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PNL Personal Assets Trust Plc

474.00
-1.50 (-0.32%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Personal Assets Trust Plc LSE:PNL London Ordinary Share GB00BM8B5H06 ORD GBP0.125
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50 -0.32% 474.00 474.00 474.50 475.50 474.00 475.50 862,534 16:35:07
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 3.82M -14.29M -0.0394 -120.43 1.72B
Personal Assets Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker PNL. The last closing price for Personal Assets was 475.50p. Over the last year, Personal Assets shares have traded in a share price range of 458.00p to 486.00p.

Personal Assets currently has 362,350,372 shares in issue. The market capitalisation of Personal Assets is £1.72 billion. Personal Assets has a price to earnings ratio (PE ratio) of -120.43.

Personal Assets Share Discussion Threads

Showing 251 to 273 of 275 messages
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
19/2/2024
01:54
I think the ROCE has always been too low on Heinken. It can't compare with Diageo.
apollocreed1
18/2/2024
10:46
Poor news from Heineken
backwoodsman
16/2/2024
12:00
Market Cap today is £1660m - 2 years ago market cap was £1770m - so buybacks have not eroded the trust significantly over that time. Share price was a little higher back then.
shieldbug
04/11/2023
15:57
Discount control looks great when a trust is trading at a premium, new shares are issued, as the trust increases in size its percentage costs are reduced and there is a small increase in the NAV per share for existing holders, Troy's fee also increases. It also appears to work when there is a short term shock, the trust buys back shares for a few days then returns to a premium (whether this is because of discount control is questionable).
But now the trust is experiencing long term selling and the shares are stuck at a small discount despite continuous buybacks. The trust shrinks in size, the trust's percentage costs go up, Troy's management fee is reduced, there is an increase in NAV for remaining shareholders but this is very small because Troy are trying to keep the share price close to NAV. Perhaps attempting to keep the share price around NAV was just too ambitious, a 5% discount is more realistic but changing the target discount would penalise existing shareholders (is this one of the causes of the selling?). PNL is a large trust but this cannot continue for ever.

cynicalsteve
31/10/2023
11:08
Hopefully Personal Assets Trust won't have the same problem as CGT have run into, as announced today. They will need to convert their share premium account into distributable reserves as well - at least CGT will have reminded them today on how not to do it! They have £150m of capacity, but that will be burnt through quite quickly if the run rate of buy-backs accelerates!
topvest
24/5/2023
17:24
What I mean is that the next 5 years are not going to be comparable to the past 5 years.

I am not confident that equities are going to be a buy and hold with inflation. A bit of diversification could prove a good thing. Especially as bonds have already fallen (and yields risen) a lot last year.

shieldbug
19/5/2023
07:17
5 year performance is backward looking. Who cares about 5 year performance?
shieldbug
05/12/2022
15:51
5 year performance is .... I will be polite and not say!.
essentialinvestor
28/10/2022
17:27
Don't be naughty thamestrader!
You know very well that PNL invests in very short dated gilts, as each is redeemed it is replaced with another and currently this will have a higher interest rate. The interest on the index linked treasuries and gilts is also increasing.

cynicalsteve
28/10/2022
15:13
>>Their fixed interest holdings will be paying more interest

Hmmm, so not fixed then.

thamestrader
28/10/2022
10:31
September fact sheet shows equities down to 25% and they are reducing Alphabet and Microsoft which have both fallen heavily in recent days. Waiting for the half year report later this year to see how much of the reduction in equities is down to sales and how much to share price falls. Their fixed interest holdings will be paying more interest so at long last we might get a dividend increase! My previous doubts because of the tech holdings have lessened, looking to add now.
cynicalsteve
02/8/2022
08:15
Core holding for me ( with CGT)Think the charges here are very reasonable
panshanger1
02/8/2022
07:34
Because of the share split my Halifax ISA showed a balance of £5 million yesterday! Back to normal today though. PNL doesn't seem so special to me now, CGT and selected ETFs can do the same job at a lower cost, maybe this time next year I'll have no PNL which would have been unthinkable 5 years ago.
cynicalsteve
01/8/2022
08:41
Terrible dog day
zxie
01/8/2022
08:16
Charts, as usual, get mangled!
jonwig
01/8/2022
06:46
Share split today 1/100
panshanger1
09/6/2022
07:26
Thanks We can all go back to sleep on this now
panshanger1
09/6/2022
07:26
I am very very very happy to see this in the report:

"...After deep consideration, the Board believe that it is appropriate to seek shareholder approval at the upcoming Annual General Meeting to split each Ordinary share on a one hundred for one basis..."

Divi reinvestment becomes a whole heap easier now ... in one of the PAT quarterlies a few years ago this cropped up and was dismissed - and I am delighted they realise that they have a significant shareholder base who would benefit from this.

dave129
09/6/2022
07:01
Annual results:



All good, and a special dividend of 140p ontop of the expected 140p.

jonwig
06/4/2022
08:55
interview with Sebastian Lyon fund manager www.investorschronicle.co.uk/podcasts/2022/03/30/sebastian-lyon-i-think-we-re-in-a-regime-change-vis-a-vis-inflation/
muzerewa
20/7/2021
07:40
Good timingNew all time high today @48900
panshanger1
19/7/2021
14:16
In case anyone lurking here is interested, the PNL managers are participating in this webinar tomorrow: hxxps://www.brighttalk.com/webcast/18301/482479?utm_campaign=communication_reminder_24hr_registrants&utm_medium=email&utm_source=brighttalk-transact
bpdon
02/7/2021
16:21
Love this steady eddy !New all time high today
panshanger1
Chat Pages: 11  10  9  8  7  6  5  4  3  2  1

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