Henderson Diversified In... Share Discussion Threads

[cc2014] 23/7/2021 13:33

NAV makes 93p and the discount to NAV reaches 8% which is the lowest it's ever been in the last 10 years apart from the Covid sell-off and the John Baron sell.

[panshanger1] 06/7/2021 09:13

Thanks CC2014 also watching here and appreciate your comments

[jonwig] 06/7/2021 07:59

CC2014 - no, you have some readers!!

[cc2014] 05/7/2021 14:16

Only me here talking to myself so that's good news as I can get as overly optimstic as I like! Since the large buyback went through the trade flow suggests to me that either the big seller had only a few left and is now in no hurry and happy to drip them in slowly and get a better price or we are working through some stock that the MM's have left which they took on their own books. I think probably the latter as the big seller was in such a hurry before.

[cc2014] 30/6/2021 14:57

Notification is given that, pursuant to the authority granted at the Annual General Meeting of the Company held on 15 September 2020 to make market purchases of the Company's own shares of 1p, a market purchase of 1,210,000 ordinary shares in the capital of the Company was made today at a price of 85.00p per share. The shares will be cancelled. Maybe this will break the back of whoever has been selling.

[rbcrbc] 14/6/2021 11:52

I thought they were supposed to buy in the market if the discount fell below 5% ???

[cc2014] 14/6/2021 10:18

Added this morning at 84.46p. NAV is 91.9p as of Thursday night and is sure to be up on Friday too. Share price seems a bit low to me.

[rbcrbc] 31/5/2021 18:10

Thanks jonwig, my broker HL no longer accepts transfers in to a of certified stocks (due to covid they claim) !

[jonwig] 31/5/2021 14:36

You used to be able to walk into a bank and sell them. No longer, I think. Open an online account with a broker. Then, rather than sell the cert (expensive), complete a transfer form and send off your cert (tracked mail!) so that your holding goes into your nominee account. Then sell them from there. A lot cheaper, and probably quicker.

[rbcrbc] 31/5/2021 14:08

Hmm, I want to sell some certified shares in this. Computershare won't do telephone or internet dealing in this stock ! Any ideas how best to go about this easily ? I'm not especially interest in saving a few extra quid by jumping through hoops. Just a fast and easy way to sell. TIA

[cc2014] 30/4/2021 10:06

Struggling to wait patiently now. I really want 90p to sell a few. Perhaps I'd even take 89.5p but despite the constant flow of buys at 88.9p every so often someone drops quite a few into the market at 87.x and we start all over again. My sense is the buyers will go on forever but this seller does seem to have a few.

[cc2014] 09/4/2021 11:24

It's become clear to me that someone must have sold a huge quantity of these which the market makers have on their books and are slowly shifting. My rationale for this is that the vast majority of trades are buys over the last 10 days (even those reported as sells) and that slowly as the market maker is reducing their exposure the actual price paid is rising. I'll wait patiently. I have alot of these and whilst I really like them and I'll be holding most of them long term, I'd really like to sell about 25% of my holding at 90p

[essentialinvestor] 06/4/2021 14:41

Picked up another 10k at 82.8. If I have this right HDIV looks cheap nearly 9% below NAV may provide and at least a partial hedge against future equity weakness. Any Equity weakness looks a far away and distant land atm!.

[essentialinvestor] 06/4/2021 14:39

As at close of business on 1 April 2021, the unaudited net asset value per share, calculated in accordance with the AIC formula (including current financial year revenue items), was 91.2p. As at close of business on 1 April 2021, the unaudited net asset value per share (excluding current financial year revenue items) was 90.2p.

[cc2014] 26/3/2021 16:12

I'm getting the feeling someone is doing some portfolio realignment for quarter/year end.

[essentialinvestor] 25/3/2021 12:51

CC, if you taper just some the extraordinary stimulus, how strong is end demand?. Appreciate CB's will remain highly supportive etc, My gut call is end demand expectations may be on the high side. Think what we have atm is a sugar rush high, at least to some extent.

[cc2014] 25/3/2021 12:35

I'll give you a different take EI. Looking at how fast the FTSE has sold off today is telling me investors will be piling into debt soon enough as a safe place to put their money. There does seem to be a seller on HDIV but I can't grumble about that since I've bought some of his shares. As for where interest rates are going I think inflation is going to pick up far faster than most expect. However, the central banks will be ever so reluctant to raise rates even in the face of it. Even it's a sticky stagflation they will just keep arguing it's temporary and not raise rates. Sure they may raise them from 0.1% to 0.25% just to put us on notice of what's coming but that will be about it. Very happy to hold this one in the current circumstances.

[essentialinvestor] 25/3/2021 11:21

My understanding is HDIV operate in the short duration end of fixed income. Take their NAV 5 or 6 months ago, before the recent bond market yield adjustments, HDIV NAV is only very approx 2/3% lower. So it's a marginal change and one that has been more than compensated for by an ability to now buy HDIV at a significant discount to net asset value. My personal view as mentioned recently on the SHA board, is forward inflation expectations are being overestimated, consensus is incorrect imv and interestingly this week has seen the first signs of bond markets perhaps waking up to this.

[essentialinvestor] 24/3/2021 11:58

Given HDIV's stellar longer term record, current NAV discount looks interesting.

[cc2014] 24/3/2021 10:22

After the John Baron news to sell NCYF and HDIV, NCYF has now nearly recovered the drop completely. HDIV hasn't. I've just added a few although these I will be happy to flip around 88-90p. The rest I'll keep.

[essentialinvestor] 10/3/2021 11:15

Added near the open.