New Star Investment Dividends - NSI

New Star Investment Dividends - NSI

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Stock Name Stock Symbol Market Stock Type Stock ISIN Stock Description
New Star Investment Trust Plc NSI London Ordinary Share GB0002631041 ORD 1P
  Price Change Price Change % Stock Price Low Price High Price Open Price Close Price Last Trade
0.00 0.0% 106.00 105.50 106.00 106.00 106.00 08:00:12
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Industry Sector

New Star Investment NSI Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

jhan66: Morning Specto, This part is a new addition... Over the last few years the Company’s share price has been at a significant discount to the Company’s net asset value. The Directors review regularly the level of discount, however given the investor base of the Company, the Board is very restricted in its ability to control the discount to net asset value. Am I correct in interpreting that the Board are frustrated by a majority shareholder? Xd 14th Nov. Is increased but still only 0.5% of true nav.
jhan66: Can't recall where I found that FO Crux rise but clearly incorrect Nevertheless still 33% discount on some of the most stable, liquid investments around. Ungeared & secure. I wonder what it would take to make this share price behave realistically. I do find it irksome that they keep using the expression 'your company' it manifestly isn't.
jhan66: 6% increase in NAV. Happy enough with that, makes for 35.5% discount which should hopefully reduce a little this month. I prefer to view it the other way around, we need a 55% share price increase just to catch up with a pretty accurate & liquid NAV.
coolen: Am I correct in thinking that new rules are coming into force requiring substantially more disclosure, including geographical and offshore trust beneficiaries, from anyone known to be a major shareholder in an investment trust? May not help the share price, but might give an insight into this guy's thinking.
buttanc: Have bought another 25k at 73.11p, had to sell some ATST to fund them. In response to the previous posts, and further explaining my reasons for investing: Looking at a pessimistic scenario that it takes 20 years to close the discount, the admin expenses of NSI (circa 1% annually) would reduce NAV by 18%. You would then have have a NAV of 97p or 33% above your purchase price of 73p today. Apply a 5% discount for the cost of liquidation and you come out with a 27% gain purely related to the discount. On top of this, your NAV gains are leveraged. So each year, your percent return will be increased by the discount (so in year one the discount is 63%, and if the underlying NAV rises 5%, that is a gain of 5.9p on your 73p or 8.1% NAV return). You can play around with the assumptions, but even well beyond 20 years you make a handsome increase on the underlying return on the investments when the discount closes, and you benefit from free leverage throughout. If you can hold indefinitely, the only foreseeable reason this will let you down is if the underlying investments perform significantly worse than alternative investments. This may happen, but I'm happy with their current investment mix. Another investment of mine has some similar issues. SVM, is similar in having a poor past record and a large discount, but with revamped investments that are both quoted and liquid. It has an extra disadvantage of being very small, but is investing in smaller UK companies which I like as a sector. Again there is potential for the unwinding of the discount and in the meantime your NAV returns are leveraged. Our differing views of the NSI investment case are really about whether to look at share price or NAV. For my long time horizon, NAV seems the better measure for my circumstances.
topvest: It's only in the best interest of John Duffield who owns a majority stake here and in the manager. But maybe he doesn't care about making more money and just cares about his empire. This company could do with some proper non-Executive Directors here. They could INSTANTLY change the share price by any of these courses of action: 1. Liquidate the company and pass funds back to holders. 2. Merge with another investment trust. 3. Appoint a new manager and change the investment strategy. 4. Change the investment strategy but keep Brompton. I've always hoped that 3 would happen but there appears no appetite for change. Surely, this is the worst performing investment trust on the London market. Can anyone name anything worse?
jhan66: Your Company's objective is long term growth. May 2000 share price £1.00 So roughly 1% annual in assets & -2% (neg) annual in share price. After fourteen years I'd say that's a failure. I'd like this company wound up, capital returned please.
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