stu black
28 Jun 2017
Re: New purchase The "storming run" won't last indefinitely though.The big question is "When do I not get too greedy and bank the profit ? "I reckon it's good until October.
holland44
27 Jun 2017
Re: New purchase I topped up too last week, after switching into TRG from EAT and JEO last October. TRG has had a storming run over the last year: the NAV is up 61.7%, and the trust has the best record of any European specialist trust in the regular, small and emerging Europe sectors over 1, 3 and 5 years.It also has the highest Alpha, second-highest Sharpe, middle-range volatility, and the discount at 7.2% is acceptable: it's narrower than it was, but is still in the middle of the range for these sectors. The dividend is only 0.8%, so it's not for someone seeking income, though I've never been a fan of income for incomes sake. I figure that if you need some cash to top-up your (retirement) income, just sell some shares - the key figure is surely your overall return including any dividends, as well as your personal risk profile and preferred spread of assets.
Ronald Rose
27 Jun 2017
Re: New purchase Brokers tend to block buy, so maybe your trade is incorporated with another buyer, you wont be sorry
methilman
26 Jun 2017
New purchase Just bought a slug of these.However, despite ATS providing me with a contract note, the purchase has failed to register on the Trades tab. More efficiency from iii.Mm.
Ronald Rose
20 Jul 2016
Re: Sell price v NAV Thank you Ru, you explained it well.Kind Regar
Ru 8746
20 Jul 2016
Re: Sell price v NAV "The market is also probably accounting for the leverage, which makes it even more of a bargain, if things go the right way from here!"...and FX volatility, of course - I would assume they're not hedging, but got bored in my attempts to check!
Ru 8746
20 Jul 2016
Re: Sell price v NAV See here for a chart of the discount on this trust over time:[link] discount touched 25% in 2012 and at the other end of the scale has only flirted with 5% a few times over the last five years.JP Morgan European Smaller Companies Trust and Montanaro European Smaller Companies Trust are currently trading at similar discounts.I'd expect smaller company investment trusts to trade on decent discounts most of the time. The market is also probably accounting for the leverage, which makes it even more of a bargain, if things go the right way from here!Don't worry about the discount, just look at your returns and remember that you bought it at a discount (probably). The current discount is one of the things that has led me to start building positions in this trust. I expect to keep buying to do my bit to close it for you!If the discount narrows too much, that'll probably be the time to sell!Good luck all,
Ronald Rose
20 Jul 2016
Re: Sell price v NAV So am I Alan, and I can fully understand the need for a discount, what i cannot fathom is why it needs to be so big {yesterday £1.30 per share difference}
alandwd
19 Jul 2016
Re: Sell price v NAV I still hold and am happy to do so. Something will happen for the patient investor and in the meantime it's had a great price increase since 2012 when I bought in.
Ronald Rose
12 Jul 2016
Sell price v NAV The gap betwe these to prices has increased to what I consider an unacceptable level but I am, due to this, tied in.For info NAV is £1.50 above sell price.
Simbrad
20 Jun 2016
"TR European Growth Trust (TRG) holds a diversified portfolio of European (ex-UK) small and mid-cap companies, with the aim of achieving long-term capital appreciation. Set up in 1990, the trust has been managed by Ollie Beckett (assisted by Rory Stokes) at Henderson Global Investors since July 2011, over which time it has comfortably beaten the benchmark Euromoney Smaller Europe ex-UK index in share price and NAV total return terms, as well as outperforming larger-cap European stocks and the FTSE All-Share index." Edison note out this morning on Research Tree
II Editor
06 Mar 2015
NEW ARTICLE: Rated Funds 2015: Europe "Although most fund managers say they invest in companies rather than countries, ongoing ructions in the eurozone and the crisis in Ukraine undoubtedly influence the type of company they invest in, if not the country those businesses happen to be ..."[link]
