Henderson Far East Income Share Discussion Threads

[tim 3] 29/10/2022 09:47

Well the last time it was this low it eventually recoverd to over £3.

Heavily invested here so not adding more.

A little concerned as to why this is so consistently weak for the last 2 years.

[zac0_4] 28/10/2022 22:56

Why the talk of a dividend cut? The half yearly report doesn't give any indication that one is on the cards.

[scruff1] 28/10/2022 20:11

ford
Fair comment

[fordtin] 28/10/2022 15:45

Thanks Skinny, I've edited my post to replace the link with a reference to your post.

Scruff1, it would matter to me. At a big enough discount I would consider doubling up. Otherwise I would probably sell up and move on to what I would hope will be a more reliable income source.

[skinny] 28/10/2022 11:44

fordtin - that's an image address,

[scruff1] 28/10/2022 11:39

Wasnt really what I was thinking as the share price generally follows a co.s NAV but more that if the dividend is cut it will indicate that the performance of its assets is underperforming and will make it less atractive. Would it matter what the discount was?

[fordtin] 28/10/2022 10:40

scruff1,

The share price has followed NAV pretty closely for the last 10 years.

(see skinny's post #1201,the link I originally posted was a bit long)

So, I guess you're suggesting a dividend cut would put an end to the historic trend to trade at a premium to NAV.

In which case, what percentage discounts are you predicting in the event of 10% div reduction, 20% div reduction, 30% div reduction etc.

[scruff1] 28/10/2022 10:05

The chart doesnt look good but if the divi doesnt hold it will look a lot worse

[skinny] 28/10/2022 09:31

I first bought these in 2014 , sold in 2021 and bought back twice this year - the chart doesn't look great - particularly over 5 years, but the yield is becoming impelling.

[gateside] 28/10/2022 07:55

Yield is now up to 9.75%They seem confident that the dividend will be held, if so, this could be an excellent buy at sub 250p

[mister md] 27/10/2022 15:09

Seems great value at 244p, so I've added a big chunk to my existing (long-term !) holding ...

[unastubbs] 27/10/2022 08:12

thanks rik, when i saw the price today i did wonder!

[rik shaw] 27/10/2022 07:59

Ex div today for 6p

[ramellous] 27/10/2022 07:12

Far East to dominate growth in 2023...

[superiorshares] 24/10/2022 20:58

Unfortunately for America, China is going nowhere, It will be the dominant Superpower within ten years .
It must be worth a monthly drip into this soon , perhaps I will wait another month or two and start the process.

[panshanger1] 20/10/2022 08:10

Hans Seng index hit a 13 year low yesterday and Asia Pacific markets generally having a dreadful time Need China to come out of Covid restrictions for some improvement in the region imo Still happy to accumulate a few more at these levels and hold on GLA

[2sporrans] 19/10/2022 14:16

On the Chinese exposure:

The HFEL webpages state that at 30Sep22:



So, 25.75% [Incld. HK].

Taiwan down to 6.8% from a tad over 14% at end of June.
I imagine this is down to Kerley either paring down hard, or exiting the previously substantial holdings in Taiwan Semi and Samsung Elec.
The right call; semis been sold down especially hard of late.
Political risk is bound up in this but fwliw, as i'm reading things, it is the general USA containment policy v China that is [for now] the greater investor concern than an invasion of Taiwan [something Xi/China would pursue as an ultimate, last resort].
Part of this containment strategy, is to starve PRC of all manner of top end technological imports, in as far as the US can impose this.

More generally, I noted that Nomura has just joined Morgan Stanley in forecasting a bottoming in the equities sell off in Asia over the next several weeks.
Fwiw, Mike Wilson [MS] has read the evolving general macro and fin. assets picture very well the past year or so.

Outside of China, there is still a decent growth picture:

Recent World Bank GDP F/c of 5.35% for East Asia/Pacific Ex. China for 2022 and similar for 2023.
PRC down to ~2% this year from ~8% last; a modest recovery penciled in for 2023.



Interesting that the Bank of Aus. is now exercising some restraint in pace of rates rises. If these are topping out, presages a favourable environment for divi. stocks there.

[rik shaw] 19/10/2022 10:59

Dividend declaration

[masurenguy] 19/10/2022 07:33

Excluding the very brief Covid shareprice spike down in early 2020, this is now at a six and a half year low. Currently yielding just over 9%. Having sold out at just over 300p in April this is now back on my re-investment watchlist although it is still at a slight premium to NAV.