 Fund Profile
abrdn Equity Income
27 January 2025
"Strong stock selection and a pickup in M&A activity has driven AEI’s outperformance over 12 months…
Overview
Thomas Moore, manager of abrdn Equity Income (AEI), employs an index-agnostic approach to investing in UK equities, aiming to deliver above-average and growing income to investors, alongside capital growth. His strategy centres on stock selection, targeting companies based on their individual merits and alignment with the trust’s objectives, rather than their weighting in an index. This flexible approach enables him to uncover value across the market, including opportunities in areas often overlooked by traditional equity income strategies.
Over the past year, Thomas has capitalised on market volatility by making a number of adjustments to the Portfolio on valuation grounds. This included investing in well-established, high-yielding large-cap names such as M&G and Imperial Brands, whilst also identifying compelling prospects in the small- and mid-cap space, adding Petershill and Galliford Try, which offer attractive yields and greater growth potential, to the portfolio."
Continued |
!YOUTUBEVIDEO:BPbnvJT5KkM:
Watch Thomas Moore, Fund Manager of abrdn Equity Income Trust plc (AEI) give a presentation where he discusses performance updates and future strategies of AEI. The presentation along with a Q&A can be watched here: |
ShareSoc Webinar with abrdn Equity Income Trust (#AEI) 25/9/24 5pm. Thomas Moore (Fund Manager) will present an overview of the company and give an update on current performance and future plans. Register: |
ABRDN EQUITY INCOME TRUST PLC
Legal Entity Identifier (LEI): 21380015XPT7BZISSQ74
20 August 2024
Declaration of Third Interim Dividend
The Board announces that the third interim dividend for the year ending 30 September 2024 of 5.7 pence per Ordinary share will be payable to shareholders on 27 September 2024. The dividend is payable to shareholders on the register on 30 August 2024 (ex-dividend date 29 August 2024).
The Board continues to expect that the total dividend for the year ending 30 September 2024 will be at least 22.9 pence per share. |
Very odd!
I'm not seeing any tables on the AEI website, but they are present on ADVFN; |
Anybody else finding just commentary text and no tables of numbers in the interim results? |
Sizeable discount opening up again |
Large holding in DSSmith given this a boost Still well below NAV |
I wonder might they merge Shires with AEI..?. |
Not much liquidity as a very small trust I've been nibbling a few but not quite sure how he gets the yield ( plus costs) from the portfolio Some must be coming from capital |
I managed to get some at 260p last week and just tried to double up, but nothing available. |
Bought on a 11% discount and 8.5% yield |
Sizeable discount opening up now |
278.00 - 281.00 (GBX) at 12:48:25
on Market (LSE) |
Plenty of Aberdeen trusts in wind down or mergers. Not long before this one gets shuffled into another UK equity income trust. |
When are they going to announce the first quarter dividend? Last year they announced the first quarter dividend at the beginning of February |
Updated version:
hxxps://www.trustintelligence.co.uk/investor/articles/fund-research-investor-abrdn-equity-income-retail-dec-2023 |
Detailed broker research into AEI here:
hxxps://www.trustintelligence.co.uk/investor/articles/fund-research-investor-abrdn-equity-income-retail-feb-2023#summary |
Discount almost disappeared |
This has had an excellent run ever since I put it on my watch list !! |
Excellent dividend .. |
I actually quite like the portfolio here. Oil, mining and financials (though I haven't seen the most up to date top ten). But it's performance has been terrible over the last 1, 3, 5 years. 7 years +0.4 % . What is the story here? Has anyone been invested that long? I fully understand the high dividend is attractive and something we are all probably looking for with this being a dividend hero. But that's some poor performance. |
good yield , big discount, good portfolio , bought in today |
TT.. Yes disappointing, but AEI is stuffed full of oilers and miners,some of which have dropped 15+ percent in the past month.Adding to the underperformance, the discount to NAV has widened from about 3 percent to about 9.5 percent over the past month. Good divi though. |
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