Abrdn Smaller Companies ... Share Discussion Threads

[essentialinvestor] 12/4/2017 12:15

CSN has been a stormer for ASCI.

Regret selling CSN and almost timed buying back in nicely,
hesitated and it has cost me dearly. Nearly is as good as never!.

Taking a complete break from trading anything until I'm more confident
where markets are going from here.

[spectoacc] 12/4/2017 12:06

Also, ASCI a long way from a small company fund - eg top 5: XPP £474m, Dechra £1.52bn, CSN £582m, ELM £1.32bn, BBA £3.18bn. And nearly 10% of the fund in convertibles & prefs.

[essentialinvestor] 12/4/2017 11:58

Yes was going to qualify that very point as it happens.

A smaller company fund perhaps not the best place for choppy markets,
however SHRS has been strong recently, my average sell price on Shires was
just under 2.44, so allocating some of capital to ASCI, given the discount,
may provides some safety. 2.11 my recent average buy price.
Might work out very differently in practice!.

Would hope the Manger top slices several positions near these levels,
Jonathan strikes me as a cautious type so hopefully will be the case.

[spectoacc] 12/4/2017 11:43

ASCI going to be choppier than SHRS tho, if you think market due a correction. Though discount on ASCI hard to ignore.

[wskill] 12/4/2017 11:16

Shifted a few out of SHRS today as ASCI is one of their biggest holdings anyway and the discount here is close to 30% compared to 12% at SHRS income growth has also been much higher with ASCI.

[spectoacc] 11/4/2017 15:25

XPP also their largest holding, though today's rise will be worth less than 1p onto NAV.

[spectoacc] 11/4/2017 14:41

Discount must be as wide as it's been for a while, though probably reflecting nervousness at giddy market.

[essentialinvestor] 11/4/2017 11:52

That may be another new high on NAV.

On any market dip would be tempted to add further.

[essentialinvestor] 06/4/2017 11:22

Added this AM.

[essentialinvestor] 04/4/2017 07:15

Added 20. Using up some of my SHRS sales money.

[essentialinvestor] 28/3/2017 15:34

Added this AM.

[my retirement fund] 28/3/2017 08:42

Great performance here in the shareprice. When I get a spare moment I was thinking of writing to the company to suggest the trust managers are given an extra bonus for their performance, but then I gather the already have been given a bigone and they will be in line for an almighty whopper when the merger is done.

[nimbo1] 21/3/2017 16:01

Me too. the only way I have found to outperform the market with some use of capital is to buy investment trusts in the troughs.

All I am saying is I can't see it will be allowed to go on indefinitely because it is obvious discount mechanisms help the share price - which is what the board's of these trusts are meant to be doing!

[spectoacc] 21/3/2017 15:10

I love that there's no "downside protection" as I've regularly been able to buy in cheaply.

Also think people forget with ASCI that their divi is chunkier than most - so the performance from the charts (rather than from performance tables) looks less good than it really is.

[nimbo1] 21/3/2017 15:03

Yep Nav at all time highs and share price tracking lower.

Same on BRSC. RIII looking steady because they have a buy back in place and interesting to see HOT's performance after they announced a buyback policy.

All these investment trusts are mad not to have some sort of NAV downside protection in place and at some point I suspect all of them will have.

[essentialinvestor] 20/3/2017 20:04

A nice sell off nearing A50 being invoked may present an opportunity,
may not happen, lets see.

Recent NAV performance looks more than OK to me.

Hoping we may have some wider equity weakness shortly.

[caradog] 20/3/2017 19:51

On Trustnet, ASCI appears as sixth out of 20 mixed asset trusts with 18.9% NAV 1 year return. That puts it ahead of Capital Gearing, Ruffer, Henderson High Income,and CMHYT. All these trusts trade at a premium while ASCI trades at a 20% discount.

Where do you get your facts from, MRF?

[my retirement fund] 20/3/2017 17:06

Aberdeen smaller companies mugs and losers trust.

[my retirement fund] 20/3/2017 17:04

Superb wealth destruction here. Just give them a quid and they'll struggle to pass it on for more than 75 pence

[essentialinvestor] 16/3/2017 10:55

Another high ).

[essentialinvestor] 13/3/2017 18:29

Another NAV high.

[nimbo1] 13/3/2017 09:34

Standard life smaller companies has done a pretty good job on the wealth creation side.

[spectoacc] 12/3/2017 13:54

Good job investment trusts have independent boards then.

[my retirement fund] 12/3/2017 12:19

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.

[nimbo1] 07/3/2017 09:29

I think you could both be right - but saying that I imagine it will take some time. At least we can collect the divi at a large nav discount while we hope for something to happen