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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| CT UK High Income Trust Plc | BHI | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| 0.00 | 0.00% | 86.00 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 86.00 | 86.00 |
| Top Posts |
|---|
Posted at 23/12/2021 13:26 by orinocor BHI Manager Commentary NOV 2021Philip Webster September’s weak equity market performance continued through October. There isn’t much in the way of recent news to report; the trends from the previous month have continued. As mentioned in the previous factsheet, performance has been hindered by a combination of the sectors we don’t have positions in, which have performed well, and certain stocks. The stock selection issues continue to be driven by the technology plays, which was also highlighted last month. There has been a rapid reversal from love to hate and, in some cases, it feels like I’m taking a contrarian stance as so many around me surrender. Perhaps this is how value investors have felt for much of the last decade. Thankfully, I’ve only had to endure this over the course of the year in a cohort of stocks that have been out of favour. In terms of earnings, we are getting close to the end of the third quarter results. I’ve listened to dozens of conference calls and the same themes keep arising: inflation, supply chain constraints and elevated freight rates. Overall, we are reasonably well insulated from most of these pressures given the business models that we own and their ability to pass this through in price. Where we are seeing headwinds, we believe these are manageable because they are well understood or because the valuations reflect the risks. In my opinion, the market continues to sleep-walk into the hot momentum sectors where we have seen a huge rerating. These stocks are, in most cases, priced for perfection and we are beginning to see share prices declining on upgrades; this tells you how extreme these have become. I don’t want to preach, but the rules of risk and return, or ‘greed’, are permanently etched in my memory; these tend to come back to haunt markets. I have no idea what will drive the next sell-off, but valuation risk, unlike some of the others, will be so obvious in hindsight. For the second month in a row, I have made no changes to the portfolio. Where I am fighting noise and sentiment, I am stepping back and keeping my powder dry. I feel that there is a huge amount of value in several of my quality companies but, sometimes, you are best not to fight the tide of sentiment. When this turns, I need to be active in raising weights so that we can get the maximum benefit when these companies do see a recovery. From the discussions I have had with these companies’ management teams, it feels like we are very close and that an earnings recovery is in sight. |
Posted at 28/6/2019 11:05 by vacendak !FOLLOWFEEDBMO UK High Income PLC hxxps://www.bmogam.c The Trust aims to provide an attractive return in the form of dividends and/or capital repayments, together with prospects for capital growth. The Trust invests predominantly in UK equities and equity-related securities of companies across the market capitalisation spectrum. BMO UK High Income is the former F&C UK High Income which in turn used to be called Investor Capital Trust. The old thread: It offers three classes of shares: * BHI: The ordinaries. * BHIB: The capital shares. These are for all purposes and effect equal to the ordinaries but get a "capital repayment" instead of a dividend. The value thereof being equal to the dividend. This has capital gains tax implications. * BHIU: The unit, equal to 3 ordinaries and 1 capital share. The NAV entitlement is the same for each class of share (x4 for the unit of course). They do trade at various discounts and spread however. For historic purposes, the BHI ticker (TIDM) replaces FHI, BHIB replaces FHIB and BHIU is the new BHIU. |
Posted at 22/3/2007 14:51 by energyi US Oilfield Services Sector -- Initiating CoverageWe are initiating research coverage of the oilfield services sector this morning with reports on the following 14 companies: Atwood Oceanics (ATW : NYSE : $55.29 | BUY, $63.00 target price) Basic Energy Services (BAS : NYSE : $23.77 | HOLD, $28.00 target price) CARBO Ceramics (CRR : NYSE : $46.52 | HOLD, $44.00 target price) Complete Production Services (CPX : NYSE : $19.73 | HOLD, $22.00 target price) Core Laboratories N.V. (CLB : NYSE : $84.03 | HOLD, $76.00 target price) Helmerich & Payne (HP : NYSE : $30.08 | BUY, $34.00 target price) Hercules Offshore (HERO : NASDAQ : $25.99 | BUY, $35.00 target price) Hornbeck Offshore (HOS : NYSE : $27.63 | BUY, $30.00 target price) Oil States (OIS : NYSE : $31.38 | BUY, $35.00 target price) OYO Geospace (OYOG : NASDAQ : $67.91 | HOLD, $65.00 target price) Pioneer Drilling Company (PDC : AMEX : $12.73 | HOLD, $15.00 target price) RPC (RES : NYSE : $15.66 | BUY, $20.00 target price) TETRA Technologies (TTI : NYSE : $24.26 | BUY, $28.00 target price) W-H Energy Services (WHQ : NYSE : $43.59 | BUY, $53.00 target price) We recommend investors market-weight the oilfield services sector. Over the next twelve months we expect the Philadelphia Oilfield Services Sector Index to trend to the $220.00 level, 11.8x consensus 2007 EPS expectations, as activity levels remain high and, as a result, equipment and services prices remain robust. Crude oil and natural gas prices, fueled by worldwide economic growth, are the greatest influences on oilfield service companies' share price performance. We expect commodity prices in 2007 to remain high compared to historical levels. The fundamentals of the declining size of exploratory successes and increasingly steep decline rates of established production underpin these positive expectations. Operationally, the offshore drilling, downhole drilling tools, and well servicing subsectors should be among the best performing sectors in 2007-2008. Our favorite names in our oilfield services research universe are Hercules Offshore, Helmerich & Payne, and TETRA Technologies. |
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