LIC & LIT Whitefield (WHF)

Discussion in 'Shares & Funds' started by Nodrog, 17th Sep, 2016.

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  1. Nodrog

    Nodrog Well-Known Member

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    Nodrog, 17th Sep, 2016
    #1
  2. Bran

    Bran Well-Known Member

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    Been waiting to pick this one up @austing , MLT my largest holding by far at present
     
    Bran, 18th Sep, 2016
    #2
  3. Nodrog

    Nodrog Well-Known Member

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    Same here. MLT also my largest holding. WHF around $4 would be of interest. Mind you it's often available at a nice discount. I haven't done the NTA calc but I'd assume it's currently at a discount. I do have a reasonable holding in WHF already and would ideally like BKI to lose favour so I can top it up cheaply.
     
    Nodrog, 18th Sep, 2016
    #3
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  4. Bran

    Bran Well-Known Member

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    Johnny (? What was his name) displayed as much in his recent analysis. wHF looked roses really
     
    Bran, 18th Sep, 2016
    #4
  5. Nodrog

    Nodrog Well-Known Member

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    Yes, James not Johnny. WHF did look like good according to his analysis. I take a longer view but the decision is the same.

    When he's back from Africa I'll see if he wants to post his fundamental analysis under each of the relevant LIC threads. Would be very useful and organised then.

    Here's the link to his analysis of WHF:

    Listed Investment Companies - Fundamental Analysis

    Listed Investment Companies - Fundamental Analysis (introduction)
     
    Last edited by a moderator: 18th Sep, 2016
    Nodrog, 18th Sep, 2016
    #5
  6. Banawarra

    Banawarra Well-Known Member

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    Last NTA report had it trading at a 10% discount. MER of 0.35% and no resources exposure.
     
    Banawarra, 18th Sep, 2016
    #6
  7. Nodrog

    Nodrog Well-Known Member

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    Yes, pure industrial LIC (shame about the AReits) and often at a discount. Get me started on the wonders of Industrial shares then I'll rave on for hours.

    My favourite charts:

    image.png

    image.jpeg
     
    Nodrog, 18th Sep, 2016
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  8. pippen

    pippen Well-Known Member

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    A Peter Thornhill favourite, any concerns with WHF's liquidity or lack of?? In relation to other older style lic's??
     
    pippen, 19th Sep, 2016
    #8
  9. Nodrog

    Nodrog Well-Known Member

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    Nope, in it for the long term. It's all about income for us so unlikely to be wanting to sell in a hurry for capital. Hence liquidity isn't a concern. In fact can sometimes work in the buyers favour when soneone is trying to get out quickly.
     
    Nodrog, 19th Sep, 2016
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  10. twisted strategies

    twisted strategies Well-Known Member

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    just as for CIN , i would probably invest in the WHF preference shares in preference ( let them convert to normal shares later )
     
    twisted strategies, 26th Sep, 2016
    #10
  11. Bran

    Bran Well-Known Member

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    Can you elaborate (for the dummies, ie me) what this means?
     
    Bran, 3rd Oct, 2016
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  12. Nodrog

    Nodrog Well-Known Member

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    @Bran

    JHMTaylor should be back from his African safari shortly. He owns WHF preference shares from memory and knowing James he would have researched them thoroughly. So might be worth asking him.
     
    Nodrog, 3rd Oct, 2016
    #12
  13. Hodor

    Hodor Well-Known Member

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    I have the same thoughts
    Whitefield's Share Capital might help - it is a bit dense to digest (for some like me anyway).
     
    Hodor, 3rd Oct, 2016
    #13
  14. Nodrog

    Nodrog Well-Known Member

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    I've never been a fan of fixed income and hybrids etc. I do shares / LICs and cash. Have no interest in messing around with stuff in between. Not helpful I know but just a view.
     
    Nodrog, 3rd Oct, 2016
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  15. twisted strategies

    twisted strategies Well-Known Member

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    at a time in the future

    WHFPA = WHITEFIELD LIMITED 8.0% CUMULATIVE PREFERENCE shares

    and

    WHFPB = WHITEFIELD LIMITED CONVERT PREF 7.00% PERP SEMI SUB NON-CUM RES RED

    both convert in a certain number of ordinary shares

    you will have to research the gory details ( i don't hold WHF , WHFPA or WHFPB )

    i do hold CAMPA which in April ( 2017 ) will convert into slightly more than 1 CAM share for every CAMPA

    at some time in the future the WHF should do similar
     
    twisted strategies, 5th Oct, 2016
    #15