Henderson High Income Share Discussion Threads

[mister md] 15/10/2024 12:07

Always a bit of a discount to NAV here ? Shareprice 161p.

As at close of business on 11 October 2024, the unaudited net asset value per share (excluding current financial year revenue items) was 177.8p and the net asset value per share with debt marked at fair value was 179.0p.

[giltedge1] 26/8/2024 13:26

IC 14 August comment,
Henderson High Income (HHI) focuses mostly on larger UK companies to generate a high and growing level of income. Since David Smith took over the management 10 years ago, the trust has enjoyed a good track record over most time frames relative to its benchmark. Meanwhile, the progressive dividend policy is supported by meaningful revenue reserves.

[bargainsniper] 02/8/2024 07:46

Over 10% discount atm is very good value

[giltedge1] 26/7/2024 16:30

Manager doing well last few days, NWB,ULVR,BAT,ASZ,PAG,3i & a few others!, good income fund also growing NAV. NAV should be over £1.80 now, hopefully share price can consolidate above £1.64.

[bargainsniper] 25/7/2024 10:46

Good results today taking the trusts two largest holding Bats and unilever higher. Enjoying adding at a discount.

[bargainsniper] 12/7/2024 10:29

not gone unnoticed by meand paying a nice reliable dividend

[essentialinvestor] 10/7/2024 10:02

Highest % NAV discount for a long time.

[goldgeezer] 25/6/2024 07:07

What's wrong with this!!

[neilyb675] 31/5/2024 16:17

As at close of business on 30 May 2024, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 178.1p and the net asset value per share with debt marked at fair value was 179.4p.



As at close of business on 30 May 2024, the unaudited net asset value per share (excluding current financial year revenue items) was 175.6p and the net asset value per share with debt marked at fair value was 176.8p.

[speedsgh] 15/5/2024 12:04

Dividend Declaration -

Henderson High Income Trust plc announces that a second interim dividend of 2.625p per ordinary share of 5p, in respect of the year ending 31 December 2024, will be paid on 26 July 2024 to holders registered at the close of business on 14 June 2024. This dividend is to be paid from the Company's revenue account. The Company's shares will go ex-dividend on 13 June 2024.

[giltedge1] 08/5/2024 14:33

Continuing the NAV ascent guess about £1.80 odd banks,astra,ulvr,anglo,dcc in favour a good mix of growth/income a good core holding can't resist 6.3% yield & rising. Be my final add.

[the bug] 26/4/2024 09:38

Also along with Anglo and Unilever they have Astrazeneca which also did well yesterday.

Div payday today

[essentialinvestor] 25/4/2024 13:34

Agree, however comes with a fair chunk of gearing which enhances returns in a rising market - the reverse also applies.

[shalder] 25/4/2024 13:23

That's how I use it. Also currently at a very useful discount to nav, which appears undeserved.

[giltedge1] 25/4/2024 11:25

HHI good proxy for a bond fund, 6.7% & rising dividend. Has a big holding in ULVR & Anglo American good uplift today. Manager is well thought of bought 3i in advance of rise. Over 3 years +30%, same as Terry Smith.

[the deacon] 10/4/2024 08:22

Recording of the recent Investor Meet Company presentation https://youtu.be/qbJVorE3VY4?si=qW4MuA3SYhpbWoGB

[essentialinvestor] 27/3/2024 10:38

101 different holdings at the last look, might be taking diversification a tad too far.

[aleman] 26/3/2024 14:24

NAV over 172p. When's the last time we were up here? Discount over 10% now.

[speedsgh] 20/3/2024 14:37

Dividend Declaration -

Henderson High Income Trust plc announces that a first interim dividend of 2.625p per ordinary share of 5p, in respect of the year ending 31 December 2024, will be paid on 26 April 2024 to holders registered at the close of business on 5 April 2024. This dividend is to be paid from the Company's revenue account. The Company's shares will go ex-dividend on 4 April 2024.

[neilyb675] 23/2/2024 14:38

Portfolio review

The equity portfolio's holdings in companies that are typically expected to benefit from a cut in interest rates, such as housebuilder Taylor Wimpey and real estate companies Land Securities and Big Yellow, aided performance given their strong share price rises over December. The position in specialist buy-to-let lender Paragon was also positive for performance after the company announced very strong results with good loan growth and better net interest margins leading to betterthan-expected dividend growth. Given the positive market backdrop, holdings in financial companies such as Ashmore, Phoenix and Intermediate Capital, also benefited performance.

Conversely, the equity portfolio’s positions in British American Tobacco and Anglo American were negative for performance. British American Tobacco lowered its profit guidance for next year due to an increase in investment needed to become more competitive, and concerns about macroeconomic pressures in the US. Anglo American rebased its production guidance across most commodities given a reassessment of its operations under a new management team.

There was minimal trading activity during December. We added to the holdings in self-storage company Big Yellow and soft drink manufacturer Britvic, and reduced the position in Woodside Energy.

Manager outlook

Now that inflation is falling, the pressure on central banks to keep monetary policy tight is easing. This suggests that interest rates could be cut over the next 12 months. While the impact of the significant rise in interest rates on economic growth needs to be carefully watched, consumer borrowing has been historically low, corporate balance sheets are relatively robust and the banking sector is generally well capitalised.

With wage growth also likely to outstrip inflation next year - an environment that has never coincided with a recession in the UK - we believe the outlook for the UK economy could be better than the current low expectations. While risks remain, especially with heightened geopolitical risks in the Middle East, valuations in the UK market are attractive to us on a long-term view.

[neilyb675] 19/2/2024 14:47

157.00 - 158.00 (GBX) at 11:48:38
on Market (LSE)

[neilyb675] 05/2/2024 12:08

158.50 - 160.00 (GBX) at 12:08:00
on Market (LSE)

[shaikan not stirred] 27/1/2024 15:24

bought in here this week, top quality constituent companies in the trust - and as PeterBill highlights a very attractive yield.

BUY.