That’s a large director buy. |
#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 |
NAV could be 380p here tomorrow looking at their portfolio. |
With what's going on on the US market, and the daily NAV. This looks like a no brainer here. |
Performance has picked up. Perhaps a rotation from tech into more defensive sectors. Good dividend, ticking along nicely |
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. |
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?) |
'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... |
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?! |
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? |
...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. |
Just topped up :-D
NAIT dividend up over one thousand percent since 2002. |
Looking perkier....
:-) |
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 |
Looking perkier... |
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. |
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 ? |
A 4.6% rise in the final to 4.5p. An excellent performance. |
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! |
A 5.5% increase in the Qu. 3 yield. That's very good going in the current climate. |
seems to have held up well this week versus the US markets performance ? |
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