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ASL Aberforth Smaller Companies Trust Plc

1,344.00
-4.00 (-0.30%)
Last Updated: 09:17:16
Delayed by 15 minutes
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
  -4.00 -0.30% 1,344.00 1,344.00 1,352.00 1,344.00 1,344.00 1,344.00 16,494 09:17:16
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end 114.95M 103.34M 1.2246 11.01 1.14B
Aberforth Smaller Companies Trust Plc is listed in the Mgmt Invt Offices, Open-end sector of the London Stock Exchange with ticker ASL. The last closing price for Aberforth Smaller Compan... was 1,348p. Over the last year, Aberforth Smaller Compan... shares have traded in a share price range of 1,126.00p to 1,384.00p.

Aberforth Smaller Compan... currently has 84,384,605 shares in issue. The market capitalisation of Aberforth Smaller Compan... is £1.14 billion. Aberforth Smaller Compan... has a price to earnings ratio (PE ratio) of 11.01.

Aberforth Smaller Compan... Share Discussion Threads

Showing 1 to 11 of 75 messages
Chat Pages: 3  2  1
DateSubjectAuthorDiscuss
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
14/8/2013
10:41
Decided to unload a further 25% of my holding in this (narrowing discount) fund. A little bit of cash to face the future with - or reinvest if there's a significant dip.
gorse
09/8/2013
11:31
Westhouse;
Henderson Smaller Companies (HSL.L, -15.0%, Buy)
– Strong performance credentials
continue to be ignored on this trust with the disco
unt now double that found on
Aberforth
Smaller Cos (ASL.L, -7.2%, Sell)
. This comes despite HSL adding slightly more on a
NAV TR
basis over the last 6-12 months.

davebowler
08/4/2013
14:42
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.

ryandj2222
22/2/2012
22:26
NT, you just have to look at the FT Aim index, georgeous graph
cambium
22/2/2012
22:20
I did wonder why it was so quiet on here
cambium
22/2/2012
22:15
This has been steadily ticking up with not a single comment. E2V up another 5% today with this fund holding a big chunk, Barretts too (+7.8% today) as well as a lot of others in my watchlist!

Rank Company Weight
1 RPC Group 3.9%
2 e2v technologies 3.1%
3 JD Sports Fashion 2.8%
4 CSR 2.8%
5 RPS Group 2.7%
6 Bodycote 2.6%
7 Galliford Try 2.5%
8 Anite 2.3%
9 Mecom Group 2.3%
10 Collins Stewart Hawkpoint 2.2%
11 Phoenix IT Group 1.9%
12 Spirit Pub Company 1.9%
13 Low & Bonar 1.9%
14 AZ Electronic Materials 1.8%
15 Tullett Prebon 1.8%
16 Micro Focus International 1.8%
17 Regus 1.7%
18 Brewin Dolphin Holdings 1.7%
19 Optos 1.6%
20 National Express Group 1.5%
21 Morgan Crucible Co 1.5%
22 Beazley 1.5%
23 Yule Catto & Co 1.4%
24 Howden Joinery Group 1.4%
25 Huntsworth 1.4%
26 Greggs 1.4%
27 Barratt Developments 1.3%
28 St. Modwen Properties 1.3%
29 Vectura Group 1.3%
30 Debenhams 1.2%
31 Microgen 1.2%
32 Moneysupermarket.com Group 1.2%
33 Castings 1.2%
34 KCOM Group 1.2%
35 Halfords Group 1.2%
36 Lavendon Group 1.2%
37 Headlam Group 1.2%
38 UMECO 1.2%
39 Redrow 1.2%
40 GlobeOp Financial Services 1.1%
41 Northgate 1.1%
42 JKX Oil & Gas 1.1%
43 Hansard Global 1.1%
44 Unite Group 1.0%
45 Safestore Holdings 1.0%
46 Hansteen Holdings 1.0%
47 Laird 1.0%
48 Anglo Pacific Group 0.9%
49 Cranswick 0.9%
50 4imprint Group 0.9%
plus others and still a little way of NAV!

I bought in before it reached £6.00 with nice steady climb since. DYOR.

naked trader
31/3/2009
09:06
Article in the investors Chronicle 27.3.09 page 48 -Algy Hall:-
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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.
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If you look at one of the best Investment Trust look at the chart for 2009.
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washbrook
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