Henderson Far East Income Share Discussion Threads

[gateside] 30/11/2023 17:47

I think you mean 11.6% yield

[skinny] 30/11/2023 17:40

Wrong thread .

[makinbuks] 30/11/2023 17:37

But surely the yield on NAV (forget premiums or discounts) is absurd for an equity income fund. Shouldn't a sensible re-basing be part of their more balanced recovery strategy?

[scruff1] 30/11/2023 17:25

kenmitch
Yep lot of agreement with that post but one things for sure if that divi cant be maintained theres gonna be a lot of heart tremors

[makinbuks] 30/11/2023 16:37

But they haven't said HOW they are going to achieve that. Nor have they adequately explained the NAV fall. Sound a bit like a magic wand to me

[kenmitch] 30/11/2023 16:05

I agree with all the criticism as performance has been terrible and it’s inexcusable that it’s been allowed to be the case for so long. Obvious thing to is to replace obviously incompetent Manager or even the whole team and it should have happened ages ago.

Where I disagree is on selling now just when AT LAST there’s acceptance that it’s gone so wrong along with first steps to rectify it. I should have sold ages ago but didn’t only because the dividend was the one saving grace.

Now could well be a very good buy opportunity for NAV and share price recovery. They clearly want to maintain the long record of annual dividend increases.IF they achieve that AIM then anyone buying or averaging down now will be locking in a double digit dividend yield paid quarterly, along with possibly decent capital gains too.

[tim 3] 30/11/2023 12:51

Yep more or less halved in the last few years and trading near all time lows.Well done old chap!

[speedsgh] 30/11/2023 12:33

Mike Kerley preparing to ride off into the sunset happy in the knowledge that he has done an excellent job and left HFEL in a strong position [note my irony]...

"We have worked closely with our Fund Managers to address our capital performance challenges and devise an effective path forward. As part of this process, we have agreed that now is the right time to pass the fund management leadership role to Sat Duhra. The Board has full confidence in Sat's ability to manage the portfolio going forward, and he has been part of a long-standing succession plan having been co-manager since 2019. Mike Kerley will be retiring from the asset management industry in June 2024 and will support Sat to ensure a smooth transition process. Mike has played a critical role in the Company's historical development and the Board would like to thank him for his many contributions over the years and wish him well in all his future endeavours."

[aleman] 30/11/2023 09:33

It seems a bit late to decide to go for India. This is a UK-listed Indian trust. It looks a bit frothy now after a good run. Had they put 10 or 20% here, we'd probably not be having any of this discussion.

[tim 3] 30/11/2023 09:10

"valuation tended to matter less, and our Fund Managers valuation-focused investment style has therefore been out of favour"Wasn't that what Woodford said!

[panshanger1] 30/11/2023 09:04

Dipping in to the reserves atm to support the dividend but think they will have to rebase at some point All the changes going on likely to give them that opportunity

[wskill] 30/11/2023 08:45

Poor indeed if they carry on with the nonsense writing options they will have no assets left,someone is profiting from this option writing and it’s not shareholders in HFEL .
Little wonder the Chairman is departing after this destruction of value.

[bluemango] 30/11/2023 08:45

Measures are in place to address the underperformance and hopefully we are over the worst.

Happy to stick with it.

[mister md] 30/11/2023 08:37

Results pretty poor. Yes the yield is 'brilliant' but not in the context of a 25% or so drop in shareprice this year.
Slight discount to NAV and I do quite like their top equity holdings though.
I will stick with it.

[riskvsreward] 30/11/2023 07:53

One of the most overrated fund. It has significantly under-performed the index over any time period of 1,3,5 and 10 years.

[garycook] 30/11/2023 07:29

£89M Loss for the year. Why would you want to invest in HFEL.Even with a 11% yield ?

[veryniceperson] 24/11/2023 08:10

It's Dividend Day, I believe. What are you going to spend yours on!Brought in a couple of months back first divi for me. Medium/long term is a very good bet, methinks. 10.75% yield is brilliant. Looking at the year high and lows, I think a recovery could be on the cards, medium/long term.

[scruff1] 23/11/2023 17:23

difficult to confirm

[panshanger1] 23/11/2023 11:23

As has been highlighted before an awful lot of churn with this fund

[skinny] 22/11/2023 09:27

Thanks for the link :-

[mondex] 21/11/2023 15:17

HFEL really likes China & has finally wakened to India.

[sll] 20/11/2023 18:20

apologies for poor formatting! Not the plan!