Abrdn Smaller Companies ... Share Discussion Threads

[dr biotech] 13/2/2023 11:22

I hold a few trusts and the discount to NAV does seem to vary quite a lot. Given the increasing tendency for PI's to buy trackers we could see more funds consolidated. Will be a slow burner though. I hold a lot of the smaller companies growth trust - that is somewhat larger at £440m.

[blackhorse23] 13/2/2023 10:42

Out with profit & reinvesting at CURY

[davebowler] 13/2/2023 09:02

For immediate release

13 February 2023

abrdn Smaller Companies Income Trust plc ("the Company")

Strategic Review

The Company continues to deliver upon its investment objective of providing a high and growing dividend and capital growth from a portfolio invested principally in UK smaller companies and UK fixed income securities.

However, the Company's shares have continued to trade at a material discount to their net asset value for a prolonged period of time and this, coupled with the Company being of a small scale, has created challenges in generating improved liquidity in the Company's shares and will also restrict the Company's ability to grow over time.

Whilst the board of directors of the Company (the "Board") believes that the Company remains in a position to continue to generate attractive returns for all shareholders, the Board today announces that it intends to undertake a strategic review to consider the future of the Company. The strategic review will include consideration of a combination of the Company's assets with another suitable investment trust, possibly coupled with a cash exit.

The Board will continue to update shareholders on the progress of the strategic review, as appropriate. There can be no certainty as to the outcome of the strategic review nor whether any potential transaction would be successfully completed.

Enquiries:

Dagmar Kershaw, Chair

0131 372 2200

Joe Winkley, Winterflood Securities

[spooky] 09/1/2023 15:23

March video?

[essentialinvestor] 10/11/2022 20:45

It was available at 2.267 earlier.

[orinocor] 10/11/2022 20:43

I was buying these today at 230p. There should be a sizeable NAV uplift tomorrow.

[essentialinvestor] 06/10/2022 19:03

Not saying otherwise, just an observation on their portfolio in a bear market and also some recent decisions.

Watkin Jones a shocking recent buy, ASCI bought following..several very encouraging meetings with the management.

XPP, why the hell did they not sell on the first sign of litigation concerns, particularly as the fund must have been very significantly in profit on that holding.

[orinocor] 06/10/2022 16:11

There are pros and cons for each and I've no intention of putting all my eggs in one basket.

[essentialinvestor] 06/10/2022 16:06

That's my point, the reverse is the case in a bear market.

I can buy IPU on a 15% discount, with a lot more liquidity than ASCI.

ASCI NAV discount needs to be around 17% plus for me to add here.

[orinocor] 06/10/2022 16:02

That's even better, more upside.

[essentialinvestor] 06/10/2022 15:50

Take a look at the smaller asset management companies element, they are being whacked atm.

[orinocor] 06/10/2022 15:48

only 22% financials essential which I dont think is high and even better - only 12% consumer discretionary.

[essentialinvestor] 06/10/2022 15:32

Trust appears to have a heavy weighting to smaller financial stocks, particularly asset management businesses. Helpful in a bull market and the reverse in a bear phase.

Arguably the Manger should have better positioned the portfolio for this, given rising rates and inflation have been evident now for 6 months plus.

Unsurprisingly the discount to NAV is widening.

[orinocor] 04/10/2022 13:53

I dont know if this is the time to be buying in here again but I've just bought a few at 227p

I have been buying ipu as well.

[essentialinvestor] 13/9/2022 14:30

Poor on a quick read through, unconvinced by the Manger's comments
that they can outperform in this backdrop.

IPU offering better value?.

[orinocor] 29/7/2022 10:05

ftse250 still strong

[my retirement fund] 27/7/2022 13:49

NAV now peaked and falling back - delayed action

[my retirement fund] 25/7/2022 15:45

I wonder if they put the spread like this so brokers like AJ Bell can make extra

[orinocor] 25/7/2022 15:40

Youinvest have been cleared out. No more cheap shares and no online quote now.

[mozy123] 25/7/2022 12:10

Its a tiny IT, so there is not much liquidity / high daily volumes hence high spread.

Its probably one of those funds that should be liquidated and converted the investors to a OEIC.

[my retirement fund] 25/7/2022 11:32

Spread seems rather disappointing here, you would think someone like Aberdeen would have a decent amount of liquidity to maintain a sensible spread? The NAV should have improved nicely again today.

[orinocor] 22/7/2022 15:50

There's been a big rally in the ftse250 shares this week. My MRC shares are up 10% but asci has hardly moved out the trough chart wise. I think the shares should be 275p or higher.

[orinocor] 22/7/2022 15:45

It was just a normal online buy. Got a quote immediately. Not a fill or kill