Henderson Far East Income Share Discussion Threads

[pottsypotts] 04/3/2003 21:53

Jimcar read the above messages with interest ,was wondering are the i.t's you mentioned listed on this website or are you researching them elsewhere?

[jimcar] 04/3/2003 21:20

Tony

I agree with your basic points and have been shifting more of my investments to the far east. I am however looking at investment trusts with large discounts to NAV as these usually narrow over time (it did with HFE).

Are you looking at UK quoted shares with large pacific exposure?

[ajrice] 04/3/2003 17:37

>>>JIMCAR - the premium to NAV at today's closing price is 5.3% which I don't think is at all unreasonable. With Far Eastern markets doing so relatively well, I would be concerned if HFE was trading at a discount to NAV.
When (not if imo) the recovery comes, I believe F.E. markets will continue to outperform.
The problems with the UK econony and the general European economies are that they are, in the main, not competitive. This is due to a large degree to the ridiculous company regulations involving health & safety, maximum number of hours that can be worked, minimum holidays, minimum wages, not to mention the enormous amounts of red tape paperwork that managers are forced to carry out.
Until we get out of this "nanny state" attitude, other markets,notably S.E. Asia
will benefit.
I do not prescribe to the sort of free for all that drives many companies in the east but I do believe that Europe has gone totally over the top and until this stops, I think you will find that investment trusts like HFE will flourish.
I agree with you, finally, I also would not and don't intend to put all my eggs in one basket but for me the bias for the foreseeable future has to be on investment in the Far East.
Best of luck,
Tony.

[jimcar] 03/3/2003 15:41

Have held these for a few years now and agree about the income. The only things that bother me, a little, for the long term are the premium to NAV and the element of fashion. When I bought in circa 1999 they were out of favour and trading at a big discount to NAV, everyone wanted growth and not in SE Asia. What will happen if the recovery comes and income and SE Asia fall out of fashion? Happy to hold at the moment though. BTW ajrice I wouldn't put all my eggs in one basket.

[ajrice] 03/3/2003 15:18

Hi Mike,
Thanks for yours today; so far today 17k bought against 10k sold.
A few of my second line shares (typically those recommended by tipsters with whom, by the way, I no longer subscribe) are looking very weak and it is those where I really should consider cutting my losses. I suppose, like most others, I hate turning a paper loss into a real one! I'm going to have to bite the bullet though and part finance a 2 X £7k ISA purchase (wife and self) for the '03/'04 financial year.
What I particularly like about HFE is their very low gearing (
I would normally agree not to put most (if not all) eggs in one basket but I believe there is already sufficient diversity in a well run investment trust such as Henderson's.
These guys have proved over the years their worth and I don't believe anything has changed or is about to, to alter that situation.
So, I'm happy to hold for the long term and add to my holding as and when a tax free investment opportunity arises, i.e. 5th April.
As always, everything said here is in my honest opinion; do your own research etc.
I'll let you know what I eventually decide to do. Keep in touch.
Best of luck,
Tony.

[cashflow101] 03/3/2003 11:28

Hi AJ,nice to talk to you. Yup,looks like someone bought 5K this am. I don't have as many as you,have some dating back a while at about £1+,also bought and sold a few over last year or so,selling them at 155 aprox. Currently got some more at 136,so now thats in profit too.

Only have one disaster,viz gone bust (a split) plus ofcourse,alot of my "blue chips" are pretty sick looking at the moment.I don't know about selling every thing else and buying more of this,eggs in one basket etc?

I saw a news item on CNN last week,about Sky City (NZ) which used to be in HFE's top ten holdings. So I don't know if they just took profits,or sold the lot,(no longer in their top 10)but Sky reported profits up 39%(if I recall right). Hopefully by the time you read this,someone else will have bought a few K more !! All the best, Mike.

[ajrice] 03/3/2003 10:16

Healthy price increases again this morning!

[ajrice] 26/2/2003 17:58

>>>>cashflow101 =- great not to be talking to myself anymore!! Welcome!
HFE up another 0.75p today to 143.25p.
I bought my wife and myself 2 X £7,000 ISA's in June 1999 at a price of 129p.
Considering the general fall in the market since then, this has been a success story both in growth and good solid quarterly income. The rest of my portfolio is very sad in comparison. I still believe, long term, the Far East will outperform other markets. I have been inclined to sell all my other holdings and transfer into HFE. Being retired, the tax free income is particularly welcome; I will seriously consider another £14k in an HFE ISA for the '03/'04 tax year.
Any views?
As always, all this in my opinion; dyor etc etc. Best of luck to you too!!
P.S. Because I'm not used to company on this b.b., I only looked today to find your message.

[cashflow101] 19/2/2003 11:22

Hello ajrice,hell of a lot of cobwebs in here,I'll just go and fetch me Hoover !!! Yup,good solid stock,only reason I looked on here today,was seeing it was down .5p,wondered if it had gone ex or something,think not..........

Been holding these a year or two now,taken some profits in the past,recently bought some more. Goodluck !

[ajrice] 25/1/2003 11:41

I'm still here in solitary confinement, enjoying my own company, i.e. myself and HFE, whose performance goes from strength to strength. I continue to hold; dyor etc. Good luck to all holders of HFE and maybe I'll "speak" to one of you some day!

[ajrice] 08/1/2003 17:55

I'm beginning to believe that the fewer bulletins on any given board, the less day trading and the better consistent growth and income; so I'm very happy to be here "talking" to myself about, in my opinion, such a great long term investment such as HFE. However, I hold, and have done, for long term income and growth. I have always done my own research and would advise anyone out there reading this to do the same!

[ajrice] 30/11/2002 11:56

Notice from this month's personal finance that among all investment trusts in the "Far East excluding Japan" sector, HFE is the best performing fund over the last year and over ten years. All this, a high yield and it's share price is a shade under it's nett asset value.

[ajrice] 17/10/2002 14:25

For medium and long term growth and a high level of income HFE takes some beating IMO DYOR etc; however believe this I.T. deserves some discussion. Would welcome others comments.