Temple Bar Investment Share Discussion Threads

[poikka] 03/9/2020 16:53

I very much expect the divi to be reduced and expect to hear when they issue the results and update. Still, ain't got much here.

[essentialinvestor] 03/9/2020 16:18

Quite incredible what's happened here.

What possessed AM to have that extraordinary overweight holding in CPI.

Flagged this up here last year as it struck me as potentially high risk.

Tbf that was before COVID which added an adverse multiplier effect,
however still think CPI would have disappointed.

Surprised they are not going down the EDIN type route.

[bluemango] 03/9/2020 10:36

Q2 dividend maintained at 11p, payable end of this month.

[vraic] 02/9/2020 17:28

Looked again at annual report , Chairman Statement
worth a look as board has changed and Copple , been on board since 2011,
had planned to step down.

Need to know direction of this trust

[vacendak] 02/9/2020 14:29

Witan Pacific has gone through a similar situation of late: Poor performance, mandate review... and then one day, an RNS announced the trust was being handed to Baillie Gifford for a new Growth/China only investment trust. The only previous announcement had been around the end of last year when the Board had indicated its displeasure and given one year before liquidating and exiting at NAV if the performance did not improve against the benchmark.

While I will likely stay with Baillie Gifford when WPC is transfered, the shareholders were only told of the changes as "fait accompli". Sure we can try to vote the proposal down, but the whole thing has already been arranged with the institutional shareholders, so basically a perfunctory vote.

TMPL is different in the sense that, even if you do not know what is going on, at least you know that something is going on! :)

That being said, while the whole process is going through, the Witan Pacific managers have not been making any drastic changes. It is indeed odd that TMPL would take on "new challenges" prior to a change of mandate... unless they already know they will keep the reins after all.

[poikka] 02/9/2020 13:19

The July Fact sheet's looking a bit better, but really heavy bets in the past - Capita 8% or whatever, RR, EZJ, very hopeful!

[poikka] 02/9/2020 13:12

So they're delaying the Interims so that they can publish them along with the review. Got to say that there have been some highly unusual investment decisions recently - akin to gambling, I'd say.

[jfinvestments] 01/9/2020 20:11

Currently -13% discount. Not that appealing above -15. I expect this to be below £7 once again shortly. I'll consider buying below 7 as I did in August, still think it is a longer term hold with some interesting recent buys as mentioned before.

[jfinvestments] 28/8/2020 21:36

For most investors it will be a long, long term hold. It's a tough one to look at on the spreadsheet. The last update from the 'managers' is an interesting read, UK construction, travel recovery and economic recovery. A few interesting buys Bayer, Twitter and American Express. But it's clear that they are holding out for the long term. 5 year minimum I would say or Covid vaccine.

[vraic] 28/8/2020 16:37

Who will manage this Trust next ??

Case of long term hold or cut a large loss.

[chc15] 28/8/2020 16:07

Volumes and NAV anaysis, seems certain it was offloaded. Let's see on their next portfolio update.

[poikka] 28/8/2020 15:19

I thought that you were referring a TMPL report.

Ok, so how do you know that TMPL sold all their Grafton, as their website refers to the most recent Factsheet as being June, where Grafton still featured?

[chc15] 28/8/2020 13:46

Graftons half yearly report yesterday..

[poikka] 28/8/2020 13:36

Have you got a link to it?

[poikka] 28/8/2020 13:35

I don't understand, what half-yearly report?

[chc15] 27/8/2020 10:52

Grafton is up big today, but this hasn't, I have a bad feeling these muppets have sold the grafton holding before today..

[chc15] 26/8/2020 13:10

Ignore those trades, means nothing. Yes update is due now..

[vraic] 25/8/2020 15:45

25,000 AT 7.35
25,000 AT 7.30
Traded earlier today
Need that update from Directors

[noiseboy] 14/8/2020 14:58

Yep agreed .. getting pretty boring now

[chc15] 14/8/2020 14:47

They still evaluating the new mgr submissions, hopefully soon.

[vraic] 14/8/2020 14:26

Mundy left 17/4
Notice served 20/4
Deadline 30/6

Need an update from Directors on the future of TMPL

[chc15] 03/8/2020 08:34

On a large discount now, topped up here.

[vacendak] 14/6/2020 20:01

Well, that definitely puts TMPL out of my watchlist.
I was tempted to buy the dip and give Mundy the benefit of the doubt. Glad I did not do so.

Sustainable value and climate change is too much of a niche, a niche which of course is more than likely associated with Millenials. Millenials when they invest go for ETFs not investment trusts.

I bet there is already quite a plethora of ETFS with "Green", "Fair Trade" and avocado flavoured names. Why refocus this trust with this new mandate is beyond me.

All the ITs I hold now have the perfunctory couple of pages about ESG in their AR, but so far have not dumped, or rushed into, any stock with regards to the matter.

Me? I am getting old. Give me big oil, tobacco and weapon manufacturers any time. Wind farms and batteries will surely kill the 2.0 litre diesel engine, but they will not make plastics. As for the other two, sin and war are here to stay.

[chc15] 09/6/2020 12:21

New search for a manager, although now it has sustainable value and climate change mandate??