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HFEL Henderson Far East Income Limited

227.50
1.50 (0.66%)
Last Updated: 09:31:12
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
  1.50 0.66% 227.50 102,024 09:31:12
Bid Price Offer Price High Price Low Price Open Price
224.50 227.50 227.50 225.00 225.50
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty -46.86M -56.24M -0.3451 -6.52 366.65M
Last Trade Time Trade Type Trade Size Trade Price Currency
09:43:53 O 6,000 226.48 GBX

Henderson Far East Income (HFEL) Latest News

Henderson Far East Income (HFEL) Discussions and Chat

Henderson Far East Income Forums and Chat

Date Time Title Posts
16/4/202410:08Henderson Far East Income Ltd1,897
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
08:43:53226.486,00013,588.80O
08:43:31226.466,00013,587.60O
08:42:59226.456,00013,587.23O
08:39:40227.3594213.71O
08:32:53227.352,1994,999.43O

Henderson Far East Income (HFEL) Top Chat Posts

Top Posts
Posted at 18/4/2024 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 226p.
Henderson Far East Income currently has 162,957,032 shares in issue. The market capitalisation of Henderson Far East Income is £368,282,892.
Henderson Far East Income has a price to earnings ratio (PE ratio) of -6.55.
This morning HFEL shares opened at 225.50p
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 08/4/2024 12:31 by speedsgh
Likewise my only exposure to this sector has been/continues to be HFEL. Have had a decent income since first bought in 2018 but if I'm honest the total return has been a bit of a disaster. If I were selling today, it looks like I would have been better off in one of the others. But I'm not planning on selling. If i were to add further to the sector, I would definitely buy one of the others based on a) risk diversification; b) relative past performance over 5-10 years.
Posted at 08/4/2024 12:14 by brucie5
Thanks speedgh, yes I'm aware of the excellent AIC site; my request was more towards specific recommendations based on investors' experience and thoughts on how best to ride what appears to be a new geographical bull market. I've been been in HFEL for years one way or another and it seems like a very good default. Perhaps there is no better, though the high dividend might make it less nimble.
But I will certainly check through these other ideas.
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 30/12/2023 17:13 by novision
Main Takeaway

It's also notable that the team will focus more on India, Indonesia and Taiwan, countries in which it has tended to have an underweight allocation. The team will also continue to focus on China, an allocation that has helped contribute to poor performance in recent years.

There are certainly reasons to be cautious about this shift in strategy. For one, it invites the risk of bad market timing. As Stifel analysts put it a few weeks ago: "While we think a rethink a strategy is welcome to allow greater flexibility in terms of investing, we wonder whether doing it now may lead to a rotation out of some names which have now already fallen and are now cheap."

The analysts also worried about the dividend being uncovered and argued that trusts such as Abrdn Asian Income (AAIF) looked more appealing. The Abrdn fund recently came with a share price dividend yield of 5.3 per cent and a double-digit discount.

As with other changes in strategy, investors might wish to wait and see how it works rather than diving straight in. But those who have already invested on the back of HFEL's huge yields might give the team the benefit of the doubt, for the time being.
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 27/9/2023 19:42 by speedsgh
Surely share price total return includes dividends distributed (hence 'total return'). If you were to exclude dividends, the share price return would be even worse.
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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