Proactive Investors Interview4 Oct 2017 10:07
Andrew Scott (of PI) interview with Simon Edelsten.
Interesting video, http://www.proactiveinvestors.co.uk/companies/stocktube/8184/mid-wynd-international-investment-trust-seeking-out-unknown-pockets-of-value-and-interest--8184.html
"If you can increase investors wealth by 7% per annum, it will double the purchasing power in a decade, if that isn't good enough, then I don't know what is"... Realistic returns have been into the double figures, realistic estimations of between 4/5/6% value per year.
SP is around 17% up year to date.
SP is around 95% up 5-year to date.
MCAP is around £150M (small fund - under the radar)
Quick scan through past 5 years results.
Operating Profit: 1.88 (2017) - 1.79 (2016) - 1.10 (2015) - 1.20 (2014) - 0.94 (2013)
Post-Tax Profit: 1.65 (2017) - 1.56 (2016) - 0.96 (2015) - 1.05 (2014) - 0.83 (2013)
Total Dividend: 5.00p (2017) - 4.50p (2016) - 4.00p (2015) - 3.80p (2014) - 3.40p (2013)
Dividend Yield: 1.10% (2017) - 1.30% (2016) - 1.20% (2015) -1.40% (2014) - 1.30% (2013)
Total Asset Value: 147.37 (2017) - 115.06 (2016) - 86.59 (2015) - 68.26 (2014) - 72.85 (2013)
Net Asset Value PS: 439.08 (2017) - 361.03 (2016) - 322.86 (2015) - 264.54 (2014) - 257.28 (2013)
Looking for longer-term, high profitable companies, invested in around 8 themes at a time, with no more than 60 specific stocks.
I haven't taken a position here yet, need to do more fundamental research into the company, management etc... However, the company looks good from a quick snapshot.