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Whitefield (WHF)

Discussion in 'Listed Investment Companies (LIC) and Trusts (LIT)' started by austing, 17th Sep, 2016.

  1. austing

    austing Well-Known Member

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  2. Bran

    Bran Member

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    Been waiting to pick this one up @austing , MLT my largest holding by far at present
     
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  3. austing

    austing 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.
     
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  4. Bran

    Bran Member

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    Johnny (? What was his name) displayed as much in his recent analysis. wHF looked roses really
     
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  5. austing

    austing 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: 18th Sep, 2016
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  6. Banawarra

    Banawarra Member

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    Last NTA report had it trading at a 10% discount. MER of 0.35% and no resources exposure.
     
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  7. austing

    austing 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
     
  8. Pippen

    Pippen 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??
     
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  9. austing

    austing 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.
     
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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 )
     
  11. Bran

    Bran Member

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    Can you elaborate (for the dummies, ie me) what this means?
     
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  12. austing

    austing 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.
     
  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).
     
  14. austing

    austing 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.
     
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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