I have seen these before (I remember SMT and before that ATST) and have seen the share price go up in celebration. There is a resistance to buying shares priced over £20, whether it is logical or not. For those who have relatively small amounts to invest, e.g.children plans or div reinvestment schemes, it can be irritating seeing no purchases or significant amounts sitting in cash.
In snooker terms, buying MRC at a discount approaching 10% is like "a shot to nothing".
You get a good trust with a good record. I expect to see the new shares a bit above the adjusted price of around 220p. I will look for 10p a share profit and move on if it happens.
Well, I am more than happy with the yield and growth. The plans to do a 10 for one swap do not worry me and may in fact have the effect of narrowing the discount. Have sold out of Schroder income growth and put it in this instead.
Keep up the good work!
because this fund is heavily weighted towards the FTSE250/350 companies which mostly derive profits in the UK and are hence considered most affected by Brexit ( unlike many FTSE100 companies which have a higher percentage of profits deriving from other currencies such as $/Euro)
top 10 holdings for Mercantile are nearly all FTSE250 :-
Rank Change Name % Weighting
1 BELLWAY PLC 2.20%
2 GALIFORM ORD GBP0.10 2.20%
3 DOMINO`S PIZZA GROUP PLC 2.10%
4 SMITH(DS) ORD GBP0.10 2.00%
5 AUTO TRADER GROUP PLC 1.90%
6 MICRO FOCUS INTERNATIONAL 1.80%
7 Greencore Group Ord IEP0.50-London List 1.70%
8 INCHCAPE PLC 1.70%
9 SEGRO PLC 1.70%
10 B & M EUROPEAN VALUE RETAIL SA 1.60%
I have always liked this fund , but am currently out and lookign for entry
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