North American Income Share Discussion Threads

[albert arthur] 06/11/2024 17:57

#NAIT #AI targets and reason for purchase. See video below for AI price targeting and why I bought this today. UK based fund that has positions of 54 US based stocks trading under NAV. Expect a NAV uplift tomorrowhttps://x.com/albert__arthur/status/1854217592652853374?s=46

[albert arthur] 06/11/2024 16:26

NAV could be 380p here tomorrow looking at their portfolio.

[albert arthur] 06/11/2024 14:59

With what's going on on the US market, and the daily NAV. This looks like a no brainer here.

[bitgold] 30/7/2024 22:38

Performance has picked up. Perhaps a rotation from tech into more defensive sectors. Good dividend, ticking along nicely

[aurelius5] 11/5/2024 07:44

The Board has appointed Henderson as managers, taking Fran Radano with them. I've always liked this trust and never had a problem with Aberdeen, but Henderson are outstanding managers, particularly for income investors.

[bitgold] 27/4/2024 12:55

I see an Ok discount and a lack of interest in US value stocks. Will continue to invest monthly, but totally understand the disappointment, when the S&P 500 looks good thanks to the magnificent seven (or is it 4 now?)

[pvb] 16/4/2024 17:44

'Fraid I finally lost patience with this one and gave up on it.

"Maybe they should have stayed as a S&P500 tracker trust?!"

I was thinking something similar...

[topvest] 05/4/2024 08:23

Very poor annual results today. How they lost money in the US over one year is quite impressive - actually quite difficult to achieve and required real skill...lol. 1-yr, 3-yr and 5-yr versus the Russell 1000 Value Index all under-perform badly. I've not been impressed with the manager here...needs a change. Continuation vote could be interesting. Maybe they should have stayed as a S&P500 tracker trust?!

[bitgold] 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?

[pvb] 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.

[c29110] 01/9/2023 10:11

Just topped up :-D

NAIT dividend up over one thousand percent since 2002.

[pvb] 08/6/2023 13:39

Looking perkier....

:-)

[peterbill] 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

[pvb] 29/3/2022 21:17

Looking perkier...

[digitaria] 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.

[123ct] 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 ?

[aurelius5] 14/4/2021 16:49

A 4.6% rise in the final to 4.5p. An excellent performance.

[cartan1blue] 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!

[aurelius5] 05/3/2021 09:45

A 5.5% increase in the Qu. 3 yield. That's very good going in the current climate.

[mister md] 26/2/2021 18:56

seems to have held up well this week versus the US markets performance ?

[123ct] 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.