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Share Name Share Symbol Market Type Share ISIN Share Description
New Star Investment Trust Plc LSE:NSI London Ordinary Share GB0002631041 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -1.9% 103.00 102.00 108.00 105.00 105.00 105.00 83 16:35:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2.2 1.3 1.8 56.9 73

New Star Investment Share Discussion Threads

Showing 201 to 224 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
28/1/2020
14:09
Thanks for flagging up the performance fee demise. Using Libor as a performance measure has been wrong for years. Now one (of many) reasons for the discount has been chipped away. So why now? I hoped it was the board getting a grip, but it's still the same old trio (Chairman has been there for 10 years. John Duffield has 60% holding) Only clue I can think of is the following from the last report: "The Company is a small registered Alternative Investment Fund Manager under the European Union directive. The Company’s assets now exceed the threshold of €100 million. As a result, should it wish to borrow it would require a change in regulatory permissions. Just maybe the trust is growing (numerically) to the point where it has to reform? (P.S. just checked an AIFM quickly, the trust can qualify up to €500 million if it is unleveraged, so NSI is an IT that can't borrow. Not such good news as leverage is one of the claimed advantages of an IT)
rooky4
26/1/2020
10:48
Great. Thanks for the background.I've bought more, based on its low Price to NAV and good track record , and now lower annual charges.
davebowler
25/1/2020
20:56
MERI finals out yesterday and this was what it said about Embark: Embark Group Limited Embark Group is a full-scale retirement solutions provider, with platform, investment wrap, e-SIPP, SIPP, SSAS, fund research and employee benefits consulting capabilities. The Group trades under the subsidiary brands Embark, Vested, Rowanmoor, EBS, The Adviser Centre, DISCUS and Hornbuckle. It also operates a wide portfolio of white-label technology solutions for businesses such as RBS Coutts, Standard Life, Nutmeg, BestInvest, Charles Stanley, Moneyfarm and Wealthsimple. Embark Group is one of the fastest growing digital retirement and savings businesses in the UK market, growing from zero to GBP15.5bn assets under administration in under six years. The group is experiencing strong demand for its digital services, and additional capital will enable it to take full advantage of its disruptive position in the UK savings sector, through continued technological innovation and selective expansion opportunities. Capital invested GBP14.9m Value as at 30 September 2019 GBP14.9m Date of initial investment August 2019 Last audited financials (Y/E: December 18): GBP32m Revenue (+10% YoY); Net Profit GBP0.1m
rambutan2
22/1/2020
20:28
MERI are invested in Embark and provide more frequent updates than the abstemious NSI. https://uk.advfn.com/cmn/fbb/thread.php3?id=44231411
rambutan2
22/1/2020
20:17
Below, taken from y/e results (to 30/06/19), when Embark was 2nd largest holding valued at £6m. A year previously the value was £3.3m. "During the year, your Company modestly increased investment in three private companies, which have the potential to add an uncorrelated source of return. The unquoted portfolio increased by more than £1 million after allowing for sales and purchases. The investment in Embark, your Company's largest unquoted investment, increased and the valuation has been written up in response to the terms of a capital raising." htTp://www.nsitplc.com/financial-reports/ And post June: hTtps://embarkgroup.co.uk/insights/franklin-templeton-to-take-material-stake-in-embark-group/
rambutan2
22/1/2020
15:49
This appears as a major holding last year - hxxps://embarkgroup.co.uk/
davebowler
05/11/2019
20:52
)) I looked at SGEM as well, but struggle to see the upside with that trust.
essentialinvestor
05/11/2019
20:49
@EI - lol - about 40 at last count, possibly too many! Only the top dozen in size tho ;) A sucker for "deep value", which I believe NSI is, but likely only once Duffield pops his clogs. Might have another 20 years in him yet.
spectoacc
05/11/2019
20:39
SpecA, is there much you don't hold! ). Had a look at this today, around 2% a year for the privilege of holding with a negligible yield atm. The flip side is the discount to NAV and quality of holdings.
essentialinvestor
05/11/2019
08:57
Any reason for recent rise? Not broken out of discount band, but more used to this one doing nothing.
spectoacc
17/6/2019
15:02
So assume 2% ter pa overall vs approx 30% discount narrowing to say, 10, on death plus you'll pay a chunk of spread. There's no certainty it will be liquidated as a family trust. ie breakeven is 10 years vs an MSCI tracker at approx nil cost. It's not a slam dunk punt at these levels
erstwhile2
17/6/2019
12:31
John Duffield is now 80.
rooky4
10/5/2019
08:32
Ages since I've done anything with these - as per last Sept, the spread too off-putting. But just bought a few more at 110p, with NAV c.153p and them seemingly very defensively positioned (no gearing, cash in $, some gold exposure). Definitely a SIPP holding - not likely to get rich quick.
spectoacc
21/9/2018
19:36
Sometimes I feel like selling a few, sometimes I feel like buying more, but each time the spread stymies me - rarely get a quote more than a penny inside it either side, if that. Agree it's cheap, but I would say that.
spectoacc
21/9/2018
08:45
looks cheap on the face of it price about 115, nav about 158 or 159.
mw8156
21/3/2018
23:20
Maybe having a problem in retaining "investment trust" status (narrowing spread of shareholders ?)
coolen
21/3/2018
13:44
Half year results are later than normal, unless I’ve missed something. Maybe they’re working on something to unlock value for those shareholders they’re always looking out for.
jhan66
10/2/2018
10:36
Indeed @coolen - already lost count of how many times I've gone to trade something I already hold, to be told I have to read a form about it first! Ridiculous. Bad enough for new purchases, but something I'm adding to or even worse - selling? @topvest - large discount and large spread, so I don't disagree, & continue to hold a reasonable chunk.
spectoacc
09/2/2018
20:31
Specto, regarding the new pre-dealing email requirements, you have detected an aspect of Mifid II which will indeed cause turbulence shortly amongst small traders. And yes, permission to hide trades from PIs by reporting on Plus, hardly equates to the promise of "enhanced transparency". Your frustrations will soon be shared by the many.
coolen
09/2/2018
19:16
I can't bring myself to sell at a large discount. Will keep holding for now.
topvest
09/2/2018
07:25
What about 2x 15k? ;) Thanks - not sure why my system (Alpha) doesn't include Plus. Reminds me of the farce of MIFID II (where I now frequently can't trade stocks I already hold, unless I email broker first to send me a form) - attempts to "open up" things like reporting just make it all much less opaque.
spectoacc
08/2/2018
17:26
MMs have been reporting on Plus as opposed to LSE. For instance, 15,000 reported there today @110.5p.
coolen
08/2/2018
16:32
Sold a few for the first time today - amazing how the MMs manage not to report the trades! Haven't given up on NSI, but the discount has come in a touch, whilst the market has come down a bit. Dislike selling on that 10p spread mind. Been a lovely one so far - and is reasonably defensive I reckon. But nice to have some cash in reserve for if there's further market falls.
spectoacc
07/10/2017
22:33
The new lad coming in, David Gamble. Is see he is ex-BA, but is he also the same "David Gamble" who ran the Shell Pension Fund in the 1970's ? That particular Mr Gamble was quite smart.
coolen
Chat Pages: 9  8  7  6  5  4  3  2  1
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