Shires Income Share Price (SHRS)

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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
  0.00 0.0% 233.50 58,703 16:35:14
Bid Price Offer Price High Price Low Price Open Price
233.00 234.00 237.00 237.00 237.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 4.00 12.98 18.0 72
Last Trade Time Trade Type Trade Size Trade Price Currency
14:49:50 O 10,000 234.182 GBX
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Shires Income (SHRS) Latest News (1)

Shires Income News

Date Time Source Headline
25/11/202012:52UKREGShires Income PLC Net Asset Value(s)
24/11/202012:41UKREGShires Income PLC Net Asset Value(s)
23/11/202013:23UKREGShires Income PLC Gearing disclosure
23/11/202012:50UKREGShires Income PLC Net Asset Value(s)
20/11/202011:05UKREGShires Income PLC Net Asset Value(s)
19/11/202011:04UKREGShires Income PLC Net Asset Value(s)
18/11/202013:24UKREGShires Income PLC Net Asset Value(s)
18/11/202009:44UKREGShires Income PLC Net Asset Value(s)
16/11/202013:28UKREGShires Income PLC Gearing disclosure
16/11/202013:14UKREGShires Income PLC Net Asset Value(s)
More Shires Income News
Shires Income Investors    Shires Income Takeover Rumours

Shires Income (SHRS) Discussions and Chat

Shires Income Forums and Chat

Date Time Title Posts
04/6/202009:24Shires Income - 6.6% quarterly yield.396
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
2020-11-25 14:49:51234.1810,00023,418.20O
2020-11-25 14:25:05235.852,1074,969.36O
2020-11-25 13:41:19233.465,00011,673.03O
2020-11-25 12:51:29234.201,7073,997.79O
2020-11-25 12:25:26234.775,00011,738.38O
View all Shires Income trades in real-time

Shires Income (SHRS) Top Chat Posts

DateSubject
25/11/2020
08:20		Shires Income Daily Update: Shires Income Plc is listed in the Equity Investment Instruments sector of the London Stock Exchange with ticker SHRS. The last closing price for Shires Income was 233.50p.
Shires Income Plc has a 4 week average price of 196.50p and a 12 week average price of 196.50p.
The 1 year high share price is 298.50p while the 1 year low share price is currently 158p.
There are currently 30,719,580 shares in issue and the average daily traded volume is 73,388 shares. The market capitalisation of Shires Income Plc is £71,730,219.30.
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21/11/2019
09:58		speedsgh: Half-Year Report - HTTPS://www.investegate.co.uk/shires-income-plc--shrs-/rns/half-year-report/201911210700051165U/
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27/8/2018
12:59		andyj: Its now the same price as it was 28 years ago. Why would anyone buy this?
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26/3/2018
14:22		cwa1: 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......
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26/3/2018
13:48		topvest: I've added some as well, but not at your great price of 242p!
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12/3/2018
15:23		spectoacc: 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.
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03/7/2017
13:50		davebowler: Winterfloods; On 29 June Ed Beal (EB), manager of Shires Income, provided an update on the fund, which is summarised below. Ed Beal is a member of Aberdeen AssetManagement's 16-strong Pan-European equity team. Performance  Over the last five years the fund has delivered a NAV total return of 90%, significantly outperforming its benchmark, the FTSE All Share, which has delivered a total return of 65%. As can be seen in the table below, it has also outperformed over the last one and three years.  In its latest financial year to 31 March the fund paid a total dividend of 12.75p per share, representing a yield of 5.1% on the current share price. This dividend was fully covered by revenue of 13.08p. Portfolio & Manager's Outlook  The investment strategy is to invest primarily in equity securities alongside some higher yielding preference shares and a small option writing programme. The aim is to provide an above average yield from a diversified portfolio, with an emphasis on total return and the management of risk.  A portfolio of UK equities comprised 74% of the fund at 31 March, with 26% allocated to preference shares to enhance income. The team also write short dated call and put options, which are typically between 5% and 10% out of the money, as another way to enhance income. In the latest financial year options generated 5.5% of income, while 60% came from dividends and 34.5% came from preference share, fixed and bank interest. Within the equity portfolio, income is also diversified across sectors, with the largest contribution coming from Oil & Gas at only 14% of dividend income (estimated for FY 2018).  The preference shares are viewed as being more defensive than pure equities although the manager does not expect to see notable income or capital growth from this area of the portfolio. EB views gearing, currently equivalent to 20% of net assets, as being solely invested in the preference share portfolio, meaning that the fund is effectively ungeared into equities.  Up to 10% of the fund is now permitted to be invested in Europe, with the allocation currently standing at around 2.5% and holdings including Novo Nordisk. The manager notes that performance benefitted in the wake of the 'Brexit' vote due to the significant overseas earnings element.  EB believes that smaller companies are offering better growth opportunities at present. Small cap exposure is predominantly gained via the holding in Aberdeen Smaller Companies Income*, which the manager highlights provides diversification among smaller companies. New purchases over the last three years have had a mid and small cap bias, which EB notes have lower yields but greater potential for income growth. The smallest new addition is Manx Telecom (£200m market cap), the leading provider of telecommunications and broadband services on the Isle of Man.  While the team's outlook for the UK economy and stock market is not particularly optimistic, with political uncertainty, high valuations and a likely slowdown in dividend growth cited as key concerns, they highlight that the focus is on good quality companies that are able to perform well even in difficult market conditions. In addition, they are more positive from an income perspective where key advantages include: Sterling weakness; positive underlying earnings growth; and a reduction in the risk of dividend cuts amongst the biggest UK payers.  There is a significant emphasis on corporate governance and engagement with boards, with numerous meetings and AGMs attended each year. For example, the team met with Pearson's Remuneration Committee Chair in Q1 2017 to discuss a number of issues, including the restructuring programme and data issues. Murray Income  Charles Luke, the manager of Murray Income Trust, also provided an update. This fund has delivered a NAV total return of 63%, broadly in line with the benchmark. There is a 56% overlap between its portfolio and Shires Income's equity portfolio and six companies are in both of the funds' top ten holdings.  Key differentiating factors between the two funds are Shires Income's higher level of gearing (20% versus 2%) and preference share portfolio and Murray Income's higher international allocation (approximately 15% versus 2.5%). Winterflood View Shires Income has a good long-term performance record, with income from its relatively mainstream equity portfolio boosted by gearing, the preference share portfolio and option writing. The current dividend yield of 5.1% is notably higher than the UK Equity Income peer group weighted average of 3.4% and is supported by adjusted revenue reserves (14.9p) representing 1.2 years of the most recent full-year dividend. We view the preference share portfolio as a key differentiator from its peers and believe that the diversification of sources of income should help to allow the fund to maintain its attractive yield. However, its small size (£75m market cap) means that it is likely to be off the radar of many investors, which may partially explain its current discount level of 11%.
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24/4/2017
14:55		spectoacc: Still cheap IMO, happy holder here. ASCI (7% of SHRS) also popped back to new highs.
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12/4/2017
15:44		essentialinvestor: Hoping to add back some SHRS lower down, easier in theory than practice though.
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02/3/2017
10:18		tel5: one to hold onto as dividend looks secure and possible capital growth as nav above 10% discount to share price
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23/12/2016
20:13		orinocor: 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
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Shires Income share price data is direct from the London Stock Exchange
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