Abrdn Smaller Companies ... Share Discussion Threads

[kev0856153] 27/3/2020 12:51

Well the Net asset value is up another 7p. Just announced.
I dont think the nav is in question. You can check the holdings easy enough hxxps://online.hl.co.uk/my-accounts/security_details?sedol=0806372

Its a risky strategy to be out the markets just now. I'm not saying be gung ho but you may never see opportunities like this again.

[essentialinvestor] 27/3/2020 11:59

Kev, would agree with your longer term view.

Just wonder if the NAV discount is flattering to deceive atm?.

Another downdraft for markets may see their NAV fall quickly?.

[spectoacc] 27/3/2020 07:01

Always worth checking historical discounts.

[kev0856153] 26/3/2020 21:36

The discount to Net Asset Value is 27% which looks very high to me so I've bought in today at 189p. Good yield too and 60%-70% upside as markets recover. Just sit back, relax and watch a steady rise .

[davebowler] 17/1/2020 17:00

16 Jan NAV Aberdeen Smaller Cos Income Trust Including Inc 375.15p
with Debt at Fair Value

[davebowler] 19/12/2019 10:03

NAV 17 Dec Aberdeen Smaller Cos Income Trust Including Inc 365.57p
with Debt at Fair Value

[davebowler] 17/12/2019 08:50

13 Dec NAV Aberdeen Smaller Cos Income Trust Including 359.34p Ordinary
Plc with Debt at Fair Value

[davebowler] 02/12/2019 13:17

Aberdeen Smaller Cos Income Trust Plc 28 Nov
NAV with Debt at Fair Value Including Income 350.06p

[davebowler] 26/11/2019 10:38

NAV 22 Nov Aberdeen Smaller Cos Income Trust Plc Including Income 338.68p
with Debt at Fair Value

[davebowler] 22/11/2019 12:30

20 Nov NAV Aberdeen Smaller Cos Income Trust Including income 336.18p
with Debt at Fair Value

[davebowler] 18/11/2019 17:27

NAV 15 Nov Aberdeen Smaller Cos Income Trust Including Income 335.09p
with Debt at Fair Value

[davebowler] 13/11/2019 09:59

NAV 11 Nov Aberdeen Smaller Cos Income Trust
with Debt at Fair Value Including Income 332.88p

[davebowler] 26/9/2019 14:41

HTtps://trustintelligence.co.uk/articles/aberdeen-smaller-companies-income-sep-2019

[davebowler] 07/6/2019 17:21

6/6 19 NAV Aberdeen Smaller Cos Income Trust Including income
with Debt at Fair Value 333.43p

[davebowler] 02/5/2019 11:55

Kepler commentary May;
In the case of Aberdeen Smaller Companies Income, we continue to believe that the
change in management last year could lead to a re-rating. Since September 2018, the trust
has been run by Abby Glennie, one of the two UK small cap managers in the Standard Life
Smaller Companies team, which has an outstanding track record of generating strong total
returns with a quality growth style. Abby works alongside Harry Nimmo, whose Standard Life
Smaller Companies Trust trades on an 8% discount, but has frequently traded on a premium
when UK small caps are more in favour. ASCI’s process has moved toward alignment with
Harry’s, with the only differences coming from the income skew of the mandate.

[davebowler] 01/5/2019 09:24

29 Apr
NAV Aberdeen Smaller Cos Income Trust
Plc with Debt at Fair Value Including Income 332.93p

[essentialinvestor] 14/12/2018 14:38

One of the reasons I became cautious was the punchy rating on some
of their top holdings, as mentioned a couple of months ago.

And you can see now what is happening, with some really sharp % declines on
Victrex,Dechra and XP Power.
It may be wise to reduce some of these higher PE
stocks which appear at the top of their historical multiple range.

[essentialinvestor] 14/12/2018 14:14

Current NAV discount is around 16%, it's been 22-24% previously.

We could dip below £2.20 with ease, unless markets recover, just imv.

[spectoacc] 14/12/2018 10:57

AVV - £3.9bn
VCT - £1.9bn
DCH - £2.1bn
AGR - £1.2bn

That's the top 4 holdings, making up c.15% of the fund. They may well fall under "mid cap" for FTSE definitions (AVV may be pushing even that), but not sure they do for me (and Small they are not).
It's strange when ASCI has just £70m of assets that they feel obliged to move that far up the market cap spectrum.

Still - I've been making the same point for about 5 years so ASCI aren't likely to change :)

I reckon c.25% discount again would interest me.

[essentialinvestor] 14/12/2018 10:39

It's more mid cap range, and would also expect the discount to
widen.