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ASIT Aberforth Split Level Income Trust Plc

75.00
1.40 (1.90%)
18 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Aberforth Split Level Income Trust Plc LSE:ASIT London Ordinary Share GB00BYPBD394 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  1.40 1.90% 75.00 72.60 74.80 75.00 75.00 75.00 183,976 16:35:27
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Trust,ex Ed,religious,charty 21.07M 16.87M 0.0887 8.46 142.69M
Aberforth Split Level Income Trust Plc is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker ASIT. The last closing price for Aberforth Split Level In... was 73.60p. Over the last year, Aberforth Split Level In... shares have traded in a share price range of 62.00p to 77.00p.

Aberforth Split Level In... currently has 190,250,000 shares in issue. The market capitalisation of Aberforth Split Level In... is £142.69 million. Aberforth Split Level In... has a price to earnings ratio (PE ratio) of 8.46.

Aberforth Split Level In... Share Discussion Threads

Showing 26 to 49 of 50 messages
Chat Pages: 2  1
DateSubjectAuthorDiscuss
29/1/2024
18:46
A continuation leveraged vehicle or cash announced today. I will probably roll-over / sell and put into the unleveraged trust. 7 years ago the minimum size was £100m. I suspect they might get that, but probably not much more. Aberforth managers are keen to roll-over and put more cash in though.
topvest
26/1/2024
09:58
Hunt
I guess we will be offered Aberforth Smaller Companies trust ASL shares or a cash alternative after disposal costs.

olliemagern
23/1/2024
11:21
Hi has anyone any ideas what the board may propose
hunt76
29/9/2023
08:51
27 Sep NAV Ordinary Share (including current year revenue) = 74.17p
davebowler
10/8/2023
08:57
Ex dividend today.
Todays 3.3p dividend gives 5p for the year, indicates the assets are of good quality and robust.

olliemagern
02/8/2023
15:52
Final results today. As the Board say the 6 year life of this trust has had to contend with Brexit, the pandemic, Russian invasian of Ukraine and high inflation...not much of a tailwind for a leveraged trust. I would like the opportunity to roll-over into another vehicle, or failing that ASL. The investment approach still works well long-term.

"That planned life ends on 1 July 2024, on which date or in the three months prior, the Board is obliged by the Company’s Articles to convene a general meeting to propose that the Company be wound up. The spectre of recession and the general apathy towards UK assets mean that the upside in ASLIT’s portfolio is unlikely to be fully realised by 1 July 2024. Therefore, before then, the Board intends to examine means whereby holders of both classes of Share will be given the opportunity to continue their investment in some form, alongside the option to realise their investment in cash."

topvest
27/4/2023
11:58
olliemagern Like your analysis just picked up 1800 at 70.9p.
2wild
12/4/2023
11:00
I have bought ASIT at 71p, with 15 months left.
If wind up net assets are 74p plus around 7.8p dividends, total net return should be 14%.

Plus or minus FTSE mid and small movement and 1.4 times gearing. If market falls 10% only breakeven, if market rises 10% make 28%. Looks a win/win.

Continuation vehicle, could be merged into Aberforth Smaller Companies trust ASL. With some Zeros issued cheaper than current bank borrowing.

olliemagern
29/7/2022
11:38
They have been a tad unlucky with this geared vehicle. I have just purchased a few more and I am hoping they have a continuation vehicle in 2 years time as promised. Their strategy is normally good for 10% per annum, so could be some stellar returns from where we are now at some point. May not be within 2 years, but 5 years+ I am very confident in Aberforth.
topvest
26/12/2021
15:56
NAV up 30% during 2021 from 70.67p to 91.78p.

Closed for xmas at 80p, 12.9% discount to nav.

2wild
07/10/2021
12:31
Added at 79.74p, 14% discount to latest NAV 92.67p and below mid price, with spread showing 79-82.6p at the time.
2wild
02/10/2021
12:02
NAV up 35.4% in 9 months to 30th September from 70.67p to 95.72p.

At 81p discount to nav is 15.4%.

2wild
01/9/2021
22:31
NAV up 43% in 8 months from 70.67p to 101.17p.

Currently on a 14% discount to nav. I expect this to Narrow over next few months as some money is moved across from AIF.

Including dividends total nav return so far in 21 is 46.17%.

2wild
04/8/2021
12:42
NAV up 41% so far in 2021 to 100.26p.
Currently on a 13% discount to nav.

Ex 2.13p div tomorrow.

2wild
28/7/2021
20:42
For what it's worth I really like the Aberforth investment approach and rigour. I prefer the unlevered trust, but have both as a core holding. Their investment approach is well proven and good for >10% per annum long-term in my view. It's particularly good for me as I wouldn't invest directly in a lot of their holdings. It's been off trend for a few years now, but it will do well on a relative basis long-term and after the growth bubble bursts.
topvest
28/7/2021
09:20
NAV up 39.3% to 98.46p so far in 2021.

Added this morning at 84.99p, a 13.6% discount to nav.

2wild
24/5/2021
09:36
NAV up 34% so far in 2021 from 70.67p to 94.77p.
Can currently buy at 88.4p, a 6.7% discount to nav

2wild
07/5/2021
09:08
NAV up 19.8% to 94.22p in 2 months.
Added this morning at 82.4p, a 12.5% discount to nav.

2wild
16/4/2021
15:26
Just bought £5K, made a nice 20% on SDV, which isn't at a discount anymore, not sure how long to hold on for..
captain stock
16/4/2021
07:53
NAV 31.12.20 to 14.04.2021
Up 28.9% to 91.11p.
Added at 79.76p this morning, 12.4% discout to NAV.

2wild
12/4/2021
10:33
NAV up again to 90.25p.
Got some more this morning at 79.11p, 12.3% discount to NAV. Benefiting from a triple whammy of increasing NAV, gearing and an evaporating discount to NAV. These were trading at a premium some months ago, no reason why that shouldn't happen again.

2wild
10/4/2021
10:26
Big jump today. Not so surprising given the discount and ASL gains - ASIT has lagged and resumption of dividends by uk companies and gearing structure of ASIT should help to narrow discount further
brucek1812
07/4/2021
18:48
NAV 88.1p at 6th April.
Added this morning at 72.91p, a 17.2% discount to nav.

2wild
05/4/2021
07:15
NAV up 20.8% to 85.37p in 3 months to 31 March.
Added at 72p on Thursday, 15.6% discount to nav.

2wild
Chat Pages: 2  1

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