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dyfed
Posted: 05 March 2018 12:14:14(UTC)

Joined: 01/09/2016(UTC)
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Mickey;58254 wrote:
Contrarian perhaps but I bought Law Debenture IT this morning on an 11% discount, poor performer of late but my purchase costs are more than covered by the announced div payment in April.


I used to b a fan, their current holdings are a good fit for me, the discount is nice, but how can u trust a fund that held Carillon to the end? Do you think they've learnt a lesson? I wasn't impressed by the fund manager's interview post Carillon....no, they'll have to go.....
3 users thanked dyfed for this post.
dlp6666 on 05/03/2018(UTC), Mickey on 05/03/2018(UTC), Mr Helpful on 05/03/2018(UTC)
Jim S
Posted: 05 March 2018 12:37:41(UTC)

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Sold remaining BSRT from SIPP due to much reduced discount
My initial purchase in 2014 was 44p, but luckily I had topped up in 2016 at 24p, so selling for 49p was a good exit. I will need to take some out as cash, thinking about topping up Burford or FCS with the remainder (not yet decided).
Big boy
Posted: 05 March 2018 12:57:04(UTC)

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Mickey;58254 wrote:
Contrarian perhaps but I bought Law Debenture IT this morning on an 11% discount, poor performer of late but my purchase costs are more than covered by the announced div payment in April.



I agree that they are one of the most attractive in its sector.....discount of 13.1%. All FMs have bad eggs(Carillon)
from time to time.......this makes a great buying opportunity.
3 users thanked Big boy for this post.
dlp6666 on 05/03/2018(UTC), Mickey on 05/03/2018(UTC), Andrew Smith 259 on 05/03/2018(UTC)
Jay Mi
Posted: 05 March 2018 13:28:48(UTC)

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Dithered and sold Independent Investment Trust - Premium too high for me.
Put it into Allianz Tech Trust, would like to go back to IIT if the premium reduces - feel i'm too tech heavy at the moment with over 20% tech.
I'm already high in tech, japan and smaller cos.
Vodaphone & Burberry interested me, less so the latter, but i want those in next years ISA subject to price in April.
dyfed
Posted: 06 March 2018 11:23:40(UTC)

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Sold MYI and ATR as I think the premium has got too high: ATR has been great and would buy again. Topping up APAX maybe FCS and MNL. I trade too much, think I'm addicted.
4 users thanked dyfed for this post.
Mr Helpful on 06/03/2018(UTC), dlp6666 on 06/03/2018(UTC), Sara G on 06/03/2018(UTC), john_r on 10/03/2018(UTC)
Mr Helpful
Posted: 06 March 2018 11:48:44(UTC)

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dyfed;58289 wrote:
Sold MYI and ATR as I think the premium has got too high: ATR has been great and would buy again. Topping up APAX maybe FCS and MNL. I trade too much, think I'm addicted.


How long has APAX been a holding?
And all thoughts welcome.
dyfed
Posted: 06 March 2018 12:03:04(UTC)

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Mr Helpful;58291 wrote:
dyfed;58289 wrote:
Sold MYI and ATR as I think the premium has got too high: ATR has been great and would buy again. Topping up APAX maybe FCS and MNL. I trade too much, think I'm addicted.


How long has APAX been a holding?


Bought it just after it started, 2 yrs or so ago, then top sliced a while back when the discount narrowed. Why do u ask? Do you think it hasn't got a long enough track record?
1 user thanked dyfed for this post.
Mr Helpful on 06/03/2018(UTC)
Mr Helpful
Posted: 06 March 2018 15:48:49(UTC)

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dyfed;58292 wrote:
Mr Helpful;58291 wrote:
dyfed;58289 wrote:
Sold MYI and ATR as I think the premium has got too high: ATR has been great and would buy again. Topping up APAX maybe FCS and MNL. I trade too much, think I'm addicted.


How long has APAX been a holding?


Bought it just after it started, 2 yrs or so ago, then top sliced a while back when the discount narrowed. Why do u ask? Do you think it hasn't got a long enough track record?


Have held III and FPEO for some years.
Recently poised to add either APAX or SLPE.
Opted for SLPE for seemingly wider diversification of assets and partners.
And at the time think short history might have influenced.

Nevertheless APAX still on watch-list, and all information/views are therefore very much of interest.
Someone else was asking about APAX recently on the forum. Can't remember who.
2 users thanked Mr Helpful for this post.
what me, worry? on 06/03/2018(UTC), dyfed on 08/03/2018(UTC)
Jerry J
Posted: 06 March 2018 16:18:32(UTC)

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I'm overweight in UK Equity Income ITs (IPE/MRCH/MUT/CTY/CMHY) so today put new money into ASLI, EAT, HFEL & BRCI in the hope of a better balance.

Incidentally, TSCO and PMO having a nice run - I went into both about 20 years ago and have steadfastly held them through good & bad times - well rewarded!
2 users thanked Jerry J for this post.
Sara G on 06/03/2018(UTC), Mickey on 07/03/2018(UTC)
Jim S
Posted: 07 March 2018 10:23:27(UTC)

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Invested most proceeds from BSRT into Burford today, fingers crossed for good 2017 results soon.
2 users thanked Jim S for this post.
Mickey on 07/03/2018(UTC), c brown on 07/03/2018(UTC)
laang lee
Posted: 07 March 2018 11:13:52(UTC)

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Jay Mi;58260 wrote:
Dithered and sold Independent Investment Trust - Premium too high for me.
Put it into Allianz Tech Trust, would like to go back to IIT if the premium reduces - feel i'm too tech heavy at the moment with over 20% tech.
I'm already high in tech, japan and smaller cos.
Vodaphone & Burberry interested me, less so the latter, but i want those in next years ISA subject to price in April.


I assume you sold out of IIT at a nice profit after this good run, which has slowed since the US jitters/Trump News/Brexit, - worrysome situation.
Looking towards April ISA.
Now, because IIT hit the top of the charts, and got a lot of publicity, momentum pushed the price up above NAV. So if momentum and chart-chasers drop out, then there could be a discount. Another reason for discount could be a publicised failure of some companies in their portfolio. Another reason for discount is General Downturn.
I see IIT as a well managed trust, that got publicity from some spicey holdings that hit the news.
It had a spectacular year. But when such a price rise will come again is anyones guess.

It seems to be common knowledge that a major correction will come.
(Although these downturns seem to be generally regarded as 'buying opportunities', at the moment, for long term holders.)
So I am holding IIT for the long term, and will add, when funds available and if see a discount, depending on the reason for such.

Am I right in my reasoning for discount, because I am not a believer in buying on discount for discount sake - believing that there are often sound and justified reasons why.
But, at times there are reasons to buy when many people are unaware of an opportunity.

Looking forward to topics on "How I am going to invest my April allowance."
Tony Peterson
Posted: 07 March 2018 11:19:49(UTC)

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What a hoot this assumption is.:

'It seems to be common knowledge that a major correction will come'

Priceless.

translates as "Everyone knows what the future holds".

Not in my experience, pal.



martin turner
Posted: 07 March 2018 11:24:41(UTC)

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Topped up on FOUR today - special dividend was deciding factor. What do others think of this seemingly well placed company?
laang lee
Posted: 07 March 2018 11:54:22(UTC)

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Tony Peterson;58342 wrote:
What a hoot this assumption is.:

'It seems to be common knowledge that a major correction will come'

Priceless.

translates as "Everyone knows what the future holds".

Not in my experience, pal.




How else should I put it.? I certainly never said "Everyone knows what the future holds."
Maybe you could say, that I said "Everyone knows a crash is coming, sometime." But I didn't say that. There are writers that have to be able to say, after the event, "See, I told you. "
And there are a lot of writers who are saying "How long can stockmarkets keep rising."
Also, quite a few Trusts and Funds that did not perform well during the 2017 upturn, because they feared the downturn. ( That hasn't happened.)
For anyone with a 30 year investment horizon, there is time to reflect on that little blip.
But for those with shorter investment periods these little dips are major crashes.
I've seen written, (By others.) "You shouldn't be in the market if you can't stand to lose 25% - 50%." It does happen. (Not to you.),
1 user thanked laang lee for this post.
john_r on 10/03/2018(UTC)
Bruce J.
Posted: 07 March 2018 16:00:27(UTC)

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Sold off various odds and ends from my ISA this week and bought £16K of Direct Line Group. Solid dividend and special dividend to be expected on April 4th.

Jim S
Posted: 07 March 2018 18:32:58(UTC)

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CREO is doing well suddenly on not much apparent news. Anyone have any idea why? I'm holding a small position in kid's JISA, no plans to buy more or sell, just curious!
King Lodos
Posted: 09 March 2018 20:09:55(UTC)

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My buy-and-hold 'fun' portfolio started in February .. Shamelessly copying Fundsmith, I swapped Johnson & Johnson for Facebook – which may be a mistake, but there's an 8 stock limit .. Updating so any disasters are public.

50% software, 25% cashless payment, 25% marmite and vodka .. It's a behavioural exercise more than anything – both to correct my hoarding tendencies, and to reflect things I actually use (the source of my greatest missed opportunities)

https://i.imgur.com/Q303EhT.jpg
10 users thanked King Lodos for this post.
wydffart on 09/03/2018(UTC), kWIKSAVE on 09/03/2018(UTC), dyfed on 09/03/2018(UTC), neville dwards on 10/03/2018(UTC), Raj K on 10/03/2018(UTC), Bellabeck on 10/03/2018(UTC), Harry Trout on 10/03/2018(UTC), Andrew Smith 259 on 10/03/2018(UTC), dlp6666 on 12/03/2018(UTC), c brown on 14/03/2018(UTC)
john_r
Posted: 10 March 2018 15:55:41(UTC)

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King Lodos;58470 wrote:
My buy-and-hold 'fun' portfolio started in February .. Shamelessly copying Fundsmith, I swapped Johnson & Johnson for Facebook – which may be a mistake, but there's an 8 stock limit .. Updating so any disasters are public.

50% software, 25% cashless payment, 25% marmite and vodka .. It's a behavioural exercise more than anything – both to correct my hoarding tendencies, and to reflect things I actually use (the source of my greatest missed opportunities)

https://i.imgur.com/Q303EhT.jpg



Which platforms are offering Lodus 8
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King Lodos on 10/03/2018(UTC)
john_r
Posted: 10 March 2018 16:27:36(UTC)

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dyfed;58256 wrote:
Mickey;58254 wrote:
Contrarian perhaps but I bought Law Debenture IT this morning on an 11% discount, poor performer of late but my purchase costs are more than covered by the announced div payment in April.


I used to b a fan, their current holdings are a good fit for me, the discount is nice, but how can u trust a fund that held Carillon to the end? Do you think they've learnt a lesson? I wasn't impressed by the fund manager's interview post Carillon....no, they'll have to go.....



That'll be James Henderson of Henderson Global Investors then - put in his place!
dyfed
Posted: 10 March 2018 16:57:05(UTC)

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john_r;58501 wrote:
dyfed;58256 wrote:
Mickey;58254 wrote:
Contrarian perhaps but I bought Law Debenture IT this morning on an 11% discount, poor performer of late but my purchase costs are more than covered by the announced div payment in April.


I used to b a fan, their current holdings are a good fit for me, the discount is nice, but how can u trust a fund that held Carillon to the end? Do you think they've learnt a lesson? I wasn't impressed by the fund manager's interview post Carillon....no, they'll have to go.....



That'll be James Henderson of Henderson Global Investors then - put in his place!


I didn't name names but I stand by my logic. You don't agree?
1 user thanked dyfed for this post.
Captain Slugwash on 10/03/2018(UTC)
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