Abrdn Smaller Companies ... Share Discussion Threads

[my retirement fund] 12/1/2017 17:42

Ahh, I was wondering why the shareprice had turned down again, its because the NAV is up another few pence again to 268.16p.

Dogarth-ye-cometh !

[my retirement fund] 11/1/2017 14:17

FFS, nav 266.4p, mcx broken out into multi year highs.

Will this ever get its day in the sun ?

Christ would dread to think what would happen to it if we have a couple of down days!

[essentialinvestor] 10/1/2017 12:37

Would need to double check but that NAV looks about a year high.

[spectoacc] 22/12/2016 13:13

I'm "overweight" it, if there is such a thing. IMO "small"cap funds aren't what they were - they're not small for starters. So discounts of 20-30% that have applied historically just aren't valid anymore IMO.

Market is slow to cotton on and could take a few years yet, but a quick glance at the market cap of ASCI's Top 10 (as per HL):

RPC £3.4bn
XPP £333m
DPH £1.2bn
WIL £237m
CSN £520m
ERM £1.3bn
ELM £1.24bn
FSJ £780m
BBA £2.8bn
Fenner £460m

That's the best part of 30% of the fund, and I'd personally think a discount of nearer 10%.

[essentialinvestor] 22/12/2016 12:51

Attempted to highlight ASCI a few times as risk/reward looked favourable imv.
Good to see the share price making progress.

Just under 5% of my investments atm.

[skinny] 21/12/2016 11:34

I've been watching these for a while - it looks like I may gave missed £2 for now.

Discount to NAV over time.

[my retirement fund] 16/12/2016 16:03

Stupid discount to NAV

[essentialinvestor] 16/12/2016 14:56

Nice!, and about time, tried my patience.

[my retirement fund] 15/12/2016 15:56

Best quotes available to the retail investors here 198.44p to sell, 205.00p to buy, so even a modest purchase for a retail investors of say 1000 shares is going to wipe him out by more than £65 and that's before their brokers commission and government stamp duty.

Spread of 6.56pence is bloody disgusting - people should complain to the FSA imo !

[deadly] 07/12/2016 16:28

23% discount and goes XD early Jan....looking a good buy now.

[essentialinvestor] 25/11/2016 10:15

Starting to make some progress now.

[essentialinvestor] 14/11/2016 08:32

Even more interesting a week ago when briefly available to buy under 1.90 ).

[luckymouse] 11/11/2016 15:16

interesting level here

[essentialinvestor] 18/10/2016 14:17

Spec, just over £2 a share to buy atm,
so easier to add on down days.
May be plenty more of those to come.

[spectoacc] 18/10/2016 13:34

Like your attitude @EI - amazing how many people only want to buy things when on the "up". I find a good rule of thumb is "buy when ADVFN is silent".

[essentialinvestor] 18/10/2016 11:05

Added again yesterday as shares were available in under 1.95, if ASCI
were to slip back in to the 180's then so much the better.
Up to about 30% of the amount I would like to hold.

Looking through the full list of holdings there are not
many I dislike, DVO one exception as per my posts on the DVO board,
BRSN looks a good price to top slice and hopefully the manager may do that.

[spectoacc] 15/10/2016 12:32

Good luck; can't go far wrong with that yield & discount.

[essentialinvestor] 15/10/2016 12:05

Added some more yesterday near 1.99,
Intend to add further depending on price and what else may be of
interest at the time.

[essentialinvestor] 11/10/2016 12:19

Finally got a half decent amount, majority at 201.77.

Thought there may be some selling following the XD.
Part of my longer term holdings.

[spectoacc] 06/10/2016 20:11

Good luck SHRS, XD today of course - as was ASCI! Didn't realise until after I'd bought but makes little difference - perfectly happy with 202.3.

Yes, got out of BIST again, and amazed by the NAV reported after that mammoth ftse day this week. I thought it wouldn't go up nearly as much as similar co's but:

Monday's close:
128.06p Capital only and including debt at par value
120.04p Capital only and including debt at fair value
130.81p Including current year income and debt at par value XD
122.79p Including current year income and debt at fair value XD

Tuesday's close after massive market rally to all-time FTSE highs:
128.11p Capital only and including debt at par value
120.21p Capital only and including debt at fair value
130.88p Including current year income and debt at par value XD
122.98p Including current year income and debt at fair value XD

By Wednesday:
127.66p Capital only and including debt at par value
119.89p Capital only and including debt at fair value
130.44p Including current year income and debt at par value XD
122.68p Including current year income and debt at fair value XD

Beyond pathetic. Wlll post on BIST thread to avoid clogging up ASCI!

[essentialinvestor] 06/10/2016 19:07

Spec, you are right it can varely widely, at times not even 500 shares on offer,
other days you can buy well in to the thousands.

Noticed your post on BIST, my recent trade was at 109.75 and out next day at 111.15.
I keep an eye on it as on market down days it can sell off hard, and then bounce.
Longer term holders must be utterly seething at performance.

Added some SHRS this afternoon under 2.30.

[spectoacc] 06/10/2016 13:58

Similar here, large holding in SHRS and large holding in ASCI. Still - have added a few more ASCI today at 202 - unusually liquid, 198/206 in market but 200/202.3 online.

[essentialinvestor] 05/10/2016 19:16

Liquidity contributes to the discount imv.

ASCI is Shires largest holding, SHRS my current largest holding atm.

[luckymouse] 05/10/2016 18:53

Needs a little nudge - few buy backs or something - 3.3% yld vs 2.3% for popular HSL doesn't seem sufficient reason for discount

[spectoacc] 23/9/2016 10:22

Not quite 2008 levels but the discount not far as wide as it gets - nearly 22% (several times been to zero if HL chart to be believed).

3.2% yield paid quarterly, next XD should be in next few weeks.