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% 283.00 0.00 01:00:00
Bid Price Offer Price High Price Low Price Open Price
280.00 286.00
Industry Sector Turnover (m) Profit (m) EPS - Basic PE Ratio Market Cap (m)
Equity Investment Instruments 3.85 12.33 23.0 87
Last Trade Time Trade Type Trade Size Trade Price Currency
- O 0 283.00 GBX

Shires Income (SHRS) Latest News

Shires Income News

Date Time Source Headline
24/6/202111:56UKREGShires Income PLC Net Asset Value(s)
23/6/202112:42UKREGShires Income PLC Net Asset Value(s)
22/6/202112:36UKREGShires Income PLC Net Asset Value(s)
21/6/202114:21UKREGShires Income PLC Gearing Disclosure
21/6/202112:29UKREGShires Income PLC Net Asset Value(s)
18/6/202112:54UKREGShires Income PLC Net Asset Value(s)
17/6/202112:49UKREGShires Income PLC Net Asset Value(s)
16/6/202114:35UKREGShires Income PLC Doc re. Annual Report
16/6/202112:34UKREGShires Income PLC Net Asset Value(s)
15/6/202112:00UKREGShires Income PLC Net Asset Value(s)
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Shires Income (SHRS) Discussions and Chat

Shires Income Forums and Chat

Date Time Title Posts
08/6/202111:11Shires Income - 6.6% quarterly yield.403
15/5/200608:31....YIELD OF OVER 5%!!!!!...27

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Shires Income (SHRS) Top Chat Posts

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 283p.
Shires Income Plc has a 4 week average price of 262p and a 12 week average price of 248p.
The 1 year high share price is 286p while the 1 year low share price is currently 196.50p.
There are currently 30,719,580 shares in issue and the average daily traded volume is 37,262 shares. The market capitalisation of Shires Income Plc is £86,936,411.40.
bluemango: Nice little director buy, a NED buying £6,000 worth. Price approaching the level reached in early 2020, which was the highest in a decade.
speedsgh: Half-Year Report - HTTPS://
andyj: Its now the same price as it was 28 years ago. Why would anyone buy this?
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......
topvest: I've added some as well, but not at your great price of 242p!
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.
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%.
spectoacc: Still cheap IMO, happy holder here. ASCI (7% of SHRS) also popped back to new highs.
essentialinvestor: Hoping to add back some SHRS lower down, easier in theory than practice though.
tel5: one to hold onto as dividend looks secure and possible capital growth as nav above 10% discount to share price
Shires Income share price data is direct from the London Stock Exchange
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