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SHRS Shires Income Plc

230.00
6.00 (2.68%)
26 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shires Income Plc LSE:SHRS London Ordinary Share GB0008052507 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  6.00 2.68% 230.00 90,241 16:35:10
Bid Price Offer Price High Price Low Price Open Price
228.00 232.00 226.00 226.00 226.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end -372k -2.03M -0.0490 -46.12 93.76M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:26:05 O 400 228.104 GBX

Shires Income (SHRS) Latest News (1)

Shires Income News

Date Time Source Headline
26/4/202412:45UK RNSShires Income PLC Net Asset Value(s)
25/4/202413:27UK RNSShires Income PLC Net Asset Value(s)
24/4/202412:11UK RNSShires Income PLC Net Asset Value(s)
23/4/202412:47UK RNSShires Income PLC Net Asset Value(s)
22/4/202414:04UK RNSShires Income PLC Gearing disclosure
22/4/202412:19UK RNSShires Income PLC Net Asset Value(s)
19/4/202412:46UK RNSShires Income PLC Net Asset Value(s)
18/4/202412:36UK RNSShires Income PLC Net Asset Value(s)
17/4/202412:08UK RNSShires Income PLC Net Asset Value(s)
16/4/202413:00UK RNSShires Income PLC Net Asset Value(s)

Shires Income (SHRS) Discussions and Chat

Shires Income Forums and Chat

Date Time Title Posts
25/4/202414:53Shires Income - 6.6% quarterly yield.501
20/3/202409:31Merger with ASCI-
15/5/200608:31....YIELD OF OVER 5%!!!!!...27

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Shires Income (SHRS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2024-04-26 15:26:06228.10400912.42O
2024-04-26 15:21:37228.10400912.41O
2024-04-26 15:11:20228.109232,105.37O
2024-04-26 14:47:50233.00203472.99O
2024-04-26 13:50:24226.0014,94833,782.49O

Shires Income (SHRS) Top Chat Posts

Top Posts
Posted at 26/4/2024 09:20 by Shires Income Daily Update
Shires Income Plc is listed in the Mgmt Invt Offices, Open-end sector of the London Stock Exchange with ticker SHRS. The last closing price for Shires Income was 224p.
Shires Income currently has 41,487,506 shares in issue. The market capitalisation of Shires Income is £93,761,764.
Shires Income has a price to earnings ratio (PE ratio) of -46.12.
This morning SHRS shares opened at 226p
Posted at 20/3/2024 09:31 by sorleighmcleod
Two too small trusts merge and all the benefits go to ASCI but SHRS is still too small not least because many ASCI ran for the hills. What is the board doing to close the discount? Can’t see that this trust has a future especially if parent Abrdn is taken over and broken up. Takeover by MUT?
Posted at 14/3/2024 07:02 by spectoacc
Couldn't resist earlier comment, apologies to holders ;)

But a bunch of mainly large caps, and a load of prefs, for a discount yet with a load creamed off the top (around a fifth of the income) for "management".

Why not just buy a couple of decent prefs and a tracker? Your yield would be greater, your management charges zero.

I think that's SHRS' problem, in a world where money is leaving the market for 3 years running. Either the costs need to be much lower, or the discount wider, or the performance exceptional. Or even just half reasonable.

(HL has the Ongoing Charge at 2.07%, but I take that with a pinch of salt).
Posted at 13/3/2024 20:56 by essentialinvestor
Recent share price performance has been woeful, however on a NAV basis it looks better - all be it not wonderful.

With income NAV at today's close is likely over £2.50 a share, that's around 3% below the 12 month high hit last May. In May 2023 Shires traded near £2.60 - so the damage done is in a very significant widening of the discount to net asset value.
Posted at 13/3/2024 15:49 by spectoacc
SHRS - where money goes to die.
Posted at 13/3/2024 15:34 by brwo349
Third Interim Dividend

The Board of Shires Income PLC has declared a third interim dividend of 3.2p per share in respect of the year to 31 March 2024 (2023: third interim dividend - 3.2p) payable on 30 April 2024 to shareholders on the register at close of business on 5 April 2024.
Posted at 16/1/2024 09:23 by pherrom
I think the merger has completed. I now have SHRS and no longer have ASCI.
Posted at 15/1/2024 15:46 by citytilidie
It’s a decent share with a ridiculous discount, and has a very reasonable and reliable quarterly income. There isn’t much to dislike about it, and at the current discount could easily be a target itself with all the investment trust consolidations going on at the current time.
Posted at 29/12/2023 16:04 by essentialinvestor
Dave, POLR is akin to a geared play on wider equity markets - at least the way I would look at it.

brwo, if you read back on previous posts, some reasons are dissused re share price performance/discount to NAV- your preference share point is also valid. That part of the market looks to be turning upwards on price.


Bought a few HHI before the close.
Posted at 21/12/2023 16:49 by citytilidie
Agree, but I think it will be sooner rather than later. NAV was 237p a couple of weeks ago and it’s now 252p and the share price has only risen 1 or 2p. The market will soon realise that a 12% discount is far too wide, and I think 235 bid is certainly reachable before this month is out.
Posted at 11/8/2023 14:51 by davebowler
Source: Numis Securities 10/8/23

Shires back in the ‘cheap’ seats
There are few changes in the Numis ‘cheap’ list from last week, but 6%-yielding Shires Income (SHRS) is back in the table on a 9% discount and -2.8 Z-score, with the share price of the £79m UK equity income fund weakening ahead of the absorption of £62m stable mate Abrdn Smaller Companies Income (ASCI), announced last month.

In the trust’s June fact sheet, fund managers Iain Pyle and Charles Luke said the trust’s 14% stake in ASCI and its 20% holdings in high-yielding preference shares were weighing on performance. These interest rate-sensitive positions fall when the yields on government bonds, or gilts, rise, as they have done in recent months on the expectation that the Bank of England will have to hold interest rates higher for longer. Falls in the prefs knocked 0.65% off Shires’s net asset value in June, they said.

It looks like this could be another investment trust to benefit from more certainty over where inflation and interest rates are headed.
Shires Income share price data is direct from the London Stock Exchange

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