Henderson Far East Income Share Discussion Threads

[lord gnome] 26/4/2019 08:25

Checking back over the last few years, it's always the July announcement when they increase the dividend and set it for the year ahead. Looks like we can expect another rise then. I do love this investment. Diversification, quarterly dividends, high yield, sleep soundly at night, all in one little bundle.

[aleman] 26/4/2019 08:18

Interim results don't look bad. Revenue is up 12% and the revenue reserve increased. It's well over a year's worth of dividends. Barring any sudden market upsets, it looks like there could be another incremental rise in the dividend again soon.

[aleman] 26/3/2019 13:50

LOL. And just to rub it in, they've issued more equity today.

[pvb] 26/3/2019 13:33

"As at close of business on 25th March 2019, the unaudited net asset value per share, calculated in accordance with the AIC formula (including current financial year revenue items) was 342.7p.
As at close of business on 25th March 2019, the unaudited net asset value per share (excluding current financial year revenue items) was 341.2p."

[aleman] 25/3/2019 13:47

NAV 348.7p. It's a long time since the share price was trading at a discount.

[essentialinvestor] 07/1/2019 13:51

Thanks for the above. The DIG mention allowed me to sell some of
those I bought cheeply last week. Added a few more HFEL with the proceeds.
I'm not sure the correction/bear market in Asian equities is done yet,
and we could be in the earlier stages of a bear market in developed markets.
That being said. would hope the dividend here is pretty secure, particularly
given the reserves.

[pj fozzie] 07/1/2019 12:40

Mail on Sunday highlighted Henderson Far East IT yesterday:

Cheers,
PJ

[essentialinvestor] 04/1/2019 14:47

An easing of trade tensions would be most helpful for HFEL.
The weaker recent US economic data may help drive this.
Trump discovering the US is not immune from slowing globe growth.

[essentialinvestor] 03/1/2019 14:39

Had a few yesterday. Like the relatively low gearing in contrast to
many income funds.

[lord gnome] 02/11/2018 19:22

Still a good buy for regular income. I added yesterday at 339. Would like still more when funds permit.

[pvb] 02/11/2018 17:34

Investment income increased 7.6%

Total expenses increased by 6.4%

- Management fees by 3.75%, Other by 18%

- I'm guessing (no Note) but expenses related to registration in UK for tax purposes?

Revenue reserves have increased by 4%


The weighted average number of shares is up 4.7% and the year-end number of shares is up 14.7%.

Though they usually issue new shares when share price is at a premium to NAV.

[aleman] 02/11/2018 17:02

I don't really like the way the company pats itself on the back for increasing income 8% against a 4% currency headwind but neglects to mention weak income EPS from dilution. The weighted average number of shares is up 4.7% and the year-end number of shares is up 14.7%. Even with the lower figure, EPS were still then held back by rises in expenses, interest and tax. They avoid mentioning the resultant income EPS is then up only 1.2% and that probably still leaves some apparently large H2 dilution which will wash into next year's numbers. The story here for a few years has been investing in cashflow rich companies with strong balance sheets that should see big dividend increases. I suppose one year's stall has to get the benefit of the doubt but I'd feel better if they were more up front about it.

[pvb] 10/8/2018 12:42

It seems to make sense given changes to the tax regime. I just have a couple of queries over what effect changes to the articles of association may have wrt cap on directors pay etc.

It will still be domiciled in Jersey, just that for tax purposes it will be registered in the UK and AGMs etc will then be in the UK instead of Jersey.

[epo001] 10/8/2018 12:31

Any thoughts on today's corporate action proposal re UK Investment Trust status?

[pvb] 17/7/2018 23:49

At 17 July, NAV = 354.7p - 349.0p

[aleman] 08/6/2018 15:54

Gone below NAV today. (Ignore ADVFN chart - spread is 370/373 which is down 8.5p.) That is unusual for the last few years. There seems to be an unusual run of sells for some reason.

[blueliner] 03/5/2018 08:33

Ex Div today, 2nd int of 5.3p paid 31st May .

[aleman] 03/5/2018 07:43

I missed the interims of two weeks ago:

[nimbo1] 26/1/2018 10:21

These have been v good performers for me. A bit of a capital gain and great income in the isa. I noted the recent managers comments about dividend growth in Asia after 5 years of relative stagnation. Clearly exchange rates might be a factor but bodes well for divi growth into the future if thats what you are after.

[pj fozzie] 02/1/2018 17:59

Interesting stuff. I wonder what the impact will be on private investors? Will we even notice any difference.

Cheers,
PJ

[aleman] 02/1/2018 17:16

I didn't even know about it.

[skinny] 02/1/2018 13:49

Thanks - events have obviously over taken

[milly17] 02/1/2018 13:47

Is this Mifid II and Mifid? If yes the FT says it comes into force on the 3rd Jan