Re: I wonder......... Fletch," Don't know if that is updated daily"It's done at the end of every month.LKH etc
Re: I wonder......... 1555 according to the iii summary. Don't know if that is updated daily, or maybe it's a few days old. Premium is stated as 12.48%.
I wonder......... I wonder what the NAV is.I appreciate that there will have been some currency effect, but is it just me or is the SP getting a smidgeon ahead of itself?
NEW ARTICLE: Bargain hunter: Brexit drops prized 'safe haven' to 5% discount "LSE:RCP:RIT Capital Partners, a multi-asset trust and Money Observer Rated Fund that is described as wealth preservation fund because it invests in an extremely cautious manner, has seen its discount widen considerably over the past couple of ..."[link]
Re: Takeover Lord d,"The city response is at best muted"That may be because the city is wondering what on earth Lord Jake was THINKING of when he even considered buying the ATST munter.It certainly makes me think that it might be time for the old chap to think of retiring to Corfu.LKH on the flybridge thank goodness he's seen sense
Takeover Hurrah for common sense that RIT is not going to bid for Alliance.The city response is at best muted with a drop in sp.hopefully tomorrow will bring better news once they have digested how much better off rit
Re: Alliance takeover There are many more useful funds at huge discounts worth of a takeover than aimless under achieving Alliance Trust, eg. CLDN!If there is anything worthwhile to buy at Alliance Trust is its much maligned ISA, SIPP, etc. savings and share dealings arm, ATS. This would give wider exposure to RCP to smaller savers and should also bring healthy profits if run competently.
Alliance takeover This could actually be rather good news because the combined organisation would surely be immediately propelled into the FTSE100.That would result in a significant jump in the share price because all the tracker funds would have to buy.That would likely also underpin the long-term share price.
Re: RNS! IoooNo,"Market doesn't think its a good idea !"It's a completely cockamamy idea. ATST is heavily into listed equities and Jake said last year he thought RCP should reduce its exposure to listed equities.How does buying an investment trust that is packed with listed equities achieve that goal, eh, milord?This is extremely disappointing.LKH on the flybridge
Re: RNS! Market doesn't think its a good idea !
Re: RNS! Are you sure it's such a dreadful idea?RCP 5 years +36.5%ATST 5 years +50.2%Source: TrustnetActually I hold both trusts and view this as an interesting development. However, I would not want to see ATST's sustainable investment remit lost if the merger were to go ahead. Arguably an opportunity for RCP to clean up its act!
Re: RNS! Chris,"Sounds like a dreadful idea!"I couldn't agree more! Has Jake let the boy Nat start making suggestions for RIT?This deal is completely bonkers. There are precious few synergies now that Elliott has got rid of the appalling harridan KGC and has narrowed the discount. And if anything is guaranteed to infuriate the Jocks it is the prospect of a "For Sale" sign being hung over the ATST head office in Dundee, and all the employees being fired except for a few lucky ones who make the trip down to permanent residence in Spencer House.LKH on the flybridge not impressed at all at all
RNS! Sounds like a dreadful idea![link]
Re: Are you all ..... So, with RIT making an approach to Alliance, is that the sort of excitement you were looking for?
Jacob Rothschild makes move to acquire rival Alliance Trust [link] sure if this is good news!