Shires Income Share Discussion Threads

[aleman] 23/11/2011 18:22

Much of the financials holdings is bonds, prefs and convertibles rather than shares so they are a bit more likely to hold up and pay out than shares if those companies get into trouble and cut dividends.

[skinny] 23/11/2011 12:00

These have been on my list for a while and now looking around the years low. I'm just a bit concerned at their weighting towards the UK financial sector - any views?

[lord gnome] 16/11/2011 07:34

So the divi looks solid, whilst the shares are trading at around NAV and are likely to bob up and down with the wider market. A good, low risk way to play the wider market, buying at the lows when offered and a good place to park cash to get a much better yield than any deposit account. Anything short of Armageddon in the markets and this looks solid. A widows and orphans fund.

[aleman] 15/11/2011 10:01

At the time of the announcement of the full year results for the year to 31 March 2011, the Board indicated that in the absence of unforeseen events they anticipated being able to maintain the dividend at 12p per share during this financial year. It remains the case that such a distribution is likely to require the utilisation of a modest amount of the Company's reserves.

The outlook for dividends has been improving. During this half year there were 15 companies in the portfolio that raised their dividends by more than 10%. It should be remembered though, that despite some very significant headline increases many of these were coming from very low bases. In addition there were two companies, BP and Persimmon that returned to the dividend list. The Company held no companies that found it necessary to cut their dividends. It is worth noting however that despite the successes of the first half it is only prudent to anticipate a slower rate of dividend growth during the second half and into 2012.

[plasybryn] 29/4/2011 08:44

As Shires Income has a big holding in Shires Smaller Cos, I'm surprised we have not had an announcement about the name change & new EPIC code. Do we know if it is to be run on the same grounds with same dividend strategy?
Should the Bulletin Board be renamed?

[plasybryn] 21/4/2011 14:50

Getting ready for the next tick up? I bought a few more today

[aleman] 04/4/2011 14:53

Goes ex-dividend on Wednesday.

The Board of Shires Income PLC has declared a third interim dividend of 3.0p per share in respect of the year to 31 March 2011 (third interim 2010 3.0p) payable on 28 April 2011 to shareholders on the register at close of business on 8 April 2011.

[aleman] 21/12/2010 14:42

21 December 2010



Shires Income PLC

Second Interim Dividend





The Board of Shires Income PLC has declared a second interim dividend of 3.0p per share in respect of the year to 31 March 2011 (second interim 2010 - 3.0p) payable on 31 January 2011 to shareholders on the register at close of business on 7 January 2011.

[aleman] 24/11/2010 11:23

RNSed 15th November.

[plasybryn] 24/11/2010 11:18

Anyone seen the 1/2 year document?

[pherrom] 10/11/2010 17:37

Interim was paid 29/10/2010.

[plasybryn] 10/11/2010 16:42

Aleman: Do you following European Assets Trust (EAT?)

[plasybryn] 10/11/2010 16:41

Is it the Interims tomorrow?

[aleman] 28/9/2010 10:41

The Board of Shires Income PLC has declared a first interim dividend of 3.0p per share in respect of the year to 31 March 2011 (first interim 2010 - 3.0p) payable on 29 October 2010 to shareholders on the register at close of business on 8 October 2010.

[aleman] 19/7/2010 15:33

NAV 16/07/10 172.94p (inc. 2.99p acc. income)
Close 176.25p
Premium 1.9%
Yield 6.8%

[aleman] 08/7/2010 16:40

Ambrose has been a scaremongering pratt through this credit crunch, seemingly using lines fed to him by vested interests but that doesn't mean he doesn't occasionally get bits right. The US is in a mess and may be the world's weakest economy. GDP recovery there has been flattered by collapsing imports which is hardly a sign of internal strength. It is showing some sign of recovery but its bond market will collapse if money markets realise that it can't raise base rates any time soon while other countries are already raising. The media has a strong US bias and keeps trying to hide the problem by overblowing every bit of bad news outside the US to stop investors taking their money elsewhere and keep it in US treasuries that don't pay a decent return. If they stop buying, The Fed may resort to Q.E. again. Meanwhile, the global economy is still doing nicely, thank you.

IMF raises global growth forecast - again.

[lord gnome] 28/6/2010 18:38

Aleman - what's your take on this story. This seems to have been written by an 'uber' bear, whereas your recent posts indicate that you are quite bullish on the world economy.

[plasybryn] 07/5/2010 11:48

Blue amongst a sea of red. Good performance on such a wobbly day

[aleman] 12/4/2010 15:09

NAV 09/04/10 191.60p (inc 3.25p acc. income)
Close 187.5p
Discount 2.2%
Yield 6.4%

[aleman] 06/4/2010 19:54

NAV 01/04/10 193.05p (inc. 5.52p acc. income)
Close 186.0p
Discount 3.7%
Yield 6.5%

[aleman] 30/3/2010 11:49

30 March 2010



Shires Income PLC

Third Interim Dividend



The Board of Shires Income PLC has declared a third interim dividend of 3.0p per share in respect of the year to 31 March 2010 (third interim 2009 4.4p) payable on 30 April 2010 to shareholders on the register at close of business on 9 April 2010.

[aleman] 29/3/2010 14:56

NAV 26/03/10 191.11p (inc. 5.28p acc. income)
CLose 186.5p
Discount 2.4%
Yield 6.4%

[aleman] 22/3/2010 15:57

NAV 19/03/10 188.82p (inc. 5.42p acc. income)
Close 184p
Discount 2.6%
Yield 6.5%

[aleman] 19/3/2010 12:03

March 2010


February was a good month for equities. The FTSE All-Share Index increased 3.4% in total return terms with large companies outperforming their smaller counterparts. News flow was mixed over the month. The situation in Greece worsened and it became clear that there was a lack of agreement as to whether direct aid should be made available. This uncertainty put further pressure on the euro. EU GDP was weaker than expected particularly in the case of Germany and France. In the US, payrolls fell at a time when the market was expecting a rise but the impact of this was largely offset by a decline in the jobless rate. In the UK, the Bank of England announced that it was to stop its programme of quantitative easing. This was as expected though the committee made it clear that they would resume asset purchases if they regarded it as necessary. Inflation rose steeply to 3.5% but it remains the view of the Governor of the Bank of England that this is a temporary blip and that inflation will fall back to less than 2% in two years time. The initial Q4 09 GDP reading was revised up from a disappointing 0.1% to 0.3%. More negative was the news that despite January traditionally being a strong month for tax receipts the Treasury had recorded its first deficit in January since records began. There was limited portfolio activity over the month. The holdings in GKN and Weir were topsliced and the proceeds were reinvested into Close Brothers and Schroders. No options were exercised or assigned during February.

[aleman] 15/3/2010 14:10

NAV 12/06/10 186.05p (inc. 4.93p acc. income)
Close 179.5p
Discount 3.5%
Yield 6.4%