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Share Name Share Symbol Market Type Share ISIN Share Description
Value And Income Trust Plc 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
  -2.00 -1.06% 186.50 182.00 191.00 191.00 186.50 191.00 32,436 16:35:28
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 10.5 5.2 10.9 17.1 85

Value And Income Share Discussion Threads

Showing 151 to 175 of 225 messages
Chat Pages: 9  8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
15/8/2020
13:01
Yes, a very interesting read in the Annual Report. The share portfolio at £90m looks defensively positioned. The £70m property portfolio looks OK, but they are not being as open as some on 1. Rent collection and 2. The impact of insolvencies. Adelie Foods (8% of rent) has already gone into administration and is not carrying on trading per the administrators proposals. Stonegate Pubs (16% of rental income) is the highest risk as Tenpin (9%) has done an equity raise. It's definitely significant that James Ferguson, John Kay and Dominic Neary have made meaningful share purchases though since the results. They are high quality directors. I am tempted to Add. Might wait for the September property valuation first though!
topvest
01/8/2020
10:34
I wish you the best of luck then. They talk about Long Leases with inflation linking. They either know something we don't about the property market post Covid, or they are whistling in the wind. Personally and in my opinion, I don't believe them.
charlesdb
01/8/2020
10:34
I wish you the best of luck then. They talk about Long Leases with inflation linking. They either know something we don't about the property market post Covid, or they are whistling in the wind. Personally and in my opinion, I don't believe them.
charlesdb
31/7/2020
11:41
Annual report an interesting read. Income down around 35% on the combined portfolios but next year there will be a cash flow boost of around 900 k per annum the the March Debenture refinancing. Dividends don't look to be in danger at the moment. Solid hold for me.
ygor705
10/7/2020
15:54
Yet to change view from Post 111 - if anything, it's getting more murky. Everything has a price but VIN isn't at mine yet.
spectoacc
10/7/2020
12:07
This Trust is bad news. I have been a long term holder and I thought it would be a forever holding producing a regular stream of income; but the borrowings and propery portfolio have been badly injured by Covid, we've yet to see how badly. I always liked the fact that the people who ran this trust had "skin in the game". The fact that the AGM has been postponed and that there is no interim news ie what % of rent has been paid on the property front is a warning sign. I've bailed out. Times are changing and the entire portfolio strategy needs reviewing.
charlesdb
05/7/2020
20:14
There is an old adage "it takes longer to add up bad figures than good ones". We will see....
asmodeus
05/7/2020
12:44
No problem. If I ever need to know anything about my investments such as dividends or when the next trading update is I usually e-mail the company directly. Most people reply fairly promptly.
welloiledbeefhooked
05/7/2020
12:33
Thanks for sharing the information!
ceaserxzy
05/7/2020
11:54
I wrote to OLIM investment managers who run Value and Income last Tuesday regarding this. Just over ten minutes later I received this reply. Dear Mr Thank you for your enquiry regarding Value & Income Trust which has been passed to me. As you may have noticed the annual results and report have been delayed this year. This in turn is likely to delay the payment of the final dividend. This is in part due to the difficulties of conducting an audit at the present time and in part due to the fact the auditor is new this year, which has resulted in a number of extra due diligence checks. I’m afraid I can’t give you an exact date for publication but they shouldn’t be too much longer. Details of the dividend’s XD and payment dates will be contained in the announcement. Regards Patrick Harrington Managing Director +44 20 7367 5660 OLIM Investment Managers
welloiledbeefhooked
05/7/2020
11:01
It's paid at the end of July not June. Well it was last year...
mbu69
05/7/2020
10:19
Has this trust stopped paying the June quarter dividend? There is no news about either the dividend cancellation or a dividend declaration which was due in June.
ceaserxzy
15/5/2020
06:36
it is very highly geared. According to Morningstar, its gross asset is over £185 m and Net asset is about £104 m. And its debt is charged at about 10% until about 2026. SO the risk is very high here with the covid uncertainty.
ceaserxzy
14/5/2020
18:28
Don't disagree, but everything has a price. How the equity portfolio performs may be key. Hasn't always been impressive.
spectoacc
14/5/2020
16:01
I think this one is dangerous atm. There is a bunch of secondary property financed with very expensive long term debt. Take away a chunk of the income from tenants (see recent data from LAND and BLND among others) and things could go pear sahped rather quickly in terms of ability to pay the divivend, even before you consider what is happening to real world nav/share. All imo.
shalder
14/5/2020
13:46
Interesting chart if it can't hold here - not the only one I'm watching in that situation.
spectoacc
06/5/2020
08:12
NAV up a bit...with the caveat of course. Added a few.
konkel
05/5/2020
10:31
Thanks @strathroyal. Concern with the revaluations is that they're all basically a nonsense, a few %, and covered by the "material uncertainty" clause. Agree want it lower first.
spectoacc
04/5/2020
19:10
Specto - In total, 11 pubs/restaurants, 4 bingo halls/ bowling alley, caravan park, add to that the 4 props bought in the second half of the year had an uplift of 5.2% in their valuation and it looks poor in the short term. I was heavily into these and sold (at a considerable loss) in the 190s but would consider going back in but need to see the revaluation first as that may give an indication of how much of the dividend will have to go.
strathroyal
04/5/2020
17:24
With rent down and huge interest on the loans borrowed against the property portfolio, the downside looks big. The question is how big which the next update may shed some light on. one to avoid at them moment.
ceaserxzy
04/5/2020
16:52
Probably inevitable that VIN would receive a bit of a hammering on the back of its property portfolio. With a spread of mainly large cap equity holdings, I would expect the overall equity portfolio to be down between 20 and 25%. As there is no so-called 'gating' applicable to investment trusts it is the share price that has to take the strain of any rush to the property exit door. IMO this means that the share price (wherever it does end up) will over compensate for the problems. One to keep an eye on.
ygor705
04/5/2020
13:17
Can't format copy/pasting the property Top 10 but 13% of it is a Dover Caravan Park. 4 good industrial assets, 2 leisure, 3 pubs, make up the rest.
spectoacc
04/5/2020
13:09
The next month end asset update, due any day now, should show the property values as at 31/03/20 so presumably NAV is going to be lower by some margin than last month's figure.
strathroyal
04/5/2020
11:26
Hmm that didn't last. Been sellers at 155p today, any reason? Edit - the Factsheet is a laugh. Property revaluation was indeed 31st March - and revalued very marginally upwards! With, of course, the material uncertainty clause. I think I can tell them with material certainty that property values haven't gone up with Covid. Rent collection for the qtr end 89%, brilliant. Until the end of the sentence: "...Or a payment plan agreed". So isn't comparing like with like vs others. Gets even better on the equity side. Detractors from performance were indeed CINE, RTN, & MARS, tho they sold CINE (-23%, good call) & RTN (-76%, gulp), & MARS now looks none too clever. But the winners strewth - DVO +6%, PNN +6%, and ULVR -2%. When you have to include negative performers in your best performers, you're in trouble. All topped by: "Towards the end of the month we made modest purchases of well financed businesses....including....Royal Dutch Shell". I'm agnostic on VIN - everything has a price - but not convinced this is low enough yet.
spectoacc
09/4/2020
07:20
Certainly had a bounce. Tho isn't alone.
spectoacc
Chat Pages: 9  8  7  6  5  4  3  2  1
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