Aberforth Smaller Compan... Dividends - ASL

Aberforth Smaller Compan... Dividends - ASL

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Stock Name Stock Symbol Market Stock Type
Aberforth Smaller Companies Trust Plc ASL London Ordinary Share
  Price Change Price Change % Stock Price Last Trade
-2.00 -0.14% 1,446.00 14:52:02
Open Price Low Price High Price Close Price Previous Close
1,450.00 1,438.00 1,450.00 1,448.00
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Industry Sector

Aberforth Smaller Compan... ASL Dividends History

Announcement Date Type Currency Dividend Amount Period Start Period End Ex Date Record Date Payment Date Total Dividend Amount

Top Dividend Posts

dodgedollar: Hi, I am new here. I am a seasoned private investor 20 years in the making and have held these shares for a decade, only selling up once to buy help with a home move. Stable mates are one Tech Trust and one world equities trust and thats it! This trust has, I believe, good management and have reliably made me money in that time. I sold my business in late 2019 and dripped sizeable amounts for six months testing Pound cost averaging to death ( covid) Like many stocks this did take an unnerving dive, and it seemed some of their holdings did look questionable and I did question my sanity on occasion but, the dividend policy continued through having plenty on cash reserves and I through gritted teeth continued with faith. One thing I didn’t realise was how UK stock were out of favour but, alas, this situation is reversing to our benefit!
skwas1: Hi all, any idea why ASL has outperformed ASIT over the last month (40% vs 23%). Considering the increased gearing of ASIT i fund this surprising. Thanks
king_baller: Big shift into small cap value going on with today’s vaccine news / sentiment. If, as is likely, there is Brexit progress in the near turn there could be a quick 30 percent bounce in ASL. Good opportunity to buy in at a particularly large discount, which I’ve taken.
mw8156: well to give the chairman his due he has replied: seems that they geared up the portfolio following the election in December in the expectation of a rally in British companies after any political worries of Corbyn had been removed. This seems fair enough even though it turned out to be the wrong option. then they invested in a succession of duds, First group, rps, sig, ipf, urban and civic which were not offset by successes with CMC, Huntsworth, Dialight-results today> Gulf marine and low and bonar. mentioned the dividend reserve allowed a maintenance of the progressive dividend policy- doesn't greatly matter to me a 30 yr shareholder in the ISA would have preferred greater concentration or index tracking in utilities and capital preservation in retrospect. Great turnover in stock in the portfolio over 30% a year suggests a lack of conviction in their holdings or ?poor quality stocks that continually need weeding out? My general conclusion- danger that the trust will become a Temple Bar or 'MandG Recovery' type fund invested in many value traps that appear to have a good dividend yield but no moat. Other conclusion is that yet to receive any apology from anyone at Aberforth...the extent of their reflection is that they are 'disappointed'--so am I!
envirovision: Charges at .85% seem fair, dividend is poor though. Much prefer SDV, thks for thread though.
topvest: I thought that I would start a thread on this trust. I do think that this is a really good investment trust with a disciplined value driven approach. It's delivered a total return of 14% per annum over 25 years and is on a reasonable discount and dividend yield. Never seems to get much interest, but I think it's the best run small company investment trust in the UK. Anyone else have any views?
meblundell: Does anyone know why ASL is dropping??
topvest: Aberforth as a manager are under-rated in my book. In 23 years they have turned £1 into £12 with a net asset value return per annum of 14.8%. There is also a good dividend record and a 2% yield. They just get on doing the business of buying lower valued shares in their index and selling when they appreciate to "fair value". I'm not sure that they deserve their discount rating as their record is very strong indeed. It's probably the wrong time to buy these, but I will add more at a suitable time.
ryandj2222: Bit annoyed about this share today. Seems like there was a major large spike down around lunchtime, quite out of character for ASL, that caught my stop out! I will be looking for a nice entry at a bit lower price later on though.
washbrook: Article in the investors Chronicle 27.3.09 page 48 -Algy Hall:- ------------------------------------------------------------------------------------------- Up until the start of this year, one of the abiding rules of the bear market was "big is beautiful". Indeed, in every quarter since the market peaked in mid-2007 the blue-chip FTSE 100 index has outperformed both the FTSE Small Cap and FTSE Fledgling indices, and during most quarters the outperformance has been extreme. But this trend has gone into reverse so far in 2009 - and that offers some grounds for hope that we may be approaching the bottom.Heading for the exit When markets fall there are good reasons for the flight from small caps. After all, their size makes them more vulnerable to the type of trading difficulties that all businesses face during a recession, such as cancelled orders and unhelpful bank managers. Small caps also tend to have a domestic focus which makes them very sensitive to problems in the UK economy, and they have not benefited from recent currency movements in the same way as the big-dollar-earning blue chips. Small-cap shares tend to be very illiquid, which makes prices more sensitive to any distressed selling. And they are riskier, and so are sold off whenever risk aversion rises. That's why, since the market began to head south, the FTSE 100's 42 per cent loss has been considerably more palatable than the FTSE Small Cap's 58 per cent fall, the FTSE Fledgling's 55 per cent plunge and the FTSE AIM All Share's 67 per cent decline. All change However, for a first time in this bear market, it looks like smaller companies are set to outperform blue chips over a quarter-year period. With the first three months of 2009 almost complete, the FTSE 100 has dropped 11.9 per cent while the FTSE Small Cap is down 7.1 per cent and the FTSE Fledgling is actually up 11.9 per cent. Long-suffering Aim is also in positive territory, having clawed a 1.4 per cent gain. The positive momentum in smaller company shares could prove to be an important distinguishing feature in the market's latest rally compared with the many other bear market bounces we've experienced. That's because small caps are usually at the forefront of genuine market recoveries. The habit of small caps to outperform during a recovery is partly due their sensitivity to changes in economic conditions, which means they outperform in anticipation of better times to come. The other key factor, and perhaps the most relevant at the moment, is that small caps tend to be heavily oversold in the rush for the exit during a bear market, which creates some excellent value opportunities once the dust settles. So the recent fillip could be a sign that even if the recent rally proves to be just another false dawn, the market is at long last finding valuations with which it is comfortable. A bright future Fund manager Gervais Williams, who runs the Gartmore Growth Opportunties and Gartmore Fledgling investment trusts, believes that there could be something even more profound at work than a simple recognition that small caps are – as he puts it – "embarrassingly cheap". Mr William says, "I think there will be a big trend away from large caps to small caps over the next five years or so... driven by dividend distribution." Mr Williams argues that large caps are over geared after many years of paying excessive dividends and will have to make unprecedented cuts – he points to the futures market which suggests cuts in the region of 50 to 60 per cent. Meanwhile, profitable small caps with decent balance sheets are in a position to reduce their focus on reinvesting profits for growth and to start paying out more in dividends. This would make them one of the only options for those seeking large and growing yields. Such a shift in sentiment towards small caps would be radical given the long-term movement in the other direction. Over the last 20 years the FTSE Small Cap index has actually fallen 1.2 per cent compared with an 88.1 per cent rise from the FTSE 100. But whether or not such a seismic shift occurs, the recent outperformance by small caps is a reason for encouragement. ------------------------------------------------------------------------------------ If you look at one of the best Investment Trust look at the chart for 2009. -------------------------------------------------------------------------------------------------------
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