Shires Income Share Discussion Threads

[rcturner2] 27/10/2016 11:23

trustnet is a very good resource

you can select all UK investment trusts and then order them by yield and the discounts are shown in the table

[orinocor] 27/10/2016 11:20

what else are you guys holding that's on a similar discount and yield?

[essentialinvestor] 26/10/2016 16:17

Bought a small amount earlier, price looks very reasonable to me,
if markets stay around these levels that is.

Dividend paid Friday from memory.

[spectoacc] 26/10/2016 12:56

@orinocor - that's NAV as of yesterday. Though if you paid "2"17p all-in, I'd agree it's nearer 14.9% than 13%.

[orinocor] 26/10/2016 12:50

well NAV is 255.29 and buy price is 117p so the discount just now is 14.9%

[spectoacc] 26/10/2016 12:44

11% average discount over past year, according to HL (who put today's discount at c.13%).

Just noticed Shires has been going since 1929.

[orinocor] 26/10/2016 12:40

I just bought some at 217p which is a 15% discount and a 5.6% yield.

This seems to be getting sold down. Not tracking the FTSE at all. I'm hoping there is an opportunity here. Whats a typical discount for this trust?

[spectoacc] 04/10/2016 15:19

Big fan of ASCI, I'd buy more if SHRS wasn't one of my top holdings already ;)

[bluemango] 04/10/2016 14:21

Yes, ex-div Thurs 6th, paid on 28th.

[essentialinvestor] 04/10/2016 12:32

ASCI their largest holding picking up the pace now.

NAV may be hearing 3.60 on tomorrow's update.

Nice 3 pence a share dividend, XD on Thursday paid later this month from memory.

[veryniceperson] 01/10/2016 12:04

Thanks ess

[essentialinvestor] 01/10/2016 11:31

There is a positive aspect to the Shires dividend outlook that
some may be unaware of- a very healthy reserves figure.

Shires have dividend reserves of well over 1 year, from memory it's
approx 14 pence a shares, which comfortably covers over 12 months worth of dividends.

[veryniceperson] 30/9/2016 18:25

I had my eye on these for a few months. They haven't move much. Waiting till ex divi day Thursday. Hopefully they may go down 4 or 5p then add some to my portfolio and pick up on the January dividend. They look ok to me.

[tel5] 30/9/2016 17:03

yes youre right its preference shares by and large

[essentialinvestor] 30/9/2016 14:25

It's preference shares I hope!.

Bonds a big no no for me atm, massive bond bubble by and large.

The monthly fact sheet on the Shires site shows their main holdings.

[tel5] 30/9/2016 14:21

absolutely and good mixture off bonds and equity in portfolio

[spectoacc] 29/9/2016 20:10

One of the nice things about SHRS - never far away from the next divi.

[tel5] 29/9/2016 17:36

still trading on a heafty discount to nav and a nice dividend due next week when it goes ex

[essentialinvestor] 12/9/2016 08:28

Added 9 at 223 in two trades.

If markets are heading a lot lower then not a good price.

[rcturner2] 08/9/2016 15:35

Still a 10% discount here with a 5.4% yield.

[essentialinvestor] 08/9/2016 15:28

3 pence Q1 dividend payable next month.

NAV nearing 2015 highs, while the share price is still well below the '15 high.

[rcturner2] 02/9/2016 11:55

The golden cross on the chart at about 205p has turned out to be accurate so far.

[spectoacc] 26/8/2016 15:10

@RCT - the likes of eg Shell will hold their divis come hell or high water, but the point is more what over-paying does to future returns. Can't sell assets to cover dividends indefinitely, and can't not invest indefinitely either.

I'd say having seen RIO cut, BLT cut, RR. cut, the banks divis ex HSBA all but disappear, it's more reality than risk.

Pharmas (when HRC becomes POTUS) could become interesting too.

[rcturner2] 26/8/2016 11:31

I hold both Shires and Merchants, they are both good trusts in their different ways.

Merchants is very much a large equity trust, with the yield increased by gearing and options. I think the risk of dividend cuts by some of the FTSE 100 big boys is there, but that risk is probably quite small and would not shave that much off the actual yield from Merchants.