Svm Global Share Discussion Threads

[jaws6] 25/3/2013 16:17

all passed today so we wait for news

[topvest] 02/3/2013 16:10

Interesting - circular here

[damanko] 02/3/2013 10:17

Hello Ed - we meet again, seems Henderson is being given a bash at running this:

SVM Global Fund plc (the "Company")

Posting of circular convening a general meeting

"The Board of Directors of the Company has today published a circular convening
a general meeting to approve the appointment of Henderson Global Investors
("Henderson") as investment manager to the Company and to change the name of
the Company to Henderson Value Trust plc." (01/03/2013)

Have been a holder for over a dozen years, am well in profit, but times have been better, that's for sure. Perhaps this change will be of benefit, only time will tell. Be interesting to see whether the trust's remit will change, or stay broadly the same.

[edwardt] 05/12/2012 16:45

not sure myself - a managed wind down would have been my preferred option.

[topvest] 05/12/2012 15:51

Good news today as looks like we will get a new manager. Looks like SVG as an asset manager are now toast! I do not support a liquidation, but a new manager is a potentially good move and this is an attractive start point for someone to take on a portfolio.

[edwardt] 16/11/2012 09:29

what a calamity, this one should be toast.

[edwardt] 05/11/2012 10:25

i suspect the liquidity of the underlying are not well placed for such a structure.

[vraic] 31/10/2012 07:26

why not make it a unit trust, that will close the discount

[edwardt] 09/10/2012 13:13

another big reduction in NAV - they must be under pressure to wind this up??

[topvest] 10/9/2012 08:10

Yes, value investing in so called "orphan assets" hasn't been a good strategy over the last few years. There is value when the tide turns though!

[edwardt] 10/9/2012 07:43

rather you than me. he was co-manager before- they simply have got it completely wrong to date. kitchen sinking the valuation seems a little harsh to existing investors so that he stands a better chance of turning it around...

[topvest] 07/9/2012 18:22

A surprising announcement today and a tad disappointing. Nevertheless, lets hope Colin Mclean can get his reputation and performance back as sole manager. This is an interesting investment trust and there is some value in the portfolio. Have to wait for it to crystallise though!

[edwardt] 07/9/2012 08:16

what a disgrace this is -what valuation method were they using before the change of policy? finger in the air!

[vraic] 21/1/2011 17:59

Kiwi. I went to the investors meeting 18th Jan in London.Both Colin Mclean and Donald Robertson presented the SVM GLOBAL uptodate picture to the group . I Came away very pleased with the managers presentation, shouldnt be too long before they trade £3 plus. The discount is large with last net asset value
£3.5256.
Winterfloods Investment Trust Team says in their new publication that investment trusts should have a good year in 2011.
SVM GLOBAL is new on the list--a specialist global fund with a "good"long term
performance,managed by Donald Robertson.While recent performance has been disappointing, with underlying discount around 18% last month, Winterfloods sees value here.

dyor

[kiwi2007] 20/1/2011 01:08

Bit far for me to travel unfortunately :o)

Latest video interview available. Always worth listening to.

Fund Manager Interview and Update (January 2011)

[vraic] 22/12/2010 15:32

kiwi The AGM is 30th December in Edinburgh.9am I love it the Scots dont waste time .There is the normal meeting in London for investors on 18 Jan 2011.

[kiwi2007] 22/12/2010 02:17

Well, I do like both managers and have a thing about trusts based in Scotland, especially ones with a hefty discount, so have been building a decent stake over the last month.

[vraic] 21/12/2010 15:12

Annual Report just published,reads well they resumed beating the benchmark.
Still trades at decent discount current NAV £3.4269 shares £2.80.

[joeycooper] 06/10/2009 18:45

performance abismal, due to investing in eastern european mafia controlled busineses

[ukinvestor220] 11/8/2009 09:25

created in error

[kiwi2007] 05/8/2008 07:20

The management seem pretty clued up and their musings are always worth a read whether or not one holds the IT itself.



They hold quite a few BT. and VOD so the fall in NAV isn't too surprising...

Also HBOS are big holders... I wonder whether, given their financial position, they'll continue to sell?

[nil pd] 23/11/2007 09:11

I'm interested, noting it is now trading at a discount to NAV, whereas at the final results they talk about trading at a premium.

Is this ISA-able? Being an Investment Trust I don't see a problem..

[ben gunn] 25/9/2007 14:28

nice one, will now follow it.