Strategic Equity Capital Share Discussion Threads

[edwardt] 01/5/2015 10:43

well - nice rebound - all helped by some good updates from underlying..

[edwardt] 16/4/2015 15:34

e2v getting some material broker upgrades - self help kicking in there....

[mw8156] 21/3/2015 14:17

they've invested 2% of the capital in a financial services co likely to benefit from the pension changes in a few years' time; any guesses which? could it be Brooks MacDonald at a wild guess?

[luckymouse] 20/3/2015 13:59

Good entry point - buyers hitting the dip

[edwardt] 19/3/2015 16:18

discounts are invariably an opportunity to add not sell. the manager looks after the nav - he is doing a good job of that . it is our collective wisdom as the market as to whether we bid up or sell the stock. i suspect a few sellers are tax motiviated. either way, discounts have widened out in lots of investment trusts but a good shake down like this will attract more price aware investors. a wide discount therefore is an opportunity not a 'worry'.

[bigwilly1986] 19/3/2015 08:27

Thanks for that Coul. Over 5 years NAV growth of 197 and share price up by 261. Discount has gradually eroded so was just interested in the recent increase. Not sure I agree with "unspectacular" as it's number 5 in the rankings I reckon! Cheers

[coul909] 18/3/2015 10:27

My take on this recent fall is that SEC has previously always been an unspectacular, but steady, Investment Company trading at a small discount to NAV. The unusually large rise from August 2014 to mid January 2015 took it to trading above NAV (20th JAN the NAV was 191 and the share price 201) and the fall back to the 180 area is a re-adjustment to bring it back in line. That said, a fall below 170 on a NAV of 200, would begin to worry me. DYOR.

[bigwilly1986] 17/3/2015 13:49

Maybe just a tree shake!

[peter27] 16/3/2015 15:11

Discount now around 7%.

[bigwilly1986] 16/3/2015 13:31

Anything sinister going on?

[peter27] 20/1/2015 21:14

A rose by any other name!!

[edwardt] 20/1/2015 16:51

think it is called a tap issue not a rights issue.

[peter27] 15/1/2015 11:31

Now they have sold all the shares in Treasury - are we going to see a rights issue??

[edwardt] 19/12/2014 08:56

rit ownership should be good for the long term imo

[edwardt] 08/12/2014 17:59

tip top - time for a tap.

[peter27] 27/11/2014 16:41

Reporting the NAV on a daily basis will certainly make a more active market.

[edwardt] 27/11/2014 14:33

hey ho off to a premium we shall go!

[mad foetus] 19/11/2014 15:13

Edward - you were right, watchlists are no good when it performs so well, you have to be in it to win it. I missed out. Good call.

[edwardt] 19/11/2014 15:10

a fund raise could well be on the cards here. that is some turn around for this trust! congratulations to the management team for sticking to their guns and delivering good performance.

[edwardt] 12/11/2014 11:44

in a sweet spot at the moment. a rare beast in actually being a small cap trust, unlike most of its competition.

[bigwilly1986] 11/11/2014 17:14

Another good day for SEC

[edwardt] 10/11/2014 18:08

discount has come in but buyers remain. E2V announced today inline results but new CEO has outlined a credible plan to double earnings by 2020, a cagr of 15%. this is one of SEC's biggest holdings and is currently on modest valuations.

[ifthecapfits] 07/11/2014 14:02

Discount closed somewhat now.

[edwardt] 05/11/2014 13:17

easy luck mouse - you sound as though you are getting aroused.