Invesco Enhanced Income Share Discussion Threads

[nerja] 23/4/2018 11:27

WOW some effing battering today, just on a management change

[speedsgh] 03/4/2018 13:02

Dividend Declaration (26/3) -

HEADLINE: 2nd Interim Dividend

The Directors of the Company are pleased to announce the 2nd interim dividend, in respect of the period from 1 January 2018 to 31 March 2018, of 1.25 pence per Ordinary share. This dividend will be paid on 30 April 2018, to shareholders on the register on 6 April 2018. Shares will be quoted ex-dividend on 5 April 2018.

[speedsgh] 12/3/2018 17:10

excerpt from Factsheet (as at 31/1/18)...

Market and economic review
European high yield bond markets began the year with positive returns. The financial sector was the best performing part of the European market while in the US utility companies delivered the highest return. The premium over government bonds that European high yield companies need to pay to borrow fell from 294 basis points (bps) at 31 December 2017 to 267bps at 31 January 2018. Barclays report that European currency high yield bond issuance was 40% lower than for January 2017 with €3.6bn of new supply this month. Issuers continued to push the envelope on what can be achieved in the new issue market. However, there was push back on some deals. For example, British debt recovery company, the Lowell Group and Swiss vending machine manufacturer, Selecta were both forced to strengthen credit protections within bonds they were offering to the market.

Portfolio review
The portfolio holds a core (around 34%) of non-financial high yield corporate bonds, focused on seasoned issuers that we consider have a low likelihood of default. In addition, we have significant exposure to areas of the market, which we believe offer relatively attractive yield. Approximately 20% of the portfolio is invested in bank capital, predominantly in the debt of large European banks. We also have around a 10% allocation to subordinated bonds in the insurance sector. Elsewhere we have holdings in nonfinancial corporate hybrid capital instruments. (These are bonds with some equity like characteristics). These instruments are held across various sectors including telecoms and utilities. We currently use borrowing to try to enhance the portfolio’s income. This means we can hold quality corporate bonds to achieve our income objectives. As at 31 January borrowing was 22% of the NAV.

[warrior boy] 03/6/2017 15:27

Good rise in share price over the past few months, but it looks a little frothy for me. I don't see much upside but more downside currently. However, IPE has done me well over the last year.

[noiseboy] 05/4/2017 20:22

Yes, Probably time to pile in for some more!

[noiseboy] 04/4/2017 07:21

They seem to be very late announcing dividend this quarter?

[badtime] 04/1/2017 14:33

Nudging higher

[colonel a] 19/8/2016 10:50

We're on the wrong thread {apologies}, but yes, BIST has tanked since they announced suspension of buybacks.
It's NAV has held steady, can't get any at 111p currently will will keep watching.

[rcturner2] 19/8/2016 10:46

That trust is under review though, isn't it? Not sure I would want to buy with that uncertainty.

[orinocor] 19/8/2016 10:00

I just bought some Blackrock Income Strategies, BIST, at 111p. That's a 6% yield and a 10% NAV discount. Not bad. Quarterly dividend goes ex soon.

[rcturner2] 18/8/2016 12:56

I also hold PEY which is not a bond fund, but yields over 7% and is on a big discount.

It is a private equity trust and has a good track record of increasing the NAV. They pay 5-8% of the NAV each year as a dividend.

However it is listed in euros and that puts some people off.

[badtime] 18/8/2016 12:44

Interesting comments ...anyone looked at PSDL?

[rcturner2] 18/8/2016 11:24

I hold NCYF, which is a similar fund but yields 7.5%.

I have converted to cash and happy with that at the moment. There will be plenty of opportunities in the future.

[tiltonboy] 18/8/2016 10:40

Could always look at AEFS. 6% yield and a 6% discount.

I continue to hold IPE.

[badtime] 18/8/2016 10:16

There's the question ..where to move your funds too..or is it building up cash in the expectation of a sizeable pull backI've a few shares where I originally bought for yield, but they've made good capital gains on paper

[warrior boy] 18/8/2016 09:41

RCT2,Always a wise move to take profits after a good run. I agree that with the share price rise the yield has dropped and we are at a premium to NAV.Where would you consider a better option to be?

[rcturner2] 18/8/2016 08:02

I have taken profits and sold my holding today at 76.3p.

A great run since the beginning of the year, the yield is now dropping and the shares are trading at a premium.

Good luck to all who remain.

[badtime] 06/7/2016 13:41

Can't add to that...also due to go exdiv this week

[rcturner2] 06/7/2016 13:14

I think people are moving out of equities and into bonds. Bond yields are dropping which means that there is buying and the price is going up.

[my retirement fund] 06/7/2016 12:17

What do you think is driving the price up?

[badtime] 06/7/2016 10:57

MRF...still in?