MoneyWeek portfolio of investment trusts – October 2013 update

Merryn Somerset Webb reviews our portfolio of investment trusts. What should you buy now, and which laggards should you drop?

By now you’ll have figured out that when I said I would review our investment trust portfolio every six months, I meant it not as a firm forecast but more as ‘forward guidance’. Just as Mark Carney might start to have a think about UK interest rates when unemployment falls to 7%, I start to look at our portfolio every six months. Neither of us promise to actually do anything. That’s why it has been [...]

  • dlp6666

    Also worth mentioning is that Caldedonia has revenue reserves of, I think, around 11 years worth of dividends.

    So there’s plenty of scope for an ongoing increase in the dividend payments and subsequent re-rating of the shares (thus narrowing the discount).

    Big question, though – will they do it?

  • Marko

    Even if they don’t that’s a pretty big war chest.

    They have increased the dividend every year, for the last 40 years so maybe a decent yield is on the horizon.

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