Share Name Share Symbol Market Type Share ISIN Share Description
Perpetual Income And Growth Investment Trust Plc LSE:PLI London Ordinary Share GB0006798424 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 322.50p 323.00p 324.50p - - - 8,063 08:07:56
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 39.4 35.8 14.7 22.0 773.39

Perpetual Income And Gro... Share Discussion Threads

Chat Pages: 1
With a discount around -12%, the Board must do something. Change the manager perhaps?
Glisten, I am not generally a fan of buy backs in companies, e.g., its not doing much good at LLOY at the moment. However, I do agree that (for whatever reason, probably the ongoing dilution of new shares issued to cover bonuses etc.) they do seem to be more effective when implemented through an investment trust; FRCL being one example that springs to mind where it has worked well over the years, and has helped to keep the discount under 10%. I personally have held a holding in PLI for around 2 years now, and think the overall performance has been fairly underwhelming over that period, when compared to other holdings I currently have in in CTY, MRCH, FCPT, EAT, and even IVI.
north sea boy
Much discussion at the AGM today about share buy backs, with the discount at -12%. Will the Board use its power to effect this?
Performance now very poor. Does this reflect lack of confidence in Brexit or in Mark Barnett?
apparently the savings scheme at IP has been switched to self trade and I guess this comes with added expense to investors hence probably been a lot of selling by private investors which may explain the widening of the discount. any views?
What "process" is that then?
Gilston, they have in place a process that ensures that the market rating of the fund reflects the underlying Nav. I'd be disappointed if there wasn't a buy back,"they also have skin in the game".Significant holdings below. Invesco Pli saving scheme 20.3% Hargreaves Landsdown 8.4% Brewin Dolphin 5.5% Rathbone 5.1% Alliance Trust 5% Invesco Wealth 4.1%
contrarian joe
Some share buy-backs would be useful here.
Top 10 holdings % portfolio Reynolds American - US common stock 6.4 British American Tobacco 4.6 BP 4.4 AstraZeneca 3.6 Imperial Brands 3.6 BAE Systems 3.4 BT 3.2 Provident Financial 2.9 Legal & General 2.8 Roche - Swiss common stock 2.8 Total 37.7 Industry breakdown % portfolio Financials 31.3 Health Care 16.5 Consumer Goods 14.6 Industrials 13.6 Consumer Services 9.1 Telecommunications 5.2 Utilities 5.2 Oil & Gas 4.5 Total Top Ten, 37.2% Top 20, 58.6% Top 30, 74.4%
contrarian joe
Been grabbing some at these levels,has under performed this year mainly due to he's rigid approach on stock selection.Deffensive is a big part of the portfolio which have been out of favor of late as you can see below, "the top ten have no cyclical s".Now trading on a 9.7% discount (average over last 12 months 5%),however from 2012 to 2015 they touched 5% discount only 3 times & swung between +1% -2.5 for the duration. ngs 31/12/2016 % of Assets Reynolds American, Inc. 6.4 British American Tobacco 4.6 BP Plc 4.4 AstraZeneca 3.6 Imperial Brands PLC 3.6 Bae Systems Plc 3.4 British Telecom Group PLC 3.2 Provident Financial 2.9 Roche Holding AG 2.8 Legal & General Plc 2.8
contrarian joe
When the market is falling through the floor,it seems a curious time to allot more shares onto the market!
This is a bloody disaster The last 3 months the NAN, which is geared too, is underperforming it's tracking index and the share price has gone from a 2% premium to a 3% discount. And what do our well paid fund managers do to stop the rot - NOWT!
joan of arc
Still showing a nice Stage 2 chart
There are a few CTY FGT finsbury growth - my favourite You can make something neatly balanced between growth and income, big/small and geographies US coverage is quite thin - BRNA and JAM Lots of good Europeans and asians I would very strongly recommend subscribing to Morningstar they have some excellent portfolio X ray tools. It is £150 ish a year but worth its weight 10 times over
I also like EAT (European Assets Trust) with 6% yield, Small Companies Dividend Trust (SDV) with 4.5% yield, Acorn Income Fund (AIF) with a 3.9% yield and British & American Investment Trust (BAF) with a 9.44% yield. Also EWI - 3.7% yield & MRCH - 2.64% yield Shires Income (SHRS) with a yield of 5.2% has not performed so well recently & I have sold. for now.
Yes P. I'm very pleased with both: virtually the whole of my portfolio is in Investment Trusts and I particularly like Subscription Shares/Warrants to Acquire - the warrants for PLI worked well for me although I cashed them in too early. Presently I'm holding warrants in both Polar Capital Healthcare and Polar Capital Financial. PCGS is in profit and I'm confident PCFS will be next year. I just like the gearing effect.
Still recognised as a core holding for those looking for growth & income (yield c. 3.2%) Goes ex div. on 5th Dec. payable 28th Dec I believe. Lowland (LWI) is perhaps even better.
Being an holder of this stock. The announcement below(also the dividend was brought forward before the start of the new tax year.) --------------------------------------------------------------------------------------------------------- --------------------------------------------------------------------------------------------------- The Board of Perpetual Income & Growth Investment Trust plc (the "Company") announces today that it is considering an equity capital raising through an issue of a new class of share capital, namely, B shares. The Board believes that the Company constitutes a highly attractive investment opportunity with a strong long-term performance track record within the UK Growth and Income sector, and that the introduction of B Shares will provide an innovative and advantageous method of investing, or increasing one's investment, in a portfolio benefiting from the managerial expertise of Mark Barnett. The new B Shares will enjoy identical rights to the existing ordinary shares save for entitlements to dividends; instead, when dividends are paid to ordinary shareholders, an equivalent amount will be paid to B shareholders in the form of a capital distribution. These capital distributions will be taxed in accordance with rules relating to the taxation of chargeable gains, rather than income. The availability of two share classes with these differing tax treatments will enable shareholders to structure their investment in the Company in a tax efficient manner. Any issue of new shares will only be carried out on terms that would not be dilutive to existing shareholders. Collins Stewart Europe Limited has been appointed as sponsor and sole broker in respect of the proposal. A further announcement regarding the B Share Issue will be made in due course. Bill Alexander, Chairman, said: "The Board believes that an issue of B Shares would be beneficial to existing shareholders. It would also provide purchasers with a new means of accessing the Company's proven investment management expertise, allowing investors and their advisers to optimise their tax planning."
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