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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Aberforth Smaller Companies Trust Plc | ASL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 10.00 | 0.70% | 1,432.00 | 12:43:12 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 1,422.00 | 1,422.00 | 1,432.00 | 1,422.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Announcement Date | Type | Currency | Dividend Amount | Ex Date | Record Date | Payment Date |
|---|---|---|---|---|---|---|
| 26/07/2024 | Interim | GBP | 0.136 | 08/08/2024 | 09/08/2024 | 29/08/2024 |
| 31/01/2024 | Final | GBP | 0.2855 | 08/02/2024 | 09/02/2024 | 08/03/2024 |
| 31/01/2024 | Special | GBP | 0.09 | 08/02/2024 | 09/02/2024 | 08/03/2024 |
| 26/07/2023 | Interim | GBP | 0.1295 | 03/08/2023 | 04/08/2023 | 25/08/2023 |
| 27/01/2023 | Final | GBP | 0.2695 | 09/02/2023 | 10/02/2023 | 08/03/2023 |
| 27/01/2023 | Special | GBP | 0.083 | 09/02/2023 | 10/02/2023 | 08/03/2023 |
| 26/07/2022 | Interim | GBP | 0.1205 | 04/08/2022 | 05/08/2022 | 26/08/2022 |
| 28/01/2022 | Final | GBP | 0.2425 | 10/02/2022 | 11/02/2022 | 08/03/2022 |
| 27/07/2021 | Interim | GBP | 0.1095 | 05/08/2021 | 06/08/2021 | 27/08/2021 |
| 29/01/2021 | Final | GBP | 0.229 | 11/02/2021 | 12/02/2021 | 09/03/2021 |
| 28/07/2020 | Interim | GBP | 0.104 | 06/08/2020 | 07/08/2020 | 28/08/2020 |
| 29/01/2020 | Special | GBP | 0.04 | 06/02/2020 | 07/02/2020 | 06/03/2020 |
| 29/01/2020 | Final | GBP | 0.22 | 06/02/2020 | 07/02/2020 | 06/03/2020 |
| Top Posts |
|---|
Posted at 10/12/2024 12:15 by davebowler Kepler...One trust that has benefitted from the M&A rush has been Aberforth Smaller Companies (ASL). The six-strong management team have an enviable track record of takeouts, having captured over a third of all M&A activity in their benchmark, the Deutsche Numis UK Smaller Companies ex Investment Companies Index, plus TI Fluid Systems which was a top five position at the end of November. This is simply an outcome of their stock selection approach and strong focus on valuations, and not a goal despite the high hit rate. The managers also engage actively with buyers if they don't believe a bid reflects the real value of the firm, and have a good track record of improving outcomes for all shareholders.Whilst M&A has been a positive contributor to performance, the strong focus on valuations has been the primary driver, leading to outstanding performance over multiple time periods. The managers describe this as their 'value roll' approach, which has seen average portfolio sales of 10.1x EV/EBITDA, versus an average 8.3x for purchases. For context, the average sale for their takeovers has been 13.9x showing the value bid activity has added. As such, we believe ASL can continue to deliver outperformance should the return of inflows prove short-lived, though it would certainly prove a healthy tailwind to a trust that has outperformed notably in the c. three and a half years since the UK last saw net inflows. |
Posted at 04/7/2024 08:38 by davebowler ''Despite the recent good run in absolute terms, the managers still believe the market offers very compelling value opportunities. They note that valuations reflect poor sentiment, but fundamentals are nowhere near as bad as these falls would suggest, and therefore there is the potential for a significant rebound. To support this, the managers note that the UK is undervalued versus global markets, small-caps are undervalued versus large-caps and ASL is undervalued versus the benchmark. As such, they believe their portfolio is on an effective triple discount.'' |
Posted at 12/1/2024 15:33 by davebowler Tip Watch #2: Keep faith in my 2023 investment trust tips - they WILL come goodSo says This is Money’s Jeff Prestridge. The commentator opens his above-titled article by highlighting how in 2023 “…equit As for Prestridge’s 2023 tips: “This time last year, I assembled an investment trust portfolio that I thought could deliver spectacular returns. Not necessarily straightaway, but certainly over three to five years. The portfolio comprised ten trusts…invest abrdn New India; Augmentum Fintech; Herald; Seraphim Space; Aberforth Smaller Cos.; Brunner; Invesco Asia; Schroder UK Mid Cap; Templeton Emerging Markets; and VinaCapital Vietnam Opportunity The article continues: “So what's happened to these trusts over the year? Have they delivered the stellar returns I thought they were capable of? The answer is no. I know this because I invested £100 in each of these ten trusts at the start of the year via my stocks and shares Isa. Looking at my Isa yesterday, the collective value of these holdings was £845.32. Add in the dividend income I have received of £15.09, and my £1,000 investment is now worth £860.41. In percentage terms, that is a significant fall of 14 per cent.” Despite the disappointing performance, Prestridge is sticking to his guns: “…I still believe that this portfolio will prove itself in time. Tellingly…nin |
Posted at 27/1/2023 18:42 by topvest A 34% increase in a well covered dividend. Nice! |
Posted at 23/4/2021 04:42 by 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! |
Posted at 05/12/2020 09:50 by 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 |
Posted at 09/11/2020 14:37 by 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. |
Posted at 03/8/2020 22:01 by 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! |
Posted at 18/2/2015 16:35 by envirovision Charges at .85% seem fair, dividend is poor though. Much prefer SDV, thks for thread though. |
Posted at 07/2/2015 16:31 by 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? |
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