Ex div tomorrow |
panshanger
now on a premium of ~2%.
sp risen to 234p; NAV declined a little further to 226p.
decided, this am, to sell ~45% of my holding; the above being the immediate spur.
tbh, i remain skeptical that Sat [Durha] is going to do much to improve the relative performance of the fund, which in Total Return terms has been abysmal over any timeframe of a year or more since the pandemic collapse, early 2020.
trade was lucky enough to coincide with a bit of a dip in AAIF; so i reallocated 90+% of the HFEL proceeds into that.
AAIF also goes XD tomorrow.
A mere 5.7% yield but the divi has been rising much faster than HFEL's and far better TR.
Plus, its on about 11% discount to NAV.
Still have over £45k in HFEL.
See how it goes over the next year, especially relative to peers. |
Looking better here finally. Let's hope it lasts!
Do worry abit about that 10%+ dividend but if the share price rises that falls abit and might not put some investors off. |
NAV was up to 234 but dropped back somewhat Still a much better trend here |
Yes I saw that discount closed again now |
Well, 'only' 10.8% if you calculate using the offer price, but yes - excellent yield.
And for chart enthusiasts, on the lower trendline of the uptrend. |
So this is yielding just over 11%. |
Good, dividend declared sticking to new quarterly level 6.10p, payable 31st May. |
The problem is going to be housing.
I understood China has allowed excess capacity to be built, 30 years of it!
This will Impact on the whole region for decades.
TRUMP2024
SS |
Philippines exports +15.7% in Feb from +9.1% in Jan and -0.5% in Dec. Most of 2023 was negative. So the Philippines are late to the party but joining a growing number of Asian countries that seem to be booming. Asia Development bank has just reiterated growth of 6.0% this year abd 6.2% next for Vietnam, after 5.05% in 2023. |
njb678 Apr '24 - 14:12 - 1889 of 1891
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Thanks. |
TSMC news might have helped here a little?
Certainly won't hurt. |
Yes, I would agree with all of that @njb67 |
Within Asia Pacific, I mainly hold AAIF. Share price and NAV have beaten benchmark over 1, 3 and 5 years. Pays 5.7% yield and has increased dividend for last fifteen years.
HFEL dividend is imv more a sign of poor management over recent years than a reflection on the health of the underlying business. HFEL appear to have chased annual dividend increases to the detriment of total share price and NAV return. Recent acknowledgment of this issue and a commitment to change approach have brought me back to HFEL. I have for now a small position and will wait and see if overall performance improves. I would prefer to see the dividend consistently fully covered by income, even if this means a reset of the dividend to something more sustainable. A 7% yield would still be sector leading. |
All good points. I notice it holds slightly less of the Taiwan Semiconductor and slightly more Australian mining; also some VOF. Of course one can also buy many of these discretely.
Taiwan Semiconductor Manufacturing Co Ltd ADR 4.3
Macquarie Korea Infrastructure Ord 4.0
Samsung Electronics Co Ltd Participating Preferred 3.6
VinaCapital Vietnam Opp Fund Ord 3.4
BHP Group Ltd 3.2
Samsonite International SA 2.9
MediaTek Inc 2.9
Rio Tinto Ltd 2.8
Macquarie Group Ltd 2.7
Lenovo Group Ltd 2.6 |
Likewise my only exposure to this sector has been/continues to be HFEL. Have had a decent income since first bought in 2018 but if I'm honest the total return has been a bit of a disaster. If I were selling today, it looks like I would have been better off in one of the others. But I'm not planning on selling. If i were to add further to the sector, I would definitely buy one of the others based on a) risk diversification; b) relative past performance over 5-10 years. |
Thanks speedgh, yes I'm aware of the excellent AIC site; my request was more towards specific recommendations based on investors' experience and thoughts on how best to ride what appears to be a new geographical bull market. I've been been in HFEL for years one way or another and it seems like a very good default. Perhaps there is no better, though the high dividend might make it less nimble.
But I will certainly check through these other ideas. |
@Brucie5 see here - |
Consolidation at 2.20 with next target £3. While paying 10% dividend.
Any other recommendations for similar ITs in this space..? |
Pretty much what I said above: |
I'm bullish on Asia, where several stockmarkets look to have been motoring for a while. Less sure about China specifically.
Nice jump in NAV to 234.6p. |
Aleman, are you now bullish on China? The chart of JGCI looks interesting, but I thought China was a basket case c/o Evergrande and Taiwan. Happy to be told different?
In the meantime this looks very good indeed, though we had false chart reversal EOY 2022.
JCGI is now a quarter of its 2020 peak; HFEL by a marginally smaller percentage but with the stonking dividend apparently in tact. |
3rd consecutive month of strong Chinese industrial output bodes well for Asia (though a few Asian countries already seemed to be on the road to a good recovery before this). |
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