Investment trusts

And something else to add trade highs and lows, not so much IT but other shares. The difference in some cases is huge. Well worth considering limit order set well below the trading price.  Check the day before first.

Investment Trust Dividend cover. From the aic site


We provide the Revenue Reserves and the Dividend Cover for each Investment Company on our site on each of their profile pages.



For example on Scottish Mortgage’s profile page (www.theaic.co.uk/SMT), the company’s dividend cover and revenue reserves are below the company’s dividend history.



You will need to go onto each company’s page to see their individual dividend cover and revenue reserve details however, you can construct your own watchlist (www.theaic.co.uk/watchlist/view) and customise it to see them in a list format (via the “Customise this watchlist” button below the list.



If you have any questions just let us know.

Sold city of London.  Bought  Aberdeen Standard Equity Income Trust 
Bought City of London on 6.5% dividend with roughly 6 month reserve. Sold at 18.5% gain and one quarterly dividend. New buyers of city of London get 5.3% dividend and no discount. 
Bought Aberdeen Standard Equity Income Trust Plc on nearly an 8% dividend and 12% discount

Bought Aberdeen Standard Equity Income Trust Plc 29th May
Sold City of  London 2nd june. 

Set limit order on city of London and Aberdeen Standard Equity Income Trust Plc. Limits orders set on 28th June
City of London 5p above the price it was trading at
Aberdeen Standard Equity Income Trust 5p below 
After putting into the account the amount I hoped to sell City of London at.

Market Next day going down and got Aberdeen Standard Equity Income Trust.
2nd june market up sufficiently for city of London to sell. At 0.5p above my limit order. 
Money from sale coming out today and going to give to Marcus. 

REASON FOR SALE 
City of London NOT changing portfolio 2 oil stocks and two banks in top 10?
Aberdeen Standard Equity Income Trust. No oil in top 10. One bank Close Brothers not your ordinary bank.
Aberdeen buying shares that have cancelled dividends but believe will bounce back quickly example direct line (not sure why cancelled in the first place)

Add in the 6month reserve compared to the one year reserve. 

Aberdeen gearing been increased/decreased from 1% above Libor to 1.3%. above Libor. Therefore interest on debt actually lower.

Today 
City of London share price down 14% over 5 years
Aberdeen Standard Equity Income Trust share price down 34% over 5 years.

Aberdeen Standard Equity Income Trust Plc ongoing costs triple that of city of London. 

Dividends have been increasing at much higher rate at Aberdeen Standard Equity Income Trust. 
Aberdeen Standard 6.77% (last year) 12.28% 11.04% 4.76% 5.00% (2015) according to last info from company only going to increase it by 0.1% this year. 

City of London 5.08% (last year) 5.99% 5.03% 3.92% 3.66%(2015)

Aberdeen went ex-dividend today.

Next day % increase in Aberdeen share price twice that of City of London....hopefully...very It will continue that way!!

Only one dud New river reit but beginning to come good as short sellers getting out. 

Thanks I will look it up. 

Perpetual income and growth and Murray income trusts are to merge. PLI management fees will fall from 0.78 to 0.38% (ongoing 0.5%). Perpetual sacked there management company and the same manager was sacked from Edinburgh investment Trust. There was a possibility of merge with Edinburgh. Pundits thought it unlikely as it would mean 50% boards would have to leave and they wouldn't want to put themselves out of work. Market caught by surprise as MUT was not expected. Option of 98% of nav for PLI shareholders if they don't want MUT shares if they do they get the dividend reserve 13.7p. Last years dividend 15p


PLI shares SHOULD have lot further to go as they trade on 15.5% discount
MUT on 5.5%

PLI are on a 6.5% dividend 
MUT on 4.5% dividend 
PLI shareholders dividend will be the same as MUT although it doesn't follow it will be 4.5%

There will be some costs as they change the shares as they will not be following the PLI investment strategy.  

PLI share price for 5 years down 47%
MUT up 10%

MUT no banks or oil in top 10 
PLI one, BP second highest investment 

Today share prices 

PLI shares up 6% (total up 25% bought 27/03 excluding dividends)
MUT shares down 2.5%

I have PLI. MAY NEED TO BUY MORE. 

www.hl.co.uk/shares/shares-search-results/p/perpetual-income-and-growth-inv-tst-ord-10p
Announcements on the right for all info

my cup runneth over!

If I understand it correctly, that makes these quite a buy. Am I missing something?