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NSI New Star Investment Trust Plc

116.00
0.00 (0.00%)
18 Mar 2024 - Closed
Delayed by 15 minutes
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
  0.00 0.00% 116.00 113.00 119.00 116.00 116.00 116.00 0.00 00:00:00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Unit Inv Tr, Closed-end Mgmt 4.74M 3.25M 0.0457 25.38 82.39M
New Star Investment Trust Plc is listed in the Unit Inv Tr, Closed-end Mgmt sector of the London Stock Exchange with ticker NSI. The last closing price for New Star Investment was 116p. Over the last year, New Star Investment shares have traded in a share price range of 109.50p to 122.00p.

New Star Investment currently has 71,023,695 shares in issue. The market capitalisation of New Star Investment is £82.39 million. New Star Investment has a price to earnings ratio (PE ratio) of 25.38.

New Star Investment Share Discussion Threads

Showing 151 to 170 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
06/3/2017
22:20
I never got any money back from the TOPS fiasco! how does one claim it?
mw8156
06/3/2017
21:23
Top 5 own 75.62% as per the 2016 Annual Report. I can't quite remember the precise rules, but it reminds me about Trust of Property Shares which lost its investment trust status just ahead of liquidation. Took 10 years to get our money back on the tax forfeited. No doubt they monitor the rules very closely here.
topvest
06/3/2017
16:57
Which would more reasonably explain the lack of buyback, since it would reduce the shares in issue.
spectoacc
06/3/2017
16:52
don't quote me but as long as 25% are held with holders with a non disclosable stake it remains a IT. it must be up against this limit.
edwardt
06/3/2017
09:35
It may be run as a family trust, but the directors declare it to be an Investment Trust (IT) - and get capital gains tax exception.

For a definition of an IT, see:


1. An Investment Trust must not be a close company (CTM60060).
2. A close company is one where:
More than half the assets of which would be distributed to five or fewer participators, or to participators who are directors, in the event of the winding up of the company - see CTM60320.

The board better wake up, before HMRC come calling! Plus Ernst & Young as auditors?

(I may cross post this on the citrus site to see if anyone there knows how NSI can keep claiming to be an IT)

rooky4
05/3/2017
17:42
He has no incentive to reduce the discount. AUM would be reduced and therefore the fat fees they cream off at NSI level and the IT holds alot of money in a range of brompton funds.

The only way is for the discount to be managed is when Duffield sells down his stake to a minority holding.

mozy123
03/3/2017
15:59
Totally! An hilarious cut'n'paste from one report to the next. Is hardly rocket science to initiate a buyback, which would be highly accretive to NAV & of benefit to all.

Still - NSI is what it is. It's the pretence I find so irritating.

spectoacc
03/3/2017
07:58
Ah, NSI...

"During the period under review, the Company's shares continued to trade at a
significant discount to their NAV. Your Board has explored ways of reducing
this discount but no satisfactory solution has been found. The position is,
however, kept under continual review. "

spectoacc
09/2/2017
11:44
cgt dies on death so will be a pivotal moment here.
edwardt
28/10/2016
19:23
Duffield's 77, he could easily live to be 100. Actuarial tables alone say he has another almost 10 years, and why would his death lead to a winding up? Priorities at NSI may change, but generally heirs seem happy to keep ITs going (look at the plethora of "family wealth" trusts around).

"...The fund also provides a steady stream of fees for his new venture and it is not cheap. On top of the basic management charge of 0.75% there is a performance fee of 15% of the growth in net assets over 3-month Libor plus 1% subject to a high watermark. There are also the fees charged by the managers of the underlying funds, hence the ongoing charges figure of 0.93%."

Performance fees always rankle, but 0.75%/0.93%? That's one of my cheaper ITs. Of course be lower, particularly as a fund-of-funds, but there's ITs out there charging 1.5% basic, and some inc performance fee getting up to some really daft levels. NSI isn't an outlier on fees.

I'm a fan of NSI - I like "cheap" - and it's true that one day the discount should come in, but I'm expecting it to be the same in 7 years time as it was 7 years ago, and as it is now.

spectoacc
28/10/2016
17:40
Not too unreasonable to have a tender 10-20% above current price
jhan66
28/10/2016
05:43
Maintaining more or less the same NAV discount. One day, it'll close.
spectoacc
27/10/2016
20:00
nice little climber recently
luckymouse
11/10/2016
12:06
Up again today, tracking NAV - 136p month-end will have improved a little with £ tank.

No nearer seeing any kind of return, but still get a warm glow.

spectoacc
17/9/2016
19:44
hxxp://www.ftadviser.com/2016/09/16/investments/investment-trusts/new-star-trust-triples-returns-KApY3uV9hu1nMygwTtKEfN/article.html

Nothing new.

jhan66
16/9/2016
09:13
I would love to see their definition of the word independent.
edwardt
16/9/2016
09:12
The directors have discussed various options to reducing this discount, but have not yet found a satisfactory solution.

This is being kept under continual review by the independent board.

these statements are almost laughable....

edwardt
16/9/2016
06:31
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
25/8/2016
06:07
It's still a good investment because you're buying at such a discount, and it's risen with the NAV (ie the discount persists, but the share price rises with the NAV). But it's certainly "different" - one day the discount will close, but that could be 20 years away.
spectoacc
25/8/2016
03:09
In normal circumstances this would be a good investment.
FP Crux European (12% holding) is now up 45% in a year
Fundsmith (9%) up more than 30%

jhan66
Chat Pages: 10  9  8  7  6  5  4  3  2  1

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