Troy Income & Growth Share Discussion Threads

[cynicalsteve] 09/11/2023 10:09

Discount now over 7% and that's with the prospect of future corporate action. Tempted to buy.

[cynicalsteve] 03/11/2023 19:11

The problem for Troy is that their discount control policy is slowly cannibalising TGIT. They have been buying shares for several months but they are buying at a very small discount so the NAV of the remaining shares is only slightly increased by the purchases but Troy's fees are reduced and the trusts percentage costs increase as its size decreases. If the trust started trading at a premium to NAV and Troy was able to issue new shares all these problems would go away but that looks very unlikely. Merger with STS Global Income looks like the only solution.

[topvest] 03/11/2023 16:46

Possible scheme of reconstruction - could be Personal Assets Trust or STS Global Income & Growth if they want to keep Troy. The latter is probably more logical in my view. Might be another trust giving up on the UK.

[steve3sandal] 27/9/2021 13:53

Desperate performance and comparables with Ftse All Share, Edinburgh, Finsbury G&I since Jan 20. Not yet reached pre Covid highs. Dividend cut. Bit of a struggle to get back to zero discount despite regular buybacks. I do like the portfolio and I have bought quite a few today. Added to my Emergency Ward of UK shares in need of ICU interest levels. Hopefully things can't get any worse and I've bought well.

[pugugly] 15/2/2020 11:26

updated link
&


Pushed in Daily Mail today

[plasybryn] 18/12/2013 17:50

Suppose to be a safe pair of hands in a storm. Bit like PNL which has suffered this year. Might do better next year if we get a correction.
If you are looking for income, have a look at SDV or even BAF.
Or individual shares, TEP, SUS or GVC.
DYOR please.

[garwatts] 18/12/2013 17:24

Having held these for 14 years I don't share their enthusiasm.
22nd out of 23 over the last year abd 20th out of 22 over 3years.
if I wasn't an eternal optimist they would have been sold long ago. I'm still underwater on them. and yes I do know that they are under new management but......

[plasybryn] 18/12/2013 16:08

Ex dividend 2nd January ?

[plasybryn] 18/12/2013 16:07

Getting its mojo back?

[flips] 26/3/2012 11:48

A very good interview by Merryn Somerset Webb with the manager of this investment trust in current Moneyweek. Well worth a read. Summary: "A good bet for a steady long-term income." NAI DYOR.

[plasybryn] 12/1/2012 08:03

Still performing pretty well. Nice rising trend. Higher highs and higher lows.

[plasybryn] 06/5/2011 15:38

I'm not a chartist, but the chart looks pretty solid.

[topvest] 17/2/2011 08:29

Bought a few today - this company has a very good investment manager and has good prospects in my view. Not cheap, but quality never is.

[plasybryn] 02/3/2010 10:23

Thanks GeoSci. Bought a few more today!

[geosci] 02/3/2010 10:19

Should be around 8/4 but it hasn't been announced as yet

[plasybryn] 02/3/2010 10:08

Anyone know when this goes EX Dividend?

[plasybryn] 28/1/2010 15:48

Thanks Geosci for setting it up under the amended EPIC. For info. other income Trusts include European Assets Trust (EAT), Shires Income (SHRS) and Shires Smaller Cos.(SHD)

[geosci] 28/1/2010 13:25

Following the name change from Glasgow income trust, Troy Income and Growth Trust is now trading on epic TIGT.

This trust is run by Francis Brooke and looks to conserve and grow capital while yielding a reasinable divi of c4.5%.

'Troy Income & Growth Trust

Troy Asset Management Limited was appointed as Manager of Troy Income & Growth (formerly Glasgow Income Trust) on 1st August 2009. This investment trust specialises in generating income and is predominantly invested in UK equities. It is managed by Francis Brooke who also manages the Trojan Income Fun'

Link to Troy Asset Management :

Daily find factsheet :

Largest Holdings at 27/1/2010

HSBC 4.7
Royal Dutch Shell 'B' 4.4
BP 4.3
Vodafone 4.2
Centrica 3.9
Whitbread 3.9
Diageo 3.5
National Grid 3.3
Provident Financial 3.2
Tesco 3.2

In short, a decent longterm hold, run by a fundmanager committed to capital preservation. It'll never set the world on fire, but under Brooks's management it should be less volatile than under it's former managers.

Discount to NAV is minimised by the use of share buy-backs.

Alternatives to this are EDIN.L run by Neil Woodford which seeks to beat the ASX, low volatility and good yield.

Geosci