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SHRS Shires Income Plc

237.50
4.00 (1.71%)
03 Dec 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 Shares Traded Last Trade
  4.00 1.71% 237.50 66,399 16:35:28
Bid Price Offer Price High Price Low Price Open Price
237.00 238.00 238.00 233.00 234.00
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
Mgmt Invt Offices, Open-end 681k -1.47M -0.0356 -66.57 96.6M
Last Trade Time Trade Type Trade Size Trade Price Currency
16:27:17 AT 119 237.00 GBX

Shires Income (SHRS) Latest News (1)

Shires Income News

Date Time Source Headline
03/12/202412:11UK RNSShires Income PLC Net Asset Value(s)
02/12/202415:03UK RNSShires Income PLC Gearing disclosure
29/11/202412:42UK RNSShires Income PLC Net Asset Value(s)
28/11/202412:31UK RNSShires Income PLC Net Asset Value(s)
27/11/202412:12UK RNSShires Income PLC Net Asset Value(s)
26/11/202412:57UK RNSShires Income PLC Net Asset Value(s)
25/11/202415:46UK RNSShires Income PLC Gearing Disclosures
25/11/202412:40UK RNSShires Income PLC Net Asset Value(s)
22/11/202412:20UK RNSShires Income PLC Net Asset Value(s)
21/11/202412:33UK RNSShires Income PLC Net Asset Value(s)

Shires Income (SHRS) Discussions and Chat

Shires Income Forums and Chat

Date Time Title Posts
02/12/202415:47Shires Income - 6.6% quarterly yield.512
20/3/202409:31Merger with ASCI-
15/5/200607:31....YIELD OF OVER 5%!!!!!...27

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Shires Income (SHRS) Most Recent Trades

Trade Time Trade Price Trade Size Trade Value Trade Type
16:27:17237.00119282.03AT
16:27:03238.004511,073.38AT
16:24:12238.00328780.64AT
16:19:50238.00411978.18AT
16:15:02237.005,25012,442.50O

Shires Income (SHRS) Top Chat Posts

Top Posts
Posted at 03/12/2024 08:20 by Shires Income Daily Update
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 233.50p.
Shires Income currently has 41,369,542 shares in issue. The market capitalisation of Shires Income is £98,045,815.
Shires Income has a price to earnings ratio (PE ratio) of -66.57.
This morning SHRS shares opened at 234p
Posted at 02/12/2024 15:00 by triskelion
Someone correct me if I have got this completely wrong in concept but... in SharePad (now rebranded ShareScope) the price chart of a security can have various comparators/overlays added by the user and one I use is UK Consumer Price Index.
In the case of SHRS and a three month conventional bar chart it indicates the share price has been below CPI since at least March 2002.
Presumably the high income nature of the IT would be used as an explanation / compensation but I wondered if there are more compelling IT securities anyone might have in mind w/o research which provide an above average level of income where the share price at least does not fall so far below CPI.
And regarding stock charts further: conventionally they aren't inflation adjusted anyway are they? Assuming not, bearing that in mind puts in a whole new perspective the idea of returns from the London markets.
That line of thought evokes an article by the then editor of CityAM, Allister Heath, on page 2 of the 1 May 2009 edition where he stated (sniping against Labour but objectively I suspect more broadly applicable to all shades of the uniparty and of equal application now)
"... For all the Anthony Bolton-led cheer about its partial recovery in recent weeks, the FTSE 100 has fallen by 26 per cent in real terms (adjusted for the consumer price index) and 9.3 per cent in nominal terms since 1 May 1997. If FTSE 100 returns are deflated by the retail price index, a better measure, its decline would be 33 per cent ...."
Posted at 18/6/2024 06:47 by spangle93
New Kepler research note from SHRS, as RNS'd this morning



On a quick scan it's more of a restatement of the case than containing anything fundamentally new
Posted at 13/5/2024 20:13 by citytilidie
Totally agree EI. They could easily have bought back hundreds of thousands from 216 onwards over the last 2 or 3 months. Shocking management from Corporate level downwards. As you say though, very happy for the increase in share price.
Posted at 13/5/2024 13:33 by essentialinvestor
Pleased with the recent price, however as mentioned it underscores a missed opportunity to conduct a NAV accretive buy back at a decent price.
Posted at 20/3/2024 09:31 by sorleighmcleod
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?
Posted at 14/3/2024 07:02 by spectoacc
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).
Posted at 13/3/2024 20:56 by essentialinvestor
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.
Posted at 13/3/2024 15:49 by spectoacc
SHRS - where money goes to die.
Posted at 29/12/2023 16:04 by essentialinvestor
Dave, POLR is akin to a geared play on wider equity markets - at least the way I would look at it.

brwo, if you read back on previous posts, some reasons are dissused re share price performance/discount to NAV- your preference share point is also valid. That part of the market looks to be turning upwards on price.


Bought a few HHI before the close.
Posted at 21/12/2023 16:49 by citytilidie
Agree, but I think it will be sooner rather than later. NAV was 237p a couple of weeks ago and it’s now 252p and the share price has only risen 1 or 2p. The market will soon realise that a 12% discount is far too wide, and I think 235 bid is certainly reachable before this month is out.
Shires Income share price data is direct from the London Stock Exchange

Shires Income Frequently Asked Questions (FAQ)

How many Shires Income shares are in issue?
Shires Income has 41,369,542 shares in issue.
What is the market cap of Shires Income?
The market capitalisation of Shires Income is GBP 96.60 M.
What is the 1 year trading range for Shires Income share price?
Shires Income has traded in the range of 209.00p to 253.00p during the past year.
What is the PE ratio of Shires Income?
The price to earnings ratio of Shires Income is -66.57.
What is the cash to sales ratio of Shires Income?
The cash to sales ratio of Shires Income is 143.64.
What is the reporting currency for Shires Income?
Shires Income reports financial results in GBP.
What is the latest annual turnover for Shires Income?
The latest annual turnover of Shires Income is GBP 681k.
What is the latest annual profit for Shires Income?
The latest annual profit of Shires Income is GBP -1.47M.
What is the registered address of Shires Income?
The registered address for Shires Income is 280 BISHOPSGATE, ENGLAND, LONDON, EC2M 4AG.
Which industry sector does Shires Income operate in?
Shires Income operates in the INVESTMENT OFFICES sector.