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HFEL Henderson Far East Income Limited

226.50
2.00 (0.89%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Henderson Far East Income Limited LSE:HFEL London Ordinary Share JE00B1GXH751 ORD NPV
  Price Change % Change Share Price Shares Traded Last Trade
  2.00 0.89% 226.50 354,138 16:35:10
Bid Price Offer Price High Price Low Price Open Price
226.00 227.50 228.50 225.50 226.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -46.86M -56.24M -0.3451 -6.59 370.73M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:38:55 AT 607 226.50 GBX

Henderson Far East Income (HFEL) Latest News (8)

Henderson Far East Income (HFEL) Discussions and Chat

Henderson Far East Income Forums and Chat

Date Time Title Posts
26/4/202411:31Henderson Far East Income Ltd1,926
30/11/202307:53Henderson Far East7
04/1/201318:48HENDERSON Far East Ord. Trust.15

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Henderson Far East Income (HFEL) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
15:38:55226.506071,374.86AT
15:35:10226.5061138.17UT
15:26:10227.144499.94O
15:08:09227.502,4005,460.00AT
15:08:05227.501,7443,967.60AT

Henderson Far East Income (HFEL) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Henderson Far East Income Daily Update
Henderson Far East Income Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker HFEL. The last closing price for Henderson Far East Income was 224.50p.
Henderson Far East Income currently has 162,957,032 shares in issue. The market capitalisation of Henderson Far East Income is £370,727,248.
Henderson Far East Income has a price to earnings ratio (PE ratio) of -6.59.
This morning HFEL shares opened at 226p
Posted at 24/4/2024 17:03 by kenmitch
Thanks for the good wishes Hastings. Not well but hopefully getting there.

Fair point about HFEL share price performance being enhanced by reduced discount. NAV is up around 10% from the low though, so definite hints of improvement.

There are STILL so many shares and Investment Trusts paying huge and often sustainable dividends, reflecting the undervaluation of a lot of UK shares. E.g just today Serica surprised by paying a 14p final (7% just for that 1 dividend) and the overall dividend is 11.5% and higher than last year.

Here’s a bit of info for those keen on seeing dividend cuts and more buybacks. Our portfolios have now reached the stage where all new investments can be paid for from the dividend income month after month.

AND it means the portfolios now fund themselves too.

And right now is still a good time to build a portfolio of shares and Trusts paying exceptionally high and sustainable dividends. It’s only when the dividends flow in like the current 10.4% HFEL yield, that we investors seem to realise what a bonus they are.
Posted at 24/4/2024 14:13 by 2sporrans
kenmitch

you have to factor in that that 12% share price uplift was accompanied by a shift [mostly the past few weeks] from 4% discount to 2% premium; therefore just a 6% rise in NAV over those 6 months.
Some investors pay close attention to the NAV performance.

On the +ve side, you could argue that HFEL is yielding about twice what av. of peers payout; so maybe, as much as 3% EXTRA yield over 6 months, had one bought at last autumn lows. [HFEL yielded ~12% at its October nadir.]
Taking your 12% cap. gain and adding 6% for 2 divvis makes a TR of 18%, from the nadir.

It will be interesting to see how close to 6p the share price drops at tomorrow open; moreso if the premium fades over the next week or 3.
Perhaps it will......maybe it won't.
Posted at 24/4/2024 12:25 by speedsgh
Encouraging share price performance since end of last year but we have been here before (cf. Q4 2022) so not out of the woods yet. Really need to break out of the long term downtrend dating back to the high in mid-2019 to confirm reversal.

I would be happy for the dividend to be rebased to a more sustainable level if required, even if it means giving up their 'Next Generation of Dividend Heroes' status. While income will be a primary focus for many here, it seems sonewhat pointless if the income consistently forms part of a negaive total return.

Fingers xxd that the current momentum can be maintained.
Posted at 24/4/2024 11:04 by 2sporrans
panshanger

now on a premium of ~2%.

sp risen to 234p; NAV declined a little further to 226p.


decided, this am, to sell ~45% of my holding; the above being the immediate spur.
tbh, i remain skeptical that Sat [Durha] is going to do much to improve the relative performance of the fund, which in Total Return terms has been abysmal over any timeframe of a year or more since the pandemic collapse, early 2020.

trade was lucky enough to coincide with a bit of a dip in AAIF; so i reallocated 90+% of the HFEL proceeds into that.
AAIF also goes XD tomorrow.
A mere 5.7% yield but the divi has been rising much faster than HFEL's and far better TR.
Plus, its on about 11% discount to NAV.

Still have over £45k in HFEL.
See how it goes over the next year, especially relative to peers.
Posted at 08/4/2024 14:12 by njb67
Within Asia Pacific, I mainly hold AAIF. Share price and NAV have beaten benchmark over 1, 3 and 5 years. Pays 5.7% yield and has increased dividend for last fifteen years.

HFEL dividend is imv more a sign of poor management over recent years than a reflection on the health of the underlying business. HFEL appear to have chased annual dividend increases to the detriment of total share price and NAV return. Recent acknowledgment of this issue and a commitment to change approach have brought me back to HFEL. I have for now a small position and will wait and see if overall performance improves. I would prefer to see the dividend consistently fully covered by income, even if this means a reset of the dividend to something more sustainable. A 7% yield would still be sector leading.
Posted at 17/1/2024 10:46 by 2sporrans
While there is plenty of doom & gloom to be read wrt economic and investment situation in the Asia Pacific region, especially if China focused, i keep finding positive news in the mix.

I realise that posting up on another fund's performance isn't quite what some here want to read but i hope the underpinning +ve message, one of robustly growing dividend payouts across Asia, is well received.



"The total dividend for 2023 amounts to 11.75p, representing an increase of 17.5% compared to the previous year (2022: 10.00p), and the Board is pleased to note that this represents the fifteenth consecutive year of annual dividend increases and means that the Company continues to be a "next generation dividend hero" as recognised by the Association of Investment Companies. The dividend for the year equates to a dividend yield of 5.8% based on the closing share price of 201p on 12 January 2024 and is expected to be fully covered by earnings for the year ended 31 December 2023."

I still keep a reduced holding in HFEL; building in AAIF the past 2 years.
AAIF, with a greater focus on "Quality" companies, has a substantially better total return performance and the [fully covered] dividend growth is far faster.
Also AAIF trades at 13% discount to NAV, HFEL 4 to 5% lately.

The question remains with HFEL:
How much of the very high - now ~12% - divi is paid out of fund income and how much from capital, or capital sacrifice?
Posted at 18/10/2023 11:10 by 2sporrans
The discount to NAV is finally widening substantially; this exacerbates the share price underperformance v peers.

The share price fell 4.3% more than the NAV over 2023, up to end Sept.
Since then i make it fully 2% further relative decline; over 6% of relative decline in all.

The discount to NAV was 4.4% at yesterday close; there was a premium of between 2 and 3% during Q1 this year.

Looking at the discounts on peer trusts that are performing a lot less badly, they are typically a good 10% wider than that now for HFEL.
This does not auger well.

Then again, suppose that if there is a rally AND the HFEL NAV outperforms peers, it is conceivable the discount will actually narrow and the share price therefore outperform too.
Not my expectation.

Not reducing my holding further att; the dividends will continue to be invested elsewhere.
Next xd 26th Oct.
Posted at 15/9/2023 23:08 by investingdad
Post 1552Posted 22/8You claimed that HFEL was going to 110p or 130p because you had been watching Jim Cramer that day. HFEL share price at close 210.5p Inverse SS is the way to go. He does the research*, so you don't have to.
Posted at 23/8/2023 13:52 by 2sporrans
Another observation, on the ridiculous premium to NAV that for ages was around 2 to 3%:

Well, the past few days the premium has finally crumbled.
The HFEL website says it has turned to a ~2% discount, as the share price plunge headed to ~210p.

This is not trivial.
That's a -4% swing over a few days, substantially exacerbating the share price decline.

The question is, what discount is appropriate?
Methinks a much deeper one, albeit i'm hoping it won't materialise, still with substantial holding.
Take AAIF, with a decidedly superior total return over and pretty much throughout the past 3+1/2 years.
Currently on a 12.5% discount.

Why should the HFEL discount not be some way greater than that, like 20% or lower?
Just saying.
Posted at 23/7/2022 10:36 by kenmitch
zaco_4

The covid share price low of 270p wasn’t much lower than it is now. I would agree with you about lack of potential share price upside if the share price was nearer to the 340p or so high of the last couple of years. But at current 282p share price there could well be 20% or so share price upside on top of that great 8%+ dividend yield.

Conversely over £3.20 and THEN the downside case and dividends being wiped out by capital loss would be much more convincing.

And surely that very high yield should support the share price against further significant share price fall. After all a 270p share price and 9% annual dividend would look a no brainer for investors wanting a big reliable dividend paying Investment Trust. AND upside potential would then be higher too.

If the share does fall further and as long as there doesn’t seem to be a risk of a dividend cut, then arguably there’s a stronger case for buying more rather than selling should that happen. I will likely add to my stake if the share goes below 270p, but fwiw I don’t think it will because of the high yield supporting against further downside at 270p.
Henderson Far East Income share price data is direct from the London Stock Exchange

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