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| Share Name | Share Symbol | Market | Type | Share ISIN | Share Description |
|---|---|---|---|---|---|
| Henderson Far East Income Limited | LSE:HFEL | London | Ordinary Share | JE00B1GXH751 | ORD NPV |
| Price Change | % Change | Share Price | Shares Traded | Last Trade
|
|
|---|---|---|---|---|---|
| -2.50 | -1.09% | 226.00 | 1,294,623 | 16:35:07 |
| Bid Price | Offer Price | High Price | Low Price | Open Price | |
|---|---|---|---|---|---|
| 226.00 | 226.50 | 227.00 | 225.00 | 226.00 | |
| Industry Sector | Turnover | Profit | EPS - Basic | PE Ratio | Market Cap |
|---|---|---|---|---|---|
| Trust,ex Ed,religious,charty | -46.86M | -56.24M | -0.3402 | -6.66 | 377.72M |
| Last Trade Time | Trade Type | Trade Size | Trade Price | Currency |
|---|---|---|---|---|
| 17:04:30 | O | 330,000 | 226.20 | GBX |
| Date | Time | Source | Headline |
|---|---|---|---|
| 20/12/2024 | 17:43 | UK RNS | Henderson Far East Income Limited Issue of Equity |
| 20/12/2024 | 16:05 | UK RNS | Henderson Far East Income Limited Monthly Factsheet as at 30 November 2024 |
| 20/12/2024 | 11:47 | UK RNS | Henderson Far East Income Limited Net Asset Value(s) |
| 19/12/2024 | 12:54 | UK RNS | Henderson Far East Income Limited Net Asset Value(s) |
| 18/12/2024 | 11:05 | UK RNS | Henderson Far East Income Limited Net Asset Value(s) |
| 17/12/2024 | 13:53 | UK RNS | Henderson Far East Income Limited Net Asset Value(s) |
| 16/12/2024 | 15:35 | UK RNS | Henderson Far East Income Limited Net Asset Value(s) |
| 13/12/2024 | 13:43 | UK RNS | Henderson Far East Income Limited Net Asset Value(s) |
| 12/12/2024 | 11:44 | UK RNS | Henderson Far East Income Limited Net Asset Value(s) |
| 11/12/2024 | 11:28 | UK RNS | Henderson Far East Income Limited Net Asset Value(s) |
Henderson Far East Income (HFEL) Share Charts1 Year Henderson Far East Income Chart |
|
1 Month Henderson Far East Income Chart |
Intraday Henderson Far East Income Chart |
| Date | Time | Title | Posts |
|---|---|---|---|
| 20/12/2024 | 08:51 | Henderson Far East Income Ltd | 2,076 |
| 21/11/2024 | 20:48 | Henderson Far East | 13 |
| 04/1/2013 | 18:48 | HENDERSON Far East Ord. Trust. | 15 |
| Trade Time | Trade Price | Trade Size | Trade Value | Trade Type |
|---|
| Top Posts |
|---|
Posted at 22/12/2024 08:20 by Henderson Far East Income Daily Update Henderson Far East Income Limited is listed in the Trust,ex Ed,religious,charty sector of the London Stock Exchange with ticker HFEL. The last closing price for Henderson Far East Income was 228.50p.Henderson Far East Income currently has 165,302,179 shares in issue. The market capitalisation of Henderson Far East Income is £374,409,435. Henderson Far East Income has a price to earnings ratio (PE ratio) of -6.66. This morning HFEL shares opened at 226p |
Posted at 08/11/2024 07:50 by njb67 HFEL have historically "chased" dividends, timing their buys and sells to maximise dividend payments, but simultaneously incurring capital losses. The new fund manager was tasked with changing this approach and has been in control for just over a year iirc. The jury remains out on whether the approach has really changed, especially as the increasing dividend target remains a stated goal.Two potential watch outs for my perspective - the very high churn of stock and the schizopherenic relationship with Chinese holdings. These were out of favour when the new fund manager took over, but now as Aleman points out make up the majority of the income in the fund. Are HFEL still chasing dividends? I have a small holding here but it is under review. The results have likely bought it more time. |
Posted at 08/11/2024 00:25 by sll Quick take, Before today, I'd modelled the last (3.5 years) out of 4 years of this, and had painted in H2 figures to complete (my view of) the 2024 prelims - which HFEL has out-performed on Revenue and under-performed on Capital. In summary, and ahead of the very deep read now needed, when time permits, these results are both earlier and better than might have been the case. As always, PLEASE DYOR!! |
Posted at 03/9/2024 09:37 by fordtin Mostly disagree. Those of us who rely on dividends as a part of our retirement income would have an ever diminishing income if we had to sell shares to subsidise a dividend cut.Slashing the dividend because woeful share price performance has artificially inflated the yield, results in a double whammy for anyone who has trusted the management and has ridden the storm through market down-turns. The current dividend yield for anyone holding shares for 5 years, is only ~7%. Slashing that ~7% would be a huge red flag pointing to extremely poor and untrustworthy management. I’ve unfortunately owned shares in several companies which have slashed their dividends. The inevitably poor share price performance post divi cut has taught me to take the loss and move on as soon as possible. If HFEL lose the trust of passive long-term investors, it’s unlikely they’ll ever trade at a premium again, as they’ll probably become just another traders’ plaything being churned over at a very large discount to NAV. |
Posted at 02/9/2024 09:58 by njb67 I tend to pay most interest in total share holder return as the underlying performance metric. (As an aside, I currently use NAV TSR rather than share price TSR as the share price discounts in the IT sector are distorting comparisons).IF HFEL consistently deliver 10%+ per annum total shareholder return, then I am agnostic whether they pay out the full amount as dividend or retain some of it to grow NAV (with one hopes an equivalent increase in the SP). So, as an example. with a 5% divi and 5% annual share price growth, I can choose to top slice some of my holding if I want to cash in the full 10% increase in shareholder value per annum. That becomes a personal investment choice. There are some ITs who pay out most of their income each year as dividends, so NAV growth is low. There are others who pay out nothing and have a faster NAV growth rate. As long as total returns meet your personal threshold, then imv that is more important than the dividend policy. HFEL have been poorly managed in recent years, chasing yield to the detriment of total returns. One year in from their reset, they are doing ok, a 10% NAV total shareholder return secures them a mid-table ranking in the Asia Pacific sector (17% is best performance). If HFEL can maintain double digit annual TSR over the medium to long term, then most of us should be happy. Time will tell. |
Posted at 02/9/2024 07:11 by njb67 The 12 month rolling NAV total return (increase in the underlying value of the company with dividends reinvested) is currently showing 10.3% versus the 10.6% dividend.The last twelve months NAV total return performance puts HEFL 4th out of 7 ITs in the sector, versus 6th over three years and 7th over five years. So trending in the right direction. HFEL is currently the only IT whose share price is at a premium to NAV, so while there is understandable scepticism over the dividend, it is not putting all investors off. One of my (small)holding which I am watching very closely to see if management deliver on their promise to improve total shareholder returns. I agree with others who have posted that reducing annual dividends to support NAV growth could be a sensible option, albeit my sense is that management will not want to lose their Dividend Hero status. |
Posted at 24/4/2024 16:03 by kenmitch Thanks for the good wishes Hastings. Not well but hopefully getting there.Fair point about HFEL share price performance being enhanced by reduced discount. NAV is up around 10% from the low though, so definite hints of improvement. There are STILL so many shares and Investment Trusts paying huge and often sustainable dividends, reflecting the undervaluation of a lot of UK shares. E.g just today Serica surprised by paying a 14p final (7% just for that 1 dividend) and the overall dividend is 11.5% and higher than last year. Here’s a bit of info for those keen on seeing dividend cuts and more buybacks. Our portfolios have now reached the stage where all new investments can be paid for from the dividend income month after month. AND it means the portfolios now fund themselves too. And right now is still a good time to build a portfolio of shares and Trusts paying exceptionally high and sustainable dividends. It’s only when the dividends flow in like the current 10.4% HFEL yield, that we investors seem to realise what a bonus they are. |
Posted at 24/4/2024 13:13 by 2sporrans kenmitchyou have to factor in that that 12% share price uplift was accompanied by a shift [mostly the past few weeks] from 4% discount to 2% premium; therefore just a 6% rise in NAV over those 6 months. Some investors pay close attention to the NAV performance. On the +ve side, you could argue that HFEL is yielding about twice what av. of peers payout; so maybe, as much as 3% EXTRA yield over 6 months, had one bought at last autumn lows. [HFEL yielded ~12% at its October nadir.] Taking your 12% cap. gain and adding 6% for 2 divvis makes a TR of 18%, from the nadir. It will be interesting to see how close to 6p the share price drops at tomorrow open; moreso if the premium fades over the next week or 3. Perhaps it will......maybe it won't. |
Posted at 08/4/2024 13:12 by njb67 Within Asia Pacific, I mainly hold AAIF. Share price and NAV have beaten benchmark over 1, 3 and 5 years. Pays 5.7% yield and has increased dividend for last fifteen years.HFEL dividend is imv more a sign of poor management over recent years than a reflection on the health of the underlying business. HFEL appear to have chased annual dividend increases to the detriment of total share price and NAV return. Recent acknowledgment of this issue and a commitment to change approach have brought me back to HFEL. I have for now a small position and will wait and see if overall performance improves. I would prefer to see the dividend consistently fully covered by income, even if this means a reset of the dividend to something more sustainable. A 7% yield would still be sector leading. |
Posted at 18/10/2023 10:10 by 2sporrans 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. |
Posted at 15/9/2023 22:08 by investingdad Post 1552Posted 22/8You claimed that HFEL was going to 110p or 130p because you had been watching Jim Cramer that day. HFEL share price at close 210.5p Inverse SS is the way to go. He does the research*, so you don't have to. |
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