Share Name Share Symbol Market Type Share ISIN Share Description
Murray International Trust Plc LSE:MYI London Ordinary Share GB0006111909 ORD 25P
  Price Change % Change Share Price Shares Traded Last Trade
  10.00 0.89% 1,132.00 91,062 16:35:13
Bid Price Offer Price High Price Low Price Open Price
1,132.00 1,136.00 1,136.00 1,130.00 1,132.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 82.42 76.89 54.10 20.9 1,455
Last Trade Time Trade Type Trade Size Trade Price Currency
17:18:13 O 983 1,132.00 GBX

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Date Time Title Posts
03/5/202111:03Murray International56
13/4/201608:07Murray International Investment Trust23

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Murray Daily Update: Murray International Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker MYI. The last closing price for Murray was 1,122p.
Murray International Trust Plc has a 4 week average price of 1,122p and a 12 week average price of 1,122p.
The 1 year high share price is 1,240p while the 1 year low share price is currently 904p.
There are currently 128,540,518 shares in issue and the average daily traded volume is 120,525 shares. The market capitalisation of Murray International Trust Plc is £1,455,078,663.76.
epo001: Bought these 3 years ago for income. Price has about matched inflation and there is a decent level of income. Content, would add.
poikka: Jeezus, is this a jam tomorrow share or what! Seriously, Brucie's been showing caution ever since I can remember, meanwhile other global ITs have been racing ahead. About time there was a change. Actually, why don't I just ditch these and move on...
gateside: Annual results published... Dividend raised... Three interim dividends of 12.0p per share (2019: three interims of 12.0p) have been declared during the year. Your Board is now recommending a final dividend of 18.5p per share (2019: fourth interim dividend of 17.5p) which is subject to shareholder approval. If approved at the Annual General Meeting, this final dividend will be paid on 18 May 2021 to shareholders on the register on 6 April 2021. Subject to this approval, total Ordinary dividends for the year will amount to 54.5p (2019: 53.5p), an increase of 1.9% which compares favourably with the 1.2% increase in the Retail Prices Index in 2020. This represents the 16(th) year of dividend increases for the Company and cements its position as an AIC 'Next Generation Dividend Hero'. The payment of the final dividend will use approximately GBP10.2 million from the Company's accumulated revenue reserves, amounting to approximately 15% of these reserves.
poikka: MYI still underperforming. They just can't grasp that there are short term opportunities to be had. All very well looking long term, but they miss out, and prospects change over time.
speedsgh: Third Interim Dividend - HTTPS://www.investegate.co.uk/murray-intnl-trust--myi-/rns/third-interim-dividend/202012041442206520H/ The Board has today declared a third interim dividend in respect of the year ending 31 December 2020 of 12.0p net (2019: 12.0p) which will be payable on 19 February 2021 to Ordinary shareholders on the register on 8 January 2021, ex dividend date 7 January 2021.
njb67: From half year report: "As I have stated previously, the Board intends to maintain a progressive dividend policy given the Company's investment objective. This means that in some years revenue will be added to reserves while, in others, revenue may be taken from reserves to supplement earned revenue for that year to pay the annual dividend. Shareholders should not be surprised or concerned by either outcome as, over time, the Company will aim to pay out what the underlying portfolio earns. The Board currently intends in 2020 at least to match the dividend payout of 53.5p per share in 2019. It is expected this will entail some use of the significant revenue reserves built up over prior years for occasions such as the current crisis. At the end of June 2020 the Balance Sheet revenue reserves amounted to GBP69.6m." With 128m shares in issue, MYI have circa 54p/share in revenue reserves to top up any actual dividend gap this year and next. So the dividend looks secure and the progressive increases remain the MYI aspiration. You could have purchased MYI at 5.5-6.5% historic yield over the last nine months, which I suspect in years to come will look like a real bargain. A very long term hold.
uapatel: Not that I want a weaker economy, I feel you’re right, EI. Hopefully MYI will start the climb up, been a while.
essentialinvestor: MYI should now outperform as UK economic data weakens.
rik shaw: Dividend Declaration hTtps://uk.advfn.com/stock-market/london/murray-MYI/share-news/Murray-International-Trust-PLC-First-Interim-Divid/82303110
speedsgh: Annual Financial Report (9/3) - HTTPS://www.investegate.co.uk/murray-intnl-trust--myi-/rns/annual-financial-report/201803090700041942H/ ANNUAL FINANCIAL REPORT FOR THE YEAR ENDED 31 DECEMBER 2017 Net asset value total return 2017: +14.7% (2016: +40.3%) Benchmark total return 2017: +12.8% (2016: +25.8%) Dividends per share {A} 2017: 50.0p (2016: 47.5p) Revenue return per share 2017: 51.8p (2016: 51.2p) Share price total return 2017: +11.0% (2016: +50.5%) Premium to net asset value 2017: +1.3% (2016: +4.6%) Net gearing {B} 2017: 10.7% (2016: 12.5%) Ongoing charges ratio {B} 2017: 0.64% (2016: 0.68%) {A} Dividends declared for the year in which they were earned. {B} Net gearing/(cash) is calculated by dividing total assets less cash or cash equivalents by shareholders' funds expressed as a percentage. Dividends and Dividend Policy Three interim dividends of 11.0p per share (2016: three interims of 10.5p) have been declared during the year. Your Board is now recommending a final dividend of 17.0p (2016: 16.0p) which, subject to the approval of shareholders at the Annual General Meeting, will be paid on 18 May 2018 to shareholders on the register on 6 April 2018. If approved, the total Ordinary dividends for the year will amount to 50.0p, an increase of 5.3% from last year (2016: 47.5p). After accounting for the payment of the final dividend, the surplus revenue of approximately £2.3 million will be transferred to the Company's brought forward revenue reserves. As I have alluded to in previous years, the Company's revenue is substantially derived from overseas companies, which pay dividends in local currencies that are then translated into Sterling upon receipt. The Company's revenue streams are, therefore, highly susceptible to the strength or weakness of Sterling. The Board and the Manager have previously investigated the merits of hedging expected annual revenues arising from the portfolio and found that introducing hedging strategies would add complexity and, for certain currencies, be very expensive to implement. Therefore, we have concluded that hedging would be unattractive to deploy. The inevitable consequence of this is that the annual revenue from the portfolio, when translated into Sterling, will experience volatility caused by Sterling's movements against the currencies of the underlying assets of the Company. The Board intends to maintain a progressive dividend policy given the Company's investment objective. This means that, in some years, revenue will be added to reserves, while in others revenue may be taken from reserves to supplement earned revenue for that year, to pay the annual dividend. Shareholders should not be surprised or concerned by either outcome as, over time, the Company will aim to pay out what the underlying portfolio earns. Management of Premium and Discount At the Annual General Meeting held in April 2017, shareholders renewed the annual authorities to issue up to 10% of the Company's issued share capital for cash at a premium and to buy back up to 14.99% of the issued share capital at a discount. During the year, no Ordinary shares were purchased for Treasury or cancellation; however, we sold 301,642 shares from Treasury at a premium to NAV. The Board will be seeking approval from shareholders to renew both authorities in 2018. As in previous years, both new shares and shares from Treasury will only be issued at a premium to NAV and shares will only be bought back at a discount to NAV. Resolutions to this effect will be proposed at the Annual General Meeting and the Directors strongly encourage shareholders to support these proposals. During the year, the Ordinary shares have traded at an average premium to the NAV (excluding income) of 3.4%. The Board continues to believe that it is appropriate to seek to address temporary imbalances of supply and demand for the Company's shares which might otherwise result in a recurring material discount or premium. Subject to existing shareholder permissions (given at the last AGM) and prevailing market conditions over time, the Board intends to continue to buy back shares and issue new shares (or sell shares from Treasury) if shares trade at a persistent significant discount to NAV (excluding income) or premium to NAV (including income). The Board believes that this process is in all shareholders' interests as it seeks to reduce volatility in the premium or discount to underlying NAV whilst also making a small positive contribution to the NAV. At the practicable date, the NAV (including income) per share was 1178.4p and the share price was 1226.0p equating to a premium of 4.0% per Ordinary share. Gearing At the year end, total borrowings amounted to £185 million, representing net gearing (calculated by dividing the total assets less cash by shareholders' funds) of 10.7% (2016: 12.5%) all of which is drawn in Sterling. On 31 May 2017, the Company agreed a new £60 million loan facility with The Royal Bank of Scotland plc ("RBS") which was drawn in full and fixed for five years at an all-in rate of 1.714%. The new facility has been used to repay a maturing £60 million loan with RBS. The Company also has a loan totalling £60 million that is due to mature in May 2018. The Directors are in the process of reviewing options for the replacement of this facility.
Murray share price data is direct from the London Stock Exchange
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