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Post by rgs2001uk on Mar 30, 2021 21:13:14 GMT 7
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AyG
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Post by AyG on Mar 31, 2021 7:15:47 GMT 7
This is not worthy of investing. Note the largest holding, at 47% - Lindsell Train Limited, the Lindsell Train fund management company, in other words.
Some have said that the company is massively undervalued, accounting for the trust's high premium to NAV. However, it's been a lot higher - at one point reaching 100%.
You can get similar similar, minus the LT holding, with FGT (which I suspect you already hold, as do I).
Not sure why concerned about Diageo/Unilever/AG Barr. Solid companies producing lots of stuff that people will keep on buying come hell or high water.
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Post by rgs2001uk on Mar 31, 2021 20:40:09 GMT 7
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Post by rgs2001uk on Mar 31, 2021 21:12:16 GMT 7
This is not worthy of investing. Note the largest holding, at 47% - Lindsell Train Limited, the Lindsell Train fund management company, in other words. Some have said that the company is massively undervalued, accounting for the trust's high premium to NAV. However, it's been a lot higher - at one point reaching 100%. You can get similar similar, minus the LT holding, with FGT (which I suspect you already hold, as do I). Not sure why concerned about Diageo/Unilever/AG Barr. Solid companies producing lots of stuff that people will keep on buying come hell or high water., check this out, not exactly staggering performance. 2.6% over the last 5 years, solid companies etc etc, not for me thank you very much. www.hl.co.uk/shares/shares-search-results/c/city-of-london-investment-trust-ord-25p.
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AyG
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Post by AyG on Apr 1, 2021 6:39:35 GMT 7
It's not clear whether for CTY the 2.6% is with dividends reinvested or not. However, this is the sort of fund that people investing for equity income would like, with its 5% yield - a yield which has stood up very well given the large number of traditionally high yielding UK stocks which have cut their dividend since the pandemic struck.
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chiangmai
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Post by chiangmai on Apr 1, 2021 8:29:55 GMT 7
I agree with regard to Diego et al, solid companies to hold in any weather.
I don't hold LT IT but I do hold LT Global which is also going through a period of poor performance, but not bad enough to send the fund to a leper colony.
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Post by rgs2001uk on Apr 1, 2021 21:34:27 GMT 7
It's not clear whether for CTY the 2.6% is with dividends reinvested or not. However, this is the sort of fund that people investing for equity income would like, with its 5% yield - a yield which has stood up very well given the large number of traditionally high yielding UK stocks which have cut their dividend since the pandemic struck. Point taken and understood, horses for courses and all that old bean.
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