New India Investment Trust Share Discussion Threads

[tenapen] 22/5/2015 19:20

All, This thread is so out of date I was thinking that now may be a good time to start a new one

[reddave999] 05/5/2015 13:28

like it LuckyMouse, i am new to this game so how would i find information like have shown, for future reference?

[luckymouse] 05/5/2015 12:52

niice - buyers hitting the dip

[wayneduncan] 24/4/2015 15:15

Bit of a fall from grace here!

[aishahq] 24/4/2015 09:42

Yes £3 looks good support. Perhaps I'll take an initial position there if it get to that point.

[saj3] 24/4/2015 09:23

Looks like it's heading to £3

[jamdan1] 24/4/2015 08:35

That's were I got in.....doh!

[jamdan1] 24/4/2015 08:10

Thought this was a good investment!

[swsmith20] 22/4/2015 12:52

Has anyone else tried to sell, I am using Barclays, tried a couple of times to sell but can't, can buy though!

[swsmith20] 22/4/2015 12:45

Seems to be more sells than buys so maybe the time to get out and see what happens

[swsmith20] 17/4/2015 13:02

From the LSE board:SP down on Tata dataTaking a bit of a hit, NII has ~7% in Tata consultancy, hopefully they are reducing their holding. Should blow over.

[richsydenham] 17/4/2015 10:25

Any Idea why this is dropping while NAV is slowly climbing?

[swsmith20] 10/4/2015 14:52

Not sure but have a look HL website and they show NAV over time

[longshanks] 10/4/2015 13:40

NAV has broken £4. Has it been here before?

[swsmith20] 26/3/2015 12:18

Thanks. .. guess sit back and come back in 6 months

[swsmith20] 26/3/2015 12:09

Anyone any ideas as to why the drop?

[jkc147] 15/3/2015 16:53

Thank you for the response hpcg, an exciting economy to have exposure to for the medium term imo, good luck with your investment.

[hpcg] 14/3/2015 19:47

jkc147 - the discount, or premium is simply a feature of Investment Trusts. These are close ended and listed. The close ended part means that the number of units (shares) is fixed and the size of the assets managed does not vary as investors transfer ownership by trading shares. Just like other companies additional shares can be created with a secondary offering, and shares can be cancelled by company buy backs. Some ITs do buy backs as a means of managing the discount to NAV. A listed entity can have any share price irrespective of underlying asset value.

Open ended vehicles such as funds the NAV of the units is the same as the value of units. Every time someone buys into a fund a new unit is created and new assets purchased. When units are sold assets also have to be sold to pay out the cash.

Hargreaves Landsdown has charts which show the discount and premium variation over time. Buying at an unusually low discount and selling at a premium are ways one can get additional returns beyond the underlying performance of the trust.

In my opinion the discount here is related to dollar strength and fear of "emerging markets". However India is the diametric opposite of Brazil and Russia as a resource importer rather than an exporter, and has catching up to do on China which is blowing out its infrastructure bubble. In my opinion India could be in a multi-year bull run and Aberdeen are successful managers in Asia. I expect India to become fashionable again and for the discount to close, and likely trade at a premium.

[jkc147] 14/3/2015 14:09

A novice with investment trusts, can anybody help explain why there is a circa 25p gap between the NAV and ask/bid? Think this is a good medium term bet. Many thanks

[wayneduncan] 13/3/2015 20:40

The gap in the NAV is getting wider by the day here. The value of the fund is increasing but the price of buying in is dropping!

[hpcg] 19/2/2015 12:14

Nice opportunity to add on the dip, both in terms of the share price and the discount. The trend in the latter has been nicely up, as in gradually closing, and if all goes well this might even get to a premium.