Blue Planet European Financials Investment Trust plc (LSE: BLP)
NAV and BID PRICE at 12 March 2010.
Blue Planet Investment Advisers Ltd announces that at close of business on the
12 March 2010 the unaudited Net Asset Value (Cum-income) for the above trust,
was 84.14 pence per share. Investment values are calculated using BID prices.
The closing share price at BID on the London Stock Exchange on that date was
58.00 pence per share.
For more information, please visit www.blueplanet.eu
You can also contact the Company on 0845 527 7588 or by emailing
info@blueplanet.eu
Blue Planet European Financials Investment Trust plc (LSE: BLP)
NAV and BID PRICE at 05 March 2010.
Blue Planet Investment Advisers Ltd announces that at close of business on the
05 March 2010 the unaudited Net Asset Value (Cum-income) for the above trust,
was 83.90 pence per share. Investment values are calculated using BID prices.
The closing share price at BID on the London Stock Exchange on that date was
59.00 pence per share.
For more information, please visit www.blueplanet.eu
You can also contact the Company on 0845 527 7588 or by emailing
info@blueplanet.eu
Blue Planet European Financials Investment Trust plc (LSE: BLP)
NAV and BID PRICE at 28 February 2010.
Blue Planet Investment Advisers Ltd announces that at close of business on the
28 February 2010 the unaudited Net Asset Value (Cum-income) for the above
trust, was 79.70 pence per share. Investment values are calculated using BID
prices.
The closing share price at BID on the London Stock Exchange on that date was
57.00 pence per share.
For more information, please visit www.blueplanet.eu
You can also contact the Company on 0845 527 7588 or by emailing
info@blueplanet.eu
Blue Planet European Financials Investment Trust plc (LSE: BLP)
NAV and BID PRICE at 19 February 2010.
Blue Planet Investment Advisers Ltd announces that at close of business on the
19 February 2010 the unaudited Net Asset Value (Cum-income) for the above
trust, was 80.63 pence per share. Investment values are calculated using BID
prices.
The closing share price at BID on the London Stock Exchange on that date was
60.00 pence per share.
For more information, please visit www.blueplanet.eu
You can also contact the Company on 0845 527 7588 or by emailing
info@blueplanet.eu
Noticed recently this trust no longer subscribes to trustnet. I can only guess things are pretty desperate financially within the trust and costs needed cutting. Obviously not planning to attract many new investors either.
I agree the trust is too small to be considered viable. Can't help but feel that percentage-wise, the fees for dealing and management are pretty high so we need decent rises in portfolio value just to tread water and stay even. If there was a way to wind the company up and distribute something close to NAV, I'd be all for it. No doubt that at the very least this one and BPW should merge.
Sadly, with the major shareholder obviously being who it is, and vote for non-continuation of the trust would doubtless be difficult to push through.
I have held this trust since it's launch, although the size of the holding has varied. The history is basically, initial underperformance, a period of great siccess in Eastern Europe, and more failure. Basically in my view this trust is f*****. If you look at the February Fund Factsheet you wiill see that we are just supporting the Irish hedge fund and precious little else.
The shareholders could call for the trust to be amalgamated with Worldwide, but that is just the hedge fund plus Australia, which is probably just clutching at straws on the AUS$ exchange rate. If New Star ran their Global Financials like this there would be an outcry.
We live and learn. Have effectively written this off in the portfolio, and will exit when I see a suitable opportunity.
Of course this is just a personal view, and would be very interested to hear any alternative views.
The contents of the postings summarised here represents the opinions of the authors and not of Interactive Investor Trading Limited.
They have not been approved or issued by Interactive Investor Trading Limited.
