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Franklin equity income.
George Muir
Posted: 13 August 2017 20:09:08(UTC)
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Joined: 05/01/2012(UTC)
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Lots of interesting articles on the forum as usual.Has anyone used the fund listed above?.From what i have read about it, it seems to be pretty good,with the charges
kept to a reasonable level,but the fund is one that doesn't seem to attract much attention.Any comments would be much appreciated.
Joe Soap
Posted: 14 August 2017 00:42:03(UTC)
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In my opinion, this is an area where we have an embarrassment of riches, almost. If I were you I would start my research at the White List currently run by Sanlam and I would not discount some "income" funds that are no longer in the "income" sector - Evenlode Income being the best example and one of the very best "income" finds out there.

I presently hold Trojan Income, Threadneedle Alpha Income and Chelverton Income if that helps.
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dlp6666 on 14/08/2017(UTC)
dlp6666
Posted: 14 August 2017 11:31:09(UTC)
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Joe Soap;49800 wrote:
...If I were you I would start my research at the White List currently run by Sanlam ...


From their latest report - http://www.whitelist.co....ome_study_July_2017.pdf - it seems that the Franklin fund has now dropped from the White to the Grey list.
Joe Soap
Posted: 14 August 2017 11:38:04(UTC)
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dlp6666;49803 wrote:
Joe Soap;49800 wrote:
...If I were you I would start my research at the White List currently run by Sanlam ...


From their latest report - http://www.whitelist.co....ome_study_July_2017.pdf - it seems that the Franklin fund has now dropped from the White to the Grey list.

Yes, I could be reducing on my Trojan Income. I have had it a long time but it might be opportune to move some cash elsewhere. Had my eye on it a while now and the White List report may have made my mind for me. Perhaps reduce by 50% and look again in 6 months time whether to bail or hang in there.
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dlp6666 on 14/08/2017(UTC)
sandid3
Posted: 15 August 2017 03:10:25(UTC)
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dlp6666;49803 wrote:
From their latest report - http://www.whitelist.co....ome_study_July_2017.pdf - it seems that the Franklin fund has now dropped from the White to the Grey list.

On the White List is Slater Income. I have never owned it but it is interesting because, I think, the 'Slater' is the son of Jim Slater. Jim Slater literally wrote the book on how to pick stocks: Investment Made Easy and The Zulu Principle. It is well worth reading the books and of Jim Slater's life and times. I don't know if Slater Income stick to Jim's methods but the fund seems to do well in its sector. It is also an example, as KL said, of an active fund not changing holdings very often.
King Lodos
Posted: 15 August 2017 05:58:28(UTC)
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I don't know how reliable Morningstar's figures are, but looking at Slater Income and Slater Growth, I don't see very low PEG ratios (which would be Jim Slater's method as I know it).

It might say something about the nature of markets at the moment – maybe Mark Slater's focusing more on quality while there's political risk around? But Jim Slater got me into PEG ratios, and they have served me well
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Guest on 15/08/2017(UTC)
sandid3
Posted: 15 August 2017 06:54:58(UTC)
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The Morningstar site doesn't give the PEG Ratio directly (I think). But it does give 'Price/Prospective Earnings' and 'Long-Term Projected Earnings [Per Share] Growth' for the fund.

For Slater Income, P/PE=12.25 and EPS Growth=9.77

The PEG Ration is (P/E) / (EPS Growth)

So for Slater Income the PEG Ratio is 1.25. But fair value is considered to be 1.0 and therefore Slater Income is expensive.

Is that how you do the sums, KL? It is not something I generally look at.
Alan Selwood
Posted: 15 August 2017 08:27:25(UTC)
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Mark Slater is the son of Jim Slater, and apparently helped his Dad with the writing of the Zulu Principle.
Definitely a manager to keep on your watchlist or in your portfolio, as are Keith Ashworth-Lord, Terry Smith, Simon Knott, Nick Train, Giles Hargreave (among others).

Not all will shine every year, of course, but over an investment cycle I would expect all to make good money.
5 users thanked Alan Selwood for this post.
dlp6666 on 15/08/2017(UTC), sandid3 on 15/08/2017(UTC), lynne shaffer on 15/08/2017(UTC), Guest on 15/08/2017(UTC), bill blayney on 15/08/2017(UTC)
George Muir
Posted: 19 August 2017 17:31:12(UTC)
#9

Joined: 05/01/2012(UTC)
Posts: 27

Thanks very much for the informative replies.Much appreciated as always.
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