Henderson Far East Income Share Discussion Threads

[my retirement fund] 19/5/2022 12:10

Until this is trading at a sensible price to its NAV I am at a loss to understand why anyone would be buying.

[norry2] 19/5/2022 11:44

Bought a first tranche at 287.07 It seems like a decent way to add diversification.

[tim 3] 17/5/2022 15:16

Added a few @ £2.89

[exel] 04/5/2022 20:39

So, there was plenty of opportunity at sub-300p today, with a fresh issue of 150k new shares at 300p to be admitted tomorrow. Maybe that is the new floor? again! Would love to think so, but maybe not? We've been here before.

[tonytyke2] 02/5/2022 21:07

Pvb, if you follow the discussion with Boystown and then JFInvestments, a quick discussion was raised about investing in JCGI, which did change its name in 2020 and brought in the 4% div policy. Not Henderson.

(Added text) I have been adding to my HFEL when it drops below £3, very strong dividend payer, what's not to like!

[pvb] 02/5/2022 19:42

Irkin 28 Apr '22 - 23:38 - 1057 of 1064

"The dividend policy is 4% of Nav"

I wasn't aware of that - do you have a link?

I'm doubting that!

tonytyke2 29 Apr '22 - 00:40 - 1058 of 1064

The 4% target dividend of NAV came in early 2020 from memory, I think the fund changed it's name also around then.

1. It isn't a "fund".

2. It didn't change it's name in 2020.

[2wild] 29/4/2022 20:16

Decided to take my profits on this and sold out at 301.6p, as now on 2% premium to nav and old saying sell in May and come back on St. Ledgers Day, has served me well in the past. Best to be ahead of the curve. Will get back in if discount to nav goes over 5%. Good luck to all holders, have a great bank holiday weekend.

[woodhawk] 29/4/2022 13:24

scrwal

Yes, I was initially confused! The poster should have made it clearer.

[scrwal] 29/4/2022 13:09

Irkin

There is no 4% of NAV policy for HFEL and never has been. The posters are talking about JCGI I think - perhaps they should make this clearer and/or delete the posts and put them on the relevant board.

There should be a small uplift on the next dividend hopefully.

[tonytyke2] 29/4/2022 07:35

I am also invested here JFinvestments but still have JCGI and JAGI my watchlist for possible future re-investment.JAGI is currently around 10% discounted to NAV, good dividend. It however only invests around a third of it's portfolio in China, not 100%, so it's an investment in wider Asia etc. The top holdings are quite well known companies with the top sector being in Financial Services I believe. Good luck with your investments.

[jfinvestments] 29/4/2022 06:48

My personal view on China is currently that long term I think there will be growth and enough of it. We saw China stocks go up far too fast post pandemic and the have corrected/are correcting. There still remains too much risk there for now, the Chinese yuan is devaluing at a very quick rate - about 4% in 8 days. The last time this happened was 2015 and China had a very rocky time in the market. Experts are saying this is a state decision to increase competitiveness globally. Either way, this based on past market trends should lead to continued outflows from Chinese equities. This added to the property bail out earlier this year just makes it seem risky for 4% return and a small discount to NAV. I will buy China in time, I have a lot of the portfolio there, but have paused for the time being. HFEL seems the smarter decision right nowbfor dividend Vs risk in my opinion.

[jfinvestments] 29/4/2022 06:07

https://am.jpmorgan.com/gb/en/asset-management/per/products/jpmorgan-china-growth-income-plc-ordinary-shares-gb000343501The objective says at least 4% of Nav on last day of financial year.

[tonytyke2] 29/4/2022 00:40

The 4% target dividend of NAV came in early 2020 from memory, I think the fund changed it's name also around then.I sold out of this fund about a year ago, so not sure if this 4% policy changed since.

[irkin] 28/4/2022 23:38

"The dividend policy is 4% of Nav"

I wasn't aware of that - do you have a link?

[jfinvestments] 28/4/2022 22:55

The dividend policy is 4% of Nav. So it would reduce from September onwards. You would get the 6.9% for one quarter and then I would imagine something around 3-4p per Q based on current price.

[boystown] 28/4/2022 22:29

I hold these for the income and don't really worry too much about the capital value - but would buy more on any big falls. Overall, I'm slightly ahead factoring in previous dividends.

On a similar basis - what do the experts on here think about JCGI (JPMorgan China Growth & Income)? The yield is 6.97% at 327p, priced just under NAV. Just over a year ago it was well over £8 per share. I'm sure we're all well aware of the reasons for the fall, but it looks good risk-reward to me, particularly for those of us who are searching solely for sustainable yield.

The P/F doesn't mean much to me besides Tencent - see hxxps://www.theaic.co.uk/companydata/0P00008ZNU/portfolio

- though the sector breakdown and spread looks well-balanced.

[jfinvestments] 28/4/2022 21:25

I expected it to slip further. I think I'll top up anything below 290 over the next few months.

[woodhawk] 28/4/2022 16:31

Pretty good going for ex-divi day!

[panshanger1] 28/4/2022 07:27

XD -Payday 27/5 for 5.9 pence

[woodhawk] 27/4/2022 18:51

"dividend income generated by the fund was 14.7% higher than the same time last year"

... when the share price was significantly higher than now. Nevertheless, I'm glad to have the opportunity to buy at these reduced levels, with a consequently higher yield.

[carpingtris] 27/4/2022 18:32

I liked what I read in the report tbh also good to hear that dividend income generated by the fund was 14.7% higher than the same time last year - I'm hoping this means the current yield is nicely covered? there isn't any bank accounts out there paying >~7.5% happy to keep taking the quarterly dividends :)

DYOR

[unastubbs] 27/4/2022 18:20

half year report released to day also - see news above

[woodhawk] 27/4/2022 16:10

Another 2% to tuck away and reinvest. I do love these well above average quarterly divis.

[unastubbs] 27/4/2022 14:43

ex-div tomorrow!