Share Name Share Symbol Market Type Share ISIN Share Description
Aberdeen Sml.Co LSE:ASCI London Ordinary Share GB0008063728 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.00p -0.35% 286.00p 281.00p 291.00p 287.00p 286.00p 287.00p 23,415 15:01:21
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2.2 1.6 7.3 39.0 63.23

Aberdeen Sml.Co Share Discussion Threads

Showing 126 to 150 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
25/11/2017
07:29
Agreed, particularly when it's not really smallcap, and compared to eg SHRS. Still a happy holder here.
spectoacc
24/11/2017
23:52
NAV performance has been brilliant this last year; strange that it's still at a big discount.
deadly
24/11/2017
10:00
hTTps://masterinvestor.co.uk/funds-and-investment-trusts/using-z-score-spot-undervalued-investment-trusts/?utm_source=Daily+Bulletin&utm_campaign=fbce0249cf-Daily_Bulletin_20171123&utm_medium=email&utm_term=0_25eff0bb7f-fbce0249cf-34956193 Extract -Other smaller companies trusts with high Z-scores are: Henderson Smaller Companies (LON:HSL), Aberdeen Smaller Companies Income (LON:ASCI), and BlackRock Smaller Companies (LON:BRSC). Z-scores can be a useful starting point, but they do not tell you how the trust will perform in the future, so it’s always important to look carefully at the fundamentals so that you can make an informed decision. Each investment trust’s Z-score is published on the Morningstar website and you may also come across them in the financial press. If you decide to use them please be aware that they often change quickly as the discounts can widen or tighten dramatically over the course of a single day.
davebowler
18/10/2017
14:37
17 Oct NAV Aberdeen Smaller Cos Income Trust Undiluted Including Income 327.82p
davebowler
12/10/2017
10:01
10 Oct Aberdeen Smaller Cos Income Trust NAV Including Income 325.06p
davebowler
03/10/2017
14:42
Discount could still come in a long way IMO. Happy holder here.
spectoacc
03/10/2017
13:23
2 Oct NAV Aberdeen Smaller Cos Income Trust Including Income 321.93p
davebowler
19/9/2017
09:10
15 Sep NAV Aberdeen Smaller Cos Income Trust Plc Undiluted Including Income 315.10p
davebowler
13/9/2017
08:41
@SpectoAcc, point taken. At least the Danish investment is in a growth company - growths on the lips, tongue, larynx and lungs!
caradog
13/9/2017
08:25
@Caradog - if you search my posts on here going back the past few years, I've made much the same point re market cap. Likewise, if you look at eg ASCI's top ten, there's nothing in there I'd personally regard as "smaller". Many are billions or multi-billions. Granted, some have grown there from when first purchased. But overall, this is only "..Smaller co's..." in the sense they don't hold BP, Shell, HSBA & Vodafone! On the plus side - smaller co trusts tend to trade at discounts due to liquidity of the underlying holdings. ASCI shouldn't, which makes it unusually cheap IMO.
spectoacc
13/9/2017
08:05
The tobacco company is Danish. Although the performance of the trust has been excellent, I am dismayed that it is investing in tobacco. Quite apart from my ethical objections, it is clearly against the ethos of a UK smaller companies trust to be investing in foreign companies capitalised at 1.3 billion GBP. If I am investing in a Japanese smaller company trust, I do not expect it to invest in large Irish dairy companies. How can I structure my portfolio when trusts stray from their stated sectors and investment policies?
caradog
13/9/2017
07:31
Agree this looks a real bargain. Strong performance and a decent yield too. Today's interim makes for good reading too, some of the new positions look promising and should enhance the yield of the fund (eg a few reits and a high yielding Swedish cigar company amongst others)
riverman77
12/9/2017
11:51
I sold my SHRS too soon, 20p ago, days before the rise, but I can certainly see ASCI's discount narrowing - it's not a smallcap IT really.
spectoacc
12/9/2017
11:23
I've just sold some of my SHRS to buy more of these as they are at such a discount to NAV
davebowler
05/9/2017
14:42
Having seen the tear SHRS has been on, getting pretty close to NAV from a large discount, I'm wondering if ASCI is due to come in a bit (or a lot). Also wondering if some of it is cross-selling after the SL/ADN merger, but might be p*ssing in the wind.
spectoacc
05/9/2017
14:25
4 Sept Aberdeen Smaller Cos Income Trust Plc NAV Including Income £313.49p
davebowler
02/8/2017
15:07
Thanks @davebowler. I maintain "small cap" is a misnomer.
spectoacc
02/8/2017
14:50
Winterfloods; · Differentiated from peers – Aberdeen Smaller Companies Income is differentiated within the UK Small Cap sector by its fixed income portfolio, which broadly offsets its c.10% gearing and boosts income. The fund also has a relatively focused portfolio of 45 stocks, although it remains diversified with less than 30% invested in the top 10 holdings. Other than its stable-mate, Dunedin Smaller Companies (79%), the fund’s highest portfolio overlap with peers is just 16%. With the impending merger of Aberdeen AM and Standard Life it is worth noting that Aberdeen Smaller Companies Income and Standard Life UK Smaller Companies* are differentiated by their investment approaches, with the latter focusing on growth, and just a 10% overlap between the two portfolios. · Focus on quality businesses has delivered outperformance – The managers, Jonathan Allison and Ian Hewett, aim to invest in companies with strong management teams and balance sheets that are generating high returns on capital. The fund’s NAV has outperformed its benchmark, the FTSE Small Cap ex Investment Companies Index, over the last one, three and five years and has also outperformed the UK Small Cap peer group over the last three and five years. Perhaps more importantly, since Jonathan Allison and Ian Hewett took charge of the fund in March last year, the NAV has outperformed both the benchmark and the UK Small Cap peer group. · Attractive yield – The fund has a historical dividend yield of 2.8%, based on the current share price, and was 1.07x covered by revenue in 2016. The yield, which is boosted by the fund’s allocation to fixed income, is at the higher end of the small cap peer group. Dividend growth has been above 3% in each of the last four financial years and the fund also benefits from a revenue reserve equivalent to 1.4x aggregate dividends in FY2016. · Discount wider than peers – The fund’s discount is currently around 20%, which is at the wider end of the UK Small Cap peer group. It is broadly in line with its 12 month average, but over the period the discount has ranged between 17% and 25%. In June the differential in discount level between the fund and the UK Small Cap peer group reached its highest level in the last five years, and, although it has since narrowed, it still remains significant. Winterflood View Aberdeen Smaller Companies Income has a solid performance record, with outperformance of both its benchmark and peer group over the last five years. However, the focus on quality makes it likely that the fund would lag in rapidly rising markets. In terms of its market capitalisation the fund is at the smaller end of the peer group and so liquidity can be patchy. However, we believe that the 2.8% yield is attractive and the 20% discount offers value, both in absolute terms and also relative to the fund’s small cap peers. Given the relatively small size of the fund, performance is likely to be the key driver of any re-rating rather than share buybacks. It is also possible that there could be some discount tightening in the lead up to the fund’s next continuation vote, which is due in 2020 and is held every five years.
davebowler
18/7/2017
16:28
Couldn't see any tips, but it was always a bit of an outlier. While most of the other smaller company funds have rerated, this is still on very wide discount despite solid performance and a decent yield. I note the directors have been buying too so clearly a bargain.
riverman77
18/7/2017
15:01
5% - rather large move - tipped somewhere?
mozy123
18/7/2017
14:20
17/7/17 Aberdeen Smaller Cos Income Trust Plc NAV Including Income 298.49p
davebowler
27/6/2017
09:38
Wonder at what point - if at all, to be fair - someone attempts to deal with the NAV discount. Seems a bit illiquid/small for the activists to get involved, but never know - eg an Elliott or a BTEM. The portfolio itself seems fairly liquid (being mid-cap not smallcap on the whole) if they pushed for wind-up rather than buyback. Remain a holder - NAV near £3, yield in meantime.
spectoacc
07/6/2017
17:13
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.
taylor20
07/6/2017
14:40
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?
deadly
06/6/2017
19:18
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.
spectoacc
Chat Pages: 6  5  4  3  2  1
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