Share Name Share Symbol Market Type Share ISIN Share Description
Value and Income LSE:VIN London Ordinary Share GB0008484718 ORD 10P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +2.00p +0.76% 266.00p 265.00p 267.00p - - - 7,520 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 10.1 4.8 9.9 26.8 121.28

Value and Income Share Discussion Threads

Showing 51 to 75 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
26/7/2018
06:33
Apologies @strathroyal, meant LWDB - will edit
spectoacc
25/7/2018
18:19
Specto - LWB comes up as Low & Bonar, presumably that's not who you mean?
strathroyal
25/7/2018
15:02
@shalder - was the d buying that made me look again in truth. Obviously keen. Think the winding up was something like 2027? Trust should look very different then with both the 2021 & 2026 debentures done with.
spectoacc
25/7/2018
14:23
There is persistent substantial buying activity by Matthew Oakeshott & connected vehicles. There is also I believe provision for future windup of the trust which would realise the value in the big price discount to nav. I wonder whether the two things are in any way related?
shalder
25/7/2018
13:06
@strathroyal - I don't disagree with you, there's certainly an argument for holding a prop co (eg SHED, RGL, WHR) & a ftse250 tracker (or picking own shares) instead of VIN. I reckon you'd get a better yield , & more equity success, at lower cost. At least the likes of BTEM pick such esoteric holdings that there's no danger of being a tracker. VIN will get more interesting when the debentures are cleared - they justify the (historic) 9% cost by pointing out they make c.11% pa in property, but that includes capital growth and they're buying stuff on 6-7% yields now. There's not a lot of room for when the market drops 20% (as both property markets, and equity markets, always do at some point). LWDB is another I hold that's similar - part stock-picking IT, part completely separate professional services business. But unless the stock picking is a success, what's the point? Discount, I guess, is the answer.
spectoacc
25/7/2018
12:09
I'm also a holder but have a less positive view. They are a fairly unique IT in view of their large property holding which underpins a reasonable dividend hence my involvement but I have been disappointed with their equity holdings. I notice that at the last update NAV (03/07/18) was 1p below that at the beginning of August last year, no doubt due in part to the two shares you refer to. I also like to use my IT holdings as masterfunds and invest in their holdings as well as the IT itself. For example I hold NAS and have either held or hold BQE, OIG, BBB, EFK. Another example would be BTEM where I hold or have held JPEL, PSH and RSE. I have not been able to find similar investments via VIN and intend to sell when I'm in profit (around 280p).
strathroyal
25/7/2018
11:49
I admit it's a while since I looked in depth at these, but remain a holder. They sold out of CLLN for a big hit (c.-44% I think) but avoided a 100% loss. Sadly they weren't so sharp on Conviviality, where they did lose 100%. They try to be fully invested in income-producing shares. Nothing wrong with that, but they clearly over-trade - JLIF was sold well before the bid for eg. The 2021 & 2026 debentures need to mature to lower the debt costs. Otherwise, remain a fan of VIN.
spectoacc
04/4/2018
16:54
1m shares held in Conviviality and 1m shares in Carillion, albeit the latter sold before the final demise, I believe ?
coolen
04/4/2018
14:41
What explains the falling share price especially the 4.6% drop so far today? Anyone know, please?
asmodeus
15/1/2018
15:58
31 Dec NAV Ordinary share (debt at Fair Value) 328.66p
davebowler
19/12/2017
20:06
45,549,975 - total shares As of march year end Matthew Oakeshott 4,116,043 Matthew Oakeshott – Family 2,546,042 Purchases so far this year since march 800k total 7,462,085 so 16.36% of the company.
mozy123
19/12/2017
18:02
@Mozy123 - see HTTPS://www.sharesmagazine.co.uk/shares/share/VIN/director-deals
speedsgh
19/12/2017
17:14
Anyone have upto date holdings of Angela Lascelles and Matthew Oakeshott as a % of the entire share capital?
mozy123
19/12/2017
13:14
NAV 30 Nov 320.9p
davebowler
25/8/2017
16:06
Still a big fan of this slow burner, directors got skin in the game.
spectoacc
25/8/2017
14:40
NAV 31 Jul Ordinary share (debt at Fair Value) (pence): 320.97p
davebowler
28/6/2016
14:26
Another 100k purchase, this time 233.
spectoacc
08/6/2016
12:38
The sizes are getting smaller, but I can't recall a bigger flurry of d buying on an IT before - another just reported, at 241.
spectoacc
08/6/2016
08:20
Been in these a while in a small way, and been disappointed with them, but disappointment finally turned to hope! Have followed the directors in, though paid higher. Good to see them finally looking to address the discount. I reckon the move to qtly divis will help too - high-yielding qtly payers attract more interest & in some cases trade at or above par (wouldn't expect that from VIN due to property exposure, but still - the days of 20-25% discount are hopefully over). 29 years of divi increase, with more to come.
spectoacc
06/6/2016
13:40
Indeed Topvest...I too recently added to an already overweight position. Decent perforance, managers heavily invested personally, high and rising dividend, big discount and an exit at NAV in 10 years if desired....what's not to like?
konkel
03/6/2016
13:15
Bought a few more today. Results very positive and everyone seems to have missed the cash back option, albeit a few years off. High quality with a 5% yield. Boring but very nice.
topvest
05/3/2015
21:12
Agree with your words of wisdom there Topvest. Am a holder. Have been forever.
coolen
05/3/2015
20:29
This week's news of increased borrowings to "fund future property acquisitions" may not appeal to those investors who would prefer a pure investment trust with liquid holdings. Hence, perhaps, the hefty discount.
coolen
05/3/2015
20:26
It's always been on a big discount. A very well run trust though. One of those "hold forever" stocks. Never one to worry about.
topvest
05/3/2015
18:48
Long time since I was involved in this. It may have changed since, but their long term debt was at what would be considered a high interest rate in todays climate. Used to be considered a bit of a 'poison pill' wrt any takeover etc. I believe the substantial interest Oakshott & Lascelles have in this suggests it is their pension.
pvb
Chat Pages: 3  2  1
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