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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Abrdn Smaller Companies Income Trust Plc | ASCI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 238.00 | 00:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 238.00 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 02/3/2023 12:03 by davebowler Shares in abrdn Smaller Cos surged 17% to 288.00p each in London on Monday morning, while daily pricing figures on its website estimated NAV per share including income to be 303.50p.The Edinburgh-based investor focusing on UK small-cap stocks said its have shares have continued to trade at "a material discount to their NAV for a prolonged period of time". "This, coupled with the company being of a small scale, has created challenges in generating improved liquidity in the company's shares and will also restrict the company's ability to grow over time," the company's board said in a statement yesterday. The company stressed it still believed it remained in a position to generate returns for shareholders. The strategic review will include considering combining its assets with another investment trust, potentially alongside a cash exit. Investors will hear about the board's plans in due course, it said. An investment trust is said to be trading at a discount when its shares trade below the value of its investment holdings, which could in certain circumstances be seen as bargain territory. When the opposite occurs, it trades at a premium, making the trust expensive. In certain circumstances, a prolonged discount can be a sign of difficulty, and may be offputting to buyers looking to incorporate investment trusts into their wider portfolios. By Greg Rosenvinge, Alliance News reporter, with additional commentary from Ollie Smith, UK editor, Morningstar |
Posted at 25/7/2022 11:10 by mozy123 Its a tiny IT, so there is not much liquidity / high daily volumes hence high spread.Its probably one of those funds that should be liquidated and converted the investors to a OEIC. |
Posted at 22/9/2018 11:42 by topvest I'm sorry but that's definitely not the case. SLA have been a great supporter of investment trusts over the years, and that continues to be the case. With the SLA merger though there is bound to be some level of rationalisation of the two sides and their investment trust holdings. SLA have had a bad time of late, but when the technology disruption bubble bursts (as it will have to) SLA as a value investor will start out-performing again. |
Posted at 26/8/2018 16:59 by topvest Yes, but Aberdeen StandardLife use a value (rather than pure growth) investment approach. I am not saying they don’t buy growth companies as well, but they are not in the same category as Baillie Gifford who are pretty much growth (irrespective of price) investors. Over the last 5 years those investment managers taking an approach more like Baillie Gifford have out performed. Anyone holding Amazon and the FANGS are “growth” investors. Fevertree and ASOS if you are talking UK only. |
Posted at 12/3/2017 12:19 by my retirement fund I see there are major concerns over this merger as it already triggering the departure of key fund managers.Investors are being told to avoid these funds altogether since many more of their funds are likely ti be left in limbo as more managers leave.When I was a full time investor five years ago or so, Standard Life were one of the worst offenders for investor wealth destruction. They would always without fail be the ones at the top of the chain throwing money at overpriced pie in the sky IPOs or dumping holdings in long standing companies at the cusp of a turnaround.I doubt anything has changed since. I always used to pitty those who had SL managing their pension, annuities or endowments and life policies. |
Posted at 15/12/2016 15:56 by my retirement fund Best quotes available to the retail investors here 198.44p to sell, 205.00p to buy, so even a modest purchase for a retail investors of say 1000 shares is going to wipe him out by more than £65 and that's before their brokers commission and government stamp duty.Spread of 6.56pence is bloody disgusting - people should complain to the FSA imo ! |
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