Acorn Income Fund Ld Share Chat (AIF)

Share Name	Share Symbol	Market	Type	Share ISIN	Share Description
Acorn Income Fund Ld	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
	-0.50p	-0.15%	337.00p	331.00p	343.00p	337.50p	337.00p	337.50p	23,997	11:24:25

Industry Sector	Turnover (m)	Profit (m)	EPS - Basic	PE Ratio	Market Cap (m)
General Financial	3.9	3.4	21.6	15.6	54

Acorn Income Fund Ld Share Discussion Threads

Showing 151 to 172 of 175 messages

Chat Pages: 7 6 5 4 3 2 1

Date	Subject	Author	Discuss
01/8/2019 09:10	Since this is mainly a small cap fund, it is much more exposed to the UK economy than income funds that focus on large caps (which tend to have overseas earnings and benefit from the lower pound). Small caps are out of favour mainly due to fear of brexit. The widening discount represents weakening sentiment towards small cap stocks IMHO. I am a buyer at these prices.	rcturner2	Read Full Thread Reply
01/8/2019 09:04	I think it is important to bear in mind that the NAV has been largely static throughout the past few months. As primarily an income fund that is reassuring. The widening discount affects us of course, but it also offers long term opportunities to buy in cheaper than before with the dividend now nearly 6%.	andyj	Read Full Thread Reply
31/7/2019 14:05	Great, now what?!	chc15	Read Full Thread Reply
29/7/2019 19:45	Possible buy back of shares. Also do more promotion, so more private client brokers and institutions buy the stock..get John baron to put this back in his income portfolio..	chc15	Read Full Thread Reply
29/7/2019 16:10	Like what exactly? Best thing they can do is increase NAV , the share price will catch up, but easier said than done!I suppose they could de-risk by liquidating some equities and significantly increasing the proportion in the income fund.	rogerrail	Read Full Thread Reply
29/7/2019 13:56	I may contact the managers, see if they are doing anything to address the discount here, its gone way too far. Problem with active management, once poor performance happens, its hard to recover.	chc15	Read Full Thread Reply
29/7/2019 13:47	Agree was looking good last year, but not worth bailing just now , I too will hold on and get out at next bounce hopefully.	malc1111	Read Full Thread Reply
29/7/2019 11:36	All trades are showing up as sells for some reason, including the 1000 shares that I just bought at 340. This is ranked 275th out of 304 trusts for 1yr performance on trustnet with -21.2%, but the majority of that decline is due to the widening discount. This time last year the discount was 1% whereas this morning it's closer to 18%.	psync	Read Full Thread Reply
29/7/2019 09:10	Does anyone have any idea why AIF is on a permanent decline. Hard to see why given the underlying NAV etc. Seems to eb no-one buying and lots selling. Recently it seems to have gotten worse.	malc1111	Read Full Thread Reply
29/7/2019 07:30	Andy, I would think that the Woodford effect will mainly be on open ended funds, so ITs may in fact gain from the Woodford debacle. Although he does run the IT Woodford Patient Capital, the massive problems have been caused by the redemptions in his open ended funds.	rcturner2	Read Full Thread Reply
28/7/2019 08:57	Of my small cap ITs none of them have been able to match the performance of my small cap ETF, including the dividends paid. I agree that the Woodford debacle has made many rethink their exposure to ITs in general. Add to that small caps being out of favour and I think we have more to fall here. On a long term view they remain a good investment IMHO. I am happy to add as opportunities arise, but I admit my ETFs will continue to be my first choice. Difficult to know how a no deal Brexit will affect the market. I think an election will be more worrying and have taken out some small hedges against a market correction.	andyj	Read Full Thread Reply
26/7/2019 08:28	andyj: hopefully sterling holds up against equities in that scenario! I wonder if it's the asset allocations or gearing here that are the main factor contributing to the relative poor performance. Only thing that I feel confident about right now is my global equity index tracker but I do wonder how much of that good performance is due to the rapidly increasing popularity of ETFs rather than the underlying asset quality. Wouldn't be surprised if more people are moving out of managed funds and ITs in favour of ETFs especially with the Woodford debacle still ongoing. Anyhow quote here for a 1000 shares here is currently 347 and last NAV was 416 giving a discount of about 16.5% right now. Some of the constituents are definitely struggling. Tyman put out quite a downbeat set of the results yesterday. Not sure whether there is a malaise across UK listed small caps in general or if it's specific to this fund.	psync	Read Full Thread Reply
25/7/2019 17:27	These have been my worst performing investment trust this year, but it is more a case of a widening discount than falling NAV. I will add, but not yet, I think the market is jittery and I am building cash for a Brexit crash.	andyj	Read Full Thread Reply
25/7/2019 16:26	Seems like all my investment trust holdings are behaving like this at the moment with discounts to NAV widening all the time. No idea why but it is the case, maybe a good time to buy.	whilstev	Read Full Thread Reply
25/7/2019 16:21	Why the drop, poor performance lately...	chc15	Read Full Thread Reply
07/6/2019 18:34	Cheers dave, will check it out.	psync	Read Full Thread Reply
07/6/2019 18:20	ASCI looks a more consistent performer over the last year.	davebowler	Read Full Thread Reply
07/6/2019 18:11	Hmm, little bit disappointed to see the NAV fall slightly this week given markets have been relatively kind. Excellent results from discoverIE, but Somero had a bath today which isn't going to help at all. NAV at 435.60 and price at 380 puts the discount just below 13%. I want to like this fund as I'm greedy for dividend income but just not sure if there are better options or if should just stick the cash in a global equity tracker. Ex-div next week.	psync	Read Full Thread Reply
24/5/2019 12:00	Takeover of Mucklow which was approx. 3% of share portfolio.	whilstev	Read Full Thread Reply
16/4/2019 10:54	Yes looking to add to my holdings, also hold SDV, that had terrible year too!	chc15	Read Full Thread Reply
16/4/2019 10:11	Agree and I have increased my holdings. Hopefully they are now recovering from the disappointing performance of a last year.	whilstev	Read Full Thread Reply
16/4/2019 02:21	It is actually now the biggest discount for the past 5 years and I agree, given the yield is as you stated, could be a good time to put some away.	andyj	Read Full Thread Reply

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