In this week’s edition of the Weekly Investment Trust Podcast, Jonathan Davis, editor of the Investment Trusts Handbook, speaks to Ben Guest, manager of Gresham House Energy Storage (GRID), and Guy Anderson, manager of the Mercantile Investment Trust (MRC).
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A topsy turvy week
0:02:11 – Review of the week
0:04:53 – Corporate news and announcements
0:12:03 – Summary of results
0:17:23 – Money Makers Circle
0:17:50 – Q&A with Ben Guest
0:19:23 – Battery energy storage
0:23:18 – Setting prices
0:28:09 – The outlook for power prices and volatility
0:30:05 – The dividend
0:35:09 – The discount rate
0:36:50 – International diversification
0:43:32 – Changes from the original prospectus
0:45:17 – Q&A with Guy Anderson
0:48:56 – Political risk
0:54:22 – How the trust fits into the wider landscape
0:58:42 – The investment style
1:02:52 – Changes to the portfolio
1:10:30 – Gearing
1:12:08 – The dividend
1:13:36 – The discount
1:14:49 – Close
Trusts mentioned in this week’s podcast (with tickers) include:
- Gresham House Energy Storage Trust (GRID)
- Gore Street Energy Storage (GSF)
- Harmony Energy Impact Trust (HEIT)
- Mercantile Investment Trust (MRC)
- Digital 9 Infrastructure (DGI9)
- Chrysalis (CHRY)
- Schiehallion (MNTN)
- UK Commercial Property Trust (UKCM)
- Picton Property Income (PCTN)
- Home REIT (HOME)
- Hipgnosis Songs Fund (SONG)
- Round Hill Music Royalty (RHM)
- European Opportunities Trust (EOT)
- Downing Strategic Micro-Cap (DSM)
- Abrdn New Dawn (ABD)
- Asia Dragon Trust (DGN)
- RIT Capital Partners (RCP)
- Abrdn Equity Income (AEI)
- Henderson Opportunities Trust (HOT)
- Fidelity Special Values (FSV)
- AVI Global (AGT)
- Schroder Oriental Income (SOI)
- Scottish Oriental Smaller Companies (SST)
- BlackRock Greater Europe (BRGE)
- International Biotechnology Trust (IBT)
- Scottish Mortgage (SMT)
- 3i Group (III)
- 3i Infrastructure (3IN)
- Biotech Growth Trust (BIOG)
- HgCapital Trust (HGT)
- Regional REIT (RGL)
- HICL Infrastructure Trust (HICL)
- Octopus Renewables Infrastructure (ORIT)
- Riverstone Energy (RSE)
- Schroders Capital Global Innovation (INOV)
- Foresight Sustainable Forestry (FSF)
About Money Makers
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Disclosures about the editor’s personal holdings of investment trusts can be found here. Our podcasts are also available on the Association of Investment Companies website (www.theaic.co.uk) and Doceo (doceo.tv). The producer of the podcasts is the brilliant Ben Gamblin – more details on him here.