Resources Investment Trust Share Discussion Threads

[papillon] 14/4/2004 21:45

Didnt do much for the share price did it?

[bionicdog] 14/4/2004 11:16

is it just me or is 157.32p a hefty jump?

[steve73] 05/4/2004 16:59

energyi - any chance of updating the header with the latest top 10 holding info issued on the 2nd April, please. - ta..

[energyi] 01/4/2004 09:46

Net Asset Value per Ordinary Share

Resources Investment Trust PLC announces that the un-audited net asset value of
its Ordinary Shares as at the close of business on 30th March was 151.30p per
share.

31st March 2004

[mangal] 04/3/2004 12:35

A very positive write-up today on JIT & REI by citywire:
"Hot performance, wide discounts and shrewd investors sniffing about - what more do you want from an investment trust? Citywire shines the light on two funds with a lot going for them."

[bionicdog] 23/2/2004 08:24

deserves a jump after CER's performance on friday.

[papillon] 18/2/2004 16:54

NAV now 155p. Its a cheap share at 121p.

[bionicdog] 17/2/2004 13:08

NAV up another 4.5p , price up only 1p so far.

[maggieuk] 13/2/2004 00:13

got in twice today at 117p offer and was at the time annoyed by the massive spread on a 3p rise. Unusuaul for this one, tends to rise a penny a time every other day or so....then bosh... up like a rocket late on.

What happened there, havent seen a rise like that for some while and no major volume trades showing. Robbie the Trader should be happy tomorrow, a long term fan.

[bionicdog] 12/2/2004 15:05

that's a bit more realistic :o)

[bionicdog] 11/2/2004 14:14

NAV now up to a whopping 148.27p , starting to look cheap again at a 25.14% discount.

[maggieuk] 14/1/2004 15:42

Nice purchase of 200,000 at 109.5 went throgh this afternoon. Is a discount of 23% ish justified by current enthusiasm for resources stocks? Any thoughts??

[energyi] 13/1/2004 23:56

un-audited net asset value on 12th January 2004 was 139.03p per share.

Quote of 107P is a discount of 23%

Yesterday's NAV helped by a pop in USGL

[tuffbet] 10/1/2004 18:35

RNS Number:0664U
Resources Investment Trust PLC
09 January 2004

SCHEDULE 10

NOTIFICATION OF MAJOR INTERESTS IN SHARES

1) Name of company

RESOURCES INVESTMENT TRUST PLC


2) Name of shareholder having a major interest

CITY OF LONDON INVESTMENT MANAGEMENT COMPANY LIMITED AS MANAGER OF:

GLOBAL EMERGING MARKETS COUNTRY TRUST

EMERGING (FREE) MARKETS COUNTRY FUND

GFM EMERGING MARKETS COUNTRY FUND

TRADEX GLOBAL EQUITY FUND

EMERGING WORLD FUND


3) Please state whether notification indicates that it is in respect of
holding of the shareholder named in 2 above or in respect of a
non-beneficial interest or in the case of an individual holder if it
is a holding of that person's spouse or children under the age of 18

SHAREHOLDER IN 2) ABOVE

4) Name of the registered holder(s) and, if more than one holder, the
number of shares held by each of them

MELLON UK NOMINEES LTD A/C BSDTUSD

5) Number of shares/amount of stock acquired

GLOBAL EMERGING MARKETS COUNTRY TRUST, 808,000 ORDINARY SHARES

EMERGING WORLD FUND, 475,000 ORDINARY SHARES

TOTAL 1,283,000 ORDINARY SHARES


6) Percentage of issued class

GLOBAL EMERGING MARKETS COUNTRY TRUST, 3.98%

EMERGING WORLD FUND, 2.34%

TOTAL 6.32%

7) Number of shares/amount of stock disposed

N/A

8) Percentage of issued class

N/A


9) Class of security

ORDINARY SHARES OF 5 PENCE EACH

10) Date of transaction

NOT DISCLOSED

11) Date company informed

9 JANUARY 2004


12) Total holding following this notification

3,336,000 SHARES


13) Total percentage holding of issued class following this notification

16.44%

14) Any additional information



15) Name of contact and telephone number for queries

DAVID HUTCHINS, DIRECTOR, RESOURCES INVESTMENT TRUST PLC -
020 7332 2070

16) Name and signature of authorised company official responsible for
making this notification

DAVID HUTCHINS, DIRECTOR


Date of notification 9 JANUARY 2004


This information is provided by RNS
The company news service from the London Stock Exchange
END

HOLUKSSRSRRARAR

[tuffbet] 06/1/2004 17:02

bionicdog

I agree that the prime reason for buying any Investment Trust is that you believe the NAV will increase but that doesn't do you any good as a shareholder if the discount widens . In theory as the NAV increases and a Sector becomes popular any Discount should narrow because the supply\demand balance in respect of the shares is changing . Thats why Technology trusts were trading at or near NAV and some at premiums during the Technology boom why Japanese Investment Trusts traded often at premiums during their bull market and why one or two very well run ITs consistently trade at NAV or even at premiums to NAV

One of the main reasons to buy an Investment Trust rather than an OEIC or a Unit Trust is the potential to make profits from both the underlying assets increasing in value and the discount narrowing otherewise you would be as well buying the OEICS and Unit Trusts.

The reason I asked the question was that what normally happens has not yet happene - maybe I am too impatient. Although I accept your point that the discount is not as wide as it has been it is still much wider than one would expect in the current situation what with commodity and mining shares rising strongly ( see for example GOL today )

I thank you for your reply but the situation still puzzles me. It will be interesting to see how this works out, my bet is the discount will be down to 10% before long unless there is a reason for the current rating of which I am not aware.

[bionicdog] 06/1/2004 16:33

it used to show a 34% discount , so 23.4% isn't so bad.
i wouldn't buy these in the hope that the discount to NAV would narrow , just from the point of view that the various companies held will do well in the current climate.

[tuffbet] 06/1/2004 15:43

With the world economies clearly now in a recovery phase the demand for commodities is increasing rapidly - in fact I understand there are already supply demand bottlenecks.

One of the signs that a Sector has been out of favour is a shortage of Collective funds (if they think they can't sell them they won't launch them and vice versa ) and there are indeed very few options available now for investors who want to increase exposure to the Sector

This supply demand imbalance in fund availability should in time ,lead to a positive double whammie for investors in the sector because not only should the NAV increase to reflect any increase in the value of the underlying assets but demand should begin to narrow any discount.

As clearly illustrated in the graphs on www.trustnet.co.uk ( how do you put in a clickable link ?)while the NAV is, as one would expect rising nicely - 133.84p today, the discount has not narrowed. It is around 25% on todays prices whereas I would have expected something like 10% or less (see Mercury World Mining).

There are two possibilities. Either the dicount represents an anomoly and therefore an opportunity or there is a good reason why the discount is so wide .

I know that there are many many occassions where anomolies exist and you see them ,you hesitate because you like the comfort of investing when others seem to confirm your view and do the same whereas in practice you should do just the opposite ie buy the opportunity and wait for others to follow.

I have already bought and am prepared to be patient but because I see the manufacturing figures from the States picking up so well and big resource users like China and India pushing up GDP numbers I want some more investment in Commodities .

Does anyone on this thread have a view on why the discount has, so far, stayed so stubbornly wide. ?

[bionicdog] 06/1/2004 11:35

not as much as i figured , but 133.84p still isn't bad.
still represents only 76.6% of NAV.

[bionicdog] 02/12/2003 12:14

that's quite a jump up to a nav of 125.39p today.

[karzy] 19/11/2003 12:59

NAV 125p up 3p, share price now 94p, 75% discount.

[karzy] 19/11/2003 03:53

Put a bid in to buy Olympus back at 64c, got

[karzy] 15/11/2003 22:51

Minesite has run story on Olympus

[karzy] 14/11/2003 19:01

Some of their portfolio keeps producing little gems, Jubilee platinum early in the week Ivernia west tonight, Olympus mining last week to mention a few.