Woodford to leave Invesco

TCA

TCA wrote: »

PLI now appears to be on a similar discount to EDIN. Perhaps because Barnett might lose control of it when he takes over Woodford's funds?

Anyone fancying a punt?

TCA wrote: »

No takers? Discounts on both EDIN and PLI widening a bit again. I'm very tempted with PLI but think I'm being seduced by the fact that all other UK income and growth ITs are on premiums.

A_Flock_Of_Sheep wrote: »

You have !!!!ssssssyyy poor savings interest rates to thank for that. People abandoning savings accounts for the stock market.

That's not exactly what I was saying. I'm only currently tempted by EDIN and PLI because they're on discounts. Not by just any high yielding income trusts at any price. And although I still think the UK is relatively good value I'm only held back by the fact that the majority of trusts in the UK Growth and Income sector are near all-time highs and I'm wary of a pull-back just as I dip my toe! Of course my feet will never get wet if I keep this mindset so will take the plunge at least in some small way.

PLI is now showing a tasty 4.57% discount on Morningstar, albeit the price is moving up a bit today and the NAV date is never quite in sync.

JohnRo

Take a look at my income thread, I'll post the latest although it'll be skewed by this months dividends a little but that said there are a lot of them landing this month which aren't included.. It might help give you at least some perspective because I bought most of the ITs at what was at the time the top of their valuations, although I was careful not to select any on fat premiums.

MRC is still sitting on a near 10% discount and has done quite well though the mid cap exposure may not be for all because I expect substantial volatility in it at some point.