CT UK High Income Share Discussion Threads

[vacendak] 14/4/2020 12:43

Yes, BHI appeared in one Daily Mail article last week about investment trusts and dividend covers. It has one of the best covers, at 1.5x or more if I recall.

My "yield at cost" is more like 5%, still pretty good, but 7-8% as it is now is indeed attractive considering the year and a half of reserves.

[poikka] 14/4/2020 12:15

Divi well covered by retained revenue; so I can't see any reduction in divi.

Therefore, we have a (hopefully) secure 7% to feast on.

[poikka] 20/12/2019 14:20

Bit of each then vacendak.

[vacendak] 16/12/2019 20:57

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.

[janeann] 16/12/2019 17:56

Certainly a consistent dividend payer and t a decent discount but disappointing no real reaction in line with the wider marker sentiment today

[hugepants] 16/12/2019 12:16

Looks decent value. Discount approx 10% , yield +5%

[vacendak] 28/6/2019 11:05

!FOLLOWFEED
BMO UK High Income PLC
hxxps://www.bmogam.com/uk-high-income-trust-plc/

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.

[energyi] 22/3/2007 14:51

US Oilfield Services Sector -- Initiating Coverage

We 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.

[energyi] 19/3/2007 10:11

Some further info

Sym. Company==== Shs.OS Price : MktCap
BHI- Baker Hughes 320. $62.74 $20.09BN
BRNC Bronco Drllg 26.1 $15.05 $391.6mn
CRED Credo Petro. 9.26 $12.35 $114.4mn
GEOI GeoResources 3.79 $ 5.80 $ 22.0mn
..
NGAS Ngas Res... 21.79 $ 6.35 $138.4mn