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 Shares Traded Last Trade
  +7.00p +1.80% 396.00p 10,829 10:08:52
Bid Price Offer Price High Price Low Price Open Price
392.00p 400.00p 396.00p 389.00p 389.00p
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
General Financial 3.85 3.24 20.36 19.4 63.0

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Date Time Title Posts
29/10/201815:58Acorn Income I. T.140

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Acorn Income Fund Daily Update: Acorn Income Fund is listed in the General Financial sector of the London Stock Exchange with ticker AIF. The last closing price for Acorn Income Fund was 389p.
Acorn Income Fund has a 4 week average price of 371p and a 12 week average price of 371p.
The 1 year high share price is 478p while the 1 year low share price is currently 371p.
There are currently 15,916,687 shares in issue and the average daily traded volume is 48,363 shares. The market capitalisation of Acorn Income Fund is £63,030,080.52.
carterit: 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).
gopher: zero dividend preference shares act as leverage on the quoted share price magnifying gains and losses in the NAV. At expiry they must be paid back which in Acorns case would reduce the size of the fund. It can create a bit of mess if things start to go badly but the existence of ZDP go some way to explaining Acorn outperformance in the past and dividend yield. I would expect a new issue and there is the security of the bond holdings so on balance OK.
stevebarrett86: Am I missing something? NAV something like 16p a share higher than a couple of months ago but share price falling like a stone??? What's going to close the discount which seems ridiculously large at the moment. Share price has never recovered from untimely death of the fund manager it seems.
alroyrob: The share price is now trading at quite a discount to NAV. Imo, that is a very attractive buy signal when the company is a continuous strong performer such as Acorn.
davebowler: Acorn Income Fund unveils 'truly spectacular results' for the year to December, according to chairman Helen Green. She said: "Measured on share price total return (share price with dividends reinvested), the company was the best performing investment company in 2012. (Source: Winterflood Securities Annual Review). "The company's performance record has in fact been exceptional over longer time periods as well. "Comparing the company to the 41 closed end funds in the Growth and Income, High Income, Small Companies High Income, UK mid cap and UK smaller companies sectors the company was the best performing fund measured on net asset value total return over one, three, five and ten years (as at 24 February 2013). (Source: Morning Star and Numis Securities)." The Numis Smaller Companies (ex-investment companies) Index rose by 29.9% on a total return basis over the year and the FTSE Small Cap (ex-investment trusts) Index was up 36.3% on a total basis. This compares to a 12.3% rise in the FTSE All Share Total Return Index. Acorn Income said its total return on gross assets was 30.5% and with gearing from the ZDP shares the return on net assets was 48%. With a rerating to a narrower discount during the year, ordinary shareholders enjoyed a total return on their share price of 60.5%.
Acorn Income Fund share price data is direct from the London Stock Exchange
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