|Shires Smaller Companies
||EPS - Basic
||Market Cap (m)
|Equity Investment Instruments
Shires Smaller Companies News
|Shires Smaller Companies Daily Update: Shires Smaller Companies is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SHD. The last closing price for Shires Smaller Companies was 132.50p.|
Shires Smaller Companies has a 4 week average price of - and a 12 week average price of -.
The 1 year high share price is - while the 1 year low share price is currently -.
There are currently 22,109,765 shares in issue and the average daily traded volume is 0 shares. The market capitalisation of Shires Smaller Companies is £29,295,438.63.
|aleman: NAV attempting 150p again. Share price ignoring it. SDV back at its recent high.|
|aleman: NAV nearly back up to its recent peak yet share price falling. Discount up to 18%.|
|aleman: Fell to 145.57p yesterday but just noticed they went ex-dividend by 1.5p so underlying NAV rose 1.03p. I'd forgotten yesterday's share price should have fallen for the ex-dividend so it was a good showing.|
|aleman: Come on share price - NAV is 126p - catch up!|
|aleman: Current share price should be around 116-117p to bring discount back into line with SDV at around 7%.|
|aleman: Manager's Monthly Report
Smaller companies gave back some of January's gains with the FTSE SmallCap (ex Investment Companies) declining 2.3%. The Trust relatively outperformed the Index over the period with NAV declining a more moderate 1.1%. February saw a number of the Trust's holdings report full year results which were generally in-line or ahead of market expectations. There has been a moderate recovery in the second half of the year but cost cutting was the major driver of the results. There was a feeling, however, that most of this was priced into the market so the share price reactions were muted at best, especially where expectations were beaten. On a more positive note though the Trust saw a number of double digit dividend increases, which are a welcome respite after the cuts of the last couple of years. Eurozone economic data remained sluggish with fourth quarter GDP rising 0.1% quarter-onquarter, down on the 0.4% recorded in the third quarter. The situation in Greece worsened with increasing opposition in Germany to the bailout. This has weighed on the euro and puts a cloud of uncertainty over the region until a clear bailout package, and fiscal plan can be agreed. Closer to home the Bank of England announced that it would not extend the programme of quantitative easing, but haven't ruled out future expansion should it be deemed necessary. Inflation also rose steeply to 3.5% but commentators believe this to be a short term phenomenon with this reverting below the 2% target as the year progresses. The Trust initiated a new holding in Forth Ports. They are the last listed UK ports business and with a large portion of their revenue contracted their revenue stream has remained resilient. Since the introduction they have declined two offers from Peel, in a consortium with other buyers to acquire the group. We also reduced a number of holdings that have performed well over the period, namely John Menzies, Fenner, McBride and TT Electronics. We added to Morgan Sindall, Numis and Rensburg Sheppards on recent weakness.|
|aleman: Share price falling a bit behind the NAV again. 14% discount.|
|rogerbridge: Held here for quite a while. Share price recovering well and very nice dividend.|
|aleman: NAV creeping up. Share price creeping down.
NAV 12/06/09 83.99p (inc. 0.97p acc. income)
|crawford: The share price now at a slight premium to yesterdays NAV.
The small purchases today are dividend reinvestments, mine being one of them.|
Shires Smaller Companies share price data is direct from the London Stock Exchange