Shires Income Share Discussion Threads

[aleman] 27/12/2007 16:53

Aberdeen Asset Management PLC announces the unaudited daily net asset values
(with investments at bid market values and excluding current period revenue
unless otherwise indicated) of the following investment trust as at close of
business on 24 December 2007:



Shires Income plc (Note 2) 277.86p Ordinary



Note 2 The net asset values shown above are excluding accrued income.

Close 248.25p
Discount 10.7%
7.75%

[aleman] 19/12/2007 13:05

Aberdeen Asset Management PLC announces the unaudited daily net asset values
(with investments at bid market values and excluding current period revenue
unless otherwise indicated) of the following investment trust as at close of
business on 17 December 2007:

Shires Income plc (Note 2) 269.52p Ordinary


Note 1: The net asset values shown above are excluding accrued income.

Close 233.75p
Discount 13.3%
Yield 8.2%

[superjock] 18/12/2007 15:46

According to trustnet Shires now stands at:-

Price---235
NAV-----273
Discount---14%
Dividend---8.2%

This must be an oversold. I'm happy to take 8.2% as a total return now I'm almost guaranteed this as a dividend.

[aleman] 14/12/2007 12:42

Aberdeen Asset Management PLC announces the unaudited daily net asset values
(with investments at bid market values and excluding current period revenue
unless otherwise indicated) of the following investment trust as at close of
business on 11 December 2007:

Shires Income plc 288.60p Ordinary

Close 251p
Discount 13.0%
Yield 7.67%

[crawford] 06/12/2007 22:56

Good yield on these, will they keep falling though?

[aleman] 06/12/2007 18:43

The Net Asset Value of Shires Income plc as at close of business on 4 December
2007 was 280.9p.

Close 252p
Discount 10.3%
Yield 7.64%

[aleman] 30/11/2007 16:39

The Net Asset Value of Shires Income plc as at close of business on 27 November
2007 was 282.2p.

Close 253p
Discount 10.3%

[aleman] 16/11/2007 20:09

Owston - I suppose I could post the discount to NAV as well.

[jonwig] 16/11/2007 19:09

For most of 2004, the share price was 200-220p, and showed a discount of up to 14% of NAV.
This was when SHRS had to renegotiate its debts or break banking covenants.
The discount is now 11%.

The reason for watching the NAV is that the dividend payout is pretty static.

In a bull market this stock tends to trade at a premium to NAV, so buying when the discount is very wide (now, say ... ?) gives you the rising assets and narrowing discount when the market recovers - ie. a bit of geared exposure with the dividend on top.

We've had these in the family since 1990 - share price was about 175p when we bought them, yielding well over 10%. dividends have been reinvested, so a 10% plus growth pa isn't too bad, despite the pretty flat capital performance.

[owston] 16/11/2007 18:58

Just watching the NAV Aleman??

[aleman] 14/11/2007 16:00

The Net Asset Value of Shires Income plc as at close of business on 13 November
2007 was 297.6p.

[aleman] 08/11/2007 12:32

The Net Asset Value of Shires Income plc as at close of business on 06 November
2007 was 298.8p.

[aleman] 31/10/2007 16:03

The Net Asset Value of Shires Income plc as at close of business on 30
October2007 was 307.8p.

[aleman] 24/10/2007 16:58

The Net Asset Value of Shires Income plc as at close of business on 23
October2007 was 304.3p.

[aleman] 18/10/2007 01:59

The Net Asset Value of Shires Income plc as at close of business on 16
October2007 was 304.6p.

[aleman] 11/10/2007 20:28

The Net Asset Value of Shires Income plc as at close of business on 9
October2007 was 307.0p.

[aleman] 01/10/2007 13:45

The Net Asset Value of Shires Income plc as at close of business on 25 September
2007 was 300.7p.

[aleman] 21/9/2007 16:52

The Net Asset Value of Shires Income plc as at close of business on 18 September
2007 was 299.7p.

[aleman] 19/9/2007 15:06

The Net Asset Value of Shires Income plc as at close of business on 11 September
2007 was 305.8p.

[aleman] 05/9/2007 10:28

The Board of Shires Income plc has declared a first interim dividend of 4.40p
per share in respect of the year to 31 March 2008 (first interim 2007 - 4.40p)
payable on 31 October 2007 to shareholders on the register at close of business
on 5 October 2007.

[aleman] 30/8/2007 10:26

The Net Asset Value of Shires Income plc as at close of business on 28 August
2007 was 296.4p.

[aleman] 22/8/2007 15:47

The Net Asset Value of Shires Income plc as at close of business on 21 August
2007 was 295.4p.

[aleman] 22/8/2007 14:47

The management team have moved house. The last accounts had Shires' holding in GIMH as valued at £3.239m.

Shires Income PLC
22 August 2007


Shires Income Plc
Sale of investment in GIM Holdings

The Board of Shires Income plc ('Shires') announces that Shires has today
entered into an Agreement with Aberdeen Asset Management PLC ('AAM') for the
sale to AAM of its 49.9% shareholding in GIM Holdings Limited ('GIMH'). The
Agreement is conditional only on FSA approval of a change of control. The
consideration is £3,118,750 in cash plus an additional amount in cash equal to
49.9% of the net asset value of GIMH and its subsidiaries (as determined by
completion accounts).

The Shires Board has been informed that a further agreement has today been
entered into between the shareholders of Sutherland Holdings Limited ('
Sutherland') and AAM for the sale to AAM of the entire issued share capital of
Sutherland. Sutherland holds the remaining 50.1% shareholding in GIMH.

GIMH is the holding company of Glasgow Investment Managers Limited ('GIM'). GIM
is the investment manager of Shires pursuant to an Investment Management
Agreement dated 23rd March and 10th April 2006 (the 'IMA'). Shires has been
informed that the managers currently employed by GIM to manage the Shires'
portfolio will continue to manage the portfolio following completion of the
sale. It has been agreed that the IMA will continue on its current terms.

[asmodeus] 01/8/2007 15:51

I do think 6.6% quarterly yield should correctly read "6.6% annual yield, paid quarterly"?

[aleman] 01/8/2007 15:49

The Net Asset Value of Shires Income plc as at close of business on 31 July 2007
was 310.1p.