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NAIT North American Income Trust (the) Plc

279.00
-2.00 (-0.71%)
Last Updated: 08:24:25
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
North American Income Trust (the) Plc LSE:NAIT London Ordinary Share GB00BJ00Z303 ORD 5P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -2.00 -0.71% 279.00 279.00 282.00 280.00 279.00 280.00 35,197 08:24:25
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 51.13M 41.82M 0.3000 9.30 388.86M
North American Income Trust (the) Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker NAIT. The last closing price for North American Income was 281p. Over the last year, North American Income shares have traded in a share price range of 256.00p to 292.00p.

North American Income currently has 139,377,837 shares in issue. The market capitalisation of North American Income is £388.86 million. North American Income has a price to earnings ratio (PE ratio) of 9.30.

North American Income Share Discussion Threads

Showing 226 to 249 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
07/1/2024
19:44
I like how this trust holds none of the Magnificent Seven or has an obsession with tech. Value and zigging while the world zags may yet become trendy again and only the other day I heard some relative youngsters in the office canteeen discussing their recent tech share profits, so it feels very like 1999 all over again, perhaps?
bitgold
18/9/2023
14:47
...OK. However, NAIT was not NAIT in 2002, it was then Edinburgh US Tracker IT - an S&P 500 tracking IT.

The mandate and name change was in 2012, after its then discount had been increasingly growing, with the fashion to become a dividend income based IT.

pvb
01/9/2023
10:11
Just topped up :-D

NAIT dividend up over one thousand percent since 2002.

c29110
08/6/2023
13:39
Looking perkier....

:-)

pvb
13/4/2022
14:29
From Trustnet ...

Top 10 Holdings (28/02/2022)Rank Largest Holdings %1 AbbVie 4.602 Bristol-Myers Squibb 4.603 Comcast 4.004 Citigroup 3.705 Medtronic 3.606 Gaming and Leisure Properties 3.507 Philip Morris 3.408 Phillips 66 3.309 TC Energy 3.3010 Baker Hughes 3.20

peterbill
29/3/2022
21:17
Looking perkier...
pvb
28/9/2021
13:06
Thanks for flagging this. > 2% rise today, but, as you suggest, not immediately clear why.

Commentary suggests that dividend income from Trust investments has increased "Over 30% of the equity holdings raised their dividends over the past six months, with a weighted average increase of approximately 6.1%", which is good news for dividend sustainability.

The change in dividend policy sounds like a mere rebalancing of the quarterly payments. Without knowing the value of the final payment, we don't know whether the yield has increased at all. If the forward distribution policy were to be 3 payments of 2.5p plus a final of 4.5p, the new yield would be up to about 4.2% from about 3.8, not a spectacular increase, but welcome nonetheless.

digitaria
28/9/2021
12:36
A nice rise today, what I cannot work out though is whether this is due to the discount just narrowing or the amendment to the dividend route announced in today's results which I prefer but if you hold for 12 months would make no difference...any views on this ?
123ct
14/4/2021
16:49
A 4.6% rise in the final to 4.5p. An excellent performance.
aurelius5
10/3/2021
08:09
I welcome the Board's decision to start buying back shares. They appear to be looking to purchase 50k per day when there is sufficient liquidity. If they achieved this, and continued for the full year, that would be the equivalent of buying back 10% of the issued shares. I don't think they will quite achieve this obviously, but if they manage half then it should help reduce the discount. I increased my position early this week when the discount blew out to above 15%. I will quieten down about discontinuation for the time being!
cartan1blue
05/3/2021
09:45
A 5.5% increase in the Qu. 3 yield. That's very good going in the current climate.
aurelius5
26/2/2021
18:56
seems to have held up well this week versus the US markets performance ?
mister md
18/2/2021
08:00
I paired this with a S&P tracker last summer when I started rebuying this trust( I sold earlier in the year at a high price..total fluke and I cannot claim any skill in getting the market timing correct ) so I'm still quite relaxed about it, the yield of 4% is double that of the benchmark which it is currently underperforming, the benchmark of the Russell 1000 value yields just under 2% and the S&P yields around 1.4, the longer term track record is still good and beats most UK equity income IT on a similar yield, I also saw the Berkshire Hathaway buys on Tuesday evening ....Black Rock North America Income has closed its discount to around 5% so I still think the reflation/reopening trades will see the NAIT discount close to its long term average of close to par. On a interesting note I was trying all day yesterday to buy more and I could not get a offer all day so I can guess that there cannot be much selling pressure. I think the current discount of around 12% on a book of strong balance sheet businesses with a growing yield is a good long term hold.
123ct
18/2/2021
07:31
Noticed in their top holdings there that yesterday’s Berkshire Hathaway holding declaration has some similarities. BH had increased holdings of Abbvie, Bristol Myers and Verizon.
ramellous
18/2/2021
07:01
I would be interested in views out there. This trust has been underperforming for quite some time now, and as the Board is doing nothing about it, investors appear to be voting with their wallets. At least that's what the discount to NAV suggests. Is there a case for a campaign for discontinuation? Views?
cartan1blue
10/2/2021
12:27
[...]

Top 10 Holdings (31/12/2020)Rank Largest Holdings %1 ABBVIE INC 5.602 CITIGROUP INC 4.303 BRISTOL MYERS SQUIBB SA 4.304 PHILIP MORRIS INTERNATIONAL INC 4.305 VERIZON COMMUNICATIONS INC 3.906 MEDTRONIC INC 3.707 JPMORGAN CHASE & CO 3.508 TC ENERGY CORP 3.209 CISCO SYSTEMS INC 3.1010 OMEGA HEALTHCARE INVESTORS 2.80Breakdown of Assets %1 US Equities 87.402 Canadian Equities 8.103 Money Market 5.604 Money Market -1.10

peterbill
18/1/2021
23:17
This thing is starting to feel like a bit of a dog. It's certainly no Scottish Mortgage!
pvb
27/11/2020
22:40
I don't think that closing price will stick. All my ITs miraculously up a lot at the close today by outlier trades.
steve3sandal
27/11/2020
22:07
...Improving now?
pvb
14/10/2020
13:08
Sadly, the XIRR on this in my ISA is currently a measly 1.17%! I originally purchased in 2016, 2017 and again in March this year. Very disappointing.
pvb
13/10/2020
16:45
NAIT has been trading at rather large discount since market correction around March and really has never recovered.
Good value here IMO given NAV @ 257.55p including Income
Didn't help either when Brewin Dolphin dumped 2.4m shares on 1st June.

I continue to hold this given the yield of 4%+ and add from gains elsewhere.

29palms
13/10/2020
16:09
This seems to be doing really badly since the April collapse. The S&P has recovered, this has not.
pvb
26/5/2020
14:42
I like this IT, it was at 315p 3 months ago, I would love to say I got my timing right but a pure fluke I was out in the 290's and have been buying back in over the last month and like the dividend. It is underperforming the S&P but that's not it's benchmark, it's the Russell 1000 value, if you take out the top 5 or 6 tech names the S&P would be a lot lower with a yield of around 1.5% , NAIT yielding just below 4 so unless there is another big market sell off I like this holding, and I hope the 10% discount narrows to its historical 12 month average of around par to slight premium
123ct
26/5/2020
10:12
Suddenly in May for no reason I can work out unless it's concern the dividend yield is Covid trashed, it's gone from trading round the NAV to a 12/13% discount. It's a collection of US dividend stocks and I quite like it here with the share price down nearly 30% over a year. It's got little exposure to hot tech.Obviously it's America so they have efficient balance sheets so apart from CME just o/s Top 10 they do all carry debt. It feels a sensible toe in the US water as the 30% share price fall perhaps reflects the 30% economic damage. At various times over 5 years it's beaten the S&P during the past 10 years but not in the last 5 as no hot tech held. Top 10 PEs on L4Q were between 11 and 19x, excluding Chevron (oil price slump) and Bristol Myers (takeover) and all seem to be paying Divs except perhaps Citi might have to pass if they need to make serious provisions in line with their embedded earnings. NAIT have 8.28p Div reserves after payment of the June one so I'd hope they may be able to hold 20/21 Div at 9.5p but even 8p would be 3.5% in line with what I think I'm getting on my portfolio in N12M.NAIT was founded in 1902 for people who like that sort of thing. They've very recently been tilting to more defensive and improving the quality of the portfolio. Sourced to Fact Sheet, Video, not my analysis. They also sell calls against holdings which generates a little extra juice in flat and down markets. No idea if their tilts will work but it's what I would do. On the other hand you could buy USA which is a newish 2yo IT Baillie Gifford US Growth Trust (USA). Shares have all but doubled in no time. Full on steroids US tech, momentum (that happens to be the same thing at the moment) but I think lower quality and more expensive. Some of USA holdings are not yet trading profitably. I'm interested to follow this contest but I've backed the tortoise at 225p straight out of the gatetoday.
steve3sandal
Chat Pages: 10  9  8  7  6  5  4  3  2  1

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