Henderson Opportunities Share Discussion Threads

[nimbo1] 26/1/2017 11:29

just had to pay 926 for a top up

[nimbo1] 26/1/2017 10:32

Yep it is a continuation vote and happens every 3 years. It is this spring at the AGM. An opportunity for shareholders to vote to receive NAV...who wouldn't at a discount of 25% (at purchase)....now narrowing rapidly as more catch on.

Mad Foetus I think that would be an excellent idea - they would probably offer a roll up or money back I would assume if they go down that path.

[mozy123] 26/1/2017 10:26

I wouldnt mind HOT rolling into Lowland, it would be good for us to close the discount to 7% for a quick low double digit uplift.

There is a continuation vote this year?

[mad foetus] 26/1/2017 09:52

Agree with that nimbo, but bizarre that black rock have 2 smaller company funds both run by the same manager with very similar medium terms performance and differing discounts. Mind you, here, James Henderson runs HOT and Lowland, which has a 7% discount when I last looked and a market cap 6 times that of HOT. I wonder if they will propose to roll HOT into Lowland at the continuation vote?

[nimbo1] 26/1/2017 09:42

THRG looks good but I am not going to buy it because the top 10 holdings are almost identical to BRSC, they are both blackrock. Discount now slightly wider on THRG but no point swapping due to capital gains.

With the continuation vote soon we could see the discount closer to 10% here imo. Where it should be.

[mad foetus] 26/1/2017 09:34

Yes, nice to see some movement. THRG is another one with catching up to do, but HOT really was such an obvious buy a pound ago and probably still is mow.

[nimbo1] 26/1/2017 09:15

Finally it moves north a bit : ). Following BRSC... now if only ASCI would do the same. What are your views on the UK / US relationship - potential free movement of labour markets etc - could that drive a boom over the coming years or is that too hopeful in the face of Brexit.

[mozy123] 25/1/2017 14:48

Could be a variety of reasons but im not selling mine :)

[mozy123] 20/1/2017 09:45

subscription shares, tender offers, buy backs. Come on Henderson sort out discounts on HOT and HSL!

[nimbo1] 19/1/2017 22:58

The wind up vote is in a couple of months time - surely either the trust is wound up or the discount narrows?

[nimbo1] 18/1/2017 14:29

Interesting to see in the latest portfolio update some of the companies appearing in the top 10...clearly this trust was holding things like Keyword Studios and Blue Prism into their respective rallies. V good imo.

[nimbo1] 18/1/2017 10:58

well its back there again - going to £10 + I hope

[mozy123] 17/1/2017 11:31

It was better at 890

[nimbo1] 10/1/2017 09:02

I like HOT too. Now accounts for 5%. I think a move to £10 should happen at some point. Perhaps on the next dividend announcement if it grows by the same amount as last time round. Last NAV announcement shows 17.3p of income available.

[nimbo1] 10/1/2017 08:51

thanks for your thoughts - useful.

[topvest] 09/1/2017 19:59

Don't like Manchester & London. The yield is from trading and not sustainable as the company has already said. Its a dog of a trust with a poor manager in my view, who is the wide boy son of the original founder. Like HOT though.

[nimbo1] 09/1/2017 19:06

That was my take on it too. It's top 10 are all things I am happy owning so bought some today. Probably an easy 10% there at some point as long as the markets don't dive.

[mozy123] 09/1/2017 18:41

I like MNL for the discount - but its majority controlled by someone who has 69% of the trust. Poor past performance, and now full of FANG.

[nimbo1] 09/1/2017 17:33

That would be sensible - purchased another one today incase anyone else in it or is interested - Manchester & London Investment trust. 22%discount + and a 4.5% yield. looking at the underlying holdings this is too high...

[mozy123] 09/1/2017 12:00

The last round of subs shares were almost all cancelled.

Get another block out to grow the trust, with a low strike price

Use some of the gearing to buy back stock

[18bt] 09/1/2017 10:16

Prob here is that mkt cap is under the £100m that many brokers and Institutions like to see. That doesn't bother me greatly as it provides deep value.

[18bt] 09/1/2017 10:13

I've topped up again having added substantially in early Dec. Sold out of ATST where the discount has tightened too much IMHO

[mad foetus] 09/1/2017 09:18

the last time discount was this big the next 12 months saw a 70% rise