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| Share Name | Share Symbol | Market | Stock Type |
|---|---|---|---|
| Henderson Far East Income Limited | HFEL | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
|
|
|---|---|---|---|---|
| -2.50 | -1.09% | 226.00 | 16:35:07 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
|---|---|---|---|---|
| 226.00 | 225.00 | 227.00 | 226.00 | 228.50 |
| Industry Sector |
|---|
| EQUITY INVESTMENT INSTRUMENTS |
| Top Posts |
|---|
Posted at 03/9/2024 09:37 by fordtin Mostly disagree. Those of us who rely on dividends as a part of our retirement income would have an ever diminishing income if we had to sell shares to subsidise a dividend cut.Slashing the dividend because woeful share price performance has artificially inflated the yield, results in a double whammy for anyone who has trusted the management and has ridden the storm through market down-turns. The current dividend yield for anyone holding shares for 5 years, is only ~7%. Slashing that ~7% would be a huge red flag pointing to extremely poor and untrustworthy management. I’ve unfortunately owned shares in several companies which have slashed their dividends. The inevitably poor share price performance post divi cut has taught me to take the loss and move on as soon as possible. If HFEL lose the trust of passive long-term investors, it’s unlikely they’ll ever trade at a premium again, as they’ll probably become just another traders’ plaything being churned over at a very large discount to NAV. |
Posted at 02/9/2024 07:11 by njb67 The 12 month rolling NAV total return (increase in the underlying value of the company with dividends reinvested) is currently showing 10.3% versus the 10.6% dividend.The last twelve months NAV total return performance puts HEFL 4th out of 7 ITs in the sector, versus 6th over three years and 7th over five years. So trending in the right direction. HFEL is currently the only IT whose share price is at a premium to NAV, so while there is understandable scepticism over the dividend, it is not putting all investors off. One of my (small)holding which I am watching very closely to see if management deliver on their promise to improve total shareholder returns. I agree with others who have posted that reducing annual dividends to support NAV growth could be a sensible option, albeit my sense is that management will not want to lose their Dividend Hero status. |
Posted at 01/9/2024 10:29 by makinbuks tim, you're right, they say they are addressing it, yet don't cut the dividend. As carpingtris implies the level of yield is not treated as credible so they might as well rebase it. 6% of NAV would be a stunning and attractive yield in a falling rate environment. Personally I like the covered options approach. I think its a differentiator. But look the bottom line is a western investor goes to the far east for diversification. He expects more volatility but ultimately a higher return than from Western markets. That's realistically 8 - 10% annually irrespective of whether its in dividends or capital growth. The plain fact is they haven't been achieving thatso they need to revise their approach |
Posted at 31/8/2024 19:23 by carpingtris I wonder if some folk are scared off because of the high yield? I'd be happy if they adjusted it slightly.. also perhaps lower there fee's might help pull in more investors? |
Posted at 19/8/2024 14:55 by makinbuks Share buy backs are a positive for a corporate who has genuine surplus capital and seeks to return it to investors. For an investment trust buying your own shares might support the price and manage the discount, but lets be honest its a sign of weakness. Lack of demand for the shares, lack of confidence in the manager. So tapping the market when there is a premium is a real show of confidence for an investment trust. There is more demand for the shares than available in the market, there is confidence in the manager and the process is positive for existing holders. So lets celebrate this ongoing market tap, long may it continue |
Posted at 22/7/2024 09:47 by scruff1 Investors not exactly falling over themselves for the divi on Thursday when the share price will drop by 6.5p |
Posted at 29/5/2024 14:35 by sharesoc ShareSoc is hosting a webinar with #Henderson Far East Income Limited(HFEL) on 05/6/24 at 5pm, which may be of interest to current shareholders or potential investors. Sat Duhra (Portfolio Manager) will be presenting. You can register here: |
Posted at 03/5/2024 11:24 by aleman We have modified our options strategy to focus largely on writing call options with much less emphasis on writing put options. We feel this will reduce the risk profile of the strategy and has helped to increase income by using smaller positions over a wider number of underlying holdings.The old strategy used to be to enhance income with writing call options - effectively foregoing some capital gain in a strong market in exchange for extra income up front. It works well in a flat market. Puts were not written much, if at all in, the "old days". I wonder if they got greedy, wrote loads of puts and that then exacerbated a falling market - either having to buy falling shares off others at over the market price or having to buy back the puts they had written in the market to close out the position. Now they tell us there has been a more than doubling of call writing. So if the market rebounds sharply, as a few Asian countires might, partcularly China, then we will probably underform in those areas again. This carry on with options writing to enhance income is ok so long as investors understand what they are buying into. It has been a large chunk of income for a long time to cover the dividend. Now it looks like its not even covering the dividend. I'd suggest it is not being explained well enough. |
Posted at 24/4/2024 16:03 by kenmitch Thanks for the good wishes Hastings. Not well but hopefully getting there.Fair point about HFEL share price performance being enhanced by reduced discount. NAV is up around 10% from the low though, so definite hints of improvement. There are STILL so many shares and Investment Trusts paying huge and often sustainable dividends, reflecting the undervaluation of a lot of UK shares. E.g just today Serica surprised by paying a 14p final (7% just for that 1 dividend) and the overall dividend is 11.5% and higher than last year. Here’s a bit of info for those keen on seeing dividend cuts and more buybacks. Our portfolios have now reached the stage where all new investments can be paid for from the dividend income month after month. AND it means the portfolios now fund themselves too. And right now is still a good time to build a portfolio of shares and Trusts paying exceptionally high and sustainable dividends. It’s only when the dividends flow in like the current 10.4% HFEL yield, that we investors seem to realise what a bonus they are. |
Posted at 24/4/2024 13:13 by 2sporrans kenmitchyou have to factor in that that 12% share price uplift was accompanied by a shift [mostly the past few weeks] from 4% discount to 2% premium; therefore just a 6% rise in NAV over those 6 months. Some investors pay close attention to the NAV performance. On the +ve side, you could argue that HFEL is yielding about twice what av. of peers payout; so maybe, as much as 3% EXTRA yield over 6 months, had one bought at last autumn lows. [HFEL yielded ~12% at its October nadir.] Taking your 12% cap. gain and adding 6% for 2 divvis makes a TR of 18%, from the nadir. It will be interesting to see how close to 6p the share price drops at tomorrow open; moreso if the premium fades over the next week or 3. Perhaps it will......maybe it won't. |
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