Shires Smaller Companies Share Discussion Threads

[aleman] 15/8/2008 10:24

No comments on the interim results?



Income fell from £2.8m to 2.4m with about 1/4 of the fall in bonds and fixed interest. As 3/4 of the fall is down to shares' final dividends, the fall income in H2 shouldn't be quite as large - fixed interest will be the same and the fall in smaller interim dividends we get in H2 will be smaller absolutely if it is the same % of a smaller amount. NAV is now nearly 50% fixed interest as share values have fallen, up from about 34% last time. This suggests stockmarket falls now would have less effect and would likely add pressure for an interest rate cut that would probably benefit the fixed interest side immediately. Downside looks slightly better than I thought and upside looks slightly better given an interest rate cut is now priced into debt markets for the UK, probably in the coming winter. There are still questions if slightly more expensive refinancing of the debt in the next 6 months may lead to the dividend for next year not being completely covered but I think the balance of investments looks reasonably placed for recovery next year in the current UK climate of gently easing interest rates. I find the results reassuring.

[aleman] 11/8/2008 14:33

NAV 08/08/08 145.38p (inc. 2.41p acc. income)
CLose 123p
Discount 15.4%
Yield 12.4%

[aleman] 04/8/2008 13:44

Nav 01/08/08 142.28p (inc. 2.34p acc. income)
Close 119p
Discount 16.4%
Yield 12.8%

[aleman] 28/7/2008 15:38

NAV 25/07/08 141.62p (inc 2.17p acc income)
Close 122.5p
Discount 13.5%
Yield 12.4%

[aleman] 21/7/2008 13:27

NAV 18/07/08 142.03p
Close 116p
Discount 18.3%
Yield 13.1%

[crawford] 15/7/2008 12:25

This markets in freefall.

[aleman] 15/7/2008 00:30

NAV 11/07/08 137.84p
Close 114p
Discount 17.3%
Yield 13.3%

[aleman] 01/7/2008 11:44

NAV 30/06/08 163.47p
Close 147.5p
Discount 9.8%
Yield 10.3%

[aleman] 23/6/2008 16:09

NAV 20/06/08 168.24p
Close 158.5p
Discount 5.8%
Yield 9.6%

[aleman] 16/6/2008 15:00

NAV 13/06/08 173.67p
Close 159.5p
Discount 8.2%
Yield 9.5%

[anubus] 16/6/2008 13:12

sift.............some i have been looking at lately. I am NOT an expert so please dyor.
IPI yield 20%
BWY yield 9½%
MCT yield 8.1% (canadian trust fund)
GLS yield 7.98%
MUT yield 4.62%
MRCH yield 5.42%
MERE yield ???? (european property(
LWI yield ????
DIG yield 4.79% (and has 5+ years divis in the bank)??????
CHY yield ?????

[aleman] 09/6/2008 15:19

NAV 06/06/08 179.39p
CLose 163p
Discount 9.1%
Yield 9.3%

[aleman] 27/5/2008 14:00

NAV 23/05/08 184.90p
Close 164.5p
Discount 11.0%
Yield 9.2%

[aleman] 19/5/2008 14:29

NAV 16/05/08 189.01p
Close 169p
Discount 10.6%
Yield 9.0%

[aleman] 12/5/2008 16:25

NAV 09/05/08 190.10p
CLose 166.5p
Discount 12.4%
Yield 9.1%

[aleman] 06/5/2008 13:30

NAV 02/05/08 189.98p
Close 164p
Discount 13.7%
Yield 9.3%

[rogerbridge] 02/5/2008 18:07

Hope so Aleman

[aleman] 01/5/2008 16:11

I'm not sure chartists follow shares like this. The downtrend resistance has broken suggesting these will soon rise to the low 180s.

[washbrook] 22/4/2008 16:11

GARWATTS TRADES -HIGHEST FIRST
-----------------
15/04/08 10:13 153 5400 Sell
21/04/08 11:37 153 4830 Sell
17/04/08 15:00 159 4471 Buy
21/04/08 11:37 154 3900 Sell
17/04/08 15:59 153 3450 Sell
17/04/08 15:00 158 3369 Buy
22/04/08 13:02 158 3364 ?
15/04/08 11:25 157 3300 Buy
17/04/08 16:18 156.9 3050 Buy
16/04/08 09:50 158 3007 Buy
21/04/08 09:59 157.89 3000 Buy
17/04/08 13:11 153 2882 Sell
22/04/08 12:24 159 2518 Buy
18/04/08 12:49 157.89 2500 Buy
16/04/08 08:48 156.9 2500 Buy
22/04/08 10:23 159 2491 Buy
15/04/08 15:45 156.9 2300 Buy
18/04/08 16:13 153 1922 Sell
21/04/08 09:45 157.89 1900 Buy
21/04/08 09:04 159 1869 Buy
15/04/08 14:10 158 1600 Buy
17/04/08 14:41 156.9 1582 Buy
17/04/08 13:12 158 1561 Buy
22/04/08 09:10 159 1300 Buy
16/04/08 10:22 156.9 1000 Buy
21/04/08 08:12 157.89 725 Buy
15/04/08 10:04 157.74 686 Buy
16/04/08 15:02 156.9 637 Buy
22/04/08 11:29 159 410 Buy
15/04/08 09:45 157.74 379 Buy
22/04/08 13:01 159 100 Buy
21/04/08 11:26 153.3 90 Sell

[aleman] 21/4/2008 16:05

NAV 18/04/08 190.47p
CLose 156.5p
Discount 17.8%
Yield 9.7%

[aleman] 15/4/2008 10:43

NAV 11/04/08 186.99p
Close 156.5p
Discount 16.3%
Yield 9.7%

[garwatts] 11/4/2008 19:04

Shame, I missed that! They ex div very quickly didn't they? But had a quick look in DL and the forecast EPS for them doesn't look too promising

Year Ending Revenue(£m)Pre-tax(£m)EPS P/E PEG EPS Grth.Div Yield

31-Dec-08 97.34 18.90 10.35p 15.6 n/a -57% 15.48p 9.4%
31-Dec-09 89.55 14.81 9.38p 17.2 n/a -9% 15.87p 9.6%

:-(

[aleman] 11/4/2008 18:33

I don't see gearing as a big worry with the amount of fixed interest in the portfolio. I note second largest shareholding Chesnara increasing their dividend by 15.3% with last week's results.

[garwatts] 11/4/2008 17:46

Thanks, but I was hoping there might be somewhere on the web that you could obtain NMS for various companies? With regard to the Shire(s) shares I have held all three for a number of years now. SHD was showing a good return at one time.....The worst though is SHRS - since 2000 it has returned me aa total of 2%! That includes all dividends paid. Not too handsome.....
I would have bought more SHD for the yield and some hope of growth but the debt/gearing is putting me off in the current climate. So i will hold for now.

[sift] 11/4/2008 17:38

garwatts - Your broker should be able to tell you the NMS. I bought online through Selftrade, and had to buy in amounts up to £10,000 to get a quote, but bought in odd numbers, eg 6260 shares