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Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
---|---|---|---|---|---|
CT UK High Income Trust Plc | LSE:BHI | London | Ordinary Share | Ordinary Shares |
Price Change | % Change | Share Price | Bid Price | Offer Price | High Price | Low Price | Open Price | Shares Traded | Last Trade | |
---|---|---|---|---|---|---|---|---|---|---|
0.00 | 0.00% | 86.00 | 84.00 | 88.00 | - | 0.00 | 00:00:00 |
Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
---|---|---|---|---|---|
0 | 0 | N/A | 0 |
Date | Subject | Author | Discuss |
---|---|---|---|
19/5/2022 16:43 | Anticipate 2p payable in around 5 weeks. | 2wild | |
23/3/2022 17:57 | Date: 23 March 2022 LEI: 213800B7D5D7RVZZPV45 Dividend and Capital Repayment The Board of BMO UK High Income Trust PLC announces a fourth quarter dividend in respect of the financial year to 31 March 2022 of 1.55 pence per Ordinary share. This dividend will be paid on 6 May 2022 to Ordinary shareholders on the register on 8 April 2022, with an ex-dividend date of 7 April 2022. A fourth quarter capital repayment of 1.55 pence per B share will be paid on 6 May 2022 to B shareholders on the register on 8 April 2022, with an ex-dividend date of 7 April 2022. Capital repayments on B shares are paid at the same time and in an amount equal to each dividend paid on an Ordinary share. For the financial year to 31 March 2022, total dividends / capital repayments have increased by 2.8% to 5.45 pence per share (Financial year to 31 March 2021: 5.30 pence per share). Based on these distributions, the dividend yield on an Ordinary share was 6.4% based on the Ordinary share price of 85 pence as at 22 March 2022, and the distribution yield on a B share was 6.4% based on the B share price of 84.5 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.1% at the same date. For those shareholders that hold units (each comprising three Ordinary shares and one B share) the distribution yield on this unit holding was 6.6% based on a unit price of 330 pence as at 22 March 2022. | orinocor | |
24/12/2021 11:53 | The net asset value has risen to 101.14p. I topped up my holding at 90.6p. | orinocor | |
23/12/2021 16:29 | Ex dividend date is 6th January. Quarterly dividend of 1.32p | orinocor | |
23/12/2021 13:26 | BHI Manager Commentary NOV 2021 Philip Webster September’s weak equity market performance continued through October. There isn’t much in the way of recent news to report; the trends from the previous month have continued. As mentioned in the previous factsheet, performance has been hindered by a combination of the sectors we don’t have positions in, which have performed well, and certain stocks. The stock selection issues continue to be driven by the technology plays, which was also highlighted last month. There has been a rapid reversal from love to hate and, in some cases, it feels like I’m taking a contrarian stance as so many around me surrender. Perhaps this is how value investors have felt for much of the last decade. Thankfully, I’ve only had to endure this over the course of the year in a cohort of stocks that have been out of favour. In terms of earnings, we are getting close to the end of the third quarter results. I’ve listened to dozens of conference calls and the same themes keep arising: inflation, supply chain constraints and elevated freight rates. Overall, we are reasonably well insulated from most of these pressures given the business models that we own and their ability to pass this through in price. Where we are seeing headwinds, we believe these are manageable because they are well understood or because the valuations reflect the risks. In my opinion, the market continues to sleep-walk into the hot momentum sectors where we have seen a huge rerating. These stocks are, in most cases, priced for perfection and we are beginning to see share prices declining on upgrades; this tells you how extreme these have become. I don’t want to preach, but the rules of risk and return, or ‘greed’, are permanently etched in my memory; these tend to come back to haunt markets. I have no idea what will drive the next sell-off, but valuation risk, unlike some of the others, will be so obvious in hindsight. For the second month in a row, I have made no changes to the portfolio. Where I am fighting noise and sentiment, I am stepping back and keeping my powder dry. I feel that there is a huge amount of value in several of my quality companies but, sometimes, you are best not to fight the tide of sentiment. When this turns, I need to be active in raising weights so that we can get the maximum benefit when these companies do see a recovery. From the discussions I have had with these companies’ management teams, it feels like we are very close and that an earnings recovery is in sight. | orinocor | |
23/12/2021 13:22 | I was buying this one yesterday and also today. With the net asset value at 100.45p and the very generous 5.8% yield I think this is the best current way to get cheap exposure to large FTSE companies. | orinocor | |
15/12/2021 11:40 | With hindsight, a lot of income/value ITs that play in the FTSE100 got whacked yesterday even if not by that much (I follow TMPL, LWDB). Then again, BHI, being smaller, may not trade as much, so the bigger drop could have been linked to more volatility I guess. Stupid virus, half-expected future lockdowns and all that also contribute to a nasty background noise. | vacendak | |
14/12/2021 15:11 | Good luck. Maybe a bigger fish will try to gobble it up and you would exit at NAV. I mean it holds a lot of bland and uninspiring things, but bland means liquid, so someone could move in indeed. It has non-negligible gearing though, so the debt could be costly to buy back. Or, if the board decided to do its job, it might decide to opt for another manager, change the theme or even leave BMO altogether. At £126.9M this is stupidly small for something that is not specialist/exotic and "UK Income" is definitely neither. | vacendak | |
14/12/2021 14:22 | Certainly hasn't set the world alight, but I'm hanging on in there - along with a few other ITs. | poikka | |
14/12/2021 13:04 | That thing is still in my favourite, hence I picked up your post. Nope, no idea. From the latest portfolio update on the website, it does not look as if BHI holds the biggest faller of today (-7.15%), namely BT. BT is not in its top ten anyway. In fact it owns Beazley in that top ten and that is nicely up today. It is certainly not a surprise share-split because this is indeed a dog! It is below the benchmark on YTD/1Y/3Y/5Y with no genuinely interesting play, i.e. no backing of anything exotic that could bring a good surprise. I am glad to have sold BHI and switched to LWDB. Law Debenture may be "boring FTSE stuff" too, but there is a trustee business on the side that fuels the dividend which in turn allows for some moderate bets on growth companies. Also, LWDB trades at times at a premium and emits shares accordingly. | vacendak | |
14/12/2021 12:04 | Anyone know what the hell the share price fall is about? | poikka | |
05/5/2021 21:41 | Too small, not a lot of trades, never in the news and no actual conviction or big story to sell... this is why I dropped it. The only oddity that sets it apart from its peers is the capital structure with two different shares (capital distribution and dividend) and a hybrid third with the 3-1 unit split. Then again, not much use for it when inside a tax wrapper (ISA, SIPPS) anyway. | vacendak | |
05/5/2021 17:06 | Christ this is a real dog! | poikka | |
08/4/2021 11:41 | Had another look at this. Reckon I'll hang on in there, but it does occupy a bit more of my wad than I'd like. Thing is, it's all part of the whole show and a zero 3 months shouldn't be taken as indicative of the long term - obviously. I've had quite a fruitful period, all in all, and looks as if there's plenty more growth to come, barring the unexpected. The ftse has risen by less than 30% in 21 years. | poikka | |
08/4/2021 10:59 | Nice uptick for ASIT recently I admit, but disappointing since launch. Also a bit expensive on the charges, although it seems more actively managed as in "not much from the benchmark". Also this is a different beast from BHI: Small caps and split capital trust. We do not see many of those nowadays. BHI is more staid. | vacendak | |
08/4/2021 09:47 | I've also been buying ASIT lately. Currently on a 17% discount, with NAV up 20% so far in 2021. A real gem. | 2wild | |
08/4/2021 08:52 | This more or less summarises why I switched to Law Debenture last year. Of course, LWDB is now on a premium, so the decision is not as easy now as it was then - I hate buying at a premium. The switch was one of my very few "timing the market right" decision, I got into LWDB at around 10% discount (well, BHI was in the doldrums too, so I crystalised my losses). LWDB has shot back up with the so-called rotation back to value market feeling. I had given Philip Webster, the - back then - new manager some time. His idea of expanding towards FTSE250 was interesting. I also liked the old style oil and tobacco angle... then I got bored of BHI just being an average FTSE All Share tracker. Right now, it is merely tracking over 6 months, 2, 3 and 5 years. It only seriously beats its index on a 1 year basis at pixel time. In Bart Simpson's words: "A bit meh..." | vacendak | |
08/4/2021 08:00 | Has the investment manager gone to sleep? Come on, directors, wake him up! Gonna have another look at this and maybe cut back on it, no point in having 5.8% yield when there's sod all capital growth. Just as well my investments are well spread. | poikka | |
02/4/2021 09:00 | It's not being doing that well, lately. Doesn't appear to have much in banks and oil, both of which should be good payers this year and next, and in the meantime some decent capital growth. Probably got a bit too much here, but it's steady enough. | poikka | |
02/4/2021 08:19 | This is doing alright, but I do not regret my switch to Law Debenture (LWDB). | vacendak | |
02/4/2021 06:34 | 2021 Q1 NAV down 0.38٪ to 99.25p 31 March. Annual dividend 5.3p yielding 5.88% on 90p SP, paid quarterly. | 2wild | |
03/12/2020 08:38 | Not a bad set of Interims, they've done well. | poikka | |
13/7/2020 12:52 | After some more reflection, I have decided to exit BHI. I got into it by default back when I had my ISA with F&C (now BMO), and this was the default High Income trust in the stable. I liked it back then due to the mix of shares and bonds; then they dropped the bonds. It has been a few years now that I have moved to an investment platform and BHI does not seem to move as fast as it should despite the so called "high conviction" portfolio. So, I am taking my losses and shifting the proceeds to Law Debenture, as indicated earlier, it is bigger, smaller spread and beats ICT/FHI/BHI (three ticker changes in less than ten years!) over the long term. | vacendak | |
06/7/2020 15:59 | For UK income, I am now topping up with LWDB. Law Debenture is bigger, older, trades more, so narrower spread (I hold units in BHIU and the spread is 4-5%) and due to its structure has potentially better dividend prospect. LWDB and BHI shadow each other pretty well, with a slight advantage to LWDB; so I am not selling BHI since it does bring a good yield, but I shall stop adding to it. | vacendak | |
21/6/2020 20:21 | The post on TMPL from last year is no longer relevant. Temple Bar have made a call for a new team and the new selling point will be ESG and no longer value. | vacendak |
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