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SHRS Shires Income Plc

222.00
-0.50 (-0.22%)
28 Mar 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Type Share ISIN Share Description
Shires Income Plc LSE:SHRS London Ordinary Share GB0008052507 ORD 50P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  -0.50 -0.22% 222.00 220.00 224.00 225.00 219.00 225.00 139,809 16:35:22
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end -372k -2.03M -0.0490 -45.10 91.69M
Shires Income Plc is listed in the Mgmt Invt Offices, Open-end sector of the London Stock Exchange with ticker SHRS. The last closing price for Shires Income was 222.50p. Over the last year, Shires Income shares have traded in a share price range of 200.00p to 269.00p.

Shires Income currently has 41,487,506 shares in issue. The market capitalisation of Shires Income is £91.69 million. Shires Income has a price to earnings ratio (PE ratio) of -45.10.

Shires Income Share Discussion Threads

Showing 501 to 525 of 525 messages
Chat Pages: 21  20  19  18  17  16  15  14  13  12  11  10  Older
DateSubjectAuthorDiscuss
27/3/2024
16:24
Overdue move, buting back again today it seems
essentialinvestor
22/3/2024
15:29
They may be buying back again today.
essentialinvestor
22/3/2024
08:15
I have taken a nibble here today as the discount and yield are attractive.
rcturner2
21/3/2024
18:39
They are buying back shares, about time.
essentialinvestor
21/3/2024
15:58
NAV (with income) will be nicely over £2.50 on Friday's update.
essentialinvestor
21/3/2024
13:08
Signs of life emerging - still Very cheap.
essentialinvestor
20/3/2024
12:48
Looks as though they might hopefully be on the turn again. About time considering the NAV is around the 250 level, plus another 3.2p XD due soon. With the quality of the shares they hold they must also be an attractive merger candidate.
citytilidie
20/3/2024
09:31
Two too small trusts merge and all the benefits go to ASCI but SHRS is still too small not least because many ASCI ran for the hills. What is the board doing to close the discount? Can’t see that this trust has a future especially if parent Abrdn is taken over and broken up. Takeover by MUT?
sorleighmcleod
19/3/2024
12:10
Technicals are awful but I don't see it dropping much past 208p ish.
Prefs and market generally will perk up when rates drop and discount could narrow markedly in days.

Will enter when the 14 crosses the 50 which might be soon.

kiwi2007
19/3/2024
09:55
DEC divi cut, what a shock, not.
essentialinvestor
14/3/2024
09:33
Comments are welcome - consensual echo chambers tend to add little.

I bought on an expectation a 12/13% NAV discount may tighten as the UK rate cycle turns - coupled with the payment of quarterly dividends in the meantime.

The longer term buy case I did not look at, however agree money leaving the UK market is not supportive.

essentialinvestor
14/3/2024
07:02
Couldn't resist earlier comment, apologies to holders ;)

But a bunch of mainly large caps, and a load of prefs, for a discount yet with a load creamed off the top (around a fifth of the income) for "management".

Why not just buy a couple of decent prefs and a tracker? Your yield would be greater, your management charges zero.

I think that's SHRS' problem, in a world where money is leaving the market for 3 years running. Either the costs need to be much lower, or the discount wider, or the performance exceptional. Or even just half reasonable.

(HL has the Ongoing Charge at 2.07%, but I take that with a pinch of salt).

spectoacc
13/3/2024
20:56
Recent share price performance has been woeful, however on a NAV basis it looks better - all be it not wonderful.

With income NAV at today's close is likely over £2.50 a share, that's around 3% below the 12 month high hit last May. In May 2023 Shires traded near £2.60 - so the damage done is in a very significant widening of the discount to net asset value.

essentialinvestor
13/3/2024
18:14
I thought that even if it didn't outperform that FTSE-100, it would at least reflect it, but it doesn't even seem to manage that.
spangle93
13/3/2024
18:10
After the merger the ten largest equity holdings are now (%)

AstraZeneca 4.4
Shell 3.6
Morgan Sindall 2.9
HSBC 2.7
BP 2.5
Rio Tinto 2.4
Energean 2.4
Intermediate Capital 2.3
Hollywood Bowl 2.1
4imprint 2.0

Total 27.3

brwo349
13/3/2024
18:09
Not dying just temporarily cheap.

Jan 24 factsheet

brwo349
13/3/2024
15:49
SHRS - where money goes to die.
spectoacc
13/3/2024
15:34
Third Interim Dividend

The Board of Shires Income PLC has declared a third interim dividend of 3.2p per share in respect of the year to 31 March 2024 (2023: third interim dividend - 3.2p) payable on 30 April 2024 to shareholders on the register at close of business on 5 April 2024.

brwo349
13/3/2024
15:33
In for a few more at 213.28p with the net assets value currently 250p
brwo349
12/3/2024
13:58
Divi announcement.
essentialinvestor
08/3/2024
16:03
Amazing!

Zero discount in June, 9 months later it's around -15%

spangle93
08/3/2024
14:11
Net asset value now 149.5p
I bought some more.

brwo349
07/3/2024
13:46
Very, very cheap down here.
essentialinvestor
07/3/2024
13:41
Net assets value is now 247.85p
brwo349
06/3/2024
15:40
Since Aberdeen decided it was in our best interests to merge, Shires have gone from a 4% premium to a 14-15% discount, which is pretty much a 20% loss to shareholders. Can Aberdeen remind us all again why it was such a good deal for Shires and its shareholders please?
citytilidie
Chat Pages: 21  20  19  18  17  16  15  14  13  12  11  10  Older

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