Value And Indexed Proper... Share Discussion Threads

[coolen] 24/12/2019 22:38

Wonder if it is an Oakeshott family trust reshuffle ?

[konkel] 24/12/2019 13:25

Wow....I think that's the biggest single trade I've ever seen in this stock!

[konkel] 06/12/2019 14:34

Agreed :-)

[ygor705] 06/12/2019 09:48

Looking at the Hargreaves 10 year charts, the biggest share price discount to NAV has been c.25% and the lowest c.5%. It is difficult to be precise, but I'd estimate the average over that period to be around 17% ie skewed more towards the bigger discount end. The recent refinancing is good news as far as I'm concerned but the timing suggests that VIN are expecting interest rates to go up otherwise why execute so early? VIN is already paying a dividend at a higher rate than its earnings but I don't see any imminent issues on that front. The share price is fairly close to average long term discount at the moment with no particularly good company news in prospect. That said, it will be probably be market performance that drives performance over the next 15 months. Most of the property portfolio is in the secondary retail/commercial which looks less vulnerable to internet interference. I remain happy to hold.

[losos] 10/11/2019 11:26

riskvsreward - Thanks for that, I had not yet got around to looking at what loans they had incurred. It does make a difference.

[riskvsreward] 10/11/2019 10:32

Performance (the lack of it)and fixed term loans at very high interest rates, meaning losing money on those loans as they cannot make a return on it matching its cost, are the reasons for the relatively large discount

[losos] 10/11/2019 09:10

'morning guys & gals :-)

Have been looking at this one for a while now. I used to be in Highcroft when they had a similar property / equity mix but about five years ago they sold off their equity holdings.

Can anyone tell me what the average long term 'discount' has been, seems a tad high at around 20% now.

But, sadly, I've reached that point in life where yield is most important so VIN is worth my thinking about so anything ygor & Specto can add would be appreciated.

[ygor705] 02/9/2019 21:33

SpectoAcc .... apologies, misread on my part. Makes the weak share price even more difficult to explain.

[spectoacc] 31/8/2019 19:59

@ygor705 - I had Oakshott as adding just over 1%? Back in July tho.

[ygor705] 31/8/2019 09:55

Oakeshott has reduced his holding marginally in recent weeks otherwise I can't see any reason for the weakness in the share price

[spectoacc] 28/8/2019 08:29

Might get back in soon at this rate! Why the sharp fall I wonder, other than "the markets"? My sell was small, certainly didn't set that off.

[spectoacc] 15/8/2019 08:13

Wish we knew a little more about the "forced retirements". Have sold half in the meantime, with it having held up better than the market. Might get back in again before the debenture maturity date.

[konkel] 29/7/2019 10:21

ygor705...pretty much as I see it.

[konkel] 29/7/2019 10:21

ygor705...pretty much as I see it.

[ygor705] 26/7/2019 08:34

The share price here seems to have settled down and the discount to net asset value has been on a narrowing trend for some months now. Suspect that the protest vote at the EGM was from the Oakeshott/Lascelles lobby as I haven't noticed mention of any director dissent in the press. The pull to redemption of the big coupon debenture debt is a small positive underlying a well spread portfolio of equities and property. A good dividend yield also helps. One of the directors also bought shares recently so I remain a firm holder here.

[asmodeus] 19/7/2019 20:17

Maybe he's "given up on life and investing" himself, and so thinks this thread ideal, Topvest ?

[topvest] 19/7/2019 18:13

LOL. Not on your buy list then! Why bother posting if this is a thread for losers, as you seem to suggest?

[lopsidedgit1] 19/7/2019 08:27

This is the kind of stock for folks that have given up on investing and on life in general

[spectoacc] 16/7/2019 09:09

Agreed. Pity - quite like VIN.

[topvest] 16/7/2019 08:47

They could start with being open and honest. They obviously haven't been. What was the real reason for the 2 founders being removed? It didn't really add up when it was announced. Lack of trust now in place.

[spectoacc] 16/7/2019 06:45

Agreed, plenty of shares held by the dissenters to call an EGM - Board trying to head it off with that AGM comment about "Taking note".

[topvest] 15/7/2019 17:35

Will there be an EGM sometime soon? Looks a bit like Athelney Trust.

[spectoacc] 15/7/2019 12:23

Good spot, missed that - about a fifth voted against.