Value And Indexed Proper... Share Discussion Threads

[spectoacc] 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.

[konkel] 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?

[topvest] 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.

[coolen] 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.

[topvest] 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.

[pvb] 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.

[cathian] 05/3/2015 15:52

According to the Company, the NAV of Value and Income Trust shares on 28th February was 304p with Debt at fair value. The market price is currently about 250p. What is the reason for such a large discount? Or has the value of the portfolio fallen significantly since the NAV was announced?

[seekerofvalue] 24/11/2014 11:32

The discount to NAV and good yield remains here. Therefore as part of my capital preservation strategy I have been increasing the size of VIN holdings again.

[coolen] 19/6/2013 22:32

If stagflation includes rising interest rates then I guess the market value of its presently high-interest bearing debt will fall.

Thus the present adjusted nav of 270p may move nearer to the 300p nav which is based on debt at par value. As always, I stand to be corrected.

[drewz] 19/6/2013 16:24

How might this one perform in a stagflationary environment over the next couple of years, I wonder, with its mix of property and equities.

[tiger20] 25/1/2013 07:57

Dividend yield over 4% and a discount of 20% discount on NAV should produce a double digit return at year end,put a few into portfolio-interim statement on monday.

[asmodeus] 21/1/2013 17:22

Hear Hear. (Here Here?)

[127tolmers] 21/1/2013 17:14

one for my Sipp, ticks the boxes, performance, yield and discount

[topvest] 23/6/2012 18:05

Great little investment trust here - dull, but if you're looking for a 25 year record of increasing dividends, a c5% yield, low gearing and a 10-20% discount this is an attractive investment. I will look to add more on weakness.

[davebowler] 28/11/2011 11:33

Oakeshott is responsible for the property investment management of the closed-end Value and Income Trust.

In an interview with Fund Strategy, the peer says: "Our best investment ever was a retail warehouse in Northern Ireland outside Belfast that we bought during the Troubles.

"We eventually sold it to Sainsbury's a few years ago [after the province stabilised] and made about six times our money.

"It was burned down a couple of times but what we identified is that the British taxpayer does the insurance."

The peer resigned from frontline politics earlier this year after criticising Project Merlin - the government's roadmap for rescuing the UK banking system.

Oakeshott says: "Ideally, all investment is about buying from the frighteneed and selling to the greeedu.

"We tend to be defensive, but with our average property holding being more than 14 years, we receive good quality income.

"An important aspect is that we have built up a proportion of property which is index-linked, which is now about a third of the property's portfolio.

To read the article in full, click here.

[davebowler] 15/11/2010 16:51

New name is Value and Indexed Property Income

[ashtongray] 20/4/2010 14:46

Discount seems a bit harsh even allowing for the expensive long term debt at around 20% (debt @ fair value). Interesting potential for a bit of a bounce?

[topvest] 12/4/2010 21:13

NAV out today - 228 with debt at par and 214p with debt at fair value. Not as big an uplift as I expected to be honest, but this remains a steady business with good prospects and a nice yield. VT Group offer delivers a chunk of cash to them as well, when that goes through.

[tullynessle] 09/4/2010 11:21

Property revaluation was due to be completed as at 31 March - hopefully the results will be due soon with the month end asset value statement?

[topvest] 22/3/2010 21:42

VT Group offer looks to be good news here for VIN's largest equity investment. Dow Jones announcement indicates 750p offer. See VTG thread.