Shires Income Share Discussion Threads

[speedsgh] 21/11/2019 09:58

Half-Year Report - HTTPS://www.investegate.co.uk/shires-income-plc--shrs-/rns/half-year-report/201911210700051165U/

[davebowler] 30/10/2019 13:00

28 Oct NAV Shires Income Trust PLC with Debt at Fair Value Including 269.87p

[spectoacc] 21/6/2019 15:28

Down over 5yrs in a bull market, may pass!

[davebowler] 21/6/2019 15:01

IVI's discount is the highest its been this year. See this halfway down- hTTps://www.trustnet.com/factsheets/t/bw13/invesco-income-growth-trust-plc

[davebowler] 19/6/2019 14:27

Yes when you see that its sister fund ASCI is trading about 10%+ below NAV the premium is surprising, so I've swapped.

[davebowler] 23/5/2019 12:17

hTTp://www.aberdeen-asset.co/static_files/documents/99611565-05a2-49cd-8690-a10fb35a5d38/32/90016-cd-121036838_itfct_shires.pdf

[spectoacc] 30/4/2019 16:52

Been largely wrong on this one, long since out, but find it extraordinary that it can trade at a premium (let alone par).

[davebowler] 25/4/2019 15:49

hTTp://www.aberdeen-asset.co/static_files/documents/99611565-05a2-49cd-8690-a10fb35a5d38/31/87823-cd-121036602_itfct_shires.pdf

[davebowler] 30/8/2018 10:50

hTTps://citywire.co.uk/investment-trust-insider/news/a-century-s-old-pedigree/a1145898?dclid=CKKZoPm_lN0CFcsD0wod6pwMnA

[essentialinvestor] 27/8/2018 16:12

I took a small turn on my last lot and not holding atm, Ed Beal is no longer the manager here, he was responsible in large part for a transformation of their holdings. I was out of the market during the financial crisis, but did read back some of the old annual reports before buying, and it was very significant gearing to preference shares that killed performance. With net gearing at around 20% currently, it's too high for my liking late in a bull market.

[topvest] 27/8/2018 15:28

Yes, interesting that. Long term record is poor. They got caught out with excessive gearing of about 50% in a bear market when run by Glasgow Investment Managers. Happy to have a small holding with Aberdeen running it.

[andyj] 27/8/2018 13:59

Its now the same price as it was 28 years ago. Why would anyone buy this?

[essentialinvestor] 28/3/2018 20:53

Bought some back today, well under NAV atm. Pref shares largely recovered.

[cwa1] 26/3/2018 15:22

LOL, thanks topvest, though today's "great Price" often looks like a " bought way too soon" price in a few week's time! Time will tell......

[topvest] 26/3/2018 14:48

I've added some as well, but not at your great price of 242p!

[cwa1] 23/3/2018 10:51

FWIW LG, I took a handful at 242 earlier, respectably inside the spread at the time. No problem getting them at that point. Agreed that the wider market malaise will probably go some way to cancelling out any "pref bump" though!

[lord gnome] 23/3/2018 10:45

Yes, that's what I was looking at, CWA1. Could have been a smart way to play it. Problem is that any advance due to the re-rating of prefs has been wiped out by the general market decline. Can't even get a quote at 244p. Haven't got L2, so I can't see what the market is looking like.

[cwa1] 23/3/2018 09:44

Possible bounce in NAVs now that Aviva have caved on prefs issue?

[spectoacc] 12/3/2018 15:23

Big NAV fall thanks to prefs - they must average it? Was expecting that sort of figure in Friday's RNS. ELLA's bounced at least - not so much the others. Can't seem to short SHRS anywhere for lack of borrow.

[davebowler] 09/3/2018 20:27

8/3/2018 NAV Shires Income Trust PLC with Debt at Fair Value Including Income 274.42p

[aleman] 02/1/2018 16:58

Not a holder but it's probably up due to today's 0.08% rise in the 30-year gilt yield, which might be interpreted as good for banks and financials. However, the 2-year yield rose 0.06%, so the yield curve only steepened marginally and still indicates likely sluggish growth. I presume it is strong PMIs from many countries today, especially in Europe, that pushed bond yields up.

[mozy123] 02/1/2018 16:36

Hi LG, Could it be Merger of SL and Aberdeen, people might be expecting the fund range to be simplified?

[lord gnome] 02/1/2018 16:11

On a bit of a tare today. Nice to see it, but I wonder what has caused it. Discount to NAV is evaporating rapidly.

[davebowler] 19/12/2017 13:12

18 Dec NAV Shires Income Trust PLC with Debt at Fair Value Including Income 289.40p

[davebowler] 27/11/2017 15:32

HTtp://www.aberdeen-asset.co/static_files/documents/99611565-05a2-49cd-8690-a10fb35a5d38/10/52309-cd-121030591_shires.pdf