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NSI New Star Investment Trust Plc

116.00
0.00 (0.00%)
Last Updated: 08:00:24
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% 116.00 113.00 119.00 116.00 112.00 116.00 108 08:00:24
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 176 to 197 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
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
21:33
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
07/10/2017
18:06
The pain is that the spread of 100-110 p easily eliminate over 5% of the discount, making it less undervalued.
riskvsreward
07/10/2017
10:49
Interesting £3M investment in Embark Group Limited. All a bit eclectic.
topvest
07/10/2017
10:35
Annual Report just arrived. Performance has definitely improved. Looks a safe place to hold at the moment with a 30% discount. At some point something will happen I guess and the discount will disappear. Brompton Asset Management are pretty small still with a £ billion or so under management. Duffield is 78 I think so probably taking life a bit easier. He's probably happy to just sit on this and take the management fees into Brompton. Could go on for another decade or two I suppose.
topvest
18/9/2017
19:04
At least the lacklustre performance has picked up a tad. Last 2 years has been acceptable.
topvest
18/9/2017
07:03
@jhan66 - that's a little more honest of them at least. Will be interesting to see what happens when Duffield "departs" - ie where his shareholding goes.
spectoacc
18/9/2017
06:37
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
18/9/2017
06:16
I've got it - they're copy/pasting this each time to save costs in having to write it out again:

"Your Company's shares continued to trade at a significant albeit narrowing
discount to their NAV during the year under review. Your directors have
discussed various options with a view to reducing this discount but no
satisfactory solution has yet been found. This position is, however, kept under
continual review by the board. "

spectoacc
10/8/2017
11:32
Hopefully the former rather than the latter, but time will tell. OCN is a good company whatever happens. Could demerge its investment arm at some point which would help eliminate the double discount.
topvest
10/8/2017
07:30
Probably more chance of an exit on New Star which will crystallise value. I prefer Hansa as its an excellent deep value play with moderate income, if you like Ocean Wilson. Better chance of long term growth on Hansa. New Star is a bit of an index tracker (at best), but will generate a 50% upside as and when an exit occurs at some point in the next decade.
topvest
10/8/2017
06:27
An old mutt sleeping by the fire, but I hold it over Hansa.
spectoacc
09/8/2017
16:56
Hold both. Hansa Trust is good. This is a dog. Only my view.
topvest
09/8/2017
15:29
seems the market hates this and Hansa but surely value must out in the end?
mw8156
08/3/2017
21:09
The documents should all be on the Companies House web-site I suspect.
topvest
07/3/2017
22:36
Many thanks Topvest and erstwhile 2; I may attempt to claim some money from the liquidators for my few shares held on a platform....
mw8156
07/3/2017
20:46
On TOPS Estates and its investment trust, the liquidator sued the estate of the former CEO who had sadly passed away. The settlement was paid out last year. Not a full refund of the tax loss, but quite a chunky settlement nonetheless.
topvest
07/3/2017
09:35
The close company rules are less onerous for a quoted company. From the Corporation Tax Act:

446 Particular types of quoted company

(1)A company is not to be treated as a close company at a particular time if—

(a)shares in the company carrying at least 35% of the voting power in the company have been allotted unconditionally to, or acquired unconditionally by, and are at that time beneficially held by, the public, and

(b)any such shares have within the preceding 12 months been the subject of dealings on a recognised stock exchange, and the shares have within those 12 months been listed on such an exchange.

(2)But subsection (1) does not apply to a company at any time when the total percentage of the voting power in the company possessed by all of the company's principal members exceeds 85%.

(3)For the purposes of this section, a person is a principal member of a company if the person possesses a percentage of the voting power in the company of more than 5% (but see subsection (4)).

(4)If there are more than 5 persons within subsection (3), a person is a principal member of the company only if—

(a)the person is one of the 5 persons who possess the greatest percentages, or

(b)in a case where there are no such 5 persons because two or more persons possess equal percentages of the voting power in the company, the person is one of the 6 or more persons (including those two or more who possess equal percentages) who possess the greatest percentages.

(5)In determining for the purposes of this section the voting power which a person possesses, there is to be attributed to the person any voting power which would be attributed to the person if section 451(3) to (6) applied for the purposes of this section.

(6)In this section “shares”

(a)include stock, but

(b)do not include shares entitled to a fixed rate of dividend, whether with or without a further right to participate in profits.

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

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