|Acorn Income Fund
||EPS - Basic
||Market Cap (m)
Acorn Income Fund Share Discussion Threads
Showing 101 to 123 of 125 messages
|Yes I think yesterdays Edison report has attracted some support.|
|now the greek problem is behind us and the shares here have benn on the up recently- why the is the hesitation to buy or am i missing something|
|ASCH now on a much higher discount to NAV -almost 20% !
NAV Issue NAV Date
Cum-income NAV* 366.40p 15,468,334 24th April 2015|
|Thanks Dave. But in fact I have resolved to buy nothing now pending result of the election and resolution of the Greece situation.|
|ASCH is 3.2% and AIF is 4.2% but ASCH is on a slightly wider discount to NAV with lower gearing.|
|How does the yield compare?|
|ASCH looks better value to me.|
|zero dividend preference shares act as leverage on the quoted share price magnifying gains and losses in the NAV. At expiry they must be paid back which in Acorns case would reduce the size of the fund. It can create a bit of mess if things start to go badly but the existence of ZDP go some way to explaining Acorn outperformance in the past and dividend yield. I would expect a new issue and there is the security of the bond holdings so on balance OK.|
I have been picking up a few AIF recently, and they look oversold.
I have been a long-term holder of JIGI, and they are now just under two years away from wind-up.
On a projected dividend flow of seven quarterly payments of 1.1p, and meeting the final NAV, there is a 16.9% return. The NAV is currently covered 1.1x. There is some gearing in place, so bear that in mind.|
|GopherCan you explain the issue you raise re the ZDPs please as still learning? Thanks|
|I have now bought in, there are few other mainstream investment trust offering a 4% plus yield on a 15% discount. Its not a popular sector at the moment and there are other trusts who have been hit with widening discounts. The only negative for me is that the ZDPs will need rolling over in 2017|
|Am I missing something? NAV something like 16p a share higher than a couple of months ago but share price falling like a stone??? What's going to close the discount which seems ridiculously large at the moment. Share price has never recovered from untimely death of the fund manager it seems.|
|SP now trailing NAV by about 13%. Seems a little harsh.
The 'largest holdings portfolio' performance has been very positive lately.|
|£2 and it would become a tempting income yeilder|
|Sorry Alrorob, can see no support today - price still falling (-2.9% now), but I will certainly be getting back in when it does recover.|
|Having a good ponder on this myself. See it as oversold in the short term so due a bounce. Some support at 300p - but then a big gap to strong support in the 200p area. Chart sure looking sick. Pondering on holding for the bounce - but if bounce feeble - then take my losses.|
nearly 25% off my peak wonder if i should move to a small cap etf|
|More good news today.|
|Shame they announced the transaction in their own shares at 17.30! Not an ideal time. Still watch the NAV not the share price|
|I believe they can buy back shares to manage the discount if it gets too wide.
At the moment the weakness looks silly and we should judge its performance on the the NAV performance.
As long as that stays strong, the share price will recover at some point so this makes it good value right now.|
|Nice discount now. Do they have a process for managing the discount.|
|Looking like we get a little bounce. Wonder why no NAV RNS for yesterday?|