Aberdeen Smaller Compani... Share Discussion Threads

[davebowler] 02/12/2019 13:17

Aberdeen Smaller Cos Income Trust Plc 28 Nov NAV with Debt at Fair Value Including Income 350.06p

[davebowler] 26/11/2019 12:00

hTTps://intouch.rdir.com/customtemplates/reports/ABDN/ABDN_IT_November19.pdf

[davebowler] 26/11/2019 10:38

NAV 22 Nov Aberdeen Smaller Cos Income Trust Plc Including Income 338.68p with Debt at Fair Value

[davebowler] 22/11/2019 12:30

20 Nov NAV Aberdeen Smaller Cos Income Trust Including income 336.18p with Debt at Fair Value

[davebowler] 18/11/2019 17:27

NAV 15 Nov Aberdeen Smaller Cos Income Trust Including Income 335.09p with Debt at Fair Value

[davebowler] 13/11/2019 09:59

NAV 11 Nov Aberdeen Smaller Cos Income Trust with Debt at Fair Value Including Income 332.88p

[davebowler] 26/9/2019 15:41

HTtps://trustintelligence.co.uk/articles/aberdeen-smaller-companies-income-sep-2019

[davebowler] 07/6/2019 18:21

6/6 19 NAV Aberdeen Smaller Cos Income Trust Including income with Debt at Fair Value 333.43p

[davebowler] 23/5/2019 12:15

hTTp://www.aberdeen-asset.co/static_files/documents/b18efba4-cac0-4287-8e18-c45caa9b8e13/32/90017-cd-121036838_itfct_ascit.pdf

[davebowler] 07/5/2019 09:35

hTTps://www.ii.co.uk/analysis-commentary/nine-investment-trusts-big-discounts-ii508178?utm_source=IBMW&utm_medium=email&utm_campaign=ii_weekend_round_up_newsletter_040519_sent&utm_content=&spMailingID=5884487&spUserID=MTIxNjc2Mzk1NDM1S0&;spJobID=1270226887&spReportId=MTI3MDIyNjg4NwS2

[davebowler] 02/5/2019 12:55

Kepler commentary May; In the case of Aberdeen Smaller Companies Income, we continue to believe that the change in management last year could lead to a re-rating. Since September 2018, the trust has been run by Abby Glennie, one of the two UK small cap managers in the Standard Life Smaller Companies team, which has an outstanding track record of generating strong total returns with a quality growth style. Abby works alongside Harry Nimmo, whose Standard Life Smaller Companies Trust trades on an 8% discount, but has frequently traded on a premium when UK small caps are more in favour. ASCI’s process has moved toward alignment with Harry’s, with the only differences coming from the income skew of the mandate.

[davebowler] 01/5/2019 10:24

29 Apr NAV Aberdeen Smaller Cos Income Trust Plc with Debt at Fair Value Including Income 332.93p

[davebowler] 25/4/2019 15:35

HTtp://www.aberdeen-asset.co/static_files/documents/b18efba4-cac0-4287-8e18-c45caa9b8e13/30/87825-cd-121036602_itfct_smaller_companies.pdf

[essentialinvestor] 14/12/2018 14:38

One of the reasons I became cautious was the punchy rating on some of their top holdings, as mentioned a couple of months ago. And you can see now what is happening, with some really sharp % declines on Victrex,Dechra and XP Power. It may be wise to reduce some of these higher PE stocks which appear at the top of their historical multiple range.

[essentialinvestor] 14/12/2018 14:14

Current NAV discount is around 16%, it's been 22-24% previously. We could dip below £2.20 with ease, unless markets recover, just imv.

[spectoacc] 14/12/2018 10:57

AVV - £3.9bn VCT - £1.9bn DCH - £2.1bn AGR - £1.2bn That's the top 4 holdings, making up c.15% of the fund. They may well fall under "mid cap" for FTSE definitions (AVV may be pushing even that), but not sure they do for me (and Small they are not). It's strange when ASCI has just £70m of assets that they feel obliged to move that far up the market cap spectrum. Still - I've been making the same point for about 5 years so ASCI aren't likely to change :) I reckon c.25% discount again would interest me.

[essentialinvestor] 14/12/2018 10:39

It's more mid cap range, and would also expect the discount to widen.

[spectoacc] 14/12/2018 10:36

Haven't looked in a while, but the discount seems similar to usual so doesn't interest me to get back in atm. Still misnamed of course, unless by "Smaller companies" they mean smaller than VOD/HSBA/BP :)

[essentialinvestor] 14/12/2018 09:28

Coming off quite sharply now.

[spectoacc] 04/10/2018 09:47

XD today of course (1.75p).

[essentialinvestor] 04/10/2018 09:43

I'm out, got rid of my last lot yesterday. Luck to anyone holding. Was happy to hold with Jonathan as manger, that changed.

[topvest] 22/9/2018 12:42

I'm sorry but that's definitely not the case. SLA have been a great supporter of investment trusts over the years, and that continues to be the case. With the SLA merger though there is bound to be some level of rationalisation of the two sides and their investment trust holdings. SLA have had a bad time of late, but when the technology disruption bubble bursts (as it will have to) SLA as a value investor will start out-performing again.

[riverman77] 22/9/2018 11:59

Clearly SLA don't give a toss about these tiddly trusts. I wouldn't be surprised to see this merged with one of the larger funds. Currently on 20% discount.

[essentialinvestor] 20/9/2018 15:26

Less than Impressed with this, we had a manager who outperformed over a multi year timeframe, oh, let's move him on now. Given the amount of key mangers that have left SLA since the merger, Jonathan is probably covering holes left elsewhere, so to speak.