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Share Name Share Symbol Market Type Share ISIN Share Description
Personal Assets Trust Plc LSE:PNL London Ordinary Share GB0006827546 ORD �12.50
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  300.00 0.67% 45,200.00 45,050.00 45,150.00 45,400.00 45,100.00 45,250.00 4,848 16:35:06
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 23.3 18.2 603.0 75.0 1,327

Personal Assets Share Discussion Threads

Showing 126 to 150 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
18/3/2014
13:24
There's a discount/premium control mechanism on this trust elmfield, so good luck with that. ;)
jimbo55
05/3/2014
14:30
See we can buy sub asset, Thinking of adding for want of anything else!
elmfield
10/2/2014
15:09
Added a few more late Friday, that's my lot.
essentialinvestor
06/2/2014
16:36
If you want to take a conta-view, then the current price with a NAV back to approx July '11 levels looks a decent entry price, just IMV.
essentialinvestor
06/2/2014
13:00
EI: yes, very disapponting performance here. Holding as insurance.
walter walcarpets
06/2/2014
11:58
Another new NAV multi year low it appears.
essentialinvestor
09/1/2014
15:21
BATS is a far larger holding elmfield, BATS hammered again today.
essentialinvestor
09/1/2014
13:26
Greggs doing o.k, think we hold them, every little helps!
elmfield
09/12/2013
22:35
It's always worth having a look at their equity holdings, although I would be more cautious on big tobacco with the advent of electronic cigarettes. DPS their latest addition is a decent longer term bet. Not sure I see sub £300, but who knows.
essentialinvestor
09/12/2013
22:22
Yes it does look like PNL have been far too cautious in recent times and certainly look to be backing the wrong horse with gold. It's still a fund worth holding as part of a diversified portfolio, but I'll be waiting for sub £300 before being tempted to buy more. Here's the latest quarterly report www.patplc.co.uk/secure/documents/quarterly/70.pdf Gold making up around 11% of holdings, although not much mention of it in the narrative.
1nf3rn0
06/12/2013
13:16
That looks another 2013 new low on the NAV as of yesterday, NAV now back to late 2011 levels it appears. 1nf - from memory that article is from the Summer, we know what has happened to Gold since.
essentialinvestor
05/7/2013
22:25
http://www.telegraph.co.uk/finance/personalfinance/comment/10163015/The-smart-money-is-quietly-buying-more-gold.html "There are also some seriously credible professionals currently buying, albeit quietly. One is Sebastian Lyon, the fund manager overseeing Personal Assets Trust, a unique, quoted £600m investment fund whose overriding aim is to preserve shareholders' capital. The board of Personal Assets is so hell-bent on its cautious, wealth-preserving tack that it boasts about having missed stock market rallies. In its own words, it is a "tiresome holding for lovers of excitement and adventure, who will find it unbearable to see us sitting on the sidelines while the FTSE climbs tantalisingly to its peak". Personal Assets Trust's excellent performance during the worst of the crisis was largely due to its big investment in bullion – currently more than 12pc of its portfolio. In recent months, as the price has fallen, Mr Lyon has topped up gold holdings. That someone who follows such a cautious mandate, and has done so with such success, is today a buyer of gold is worth noting. "
1nf3rn0
01/7/2013
22:04
Bit of a bounce, good hiding place.
elmfield
27/6/2013
15:18
They suggested in one of their monthly or annual reports (can't remember when) that they were only holding gold until they could see value in equities and would rather hold equities in normal circumstances. Not sure about holding bank notes. Short dated gilts in sterling or currency of preference would do roughly the same job.
argoal
27/6/2013
13:27
argoal - yes, the gold and index-linked add up to a sizeable bet on inflation. Moreover, PNL's description of the very large allocation to treasuries in general as 'liquidity' is odd, as almost the entire portfolio is surely quite liquid. Presumably they mean that the treasuries are only there until a better opportunity arises, in which case they are a short term investment - which turns them into a relatively risky asset class in terms of their near term potential volatility. A pity PNL no longer feel that they can risk holding cash, understandable though that is (although if they can hold gold in vaults, why not banknotes alongside it!?). This does however mean that their wealth preservation objective is somewhat compromised as it gives them no choice (hedging aside, which doesn't appear to be an approach they favour) but to remain fully exposed to the markets at times when all asset classes seem expensive.
40t
27/6/2013
12:22
Dash and blast... The insurance qualities of PNL have not been quite as bullet proof as I hoped. Sharp falls in Gilts, gold and equities, all at the same time, recently have been a tripple whammy and the FTSE has recovered a bit since last week too. Nice steady climb back needed.
argoal
15/6/2013
11:50
hxxp://www.patplc.co.uk/secure/documents/quarterly/68.pdf Latest newsletter
1nf3rn0
06/6/2013
22:54
Well you say they've missed a 3 year rally, but the share price has risen around 25% over the last 3 years which isn't a bad average annual return. I've been waiting for a good price to add here so I'm glad of the market pullback and the opportunities that gives. Hoping for a brief down spike below £340. Ideally £333.33, with 3 being a magic number and all :)
1nf3rn0
05/6/2013
21:12
Reading today's report is rather different than most. Most investment trusts are "cautious" after recent gains, whereas PAT expect markets to collapse anytime soon. Quite depressing, but they may be right?..When will they go "all-in" on equities?...not for another few years or decades I suspect.I suppose they always are eventually right, but they have missed a 3 year rally. Anyway happy to hold shares in this as it's a very safe home for your hard earned money.
topvest
20/5/2013
08:59
Jimbo55 .... I wouldn't want to sell my PNL now as I suspect much of the under performance has already happened,but given the Trust has a large exposure to some high quality dividend paying U.S and U.K companies even a defensive posture should have proven more profitable than has been reflected in the NAV.
james93
18/5/2013
03:09
James93, this trust is overweight in Gold for a number of very good reasons; none of which have gone away. This rally is being driven by nothing other than QE money and fickle investor sentiment; analogous to a pack of lemmings running for the cliff edge. Would suggest you read the annual and interim reports, which do a good job of explaining in some detail the trusts positions and why it holds them. If you don't agree with their thinking and positioning, then why hold the trust?
jimbo55
18/5/2013
03:07
Agreed Elmfield. The current situation in the markets will end badly. I just don't know whether it will be a Eurozone disintegration or Japan losing control of their bond market that will finish it first. Probably, it will be something that nobody sees coming...
jimbo55
17/5/2013
16:32
A good place to have one money tucked away in my view, keep some safe, do not chase QE fuelled rising asset prices with all your cash, it will end in tears, IMv. Rica,Rcp and this, better than gilts or cash in the bank in my view.
elmfield
17/5/2013
16:29
You understand PLN's function right. In a bull market it is a dog. In a bear market it is a life saver. If you can time the market then you will do well moving in and out of PNL. If you have no idea whether the market will continue to motor upwards or correct sharply downwards then probably a good idea to leave money in it as insurance. The purpose of having gold in the portfolio is that it tends to be negatively correlated to stocks (and bonds) so acts as a counterweight to sharp movements in the market. I have around 8.5% of my cash in PNL so not a huge bet one way or the other but a handy bit of insurance.
argoal
17/5/2013
15:45
As I understand it PNLs primary function is the preservation of capital. This is only really a positive feature in a falling market. Under performance in a bull market is not a positive. I'm up about 3% on this from last summer. Allowing for the meagre dividend this is the worst performer of all my trusts. My fear is that with its overweight position re gold this will continue to flounder.
james93
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