IT'S

[geoff1309]

I would be grateful for a few opinions on my next share purchase, I want to increase my IT'a currently have CLiG, FPEO, BRCI and HFEL. am looking mainly for income , many thanks
Geoff

[johnstevens77]

City of London and Temple Bar have increased their dividends for years, TMPL notably for 32 years, even in 2000 and 2009 when all dividends were under pressure.

John, holding both.

[Raptor]

I like MRCH, Merchants at 5.5%. worth a read through the topic viewtopic.php?f=54&t=416

Raptor.

[mc2fool]

I would be grateful for a few opinions on my next share purchase, I want to increase my IT'a currently have CLiG, FPEO, BRCI and HFEL. am looking mainly for income , many thanks
Geoff

Do you mean CTY rather than CLIG?

CTY is the City of London Investment Trust, which is an IT that invests (mostly) in UK equities. http://www.henderson.com/ukpi/fund/169/the-city-of-london-investment-trust-plc

CLIG is the City of London Investment Group, which isn't an IT but a fund manager that specialises (at least, used to) in emerging markets. http://www.citlon.co.uk

[Jon46]

I would be grateful for a few opinions on my next share purchase, I want to increase my IT'a currently have CLiG, FPEO, BRCI and HFEL. am looking mainly for income , many thanks
Geoff

Hi Geoff

Take a look at this thread, it might give you some ideas.

viewtopic.php?f=51&t=597

John's portfolios performance has been fine, but he will more than tinker.

But if you get interested in John Baron's bond/fixed interest based ITs, such as IPE, NCYF and CMHY, be aware that when/if interest rates do rise, these would imho need to be watched closely because, despite being somewhat protected by their HY, the capital might very well be affected. John Baron has already let go of two ETFs in that 'space', his timing is often good, and I am sure one of us would flag his change of course.

One which I find interesting is EAT, the European Assets IT, which is weaker at the moment. It invests in mostly smaller Cos across Europe, which is a vast market with many first class companies, and the lead manager knows his way in those markets. It pays a divi based on a percentage of NAV, which is not everybody's ideal choice, but they have broadly made it stick. Worth watching if the Italian vote follow up spooks European markets badly, which I think might happen, when I would then look to top up EAT as a long term hold and 'wait for better things on yield'. Pays in Euro, Dutch domiciled, so best held in a tax shelter.

The other one is SLET, soft at the moment because it invested across the UK cap spectrum, but a very decent long term performer with a well respected manager.

There are many 'ITs' in the specialist debt/infrastructure/green energy which look interesting too from a yield point of view, depends on your view of trading at premia. Useful at the periphery of the portfolio imo.

You do not make it clear if it is all out income for retirement income that you seek, where capital performance is maybe less important, or nice divis to re invest for the longer term, where imho capital growth matters as much as divis. It might change posters suggestions somewhat.

Jon

[mickeypops]

Re. The OP regarding CTY and CLIG, a couple of years ago I made the rookie mistake of buying the latter when I meant the former. It cost me about a grand to fix, what with a high bid/offer spread etc. Taught me a lesson I can tell you!

[kempiejon]

Re. The OP regarding CTY and CLIG, a couple of years ago I made the rookie mistake of buying the latter when I meant the former. It cost me about a grand to fix, what with a high bid/offer spread etc. Taught me a lesson I can tell you!

I guess it's timing, I started buying 4 years ago at a little under £3 and I've been adding, initially yielding over 10%, that's been reduced by capital appreciation and I've added a couple of times, it's been churning out the dividend year after year.

[Dod1010]

I do wish posters would use the name of the IT concerned rather than a set of initials from which we are supposed to guess the actual name.

[Dod1010]

Assuming that none of CLiG, FPEO, BRCI or HFEL refer to Edinburgh IT I would suggest it is a good one for income as is Temple Bar and Murray International. I say this in all seriousness because I do not recognise any investment trust names from the initials cited.

[geoff1309]

Many thanks to all replies , given me a lot of food for thought, sorry for using epics instead of full names for the companies , thought that it would be easier to look up.
Geoff.

[sellinmay]

"thought that it would be easier to look up."

I thinks you are missing the point there - why should WE have to "look it up" before we can read YOUR post.
At least spell it in full the first time one is mentioned with the epic in brackets for ongoing reference if you like.

Moderator Message:
Please refrain from "attacking" the poster after he apologised. Point out that etiquette is to use whole names and TIDM's on first use and move on. Irregular/New posters are learning and we all need to help them. Thanks

[gbjbaanb]

There was a bit of discussion about ITs in the latest Shares magazine (free if you're with AJBell).

One they were pushing a bit was Brunner (BUT) : https://www.youinvest.co.uk/market-research/LSE:BUT

Apparently this has a solid dividend record for the last 44 years, and is currently trading at a 16% discount to NAV. Not much yield though.

for yield, look at Henderson Dividend Income (HDIV) : https://www.youinvest.co.uk/market-research/LSE:HDIV at 5.7%, though capital gains are pretty flat, not surprising seeing as its mostly comprised of bonds. High charges though.

[Leither]

Totally agree about the need for share and IT names on bulletin boards rather than ticker symbols. Drives me bananas. And I think it's counter- productive as there must be many like me who don't enter into the actual discussion because we haven't a clue what the poster is talking about.

I think TMF posting guidelines advised you not to use ticker symbols on their own.

Regards,

Leither.