Henderson Far East Income Share Discussion Threads

[coxsmn] 14/1/2022 17:39

Whoever down ticks this post is a complete moron

[orinocor] 14/1/2022 14:22

yes you are right. Nav up to to 299.8p
Dividend announcement very soon.

[coxsmn] 14/1/2022 13:06

Looking good value here

[al101uk] 12/1/2022 10:54

Worked fine for me, you have to give an email address and agree to them spaming you, but a temporary address works fine.

They send a download link.

[rahosi] 12/1/2022 09:49

Goldpig, THANK YOU for the most useful link, but FYI that link must have been bespoke for you. The HH website is now reporting-

Something isn't quite right
The link you've clicked doesn't seem to be valid. If this is our fault, we're sorry. Please try again, and if you get this message again, let us know by emailing [e-mail] and we'll sort things out for you.

You have downloaded this title 5 times

If you need to download this title again, we just need you to get in touch by email to request another 5 downloads.
Please email [e-mail] and we'll sort things out for you.

[petewy] 11/1/2022 23:01

Excellent site KenMitch. Amassed a folder full of factsheets. No need now.

[kenmitch] 11/1/2022 21:21

I used to use Trustnet but now use aic which unlike Trustnet is only for Investment Trusts.

This link brings up every Investment Trust in alphabetical order:-



To narrow it down use the “sector” box to bring up the Trusts just in that sector.

[goldpiguk] 11/1/2022 21:08

Hi epo001,

The best starting point is the Investment Trust Handbook 2022. It is available in print and the ebook copy is free to download. Page 17 of the handbook gives you a comprehensive list of the best sources of information researching investment trusts. I use many of these in my research.

Link to Investment Trust Handbook with an option to buy or download free ebook.

h ttps://harriman-house.com/ithb2022

When shortlisting an investment trust for possible purchase I download the annual and interim reports and include them on my watchlist.

Goldpig

[epo001] 11/1/2022 17:49

@goldpiguk, useful set of posts on your IT holdings, thanks. I am in the process of pivoting my ISAs to be about 60% income oriented funds (by value) this year, Could you share some sources of research info and what your research process is please?

[rogerramjett] 07/1/2022 06:59

That for the response goldpig. My focus is income reinvestment. I'm not looking for growth at present. My return in terms of capital from Argo was considerable and any growth or high risk is now too high paced for me. I'm now in a tender position for my PQE holding. Hopefully this will complete and the capital goes straight back into quarterly or monthly paying ITs.

I love your approach. Well thought out and is working for you by the looks of it. Yes, there are some big winners but chasing these is far too stressful.

[goldpiguk] 06/1/2022 22:41

Hi rogerramjett,

I just took a look at the Argo Blockchain chart, which is stunning in both directions. A speculative share that must have made some holders very wealthy and left others badly out of pocket, on paper at least. You seem to have timed your buys/sells to perfection.

Regarding my ISA, I am not taking any income, but reinvesting the dividends. I have included total income since purchase for each of my ISA ITs, in part because I am expanding the range of ITs I am researching, (income v growth). It's very early days with this, so my next buy is still likely to be an income-orientated IT.

HFEL does not look great on a total return basis over the period I have held. With such a high yield HFEL is limited in the choice of companies it can invest in. If the Asia Pacific is still primarily about growth an IT more focused on growth should provide a much higher total return on investment over a five-year period.

Goldpig

[rogerramjett] 06/1/2022 19:08

Goldpig. I may have missed this in your posts but I wondered what you do with the dividends ? Do you reinvest ?

I had a similar situation last year with Argo Blockchain. Gaining 5000% on the majority of my stock. This has all been reinvested in bluechip and more recently in to ITs. My strategy is dividend reinvestment until I'm at least 50 in 5 years time.

My ITs are HFEL, NESF, GSF, GCP and SMIF. Looking for dividends over 6% and not worried so much about growth. I still own around 8 bluechip which have been up and down around 3% in wither directio from my average but the dividend is seeing this as an overall gain although not double digits percentage wise it is still better than the bank and is all tax free ISA. I'm pulling away from AIM and high risk stocks and moving towards steady income. Interesting to read your post and strategy in regards to ITs.

[brwo349] 04/1/2022 15:10

The NAV is down to 293.6p


4 January 2022

HENDERSON FAR EAST INCOME LIMITED

As at close of business on 31 December 2021, the unaudited net asset value per share, calculated in accordance with the AIC formula (including current financial year revenue items), was 293.6p.

As at close of business on 31 December 2021, the unaudited net asset value per share (excluding current financial year revenue items) was 289.0p.

[goldpiguk] 02/1/2022 11:54

Hi scruff1,

Seven years ago I used to treat my ISA as 'fun' money. It was the gambling section of my portfolio and a huge part of my life. I was hooked on the soap opera side of 'investing'. With companies like VOG there was/is always a great 'story'.

I have just looked back on my past posts on the VOG board and rediscovered I had become very unpopular. One of my posts was removed by whoever controlled the board as they did not approve of my comments. I subsequently deleted my posts on that board, apart from my goodbye - with golden handshake post. (I must have been quite wound up.)

Although I might in the future buy a speculative share I will never again put serious amounts of money into one. It is not investing, but gambling. I regard crypto in the same light. It is amazing how easily people forget their gambling and perhaps an amusing and rather sad example can be found in the link below.

h ttps://techstory.in/man-loses-357-million-worth-bitcoins-with-lost-hard-drive/

I really enjoy researching investment trusts and looking for opportunities that might provide outperformance.

I suppose HFEL is my slightly 'gambling' IT. My heart tells me it could just produce a stellar performance in the months ahead, my head warns me the yield is a little bit too good to last. At least it gets the adrenaline flowing and we all need that!

Happy New Year

Goldpig

[scruff1] 02/1/2022 09:13

Goldpig
Just re read your post. I was a holder of VOG. I had gone from it by 2015 so dont know anything about it at that time - I seem to remember most of its interests had moved to Africa. I held at the time when it discovered I think it was gas in the West Med fields (its so long ago I can hardly remember but it was much before 2015). The price shot up from around 40p tp over £4.0. I cant remember what went wrong - whether the discovery was never confirmed or whether they ran into trouble with the Russian authorities - a bit of both I think. Whatever it was I was too dozy to get anything like you did in 2015. What was the reason for VOG providing your good fortune - presumanbly in Africa - did Foo finally do something right? :-)

[exel] 01/1/2022 11:37

Thanks Goldpig! Agreed scruff. Happier New Year all!

[scruff1] 01/1/2022 11:03

Goldpig
Thats an honest, thoughtful and interesting post. Thank you

[aleman] 30/12/2021 15:48

I can remember HFEL trading at a modest discount but it has not really done so for a few years (Click on "Performance"):

h ttps://www.trustnet.com/factsheets/t/j408/henderson-far-east-income-ltd

[tim 3] 30/12/2021 15:43

This has been my worst performer of 2021 by some considerable distance even with dividends.Here's to an improved performance next year!

[scrwal] 30/12/2021 14:52

HFEL has nearly always been on a premium.

[brwo349] 30/12/2021 12:17

30 December 2021

HENDERSON FAR EAST INCOME LIMITED

As at close of business on 29 December 2021, the unaudited net asset value per share, calculated in accordance with the AIC formula (including current financial year revenue items), was 295.3p.

As at close of business on 29 December 2021, the unaudited net asset value per share (excluding current financial year revenue items) was 290.9p



I'd like to buy this but not happy to pay a premium to nav. Buys going through at 300p.

[petewy] 18/12/2021 13:35

hxxps://www.edisongroup.com/publication/compelling-income-and-recovery-potential/30350

Excellent write up by Edison

[masurenguy] 13/12/2021 15:50

Follow on from the previous posts on this subject during October.



post #854: "Any invasion of Taiwan would require a considerable military build-up on the Chinese coast accross the strait and this would take time and be visible to the rest of the world. Invading accross a 100 mile strait would not be easy and Taiwan has a sophisticated military establishment that could inflict significant damage to any invading force. Attacking the Chinese fleet and sinking transport ships would take out large amounts of the ground invasion force and permanently degrade their amphibious capabilities. There will be a lot of sabre rattling but not much else."

China could invade by 2025, Taiwan fears

China could invade Taiwan by 2025 but it is not equipped to do so now, according to the latest assessment by the self-governed island’s defence ministry. In a report submitted to the island’s parliament for a budget review, the ministry said that China’s People’s Liberation Army did not yet have enough amphibious ships for a lightning invasion carried out in a single wave of landings, according to media in Taipei. “[Taiwan’s] military strongly defends ports and airports and they will not be easy to occupy in a short time. Landing operations will face extremely high risks,” the ministry said. It also said that the Chinese military had limited capacities in logistical support and that the island’s armed forces could disrupt its supply lines by harassing the transport ships and planes on which Beijing would rely to send ammunition, food and medicines to its troops across the more than 100-mile wide Taiwan Strait.

The ministry warned that by 2025 China would have improved its ability to control the waters. The Chinese military is rapidly modernising its navy, adding bigger and more powerful warships to its fleet. Any military action against Taiwan could precipitate a confrontation with the US. The US has a security agreement with the island to supply it with sufficient hardware and technology to deter any Chinese invasion. President Biden has indicated that the US is committed to defending the island. In China, experts at an annual forum hosted this past weekend by the Global Times, a party-run newspaper, argued that the country would have a better chance to “solve the Taiwan question” in three to five years when it had developed “overwhelming advantages” against the US in the region. President Tsai of Taiwan is overseeing a military modernisation programme to make the island harder to attack. Her government plans an extra NT$240 billion (£6.5 billion) over the next five years in military spending most of it on naval weapons, including missiles and warships.