Shires Smaller Companies Share Discussion Threads

[aleman] 10/2/2011 00:32

Webby - 6p so around 4.4%.

[envirovision] 09/2/2011 22:56

Yea a 15% discount is pushing a bit though, may have to top up me thinks.

[webby] 09/2/2011 18:48

What is this yielding ADVFN say 11% can't be right

[aleman] 09/2/2011 14:49

NAV is now creeping into new territory after being stuck around 156p for weeks. The are shares not following yet so the discount has expanded again a little to a highish 15%.

[aleman] 08/2/2011 14:11

That only shows it not to be in the top ten. As others have gone up in value, the Chaucer holding may not have decreased. I do have a vague recollection of some adjustments made in a Chaucer holding, though, but can't find any older factsheets to check. It does seem likely that SHD still have most of that Chaucer holding as we have the good news that NAV jumped over 2p yesterday!

[envirovision] 08/2/2011 12:21

Sadly the January fact sheet shows they no longer have that holding:

[aleman] 08/2/2011 12:06

It was from the IMS of 02/11/10.

[aleman] 08/2/2011 12:00

The header has Chesnara at 2.5% and Chaucer at 2.2% at Sept 31 2010. I don't remember which RNS I pasted this from.

[envirovision] 08/2/2011 09:00

its chesnara we have not chaucer

[crawford] 07/2/2011 16:03

Arrgh, I sold CHU a few weeks ago...

[aleman] 07/2/2011 16:00

Chaucer up on a "number of approaches" with regard to a bid.

[aleman] 04/1/2011 21:05

NAV 30/12/2010 156.97p (inc 1.59p acc. income)
Close 134.5p
Discount 14.3%
Yield 4.5%

[davebowler] 22/12/2010 08:49

Extract from new monthly report;
Shires Smaller Companies plc

* NAV fell 3.2% versus a fall of 3.4% in the Index
* Initiated a new holding in private client fund manager Rathbone Brothers
* Supported a placing by Chesnara to raise £63.5m for the acquisition of Save & Prosper Insurance
* Trimmed TT Electronics, Weir and XP Power reinvesting in RPC, Bellway and Halfords
* Exited the remainder of Brit Insurance which was in the process of concluding their takeover by Apollo
* In the bond portfolio reduced the BUPA Finance 6.125% bond that was nearing maturity and initiated a position in Wales & West Utilities Finance 6.75% 2036

[aleman] 15/12/2010 14:51

Discount still over 19% as of this morning.

15 December 2010



Shires Smaller Companies plc



The Board of Shires Smaller Companies plc has declared a fourth interim dividend of 1.5p per share (making a total of 6p per share) in respect of the year to 31 December 2010 (fourth interim 2009: 1.75p) payable on 28 January 2011 to shareholders on the register at close of business on 7 January 2011.



Shires Smaller Companies plc is managed by Aberdeen Asset Managers Limited

[aleman] 14/12/2010 12:46

Some catching up to do - should be around 140p or so.

[davebowler] 14/12/2010 12:41

Shires Smaller Companies NAV Including Inc 152.54p


SDV is at an 8% discount compared to this at 18%!

[aleman] 10/12/2010 13:57

Finally broken 150p but discount testing 20%.

[aleman] 08/12/2010 11:17

NAV attempting 150p again. Share price ignoring it. SDV back at its recent high.

[aleman] 07/12/2010 10:43

Just thought I'd compare the discount of SHD and its sister company for larger income shares, SHRS:

SHRS

SHD


Given SHRS has been increasing its holding in SHD and is twice as big and has a higher yield and is trading at a premium, it might be worth SHRS and SHD shareholders considering a merger (at, say, an 8% discount for SHD holders). SHRS would get a higher NAV with minimal income loss. SHD would get a lower NAV but higher income and smaller discount. Although some costs will already be shared, there will be cost savings to add to the above, e.g. stockmarket listing costs, as well as increased liquidity.

The comparison just highlights that SHD should really be trading at 135-140p.

[aleman] 03/12/2010 14:57

NAV nearly back up to its recent peak yet share price falling. Discount up to 18%.

[aleman] 29/11/2010 22:25

No. It doesn't look a bad possibility. Dividend is only 6%, though, isn't it?

[plasybryn] 29/11/2010 19:10

Aleman: Are you also in S&U? Great little gwth stock with c.8% dividend

[aleman] 29/11/2010 18:24

But not falling back much.

NAV 26/11/10 146.37p (inc. 1.30p acc. income)
Close 123.5p
Discount 15.6%
Yield 4.9%

[plasybryn] 25/11/2010 15:20

Seems to have lost momentum.