Chelverton Uk Dividend Share Discussion Threads

[skinny] 03/4/2014 16:12

The Company announces:

Total Assets (including unaudited revenue reserves at 31 March 2014) of £40.28m

Net Assets (including unaudited revenue reserves at 31 March 2014) of £30.95m

The Net Asset Value (NAV) at 31 March 2014 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 187.01p 16,550,000
Per Ordinary share (bid price) - excluding
current period revenue* 181.36p
Ordinary share price 181.25p
Discount to NAV (3.08)%
Ordinary shares have an undated life
ZDP share 109.71p 8,500,000
ZDP share price 117.00p
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

*Current period revenue covers the period 01 May 2013 to 31 March 2014,
including a one off special dividend from Avesco PLC of £500,500 equivalent
to 3.02 pence per Ordinary share.



Top 20 Holdings as at 31 March 2014 was:


Name of company % of portfolio

1 S & U 2.32
2 Jarvis Securities 2.28
3 KCOM Group 2.22
4 St Ives 2.22
5 Marshalls 2.20
6 Clarke (T) 2.19
7 Braemar Shipping 2.17
8 Personal Group 2.13
9 Smiths News 2.08
10 Cineworld Group 2.04
11 Wilmington Group 2.03
12 Photo-Me 2.03
13 Stadium Group 1.99
14 MacFarlane Group 1.91
15 Morgan Sindall 1.90
16 GVC Holdings 1.85
17 Tritax Big Box 1.85
18 Alumasc Group 1.83
19 Dairy Crest Group 1.80
20 Town Centre Securities 1.79

Balance held in 54 holdings 59.17
100.00

[aleman] 25/3/2014 16:08

The Company announces:

Total Assets (including unaudited revenue reserves at 21 March 2014)
of GBP40.09m

Net Assets (including unaudited revenue reserves at 21 March 2014) of GBP30.77m

The Net Asset Value (NAV) at 21 March 2014 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 185.95p 16,550,000
Per Ordinary share (bid price) - excluding
current period revenue* 180.56p
Ordinary share price 175.50p
Discount to NAV (5.62)%
Ordinary shares have an undated life
ZDP share 109.54p 8,500,000
ZDP share price 116.50p
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

*Current period revenue covers the period 01 May 2013 to 21 March 2014,
including a one off special dividend from Avesco PLC of GBP500,500 equivalent
to 3.02 pence per Ordinary share.

[aleman] 20/3/2014 15:37

"The Company announces:

Total Assets (including unaudited revenue reserves at 14 March 2014)
of GBP40.66m

Net Assets (including unaudited revenue reserves at 14 March 2014) of GBP31.36m

The Net Asset Value (NAV) at 14 March 2014 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 189.51p 16,550,000
Per Ordinary share (bid price) - excluding
current period revenue* 182.71p
Ordinary share price 175.25p
Discount to NAV (7.52)%
Ordinary shares have an undated life

ZDP share 109.41p 8,500,000
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

*Current period revenue covers the period 01 May 2013 to 14 March 2014,
including a one off special dividend from Avesco PLC of GBP500,500 equivalent
to 3.02 pence per Ordinary share.

[aleman] 13/3/2014 14:00

20 LARGEST HOLDINGS
As at 31 January 2014 %

1 Wilmington Group 2.82
2 Jarvis Securities 2.35
3 Randall & Quilter 2.24
4 KCOM Group 2.24
5 Photo-Me 2.23
6 Marshalls 2.22
7 St. Ives 2.17
8 Personal Group 2.17
9 Alumasc Group 2.14
10 Braemar Shipping 2.09
11 Smiths News 2.08
12 Clarke (T) 2.07
13 S & U 2.03
14 Morgan Sindall 2.01
15 Kier Group 1.89
16 Numis 1.88
17 Tritax Big Box 1.84
18 Portmeiron Group 1.82
19 Avesco Group 1.79
20 Cineworld Group 1.78

Balance held in 54 holdings 58.14

[aleman] 13/3/2014 13:56

IMS out. Ex-dividend next week.

The Company has today declared a third interim dividend in respect of the year
1 May 2013 to 30 April 2014.

A third interim dividend of 1.475p per Ordinary share will be paid on
4 April 2014 to the holders of Ordinary shares on the register at 21 March 2014,
with an ex-dividend date of 19 March 2014.

[mozy123] 11/3/2014 16:59

Lets hope they will pay a special or increase the quarterly divi's moving forward.

Could they buy ZDP shares in the market and cancel them ahead of 2018?

[aleman] 11/3/2014 16:07

Accrued income now 6.51p versus 2.82p last year.

[aleman] 11/3/2014 16:04

Discount now back up to 10%. Lots of income trusts are trading at a premium.

[aleman] 11/3/2014 16:03

Total Assets (including unaudited revenue reserves at 07 March 2014)
of GBP41.38m

Net Assets (including unaudited revenue reserves at 07 March 2014) of GBP32.09m

The Net Asset Value (NAV) at 07 March 2014 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 193.90p 16,550,000
Per Ordinary share (bid price) - excluding
current period revenue* 187.39p
Ordinary share price 175.25p
Discount to NAV (9.62)%
Ordinary shares have an undated life

ZDP share 109.29p 8,500,000
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

*Current period revenue covers the period 01 May 2013 to 07 March 2014,
including a one off special dividend from Avesco PLC of GBP500,500 equivalent
to 3.02 pence per Ordinary share.

[envirovision] 27/2/2014 23:43

Should never post after a bottle of vino LordGnome!

[mozy123] 27/2/2014 11:11

Cheers Aleman - I would have hoped that Norman Lamonts experiences would have prevented exessive gearing. Guess Politicians never learn.

[aleman] 27/2/2014 10:20

The company was hit hard by gearing on the way down (more so than actual dividend cuts), selling off assets at collapsed priced to reduce borrowing by over half to get below a self-imposed 30% limit. (At least I think it was self-imposed rather than bank-imposed.) I suspect it will have taught them a lesson but I know lots of people that never learn.

[mozy123] 27/2/2014 09:25

In 2008 13.65p was paid to holders - what caused the big drop in dividends? Were more shares issued? Or was it just the underlying investments getting smashed in the Credit Crunch?

Good to see the revenue reserve as high as it is.

[lord gnome] 27/2/2014 08:47

Que? Has envirovision been at the wacky bakky?

Looks like we can look forward to a dividend hike then, Aleman. Most welcome.

[aleman] 26/2/2014 22:42

The latest accrued income is 5.87p compared to 2.17p this time last year. That's a hefty increase. In the last year, 6.76p has been paid out in dividends and the accrued revenue per share is still up 3.7p!

[aleman] 26/2/2014 22:31

And another new high:

SMALL COMPANIES DIVIDEND TRUST PLC

"The Company announces:

Total Assets (including unaudited revenue reserves at 21 February 2014)
of GBP41.28m

Net Assets (including unaudited revenue reserves at 21 February 2014) of GBP32.01m

The Net Asset Value (NAV) at 21 February 2014 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 193.44p 16,550,000
Per Ordinary share (bid price) - excluding
current period revenue* 187.61p
Ordinary share price 183.75p
Discount to NAV (5.01)%
Ordinary shares have an undated life

ZDP share 109.05p 8,500,000
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

*Current period revenue covers the period 01 May 2013 to 21 February 2014,
including a one off special dividend from Avesco PLC of GBP500,500 equivalant to
3.02 pence per Ordinary share.

[aleman] 19/2/2014 10:30

THat's a new 6+ year high for NAV, I believe.

[aleman] 19/2/2014 10:26

The Company announces:

Total Assets (including unaudited revenue reserves at 14 February
2014) of GBP40.70m

Net Assets (including unaudited revenue reserves at 14 February 2014)
of GBP31.44m

The Net Asset Value (NAV) at 14 February 2014 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 189.95p 16,550,000

Per Ordinary share (bid price) - excluding
current period revenue* 184.12p
Ordinary share price 179.50p
Discount to NAV (5.50)%
Ordinary shares have an undated life

ZDP share 108.93p 8,500,000

ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

*Current period revenue covers the period 01 May 2013 to 14 February
2014, including a one off special dividend from Avesco PLC of GBP500,500
equivalent to 3.02 pence per Ordinary share.

[mozy123] 19/2/2014 01:28

very true enviro

[envirovision] 18/2/2014 23:19

Mmmm but it don't pay around 9p per share divi circa 5% and growing coupled with capital growth though as sdv is on track to do over a year.

[mozy123] 18/2/2014 20:41

The lord does!

Im in HSL as well - that has an even bigger discount to NAV.

[trentendboy] 18/2/2014 20:33

The Lord speaks sense

[lord gnome] 18/2/2014 19:13

Given that a good number of ITs are currently at a premium to NAV I can only agree, envirovision. This will recover further after its recent dip, but I can't see it getting back to such dizzy heights in a hurry. There is no compelling value on offer other than the discount to NAV. The yield is now only average for yield hunters.
A buy if you think that small caps are set for another cracking year, but I just don't see it at present.