Shires Income Share Discussion Threads

[rcturner2] 24/12/2016 09:45

The discount looks like it is starting to narrow, if only slightly, looking at the chart above that shows the premium/discount.

[orinocor] 23/12/2016 20:13

So when the share price was almost 260p was this trading at a premium to NAV? Most trusts I look at just now are close to all time highs which is understandable given the FTSE is close to all time highs. This is still a long way below its all time high.

Another trust to look at is EGL which is on a bigger discount and a higher yield. It has a narrower focus though containing lots of utility and infrastructure stocks. It's chart looks like its been turned upside down so I think its bottomed and will do very well in 2017

[tel5] 23/12/2016 15:22

topped up today at 226 this is approx 11% below nav so looks good to me

[essentialinvestor] 23/12/2016 13:56

Many thanks.

Good to see NAV back above 2.50, bought some today at 2.2541.

Reading the latest factsheet they are adding to HSTN which I rate.

[ditchsid] 23/12/2016 13:45

This is a useful tool

[essentialinvestor] 22/12/2016 21:14

Thanks, saw the payment date in the half year report, was not aware of the XD.

[lord gnome] 22/12/2016 21:07

For full details and complete dividend record, click on 'Financials' at the top of the page and scroll down to the dividend section. Ex div is 5th Jan and pay day is 27th Jan.

[essentialinvestor] 22/12/2016 20:41

Pay date 27/01/17, not aware of the exact XD.

[tel5] 22/12/2016 20:30

xd for dividend is 5th january according to my charts

[essentialinvestor] 19/12/2016 08:06

Dividend declaration this week?, XD end of January approx.
Added a few last week.

[essentialinvestor] 15/12/2016 12:44

ASCI their largest stock position by some way and beginning to perk up,
helpful to NAV.

[essentialinvestor] 17/11/2016 14:10

Report reads well, good to see the Cobham exit pre warning,
although COB has bounced post Trump would prefer not to have exposure there.

More cautious on ESNT, however looks a small position.

[essentialinvestor] 11/11/2016 12:37

The manager has made some decent decisions- top sliced CNA, ULVR, BATS near
recent highs, they also sometimes employ a small selective options strategy with
holdings, AZN is one recent example, all details are in the monthly updates.
ASCI increased NAV yesterday, got one lot just below 1.90 on my last buy.


On days like today NAV is going to take a hit as falls widespread atm.

[spectoacc] 11/11/2016 12:23

NAV holding up well.

[spectoacc] 10/11/2016 16:35

Keen on smallcaps but the definition seems generally to be ftse250, & not sure I agree with that. If it's a £1bn co it isn't a smallcap to me! Got big weighting to ASCI tho. [Edit - I know 250 should be midcaps but eg ASCI's largest holding is RPC, which is a £3.2bn co]

NG. off 8% earlier is def "up a gear".. Think it'll be a while before I wade into them, until valuations look more reasonable (though IMB certainly off a long way).

In this market, they could as easily all be back up again tomorrow.

[essentialinvestor] 10/11/2016 16:27

It has been unwinding for a few weeks, at least in the UK- DGE, BATS, IMB etc.
Today it really moved up a gear, I added some IMB and a small amount of DGE,
not sure is that a good decision but also hold cyclicals and 20% in small caps.

[spectoacc] 10/11/2016 16:18

FTSE +59 when I posted @orinocor ;)

The bond proxy trade appears to be over - some remarkable moves in the mega caps, both directions. Won't all be bad for SHRS of course, & appears to be more risers than fallers on my watchlist.

[orinocor] 10/11/2016 16:02

FTSE down 85 points as I type. I think the euphoria is over. and this could be the beginning of a meltdown. Its a case of "holy sh*t what have we done!"

[spectoacc] 10/11/2016 10:09

Still a fan, and pains me to offload some at such a huge discount, but I'm going more into cash post-Trump - market rally is ridiculous. Wary of prefs exposure if Trump's aiming at inflation.

Still a holder, but just under half what I had at the start of the week.

[11_percent] 09/11/2016 21:35

Indeed, I missed the chance as well.

[essentialinvestor] 09/11/2016 20:52

At 1.00am GMT approx. 11/1 was fleetingly available on Trump to win,
stayed up to watch the results come in.

[asmodeus] 09/11/2016 19:53

Do you have brown stuff in powdered form, onnocor?

[orinocor] 09/11/2016 19:27

Haha. Bookies Paddy Power paid out on a Clinton win weeks ago. They thought it was a done deal. Now they have to pay out again. Woops!

[spectoacc] 09/11/2016 12:36

@orinocor - delayed reaction I say. It's the reverse to Brexit, which was massive over-reaction/huge buying op. This is the opposite, perhaps because Trump's not actually sworn in until January. Haven't bought anything today but have sold a few things.

[orinocor] 09/11/2016 12:07

Is this it? Market meltdown my @rse! FTSE down 0.5%. It was supposed to be nearer 10% on a Trump win. These economists know nothing.

Or has the brown stuff yet to hit the fan?

I'm still keeping some powder dry in case there is going to be a delayed reaction.