Aberdeen Smaller Compani... Share Discussion Threads

[taylor20] 07/6/2017 18:13

Typo I guess? Roughly 70-odd% in UK equities: hTtp://www.funddata.com/abpdf/193.pdf#_ga=2.190517859.917567871.1496855499-1032029664.1496855499 Anyway, discount has widened massively so topped up this morning.

[deadly] 07/6/2017 15:40

portfolio shows 76% in Indian fixed interest! Yet this was not shown in the last annual report. Would like to know more....e.g. is it hedged?

[spectoacc] 06/6/2017 20:18

Some very strange big fallers today, when lots of the things that should fall on a Corbyn victory (or Corbyn/Nicola Sturgeon coalition) really didn't do much at all - eg the bus/rail co's. I know the communists aren't calling for instant privatisation of these, but their business model is basically in run-off if Corbyn's PM. I've a few choice bets on just in case - JC is like the Second Coming to many. After Brexit & Trump, can't rule it out.

[killing_time] 06/6/2017 19:51

Yep, all my small companies trusts are taking a bit of a hammering with Thursday looming. Expect them to all bounce back if Cons get a majority. If Comrade Corbin gets in heaven help us.

[mozy123] 06/6/2017 19:44

Fear selling - discount is get juicy again

[killing_time] 04/5/2017 14:26

Bought ASCI about a month ago then start of this week bought HSL and BRSC. All small companies trusts seem to be really motoring at the moment. Surprised by how fast the NAV's are rising.

[davebowler] 04/5/2017 10:38

2/5/17 Aberdeen Smaller Cos Income Trust Plc Undiluted NAV Including Income 294.52p

[mozy123] 02/5/2017 13:30

Well im still not selling. :)

[davebowler] 02/5/2017 12:12

27 Apr NAV Aberdeen Smaller Cos Income Trust Plc Undiluted Including Income 291.07p

[mozy123] 13/4/2017 19:37

looking good boys!

[essentialinvestor] 13/4/2017 12:19

286.43, wow.

[davebowler] 13/4/2017 11:22

11 Apr NAV Aberdeen Smaller Cos Income Trust Plc Undiluted Including Income 284.54p

[essentialinvestor] 13/4/2017 10:53

IF there is another leg to this bull market (would define that as the UKX somewhere near 7700 approx) ASCI may trade well into the 2.30-2.45 range. That is very much speculation/guesswork and IMV only, as always please DYOR.

[essentialinvestor] 12/4/2017 20:40

VCP is the latest addition along with Scandinavian Tobacco. They top sliced, Fenner, Dechra, Intermediate Capital and Hiscox on the last update. Dechra was a 3.5% holding following the reduction, so adjustments made usually tend to be conservative.

[mozy123] 12/4/2017 19:45

Loving the discount here. Adding more.

[wskill] 12/4/2017 16:20

Yes I hear what you are saying guys but with a 31.7% discount to net assets it does give a decent sized moat . Pretty good stock picking here as well held SHRS for a decent length of time and had some very good dividends and capital growth which was mostly due to narrowing of discount which I hope to emulate here.

[essentialinvestor] 12/4/2017 13:15

CSN has been a stormer for ASCI. Regret selling CSN and almost timed buying back in nicely, hesitated and it has cost me dearly. Nearly is as good as never!. Taking a complete break from trading anything until I'm more confident where markets are going from here.

[spectoacc] 12/4/2017 13:06

Also, ASCI a long way from a small company fund - eg top 5: XPP £474m, Dechra £1.52bn, CSN £582m, ELM £1.32bn, BBA £3.18bn. And nearly 10% of the fund in convertibles & prefs.

[essentialinvestor] 12/4/2017 12:58

Yes was going to qualify that very point as it happens. A smaller company fund perhaps not the best place for choppy markets, however SHRS has been strong recently, my average sell price on Shires was just under 2.44, so allocating some of capital to ASCI, given the discount, may provides some safety. 2.11 my recent average buy price. Might work out very differently in practice!. Would hope the Manger top slices several positions near these levels, Jonathan strikes me as a cautious type so hopefully will be the case.

[spectoacc] 12/4/2017 12:43

ASCI going to be choppier than SHRS tho, if you think market due a correction. Though discount on ASCI hard to ignore.

[wskill] 12/4/2017 12:16

Shifted a few out of SHRS today as ASCI is one of their biggest holdings anyway and the discount here is close to 30% compared to 12% at SHRS income growth has also been much higher with ASCI.

[spectoacc] 11/4/2017 16:25

XPP also their largest holding, though today's rise will be worth less than 1p onto NAV.

[spectoacc] 11/4/2017 15:41

Discount must be as wide as it's been for a while, though probably reflecting nervousness at giddy market.