Value And Indexed Proper... Share Discussion Threads

[topvest] 18/2/2010 22:20

Yes, good news to VIN. I also hold VT, so a double whammy!

[jhan66] 18/2/2010 10:08

If VT eventually go to Lockheed for 750p, that's 40% increase from last week.

That nets out a little over 4p on VIN asset value.

[jhan66] 17/2/2010 19:09

VT up 20%+ this week & judging by newspaper bid comments there could well be more. If VIN holding is still 7% that should add quite a bit to NAV.

[topvest] 16/11/2009 20:46

Reading the interims more closely;
- Dividend income was down 21%
- Property income was up 5% - impressive given the 4 Woolworth stores
- £800K vat refund

I'm intrigued as to why other operating expenses have doubled to £560k. This looks like some form of abortive transaction cost to me. No mention in the interims as to what this might be! Any ideas?

[topvest] 16/11/2009 20:25

Very robust interims + an unexpected increase in property values. Worth about £2 a share; difficult to believe that you could buy this for a £1 a short while back. It was, with the benefit of hindsight, a bargain!

[topvest] 07/10/2009 21:39

Yes, great value investment trust this one. Bought twice near the bottom and will hold long term for dividend and capital growth.

[jhan66] 07/10/2009 08:22

Steady asset progress, up 50% in six months.
124p, 141p, 145p, 166p, 178p, 191p.
Probably in line with the market. Hope the next six months continues the same way

[topvest] 18/6/2009 15:25

I've added a few more. May go lower, but almost certainly a long term bargain at this price.

[jhan66] 16/6/2009 07:24

Good discount & good yield about 7/8%. I was thinking about topping up before tomorrow's 3.2% xd but the markets seem fragile at the moment

[topvest] 15/6/2009 21:02

May buy some more if we get some weakness. This is a great company; 22 year dividend record, modest gearing and 6.5% yield. Almost forgot, it's on a discount as well.

[topvest] 08/4/2009 15:40

Very big director buy- that's a vote of confidence.

[topvest] 07/4/2009 08:11

Valuation out today; not as bad as feared.

[robizm] 26/3/2009 12:54

I bought 7k worth today as see it as excellent investment long term. Hopefully they can annouce they have re-let those wool worths units. Most of the property seems to be in the more prosperous parts of the country. I still think the FTSE can go lower (but I have been and will be wrong on a few things) but dont want to miss the turn in the markets when it comes.

[topvest] 28/2/2009 15:49

Well I've bought some at £1. I think this is still good value even if the property portfolio eventually falls back to £20m (i.e. from £51m last year-end), which it probably won't. Although they have £35m long term debt, they also have cash and a large defensive equity portfolio.

[jhan66] 29/11/2008 16:33

If you're wondering why VIN is currently on 43.8% NAV Discount, widest it's ever been (& witha 3.8p dividend x-next week), I think it's because of this in the recent accounts:

`The portfolio remained fully invested, with no purchases or sales over the past six months. 13% of rental income is from Woolworths, who are trading poorly in their large city centre stores. VIT's Woolworths, in the smaller towns and suburbs, should be readily re-lettable to other retailers if required'

Even if they do have big exposure to Woolworths, VIn is roughly 2/3 equities 1/3 property. Together with 25% gearing, doesnt seem to justify 43.8% discount

[washbrook] 04/9/2008 10:04

Vin now on a 33% discount
ALLIANCE 19.% discount
Dunedin income 14% discount

[foster] 22/9/2006 20:17

Discount to NAV has widened recently.
Trustnet currently estimates the discount to be the widest since the bottom of the market in March 2003.

[jasey3] 21/10/2001 07:07

CHECK OUT EINSTEIN TV ,, EPIC EIC ,, THIS BABYS FLYING

[20club] 13/2/2001 11:09

Does anyone else think this one looks attractive?

Price: 149P vs. NAV: 191P for 22.0% discount.
Also:
Has a yield of 3.6% and a "big enough"
MarketCap of £67.8 Million
trading at the top of this year's range so
others are buying it.

Bad News:
Maybe that one of the directors and an institution
have been sellers recently