Henderson Far East Income Share Discussion Threads

[cashflow101] 11/7/2008 16:48

HFEL.L and its July toooooooooooooo

[hectorp] 12/4/2008 16:44

So it is! whats the epic of Henderson Far East INCOME Trust? I'll expect a reply in July.
H.

[cashflow101] 31/10/2007 15:58

Ummmmm,HFEL.L if you wanna be precise,they are now based offshore,for tax purposes,fast response wasn't it ??

[kiwi2007] 17/8/2007 11:28

is it now HFEL?

[cashflow101] 25/7/2005 16:45

Hows about this for a fast reply,aj ???

I must admit,I thought about selling some of my HFEs a few weeks back,having bought and sold a bunch last year. I still have my "core" hfe holding,so I guess with the benefit of hindsight ,we have both done about as well as each other.

Incidently,with a weakening £ (at least it is via the U$,I haven't really checked it via the Aussie etc,wouldn't that make,UK based ,HFE shares better off re earnings etc,or am I missing something here?,

Regards, Mike...............Whoops,just re-read yours, and see you said "weakening $" not £ as I first thought,well ofcourse in recent weeks,its been almost straight up for the mighty $................

[ajrice] 29/4/2005 17:42

Not that it's going to be of interest to many, if any, as this isn't the busiest thread around, but today I reluctantly sold all my HFE stock. Having first bought in @ 128p I made a reasonable profit but still regret the need to sell. I have worries that the $ is going to weaken further and that this will have a knock on effect on the valuations/earnings of F.E. & Australasian companies. Good luck to all those still holding.
aj.

[ajrice] 18/4/2005 15:31

........obviously, as buys easily outnumber sells, others think the same. Slashing prices on thin trading this morning doesn't seem to have worked too well for our mm friends!
aj.

[ajrice] 18/4/2005 08:49

On the back of two minor sells (each of 1400), mm's mark down HFE to within a 0.8% premium to NAV. Perhaps a good time to top up? All in my opinion only.
aj.

[ajrice] 24/12/2004 16:38

A merry Christmas and a happy, healthy & prosperous New Year to all HFE holders.
aj.

[ajrice] 30/7/2004 17:28

Good to see a director purchasing 13,000 shares today, cost around £22k+.
aj.

[cashflow101] 18/5/2004 15:54

Hi all, had a quick look in the AR yesterday,I see as of Feb 29th,some of their FE holdings were S Korea 12% Taiwan 11% and HK "only"16%. I noticed in yesterdays falls, SK T and HK's "H" index were all down more than 5%.Evidently Taiwan had the wind put up it by China again,ie do as we say or we'll come and invade you,not the sort of take over we are looking for I guess.

Cheers all, Mike.

[ajrice] 18/5/2004 11:40

Sorry, that last message should also have been addressed to cashflow.
aj.

[ajrice] 18/5/2004 11:38

>>>>enoch: you're quite right. HFE have no holdings in India although ramifications of this market will have had adverse effects on those to the east. Nice to see a little bounce back this am. Long term HFE has my complete confidence. Hope that's not a death wish!! LOL.
aj.

[cashflow101] 17/5/2004 12:17

would guess the recent SHARP share price moves, apart from general market movement,are the mm's knocking merry hell out of it,given its a small IT an all,regards, Mike.

PS,according to recent 1/2 time Annual report,don't think they have any holdings in India.

[enochthenocker] 17/5/2004 12:07

Though they don't appear to have much in India, they do have a lot in newly emerging markets and a high oil price hits their economies much more than those of the more developed nations (or so says todays FT).

Long term I do agree though that the Far East is likely to be the best place for investment in the long term.

[enochthenocker] 17/5/2004 10:26

They don't seem to have any holdings directly in India, or do they?



would suggest not. Anyway, I'm keeping my head down and powder dry at the moment. Oil, interest rates and the mess the USA have made in Iraq are hanging heavily over the markets and the chart looks pretty naff (though I'm no chartist).

Possibly missing a great opening but I wanna sleep nights ;-)

[ajrice] 17/5/2004 10:08

>>>enochthenocker: perhaps this morning's downturn, in part due to the Indian stock market, gives you the opportunity to top up? All the best........
aj.

[enochthenocker] 12/5/2004 11:51

Must eat some humble pie AJ. Afraid I read the interims as the finals and

"The company continued to achieve strong revenue growth with earnings per share of 4.5p compared to 3.7p in the comparable period of the previous year."

Of course you're correct as the above figures are only for six months.

[ajrice] 12/5/2004 10:01

>>>enochthenocker: I don't quite know where you get the income figure of 4.1p.
Checking on ADVFN's fundamentals for HFE this morning, I get the following numbers:
Earning per share basic: 8.99p
Dividend per share : 8.10p
Giving a dividend cover of:
1.11
aj.

[enochthenocker] 11/5/2004 11:42

It has traded as much as 25% below NAV in the fairly recent past!

A question regarding the dividend - Income is 4.1p and they pay a divi of 8.25p - any idea how they raise the extra 4p per share?

[ajrice] 11/5/2004 11:15

Based on yesterdays numbers, i.e. NAV per share 173.2p., mid market price 173.25p., there is now barely any premium so arguably now is a good time to top up. Personally I cannot see HFE trading at a discount to NAV in the foreseeable future.
I still see S.E. Asia and Australasia as high growth prospects despite the current downturn in the Chinese economy. At least this market isn't bound and gagged by the high levels of bureaucracy endemic in our "beloved" EEC which will unfortunately lead to a stagnated European economy. All of course in my opinion.
aj.

[enochthenocker] 10/5/2004 12:14

It's been trading at or above its NAV recently - and probably run a bit ahead of itself?

I'm a long term holder hoping it'll go lower in the short term - sound odd? Maybe, but I've been wanting to add but was finding it a bit pricy up at the 200p mark. Hopefully it may drop to 160p.
Long term it's still a super buy IMO.

[ajrice] 10/5/2004 10:13

Can anyone explain the sizeable share price drop this am; fundamentals appear OK; I guess it's one or more of the constituent companies performing poorly but can't pin it/them down.
aj.

[ajrice] 22/4/2004 16:46

Good numbers today resulting in higher future dividends; well done HFE management!
aj.

[ajrice] 06/3/2004 12:06

During the last three months we have seen the USD fall from $1.722 (5th Dec '03)
to $1.843 (5th Mar '04)- a decline of 7% against GBP.
Over the same period HFE's price has risen from 185.5p to 194p.(4.6%) It's NAV has risen by a similar percentage from 178p to 186.2p., again since 5th Dec '03.
Given that most S.E.Asian companies report in $, this seems to me to be a commendable performance. Admittedly the weaker $ has helped exports out of USD areas. There is also a significant amount of business within HFE's portfolio from Australasia but the A$ has also been adversely affected by the US$ weakness.
With the USD arguably at it's weakest level and the share price at a modest 4% premium to NAV, could this be a good time to top up?