|Henderson Far East Income Tst
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Real-Time news about Hend.Far East (London Stock Exchange): 0 recent articles
|cashflow101: 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.|
|ajrice: 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.
|ajrice: 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?|
|ajrice: For the first time in a long time HFE's nav is more or less at a par with it's share price making this, in my opinion, a very good time to buy/top up.
I just wish it was April '04, in which case I could add to my HFE ISA.
Best wishes to all HFE holders.
|ajrice: >>>JIMCAR: Interesting. A massive 22% discount to NAV! If that ever happened again HFE would represent a fantastic buying opportunity, as it indeed did then. Looking back at my records, taken at 6 month intervals:-
HFE price 6th July '01 - 122.5p
" " 4th January '02 - 136.25p.(A 24% increase over 12 months!)
" " 5th July '02 - 146.0p
" " 3rd January '03 - 136.5p
" " Today - 147.0p.(A more realistic value versus NAV imho)
Best wishes to all HFE holders,
|cashflow101: Hello Tony, I agree mostly with what you said, however,I see in recent days, Volume in HFE has been higher than MRCH,normally the other way around I think,which may indicate heavy selling ??
Anyway,last week,decided to take some profits in HF, selling half and have now shifted these funds into more Mrch.
Ofcourse,IF Sars turns very bad,then we are all going to be in trouble,both share price wise and every other way.So lets keep every thing crossed !!
Good luck, Mike.|
|ajrice: Notice from this month's personal finance that among all investment trusts in the "Far East excluding Japan" sector, HFE is the best performing fund over the last year and over ten years. All this, a high yield and it's share price is a shade under it's nett asset value.|
Henderson Far East Income share price data is direct from the London Stock Exchange