Information  X 
Enter a valid email address

Bankers Investment (BNKR)

  Print      Mail a friend       Annual reports

Tuesday 17 December, 2019

Bankers Investment

Edison reviews The Bankers Investment Trust (BNKR)

RNS Number : 1811X
Bankers Investment Trust PLC
17 December 2019
 

 

London, UK, 17 December 2019

Edison reviews The Bankers Investment Trust (BNKR)

The Bankers Investment Trust (BNKR) has recently moved from a slightly geared to a small net cash position, as manager Alex Crooke seeks to lock in gains and await a more favourable re-entry point. The global fund is run as a collection of regional portfolios, with an overall tilt towards a value style of investment, although this varies from one sub-portfolio manager to another. Over 12 months to end-September almost all the regional portfolios have outperformed local indices, with the exception of the UK and the small and now largely liquidated non Asian emerging markets allocation. BNKR invests for both capital and income growth, and is on track to grow its dividend by c 6% for FY19 (ended 31 October), a 53rd consecutive annual increase.

 

At 13 December 2019, BNKR's shares traded at a 0.9% premium to cum-income NAV. The discount has historically been quite tight, with averages over one, three, five and 10 years ranging from 1.8% to 5.5%; the current level is close to the 12-month high premium of 1.1%. BNKR's 2.1% dividend yield is above the average of its peers, and the board targets annual increases ahead of RPI inflation.


Click here to view the full report.

 

All reports published by Edison are available to download free of charge from its website

www.edisongroup.com

About Edison: Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world-renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisers and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

Edison is authorised and regulated by the Financial Conduct Authority.

Edison is not an adviser or broker-dealer and does not provide investment advice. Edison's reports are not solicitations to buy or sell any securities.

For more information please contact Edison:

Sarah Godfrey, +44(0)20 3681 2519

Mel Jenner, +44(0)20 3077 5720

[email protected]

 

Learn more at www.edisongroup.com and connect with Edison on: 

LinkedIn        https://www.linkedin.com/company/edison-investment-research 

Twitter           www.twitter.com/Edison_Inv_Res 

YouTube       www.youtube.com/edisonitv 


This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact [email protected] or visit www.rns.com.
 
END
 
 
NRAGGGRAPUPBGGM

a d v e r t i s e m e n t