Henderson Far East Income Share Discussion Threads

[kiwi2007] 19/10/2023 10:54

SS you may have missed this?



China’s economy grows faster than expected as retail sales rise
Government stimulus gains some traction in third quarter

[2sporrans] 18/10/2023 11:10

The discount to NAV is finally widening substantially; this exacerbates the share price underperformance v peers.

The share price fell 4.3% more than the NAV over 2023, up to end Sept.
Since then i make it fully 2% further relative decline; over 6% of relative decline in all.

The discount to NAV was 4.4% at yesterday close; there was a premium of between 2 and 3% during Q1 this year.

Looking at the discounts on peer trusts that are performing a lot less badly, they are typically a good 10% wider than that now for HFEL.
This does not auger well.

Then again, suppose that if there is a rally AND the HFEL NAV outperforms peers, it is conceivable the discount will actually narrow and the share price therefore outperform too.
Not my expectation.

Not reducing my holding further att; the dividends will continue to be invested elsewhere.
Next xd 26th Oct.

[scruff1] 18/10/2023 08:49

If its like the last one it wont be bouncing back either - far from it. The divi is becoming expensive !

[superiorshares] 18/10/2023 03:24

That dividend payment will be consumed in the share price falling in quick Order
SS

[bluemango] 17/10/2023 09:16

Yes, dividend maintained at 6.10p, paid next month.

[fabius1] 05/10/2023 12:11

Interesting that Henderson are merging HHI and HDIV. Wonder whether they might be mulling changes to HFEL.

[tim 3] 01/10/2023 12:34

The figures speed posted DO include dividend reinvestment as they are the same as trustnets which clearly state includes dividend reinvestment.

In my opinion its fairly obvious they are chasing dividends at the expense of capital.Or to put it another way you are indirectly paying for your dividend from capital.

[superiorshares] 01/10/2023 10:53

Ale man
" you would expect HFEL to underperform a bit though "
A share price that has dropped from £3 odd to £2.20 you shouldn't need to expect anything, it's already done it !

[aleman] 28/9/2023 08:07

It's not dividends reinvested total return.

I would expect HFEL to underperform a bit though. If it is enhancing income with dividend scalping, excessive trading will lead to higher expenses than others. It would probably add 1% per year to costs, or something like that.

[superiorshares] 27/9/2023 20:37

Do you Investor types genuinely belive Asian companies are going to maintain their dividend over the next 12- 18 months ???

[speedsgh] 27/9/2023 19:42

Surely share price total return includes dividends distributed (hence 'total return'). If you were to exclude dividends, the share price return would be even worse.

[aleman] 27/9/2023 18:29

If it has a policy of paying out the biggest dividend, why would would you expect it not to underperform on capital, and why would you throw out the managers for carrying out their stated aim?

[speedsgh] 27/9/2023 17:51

HFEL is by far the worst performing of all its peers in its AIC sector (Asia Pacific Equity Income).



Share price total return: 1yr -13%, 5yr -11%, 10yr +33%

Shouldn't the board be thinking about a change of investment manager?

[pvb] 27/9/2023 16:24

...Got any interesting investor comment to offer us, Ss? Or nothing more than your tedious right-wing nonsense?

[superiorshares] 24/9/2023 20:52

I see the Chinese are ramping up their activity in the Chinese straight.
I wonder if that's because slow Joe has given long range missiles to Ukraine ?
Listening to the Left Wing extremists on the BBC and CNBC there is no need for these missiles because the Lefties are already victorius?
The Russian army is decimated and their country in ruins .
The Leftie lives in a Wonky not for real World.
Will China take Taiwan imminently, due to slow Joe's attempts to take the attention off the Lefties staggering debt and sinking economy ?

[superiorshares] 19/9/2023 17:15

Large Chinese Property company Sunac has filed for bankruptcy.

[superiorshares] 18/9/2023 17:59

According to Sky News , the Chinese Police have been arresting employees of Evergrande for criminal activity .

[superiorshares] 18/9/2023 07:39

Tim 3
Your only allowed to make positive comments on here .
Even if the outlook is totally dire!
You must not mess with these Investors they are in the know

[tim 3] 17/9/2023 23:03

I sold a month or so ago.The net dividend of the shares it owns is less than the dividend payed they make up the difference in other way's including selling options which is all well and good provided it does not affect capital value but in their case it looks to me like it does.They have fallen a hell of a lot though so could get a decent bounce or even a change of trend but still looks weak to me.

[steve c1] 17/9/2023 19:39

Just come across this again after selling a few years ago due to dire performance which has continued but the dividend is enticing. Can anyone give any insights into performance or is it just for dividends? Is the dividend safe?