Abrdn Asian Income Share Discussion Threads

[aleman] 10/3/2008 16:34

NAV 7/02/08 115.93p
Close 111p
Discount 4.3%
Yield 4.3%

[aleman] 25/2/2008 16:37

NAV 121.32p
(121.10p Diluted)
Close 115p
Discount 5.8%
Yield 4.1%

[aleman] 18/2/2008 16:50

Near its high:

NAV 15/02/08 122.07p
(121.72p diluted)
Close 115p
Discount 5.8%
Yield 4.1%

[aleman] 11/2/2008 16:50

NAV 8/02/08 119.91p
CLose 112p
Discount 6.6%
Yield 4.2%

[aleman] 04/2/2008 16:38

NAV 1/02/08 119.52p
Close 110p
Discount 8.0%
Yield 4.3%

[aleman] 25/1/2008 13:32

NAV 24/1/08 115.0p
Close 111p
Discount 3.5%
Yield 4.3%

[aleman] 16/1/2008 19:04

NAV 15/01/08 121.29p
Discount 8.5%
Yield 4.3%

[aleman] 16/1/2008 13:33

10% increase in the second dividend - nice. Takes 2007 yield to 4.3% at 111p.

16 January 2008

Announcement of Second Interim Dividend


The Directors of the Company have today declared a second interim dividend in
respect of the year ended on 31 December 2007 of 2.75p (year ended 31 December
2006: 2.5p) which will be payable on 26 February 2008 to Ordinary shareholders
on the register on 25 January 2008, provisional ex dividend date 23 January
2008.

[aleman] 11/1/2008 16:33

NAV 10/12/07 121.96p
Discount 9.0%

[aleman] 02/1/2008 09:30

NAV 28/12/07 119.06p
Discount 8.2%

[aleman] 21/12/2007 18:47

NAV 20/12/07 115.22p
Discount 8.9%

[aleman] 11/12/2007 09:43

NAV 9/12/07 118.41p
Discount 9.6%

[aleman] 30/11/2007 16:35

NAV 29/11/07 114.16p

[aleman] 09/11/2007 14:51

NAV 15/11/07 116.59p
NAV 22/11/07 111.18p

[aleman] 29/10/2007 16:44

Nice to see the shares catching up with NAV to hit a new high.

NAV 26/10/07 122.10p

[aleman] 10/10/2007 20:49

NAV 9/10/07 121.13p

[aleman] 02/10/2007 12:20

NAV 28/9/07 116.99p

[aleman] 02/10/2007 12:13

Just wanted to set up a thread to monitor this one. Prospective yield looks to be 4-4.5% at around 110p with most of net income being paid out in March and August. Has traded at a premium before now but is currently at a modest discount with buy-backs planned if it grows over 5%. Currency exposure is heavily hedged to concentrate on income and gearing is light at 10% or so. Only has small exposure of 2% or so to China which is in a massive bubble at the moment but it could affect some other Asian markets when it pops. Quite heavily into banks at 20% or so but the credit crunch has knocked them back sharply of late so there could be upside there if provisions are isolated.

Ten largest equity holdings at 30 September 2008

%
Deutsche Bank FRN 2017 5.4
British American Tobacco 4.6
Taiwan Mobile 4.5
Taiwan Semiconductor 3.9
PTT Exploration and Production 3.7
Singapore Technologies Engineering 3.6
United Overseas Bank 3.6
Telstra Corporation 3.5
QBE Insurance Group 3.3
Oversea-Chinese Banking Corp 3.3
Total 39.4


Country allocation as at 30 September 2008

Country %
Singapore 23.1
Australia 15.0
Malaysia 14.5
Thailand 11.6
Taiwan 11.3
Indonesia 9.0
Hong Kong 7.0
New Zealand 1.7
China 1.7
Philippines 1.5
Cash 3.6
Total 100.0


General description of Company's financial position and performance as at 30 September
2008


£m
Gross Assets 131.7
Debt 16.8

Actual gearing 14.6%