Invesco Enhanced Income Share Discussion Threads

[badtime] 14/3/2016 12:16

MRF...I have stuck a toe in

[cwa1] 11/3/2016 10:03

FWIW I joined you chaps here a little while ago, was fortunate with the timing getting it near the recent bottom and am happy enough to hold for the yield.

[my retirement fund] 11/3/2016 09:59

Yes I have taken an allocation, not a massive one but then I do also have a lot of NCYF - you in ?

[badtime] 10/3/2016 17:33

I see u held these a couple of years ago...back in?

[my retirement fund] 08/3/2016 11:12

Nice director buy 200K

[rahosi] 15/4/2015 09:30

Am long term holder inside ISA. (is paid taxed at 0%!!) Dividend has been rock solid for many years and decent capital growth. Nice earner, with reserves for 2 years divi

Which still leaves my original question, why the persistent recent heavy selling?

Whilst asking, any other suggestions for taxed at 0% decent solid earners for my ISA?

[wirralowl] 15/4/2015 08:56

Post 17 definitely does refer to NBLS, rather than IPE.

No divi cut here...

[asmodeus] 14/4/2015 18:42

See Post 17? Edit - but I think this refers to NBLS, on further look.

[rahosi] 14/4/2015 14:59

Why the persistent heavy selling??

[edwardt] 09/4/2014 11:22

this one is way too rich. perhaps cvc senior as a safer bet. recent c share at nav makes more sense to me..

[tiltonboy] 27/3/2014 18:13

JIMCAR,

The dividend has been cut, and one broker has got a 65p target on them!

[jimcar] 27/3/2014 16:34

What about NBLS - at a small discount to NAV, floating rate so some upside if inflation returns and largely $ denominated loans if you think the £ will fall vis a vis the $?

Admittedly only a 4.1% yield but no gearing

[tiltonboy] 27/3/2014 12:13

enviro,

Having bought them on a big discount, and sold them on a premium, I think you have made a wise decision.

I would likely sell, but trying to find a re-investment that isnt stock specific is a problem!

[envirovision] 27/3/2014 12:01

Well having bought bucket loads at around 55p I have now shed quite a few including another batch today in favor of some LB2N at 118.75 which gives me a YTM of 9%.

I just don't feel a yield of under 6.6% trading at a premium to NAV looks very good value and as Tiltonboy flagged it is possible the NAV could begin to fall now increasing the risk of capital loss.

I am more comfortable with the Lloyds ecns and feel the risk reward has shifted far enough to warrant such speculation.

[envirovision] 06/3/2014 15:23

I guess there's an army of financial advisers no suggesting it as a managed income fund for their private clients.

[envirovision] 05/3/2014 10:42

Not complaining though

[tatie] 05/3/2014 10:26

Interesting what effect the change of name seems to have had. From a customary discount of about 7% - 8% we are now trading at a premium of 2.5%. Nothing's changed other than ditching Leveraged and inserting Enhanced. Smart move. Obviously easier for Investec to sell to clients.

[eeza] 30/1/2014 16:57

Yes, I also thought amount was too small for tax etc. This is the only Div which gets docked - all others are full div.

Need to have a word with broker - but thought I would ask if anyone else had the same problem first.

[oniabsta] 30/1/2014 16:46

some brokers charge for each divi credited. I have come across one that charges £1. I doubt that it is related to company/tax, amount too small.

[eeza] 30/1/2014 14:02

Question for anyone who knows re: Div payment.


I have 15k shares and the Div is 1.25p per Qtr so Div should be £187.50 but I always get credited £186+ (not sure of the pence at the moment without checking).

Should there be a deduction?

[davebowler] 24/1/2014 13:05

As at close of business on 22-January-2014
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value
EXCLUDING undistributed current year revenue 72.47p
INCLUDING current year revenue 72.82p
The NAV includes a provision for any performance fee applicable.

[deadly] 06/1/2014 20:56

NAV up to 73.49p incl. current year revenue, 1.25p XD tomorrow night.

[envirovision] 29/12/2013 17:00

Hi tiltonboy., clearly there is a recycle into sub and hybrids though, and as they have already stated the funding costs are low whilst dividends are well covered by the income of the portfolio.

I would expect this to rise as their allocation in these assets also increase.

I guess the problem here is balancing yield with the ever increasing NAV.

[tiltonboy] 27/12/2013 13:17

enviro,

Apart from paying out the RR, or running down the cover, there is virtually no chance of a dividend increase. As higher yielding bonds mature, the dividend may actually come under some pressure in the future!