Aberforth Split Level In... Share Discussion Threads

[mackie] 18/7/2024 15:17

Cash arrived this pm.

[mackie] 18/7/2024 11:07

Anyone have any ideas about cash exit offer?

[olliemagern] 28/6/2024 15:03

New EPIC For AGVIT ordinary is AGVI

New epic for AGVIT ZDP is AGZI

[olliemagern] 27/6/2024 12:04

Do the new Aberforth geared value and Income trust shares have the same epic
i.e. ASIT and ASIZ ? When dealings commence in the new shares on Monday.

[hohum1] 28/5/2024 20:10

7% yield on the ZDPs looks quite attractive as long as they are in an ISA or SIPP. Otherwise CGT is a killer

[olliemagern] 06/5/2024 10:43

Details to be published end of May, the 7 year zero's could be a medium term safe haven if they are set at a 4%+ p.a. yield.

[topvest] 29/4/2024 18:37

Looks like the new vehicle is going to be launched on 1 July 2024. Worth backing in my view.

[topvest] 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.

[olliemagern] 26/1/2024 09:58

Hunt
I guess we will be offered Aberforth Smaller Companies trust ASL shares and/or new zero's plus a cash alternative after disposal costs.

[hunt76] 23/1/2024 11:21

Hi has anyone any ideas what the board may propose

[davebowler] 29/9/2023 08:51

27 Sep NAV Ordinary Share (including current year revenue) = 74.17p

[olliemagern] 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.

[topvest] 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."

[2wild] 27/4/2023 11:58

olliemagern Like your analysis just picked up 1800 at 70.9p.

[olliemagern] 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.

[topvest] 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.

[2wild] 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.

[topvest] 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.

[2wild] 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