Share Name Share Symbol Market Type Share ISIN Share Description
Shires Income LSE:SHRS London Ordinary Share GB0008052507 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.125p -0.06% 222.375p 221.25p 223.50p - - - 30,306 16:35:23
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 0.0 3.6 12.1 18.4 66.71

Shires Income (SHRS) Latest News (1)

Shires Income News

Date Time Source Headline
21/10/201612:25UKREGShires Income PLC Net Asset Value(s)
20/10/201612:29UKREGShires Income PLC Net Asset Value(s)
19/10/201612:20UKREGShires Income PLC Net Asset Value(s)
18/10/201612:24UKREGShires Income PLC Net Asset Value(s)
17/10/201612:21UKREGShires Income PLC Net Asset Value(s)
14/10/201612:33UKREGShires Income PLC Net Asset Value(s)
14/10/201611:42UKREGShires Income PLC Portfolio Disclosures
13/10/201612:13UKREGShires Income PLC Net Asset Value(s)
12/10/201612:12UKREGShires Income PLC Net Asset Value(s)
11/10/201611:59UKREGShires Income PLC Net Asset Value(s)
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Shires Income (SHRS) Discussions and Chat

Shires Income Forums and Chat

Date Time Title Posts
04/10/201615:19Shires Income - 6.6% quarterly yield.271
15/5/200608:31....YIELD OF OVER 5%!!!!!...27

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Shires Income (SHRS) Top Chat Posts

Shires Income Daily Update: Shires Income is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SHRS. The last closing price for Shires Income was 222.50p.
Shires Income has a 4 week average price of 227.58p and a 12 week average price of 225.51p.
The 1 year high share price is 237.25p while the 1 year low share price is currently 0p.
There are currently 29,997,580 shares in issue and the average daily traded volume is 33,604 shares. The market capitalisation of Shires Income is £66,707,118.53.
kiwi2007: "...The key reason for the underperformance during the year was the Company's exposure to the financial sector where it is overweight compared to our benchmark index, both through direct equity holdings and through the preference share portfolio. Standard Chartered was the worst performer due to disappointing trading, management change and a rights issue. Close Brothers, Schroders and Prudential also underperformed although, operationally, all three companies' results were satisfactory and their balance sheets are in good condition. Another negative area was the exposure to the mining sector, where BHP Billiton underperformed...." Also there has been a general dumping of IT shares for the last few months (by those who know more than us?)..also SHRS is pretty small so only needs a couple of big sellers to move the discount down substantially. Seems like a good time to buy a few?
vandyke2: Nice rise in the share price today Whats the reason?
kiwi2007: I did receive a response Aleman : Thank you for your email. We believe that given the current economic downturn, the market is reacting negatively to Investment Trusts that have a highly geared structure, such as Shires Income PLC. As such, the lack of demand for these trusts is having a detrimental effect on the share price. It is very difficult to say when the current market difficulties will end and, as a result, we expect share prices to remain volatile, in absolute and relative terms, for the foreseeable future. If you want to go to voice they'll chat to you on 0500 00 00 40 NAV now 109p so not a huge discount.
jonwig: The share price is back to March 2003 levels, but the discount then rose to over 20% rather than the current 10%. The weakness of the share price is doubtless caused (as kiwi points out) by a financials weighting of 40% of the portfolio (O&G is 0%, resources about 7%). If the long-expected sector rotation is beginning, SHRS should be a good way to exploit it. Chances of that are good, for example, New Star Financial Opps Fund [NST] is up more than 8% over the past few sessions. (NST has similarities to SHRS in that it's geared and has a high yield of nearly 10% currently.)
jonwig: For most of 2004, the share price was 200-220p, and showed a discount of up to 14% of NAV. This was when SHRS had to renegotiate its debts or break banking covenants. The discount is now 11%. The reason for watching the NAV is that the dividend payout is pretty static. In a bull market this stock tends to trade at a premium to NAV, so buying when the discount is very wide (now, say ... ?) gives you the rising assets and narrowing discount when the market recovers - ie. a bit of geared exposure with the dividend on top. We've had these in the family since 1990 - share price was about 175p when we bought them, yielding well over 10%. dividends have been reinvested, so a 10% plus growth pa isn't too bad, despite the pretty flat capital performance.
enochthenocker: NAV of 195p but the share price is only 148p (but starting to move up).
asmodeus: I have just looked at Shires report, and see that John Stubbs and Hamish Buchan are directors. I know that Hamish Buchan is oine of the foremost experts on split-cap trusts (of which Shires is not one), and that John Stubbs is a well-repected ex investment manager for Ivory & Sime, amongst others, and so feel that the appalling share-price performance might well be reversed - if any geared investment trust performance ever recovers again. I'm certainly tempted by the yield and discount.
Shires Income share price data is direct from the London Stock Exchange
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