Chelverton Uk Dividend Share Discussion Threads

[skinny] 03/9/2016 13:54

NAV on the up again.



NAV _________

[davebowler] 21/7/2016 13:15

ASCI is currently at a 20% + discount to NAV whereas this is at a small premium.

[deltrotter] 13/6/2016 14:37

Tx speedsgh

[speedsgh] 13/6/2016 14:35

In John Baron's latest Investment Trust Portfolios column in Investors Chronicle...



"Within the Growth portfolio... I introduced Small Companies Dividend Trust (SDV) while on a 10 per cent discount and offering a 4 per cent yield...

I will explain in more detail the attractions of both SDV and FPEO in next month’s column."

[my retirement fund] 11/3/2016 10:04

Looks like another one of those death crosses on the chart above in the header looking at 200/50 day MA's

[plasybryn] 01/3/2016 17:22

I guess this is still good value.
Yield near 4% and ex dividend later this month.

[juleshoddy] 02/12/2015 23:27

Ditto Mr Bio. here's a better 2016. hopefully.

[dr biotech] 02/12/2015 16:58

Think this is my best holding this year. Shows what a dismal year I have had really. But this lot seem to know what they are doing to justify their fees.

[skinny] 02/12/2015 16:35

18 month high @193.50p.

[speedsgh] 26/8/2015 12:38

Dividend Declaration -

The Company has today declared a first interim dividend in respect of the year 1 May 2015 to 30 April 2016.

A first interim dividend of 1.70p per Ordinary share will be paid on 5 October 2015 to the holders of Ordinary shares on the register at 25 September 2015, with an ex-dividend date of 24 September 2015.

[skinny] 14/8/2015 11:49

The Company announces:

Total Assets (including unaudited revenue reserves at 07/08/2015) of £45.94m

Net Assets (including unaudited revenue reserves at 07/08/2015) of £35.85m

The Net Asset Value (NAV) at 07/08/2015 was:

Number of shares in issue:

Per Ordinary share (bid price) - 216.61p 16,550,000
including unaudited current period revenue*

Per Ordinary share (bid price) - 212.73p
excluding current period revenue*

Ordinary share price 180.50p

Discount to NAV (16.67)%

Ordinary shares have an undated life


ZDP share 118.70p 8,500,000

ZDP share price 125.13p

Premium to NAV 5.41%

ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018


*Current period revenue covers the period 01/05/2014 to 07/08/2015


Name of company % of portfolio


1 Avesco Group Plc Ordinary 10p 3.34

2 Clarke (T.) Plc Ordinary 10p 2.53

3 Connect Group Plc Ordinary 5p 2.52

4 Jarvis Securities Plc Ordinary 1p 2.33

5 Alumasc Group (The) Plc Ordinary 2.29
12.5p

6 Kier Group PLC Ordinary 1p 2.23

7 Kcom Group Plc Ordinary 10p 2.13

8 Braemar Shipping Services Plc GBp 2.09
10

9 Dairy Crest Group Plc Ordinary 25p 2.01

10 Town Centre Securities Plc REIT 25p 2.01

11 Wilmington Plc Ordinary 5p 1.99

12 Acal Plc Ordinary 5p 1.94

13 Marston's Plc Ordinary 7.375p 1.91

14 GVC Holdings Plc Common EUR0.01 1.91

15 Games Workshop Group Plc Ordinary 1.85
5p

16 DX Group Plc GBP0.01 1.84

17 Macfarlane Group Plc Ordinary 25p 1.80

18 Stadium Group Plc Ordinary 5p 1.76

19 Brown (N) Group Ordinary 11.052p 1.74

20 Hansard Global Plc Ordinary 0.5p 1.73

[my retirement fund] 06/8/2015 09:23

I see the trust took a stake in CMH this week. This is a worry because although CMH is not likely to go bust, its management team are struggling to get the group good and it most certainly wont be paying a dividend in the next year from what i can see.

[my retirement fund] 14/7/2015 17:21

This ones lagging many of the other smaller co trusts. Im sure it will catch up eventually

[dr biotech] 14/7/2015 16:49

Looks like a 12month high today on the share price and also the NAV. The discount is still pretty wide at 17%, perhaps sentiment will change at some point.

[dr biotech] 18/6/2015 14:08

I guess its just a mark of intention rather than anything else. Perhaps they will also increase the next one.

[skinny] 18/6/2015 12:59

Less of the 'skinny'! :-)

[my retirement fund] 18/6/2015 12:54

My thoughts exactly. I wonder if its because they want to keep some float so as to rebase the forward QTR dividend around the 2.5p mark eg 10 pence for FY 2015/2016.

[specuvestor] 18/6/2015 12:26

The 'special' dividend is a bit skinny at 0.3p. What was the point of that?

[skinny] 18/6/2015 11:13

SMALL COMPANIES DIVIDEND TRUST PLC

The Company has declared a fourth interim dividend and Special Dividend in
respect of the year 1st May 2014 to 30th April 2015.

A fourth interim dividend of 2.40p per Ordinary share will be paid on 3rd July
2015 to the holders of Ordinary shares on the register at 26th June 2015, with
an ex-dividend date of 25th June 2015.

The Special Dividend of 0.30p shall be paid on 3rd July 2015 to holders of
Ordinary shares on the register at 26th June 2014, with an ex-dividend date of
25th June 2015.

[dr biotech] 10/6/2015 15:10

I think the fees are higher than that - and one of the drawbacks. A merger would be good if it achieved economies of scale.

I guess winding the trust up would put them out of business. Turkeys voting for xmas. They would also defend the performance. The discount to NAV is sentiment and there is not a lot they can do for that.

[my retirement fund] 10/6/2015 15:07

Probably happen towards the tale end of the bull market imo few years away at least. Seems to be a reoccurring them of aging bull markets. Can remember the New Star asset management in 2006 splurge and the Henderson one before that and the Govet one in the 80s

[mad foetus] 10/6/2015 14:09

there is a strong argument for a trust of this size merging with another one. I don't know the details but assume its fees are around 1% of NAV - in other words £350k pa. It is hard to do much research on that budget. In the end, you need a critical mass of around £100m to prosper in my experience.

[my retirement fund] 10/6/2015 13:48

Lets hope for a very generous special dividend next call, returning that 5 pence fully to us in the next distribution will help close the discount window.

In my experience these fund have to really go out of whack to throw in the towel HPEQ was one, trading at 60p NAV when I bought and by the time it had fully distributed I think it returned around £4 total.

[dr biotech] 10/6/2015 13:31

Compare this to WPCT - they are at a 10% premium. Shows how highly rated Woodford is. I think the average discount on this is about 7% so we are due a rise. At some points last year this reached parity with the NAV.

I wonder at what point should they just decide to sell up and distribute the cash?