Henderson Far East Income Share Discussion Threads

[2sporrans] 06/11/2023 14:07

Tim

"I mean why risk continuing to lose your dividend and more with capital deterioration when you can get near 6% returns guaranteed elsewhere."

A just question :b

I was knocking 60% portfolio weight in the money markets a year ago, safely earning at over 4%pa.
Currently, having sat on my hands wrt my allocation, over 60% in mm, earning ~5.5%.
Not in a hurry to depart.

[2sporrans] 06/11/2023 13:56

"BUY - when everyone is fearful!"

With a discount of merely 6%, investors remain pretty sanguine about HFEL.



I've been buying the dips, just not in HFEL.
AAIF has a far superior performance, any timeframe since early 2020.

Yet, it benefits from a decidedly more fearful 14% discount.
I'll continue to accumulate there, in part fed by the HFEL divi cash.

[gateside] 06/11/2023 10:29

BUY - when everyone is fearful!

[tim 3] 06/11/2023 09:45

Good post.

As you and others have pointed out their performance against others in the area is dire.

I think a combination of returns available elsewhere as well as continued dire share price performance has had an effect on the NAV.

I mean why risk continuing to lose your dividend and more with capital deterioration when you can get near 6% returns guaranteed elsewhere.

The most troubling thing is managers seem to think they are doing a good job!

[panshanger1] 02/11/2023 10:04

Annual report 10/11 last year do we have a date for this year ?Should be interesting

[superiorshares] 01/11/2023 18:50

Scruff .
I haven't watched the BBC for 11 years .
Those that watch that are deluded or just gullible.
Yes I agree with your point.
I personally take everything the analysts etc say with a pinch of salt.
My decisions generally come from my limited brain matter and to be honest just my own common sense .
Bog Standard analysis I call it .
My view on HFEL is all Geopolitical.
The US / China economic dream team is well and truly over !
Also to me it looks like the middle East will bubble over ?
This will exacerbate the friction between Asian, Middle Eastern and Russia and Western countries.
Longer term I think Asia will prosper and Europe and the US will not .
I have a small interest in the direction of this which is about to be closed . I'm not greedy , although I still think this is far likely to go a lot lower than it is likely to go higher .
SS

[scruff1] 01/11/2023 08:04

SS
That was only the property crisis. Later in the day I read a report claiming that the Chinese manufacturing sector had regressed despite the governments effort at support.
Depends on what the analysts want you to believe. Yesterday most reported that BP had missed it targets significantly. The BBC simply reported that the oil company had made 3.3bn profit

[superiorshares] 01/11/2023 04:32

FABIUS1
Yes I would like to refer to the EU on that one .
By 2008 their policies had bankrupted the banking system .
They commenced money printing to gloss it all over .
And carried on for about 12 years !!!
Of course they were not the only ones and the Politicians are now addicted to it .
My target for HFEL is well known its 1.10 / 1.30 in relatively quick order .
Derided by all the nomark little fascists.
I see nothing at the minute to change that

SS

[fabius1] 31/10/2023 21:14

SS, actually, you can get worse and it's called a bail out which is one of the chief reasons we have ailing economies propped up with debt with lousy fundamentals.

[superiorshares] 31/10/2023 20:10

Scruff.
HSBC is correct . The worst is over because its all bankrupt .
You can't get worse than that 😀
SS

[tim 3] 31/10/2023 08:28

They pay you 6p and price drops 12p.

Something not right with these and the market knows it or they would not be yielding 12%.

From their website

INVESTMENT OBJECTIVE

The Company seeks to provide shareholders with a growing total annual dividend per share, as well as capital appreciation

Spectacularly failing in the second objective.

DYOR but would be very cautious being tempted by that yield as for years now it has come at the cost of capital.

[scruff1] 31/10/2023 06:57

Worst of Chinese property crisis over according to HSBC

[superiorshares] 28/10/2023 20:44

Will Xi take this opportunity to consume Taiwan ?

SS

[superiorshares] 28/10/2023 17:13

Its official.

ISRAEL HAS INVADED GAZA !
expect steep falls in the markets in the coming weeks .

SS

[superiorshares] 26/10/2023 22:21

Don't fight the Fed

DON'T FIGHT SS

[skinny] 26/10/2023 14:34

STAN still 10% on the day after a small recovery, HSBA almost flat now.

[tim 3] 26/10/2023 12:39

Fair enough and good luck to you.My thoughts are whatever they are doing to keep growing the dividend is having a negative effect on the share price hence why I sold.

[aleman] 26/10/2023 12:25

The discount of around 7% is the biggest for at least 5 years, except extremely briefly during Covid. Can't find older data.

[veryniceperson] 26/10/2023 10:42

Tim, my glass is half full. If they cut the dividend, it should still be a decent rate of return. A the moment the world is topsy-turvy. Time will tell, always does fingers crossed.

[tim 3] 26/10/2023 10:13

And thats a big red flag to me!

[gateside] 26/10/2023 09:57

Almost a 12% yield now!

[tim 3] 26/10/2023 09:39

6.1p ex div and down 8.5.

Be surprised if it doesn't drift lower next few weeks with it being ex.

Paying for your dividend out of capital.