Henderson Opportunities Share Discussion Threads

[18bt] 06/2/2021 08:48

Annual results out yesterday - why does it take them so long to get these out. The YE is 31.10 and they really should be out by Christmas. However, the managers’ report is worth a read for the way they split down the portfolio and which companies have added and detracted from performance. It has been dominated by tech AIM stocks, many of which I hold elsewhere. The managers calls out a number of themes which guide their thinking, all of which show how this might be a good way to play the COVID recovery. MCap is now above £100m - if they can grow it a bit further it will come on to investors’ radars and I can see the double whammy of growth and discount narrowing. With some years dropping out, it now has a fantastic 1, 5 and 10 year record. It’s volatile but excellent if you have 5 year plus time horizons. Happy to keep holding for another 5 years.

[18bt] 15/1/2021 11:27

Posted by someuwin on the Mirriad Advertising thread.

[brucek1812] 11/1/2021 15:35

Agreed! Mostly under the radar but now Kepler has this as one of their trusts to watch in 2021. Discount is still very generous IMHO.

[18bt] 11/1/2021 15:33

Spectacular performance from this trust over the past few weeks. I still think it has potential as the discount narrows to reflect the sector leading performance over 1,5 and 10 years. Not as concentrated as the Artemis Alpha, which has a similar perfromance and discount.

[18bt] 03/1/2021 09:29

Now we are into Jan, HOT is showing s the top performer in its sector over 1 year and third over 5 years. That should attract some value hunters who want exposure to smaller UK cos.

[cordwainer] 30/12/2020 17:04

Thread title should be changed to past tense ?

[18bt] 30/12/2020 08:35

Has now moved to the 2nd best performer in its sector over 1 year (for the short termists!) above Baillie Gifford UK Growth. HOT discount is 12.7% compared to BGUK's 3% premium. 1,5 and 10 yr record now looking respectable and a number of shares in its portfolio seem to have momentum. The key remains getting the market cap well clear of £100m - now £94.4m, but I can see this coming which could see a further reduction in the discount.

[bosbus] 23/12/2020 10:21

Accurate Prediction!👍

[bosbus] 23/12/2020 10:20

Accurate Prediction!👍

[18bt] 25/11/2020 07:18

Strong rise in last few weeks along with small caps. Key though is that the discount has now come in substantially to under 12%. In 2019 also a strong year end rally in the NAV and SP, so I'm betting that this will continue. Next stop likely to resistance at just over 1100

[brucek1812] 30/10/2020 18:39

Has anyone else noticed that HOT is performing rather well. The discount is still very generous. It's hard to pigeonhole but offers a good yield and some exciting growth companies (and compounded). Unconstrained stock selection across FTSE All Share and AIM with a bias to smaller cap. Plenty to go in terms of share price growth for long term investors (ignoring the spread).

[brucek1812] 10/10/2020 13:50

HOT is looking well-placed for a post-Brexit recovery. Some nice holdings and looks undervalued. Already over 50% up since March and good divi as well. A trust that is too small (c£65m market cap) for the mainstream but great for retail investors who are willing to buy and hold. Do you agree?

[davebowler] 07/10/2020 12:01

5 October 2020, the
unaudited net asset value per share (excluding
current financial year revenue items and shares
held in treasury) was 1063.5p.

[18bt] 02/9/2020 14:19

Now showing as the 3rd best performing IT in the AIC UK All Companies sector total return over 1 year. Still not good over 3,5 & 7 years mind.

[cordwainer] 22/7/2020 06:44

someone stalking you with dislikes ?

[spectoacc] 21/7/2020 20:12

Agreed, not necessarily obvious what hole HOT fills. c.£90m of assets but c.£65m mkt cap (vs eg £762m/£562m for HSL, at half the annual charge).

[cordwainer] 21/7/2020 15:50

Furthermore, this trust is too small according to some views about ITs in general. I'd be in favour of a merger with another Henderson trust - e.g. absorb into Lowland, merge with Henderson Smaller Companies trust, or even combine with TR European trust which has a pan-europe mandate.

[spectoacc] 16/6/2020 08:38

Can get inside it/occasionally narrows but agreed - and even worse if things get choppy.

[cordwainer] 16/6/2020 07:54

and the 6% spread is annoying

[cordwainer] 29/5/2020 05:29

I've begun to feel unimpressed. Mixed bag portfolio, fuzzy-sounding investment objective, poor 5 year performance, and thus a seemingly never-ending circa 20% discount.

[robow] 22/11/2019 11:28

Blue Prism helping here

[sharesoc] 23/3/2019 18:33

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