Share Name Share Symbol Market Type Share ISIN Share Description
F&C UK High LSE:FHI London Ordinary Share GB00B1N4G299 ORD 0.1P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  +0.00p +0.00% 95.00p 93.00p 97.00p - - - 0 01:00:00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 5.6 4.8 4.0 23.6 82.58

F&C UK High Share Discussion Threads

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Latest portfolio update: Https:// Now nearly fully invested at 1.34% cash and the remainder of the fixed-interest investments is now at just 0.17%.
The latest factsheet (October 2017) shows that the non-invested cash has now dropped to 3.52%, which is more reasonable than the September high of 10.59%. Http:// The bond/fixed income portfolio is nearly gone at 0.35%. Despite the recent talk about going deeper down the FTSE 250 for opportunities, the bond divestment has been spread more or less equally between the FTSE 100 and 250 holdings. The new manager, Philip Webster, has been around since March 2017 now, good start until late June for the units at least (FHIU). He has had to go through the change of mandate, but it would be nice to see the share price stop its slide at some point. Webster is also running the F&C European Growth & Income fund, where he seems to have had more luck. FHIU hit a 10% discount lately, which is a bit odd considering the very liquid holdings (more than 60% in the FTSE 100). I shall convince myself that this is "value". :) Cannot complain on the income side though.
One the one hand: The July factsheet had them dump WPP (advertising company). This was a good call as WPP stumbled badly yesterday. On the other... They doubled down on BAT and Imperial Brands after the market reaction to the change in US regulation (nicotine products), but the tobacco companies are still in the dog house right now. At least the manager is "active" and making decisions. There was no comment on how the change of mandate is affecting the company (getting rid of the bond component).
!FOLLOWFEED F&C UK High Income Http:// The website states: "Invests predominantly in UK equities and equity-related securities of companies across the market capitalisation spectrum" F&C UK High Income is the former Investor Capital Trust. Https:// Some serious changes recently: * Name change to reflect what it actually does. * Used to have a bond portfolio and an equity portfolio. It is now pure equity. * Used to be FTSE 250 but now the strategy expands to UK mid- and small-caps to look for income. It offers three classes of shares: * FHI: The ordinaries. * FHIB: 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. * FHIU: 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 FHI ticker (TIDM) replaces ICTA, FHIB replaces ICTB and FHIU is the new ICTU. !YOUTUBEVIDEO:GNbliqPBh5k:
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