Shires Smaller Companies Share Discussion Threads

[aleman] 13/9/2010 14:13

Thanks. Looks interesting although would be another complication to my tax return with regard to the balance of capital gains and income.

[envirovision] 13/9/2010 14:05

NAV rising all the time. I would estimate HPEQ still has a discount to NAV around 40% if your interested Aleman.

[aleman] 13/9/2010 14:01

NAV 10/7/2010 138.91p (inc. 1.41p acc. income)
CLose 118.0p
Discount 15.1%
Yield 5.1%

[aleman] 09/9/2010 14:16

You're welcome.

NAV still going up. 137p yesterday, and midcaps are up strongly today, so still a 15% or so discount, even though the shares have done well recently. With SDV discoun tless than 10% and SHRS at a premium, these should really more like 130p.

[ned] 09/9/2010 12:05

Aleman

Thanks for your commentary.
Bought a few for my daughter - see if I can get her interested in investing!

ned

[aleman] 09/9/2010 09:59

Shires Income



Shires Smaller Companies

[aleman] 06/9/2010 15:46

135.5p yesterday. Discount now about 20p or around 15%. Other trust discounts have been shrinking. SHD's has got bigger.

[aleman] 02/9/2010 16:27

Actually RNSed at 133.73p. (Always find these small disccrepancies odd. Anyone know why?) Will be even higher tomorrow. looking at the way the 250 has gone today.

[aleman] 02/9/2010 12:37

Yesterday's NAV now 133.56p according to the website. THat's a 2-year high. That makes a discount of 12% when many other income trusts are starting to trade at a premium due to poor income returns elsewhere.

[aleman] 19/8/2010 14:32

NAV back over 130p. Discount to NAV of 19p starting to look steep again.

[davebowler] 12/8/2010 16:38

SDV is being stalked by Midas I.M. with a view to a fund management takeover, I think so expect the discount to narrow.

[davebowler] 12/8/2010 16:35

Shires Income is at a 2% premium whilst this is at a 12% discount!

[envirovision] 10/8/2010 14:37

Discount to NAV equal to SDV. Forward yeild on SDV looks higher to me, I am switching everything into SDV.

[plasybryn] 09/8/2010 17:22

Thanks Aleman. I will have a look as those. Most of my stocks are growth, like Medusa Mining (MML) Centamin Egypt (CEY) Newer ones include BLNX, EMED, VGM, JLP, SKR, NYO, MARL, AAU. SCO. Income stocks include Telecom Plus (TEP) and European Assets Trust (EAT) SHRS, SHD, SDV and Alliance Pharma (AHP). I'm hoping Medusa is going to declare a dividend policy with its results due out in 3 weeks.

[aleman] 09/8/2010 16:55

Am mostly in yielders as I'm now a pro investor and need regular income and to avoid crystallising CGT like I used to. Made most money in the past with smallcap tech growth shares and still seem to have the knack if my purchase of BLNX on results day in May is anything to go by (up 300%) . Current yielders are AV., BMS, CHU, CKN, CMS, CTO , GLIF, HYNS, IRV, MACF, NFDS, SDV, SHD, SHRS with a few non-payers thrown in. Other yielders I would consider are BRE and NG. My portfolio has just passed my 15% target for this year after 88% last year, excluding dividends which I need to live off. (If only I could reinvest them as well!) This has mostly been a recovery from a near 60% fall from my 2007 peak but I still feel my stuff is cheap on the whole and hope for a new all time high soon. More importantly, it looks like next year's income will be a new high, barring unforeseen cuts, and leave a small surplus. Micawber and Einstein would be most pleased.

"Annual income twenty pounds, annual expenditure nineteen pounds nineteen and six, result happiness. Annual income twenty pounds, annual expenditure twenty pounds ought and six, result misery."

[plasybryn] 09/8/2010 16:38

Aleman: Thanks. Are you mainly invested for Income? Would be interested in any others you recommend.

[aleman] 09/8/2010 16:36

I've been in them both a few years now and they seem to behave surprisingly similarly, with yield and discount rarely differing much. It might be a good idea for them to merge and save admin costs but life isn't that simple.

[plasybryn] 09/8/2010 16:33

How do you rate this Stock compared to Smaller Cos Dividend Trust (SDV)? Any views?

[plasybryn] 09/8/2010 16:30

Aleman: Thanks

[aleman] 09/8/2010 16:29

They've always done it about a month before, i.e. end September announcement, ex-dividend in a week or two for pay out end October.

[plasybryn] 09/8/2010 10:32

So the next dividend is due in October, but as yet we don't know when it goes ex dividend? They seem to leave making the the announcement until it is close to the date!

[davebowler] 03/8/2010 09:19

Its cheap and well managed.

[plasybryn] 02/8/2010 17:46

Do we know why this has performed so well of late? Can we expect the upward trend to be maintained?

[aleman] 19/7/2010 15:30

NAV 16/07/10 126.01p (inc. 0.61p acc. income)
Close 107.75p
Discount 14.5%
Yield 5.6%

[aleman] 13/7/2010 14:03

About time. NAV has never dropped back much from its recent high and looks to be set to rise above it again soon anyway if today is anything to go by. Now that the bad news has stopped hitting the headlines, bargain hunters are out again and shorts are getting squeezed with low summer volumes to close into. The stockmarket as a whole would have to rise 50-60% just to get to a normal rating for this time in the cycle. Shares are very cheap if the double dip does not materialise.