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Share Name Share Symbol Market Type Share ISIN Share Description
Aberforth Smaller Companies Trust Plc LSE:ASL London Ordinary Share GB0000066554 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.0% 910.00 907.00 913.00 - 0.00 00:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 42.5 38.1 42.3 21.5 815

Aberforth Smaller Compan... Share Discussion Threads

Showing 26 to 47 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
12/10/2020
11:31
I've held on here too rather than crystallise loss Management team have very large holdings which has also been a factor - at least they share the pain !Stock selection has been poor though, a positive out come to Brexit negotiations should help GLA
panshanger1
04/8/2020
07:32
Mw8156, I have started buying shares here. The reasons? I think that value investing will start outperforming the growth style from now on. Small uk companies shares and value shares have been hammered recently. I was looking for an investment trust which has a good long term record, invests in small uk value shares and is currently at a bigger than normal discount. Aberforth smaller companies fits the bill precisely. As a bonus, liquidity here is pretty good and the bid/offer spread is small.
biggest bill
03/8/2020
22:01
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!
mw8156
03/8/2020
20:31
If you look at the long-term record its very strong. I am keeping the faith. Aberforth have a patient and well tested approach.
topvest
03/8/2020
13:52
so, the chairman gave his email address in the results statement to allow and encourage ordinary shareholders to contact which I did seeking a fuller explanation for their performance beyond 'value investing being out of favour' with the idea that it might be time to consider a change of manager, to divulge the full list of their holdings and give a performance attribution via the rationale for choosing so many losing stocks and detailing their individual contribution to this performance. I await the reply, not holding my breath!
mw8156
29/7/2020
09:09
ghastly statement truly abysmal results.
mw8156
26/2/2019
09:30
See the latest ADVFN twitter poll about Funds: https://twitter.com/advfn/status/1100297573917736961
shiv1986
20/11/2018
14:13
.........................
traderjeff7
02/3/2017
20:40
Yes - excellent support and a strong vote of approval for a well run trust.
topvest
02/3/2017
15:18
I assume the continuation vote was passed successfully given that all resolutions in the AGM were passed?
commiesy
06/2/2017
21:23
A vote "for" continuing as an investment trust or "against" to be wound up. Its at the AGM.
topvest
06/2/2017
18:48
Thanks for the colour, topvest. Could you please explain what a 'continuation vote' is?
commiesy
05/2/2017
14:52
This is an excellent trust in my view. It's nothing like the two micro trusts mentioned in the last post. It's a small-mid cap value trust. Trades at a 20 per cent discount but has been good for a 13-14 per cent / annum return since inception. I prefer to invest in smaller companies than their benchmark in the main, but this company is an excellent way of winning in the small company space over time with an extremely disciplined approach. Continuation vote is being voted on soon, but should get passed in my view. I'm also interested in adding to my holding in the geared income trust that should be rolled over into a new vehicle in the summer. The managers are not interested in growing AUM outside of their core area or even in it, just on achieving the good sort of returns historically delivered. Great investment over the long-term.
topvest
26/2/2015
15:53
Have to say I think this has been an excellent investment trust and happy with my original 3000 shares + warrants bought in Nov 1990 for £3015 now worth £33000.(have many more since the initial investment) I can only thank Brewin Dolphin (Bell Lawrie Edinburgh in those days) for their good advice.I am sure there were even better investments around but I wasn`t told about them and with limited funds you can`t buy them all!
geeff
18/2/2015
22:16
I rather suspect if you had reinvested dividends on both that would most certainly not be true.
envirovision
18/2/2015
20:38
This has performed much much better than SDV over time. Hold both, but without a shadow of a doubt this is much better in my view. SDV is an income stock at the expense of capital growth (certainly over a longer term horizon) whereas this delivers both over time - normally 14/15% per annum total return over a long time horizon. Not bad given Warren Buffet is on 20%.
topvest
18/2/2015
16:35
Charges at .85% seem fair, dividend is poor though. Much prefer SDV, thks for thread though.
envirovision
07/2/2015
16:31
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?
topvest
15/4/2014
07:55
Does anyone know why ASL is dropping??
meblundell
28/3/2014
12:38
I wish I knew?
meblundell
28/3/2014
08:07
Why such a large drop here recently? Have I missed some startling news?
the juggler
09/2/2014
10:59
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.
topvest
Chat Pages: 2  1
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