Share Name Share Symbol Market Type Share ISIN Share Description
Bmo Uk High Income Trust Plc LSE:BHI London Ordinary Share GB00B1N4G299 ORD 0.1P
  Price Change % Change Share Price Shares Traded Last Trade
  0.50 0.58% 86.00 100,625 09:26:18
Bid Price Offer Price High Price Low Price Open Price
84.00 88.00 86.00 85.50 85.50
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 5.01 4.20 3.61 23.8 74
Last Trade Time Trade Type Trade Size Trade Price Currency
12:12:17 O 24,475 87.25 GBX

Bmo Uk High Income (BHI) Latest News (3)

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Date Time Title Posts
19/5/202217:43BMO UK High Income31
22/3/200714:51Oil Drillers, incl. Baker Hughes2

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Bmo Uk High Income (BHI) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
2022-06-27 12:07:1587.2524,47521,354.44O
2022-06-27 12:07:1087.2525,57522,314.19O
2022-06-27 11:12:1987.1025,00021,775.00O
2022-06-27 11:11:5187.2525,57522,314.19O
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Bmo Uk High Income Daily Update: Bmo Uk High Income Trust Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker BHI. The last closing price for Bmo Uk High Income was 85.50p.
Bmo Uk High Income Trust Plc has a 4 week average price of 85.50p and a 12 week average price of 85.50p.
The 1 year high share price is 100p while the 1 year low share price is currently 79p.
There are currently 85,922,653 shares in issue and the average daily traded volume is 56,612 shares. The market capitalisation of Bmo Uk High Income Trust Plc is £73,893,481.58.
orinocor: Date: 23 March 2022 LEI: 213800B7D5D7RVZZPV45 Dividend and Capital Repayment The Board of BMO UK High Income Trust PLC announces a fourth quarter dividend in respect of the financial year to 31 March 2022 of 1.55 pence per Ordinary share. This dividend will be paid on 6 May 2022 to Ordinary shareholders on the register on 8 April 2022, with an ex-dividend date of 7 April 2022. A fourth quarter capital repayment of 1.55 pence per B share will be paid on 6 May 2022 to B shareholders on the register on 8 April 2022, with an ex-dividend date of 7 April 2022. Capital repayments on B shares are paid at the same time and in an amount equal to each dividend paid on an Ordinary share. For the financial year to 31 March 2022, total dividends / capital repayments have increased by 2.8% to 5.45 pence per share (Financial year to 31 March 2021: 5.30 pence per share). Based on these distributions, the dividend yield on an Ordinary share was 6.4% based on the Ordinary share price of 85 pence as at 22 March 2022, and the distribution yield on a B share was 6.4% based on the B share price of 84.5 pence on the same date. These yields compare favourably with the yield on the FTSE All-Share Index of 3.1% at the same date. For those shareholders that hold units (each comprising three Ordinary shares and one B share) the distribution yield on this unit holding was 6.6% based on a unit price of 330 pence as at 22 March 2022.
orinocor: BHI Manager Commentary NOV 2021 Philip 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.
vacendak: With hindsight, a lot of income/value ITs that play in the FTSE100 got whacked yesterday even if not by that much (I follow TMPL, LWDB). Then again, BHI, being smaller, may not trade as much, so the bigger drop could have been linked to more volatility I guess. Stupid virus, half-expected future lockdowns and all that also contribute to a nasty background noise.
vacendak: That thing is still in my favourite, hence I picked up your post. Nope, no idea. From the latest portfolio update on the website, it does not look as if BHI holds the biggest faller of today (-7.15%), namely BT. BT is not in its top ten anyway. In fact it owns Beazley in that top ten and that is nicely up today. It is certainly not a surprise share-split because this is indeed a dog! It is below the benchmark on YTD/1Y/3Y/5Y with no genuinely interesting play, i.e. no backing of anything exotic that could bring a good surprise. I am glad to have sold BHI and switched to LWDB. Law Debenture may be "boring FTSE stuff" too, but there is a trustee business on the side that fuels the dividend which in turn allows for some moderate bets on growth companies. Also, LWDB trades at times at a premium and emits shares accordingly.
vacendak: Nice uptick for ASIT recently I admit, but disappointing since launch. Also a bit expensive on the charges, although it seems more actively managed as in "not much from the benchmark". Also this is a different beast from BHI: Small caps and split capital trust. We do not see many of those nowadays. BHI is more staid.
vacendak: This more or less summarises why I switched to Law Debenture last year. Of course, LWDB is now on a premium, so the decision is not as easy now as it was then - I hate buying at a premium. The switch was one of my very few "timing the market right" decision, I got into LWDB at around 10% discount (well, BHI was in the doldrums too, so I crystalised my losses). LWDB has shot back up with the so-called rotation back to value market feeling. I had given Philip Webster, the - back then - new manager some time. His idea of expanding towards FTSE250 was interesting. I also liked the old style oil and tobacco angle... then I got bored of BHI just being an average FTSE All Share tracker. Right now, it is merely tracking over 6 months, 2, 3 and 5 years. It only seriously beats its index on a 1 year basis at pixel time. In Bart Simpson's words: "A bit meh..."
vacendak: After some more reflection, I have decided to exit BHI. I got into it by default back when I had my ISA with F&C (now BMO), and this was the default High Income trust in the stable. I liked it back then due to the mix of shares and bonds; then they dropped the bonds. It has been a few years now that I have moved to an investment platform and BHI does not seem to move as fast as it should despite the so called "high conviction" portfolio. So, I am taking my losses and shifting the proceeds to Law Debenture, as indicated earlier, it is bigger, smaller spread and beats ICT/FHI/BHI (three ticker changes in less than ten years!) over the long term.
vacendak: For UK income, I am now topping up with LWDB. Law Debenture is bigger, older, trades more, so narrower spread (I hold units in BHIU and the spread is 4-5%) and due to its structure has potentially better dividend prospect. LWDB and BHI shadow each other pretty well, with a slight advantage to LWDB; so I am not selling BHI since it does bring a good yield, but I shall stop adding to it.
vacendak: This is indeed a quiet one that does what it says on the tin. The holdings are very conservative, even if digging deeper in the FTSE250 than it used to. The share price itself never really recovered from when they decided to let go of the bonds, even if they had very few left prior to the switch to shares only. I think they used to be heavy on tobacco when tobacco was doing well, hence the share price highs in the past (all the way back when it was ICT/ICTB/ICTU). The updates always mention a desire to go for "value", making the trust "value and high income", which is not an easy one to pull. TMPL does value better, but BHI has a better yield.
vacendak: !FOLLOWFEED BMO UK High Income PLC hxxps:// 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.
Bmo Uk High Income share price data is direct from the London Stock Exchange
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