Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
To achieve an investment total return exceeding that of the benchmark of the Company over the longer term, together with growth in the dividend ahead of inflation through active investment in global equities.
Find out MoreLondon South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
ShareSoc is hosting a webinar with Witan Investment Trust #WTAN on 25 April 2024, 4:30pm which may be of interest to current shareholders or potential investors. James Hart, Investment Director will present an overview of Witan Investment Trust and a review of 2023. The presentation will last approximately 30 mins followed by a 30 mins Q&A, where you can ask direct questions.
To register: https://www.sharesoc.org/events/sharesoc-webinar-with-witan-investment-trust-plc-wtan25-april-2024/
In case you missed our webinar with Witan Investment Trust plc (WTAN), the recording can be found on our YouTube channel: hTTps://youtu.be/fVa5VMzE2ic
ShareSoc is hosting a webinar with Witan Investment Trust plc (WTAN) on 27 June 2023, which may be of interest to current shareholders or potential investors. James Hart (Investment Director) will be presenting. You can register here: https://www.sharesoc.org/events/sharesoc-webinar-with-witan-investment-trust-plc27-june-2023/
In case you missed our webinar with Witan Investment Trust last month you can watch it here: https://www.sharesoc.org/seminar/sharesoc-webinar-with-witan-investment-trust-wtan-12-october-2021/
Not long left to register for our webinar with Witan Investment Trust on the 12th October, which may be of interest to shareholders and potential investors. James Hart, Investment Director, will be presenting: https://www.sharesoc.org/events/sharesoc-webinar-with-witan-investment-trust-wtan12-october-2021/
We are hosting a webinar with Witan Investment Trust on the 12th October, which may be of interest to shareholders and potential investors. James Hart, Investment Director, will be presenting: https://www.sharesoc.org/events/sharesoc-webinar-with-witan-investment-trust-wtan12-october-2021/
A long shot, I know, but I thought that IG changing its margin call requirements may have impacted Witan’s share price. It’s on the list along with 900 other stocks affected by the change. Moreover, Witan has an interesting stock picking structure (Using a portfolio of managers) and was on my watch list. However, as you point out, its performance has been poor in recent years compared to a reasonable index tracker fund.
Something that I find a little disconcerting is that two of its largest holdings are of funds (In total some 6% of the fund's assets) while its investment in investment companies accounts for some 11%. I am slightly wary of funds that buy into other funds. It seems odd to pay twice for fund management expertise. It also strikes me as a bit of a cop-out. As though the managers would prefer someone else to do the homework.
Looking at its top 20 holdings and I’m not sure that the multi-manager approach works in practice. I feel that I’m looking at a camel designed by a committee that was trying to design a horse. I’m unsure what the theme is.
Unfortunately, I haven't sold all my WITAN shares due to hitting the capital gain limit.
Their half year result for the first half of 2020 is extraordinarily bad. Only 4 out of 10 portfolios perform above benchmark!
Extraordinary indeed considering even monkeys throwing darts can statistically get 5 out of 10 correct.
Why bother paying a yearly non-performance fee of 0.87% to "professionals" when a low cost world tracker such as Vanguard FTSE Global All Cap Index (0.24% fee) or Fidelity Index World P (0.12% fee) easily beat them over a 1,3 and 5 years period!
Yep, I have been investing in WTAN for nearly 20 years but for the last 3 years it has been doing the 'zzz'. I am now selling and invest in low cost trackers.
zzz
Why no posts and chat? Seems solid, bought at 750 3 yrs ago- boring solid business, 2.4% div yield, 48% div growth over 5 years. Probably not top of the league but no sleepless nights, up 300p over 3 yrs, not so good over 1 year- main investments are Black Rock, Diageo, Delta airlines, Unilever, BP and Lloyds, will hold and buy in dips.....
FSTE 250 company Witan Investment Trust has appointed UK-based hedge fund specialist Lansdowne Partners to manage a global equity portfolio. The portfolio will have an initial value of £30m and will be invested in accordance with Lansdowne Partners' newly established developed markets long only strategy. It will take effect from December 14th and will be funded from cash resources, with a small initial increase in short-term borrowings. Lansdowne Partners has a long history of managing equity portfolios. The company applies a concentrated stock-picking approach strategy. This consists solely of long positions in a portfolio of 15-25 stocks, chosen for their investment attractions, independent of stock market weightings. Andrew Bell, Chief Executive of Witan Investment Trust, said: "This appointment is part of our continuing move to invest more with specialist managers who have innovative and high-conviction approaches towards creating value through stock picking and portfolio construction. Lansdowne Partners' unconstrained yet analytically- rigorous investment approach fits well with Witan's objective of seeking returns driven by the individual characteristics of portfolio companies and less dependent upon equity index performance."
Further to my previous post, I obviously meant 2016, not 2012. Anyway, she's going to see an accountant next week so he should be able to answer all her questions.
Hi guys, I have a beginner's question (or two) if you have a mo'. My mother inherited a quantity of Witan 8.5% Debenture Stock 2012 and she'd like to sell up. My questions are, is it just like selling ordinary shares (she's now registered with Computershare) and are Witan debentures liable for Capital Gains Tax? Thanks.
Directors' Report: Chairman's Statement Highlights • NAV total return ahead of benchmark by 3.4% • NAV total return over last five years of 38.1% - exceeding benchmark by 6.5% • increased gearing at market low point in June • dividend increased for the 36th consecutive year • portfolio repositioned on 100% active lines with a more proactive approach to risk management
http://www.investegate.co.uk/Article.aspx?id=201103160700240204D
Witan reinvigorated Date: Wednesday 16 Mar 2011 LONDON (ShareCast) - Venerable Witan Investment Trust, founded 102 years ago, showed there is still life in the old dog as it outperformed its benchmark index in 2010. Net asset value (NAV) total return in 2010 was 18.9%, compared with a return on the trust’s benchmark index of 15.5%. Share buybacks contributed half a percentage point to the outperformance, while gearing boosted outperformance by 1.9 percentage points. Like most investment trusts Witan prefers to take a longer term view of its performance, and added that over five years the Witan NAV total return has been 38.1% which translates into a 6.7% per annum compound rate of return, while the share price total return has been 7.1% per annum, despite the market crisis in 2008. The company has declared a second interim dividend of 6.5p per share, bringing the full year pay-out up to 10.9p, up from 10.5p in 2009. The annual dividend has now been increased for 36 years in a row. “Recent data indicate that the global recovery remains intact. However politicians are performing a high wire act, trying to balance the imperative of continued economic growth on the one hand and the need to resolve the debt crisis on the other. It would seem that higher inflation is probably the inevitable outcome,” opined Witan chairman Harry Henderson. Notwithstanding the immediate uncertainties caused by the Japanese earthquake and tsunami, the board believes that “in the years ahead a well diversified portfolio of global equities offers the opportunity to participate in positive longer term trends in the global economy, as well as offering some protection against the risks of higher inflation.”
witan got a good report in Saturdays telegraph,the "your money" section.