Daily share information
Share Price at 09:21 GMT on Monday, May 20, 2013
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Share Price
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595.61p
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Net change on day
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-1.39p
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The share price update is delayed by at least 20 minutes.
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* with borrowings at market value
Borrowings at market value is the company's estimate of the "fair value" of its borrowings. The current estimated fair value of the company's borrowings is based on the redemption yield of the relevant existing reference gilt plus a margin derived from the spread of AA UK corporate bond yields (15 year+) over UK gilt yields (15 year+). The reference gilt for the secured bonds is the 6% UK Treasury Stock 2028 and the reference gilt for the perpetual debenture stocks is the longest dated UK Treasury stock listed in the Financial Times.
Sources Pricing data and yield - Thomson Reuters
NAV and discount - SIT
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Figures as of previous trading day's close
(Thursday, May 16, 2013)
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Closing share price
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593.0p
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Yield
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1.9%
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52 week high
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593.0p
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52 week low
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410.5p
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Ex-income NAV*
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651.4p
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Discount
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9.0%
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For further details of historical performance, please click here.
The value of shares and the income from them can go down as well as up as a result of market and currency fluctuations and investors may not get back the amount originally invested. SIT has a long term policy of borrowing money to invest in equities in the expectation that this will improve returns and, should stockmarkets fall, such borrowings would magnify losses on these investments. The Trust can buy back and cancel its own shares. All other things being equal, this would have the effect of increasing gearing. For planning purposes, an investment in The Scottish Investment Trust PLC should be viewed as a long term commitment.