North American Income Share Discussion Threads

[123ct] 26/5/2020 15:42

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

[steve3sandal] 26/5/2020 11:12

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.

[mister md] 06/4/2020 09:43

Looks quite good at these levels ...

[29palms] 29/7/2019 19:05

Once again new all time closing high @ £3.12 with intra-day @ £3.135

The more the fall in the value of £ v $ also provides a fill up to share price

Always worth a read-
Performance Data and Analytics to 30 June 2019



As always,
DYOR

[29palms] 17/6/2019 18:42

Nice to see a new all time intra day high of £3.02 today along with a new all time closing high of £3.00
Volume also picking up.
IMO company done the right thing on 10th June.

[pvb] 10/6/2019 17:21

Shazam! Shares split x5 today.

[29palms] 11/4/2019 20:17

Nice move by company IMO and long overdue.
At the forthcoming AGM, the Board will propose an ordinary resolution to sub-divide the existing Ordinary shares (currently with a nominal value of 25p each) into new Ordinary shares of 5p each.

[hsduk101] 11/4/2019 17:59

this one looks good, above market expectations always sounds good to buyers

Think ill go in and get some of these

Originally a high in 2016 of 1456p So I reckon this has some room to grow

[noslien] 11/4/2019 12:00

Yes, I agree. I just wish the charges were a bit lower, esp given this is a £400m fund
Noslien

[29palms] 11/4/2019 07:22

Final figs today make nice reading with increase in Final Dividend to 18p per share.

This should form part of any investor portfolio looking for exposure to S&P 500 stocks.

As always, DYOR

[29palms] 01/3/2019 14:57

Always worth a read on wet weekends.
Performance Data and Analytics to 31st January 2019

[29palms] 26/12/2018 20:59

US markets way oversold in the week running up to Christmas.
1000+ point gain on the DOW this evening.
Huge "melt up"

[zcaprd7] 18/12/2018 09:22

Still chatting to yourself! When is the Dow going to crash then?

[smithers] 31/8/2018 10:04

500 sell is my BUY

[29palms] 30/8/2018 18:25

Always worth a read-
Performance Data and Analytics to 31st July 2018

[29palms] 20/8/2018 19:05

Once again new all time high on NAV
£15.0541 (Including Income)

IMO share price should be trading well above £14
This is a fantastic vehicle for exposure to S&P 500 stocks with nice income quarterly.

[29palms] 15/8/2018 19:10

New all time high reached today on NAV
£14.90(Including Income)
SP should get a fill up on this given the £ dip v US$

[29palms] 07/8/2018 14:06

...again new all time high on NAV(including income) - £14.75
No doubt getting a fill up with £ v $ slip.

[29palms] 06/8/2018 14:07

..another new all time high on NAV
£14.66(including income)

[29palms] 19/7/2018 14:08

New all time high for NAV today
£14.40(including income)

[29palms] 12/7/2018 18:53

THE NORTH AMERICAN INCOME TRUST PLC

First Interim Dividend
12 July 2018
The Board of The North American Income Trust plc declare a first interim dividend of 8.0p per share in respect of the year to 31 January 2019 payable on 3 August 2018 to shareholders on the register at close of business on 20 July 2018. The ex-date is 19 July 2018.
The North American Income Trust plc is managed by Aberdeen Fund Managers Limited.


Fantastic vehicle for anyone wishing exposure to American stocks.

As always-
DYOR

[29palms] 27/6/2018 17:34

Always worth a read.

Performance Data and Analytics to 31st may 2018




Over the coming days watch out for quarterly dividend announcement - should be 8p per share

[29palms] 31/5/2018 19:53

Performance Data and Analytics to 30 April 2018

[29palms] 29/4/2018 10:32

Performance Data and Analytics to 31 March 2018



Always worth a read for anyone wishing exposure to S&P500 stocks with ever increasing quarterly dividend.

[29palms] 01/4/2018 14:13

Performance Data and Analytics to 28 February 2018



Finals from 28th March gives sparkling Final dividend of 16p per share!