Abrdn Smaller Companies ... Share Discussion Threads

[davebowler] 24/7/2018 10:25

20 Jul NAV Aberdeen Smaller Cos Income Trust Including Income 343.70p with Debt at Fair Value

[riverman77] 21/6/2018 10:24

ASCI is even smaller than DNDL so arguably an even better candidate for a merger, and on a 16% discount. A good fund too so definitely worth a look

[spectoacc] 21/6/2018 10:13

Interesting to see the effect on DNDL share price for the mooted merger with SLS.

Just sayin'...

[davebowler] 21/6/2018 08:47

19 Jun NAV Aberdeen Smaller Cos Income Trust
Plc with Debt at Fair Value Including Income 346.07p

[davebowler] 24/4/2018 11:38

20 Apr NAV Aberdeen Smaller Cos Income Trust Undiluted Including Income 340.41p

[my retirement fund] 09/3/2018 14:52

Looks like at least 4% of its fixed income has been vandalised by Avivas dodgy press release regarding the preference shares. This may be reflected in the NAV ?

[davebowler] 15/1/2018 15:16

ASCI down, DNDL up.

[8w] 19/12/2017 16:35

John Baron recommendation

[davebowler] 19/12/2017 13:11

..and DNDL has just started taking off for some reason.

[davebowler] 18/12/2017 16:14

DNDL seems cheaper,with a similar portfolio.

[spectoacc] 25/11/2017 07:29

Agreed, particularly when it's not really smallcap, and compared to eg SHRS. Still a happy holder here.

[deadly] 24/11/2017 23:52

NAV performance has been brilliant this last year; strange that it's still at a big discount.

[davebowler] 24/11/2017 10:00

Extract -Other smaller companies trusts with high Z-scores are: Henderson Smaller Companies (LON:HSL), Aberdeen Smaller Companies Income (LON:ASCI), and BlackRock Smaller Companies (LON:BRSC).

Z-scores can be a useful starting point, but they do not tell you how the trust will perform in the future, so it’s always important to look carefully at the fundamentals so that you can make an informed decision.

Each investment trust’s Z-score is published on the Morningstar website and you may also come across them in the financial press. If you decide to use them please be aware that they often change quickly as the discounts can widen or tighten dramatically over the course of a single day.

[davebowler] 18/10/2017 14:37

17 Oct NAV Aberdeen Smaller Cos Income Trust Undiluted Including Income 327.82p

[davebowler] 12/10/2017 10:01

10 Oct Aberdeen Smaller Cos Income Trust NAV Including Income 325.06p

[spectoacc] 03/10/2017 14:42

Discount could still come in a long way IMO. Happy holder here.

[davebowler] 03/10/2017 13:23

2 Oct NAV Aberdeen Smaller Cos Income Trust Including Income 321.93p

[davebowler] 19/9/2017 09:10

15 Sep NAV Aberdeen Smaller Cos Income Trust Plc Undiluted Including Income 315.10p

[caradog] 13/9/2017 08:41

@SpectoAcc, point taken. At least the Danish investment is in a growth company - growths on the lips, tongue, larynx and lungs!

[spectoacc] 13/9/2017 08:25

@Caradog - if you search my posts on here going back the past few years, I've made much the same point re market cap. Likewise, if you look at eg ASCI's top ten, there's nothing in there I'd personally regard as "smaller". Many are billions or multi-billions.

Granted, some have grown there from when first purchased. But overall, this is only "..Smaller co's..." in the sense they don't hold BP, Shell, HSBA & Vodafone!

On the plus side - smaller co trusts tend to trade at discounts due to liquidity of the underlying holdings. ASCI shouldn't, which makes it unusually cheap IMO.

[caradog] 13/9/2017 08:05

The tobacco company is Danish. Although the performance of the trust has been excellent, I am dismayed that it is investing in tobacco. Quite apart from my ethical objections, it is clearly against the ethos of a UK smaller companies trust to be investing in foreign companies capitalised at 1.3 billion GBP.

If I am investing in a Japanese smaller company trust, I do not expect it to invest in large Irish dairy companies. How can I structure my portfolio when trusts stray from their stated sectors and investment policies?

[riverman77] 13/9/2017 07:31

Agree this looks a real bargain. Strong performance and a decent yield too. Today's interim makes for good reading too, some of the new positions look promising and should enhance the yield of the fund (eg a few reits and a high yielding Swedish cigar company amongst others)

[spectoacc] 12/9/2017 11:51

I sold my SHRS too soon, 20p ago, days before the rise, but I can certainly see ASCI's discount narrowing - it's not a smallcap IT really.

[davebowler] 12/9/2017 11:23

I've just sold some of my SHRS to buy more of these as they are at such a discount to NAV

[spectoacc] 05/9/2017 14:42

Having seen the tear SHRS has been on, getting pretty close to NAV from a large discount, I'm wondering if ASCI is due to come in a bit (or a lot).

Also wondering if some of it is cross-selling after the SL/ADN merger, but might be p*ssing in the wind.