Shires Smaller Companies Share Discussion Threads

[aleman] 05/1/2009 09:33

Finally bounced and starting to follow the market back up. A long way to go to get back to a 10% discount though. Forecast yield of at least 11% still a little better than the 1.6% available on the average instant access savings account.

[aleman] 29/12/2008 15:29

NAV 24/12/08 85.96p (inc. 4.78p)
Close 56.25p
Discount 34.6%
Company Forecast 2009 yield 12.4%+

[aleman] 22/12/2008 22:24

NAV 19/12/08 86.16p (inc.4.8p acc. income)
Close 56p
Discount 35.0%
Company Forecast 2009 Yield 12.5%+

[aleman] 22/12/2008 12:28

News release: 22 December 2008

Shires Smaller Companies plc




As previously indicated, the Company announces that it has repaid the December 2008 zero coupon finance obligation of £11,100,000 for value 19 December 2008 from cash resources held.




The Board has also declared a fourth interim dividend of 4.90p (2007 - 4.9p) per share in respect of the year ending 31 December 2008 payable on 30 January 2009 to shareholders on the register at close of business on 9 January 2009. The total of the four interim dividends declared in respect of the year to 31 December 2008 is 15.10p (2007 - 14.95p).

[traderx2u] 22/12/2008 12:24

WTF! It hasen't dropped any further today, how strange....

[rogerbridge] 18/12/2008 17:56

Me too. Added another couple of thousand to my ISA yesterday.

[crawford] 17/12/2008 17:07

Aleman,
I thought this effect would have happened much sooner than now so I hope this is a definite trend.

Regards

[aleman] 17/12/2008 14:48

NAV creeping up. Discount just starting to close a touch - still maybe 35%. Long way to go yet to get back to 10%!

[crawford] 16/12/2008 18:24

Thanks Aleman!

[aleman] 16/12/2008 17:05

You are confusing with SDV, who have just issued their half-year report, by the way.

[crawford] 16/12/2008 16:40

For some reason I thought there was a 1.2p dividend last Friday here. I must be wrong - can someone confirm that I'm wrong?

Regards

[aleman] 16/12/2008 11:29

But it is being cut to at a minimum of 7p next year and I don't want to mislead people.

[aleman] 15/12/2008 14:00

NAV 12/12/08 85.36p (inc. 4.61p acc. income)
Close 54p
Discount 36.7%
2009 Yield 13.0%+

[aleman] 12/12/2008 16:15

Obviously, they are going to fall until the line of stock is gone. I reckon they are still at a discount of 35 to 36% after adjusting for today's movements.

[crawford] 12/12/2008 14:54

Strange why it keeps falling

[aleman] 12/12/2008 14:53

I bought some more yesterday. You may be interested to know that the MMs couldn't meet my order. They had to ring somebody to see if they still had stock available to sell to help them out. The somebody did and I got my order filled at the offer.

[barnetpeter] 11/12/2008 19:43

45p please aleman. The mm's only paid 47p today so why not? Wall street due for a small pullback.

[rogerbridge] 11/12/2008 18:23

Waiting for it Aleman

[aleman] 11/12/2008 16:37

These are over 35% below NAV now! Buy at 58p and get 4.9p back in January so your virtually buying at 53p to get a promised 7p+ yield next year - that would be 13%+ yield. Even if you don't net off the final dividend, the forecast yield for 2009 on the rebased dividend is still 12.1%. What's more, I'm finding smaller shares seeing increased activity. The lower £ should benefit most quite a bit in the next year. Blue chips bottomed in October. Small caps are on lower ratings and have been starting to rise this week. When will SHD bottom?

[barnetpeter] 11/12/2008 13:05

A seller only got 47p earlier. Falling 5% per day. Hold on I say. 50p offer is coming....although I am looking for lower.