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Holders of Baillie Gifford Shin Nippon IT
S_M
Posted: 22 May 2018 08:15:27(UTC)
#22

Joined: 17/03/2011(UTC)
Posts: 551

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eilidh;62645 wrote:
Bestinvest have now updated my and my husbands SIPP and ISA to reflect split so I feel happier but agree they should have told us before. I also checked Baillie Gifford website yesterday which did not mention the split either!


Yes all updated now.

What bothers me is that I reported this to Bestinvest and they said ohh the price has gone back up 3p so don't worry. They also said they would get back to me with a full explanation, at this point I was not aware of any stock split, but suspected this.

Then I contacted Baille Gifford direct, again a message was left to call me back. Despite not being a direct client, they left a voicemail message 30 mins later with a full explanation.

My experience says a lot.
Jan Bloomberg
Posted: 22 May 2018 12:56:07(UTC)
#23

Joined: 25/07/2017(UTC)
Posts: 13

Thanks: 9 times
Was thanked: 7 time(s) in 4 post(s)
Got some, my account had to be "upgraded", either way I am in now, thanks for all replies and help
Alan Selwood
Posted: 22 May 2018 15:12:51(UTC)
#17

Joined: 17/12/2011(UTC)
Posts: 2,731

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Samual Saunders;62602 wrote:
Alan Selwood - Thanks for the explanation, which is excellent.

So does this mean that although the value has not changed, is it a good investment to make now or leave a while.

Do these splits have any adverse effect on values shortly after an issue, as I have been considering this IT for my portfolio in my Sipp.


You're welcome!

The split should have no material effect on the pro rata price per share, on the profitability of the company, or anything else (apart from the expectation that smaller investors will buy more. Large investors will not be noticeably affected).

I would go back to basics and ask yourself :

Is this likely to be a profitable holding?
Is it well-run?
Is it invested in a growth area that is at least as good as other growth areas for the funds I have to invest?
Does it pay me a high-enough dividend, if I need an income from the holding?
How well-protected from adverse times or political interference is it?
and any similar factors that you think are relevant.
2 users thanked Alan Selwood for this post.
Samual Saunders on 22/05/2018(UTC), c brown on 23/05/2018(UTC)
Wild Horses
Posted: 22 May 2018 16:16:11(UTC)
#24

Joined: 05/09/2017(UTC)
Posts: 2

Barclays "Smartinvest" have also not updated their website, and I too got a nasty shock when I looked at my portfolio yesterday down 75%. I telephoned this morning and they did not know anything about it , until the guy went off to investigate and came back and explained what split shares were. However he could not help when I asked what the value of my holding is today and could only say that it would updated in the next 5 working days. I was livid. But knowing Barcalys' record since Smartinvest was created I was hardly surprised.
Now all I can do is wait and hope. Thank you to all those who raised the subject on this site.
Samual Saunders
Posted: 23 May 2018 10:42:01(UTC)
#26

Joined: 15/04/2018(UTC)
Posts: 55

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Was thanked: 33 time(s) in 20 post(s)
Does a company do well following a split share operation?

They obviously hope that by making the individual shares lower and more accessible, thereby obtaining more interest, but does it boost share values making the share worth buying when this happens?
Tom Bards
Posted: 23 May 2018 11:52:33(UTC)
#27

Joined: 28/06/2017(UTC)
Posts: 126

Thanks: 2 times
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Still cannot view the Shin Nippon page on HL
andy mac
Posted: 23 May 2018 13:06:47(UTC)
#28

Joined: 12/02/2016(UTC)
Posts: 219

Thanks: 131 times
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well i can buy or sell on HL now
mc2
Posted: 24 May 2018 03:17:44(UTC)
#29

Joined: 01/04/2015(UTC)
Posts: 36

Thanks: 102 times
Was thanked: 22 time(s) in 9 post(s)
When I saw the price of SHIN NIP I really thought the worst.... I.E. that North Korea had bombed Japan.... And now what Trump's gonna do?... I only relaxed when I saw the other Japanese funds had not changed much
Wild Horses
Posted: 24 May 2018 18:13:50(UTC)
#30

Joined: 05/09/2017(UTC)
Posts: 2

Where are we now with shin nippon ? My Barclays platform now has moved my holding to down 37.5% . Is this the real situation ? Why the sudden huge drop ?
initially the drop was 73% before they worked out the split stocks situation. I would be grateful for anyone who could shed light on this .
Samual Saunders
Posted: 24 May 2018 19:22:06(UTC)
#31

Joined: 15/04/2018(UTC)
Posts: 55

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As other replies have already stated, the price has been reduced but you now hold many more shares which should balance your your previous holding. Any change in that is only due to changes in the market since the share split.
NigelT
Posted: 24 May 2018 21:34:29(UTC)
#32

Joined: 20/02/2018(UTC)
Posts: 1

Was thanked: 1 time(s) in 1 post(s)
It took most of the day to get the change up and running on ii - but they had warned a week or so before of the split, so wasn’t a problem as didn’t need to trade on the day.

In response to questions on impact on attractiveness of SHIN, I’d suggest the split shouldn’t change your decision - still best to base it on your underlying view of the fund’s likely future performance just as it would have without a split

I guess the split will have some very marginal positive impact if as they say it will be a bit easier for some to do regular investments (otherwise why would they bother doing it), but I suspect it will be lost in the usual day to day ups and downs, and investors won’t be able to distinguish it.
1 user thanked NigelT for this post.
Samual Saunders on 25/05/2018(UTC)
mark spurrier
Posted: 28 May 2018 05:47:40(UTC)
#33

Joined: 17/01/2018(UTC)
Posts: 41

Was thanked: 32 time(s) in 20 post(s)
BGS has a bit of a problem.
The demand is there to promote the buying but the premium is ridiculous 9-10%. My guess is that there is going to be a significant share issue to try and get the premium down in a gentle way

I am not a holder - I have the OEIC version as I will not pay for the premium. I can't see wealth managers putting client money in BGS so if BG really want to grow the AUM and widen the appeal, they will need to get the premium down. We will see how it pans out
1 user thanked mark spurrier for this post.
Samual Saunders on 28/05/2018(UTC)
Keith Cobby
Posted: 28 May 2018 08:24:55(UTC)
#34

Joined: 07/03/2012(UTC)
Posts: 594

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Perhaps , like LTI, they are satisfied with it as it is. Issuing a lot more shares may make it difficult to invest the additional funds, and too many may result in a discount. Any deterioration in performance will see the premium disappear. In the meantime I am using a nice facility on the ATS platform to reinvest all dividends into this trust.
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