Search found 53 matches

by StOmer
January 15th, 2019, 4:36 pm
Forum: Investment Trusts and Unit Trusts
Topic: Witan giving up admin of Savings schemes
Replies: 6
Views: 602

Re: Closure of Witan/Jump Savings scheme

...Despite choosing one of the higher-than-average cost investment companies, the letter from the chairman describes HL as having a "competitive fee structure". That is simply not true and is the reason we left HL years ago for our own investments. Aren't HL cheap when it comes to Investm...
by StOmer
January 14th, 2019, 1:55 pm
Forum: Investment Trusts and Unit Trusts
Topic: Ideas for Investments
Replies: 7
Views: 958

Re: Ideas for Investments

Hi, It is really important to understand your appetite for risk before going too deeply into selecting investments. Many Investment Trusts are currently trading on historically low discounts after a long bull run, this could mean they fall further than you may expect them to. For example some popula...
by StOmer
December 29th, 2018, 12:36 pm
Forum: Investment Trusts and Unit Trusts
Topic: HgCapital
Replies: 2
Views: 555

Re: HgCapital

I believe HgCapital was highly regarded by John Newlands back in the day when he ran his own research and produced a regular newsletter. It is currently on a decent discount although has been lower, recent performance is similar to most in the private equity sector which is not great. I own Pantheon...
by StOmer
December 22nd, 2018, 12:59 pm
Forum: Investment Trusts and Unit Trusts
Topic: The Investment Trusts Handbook 2019
Replies: 12
Views: 1842

Re: The Investment Trusts Handbook 2019

... Am I the only one who actually finds them much simpler to get my head around? I find open ended funds much more opaque hard to fathom. Things such as equalisation, inc/acc units, different class of units that charge different amounts, predictability of dividends, differing platform charging for...
by StOmer
December 22nd, 2018, 11:27 am
Forum: Investment Trusts and Unit Trusts
Topic: The Investment Trusts Handbook 2019
Replies: 12
Views: 1842

Re: The Investment Trusts Handbook 2019

A good read, thank you for the link. Nice to see it uses the old name and identifier for Foreign & Colonial, also a good piece in there from John Newlands. Very interesting.
by StOmer
December 21st, 2018, 10:45 pm
Forum: Investment Trusts and Unit Trusts
Topic: Caledonia Investments
Replies: 36
Views: 6996

Re: Caledonia Investments

Also interesting for me that they have moved AIC sector and now reside alongside RIT Capital Partners etc in the Flexible Investment Sector rather than Global.
by StOmer
November 14th, 2018, 10:02 pm
Forum: Investment Trusts and Unit Trusts
Topic: British Empire (BTEM)
Replies: 20
Views: 1364

Re: British Empire (BTEM)

The long-gone IT magazine used to run a portfolio of 10 trusts as the editor found that worked best for him, easy to manage and rebalance where necessary. Your 1/3 split could easily be moved to a 70/30 core/sat structure where your satellite holdings take advantage of the fact that IT's offer oppor...
by StOmer
November 14th, 2018, 6:12 pm
Forum: Investment Trusts and Unit Trusts
Topic: Lindsell Train Global Equity Vs Fundsmith Equity
Replies: 8
Views: 1685

Re: Lindsell Train Global Equity Vs Fundsmith Equity

Commentators on CNBC today discussing Facebook, Apple, Amazon etc (FAANGS). Consensus appeared to be that Facebook was a good stock to hold, they own Instagram plus via Facebook they are able targeted ads by geolocations. This is something that no one else can currently do on the same scale. Apple m...
by StOmer
November 14th, 2018, 1:33 pm
Forum: Investment Trusts and Unit Trusts
Topic: British Empire (BTEM)
Replies: 20
Views: 1364

Re: British Empire (BTEM)

Aminatidi wrote:That would put me roughly 1/3 LT & FS, 1/3 defensive and 1/3 "other" diversifiers/other.

Interesting 3-way split, is this idea similar to a typical core/satellite approach of 70% core where your core allocation would be LT, FS and defensives?
by StOmer
November 14th, 2018, 1:27 pm
Forum: Investment Trusts and Unit Trusts
Topic: British Empire (BTEM)
Replies: 20
Views: 1364

Re: British Empire (BTEM)

What is the z score please? Dod Apologies for the delay in response, I wrote one but then the Internet failed and the post was lost. I'll try again :-) The z-score is a statistical measurement showing the value in the current price relative the premium or discount. Whilst it is usually shown as a 1...
by StOmer
November 14th, 2018, 10:44 am
Forum: Investment Trusts and Unit Trusts
Topic: British Empire (BTEM)
Replies: 20
Views: 1364

Re: British Empire (BTEM)

Very little in the US so perhaps a useful diversifier from the usual suspects. The latest report indicates a desire to deal with the discount although it is perhaps just a nudge to the directors rather than anything concrete. There are many levers available to the Board to tackle the discount which,...
by StOmer
November 13th, 2018, 11:54 am
Forum: Investment Trusts and Unit Trusts
Topic: Changes to Foreign & Colonial ITs
Replies: 16
Views: 1566

Re: Changes to Foreign & Colonial ITs

The changes occurred on Monday, my HL account was correctly updated with the new names and symbols. Morningstar has details of the various name changes at http://www.morningstar.co.uk/uk/news/AN_1541776711285919300/fc-trusts-to-change-names-as-bmo-launches-re-branding-.aspx
by StOmer
November 3rd, 2018, 9:51 pm
Forum: Investment Trusts and Unit Trusts
Topic: Woodford Patient Capital - Why?
Replies: 19
Views: 1604

Re: Woodford Patient Capital - Why?

Picked this up on a double digit discount in September, up a shade under 10% in a few weeks but see this as a speculative long term (patient) hold. For the portfolio I see this as part of my UK allocation but as a satellite holding of 5%, the lack of dividend makes it suitable to hold outside the IS...
by StOmer
October 23rd, 2018, 10:03 am
Forum: Investment Trusts and Unit Trusts
Topic: Alliance Trust
Replies: 40
Views: 3526

Re: Alliance Trust

The previous management under KGC cannot surely be very happy but her millions from the ill thought through LTIP (she is still in line for at least one further payment) will be providing some comfort. I never thought much of her chairman, Lesley Knox. Dod I always shied awy from ATS as it seemed a ...
by StOmer
October 23rd, 2018, 9:56 am
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 65
Views: 5485

Re: Personal Assets v Capital Gearing v RICA?

I guess there's always an argument that it's just an expensive multi-asset. Concentrate on performance rather than costs and imho you will be fine. I track my performance against a Vanguard Life Strategy 80% and have done better than that every year since it started out. Over time the difference ge...
by StOmer
October 22nd, 2018, 4:34 pm
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 65
Views: 5485

Re: Personal Assets v Capital Gearing v RICA?

That collection of ITs seems to me to be good for all seasons and I certainly would do nothing with them now or in any other foreseeable circumstance. Mind you I hold four of them and am missing only PNL and LWDB, both of which are good I think in their own ways. Thanks for listing the collection. ...
by StOmer
October 21st, 2018, 11:43 am
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 65
Views: 5485

Re: Personal Assets v Capital Gearing v RICA?

I don't know what the OP meant with PLA but PNL has been in the Money Week portfolio for many years, probably since inception knowing how often they have rec'd it. The IT portfolio at MW has not been updated on the website since 12/2017 and then held CLDN, PNL, SMT, RCP, LWDB and TMPL. I think Merry...
by StOmer
October 21st, 2018, 9:34 am
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 65
Views: 5485

Re: Personal Assets v Capital Gearing v RICA?

Key thing I think is to remember that Personal Assets is not a growth holding, their primary aim is the preservation of capital.
by StOmer
October 20th, 2018, 10:14 pm
Forum: Investment Trusts and Unit Trusts
Topic: Personal Assets v Capital Gearing v RICA?
Replies: 65
Views: 5485

Re: Personal Assets v Capital Gearing v RICA?

...suggesting a reduction in equities from 80% to 50% at that time. I don't recall the equity allocation ever rising back up from this (but could be mistaken), and only recall seeing it around or lower than 50% since. That is correct. I haven't looked tge exact figures up but if I recall correctly,...

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