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Dunedin Enterprise and High Discounts

If Alliance Trust shareholders might be concerned about the high discount to NAV their shares trade at, then that's nothing in comparison with the position of investors in Dunedin Enterprise Trust. At the time of writing it is trading on a discount of 38%! On Friday (28/8/2015), they reported results for the half year ending June - and it was another very disappointing set of figures. Net asset value total return was -0.1% for the half year and over three years they ...

The Case of the Disappearing Shares

Another example of the wonders of pooled nominee accounts has come to my attention. When you buy shares through a stockbroker, you expect to receive them. Indeed settlement should now take place in 2 days if traded electronically as most now are. So if you are using a stockbroker's nominee account they should appear in that account in that period. You will see them on your account so they will be there will they not? The answer is not necessarily! Take the ...

Corbyn to tackle the High Pay issue?

You know when a challenge for the leadership of the Labour Party is becoming credible when the person gets profiled in the Financial Times. Yes Jeremy Corbyn is now heavily tipped to win the election irrespective of the allegations of "dirty tricks" by folks of both extreme left and right persuasion registering just to vote for him. But the really interesting aspect to this writer is that he has adopted a policy that might be very popular with a number of ...

Rensburg AIM VCT AGM and Blinkx AGM

Did the directors postpone the Rensburg AIM VCT AGM, originally scheduled for the 22nd July, as they knew the votes? And even more importantly, what is the future for AIM VCTs? These were some of the questions that arose at the Rensburg AIM VCT AGM yesterday (on the 25th August). No answer was obtained to the first question, but there was coverage of the second question which may interest anyone who invests in VCTs. All the resolutions were passed, but all three ...

Coping with Panics, and is the Market Cheap Enough?

I may be a day late to comment on stock market panics as the UK market bounced back today (25/8/2015) after sharp falls in the previous few days. But I had the chance to reflect on recent events after a trip to the somewhat stormy Rensburg AIM VCT AGM. It seemed pretty obvious to me that the markets worldwide were being driven by fear and emotion on the whole. Explanations given were both numerous and dubious such as the collapse of ...