Royal London Uk Equity Trust Share Discussion Threads

[skyship] 02/4/2004 12:51

RAM - sorry to interrupt (!), but the chart to which you refer was posted from the GTMP Fundata Sheet. There is no such sheet for RLU, so unable to post it across.

[currypasty] 02/4/2004 08:05

ram, no , sorry

3.5 on the BID, highest for a couple of years

[rambutan2] 05/3/2004 14:38

curry, if you look at the gtmp thread there is a really good graph which shows share price v nav. do you know how to do similar for this one?

[currypasty] 05/3/2004 14:35

and for anyone new to RLU, they do have some serious blue chip holdings...


BP Ord USD0.25 4.30
Vodafone Group Ord USD0.10 4.01
HSBC Holdings Ord USD0.50 3.73
GlaxoSmithKline Ord GBP0.25 3.54
Halifax Non-cum Pref 2.81
Abbey National 8.625% Gross Non-cum Pref GBP1.00 1.73
Barclays plc Ord GBP0.25 1.65
Shell Transport & Trading Ord GBP0.25 1.62
AstraZeneca Ord GBP0.25 1.62
Royal Bank of Scotland Group Ord GBP0.25 1.56

[rambutan2] 05/3/2004 14:33

was looking on splitsonline, where im sure it was marked as into the 9ps. whatever, will get there in this mkt.

[currypasty] 05/3/2004 14:30

thanks for reminding me ram, on rlu, still a way to go yet though !!

RNS Number:1361W
Royal London UK Eqty&Income Tst PLC
04 March 2004

ROYAL LONDON UK EQUITY & INCOME TRUST PLC (the "Company")

As at close of business on 29 February 2004, the Net Asset Value ("NAV") per
share class of

the Company was as follows:



NAV per Ordinary Share = 8.60 pence

NAV per Annuity Share = 88.09 pence*

[currypasty] 25/2/2004 13:26

FTSE 100 a good chunk
The whole attraction is they are very sensitive to the market, due to their setup, and leverage. If the FTSE hits 5k for example rlu should be a multiple of todays price.
It is like a bet on the whole market performing. If it stays at this level, you lose half your money on the spread, if it motors through 5k, they could be a 10 bagger.

Unfortunately, the MM's also know this, and are keeping hold of them, even though one MM has millions of shares 'in stock'.

also notworthy is the fact that it was the city gents, and institutions that all paid a quid a share, not so long ago!

[opthalmist] 25/2/2004 13:06

NAV seems very volatile - what are they investing in?

[currypasty] 24/2/2004 16:01

thats better..

NAV per Ordinary Share = 8.78 pence

NAV per Annuity Share = 88.09 pence*

*Includes accrued dividends of 13.085 pence in respect of the year ended 31
August 2003

[currypasty] 11/2/2004 13:47

big drop back in NAV...shame !

RNS Number:2882V
Royal London UK Eqty&Income Tst PLC
11 February 2004

ROYAL LONDON UK EQUITY & INCOME TRUST PLC (the "Company")

As at close of business on 6 February 2004, the Net Asset Value ("NAV") per
share class of

the Company was as follows:



NAV per Ordinary Share = 6.91 pence

NAV per Annuity Share = 88.09 pence*

*Includes accrued dividends of 13.085 pence in respect of the year ended 31
August 2003

[rambutan2] 22/1/2004 20:18

yes, greedy sods (them, not us!). but does show some confidence by them i spose.

[currypasty] 22/1/2004 19:16

Id buy some more myself at 3p, but I cant see ABN reducing the ASK, they are probably playing the waiting game, like us !!


"03 November 2003

London Stock Exchange Regulatory Announcement
Publication of Market Maker Holding under Rule 2302
Name of company: Royal London UK Eqty & Inc Trust Plc
Relevant security: Ord 1p
Member firm: ABN Amro Equities (UK) Limited
Percentage holding: 9.98%
As at close of business on: 03rd November 2003

[rambutan2] 22/1/2004 19:12

well if they offered them at 3p they might shift some more.

[currypasty] 22/1/2004 19:05

200k, and MM increased his spread back to 2.5... looks like they are not keen on buying yet, probably still got a shedload to sell yet.

[rambutan2] 16/1/2004 16:27

hi curry, cant say im a great counter of reported trades, too often they dont add up especially on the splits. however, will assume they mostly, if not all, went to trafalgar. re the cfds, i think it might be something to do with the bulk of the shares being held in a hedge fund. have come across similar before.

[currypasty] 16/1/2004 15:44

ram, I was going to ask, if you were about, if you made head or tail of the number of shares in the RNS, to the number reported on the recent trades pages. Also what do you make of the 8.2m CFD trade ?

[rambutan2] 16/1/2004 15:42

not being one to crow, but looks as though (see rns) it was trafalgar who were topping up. a good sign as they headed by a top it insider.

[currypasty] 14/1/2004 13:03

2 * 1.5 mil trades at 4.5p

[currypasty] 12/1/2004 15:38

Things are looking up, MM ABN has just reduced his spread by another 0.5p, to 2p, so unless things change again, the maximum spread will now be 2p, with the other MM's if they are competing for business reducing the overall spread further.

[currypasty] 12/1/2004 09:02

Another positive step today ...

The market maker ABN has reduced his spread to 2.5p, from 3p. I know it is still very wide, but ABN trades is 25k's, whilst the other two only deal 10k's.

[currypasty] 10/1/2004 13:57

As the price goes up, the spread % reduces. Most of the trades I have seen, and Ive been watching daily for nearly a year, are within the spread. all the shares I have bought have been inside the spread too, and thats with run of the mill TD waterhouse.
To make money on RLU, you have to hope that the management are now in full control (I think they are), and that the FTSE is going to continue to improve over the medium term (again I feel it will).
Although the gearing is somewhat less now, it could still give a nice jump in NAV, with ftse adding another couple hundred.
Another point is that there cant be much profit taking on any rise, as the issue price was a quid, and I think they went more to institutions than private retail market. There could be some selling end march to realise CGT losses, as this year many will be looking at capital gains on other stock, with improvement in the markets.

[guru11] 10/1/2004 12:50

The net asset value has gone up from 8.5p to 9.55p since 31/12/03 too 7/01/04, but the spread 3.00p / 5.50p, is not good. How many shares could one buy before the MM charged outside the spread price as well? If the asset value keeps going so will the share price but it would take a while to cover the spread.

[currypasty] 09/1/2004 15:19

and another tick up, cant wait for the next NAV calculation, has to be over 10p by now!