Henderson Far East Income Share Discussion Threads

[panshanger1] 24/4/2021 06:40

I thought so tooCovered dividend - I am inclined to add on any pullback although I have a sizeable holding already !GLA

[novision] 23/4/2021 23:51

from the report

.....The outlook for dividends in the region remains compelling. The consensus expects 'mid-teens' dividend growth, but from what we have seen in the results for the first three months of the year, this number may prove to be conservative especially considering that earnings growth is forecast to be much higher. Analysts in the region tend to be slower to raise dividend forecasts than earnings forecasts, but as more companies announce results and surprise with dividends either being reinstated or dividend pay-out ratios increasing, we expect these forecasts to rise. The backdrop for higher dividends is firmly in place with companies generating excess cash, having little or no debt and paying out a lower percentage of their net profits as dividends than their developed market peers.

Positive for those after income hopefully

[gateside] 23/4/2021 07:06

Half year results issued this morning.

[jfinvestments] 13/4/2021 19:11

Probably trying to keep the premium up and not letting it fall below a certain price?

[melton john] 13/4/2021 12:05

As I'm new to this share, I thought I'd check on director trades for the last 12 months.
Feb 17,2021 N.George----BUY-6,250--@ 333.94p £20,871 n/a
Feb 1,2021 T.Clissold---BUY-5,000--@ 324.20p £16,210 n/a
Nov 19,2020 T.Clissold--BUY-10,000-@ 314.16p £31,416 n/a
Mar 19,2020 J.B.Russell-BUY-10,000-@ 244.76p £24,476 n/a

[rik shaw] 11/4/2021 10:11

It makes sense as issuing at a premium to NAV enhances the net asset value for existing shareholders and enables the costs of the Company to be spread over a wider investor base. £37.5m issued by HFEL in previous FY.

[exel] 11/4/2021 09:27

So, HFEL & JAGI have each done 3 equity raises in the past week. Guessing both Boards think this is a good time to be tapping the market. circa £1.40m HFEL and £1.42m JAGI.

[aleman] 24/1/2021 13:33

Last few days are showing a better trend so maybe they are getting it under control.

[speedsgh] 21/1/2021 15:44

Dividend Declaration -

The directors have declared the first interim dividend of 5.80p (five point eight zero pence) per ordinary share in respect of the year ending 31 August 2021. The dividend will be paid on 26 February 2021 to shareholders on the register on 29 January 2021 (the record date). The shares will be quoted ex-dividend on 28 January 2021.

[aleman] 19/1/2021 09:52

Tread carefully here.

More infectious strains seem harder to control and are getting into countries in Asia that have held out so far. 29 million are now under lockdown in China and it still seems to be spreading, though not as quickly. (Note that they only record symptomatic cases in their numbers while usually finding more than half asymptomatic and sometimes as high as 90%.)



The Kent strain is being found in Japan.

[panshanger1] 04/12/2020 09:48

What has been particularly impressive here was the size of the dividend. Still around 7%Doesn't often trade below NAV but if it does grab a few. DYOR GLA

[carpingtris] 04/12/2020 08:33

Edison issues review on Henderson Far East Income (HFEL)

Henderson Far East Income (HFEL) has experienced a tough period of capital performance as market participants have focused ever more on growth and momentum rather than cash flows and dividends. However, in a year where the majority of investment trusts have needed to dip into reserves to avoid cutting their dividends, HFEL stands out in that it not only delivered year-on-year dividend growth of 2.7% for FY20, it fully funded its dividend from portfolio income and even made a small contribution to reserves to help underpin future dividend growth. Managers Mike Kerley and Sat Duhra remain convinced that market focus will return to value and yield factors, as seen in the quantitative easing era of 2011-13, given the 'even lower for even longer' interest rate outlook.

[carpingtris] 26/11/2020 20:48

It's happening across multiple boards..

[mister md] 26/11/2020 19:16

some disgruntled person ticking all messages down here ?

[carpingtris] 23/11/2020 10:29

Aleman - reserves haven't been used here is my understanding so even if Divi's have dropped globally hopefully it's temporary and if the reserves cover a year then after that maybe Divi payments globally start increasing again.

[aleman] 23/11/2020 09:49

UK dividend payments down 47% in Q3. Australia -40%. Global -14%. USA -4%. China +3%.

[tartshagger] 23/11/2020 08:21

Director buying (£30k) - usually a good sign. Yielding ~ 7.5%, substantial income reserves with some quality holdings, what's not to like? This may be due a re-rating :)

[mister md] 19/11/2020 09:32

Agreed. Added significantly to my holding yesterday, a great long term play

[panshanger1] 04/11/2020 21:51

Yielding nearly 8% and a covered dividend ( in fact reserves have increased ) during a global pandemic In a growing market ( Asia ) Nothing not to like here IMO B of E toying with negative rates too !!DYOR

[aleman] 04/11/2020 07:43

Dividend was covered and Revenue Reserves rose slightly to £26m compared to £32m annual dividends. Two large Chinese banks make up 5.1% of the portfolio and a Taiwan financial 2.0% so looks to have gone down a bit.

[2sporrans] 03/11/2020 07:59

The problem with that full holdings list is that it is old news.

The top 10 on the HFEL webpage is pretty much current; the full list on
the excel ss is end of July att.
Actually a month to the good v when i last looked at it a few days ago but
well behind the curve nontheless.

[2sporrans] 02/11/2020 11:00

Further to post above:

At 30Jun20 the top 3 holdings were in Chinese banks, ~4.3% weighting for each.
China Const. Bank one of them.

None of those 3 banks feature in the 'current' top 10 [10th rank BHP 2.7% weighting].
Can't find holdings info. deeper than top 10 beyond 30Jun20.
When find time will peruse monthly reports to find out how much and when those holdings were sold down.
Looks like a move into insurance and non-banking stuff within financials lately.