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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
  +1.00p +0.92% 110.00p 108.00p 112.00p 110.00p 109.00p 109.00p 5,000 13:02:52
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 1.8 0.8 1.2 94.0 78.00

New Star Investment Share Discussion Threads

Showing 76 to 99 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
11/8/2015
17:14
taken from their accounts - the question I ask myself is what about indirectly? I hope there is no double bubble here.... The Group's investments include seven funds managed by Brompton or its associates totalling GBP14,761,000. No investment management fees were payable directly by the Company in respect of these investments.
edwardt
07/5/2015
17:02
as i am 38, i will sit it out!
edwardt
15/4/2015
21:33
No apparent investor attraction. So could the resultant discount be an IHT wheeze, albeit in due course ?
coolen
15/4/2015
16:51
Agreed Edwardt. He's 75 in two months.
jhan66
15/4/2015
16:42
the discount here is now almost laughable - the trust owns open ended funds for god's sake. how old is Mr Duffield?
edwardt
25/3/2015
21:03
This vehicle seems to exist to protect wealth rather than to grow it as far as I can see.
topvest
25/3/2015
13:57
the use of the word independent may be a bit generous.
edwardt
04/3/2015
11:50
still asleep -let's hope the independent directors are thinking hard about the enormous discount.
edwardt
28/9/2014
08:45
Yes, that's a possibility. Trouble is he is unlikely to move away from Brompton. If they reversed Brompton in it would lead to loss of investment trust status, but not sure that would necessarily lead to any tax liability given the lack of gains actually made by the trust. Depends on his appetite to recreate New Star or Jupiter I suppose. I wouldn't be surprised if he still has ambitions to do that.
topvest
28/9/2014
00:43
As a fully-listed investment trust, I agree that present "related party" red tape would almost kill any reversal plans (and perhaps endanger investment trust tax status ?). So, any reversal would need to offer a major attraction: Might the whole shooting match get quoted in order to facilitate a third-party share exchange offer, with rollover cgt benefit being the main objective ?
coolen
27/9/2014
08:34
Yes, the three angles are probably: -£0.5m of fees to Brompton; -Inheritance tax reasons; and -Retaining control of a listed company for a possible comeback. Looking at Brompton Asset Management it is growing well with an Equity and Property fund management business. Made a £2.7m profit on £7.5m of revenue in 13/14 and it's growing strongly with over £1.1bn in FUM up from £0.7m in the prior year. I suppose that this could also just be a placeholder investment until something better comes along. They could always reverse Brompton Asset Management into this at some point, although that's probably messy from a related party transactions perspective.
topvest
26/9/2014
23:57
The Brompton funds just seem to invest in other collectives, is that right ? It is almost as if the "investment" managers are admitting to no bottom-up stockmarket expertise. From Duffield's aspect, it presumably would cut his IHT bill if his wealth is standing at 70p in the £. HMRC can hardly argue against a share quote. I'm struggling to find another angle which is more generous to the guy, given that he's a bright cookie.
coolen
26/9/2014
08:31
Not really and Duffield has 59%
topvest
25/9/2014
22:07
Other than Duffield, anyone of note with share stakes ?
coolen
25/9/2014
21:29
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?
topvest
25/9/2014
21:21
I am not a shareholder so have not seen the latest accounts. However, it is now a requirement of an investment trust to include a statement in the annual report why the continuing appointment of the investment manager is in the best interests of shareholders.
coolen
25/9/2014
20:32
Yes, total failure. John Duffield's strategy is bizarre. He seems happy to just keep money and not make anything at all. Very odd for such a successful man. Surely, he could actually find an investment manager who actually knows how to invest. This bunch are next to useless!
topvest
25/9/2014
15:00
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.
jhan66
25/9/2014
14:45
Another set of "standing still" results. This company trades at a significant discount and use Brompton to churn out continually poor results. Same wording on the discount as last year. Yes, there is something you can do...change the investment strategy and manager. Look at what Majedie Investments achieved! Very poor stewardship on this investment trust.
topvest
24/2/2014
20:23
Anyone brave enough to ask for sight of their Conflicts of Interest Register ?
coolen
24/2/2014
15:23
Feels like a good alternative for cash which is surplus to requirements given the significant downside risk protection. I have bought some on this basis, but am only targeting returns of 5-10% p.a. A safe(ish) place to park some surplus cash and forget about it for a few years in the knowledge that it would have only been earning c.2% in the bank. Disappointing to hear that the company still has no intention to do anything about the discount despite having lots of cash.
scburbs
24/2/2014
14:27
minority being the operative word qwazi. i for one will hang around, the discount is simply too wide to ignore, one day i will smile having stuck this one out....
edwardt
24/2/2014
12:50
This has to be one of the worst investment trusts currently listed. Woeful performance. Surely John Duffield could have a better manager for this trust. A five year old or a random selection machine would have performed twice as well.
topvest
24/2/2014
11:54
...and how does the company manage the conflict of interest? The major shareholder gets a benefit from NSI investing in all these Brompton funds, but none of the minority shareholders do.
qwazi
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