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Share Name Share Symbol Market Type Share ISIN Share Description
Acorn Income Fund LSE:AIF London Ordinary Share GB0004829437 ORD 1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -1.50p -0.42% 358.00p 352.00p 364.00p 359.50p 358.00p 359.50p 3,173 09:05:54
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 3.8 3.2 20.4 17.6 56.98

Acorn Income Fund Share Discussion Threads

Showing 126 to 150 of 150 messages
Chat Pages: 6  5  4  3  2  1
DateSubjectAuthorDiscuss
29/10/2018
15:58
Warpaint down over 40% today unfortunately that will be another 4/5 pence off the NAV.
whilstev
25/10/2018
15:18
They were punished for the Conviviality stake and generally some disappointing performance from the likes of Clipper and Amino Tech more recently, now the discount to NAV is widening as people have pulled money from small company funds. This could reverse very quickly as and when confidence is restored. I will consider buying more AIF when the market stabilises.
whilstev
25/10/2018
11:58
The AIF loss has been over the last twelve months though and is much worse than other UK Smaller Cos ITs like HSL or BRTH, which is why I sold AIF first. I don't follow bonds at all, so don't know if there are reasons in that area to create worse performance.
stmartin
25/10/2018
11:03
Small companies are more vulnerable in market sell offs.
whilstev
25/10/2018
09:08
This been battered bad , any reasons why..
chc15
11/8/2018
15:42
Carterit and Asmodeus, just to say I entirely endorse what you say about income trusts, dividends and compound interest. Your investments are very similar to mine and for all the same reasons and I similarly prefer investment trusts save for the one exception being Terry Smiths Fundsmith referred to by mad foetus. Whilst I agree that this is rather off the original subject it's interesting to note that Albert Einstein referred to compound interest as the most important mathematical discovery ever!
kimptonplace
11/8/2018
12:00
Yes,he has done well mad foetus. However for me,its a unit as opposed to investment trust,and i prefer investment trusts. One thing i would add,is that its mainly invested in the USA,so has yet to confront a market downturn. He is without doubt exceptional,but just using one of my funds as an example.If you bought 2k shares in HFEL in 2007,they would have cost you about 4.5K (cost 2.25 each) and gave a yield of about 4%. If you held in the intervening period and reinvested the dividends into more of the same shares,with the power of compounding,you would now have approx 3.7K shares,without having to pay out any more money. They now yield 5.7%,and the total divi has risen year on year,even thru the financial crises,and are now 3.65. The share price doesn't seem particularly impressive at about 62% over 11 years,until you realise double the number which are now worth 13500 ie an increase of 200% with divis reinvested,and this is magnified the longer you hold them ,due to the power of compounding ( Compound interest is often called the eighth wonder of the world).
carterit
11/8/2018
10:21
For the purposes of this discussion I would recommend that you watch Terry Smiths presentation at the most recent Fundsmith AGM. Basically, his view is that placing "income" in a fund's name helps it to sell but guarantees underperformance, as companies that pay large dividends are admitting that they are unable to reinvest the money in a way that can grow their business beyond the rate of inflation. And if a business cannot do that, you shouldn't really invest in it. I am paraphrasing, it is worth watching. Fundsmith has gone from £1 to £4+ since launch in Nov 2010
mad foetus
11/8/2018
10:05
That's why I said that those able to do this are laughing. Because I need all my dividends for income, I have not been able to do this. However - in spite of this my capital has grown and with income vastly greater than banks, building socs., etc. P.S. I fear we're getting off topic now...
asmodeus
11/8/2018
08:11
...and of course the best bit with auto reinvestment of dividend income. The compounding effect......."dividend stocks, letting reinvested dividends continue to compound instead of relying solely on capital gains. As dividends continue to accumulate, both on the original shares as well as on the shares acquired from previously reinvested dividends, a snowball effect starts to occur, leading to quickly increasing streams of income. However, dividend growth stocks add yet another level of compounding, as those investing in these stocks benefit from both reinvested dividends and dividend growth. As dividends can be reinvested to purchase new shares, both the original shares and the newly purchased ones all benefit from the higher dividend, leading to a form of "double compounding.",and most of my funds have increased there payouts year on year for a number of years. For example total dividends today for MYI,HFEL,AAIF are now between 100-150% higher than in 2006,and have increased yoy ever since.
carterit
10/8/2018
23:12
Same as asmodeus. I'm currently 62 and intend auto reinvesting for another 2-4 yrs before taking the income. I run mine and my wifes portfolio,and aim to receive a roughly equal divi each month,so have split the funds so that some pay out in months 1,4,7,10,some in 2,5,8,11, and some in 3,6,9,12. We each receive a 4 figure dividend each month,which is auto reinvested. I have invested in growth funds in the past but feel that they have to be watched closer becuase the last 2 crises of 2000 and 2008 showed that there values halved each time and they ended back where they started (as did many markets). With dividen payers i feel you can take your eye off them a bit more. I also found that many of them fell less than market avg of 50%+ eg MYI,AAIF,HFEL all fell approx 30%,and others which fell more eg NCYF,HHI were paying a yield of about 10% at one stage,so that lessens the pain a bit,as you pick up many more shares than you would otherwise. I have seen and expect my portfolio to double approx every 7-8 yrs based on 5% share growth and 5% yld,and am expecting that by the time we take the dividends as income,that income will more than cover our needs,and hopefully means that we won't need to break into the shares at all,and thus have something to leave our children and grandchildren (well thats the plan anyway)
carterit
10/8/2018
16:04
asmodeeus Thank you for your explanation which has clarified things for me.
stmartin
10/8/2018
15:28
If you rely on your share portfolio for income, as I do, dividends are a priority, if only for peace of mind. I was once persuaded to ignore dividend-payers and go just for capital growth. The market collapsed, and so I had to start selling at losses to pay the bills - not an experience I ever wanted to repeat. And of course those who don't need the income and can reinvest the divs. as well as having capital growth are laughing, as they say.
asmodeus
10/8/2018
10:15
carterit Perhaps you can answer a question that has always puzzled me. Why is the level of dividend , for some people, a reason to buy ? I've always looked at total return and sold if I have needed money at a certain time ( not on a regular basis ). It always bothered me that EAT would pay its high dividend out of capital if necessary, although the reason I sold it was significant decline in performance ( same as why I sold AIF last week ) Is there a tax advantage, is it simply less hassle to receive cash regularly without puzzling about timing your purchase or something else ?
stmartin
10/8/2018
10:04
Caterit - I have a portfolio remarkably similar to yours, (i.e. dividend-payers), and my philosophy is to believe (and hope) that even if cap. values fall, dividends will still be payable - if reduced - and I can still pay the bills. In the past I have been prudent (panicked) and sold, only to miss the bottom and be filled with regrets on the recovery.
asmodeus
10/8/2018
08:13
Carterit - like you, I have sold out of most growth-focused ITs and retained the dividend payers. I haven’t yet reinvested and am about 60% cash at present. The geopolitical nightmare seems likely to continue for a while yet, and to get worse before it gets better. I don’t see any market as a safe haven from Trumpism, including Europe, e.g. Erdogan locks up preacher, Pence insists on sanctions, Lira falls, Turkish companies default on loans, European banks suffer, etc etc. Brexit, Iran, China, Russia add to the volatile mix.
caradog
09/8/2018
21:51
Yep,was in that one until earlier this year but div is half that of SDV/AIF,also EAT in european smaller companies,so didn't meet my criteria,and as i've probably looking at taking the dividends rather than re-investing in another 2/3 years,i've been gradually repositioning to the higher dividend payers. As well as the 2 mentioned ones,i have BBOX,FCRE,MXF in property type funds,AAIF,HFEL,MYI in asian/global income/growth BRCI ,BRWM in commodities,EDIN,MRCH,HHI in uk based funds,HGT,FPEO for private equity,EGL,HICL in UK/EU/Global infrastruture,IPE,NCYF in financials BSIF,TRIG in renewables/environment
carterit
09/8/2018
19:46
If you particularly like this sector, maybe you should look at Aberdeen Smaller Companies Income IT which is on a 13% discount and has soundly beaten AIF on performance on all periods up to 5 years - didn't look up dividend.
stmartin
09/8/2018
18:27
....and if previous falls over the last 4 years are anything to go by,they can reach 15-24% or so,of which we have had half a dozen during this period.I wouldn't have a problem adding at current prices or lower,obviously while keeping an eye on the NAV (buts that why we buy managed funds),and thats why i buy investment rather than unit trusts (so i can buy at a discount in unfavourable times). I remember buying several property funds in early / mid 2009,and getting back into a couple of commodity funds from the end of 2015 onwards.
carterit
09/8/2018
18:01
Same here ,long term holder since 2011. Provided NAV remains stable and dividends are above 4% (currently about 4.7% on expected payouts this year),then i am happy to hold. Have approx 20 funds in various sectors/countries,averaging approx 5% dividends,which are still currently auto re-invested. Been investing long enough now to know that markets don't always go up,and invested in enough sectors,countries so that while some sectors/countries may go down,others may go up. Its also times like these when i'm also happier to buy. Would sooner buy a fund at a 10% discount (especially one paying a decent dividend),than one at a premium.Not added more yet,but will do if it continues to drop further.
carterit
09/8/2018
17:13
I'm a long term holder, so to buy on big dips is my simple strategy. The nav is still good.
chc15
09/8/2018
15:39
The only worry is if the value of the underlying assets were to fall. At the moment a net asset value of 460 means you are buying those assets at a 10% discount.
whilstev
09/8/2018
13:38
CHC15 Are you not at all concerned to know why the continued sharp decline? 5% in two days is a hell of a lot and that follows from last week when , AFAIR, the price was 463 and it is now 413/420.
stmartin
09/8/2018
13:31
Have added buy price 413.7 so even better.
whilstev
09/8/2018
13:11
Down more, will continue to top up here
chc15
Chat Pages: 6  5  4  3  2  1
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