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ASL Aberforth Smaller Companies Trust Plc

1,362.00
2.00 (0.15%)
18 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Aberforth Smaller Companies Trust Plc ASL London Ordinary Share
  Price Change Price Change % Share Price Last Trade
2.00 0.15% 1,362.00 16:35:09
Open Price Low Price High Price Close Price Previous Close
1,362.00 1,362.00 1,370.00 1,362.00 1,360.00
more quote information »
Industry Sector
EQUITY INVESTMENT INSTRUMENTS

Aberforth Smaller Compan... ASL Dividends History

Announcement Date Type Currency Dividend Amount Ex Date Record Date Payment Date
31/01/2024SpecialGBP0.0908/02/202409/02/202408/03/2024
31/01/2024FinalGBP0.285508/02/202409/02/202408/03/2024
26/07/2023InterimGBP0.129503/08/202304/08/202325/08/2023
27/01/2023FinalGBP0.269509/02/202310/02/202308/03/2023
27/01/2023SpecialGBP0.08309/02/202310/02/202308/03/2023
26/07/2022InterimGBP0.120504/08/202205/08/202226/08/2022
28/01/2022FinalGBP0.242510/02/202211/02/202208/03/2022
27/07/2021InterimGBP0.109505/08/202106/08/202127/08/2021
29/01/2021FinalGBP0.22911/02/202112/02/202109/03/2021
28/07/2020InterimGBP0.10406/08/202007/08/202028/08/2020
29/01/2020SpecialGBP0.0406/02/202007/02/202006/03/2020
29/01/2020FinalGBP0.2206/02/202007/02/202006/03/2020
27/07/2019InterimGBP0.108/08/201909/08/201930/08/2019

Top Dividend Posts

Top Posts
Posted at 12/1/2024 15:33 by davebowler
Tip Watch #2: Keep faith in my 2023 investment trust tips - they WILL come good

So says This is Money’s Jeff Prestridge. The commentator opens his above-titled article by highlighting how in 2023 “…equity investing…proved very much hit and miss…” Why? Because of “…a mish mash of factors – from uncertainty over the global economy to continued geopolitical tensions and a toxic mix of persistent inflation and high interest rates.” What’s more “The performance of investment trusts reflects this uncertain backdrop…of the 380 stock market-listed funds covered by the industry's trade body, the Association of Investment Companies, only 210 (55 per cent) have generated positive returns during 2023 – returns including both dividends and capital gains, but excluding investor costs. Factor those in and the number of positive returners reduces further…Of course, when five-year performance numbers are looked at, the picture changes. Far more funds (three quarters of them) have delivered positive returns.”

As for Prestridge’s 2023 tips: “This time last year, I assembled an investment trust portfolio that I thought could deliver spectacular returns. Not necessarily straightaway, but certainly over three to five years. The portfolio comprised ten trusts…investing in different parts of the world, some for growth, others for a mix of capital and income return…What linked these ten trusts a year ago was the fact that their share prices did not reflect the value of their underlying assets. They were sitting at big double-digit price discounts…My thesis was that these bargain prices would not last forever –resulting at some stage in a performance boost. I thought that maybe the discount propellant might kick in this year.” The ten trusts are listed below:

abrdn New India; Augmentum Fintech; Herald; Seraphim Space; Aberforth Smaller Cos.; Brunner; Invesco Asia; Schroder UK Mid Cap; Templeton Emerging Markets; and VinaCapital Vietnam Opportunity

The article continues: “So what's happened to these trusts over the year? Have they delivered the stellar returns I thought they were capable of? The answer is no. I know this because I invested £100 in each of these ten trusts at the start of the year via my stocks and shares Isa. Looking at my Isa yesterday, the collective value of these holdings was £845.32. Add in the dividend income I have received of £15.09, and my £1,000 investment is now worth £860.41. In percentage terms, that is a significant fall of 14 per cent.” Despite the disappointing performance, Prestridge is sticking to his guns: “…I still believe that this portfolio will prove itself in time. Tellingly…nine of these trusts still have share prices at a big discount to the value of their underlying assets. These discounts will disappear if market sentiment improves. Maybe that will happen next year, maybe not. But I will hold these ten trusts until they sparkle.”
Posted at 27/1/2023 18:42 by topvest
A 34% increase in a well covered dividend. Nice!
Posted at 23/4/2021 05:42 by dodgedollar
Hi, I am new here. I am a seasoned private investor 20 years in the making and have held these shares for a decade, only selling up once to buy help with a home move. Stable mates are one Tech Trust and one world equities trust and thats it! This trust has, I believe, good management and have reliably made me money in that time.
I sold my business in late 2019 and dripped sizeable amounts for six months testing Pound cost averaging to death ( covid) Like many stocks this did take an unnerving dive, and it seemed some of their holdings did look questionable and I did question my sanity on occasion but, the dividend policy continued through having plenty on cash reserves and I through gritted teeth continued with faith. One thing I didn’t realise was how UK stock were out of favour but, alas, this situation is reversing to our benefit!
Posted at 05/12/2020 09:50 by skwas1
Hi all, any idea why ASL has outperformed ASIT over the last month (40% vs 23%). Considering the increased gearing of ASIT i fund this surprising.
Thanks
Posted at 09/11/2020 14:37 by king_baller
Big shift into small cap value going on with today’s vaccine news / sentiment. If, as is likely, there is Brexit progress in the near turn there could be a quick 30 percent bounce in ASL. Good opportunity to buy in at a particularly large discount, which I’ve taken.
Posted at 03/8/2020 23:01 by mw8156
well to give the chairman his due he has replied:
seems that they geared up the portfolio following the election in December in the expectation of a rally in British companies after any political worries of Corbyn had been removed. This seems fair enough even though it turned out to be the wrong option.
then they invested in a succession of duds, First group, rps, sig, ipf, urban and civic which were not offset by successes with CMC, Huntsworth, Dialight-results today>
Gulf marine and low and bonar.

mentioned the dividend reserve allowed a maintenance of the progressive dividend policy- doesn't greatly matter to me a 30 yr shareholder in the ISA would have preferred greater concentration or index tracking in utilities and capital preservation in retrospect.

Great turnover in stock in the portfolio over 30% a year suggests a lack of conviction in their holdings or ?poor quality stocks that continually need weeding out?

My general conclusion- danger that the trust will become a Temple Bar or 'MandG Recovery' type fund invested in many value traps that appear to have a good dividend yield but no moat.

Other conclusion is that yet to receive any apology from anyone at Aberforth...the extent of their reflection is that they are 'disappointed'--so am I!
Posted at 18/2/2015 16:35 by envirovision
Charges at .85% seem fair, dividend is poor though. Much prefer SDV, thks for thread though.
Posted at 07/2/2015 16:31 by topvest
I thought that I would start a thread on this trust. I do think that this is a really good investment trust with a disciplined value driven approach. It's delivered a total return of 14% per annum over 25 years and is on a reasonable discount and dividend yield. Never seems to get much interest, but I think it's the best run small company investment trust in the UK. Anyone else have any views?
Posted at 15/4/2014 08:55 by meblundell
Does anyone know why ASL is dropping??
Posted at 09/2/2014 10:59 by topvest
Aberforth as a manager are under-rated in my book. In 23 years they have turned £1 into £12 with a net asset value return per annum of 14.8%. There is also a good dividend record and a 2% yield. They just get on doing the business of buying lower valued shares in their index and selling when they appreciate to "fair value". I'm not sure that they deserve their discount rating as their record is very strong indeed. It's probably the wrong time to buy these, but I will add more at a suitable time.

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