|Henderson Far East Income
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||Market Cap (m)
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Henderson Far East Share Discussion Threads
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A brave short term call from shares magazine. A lot depends on currency movements (pound), market sentiment, the Trump effect, world events, Trans-Pacific Partnership etc. All things being equal I would expect the dividend to be increased in August, but as HFEL is in my ISA portfolio as a LTBH I would tend to add shares if there are any hiccups.
Long term HFEL should do well for the reasons outlined in the shares magazine article.
Happy New Year to all readers on this board.
|From Shares Magazine of Dec 15th: "There's a strong chance of double digit dividend growth from the portfolio this year ... Debt levels in Asia are very low and free cashflow is going through the roof."|
|I do like this trust currently trrading at a small discount to NAV and also AAIF which is trading at a much larger discount (approx 12%),and busily buying back its own shares at a healthy discount most days.Though nobody likes to see their investments fall in value,in times of turmoil it can be a great way of adding to long term value (providing of course that we are not on a way trip to armageddon).
I'm always a reluctant seller,and place a lot of faith in the managers to make the right decisions at the right time.
The buy,hold and top up paid off earlier in the year when i was able to pick these and AAIF up 25% cheaper than current prices,and won't be afrid to do so again,if the falls continue.
It has also paid off handsomely when i started buying back into the commodity sector (BRCI and BRWM),when they reached their 2008 lows.
Why such a reluctant seller when prices are falling ?
Because they are usually followed by large rises at unexpected times,often at times when you are no longer holding,so if i do sell,i much prefer it to be when markets have been on an upward trend for some time.|
|20p of dividends were paid out of 21.13p of income. And the outlook for dividends:
The outlook for dividends is the region's most compelling feature. The strong cash flow generation and low dividend pay-out ratio provide real optimism for strong dividend growth while the cushion this provides gives comfort that dividends are sustainable should unforeseen global events call into question levels of dividend pay-out.|
|Henderson Far East gains from Brexit vote
Thu 10 Nov 2016
Investment Trust Henderson Far East, which provides a diversified portfolio of investments traded in the Asia Pacific region, reported a positive total return for the year ended 31 August 2016 due to the devaluation in Sterling following the result of the EU referendum. The company's proposed annual dividend rose by 4.2% to 20p, which maintains the significant yield advantage that the group achieves over other Asian income investment companies. The net asset value total return was 32.1% whilst the share price total return was 33.4%, reflecting the small uplift in the company's premium rating.
Chairman John Russell however cautioned that "global macro uncertainties continue to unsettle global stock markets which means that the volatility which has been a feature of the last two years looks set to continue." The company also issued 2.1m shares during the year to raise £6.3m at a premium to asset value thereby enhancing the NAV per share for existing shareholders. A further 350,000 shared were issued since 31 August 2016 raising £1.2m. The share price fell by 0.3% to 337p on Thursday.|
|As at close of business on 2nd November 2016, the unaudited net asset value per share, calculated in accordance with the AIC formula (including current financial year revenue items) was 353.7p.
As at close of business on 2nd November 2016, the unaudited net asset value per share (calculated excluding current financial year revenue items) was 346.3p.|
|25 October 2016
HENDERSON FAR EAST INCOME LIMITED
Fourth Interim Dividend
The directors have declared a fourth interim dividend of 5.10p (five point one zero pence) per ordinary share in respect of the year ending 31 August 2016. The dividend will be paid on 30 November 2016 to shareholders on the register (the record date) on 4 November 2016. The shares will be quoted ex-dividend on 3 November 2016.|
|362.1p so discount is growing a bit.|
Market sentiment still look good here. On a TA viewpoint the 2015 highs were tested but for the moment offer resistance. I hold for the long term so ignore the noise.
All in all very happy with HFEL.
|Looks like these have stopped trading at a premium - NAV up to 361.7p and should be up again today as the £ has fallen further. Probably around a 2% discount now.|
|Hold HFEL higher dividend UEM good defensive in infrastructure AAIF SOI ANW MYI all relatively good dividend payers.
Also long term for growth not dividend
JII and VOF.
Been rewarded thus far|
|Corguv, have good position here. What other Asia Pacific Investment trusts do you recommend ( either income or superior growth ) ?|
|Held these for some time along with other Asia Pacific Trusts. Quarterly dividend of 5.1 pence is a powerful incentive to hold if you want income in a world of slashed interest rates and QE. Political and Economic risk has also swung in favour of Asia/Pac. Re Trump and Brexit/Europe mess.|
|Ex dividend on 4th August I believe. Not long to buy.|
|Hi Soupdragon55 and Skinny,
Very pleased with the increased dividend here. In the very short term the share price is well up with events. I hold these for the long term and HFEL has plenty of potential for dividend and capital growth over the next few years.
|As at close of business on 26th July 2016, the unaudited net asset value per share, calculated in accordance with the AIC formula (including current financial year revenue items) was 340.9p.
As at close of business on 26th July 2016, the unaudited net asset value per share (calculated excluding current financial year revenue items) was 334.2p.|
|Divi increased to 5.1p|
The NAV has certainly been rising strongly of late. I am not sure of the date of the next dividend announcement but it should be this week or next and I expect a good uplift in the quarterly payment. Perhaps not quite as much as Clausentum would like as linking the dividend to the fall in sterling would be risky. A sustainable dividend increase is preferable.
|Up 15% since the Brexit referendum result.|
|Sterling fell by about 10%, so it was to be expected that the NAV of HEFL should increase by 10% in GBP. Presumably that will also mean that the EPS will also increase by 10% in GBP. Are we therefore likely to get a 10% increase in the dividend??|
|NAV 321.8p. £ fell a bit more overnight so could be higher today.|
|NAV 311.2p yesterday. Highest for months. Might be off a touch today, though.|
|Showing some very good resilience to the external developments which are currently hitting other financial stocks with a European exposure. :-)|
In fairness I think we shared the blame for the previous disaster with the cousins - guilty as charged, but fear not we will be able to claim 100% of the credit this time.|
|NAV here has probably risen near 10% over the two days since Brexit. It is interesting to think that the dividend might also rise for the same currency translation reason. Granted, we don't know what the knock-on affects of Brexit will be globally, but it beats being in some of the hard-hit sectors at the moment.|