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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Shires Smlr.Co | SHD | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 132.50 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 132.50 |
| Top Posts |
|---|
Posted at 06/5/2011 16:43 by plasybryn This is now known as Aberdeen Smaller Cos High Income Trust (ASCH). Do we need to change the Blog header etc.? Seems to have lost momentum. European Assets Trust (EAT) looks a better bet right now. Also bought into CLIG - City of London Investment Trust (c. 6% dividend with Emerging Countries exposure) |
Posted at 29/4/2011 08:40 by plasybryn Not a dividend payer, but a newish Investment Trust focussed on physical silver is worth a look at. Sprott Physical Silver (PSLV) . More than doubled since launch. No stamp duty. Listed on TSX & New York Stock Exchange. Sprott is highly respected in the commodities market. You just pay an extra £5 charge. |
Posted at 15/4/2011 17:49 by aleman Right. Managed to switch ASCH option on ADVFN to Aberdeen but Mon£yam doesn't seem to have an Aberdeen option. RNS history is still missing here under ASCH and SHD. |
Posted at 15/4/2011 15:51 by aleman Having problems with monitors now. Name changed to Aberdeen Smaller Companies High Income Trust but the ASCH ticker they've assigned is already taken with the Asian Chemicals subindex and it's messing all my stuff up! Changing SHD into ASCH brings up 2 lines - one for each but with Aberdeen numbers on both doubling total in my portfolio monitor. Deleting the Asian chemicals line then deleted my Aberdeen line as well so I need to dig out my contract note to reinput, and it will probably just do the same again. On my trades monitor, Aberdeen doesn't pick up at all - it's the Asian Chemical index.New thread. |
Posted at 07/4/2011 13:48 by aleman NAV 158.64p (inc. 0.49p deficit on accumulated income.) Not bad after paying out the dividend. |
Posted at 06/4/2011 20:54 by aleman Went ex-dividend today. |
Posted at 28/3/2011 15:30 by aleman 28 March 2011Shires Smaller Companies plc The Board of Shires Smaller Companies plc has declared a first interim dividend of 1.5p per share in respect of the year to 31 December 2011 (first interim 2010: 1.50p) payable on 28 April 2011 to shareholders on the register at close of business on 8 April 2011. |
Posted at 23/3/2011 11:39 by aleman Manager's Monthly ReportMarch 2011 Smaller companies began the month in buoyant mood but with rising tension and unrest in the Middle East and North Africa markets retreated towards the end of the month to finish marginally lower. The FT SE SmallCap (ex Investment Companies) fell 0.2% on a total return basis. After the 0.5% decline in 4Q GDP, which was expected to be revised upwards, the reality was in fact worse at -0.6%. The Bank of England voted to keep rates on hold at 0.5% and on the back of the poor GDP number economists expect the committee to wait until the 1Q number in May before considering the next course of action. January PMI numbers were strong, with manufacturing reaching an all time high while construction and services rebounded strongly. The domestic economic picture therefore remains mixed and with jobless claims rising and the unemployment rate sticky at 7.9% the outlook is fragile. We completed the exit of British Polythene Industries during the month. We have been reducing our exposure for some time now and whilst this is a well managed company they struggle to pass through the rising raw material prices. Our preference in the sector has been RPC which we reduced on recent strength. They had a recent rights issue to acquire Superflo which was taken well by the market. We also increased our exposure to Irn Bru maker A.G. Barr and Halfords. The earnings season has been positive in the main for the Company and it has been positive to see dividend growth returning. With a recovery in earnings and balance sheets looking stronger, management teams are encouraged after a few years of more cautious rises. There are a number of pressures, none more pertinent than the rising raw material prices in soft commodities and oil. Whilst these will continue to cause volatility in the short term this can also create opportunities to increase our exposure to what we believe are good quality businesses. |
Posted at 07/12/2010 10:43 by aleman Just thought I'd compare the discount of SHD and its sister company for larger income shares, SHRS:SHRS SHD Given SHRS has been increasing its holding in SHD and is twice as big and has a higher yield and is trading at a premium, it might be worth SHRS and SHD shareholders considering a merger (at, say, an 8% discount for SHD holders). SHRS would get a higher NAV with minimal income loss. SHD would get a lower NAV but higher income and smaller discount. Although some costs will already be shared, there will be cost savings to add to the above, e.g. stockmarket listing costs, as well as increased liquidity. The comparison just highlights that SHD should really be trading at 135-140p. |
Posted at 30/9/2010 14:39 by aleman It is the 3rd 1.5p dividend. From MArch 1st:Earnings and Dividends In the past, the Company's high dividend yield was enhanced by the Company's geared structure. As explained above, the banking crisis caused our counterparties to impose conditions which rendered this type of financing uneconomic. At the same time, the recession forced many UK companies to reduce or pass dividends making it a very difficult environment for high yielding investment trusts such as your Company. Last year, after careful consideration of the Company's revenue projections and the impact of lower gearing, the Board anticipated that the dividend would have to be rebased from 15.1p to 7p per share (inclusive of 1p per share relating to the VAT rebate). The forecast proved to be accurate and in the year to 31 December 2009, the revenue return per share was 7.27p. The total dividend paid in the period covered by this annual report was 7p per share, paid in four interim distributions of 1.75p each. As announced in December 2009, the fourth and final interim was paid to shareholders on 29 January 2010. During this period, the Manager has successfully de-geared the Company, without recourse to shareholders and improved the liquidity and quality of the equity portfolio. Going forward, the Board intend using only bank debt to gear the balance sheet up to a maximum of GBP10m or 40% of net assets. On the basis of GBP10m bank debt, the Board anticipates that it should be possible to pay a dividend of 6p per share in the year to end December 2010. Over the years, the Company has prudently built up substantial revenue reserves of GBP1.65m, equivalent to 7.48p per share. The Board are aware of how important income is to shareholders and would use these revenue reserves to underpin distributions. |
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