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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
  -0.50p -0.21% 240.00p 236.00p 244.00p 240.50p 240.00p 240.50p 1,241 10:26:29
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 2.3 1.7 7.8 30.9 53.06

Aberdeen Sml.Co Share Discussion Threads

Showing 176 to 200 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
04/10/2018
08:47
XD today of course (1.75p).
spectoacc
04/10/2018
08:43
I'm out, got rid of my last lot yesterday. Luck to anyone holding. Was happy to hold with Jonathan as manger, that changed.
essentialinvestor
22/9/2018
11:42
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.
topvest
22/9/2018
10:59
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.
riverman77
20/9/2018
14:26
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.
essentialinvestor
20/9/2018
14:19
Completely missed that, well hidden. Isn't she married to Peter Crouch?
spectoacc
20/9/2018
12:31
Very disappointed at the change of manger.
essentialinvestor
12/9/2018
12:24
Topvest, think you may do nicely here longer term, short term less sure on that.
essentialinvestor
03/9/2018
10:18
DPH down 15% on results, that's their second largest holding from memory. Punchy ratings leave little room for any disappointment.
essentialinvestor
28/8/2018
10:49
Well I've purchased a small initial holding. Good value on a 20% discount.
topvest
27/8/2018
15:36
Yield is at 2.6% approx. Might be a mistake but I'm looking for around 3%, or over, to add. I've looked at the earnings multiples on their top 10 holdings, the mean average looks well north of 20x, that's punchy. Their latest buy is Hilton Foods, very decent business, but on about 22x. The NAV discount does provide some protection.
essentialinvestor
27/8/2018
07:03
We all like it but we all want it cheaper :) (Also unusually cashed-up atm, with several holdings also due to pay out shortly).
spectoacc
26/8/2018
17:08
Yes agree, I've made the same point on the SLA board previously. In terms of ASCI, it looks a GARP approach. Very much hope SLA can keep hold of Jonathan Allison, he's made some very astute stock selections. The current NAV discount already looks generous, this is at least worth watching. There's also 120% the current annual dividend in reserves.
essentialinvestor
26/8/2018
16:59
Yes, but Aberdeen StandardLife use a value (rather than pure growth) investment approach. I am not saying they don’t buy growth companies as well, but they are not in the same category as Baillie Gifford who are pretty much growth (irrespective of price) investors. Over the last 5 years those investment managers taking an approach more like Baillie Gifford have out performed. Anyone holding Amazon and the FANGS are “growth” investors. Fevertree and ASOS if you are talking UK only.
topvest
26/8/2018
16:49
ASCI has limited UK cyclical exposure, can only think of MGNS Or MANX MANX- which is non cyclical but heavily dependent on IOM economic fortunes. Neither is it a value oriented trust, that would be something like MUT or MYI. Mentioned Brexit only because it impacts sentiment towards the sector, and sentiment may drive the NAV discount higher. In the case of ASCI, I think that may be misplaced.
essentialinvestor
26/8/2018
16:18
I will almost certainly buy some of these. Just waiting for a good entry opportunity. Have most of the Aberdeen investment trusts in my portfolio. Aberdeen StandardLife are an excellent investment manager, but have under-performed for some years because of the growth >> value tilt. This will tip the other way around at some point in the not too distant future. Hard brexit doesn't really worry me at all and its a waste of time trying to predict the future of the UK or Global economy. Forecasts are always wrong. For what its worth, I try to hold investment trusts at about 40-50% of my portfolio. I'm also 20% cash at the moment which seems sensible 9 years into a bull market.
topvest
26/8/2018
15:55
@riverman77 - true, and to be fair I can't recall what the FTSE Small Cap limit is. It clearly doesn't include DPH, VCT, AVV & AGR tho, so ASCI really need a different benchmark, if not a different name. I guess there's "Microcap" beneath Smallcap too. @EI - chances of hard Brexit seem to be growing by the day. My favourite quote is the one pointing out that there's a majority in Parliament against every conceivable outcome :)
spectoacc
26/8/2018
12:43
SpectoAcc - that's true but quite a few of the small cap trusts are actually mainly mid cap when you look into the holdings, HSL and BRSC just as a couple of examples,but I'm pretty sure there are others.
riverman77
26/8/2018
11:48
From memory, the trust was heavily geared to preference shares coming in to the financial crisis. With the Brexit crunch fast approaching, there may be opportunities lower down. If you are of a view the UK will negotiate a deal which the Tory party will back in numbers sufficient to pass a HoC vote, then UK REITS, house builders and some other domestic cyclicals are worth watching. It gets very messy indeed if the Tories cannot unite behind a deal.
essentialinvestor
26/8/2018
10:08
@topvest - my issue with ASCI has always been that it totally isn't "..Smaller Companies..". Is badly mis-named, and has the fixed income side to it too (which looked a little ropey when Aviva pulled their recent stunt!). But made good money on it in the past - as a midcap fund, it doesn't deserve this discount IMO, tho want a little more leeway before I buy again. Fair point about performance back to 2007 too. Their benchmark is "FTSE Small Cap ex.IT TR GBP", and yet: Top holding market caps: XPP £592m DPH £3.18bn VCT £2.68bn AVV £4.46bn AGR £1.36bn None of those would I consider "smallcap"!
spectoacc
26/8/2018
10:02
Yes, keeping an eye myself to get in for the first time. I would question the long-term performance point a little as share price all time high was in 2007 - never regained and the dividend is 50% below then. Seems to have been caused by excessive gearing running into the last recession. Still, recent performance has been OK and gearing at 10% is now much more sensible.
topvest
22/8/2018
06:53
No longer a holder here but keeping an eye on it. Can't see much reason for the drop, but c.19% discount is still some way short of levels of the past 3 years, when 25% wasn't uncommon. Their mid-cap holdings could be quite Brexit-affected I guess, and never sure about the weighting to fixed income - a drag on performance when the market's doing well, and not much of a contributor to 2.5% divi. Will certainly keep an eye on it.
spectoacc
21/8/2018
17:33
Unexplained drop has put this on c.19% discount - wider than pretty much all its peers despite very solid long-term performance.
riverman77
24/7/2018
10:25
20 Jul NAV Aberdeen Smaller Cos Income Trust Including Income 343.70p with Debt at Fair Value
davebowler
21/6/2018
10:24
ASCI is even smaller than DNDL so arguably an even better candidate for a merger, and on a 16% discount. A good fund too so definitely worth a look
riverman77
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