Shires Income Share Discussion Threads

[essentialinvestor] 17/4/2024 12:50

Sold a few today.

[citytilidie] 16/4/2024 16:32

Great volume today with hundreds of trades going through, not just a large cross. Hopefully something in the offing

[essentialinvestor] 16/4/2024 14:52

They may have recommensed buying back.

A merger with AEI on the cards, sooner or later.

[rcturner2] 05/4/2024 21:43

Aberdeen Equity Income 8.2%
Henderson High Income 6.5%
Taylor Maritime 8.2%

[citytilidie] 05/4/2024 20:02

Always seems to be lots of 1100 SETs trades going through on a daily basis. I thought they were buy backs for a short time but obviously not. Some institution is surely picking them up, and I can see a takeover or merger coming soon. Although it would be good, due to mergers etc, I am starting to run out of good quality stocks with a reliable decent yield . Any good suggestions would be would be appreciated, probably I would imagine for the majority of people on this BB

[essentialinvestor] 04/4/2024 17:06

Another 3.2 pence divi, hopefully the Q4 nearer 4 pence.

Should be a new 12 month high on NAV, at today's close, but share price not responding atm

[essentialinvestor] 27/3/2024 16:24

Overdue move, buying back again today it seems

[essentialinvestor] 22/3/2024 15:29

They may be buying back again today.

[rcturner2] 22/3/2024 08:15

I have taken a nibble here today as the discount and yield are attractive.

[essentialinvestor] 21/3/2024 18:39

They are buying back shares, about time.

[essentialinvestor] 21/3/2024 15:58

NAV (with income) will be nicely over £2.50 on Friday's update.

[essentialinvestor] 21/3/2024 13:08

Signs of life emerging - still Very cheap.

[citytilidie] 20/3/2024 12:48

Looks as though they might hopefully be on the turn again. About time considering the NAV is around the 250 level, plus another 3.2p XD due soon. With the quality of the shares they hold they must also be an attractive merger candidate.

[sorleighmcleod] 20/3/2024 09:31

Two too small trusts merge and all the benefits go to ASCI but SHRS is still too small not least because many ASCI ran for the hills. What is the board doing to close the discount? Can’t see that this trust has a future especially if parent Abrdn is taken over and broken up. Takeover by MUT?

[kiwi2007] 19/3/2024 12:10

Technicals are awful but I don't see it dropping much past 208p ish.
Prefs and market generally will perk up when rates drop and discount could narrow markedly in days.

Will enter when the 14 crosses the 50 which might be soon.

[essentialinvestor] 19/3/2024 09:55

DEC divi cut, what a shock, not.

[essentialinvestor] 14/3/2024 09:33

Comments are welcome - consensual echo chambers tend to add little.

I bought on an expectation a 12/13% NAV discount may tighten as the UK rate cycle turns - coupled with the payment of quarterly dividends in the meantime.

The longer term buy case I did not look at, however agree money leaving the UK market is not supportive.

[spectoacc] 14/3/2024 07:02

Couldn't resist earlier comment, apologies to holders ;)

But a bunch of mainly large caps, and a load of prefs, for a discount yet with a load creamed off the top (around a fifth of the income) for "management".

Why not just buy a couple of decent prefs and a tracker? Your yield would be greater, your management charges zero.

I think that's SHRS' problem, in a world where money is leaving the market for 3 years running. Either the costs need to be much lower, or the discount wider, or the performance exceptional. Or even just half reasonable.

(HL has the Ongoing Charge at 2.07%, but I take that with a pinch of salt).

[essentialinvestor] 13/3/2024 20:56

Recent share price performance has been woeful, however on a NAV basis it looks better - all be it not wonderful.

With income NAV at today's close is likely over £2.50 a share, that's around 3% below the 12 month high hit last May. In May 2023 Shires traded near £2.60 - so the damage done is in a very significant widening of the discount to net asset value.

[spangle93] 13/3/2024 18:14

I thought that even if it didn't outperform that FTSE-100, it would at least reflect it, but it doesn't even seem to manage that.

[brwo349] 13/3/2024 18:10

After the merger the ten largest equity holdings are now (%)

AstraZeneca 4.4
Shell 3.6
Morgan Sindall 2.9
HSBC 2.7
BP 2.5
Rio Tinto 2.4
Energean 2.4
Intermediate Capital 2.3
Hollywood Bowl 2.1
4imprint 2.0

Total 27.3

[brwo349] 13/3/2024 18:09

Not dying just temporarily cheap.

Jan 24 factsheet

[spectoacc] 13/3/2024 15:49

SHRS - where money goes to die.

[brwo349] 13/3/2024 15:34

Third Interim Dividend

The Board of Shires Income PLC has declared a third interim dividend of 3.2p per share in respect of the year to 31 March 2024 (2023: third interim dividend - 3.2p) payable on 30 April 2024 to shareholders on the register at close of business on 5 April 2024.

[brwo349] 13/3/2024 15:33

In for a few more at 213.28p with the net assets value currently 250p