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AIF Acorn Income Fund Ld

0.00 (0.00%)
Last Updated: 01:00:00
Delayed by 15 minutes
Acorn Income Fund Ld Investors - AIF

Acorn Income Fund Ld Investors - AIF

Share Name Share Symbol Market Stock Type
Acorn Income Fund Ld AIF London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 367.50 01:00:00
Open Price Low Price High Price Close Price Previous Close
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Top Investor Posts

Top Posts
Posted at 23/11/2021 12:03 by tykethat
Interactive Investor wins the race! Cash arrived this morning, thats cheered me up!
Posted at 18/5/2021 18:14 by scillyfool
I’m not sure about everyone else here but I invest to make money not to pander to an Investment Trust Board’s perceived vision of the latest “wokery” trend.
Acorn currently yields c.6.25% and is on a discount of c.13% and I have no problem with the current management of Premier/Unicorn.
The only possible reasons to vote for a change of management are poor performance, investing in underperforming shares or poor returns.
Can the Board provide evidence of better performance in the proposed move to BMO?
If not, then they should consider winding up the Trust and returning the proceeds to us loyal investors and we will make our own minds up as to where to invest our money.
Posted at 21/4/2021 10:27 by speedsgh
Fairly dour set of results, unsurprising in view of last year's events compounded by the trust's high level of gearing. An unfortunately-timed purchase of hedging (listed put option on the FTSE 100) after the horse had already bolted served to exacerbate matters but perhaps easy to say that now with the benefit of hindsight.

Looking forward it sounds nailed on that the dividend will be re-based and they are undertaking a strategic review with proposals to be put forward alongside the 5-yearly discontinuation vote at the AGM in August.

Annual Financial Report -

on the DIVIDEND...

"The Board has been pleased to see the recovery in earnings throughout the second half of the year, certainly reaching a level which was far from visible during the second quarter, and although our projections do show a recovery in the Company's revenues for 2021 and thereafter, the Board believe that it is likely that a return to a sustainable and covered dividend will necessitate a lower dividend payment in future years."


At the Annual General Meeting in August 2021, a discontinuation vote will be put to the shareholders and they will be asked to vote on whether they wish the Company to continue for a further five years. At the same time the Directors intend to put forward proposals, yet to be finalised, that may involve changes to investment policy, corporate structure, gearing and dividend yield. Shareholders will be able to consider whether they wish the Company to continue for a further five years in the light of these changes. In preparing these proposals the Board has been working with the Company's broker and has employed an external consultant to conduct a strategic review of the company.

This strategic review is predominantly focussing on the following areas:

• the investment management structure and investment objectives that will seek to address the discount, expand the investor base and facilitate the growth of the Company over the coming years;

• the appropriate level of sustainable yield;

• gearing level together with the resultant impact on income yield; and

• form of gearing, if any, (i.e. ZDPs and/or bank debt) that is most appropriate in the current market environment.

At this time the review is still in active progress and we will report to shareholders as soon as more detailed information is available. As a result of the review the AGM voting documents will be made available separately to this report and are not, as has historically been the Board's practice, included at the end of this report.

As a consequence of the strategic review, there will inevitably be material changes to the formal structure of the relationship with the Investment Advisers and Investment Manager. To this end, the Company has served protective notice to terminate the Investment Management Agreement which has the effect of initiating the notice period required under the Agreement. This action should not be interpreted as an indication that the current Investment Advisers will not be involved in the management of Acorn's portfolio post the conclusion of the strategic review.
Posted at 10/11/2020 11:27 by speedsgh
Dividend Announcement -

The Directors are pleased to declare a fourth interim dividend for the year ending 31 December 2020 of 5.75p per Ordinary Share which represents an increase of 10.58% compared to the corresponding dividend for the year ended 31 December 2019. With this distribution the total dividend for 2020 will be 23p per Ordinary Share, a 10.58% increase on the 20.8p distribution in 2019.

COVID-19 has led many UK companies to reduce or cancel dividend payments and this has impacted Acorn's earnings in 2020. The 23p per Ordinary Share distribution for the year will be achieved by drawing from the Company's revenue reserves. At 31 December 2019, Acorn had revenue reserves equal to 1.04 times the 2019 dividend. The Directors consider the current situation is one in which it is appropriate to draw on those reserves in order to maintain income levels for investors.

Acorn will not distribute from capital. Dividends will only be paid out of current period revenues and revenue reserves.

The recovery in the income flow from the Company's Smaller Companies portfolio is progressing well. Many of Acorn's investee companies initially adopted a cautious approach to the uncertainties that lay ahead and reduced or passed their dividends. These companies are now resuming dividend payments. A few have actually increased dividends above their 2019 level. There are nine investee companies in the portfolio that have not yet resumed dividends however our investment advisers for the Smaller Companies portfolio believe that most of these will make distributions in 2021.

The directors will monitor the level of income generated by the portfolio and this in turn will inform decisions on the appropriate dividend distribution for 2021.

Ex-Dividend Date: 3 December 2020
Record Date: 4 December 2020
Payment Date: 18 December 2020

Dividend per Share: 5.75 pence per Ordinary Share (Sterling)
Posted at 17/8/2020 13:55 by speedsgh
Interims are out. Q3 dividend payment maintained at 5.75p...

Half-year Report -

Dividend Announcement -

"At 31 December 2019, Acorn had revenue reserves equal to 1.04 times the 2019 dividend. The Directors consider the current situation is one in which it is appropriate to draw on those reserves in order to maintain income levels for investors. The interim results published today show that the revenue reserves at 30 June 2020 stood at 14.6p per share having been 21.6p per share at 31 December 2019.

Acorn will not distribute from capital. Dividends will only be paid out of current period revenues and revenue reserves."

"... the directors believe that 5.75p per share is a reasonable target for the fourth interim dividend that will be paid in December; however shareholders should note that the actual dividend will be set in the light of income earned over the remainder of the year as well as the outlook for 2021 and beyond."
Posted at 05/8/2018 22:29 by kimptonplace
Possibly because John Baron portfolios announced a sell on the 3 August from their portfolios . I assume several investors were then selling with few buyers in the market . So a case of sellers far utstripping the number of buyers
Posted at 04/2/2014 14:21 by alroyrob

I have contacted the company and was told that they believe there were some automated stop losses 'badly handled' by the Brokers last week and that is what has caused this situation.
Imo, if/when the investors who were stopped out decide that the bottom has been reached and buy back in.. the share price could rise just as quickly as it has fallen.
I see that the share price has just reached the 200 sma, often a common point to bounce from.

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