Invesco Perpetual Uk Sma... Share Discussion Threads

[brwo349] 11/10/2024 14:56

just got 1k at 414.5p. That's a 15% discount and with the dividend just announced

[its the oxman] 11/10/2024 14:43

Added a few back. Still looks bargain c.415p

[2wild] 10/10/2024 13:30

Given so much negative sentiment and wild speculation already, maybe best to buy day before budget. As always, some shares will be hit far harder than others. Probably those with poor liquidity like IPU, although they are already on a huge discount.

[llef] 10/10/2024 11:06

hi bitgold, having never taken part in a tender before, I admit to being a bit sceptical when you said you expected more than the 25-30% than I expected.
You were obviously right, and I am very glad about that! :-)
Waiting for the budget probably does make sense - there might well be an unwelcome rabbit out of the hat...

cheers

[bitgold] 10/10/2024 09:45

Good to hear, llef. Yes, it's one of the small benefits for us small investors and can make a big difference to our returns. To me these tenders are little more than raids by arbitraguers to make some money at long-term shareholder expense, so it's important we all participate if possible.

I am very happy to get 57% too, don't misunderstand me. I am however surprised the uptake was so high with the tax complexity for non-ISA or SIPP holdings come April next year.

I've still got IPU on my list, but going to wait for what effect the budget has. I sense not good.

[llef] 10/10/2024 08:42

As an investor in IPU with Hl, have to say I am delighted with 57%, (I expected between 25-30%).

It's the first time I've taken part in a tender like this, and I didn't realise that all HL holdings would be lumped together for allocation purposes.

I'll probably reinvest the proceeds in IPU.. maybe the trick will be repeated next year! :-)

[bitgold] 09/10/2024 15:33

Other tenders this year have yielded 90-100% return, so yes, I consider it low. Maybe more private investors are getting wise to the arbitrageur tricks?

[brwo349] 09/10/2024 14:16

low? lol. There was only 10% of the shares up for grabs. You tendered all and ended up with 57%. That's high. Not low.

[bitgold] 09/10/2024 12:55

HL tendered 57%. Not bad, but I am actually quite surprised it was that low. people may need to be careful there's not a nasty shock with taxes on dividends and a big unused capital loss come april next year if it's not held in an ISA or SIPP. Unless I misunderstood things.

I'd be interested to hear how much got tendered with other brokers.

[joy division still] 09/10/2024 12:01

Longterm investor here, got my special dividend, reinvested today, for original qty of shares, now up just over £1k in cash sweet.

[2wild] 09/10/2024 10:31

I still have about 14% in ipu and 12% in CHIB. I used to own MUT, i switched into CHiB when discount to nav was around 7% wider.
I also like the renewable energy ITs ITs, yielding 7 to 10% on discounts 25% to 35%. Not so long ago they mainly traded on premiums to NAV.

[brwo349] 08/10/2024 22:48

I added some MUT today. Holding also CHIB, EAT and IPU. I like equity trusts but I'll check out your list.

[2wild] 08/10/2024 18:30

brwo349. Have you ìnvested any IPU proceeds yet? I got more AEET BBH JSGI PCA RMMII and VSL. All in the process or planning tenders or otherwise returning capital.

I will start investing my ISA cash tomorrow.

[brwo349] 08/10/2024 16:23

Invesco Perpetual UK Smaller Co's Investment Trust Plc - Dividend Declaration
PR Newswire

LONDON, United Kingdom, October 08

LEI: 549300K1D1P23R8U4U50

Invesco Perpetual UK Smaller Companies Investment Trust plc

Headline: Second Interim Dividend

The Directors of Invesco Perpetual UK Smaller Companies Investment Trust plc are pleased to declare a Second Interim Dividend for the year ending 31 January 2025 of 3.85p per share (2023:3.85p), payable 6 December 2024 to ordinary shareholders on the register on 8 November 2024. The shares will be quoted ex-dividend on 7 November 2024.

Shareholders are reminded that the Company's dividend policy is to pay out all income earned within the portfolio and to enhance it annually through the use of realised capital profits with a target dividend yield of 4% of the year end share price.


Invesco Asset Management Limited
Corporate Company Secretary

8 October 2024

[2wild] 08/10/2024 13:06

Same percentage in my ISA, never had so much uninvested cash. Fantastic

[2wild] 08/10/2024 12:50

Received 54.4545% in my ii SIP

[brwo349] 08/10/2024 12:37

Fantastic. I tendered all and got 54.4% accepted with III

[2wild] 07/10/2024 18:40

Agree. Unnecessarily complex and a ridiculously long extended timetable.

[bitgold] 07/10/2024 15:17

I reckon you'll easily get your 50% 2wild, the fact it was a complicated dividend tender with different tax implications depending on the individual investor will have put a lot of people off. I'd love to hear their reasoning for a dividend tender instead of share tender.

[essentialinvestor] 07/10/2024 15:02

30%!! Bloody hell. Had to read that twice.

[2wild] 07/10/2024 14:57

Yes pay day tomorrow. Will probably get credited to my II accounts some time between tomorrow afternoon and Wednesday close of play.

Certainly would be buying down these levels if I didn't already have around 30% of my portfolio invested in ipu. Hopefully I'll get around 50% taken up in cash tender.

[bitgold] 07/10/2024 13:06

Great if it is tomorrow, I thought it was Wednesday. 412p sounds like good value and it's not too far away now from the 390p sep 2020 covid price, so sounds like a really good deal if the discount is there. If so, I will be be back in.

[brwo349] 07/10/2024 11:33

Added at 412.75p

Tomorrow is the day we nominee account holders should find out how may we got away although we may have to wait if they are tardy with the paperwork.

[bitgold] 04/10/2024 15:23

We shall see. close to 100% was available with JEDT and RSE recently. It really seems private investors don't understand that these tenders are basically the city mob raiding the small shareholders and therefore don't participate. This one is even worse, as dividend tender gets different tax treatment if you hold it outside an ISA or sIPP.

[brwo349] 04/10/2024 11:29

I hope to get 20% at least filled in the tender and I think those expecting close to 100% are dreaming a bit