Orbis £100 match offer - Now Ended

KeepOnKnitting

veryintrigued wrote: »

18 months on and has anyone still have theirs?

I still have mine. My £100 investment is usually worth about £185-190. I am just leaving it there for the time being. It is part of my house deposit, so I don't mind it sitting until I need it.

Cash-Strapped.T32

I still have mine too.
I put the initial £100 in, and then put £100 in for the next few months until I'd deposited £800, with the extra £100 making it £900, so not a significant holding in the scheme of things. I tend to forget about it most of the time & just let it do it's thing.

It's currently worth about £896ish so with bonus I'm a hair's breadth below £100 in profit. However the fund per-se is down.
They recently put out thier half year reports and sounded rather sorry for themselves.

I kept hold of it because when I began investing (which was only a year or two ago) I always told myself I wanted a small contrarian component to run alongside the relatively middle of the road passives that make up the majority of my investments, and this seemed to fit the bill nicely as something of a punt.

If I'm being honest, I don't really have a plan for the money, other than to see if it gets into the black, and then use it to top up my SIPP or LISA.

I don't plan on trying to be particularly agile with it thoguh - for instance using it for a quick purchase of equities if prices fall/etc.. as in such a scenario the Orbis fund would likley have fallen too - so it really is wait-and-see money rather than part of a solid plan, although I don't want anyone to make the mistake of thinking I can just afford to "forget" about the thick end of a grand floating about! :eek::rotfl:

JohnRo

I've just left it to do it's thing, decided to look at it today

£100 (initial) + £100 (bonus) +£3.92 (inc.) is the book cost to date.

The £7.45 distribution made up of £3.53 equalisation & £3.92 income was paid 26/2/19.

My current August update valuation is shown as £193.40

If I've got my sums right that's a capital loss on book cost of £10.52 or -5.16%

Yet for some reason their overview report appears to take no account of the distribution/reinvested income. Only taking account of the external (£100+£100) capital initially paid in.

It simply shows a value/loss of £193.40/£6.60 which is only -3.24%

They've tried to make the website look 'nice' but the detail is lacking and the presentation very amatuerish imo and appears, based on the above, to be deliberately deceptive.

The process of accessing the important information about shares/units bought/held/sold, transaction dates and history is also quite tortuous imo.

May sell up but wanted to give them a fair crack of the whip.

Alexland

Cash-Strapped.T32 wrote: »

They recently put out thier half year reports and sounded rather sorry for themselves.

Did it mention that Morningstar have downgraded both funds from 5 to 3 stars?

Alex

Unamused56

I gave this a go considering the £100 offer absorbed a reasonable amount of risk. I also contributed £100 month till the end of the tax year. So £400 + £100 bonus in the Global Equity Fund.

I was a bit concerned last year when it dropped as low as £426 but still happy to see how it would fair considering the £100 bonus meant it was still 6.5% up on what I contributed. Fortunately it does appear to corrected a fair proportion of it's under performance and currently stands at £552 meaning an average of touch over 5% annual return excl bonus and a touch under 18% annual return incl bonus. Isolating the year just gone from 17th January 2019 to 16th January 2020 it's a return of 24.5%.

I'm under no illusion that it is still currently under performing to it's benchmark but nice to know it didn't continue in same manner of 2018.

Am I right in saying there is a distribution to be paid come some time in February? If so is there any way of calculating this or is there any information on it on my account or the website in general?

veryintrigued

I kept hold of mine too and have made contributions of £150 PM shared equally between the GBF and GEF SIAs.

It's now valued at £4030 with a return of £313 which I'm satisfied with.

Re. Your question - I'm not sure on this due to:

.....all your shares in the Orbis OEIC Funds were successfully converted from Income Shares to Accumulation Shares on 14 December 2019....

veryintrigued

Alexland wrote: »

Did it mention that Morningstar have downgraded both funds from 5 to 3 stars?

Alex

Genuinely interested - are they still 3 stars?

Unamused56

Just had a quick look; GBF is still 3 stars but the GEF is now 4 stars.

veryintrigued

veryintrigued wrote: »

I kept hold of mine too and have made contributions of £150 PM shared equally between the GBF and GEF SIAs.

It's now valued at £4030 with a return of £313 which I'm satisfied with.

Re. Your question - I'm not sure on this due to:

.....all your shares in the Orbis OEIC Funds were successfully converted from Income Shares to Accumulation Shares on 14 December 2019....

Check your emails from Orbis. I have one on the 19/11/19 which explains this change.

TheLastMongoose

I have stuck with it too. It is the fee structure that stopped me selling although I feel more information on what fees we are actually paying/receiving would be nice.