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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
  -100.00 -0.22% 45,250.00 45,200.00 45,300.00 45,600.00 45,200.00 45,600.00 451 08:33:12
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 23.3 18.2 603.0 75.0 1,331

Personal Assets Share Discussion Threads

Showing 176 to 199 of 250 messages
Chat Pages: 10  9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
25/9/2015
11:54
Yes, it's the Gold wot done it.
jonwig
25/9/2015
10:58
Now starting to perform very nicely.
essentialinvestor
16/9/2015
12:36
Added again this AM, that's my lot now. Below NAV atm, usually trades at a slight premium, most will be aware of the discount control mechanism and PNL bought yesterday as per the transaction RNS.
essentialinvestor
11/9/2015
13:34
Had a quick scan through that. A point on the Q report - when looking at the multiple of MSFT(for example) some allowance needs to be made for the huge net cash. Appreciate that is largely offshore, but even if repatriated and the tax paid it still equates to very approx $60 Billion plus. That amount should be deducted for the PER is see a clearer valuation, their huge cash pile did not get a mention. The reverse also applies, BT.A looks very cheap until you add on the net debt and factor in the huge pension deficit - although I still like BT.A longer term.
essentialinvestor
10/9/2015
19:38
Newsletter out today...always worth a read!
topvest
10/9/2015
14:28
Added a few more.
essentialinvestor
03/9/2015
09:44
Yes jon I was aware thanks.
essentialinvestor
03/9/2015
09:25
It's actually xd (140p) this morning. Hope your price was adjusted from yesterday's.
jonwig
03/9/2015
09:02
Back in this morning.
essentialinvestor
19/4/2015
15:47
I mentioned that PM looked very interesting on a 5% yield and it's up well over 10% since then. Hope they added to that position.
essentialinvestor
16/3/2015
08:55
Gold nicely ahead this morning.
essentialinvestor
13/3/2015
16:30
You won't loose sleep with them anyway, I may top up next week, going to add in one of the three places, You know what I mean.
elmfield
13/3/2015
13:13
Added a few more this AM. Rational is threefold - many of their US holding have recently come back on the $ strength, gold weakness has reduced NAV so upside on any gold recovery, and most importantly likely relative outperformance if wider equity markets are hit. You can also add to the above some protection from likely £ weakness in the run up to the GE.
essentialinvestor
12/3/2015
19:18
Or buying more gold in case of monetary melt down?
elmfield
12/3/2015
15:26
Just quickly folks, I notice the liquidity % has slightly deceased over the last 24hrs, and hope SL spotted Philip Morris trading on a 5% dividend yield in yesterday's US session. I would have increased at that level on a multi year view.
essentialinvestor
11/3/2015
14:37
Good luck with your purchase EssentialInvestor. I don't know what percentage of your net worth that is, but now you've put that out there, I'm not surprised you've been asking the questions you have.. Edit: If you're investing what I consider to be serious money into the markets - no matter into how conservatively run the vehicle - you may get something out of the following subscription based online tv channel: hxxps://realvisiontv.com I've found it invaluable, although I've been a reader of one of the founder's online publications for a while. There's a demo page where they offer a selection of free interviews, so you can figure out if the service is for you. I've only come across Raoul Pal since I subscribed, but I've developed a growing respect for him and his macro views over the last 12 months.
jimbo55
11/3/2015
14:13
Yes I know some on the board. You are getting what you pay for, hope it works out, My holding is tiny compared, most in Rcp.
elmfield
11/3/2015
14:11
elmfield, I have corresponded with Robin Angus in the past and raised some of the points mentioned here - he's a gentleman btw. Any of the points raised are what I think, but I'm giving them the benefit of the doubt, lets see - no guarantees in the stock market.
essentialinvestor
11/3/2015
14:05
O.k, £260,000 worth, Bold step.
elmfield
11/3/2015
14:01
No elmfield, 800. Appreciate the input folks, will have a look back in a few months.
essentialinvestor
11/3/2015
13:57
800! Do you mean 80?
elmfield
11/3/2015
13:44
May regret this - 500 shares at 344.132 and another 300 at the same price. 800 and that's my lot.
essentialinvestor
11/3/2015
13:24
Believe me, I do appreciate your take and you may well be correct. It is very difficult to know exactly what could come next. Your point about defensive equity valuations is a reasonable one, as ZIRP has pushed up anything with yield. It is impossible to know and difficult to make an informed guess at what is going to come next, but my own opinion is that companies with USD-based input costs exporting into markets outside the US are going to suffer if they cannot easily pass those costs on. This cannot be good for the S&P 500 going forward. I heard today that Apple are talking about increasing the retail price of iPhones. They are one of the lucky ones who could get away with this, but I suspect few others could pull this off without damaging themselves.
jimbo55
11/3/2015
13:10
Jim, fair point, however hopefully you also appreciate my take. The latest Q report references their equity book being valued at probably the highest PE in PNL history. ZIRP has not just boosted asset prices equally, it's also ensured defensives now being valued at levels I have never seen previously. So defensives may offer little protection in the next down cycle. There are few places to hide atm, and yes it's gold and cash optionality that will have to work very hard for them, that will also require a very high degree of skill IMV.
essentialinvestor
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