Shires Smaller Companies Share Discussion Threads

[aleman] 12/11/2008 00:34

It is possible if enough companies cut their dividends that they may cut the dividend 10 or 20%. They could be affected by gearing finance costs rising. However, finance cost looks to be getting better rather than worse and you can see the income accumulating each week to pay the dividend. Don't forget some companies are still increasing dividends and 1/3rd of income is from prefs and fixed interest. Can they maintain that yield? Maybe, maybe not. Can they maintain that kind of yield? Yes.

[traderxxx12] 11/11/2008 13:36

Ale, surely they cant maintain that kind dividend yeild?

[aleman] 11/11/2008 13:27

NAV 07/11/08 96.98p (inc. 2.59p acc. income)
Close 89.5p
Discount 7.7%
Yield 17.0%

[aleman] 27/10/2008 15:56

NAV 24/10/08 90.55p (inc. 1.84p acc. income)
Close 93.5p
Premium 3.3%
Yield 16.3%

[aleman] 20/10/2008 19:02

NAV 17/10/08 99.79p (inc. 1.65p acc. income)
Close 107.5p
Premium 7.7%
Yield 14.1%

[aleman] 13/10/2008 18:22

NAV 10/10/08 108.23p (inc 1.45p acc. income)
Close 99.5p
Discount 8.1%
Yiield 15.3%

[aleman] 03/10/2008 12:04

RNS Number : 9805E
Shires Smaller Companies PLC
02 October 2008


News Release

2 October 2008

Shires Smaller Companies plc

The Board of Shires Smaller Companies plc has declared a third interim dividend of 3.40p
per share in respect of the year to 31 December
2008 (third interim 2007: 3.35p) payable on 31 October 2008 to shareholders on the register at
close of business on 10 October 2008.

Shires Smaller Companies plc is managed by Aberdeen Asset Management plc.

End

[aleman] 03/10/2008 12:03

Our 13% yield will look good if base rate drops 0.5% next week:

[aleman] 29/9/2008 16:41

NAV 26/09/08 134.38p (inc. 4.23p acc. income)
Close 116.75p
Discount 13.2%
Yield 13.0%

[aleman] 22/9/2008 16:07

NAV 19/09/08 140.63p (inc. 4.07p acc. income)
CLose 127p
Discount 9.7%
Yield 12.0%

[aleman] 15/9/2008 14:02

NAV 12/09/08 148.30p (inc. 3.94p acc. income)
Close 134p
Discount 9.6%
Yield 11.3%

[aleman] 08/9/2008 17:17

NAV 5/09/08 152.13p (inc. 3.34p acc. income)
CLose 124p
Discount 18.5%
Yield 12.3%

[aleman] 02/9/2008 15:53

Looks like I was right last week. After ticking up a touch yesterday, the discount was still over 20%. Seems to be catching up a little today.

NAV 01/09/08 152.87p (inc. 2.57p acc. income)
Close 122p
Discount 20.2%
Yield 12.5%

[aleman] 29/8/2008 15:11

On today's moves the discount to NAV must be about 22%. I don't recall it getting so high before. On a more normal discount the shares would be around 135p.

[badtime] 28/8/2008 22:48

shd or sdv or ipu..hmmmm

[aleman] 28/8/2008 11:04

Capital Economics forecast 3.5% or less base rate next year. Imagine what that will do to SHD if it has to compete with savings paying out only 3-3.5%!

[badtime] 27/8/2008 20:59

wonder if they stil hav tht holding in hwy...its up nicely on bid talk

[aleman] 26/8/2008 17:02

NAV 22/08/08 145.54p (inc. 2.48p acc. income)
CLose 121.5p
Discount 16.5%
Yield 12.5%

[aleman] 22/8/2008 17:52

Bank of America are forecasting 4.0% base rate by end of next year and possible 3.5% by the end of 2009. What will SHD yield when savings are only paying out 3% (assuming the bank cash shortage has eased by then)? The shares could easily treble.

[aleman] 22/8/2008 14:15

Interest rate futures are falling thanks to the poor GDP numbers. The couple of base rate cuts priced in for the next 12 months should work wonders for the yield shares in SHD's portfolio. Banks and building societies are already reducing savings rates so cash will start to move looking for better returns.

[aleman] 18/8/2008 16:03

NAV 15/08/08 147.38p (inc. 2.47p acc. income)
Close 124.5p
Discount 15.5%
Yield 12.2%

[isa23] 15/8/2008 14:02

I've also bought into osp. New management (midas) from Jan 09, about 41% discount to NAV, yield of over 6.5%, gearing significantly reduced to about 25%