The Trust industry is experiencing lots of combinations. STS and TIGT seem a perfect fit. Don't hold either but will revisit STS when its larger. |
Indeed Troy track record also good during GFC which I think helped Seb win the PNL mandate. I've about 10% between STS and TIGT. Short term performance moderate but over time investing in 20% ROC companies will probably work out OK. |
Hi Steve, it surprises me how quiet many of the boards are, has there been an apocalypse and we didn't notice?
I'm currently an investor in another Troy fund PNL, its mix of Tech/Consumer/Medical equities plus gold and TIPs was perfect during Brexit, the pandemic and the Ukraine war. Now I'm less keen on Troy funds because I worry their equity portfolios might be TOO concentrated, both by number of stocks held and sectors they invest in. I also remember that they bought tobacco stocks all the way up but held them most of the way down, I fear they will do the same with tech companies. The STS portfolio is more diverse, with less tech, so it's one I'm keeping an eye on, waiting for an entry point. |
The quietest board. If anyone knows how to change the title to.. Say... Secs Trust Scotland.. It might attract some interest. This is one of my top 10 attracted by the portfolio and obviously Troy. |
Now above pre-pandemic highs. One for the patient investors! |
Yes up finally, the portfolio looks good, but price hasn't really moved up enough. Maybe Troy will help, but I'm not sure. |
Delighted as it's gone up a bit! You are not totally alone..... but it is rather quiet on here. |
Well Troy it is, happy anyone? |
Doing well, at premium, any thoughts |
Seems to be ticking up v slowly, any thoughts out there.. |
Just bought into this, decent performance this year, so hope it recovers... |
Now 193.5, so improving. |
I have been accumulating a few of these lately. I have been looking to diversify out of the British stock market because of the twin threats of Brexit and Jeremy Corbyn and this fits the bill nicely. Only 15% of the portfolio is in Britain. This is also the only decent trust in the global equity income sector which is at a significant discount. I also think that a value investing approach to stock markets might do well in the next few years after a long period of underperformance. |
A year ago these were £1.68. Today they are £1.68.
Last 4 dividends 6.1p. Yield 3.6%
A bit more than an instant access deposit account but one expects better. |
New Edison research note...
Growth and income from a concentrated portfolio - |
New Edison research note...
Growth and income from a concentrated portfolio -
Have added to header. |
NEW INTERVIEW...
Executive Interview: Securities Trust of Scotland -
Securities Trust of Scotland (STS) seeks a combination of rising income and long-term capital growth from a concentrated (currently 46 stocks) global portfolio of mainly larger companies. Stocks are chosen for attributes including yield and dividend growth, financial strength and valuation. Recently the shares have moved to a discount to NAV, but a new policy to enhance the yield, together with the potential for better underlying performance, could see the shares re-rate to a level closer to peers.
In this interview, the portfolio manager, Alan Porter, explains the rationale for recent additions to the portfolio and the change in the dividend policy. |
New thread here - |
Paying some of the dividend out of capital sounds a little too cannibalistic for me. |
STS website -
STS dividend history -
Financial Results to 31 March 2015 -
Mentioned here (12/6/15) -
Edison research note (Nov 2014) -
NEW Executive Interview: Securities Trust of Scotland (Jun 2015) -
Portfolio manager, Alan Porter, explains the rationale for recent additions to the portfolio and the change in the dividend policy.
NEW Edison research note (Jun 2015) - |
NEW INTERVIEW...
Executive Interview: Securities Trust of Scotland -
Securities Trust of Scotland (STS) seeks a combination of rising income and long-term capital growth from a concentrated (currently 46 stocks) global portfolio of mainly larger companies. Stocks are chosen for attributes including yield and dividend growth, financial strength and valuation. Recently the shares have moved to a discount to NAV, but a new policy to enhance the yield, together with the potential for better underlying performance, could see the shares re-rate to a level closer to peers.
In this interview, the portfolio manager, Alan Porter, explains the rationale for recent additions to the portfolio and the change in the dividend policy. |
STS website -
STS dividend history -
Financial Results to 31 March 2015 -
Mentioned here today -
Most recent Edison research note (Nov 2014) - |
STS is showing as "unknown stock" in my ADVFN portfolio.
WHY, as it is still quoted in my monitor and intra day chart? |
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