|M&g High Income Inv Tst
||INC SHS 1P
||EPS - Basic
||Market Cap (m)
|Nonequity Investment Instruments
Real-Time news about M&G High (London Stock Exchange): 0 recent articles
|aleman: M&G High Income Investment Trust's board has resolved to declare a second interim dividend of 1.60p, an increase of 6.7% (2014: 1.50p) per income share, for the three months to 30 November. The dividend will be paid on 25 February to income shareholders on the register at the close of business on 29 January. The ex-dividend date will be 28 January 2016.|
|jimbo3352: MGHI nav was 56.91p yesterday. If my arithmetic is correct the yield is c14%. In my simplistic view, it's worth holding for the income which will compensate to some extent for any further drop in the share price. It is unlikely that holders will get 70p on redemption but I'd still be happy with a lower figure if I do hold to term. While I do think there will be a sustained bull market, I'd be surprised if there is not some recovery between now and 2017. Perhaps Aleman can tell me if I have overlooked hurdle rates.|
|lord gnome: This is looking very sick indeed. Great dividends, but the share price is dropping like a stone. There must be some concern about the final payout and what will be left for the income and capital share holders once the zeros have been paid out. We need a bull market run over the next two years. (Apologies for stating the bleeding obvious).|
|lord gnome: NAV moving up strongly in a rising market and yet the share price is becalmed. Strange.|
|oniabsta: Hurdle rate has not been mentioned here, the IT industry standard measure used to assess whether a predetermined price will be paid on maturity, It takes into account expenses and costs. I think it can be misleading to quote big discounts without this.
Talking to the Co. secretary and gleaning some relevant facts (e.g. estimated Mgt.fees till w/up) has enabled (what I believe to be a reasonably accurate) calculation of the hurdle rate for getting back the current share price i.e. 47.125p and the inc share entitlement of 70p.
I reckon the total funds will have to grow by 3% per annum for the current income share price to be returned and 5.85% per annum for the 70p.
In any event after explaining too the co sec that there was a dearth of info on this company including the lack of monthly fact sheets giving (as far as i'm concerned) the all important hurdle rate, I believe State street will now include this with the quarterly accounts.
As always DYOR
I am a holder of inc shares.
Lord gnome the final entitlement of the zdp's is 122.83p. they are not a producing
asset like equity but a liability that the trust has to pay at a monthly rate of 0.76% compound, so the price rises accordingly. (they had the money from them to invest in equities at the start, the gearing).|
M&G High Income share price data is direct from the London Stock Exchange