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ASCI Abrdn Smaller Companies Income Trust Plc

0.00 (0.0%)
Last Updated: 00:00:00
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Abrdn Smaller Companies Income Trust Plc LSE:ASCI London Ordinary Share GB0008063728 ORD 50P
  Price Change % Change Share Price Shares Traded Last Trade
  0.00 0.0% 238.00 0.00 00:00:00
Bid Price Offer Price High Price Low Price Open Price
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end -31M -32.2M -1.4562 -1.63 52.62M
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 238.00 GBX

Abrdn Smaller Companies ... (ASCI) Latest News

Abrdn Smaller Companies ... (ASCI) Discussions and Chat

Abrdn Smaller Companies ... Forums and Chat

Date Time Title Posts
01/12/202310:27Aberdeen Small Companies285
25/1/200706:56ASCII ART15

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Abrdn Smaller Companies ... (ASCI) Most Recent Trades

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Posted at 01/12/2023 08:20 by Abrdn Smaller Companies ... Daily Update
Abrdn Smaller Companies Income Trust Plc is listed in the Mgmt Invt Offices, Open-end sector of the London Stock Exchange with ticker ASCI. The last closing price for Abrdn Smaller Companies ... was 238p.
Abrdn Smaller Companies ... currently has 22,109,765 shares in issue. The market capitalisation of Abrdn Smaller Companies ... is £52,621,241.
Abrdn Smaller Companies ... has a price to earnings ratio (PE ratio) of -1.63.
This morning ASCI shares opened at -
Posted at 01/12/2023 10:27 by pherrom
Scheme of Arrangement

Meeting Dates: 20th November 2023 and 1st December 2023
Record Date: 24th November 2023
Effective Date: 1st December 2023
Offer Price: New shares and/or GBP Cash
Shares Pay Date: 4th December 2023
Cash Pay Date: No later than 15th December 2023
Posted at 27/11/2023 21:28 by dr biotech
Its part of the process...

On 30 October 2023 the Board announced that, subject to the passing of the resolutions at the First General Meeting, a Pre-liquidation Dividend of 14.75p per Ordinary share in respect of the year to 31 December 2023 would be paid to Shareholders (on the register as at close of business on 10 November 2023) on 24 November 2023. This condition has been satisfied.

The Ordinary Shares will be disabled for settlement in CREST from 6:00 p.m. on 24 November 2023 and trading will be suspended from 7.30 a.m. on 27 November 2023. Following the reclassification of the Ordinary Shares on 30 November 2023, the Reclassified Shares will be suspended from listing at 7.30 a.m. on 1 December 2023.

The full text of the ordinary and special resolutions of the First General Meeting are set out in the Notice of First General Meeting, contained in the Company's circular to Shareholders dated 17 October 2023 (the "Circular").
Posted at 09/11/2023 08:50 by citytilidie
Looking at the disastrous share prices performance of both since the merger was announced, it would appear to me that Aberdeen now realise that they may have made a dreadful mistake. If they thought that the 2 funds were too small then they should have simply liquidated them. ASCI shareholders would have received in the region of £2.80 instead of the current price of £2.30, and Shire holders would have received £2.50 instead of the current price of £2.20.
Aberdeen, trying to keep the 2 lots of funds under their own umbrella have ended up costing both lots of shareholders millions of pounds needlessly due to their own ineptitude, and I’m sure institutions holding these companies are not best pleased. I hope they remember this when it comes to the forthcoming vote, and whether to vote for or against it.
Posted at 04/11/2023 15:14 by taylor20
My understanding is if opting for the cash option you will get NAV per share - 1.5%.

So for example based on NAV on 03/11/2023 of £2.5647/share you will get 14.75p dividend (reducing NAV to £2.4172). You will then get a distribution of £2.381 per share.

If going for the SHRS share option you will get the divi of 14.75p then £2.4172 used to buy SHRS shares based on 1.008 * NAV, again based on most recent NAV of £2.3919 price per share will be £2.411.

So if you hold 1000 shares:

You would receive £147.50 dividend.
Cash option would receive: £2380.94
Share Option would receive (2417.20 / 2.411) 1002 SHRS shares, currently worth £2195.60

Obviously discount to NAV may change between now and the offer completing, but does not seem to be worth doing the share option, or maybe I'm missing something!
Posted at 04/11/2023 10:58 by beaverfish
hi,can anybody help?if i take the cash offer will it be the nav value or will it be the share price value approx ? or will it be nav/share value minus the dividend 14.75p ???
Or if I elect to do nothing,will my 5800 shares roll over into "Shires"and still be
worth approx what they are now
thanks in advance
Posted at 21/7/2023 12:33 by essentialinvestor
IF the outcome of the strategic review is for ASCI to continue (in it's current
form_ we may be looking at a NAV discount moving to 20-25% type range?.

That would be the ugly outcome. Trust wind up near NAV gives 13-14% upside,
all else being equal.
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 13/2/2023 11:53 by dlp6666
Is it still worth 'taking a punt' on ASCI, given that the discount seems to have come in by c.13% this morning (so perhaps only a 6% uplift to NAV available on wind-up)?

Or better to wait until things presumably 'settle back down' (the strategic review may be prolonged and not be so advantageous)?
Posted at 06/10/2022 15:06 by essentialinvestor
That's my point, the reverse is the case in a bear market.

I can buy IPU on a 15% discount, with a lot more liquidity than ASCI.

ASCI NAV discount needs to be around 17% plus for me to add here.
Posted at 22/7/2022 14:38 by orinocor
Atlantis Japan Growth (AJG) is also worth checking out to complement asci. I got some at 170p today. It's at a low share price level historically and is on a 17% discount to nav and a yield of 5.5%
Abrdn Smaller Companies ... share price data is direct from the London Stock Exchange

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