Shires Smaller Companies Share Discussion Threads

[crawford] 03/3/2009 09:11

A dire set of results, but this comment stood out:

"After careful consideration of the Company's projected income generation and the reduced gearing levels, the Board anticipates that it will pay a dividend of 7p per share for the year ending 31 December 2009, inclusive of the equivalent of 1p per share relating to the VAT rebate. A dividend of 7p is equivalent to a yield of 11.5% on the current share price of 61p. "

[aleman] 18/2/2009 01:00

Maybe it does - discount narrower than for a while.

NAV 13/02/09 75.33p (inc. 1.23p acc. income)
Close 64p
Discount 15.0%
Yield 10.9%+ (on company 2009 forecast)

[aleman] 09/2/2009 13:43

Downtrend has broken but I don't suppose it matters so much in this type of share.

[aleman] 09/2/2009 13:41

NAV 06/02/09 75.48p (inc. 0.24p acc. income)
Close 58p
Discount 23.2%
Yield 12.1%+ (on company 2009 forecast)

[aleman] 28/1/2009 13:23

I see SHRS sold its holding of SHD down from 6.4% to 3.0% in H2 2008. This would account for the widening of the discount.

[py7777] 26/1/2009 17:01

Bid/offer spread of over 10%, plus share price fallen like a stone, you would need plenty of 9% dividends, less tax, to beat this..........

[aleman] 26/1/2009 16:41

NAV 23/01/09 75.41p (inc. 0.07p acc. income)
Close 54p
Discount 28.4%
Yield 13.0%+ on company 2009 forecast

[aleman] 15/1/2009 16:10

ATH up 10% on contract win.

[aleman] 12/1/2009 22:55

NAV 9/1/09 84.80p (inc.0.05p acc. income)
Close 63.5p
Discount 25.1%
Yield 11.0%+ (on company 2009 forecast)

[sommet2] 12/1/2009 19:56

Aleman,
I agree the yield is tasty but the bid/offer spread is over 10%. I thought I could deal within the spread but no chance.This really puts me off.

[shauney2] 12/1/2009 16:38

No problem Aleman.
Just looking around at trusts in general with a view to income.

[aleman] 12/1/2009 16:33

Busy atm, shauney. Might have a look later.

[crawford] 12/1/2009 13:57

Take a look at DTR, looking good (and I'm talking to myself over there).

[shauney2] 12/1/2009 13:32

Aleman i would be interested in your views on property income trust TAP.
Yield of around 30%?

[rogerbridge] 11/1/2009 14:26

I sgree with you Aleman. Bought some more.

[aleman] 11/1/2009 13:33

FT's savings round up this weekend again comments on falling savings rates where 4% is about what one can expect for tying up cash for a year with little more than 1% for instant access. It suggests equity income and corporate bond funds, yielding 5% or so and 9-11% respectively. (It gives Jupiter Equity Income fund on 5.1% as an example.) I think SHD will not yield a forecast 11%+ for much longer. If base rate falls to 1% or lower, I can see SHD doubling this year. My recent 58p (53p ex-dividend) top up is already showing a nice profit.

[aleman] 08/1/2009 16:08

LOL - 84.71p (inc. 0.04p acc. income). It will be interesting to watch income accumulate now to see how the forecast 7p+ dividend will come in after starting the year effectively at nil.

[aleman] 08/1/2009 11:35

Ahhh....made an error on Wednesday. Discount hasn't gone back above 30%. They went ex-dividend on Wednesday so the 2.5p fall was a rise of 2.4p after allowing for going ex-dividend. When NAV is published today, it will be around 85p with zero accumulated income. Discount will be about 26%.

[crawford] 07/1/2009 18:16

Oops, you're right! SHD only goes ex-dvd Friday according to my notes.

[aleman] 07/1/2009 17:07

Your doing it again, crawford! SDV is payable Friday. SHD is payable on the 30th. :-)

[crawford] 07/1/2009 16:38

Suits me, dividend due Friday and I automatically reinvest.

[aleman] 07/1/2009 14:57

Discount is back above 30% as NAV has risen past 90p.

[rogerbridge] 05/1/2009 18:43

I agree with you Aleman, fantastic divi and possible capital gain if held for the long term. The wife has closed three building society accounts today and she is looking for some dividend earners and possibly some high yeild and corporate bonds.

[aleman] 05/1/2009 14:01

NAV 02/01/09 86.94p (inc. 4.83p acc. income)
CLose 58p
Discount 33.3%
Company forecast 2009 yield 12.1%+

[cashflow101] 05/1/2009 10:11

I see one of shires "cousins" GLS or GIT as I affectionaly call it ,has also bounced a bit,including today........though git has halved its divie,even so its better than that 1.6% you quoted on banks etc......onwards and upwards...........maybe ?