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Share Name Share Symbol Market Type Share ISIN Share Description
Henderson Smaller Companies Investment Trust Plc LSE:HSL London Ordinary Share GB0009065060 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  26.00 2.09% 1,268.00 1,268.00 1,272.00 1,274.00 1,246.00 1,246.00 122,064 16:35:01
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 19.5 17.6 23.6 53.8 986

Henderson Smaller Compan... Share Discussion Threads

Showing 26 to 49 of 200 messages
Chat Pages: 8  7  6  5  4  3  2  1
DateSubjectAuthorDiscuss
06/8/2013
14:24
As at close of business on 5 August 2013, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 587.4p and the net asset value per share including debt marked at fair value was 582.6p.
davebowler
04/8/2013
22:16
Having a great run -just topped up again last week
tiger20
01/8/2013
15:29
As at close of business on 31 July 2013, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 571.8p and the net asset value per share including debt marked at fair value was 567.1p.
davebowler
23/7/2013
09:45
hxxp://henderson.com/getdoc.ashx?id=8372
davebowler
18/7/2013
15:57
As at close of business on 17 July 2013, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 565.0p and the net asset value per share including debt marked at fair value was 560.3p.
davebowler
08/7/2013
12:22
THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC NAV Details As at close of business on 4 July 2013, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 548.2p and the net asset value per share including debt marked at fair value was 543.4p.
davebowler
04/7/2013
15:46
Trust Name THE HENDERSON SMALLER COMPANIES INVESTMENT TRUST PLC NAV Details As at close of business on 3 July 2013, the unaudited net asset value per share calculated in accordance with the AIC formula (including current financial year revenue items) was 534.0p and the net asset value per share including debt marked at fair value was 529.3p.
davebowler
21/5/2013
10:37
AIF is raising more shares to fulfill demand as its shares are trading at a premium.We are still at a 16% discount.
davebowler
21/5/2013
10:35
17 May the net asset value per share including debt marked at fair value was 541.5p.
davebowler
17/5/2013
12:26
As at 16 May 2013, the net asset value per share including debt marked at fair value was 539.3p.
davebowler
04/4/2013
11:39
At 2 April the net asset value per share including debt marked at fair value was 526.7p.
davebowler
23/3/2013
12:28
Great record this guy I like a lot of his share selections and Inv Trust doing well and still at a large discount around 15% lst time I looked
tiger20
22/3/2013
13:11
Mar 21 the net asset value per share including debt marked at fair value was 522.9p.
davebowler
15/3/2013
16:49
14 March 2013 Neil Hermon, Manager, Henderson Smaller Companies. In recent years the smaller companies sector has proved a great investment. 2012 was no exception; the FTSE Small Cap (ex-investment trusts) index returned 36.29 per cent, more than triple the return of the FTSE 100 index. However, it seems that investors still don't understand the potential that this sector holds. Where the opportunities lie Sectors: Unlike fund managers that focus on large-caps whose index is dominated by a poorly diversified selection of big companies in the oil, gas telecom, banking, pharmaceutical and mining sectors, managers in small-caps have a more diversified selection from which to choose. This is important, as the real opportunities for smaller caps lie in a range of sectors such as industrial, electronics & electrical equipment, software & computer services and support services, which all offer great opportunities for growth. Stocks: Mid and small cap investors rely on managers' stock picking skills, with the aim of identifying companies with a strong business model, sound balance sheets, solid cash flow and have the ability to outperform the market. Last year one of the winners in my portfolio included Anite, a telecoms testing business that greatly benefited from the roll-out of 4G and as a result raised its earnings forecasts several times in the last twelve months. Mergers and acquisitions: Further opportunities for smaller companies include capitalising on mergers and acquisitions (M&A) activity. Global M&A reached its highest level in four years in the final quarter of 2012. Large companies have excess cash on their balance sheets and access to historically cheap financing. This is an encouraging environment for smaller companies, which are likely to benefit as larger companies opportunistically seek out small-scale 'bolt-on' acquisitions, in an effort to enhance their growth prospects. Many of these larger companies are willing to pay a significant premium to the trading price for suitable acquisitions, offering a potential uplift to investment returns. Using investment trusts to reap the benefits of smaller companies Investment trusts boast a number of unique tools which can benefit investors and their fees tend to be lower than Open Ended Investment Companies (OEICs). One of the main benefits is the ability to gear. If done effectively, gearing can significantly increase returns both in terms of growth and income generated from the underlying portfolio. What's more, gearing in the current environment is ideal as borrowing is very cheap, especially for investment trusts. Banks will tend to offer investment trusts money at very competitive rates, currently around 1.5%, which compares very favorably with small to medium cap equities yielding 2% to 3%. That means returns can be significantly enhanced. 2013 and beyond We are currently in a good environment for UK smaller companies, not only because these are geared to the global economy, but also during periods of economic stability investors are able to focus their attention on corporate fundamentals, which are extremely attractive. Following a raft of support measures announced by the European Central Bank in mid-2012, leading economic indicators have signaled a re-acceleration of growth. This growth is moderate versus history, but is positive nonetheless, and is highest among the world's emerging economies. One of the major benefits of investing in UK small caps is their exposure to the global economy. When we aggregate the underlying revenues generated by the companies in our portfolio approximately 58% comes from areas outside of the UK. In the last year we have passed the 10-year anniversary of my tenure as fund manager and the consistent returns (outperforming in 8 of the last 9 financial years) give me confidence that on the whole we are getting things right. However, as a fund manager the work is always ahead of you and clearly hurdles still remain – most notably the deleveraging of the financial sector and governments, but on the whole low valuations, strong corporates and our proven stock picking approach leave me feeling optimistic about the years ahead.
davebowler
15/3/2013
12:35
14 March the net asset value per share including debt marked at fair value was 521.8p.
davebowler
08/3/2013
13:35
7 March net asset value per share including debt marked at fair value was 516.1p.
davebowler
22/2/2013
10:21
20 Feb net asset value including debt marked at fair value was 502.3p.
davebowler
20/2/2013
11:10
https://www.brighttalk.com/webcast/2001/65557
davebowler
12/2/2013
09:01
g luck with new thread. Got none of this ,will check later.I hold HOT from henderson.
jaws6
12/2/2013
08:59
http://www.henderson.com/sites/trusts/smaller-companies-trust/home.aspx
davebowler
12/2/2013
08:58
http://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=ITHSL&univ=T
davebowler
07/2/2013
15:04
I have switched all my ASCH for this as two of the top ten holdings are the same and this is at a 17% discount to NAV whereas ASCH is c 1%.
davebowler
31/1/2013
14:52
Investec; Henderson Smaller Companies (HSL) Interim results to 30 November 2011; NAV total return over the year was +18.4% vs the benchmark of +15.5% ¢ The discount has moved from 22.1% during the period, to 16.6% (last night). ¢ Neil Hermon has been managing the fund for 10 years and the results release highlights a positive record outperformance. Over the period HSL's NAV +344% vs BM +248% (& FTSE SmallCap Index +89%). ¢ With regards outlook, Neil has "a positive perspective on likely future returns... [and] retains a modest amount of gearing which stands at 7.6% at 30 November 2012"
davebowler
15/10/2012
11:37
I just switched into HSL from SLS. Both trusts have similar performance (in net asset values) over last few years, but SLS is at a 3% premium to net asset value, whereas HSL is at an 18% discount. It's about time HSL did something about the discount. Surely it would be in the interest of shareholders to buy back some of its own shares.
jimbox1
Chat Pages: 8  7  6  5  4  3  2  1
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