Shires Income Share Discussion Threads

[aleman] 03/3/2010 14:32

Oooh - not quite, but pretty much equalled it, and the market up again today, too.

[aleman] 26/2/2010 14:13

Banks and insurers up strongly today. Could hit a new 18-month high on NAV.

[aleman] 19/2/2010 14:34

NAV picking up nicely this week. Shares not doing much as yet.

[aleman] 27/1/2010 11:30

January 2010

December was a fairly quiet month. Macroeconomic news flow was mixed. The markets chose to focus on the positives and equities generated further positive returns. The FTSE All-Share Index returned 4.3% and large companies outperformed their smaller counterparts with the FTSE 100 Index rising 4.4%. This ensured that the major indices ended 2009 at their year highs. There was positive news when it was announced that Dubai World would receive a US$10bn bail out from neighbouring Abu Dhabi. This removed the fear that the Emirate's problems would trigger further difficulties in the global economy. The potential for further negative shocks was demonstrated by the decision to downgrade Greece's credit rating and to revise Spain's downwards. In both the UK and US, employment data was better than had been expected though in the UK at least it was the more volatile part-time rather than full-time jobs that boosted the overall numbers in employment. The Bank of England made no changes either to interest rates or the programme of quantitative easing. One new holding was added to the portfolio during the month. Cobham, which operates in the aerospace and defence industry. It is focused in a number of niches that are critical to the development of many major future platforms. It combines a high level of long-term recurring income, significant intellectual property backing and a strong balance sheet. Features which appear to be being largely ignored by the market as it focuses on the uncertainty surrounding future levels of defence spending. Markets continue to rise, appetite for risk is at above-average levels and negative news flow appears to have an impact only in the short term. However, it is the case that the highly stimulatory conditions currently being experienced globally will have to be withdrawn eventually. In the UK there is a clear need for very significant fiscal tightening, monetary policy may be able to accommodate some of this but the outlook is difficult. Investors would seem to be pricing in future positive news flow, and the reaction to announcements that companies expect to exceed market expectations are often muted at best. It is unclear if we face the threat of inflation, deflation or neither, but it is clear that the potential for disappointment to cause a set back in the markets is real. We will continue to focus on investing in good quality companies with sound balance where we regard the valuations to be attractive in the long term.

[plasybryn] 18/1/2010 16:08

For those of you who also cover Glasgow Income Trust (GLS) it is now known as Troy Income & Growth Fund trading under EPIC TIGT. This is also part of the Aberdeen stable. They have lowered the risk, reduced the income slightly, but improved the chance of growth. Been performing quite well recently.

[aleman] 18/1/2010 14:57

NAV 15/01/10 178.69p (inc. 2.72p acc. income)
Close 170p
Discount 4.9%
Yield 7.1%

[aleman] 07/1/2010 12:44

Just remembered these went ex-dividend yesterday by 3p.

[aleman] 04/1/2010 16:48

NAV 30/12/09 180.48p (inc. 6.11p acc. income)
Close 169.75p
Discount 5.9%
Yield 7.1%

[aleman] 30/12/2009 16:32

30 December 2009

Shires Income PLC

Second Interim Dividend

The Board of Shires Income PLC has declared a second interim dividend of 3.0p per share in respect of the year to 31 March 2010 (second interim 2009 - 4.4p) payable on 29 January 2010 to shareholders on the register at close of business on 8 January 2010.

[aleman] 29/12/2009 17:23

NAV 24/12/09 179.88p (inc 6.03p acc. income)
Close 169.75p
Discount 5.6%
Yield 7.1%

[aleman] 14/12/2009 16:57

NAV 11/12/09 176.11p (inc.6.03p acc. income)
Close 169.75p
Discount 3.6%
Yield 7.1%

[aleman] 19/11/2009 08:26

Good results and 8% increase in dividend from National Grid this morning. Was 2.6% of SHRS assets at last results but down to less than 2.4% in October..

[aleman] 16/11/2009 15:21

NAV 13/11/09 178.12p (inc. 4.74p acc. income)
Close 172.5p
Discount 3.2%
Yield 6.9%

[aleman] 19/10/2009 15:40

NAV 16/10/09 173.95p (inc. 4.36p acc. income)
Close 168.5p
Discount 3.1%
Yield 7.1%

[aleman] 08/10/2009 15:51

Forgot these went ex-dividend by 3p yesterday so NAV still holding up okay.

[aleman] 07/10/2009 14:58

Just playing catch-up with NAV.


September 2009

A number of holdings were top-sliced, these included Marks and Spencer, Millennium & Copthorne and GKN. The holding in Imperial Tobacco was exited. The proceeds were used to top up BHP Billiton and Pearson

[vandyke2] 06/10/2009 17:18

Nice rise in the share price today
Whats the reason?

[aleman] 05/10/2009 14:12

NAV 02/10/09 170.68p (inc. 7.08p acc. income)
Close 157.25p
Discount 7.9%
Yield 7.6%

[aleman] 01/10/2009 14:32

1 October 2009


Shires Income PLC

First Interim Dividend

The Board of Shires Income PLC has declared a first interim dividend of 3.0p per share in respect of the year to 31 March 2010 (first interim 2009 - 4.4p) payable on 30 October 2009 to shareholders on the register at close of business on 9 October 2009. After careful consideration of the Company's projected income generation, the Board anticipates that the Company should be able to pay a dividend of 12.0p per share in the year to 31 March 2010. The Board believes this level of dividend is more sustainable in the current economic climate and more consistent with the objective of achieving growth in both capital and income.


Shires Income PLC is managed by Aberdeen Asset Managers Limited


End

[aleman] 21/9/2009 16:38

NAV 18/09/09 172.87p (inc. 5.57p acc. income)
Close 161p
Discount 6.9%
Yield 7.5%

[aleman] 14/9/2009 20:02

NAV 11/09/09 167.21p (inc. 5.52p acc. income)
Close 158p
Discount 5.5%
Yield 7.6%

[aleman] 24/8/2009 15:45

NAV 21/08/09 158.88p (inc. 5.02p acc. income)
Close 143p
Discount 10.0%
Yield 7.6%

[aleman] 11/8/2009 12:04

NAV 7/8/09 152.23p (inc. 3.71p acc. income)
Close 147p
Discount 3.4%
Yield 7.9%

[aleman] 20/7/2009 17:00

NAV 17/07/09 135.73p (inc.3.5p acc. income)
Close 128p
Discount 5.7%
Yield 9.4%

[aleman] 13/7/2009 13:32

NAV 10/07/09 128.74p (inc. 3.52p acc. income)
Close 128p
Discount 0.6%
Yield 9.4%