Shires Smaller Companies Share Discussion Threads

[aleman] 18/1/2010 16:32

NAV 15/01/10 118.25p (inc. 0.61p acc. income)
Close 99p
Discount 16.3%
Yield 7.1%

[aleman] 07/1/2010 12:51

1.75p ex-dividend yesterday so recent NAV trend is still pretty healthy. 18% discount looking a bit high.

[aleman] 04/1/2010 16:52

NAV 30/12/09 115.01p (inc. 2.2p acc. income)
Close 95p
Discount 17.4%
Yield 7.4%

[aleman] 30/12/2009 16:29

30 December 2009

Shires Smaller Companies plc

The Board of Shires Smaller Companies plc has declared a fourth interim dividend of 1.75p per share (making a total of 7p per share) in respect of the year to 31 December 2009 (fourth interim 2008: 4.90p) payable on 29 January 2010 to shareholders on the register at close of business on 8 January 2010. The ex dividend date is 6 January 2010.

[aleman] 14/12/2009 17:13

NAV 11/12/09 113.71p (inc. 2.18p acc. income)
CLose 94.5p
Discount 16.9%
Yield 7.4%

[crawford] 20/11/2009 15:39

Aleman,
thanks, I think MCKS is a special case, just wanted to be sure.

[aleman] 20/11/2009 15:30

What tax? Gordon Brown abolished the reclaimable tax credits which is what screwed pension funds to the tune of £5bn per annum. He should have been thrown out of office on the spot for the damage it did. I don't think you have anything to reclaim. Some foreign dividends may be taxed at source and some countries may allow this to be reclaimed for non-taxpayers but in the UK you can only claim a credit to offset againt other tax due rather than getting it actually paid back. As the notional credit is only for basic rate tax, higher rate payers have further tax to pay if they receive UK dividends outside a tax-free wrapper of some sort.

[crawford] 20/11/2009 13:50

Can anyone answer this question regarding the dividends here:

I hold some of these inside an ISA and some outside.

I'm receiving the same rate regardless - e.g. 1.75p per share last time.
Should I be receiving more inside my ISA? Is it up to my broker to reclaim the tax at source?

Maybe that only applies to foreign stocks? MCKS recent discussion prompted the thought.

[aleman] 16/11/2009 15:28

NAV 13/11/09 116.85p (inc. 1.72p acc. income)
Close 96.5
Discount 17.4%
Yield 7.3%

[lavagrouch] 28/10/2009 13:12

Aleman - see what you mean, thanks. Bit sneaky on their part to be still plugging such a high yield knowing full well this will fall as the higher previous dividends drop out of the calculation.

Regards,

Grouch

[aleman] 27/10/2009 07:39

They're quoting the yield before the dividend was cut.


NAV 23/10/09 116.65p (inc. 0.37p acc. income)
Close 99p
Discount 15%
Yield 7.1%

[lavagrouch] 21/10/2009 01:12

Aleman - i am relatively new to investment trusts and recently received the Aberdeen Investment Trusts 'Trust Profiles and performance figures' as of 30 June 2009.

Against Shires Smaller Companies plc it shows a yield of 17.7% with a discount of -8.0%. That yield struck me as rather high and radically different to the figures you posted around that time.

Do Aberdeen have a different method of yield calculation? Thoughts / explaination appreciated.

Regards,

Grouch

[aleman] 19/10/2009 15:35

NAV 16/10/09 117.16p (inc. 0.18p acc. income)
Close 98p
Discount 16.7%
Yield 7.1%

[aleman] 08/10/2009 15:44

Forgot it went ex-dividend yesterday by 1.75p so nice to see NAV still at 115p.

[crawford] 07/10/2009 16:34

Ok,
I wouldn't understand their wishes to reduce gearing in a strong market. Cheers.

[aleman] 07/10/2009 16:24

I think that refers to Menzies' reduction in gearing, not SHD's.

[crawford] 07/10/2009 16:22

still trimming gearing, Mmmmm.

[aleman] 07/10/2009 14:52

September 2009

In trading we completed the exit of Sanderson Group, one of the last legacy holdings. Following a good meeting with management we increased our holding in Morgan Sindall. The construction group remains well placed in the current environment with a strong orderbook and an attractive valuation. We also topped up Keller, Fenner and Oxford Instruments which had underperformed relatively over the period. We trimmed John Menzies post a strong trading update and a reduction in the level of gearing

[aleman] 05/10/2009 17:17

With shares up and SHD down today, the discount is probably back over 20%.

[aleman] 05/10/2009 14:16

NAV 02/10/09 113.78p (inc. 1.75p acc. income)
Close 95p
Discount 16.5%
Yield 7.4%

[rogerbridge] 02/10/2009 20:42

Welcome aboard.

[crawford] 02/10/2009 20:07

I bought both this week :-)

[davebowler] 02/10/2009 15:38

I'm in- I was going to buy SDV but it moved too close to NAV compared to this.