In case you missed our webinar with Henderson Far East Income Limited (HFEL), the recording can be found on our YouTube channel: |
Thanks Skinny. I make the current premium about 4%. |
NAV ps fell again here, in what was reported yesterday. Will be looking for today's RNS later on. There's a limit to the premium that the share price can take. It seems to have materially retraced from the discount we were seeing just a few months back. |
Could well be! |
Other chinese trusts have retreated since their recent highs. High china allocation could be the reason? Just guesswork really. |
Yet NAV ps (here) seems to be in retreat, yet again? It's a bit of a conundrum!
Thanks all for your interesting posts and links above. |
Phillipines saw big jump in imports and exports in April - 12.6% and 26.4%
Asia seems to be almost booming now. |
Malaysian industrial production of +6.1% adds to the general feeling of a strong recovery under way in Asia. |
Share Soc interview 5th June. |
They keep telling us how badly China is doing yet its services PMI rose to 54.0 from 52.5. New business rose again to around 56, above the long run average of around 53. |
NAV performance has been disappointing over the last month or so Now trading at quite a premium and I'm minded to trim a few |
Strong manufacturing PMI for China: |
First bought into this in May 2017. Have added on 35 separate occasions since. Highest price paid £3.70, lowest price paid £2.13. Tomorrow, all being well, once my dividend is banked I'll be at break even.
Not my best investment! |
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: |
Well chart wise it certainly looks considerably better than it did last year!To be honest if you are getting around 10% yield then as long as you are not losing capital ( important point!) then any capital gains are a bonus. |
It wasn't so long ago they were pivoting away from China and more towards India New manager though .... |
Yes the commentary says they've added two Chinese banks and a Property Company. Hmm!! Fair enough, they're the experts |
added a few more yesterday at 10.22% yield (based on 24.4p per annum div). Thanks for all posts above, mostly helpful. |
Until about a year ago HFEL traded fairly regularly at a premium. The only other IT I currently own that trades at a premium is BIPS. I guess in both cases the price is to some extent predicated on the expectation of falling interest rates and an attractive yield. |
The problem for me is that it's a bit of an outlier at the moment. Most investment trust, in fact 90% + are trading at a discount to NAV. For some reason this is out of line. Probably due a pull back imo. If I was a buyer I'd wait. |
The problem for me with that metric is that the 14.3% PRC excludes Hong Kong,which for me is an artificial distinction, and that adds another 11.0%. |
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