Shires Smaller Companies Share Discussion Threads

[aleman] 21/4/2009 13:04

IMS out - some significant tinkering with portfolio allocation.

[rogerbridge] 20/4/2009 18:57

There are some nice small/mid caps paying some very good dividens. Nice to see the proceeds go into your account.

[aleman] 20/4/2009 14:45

NAV 17/04/09 74.96p (inc. 0.78p deficit on acc. income)
CLose 60.5p
Discount 19.3%
Yield 11.6% (on directors' 2009 forecast)

[aleman] 15/4/2009 14:57

And just to prove it they rose today while SHD fell so it's maybe in SHD's favour now. Anyway, not much difference with discounts in the order of 20-22% on both.

[aleman] 14/4/2009 19:23

Not much difference. SDV is probably an odd penny better value.

[crawford] 14/4/2009 16:35

Do you think this is better value than SDV at present?

[crawford] 14/4/2009 16:33

I think this is a good one to buy more of - looking poised to rise quicker than the underlying holdings.

[aleman] 14/4/2009 16:22

NAV 09/04/09 72.47p (inc. 0.67p acc. income)
Close 56.5p
Discount 22.0%
Yield 12.3% (on director 2009 forecast)

[aleman] 07/4/2009 12:21

1st quarter of forecast 7p annual dividend declared for the month end, going ex-dividend next Wednesday:

7 April 2009

Shires Smaller Companies plc

The Board of Shires Smaller Companies plc has declared a first interim dividend
of 1.75p per share in respect of the year to 31 December 2009 (first interim
2008: 3.40p) payable on 30 April 2009 to shareholders on the register at close
of business on 17 April 2009.

[aleman] 07/4/2009 11:02

NAV 03/04/09 70.72p (inc 0.36p acc. income)
Close 55p
Discount 22.2%
Yield 12.7% (on director 2009 forecast)

[aleman] 02/4/2009 16:04

PING!

NAV probably about 69p today - maybe even 70p. Discount finally playing catch up but still about 20%.

[rogerbridge] 01/4/2009 17:57

Looks as though I need some more for the wife's ISA.

[aleman] 31/3/2009 17:11

Looks like discount is back up over 25% with today's moves. Didn't stay there long last time.

[aleman] 31/3/2009 12:14

Chesnara increased final dividend a whisker.

[aleman] 30/3/2009 15:06

NAV continues to creep up as shares continue to creep down.

NAV 27/03/09 67.11p (inc. 0.29p acc. income)
CLose 51p
Discount 24.0%
Yield 13.7% (on 2009 directors' forecast)

[eithin] 27/3/2009 19:14

knackered since the snake oil salesmen took over. if i remember their income unit trust was somehow tied up with their split capital trust. sold when glasgow managers went. try threadneedle high yield and invesco monthly income, both monthly income yielding around 8%.

[aleman] 27/3/2009 19:03

Maybe trying to work that 30k sell pushed the shares down in advance. On their usual 5-10% discount these would be about 60-63p. They used to have a buyback plan to try keep the discount to 10% but dividend cuts will have eaten into that. With the dividend now reduced to 7p for 2009, it is debatable whether they have the cash to reinstate it.

[markxz] 27/3/2009 18:35

Becuase this trust is having a loser fund manager. It is highly geared you would expect that with FTSE up almost 10% from its low, the few funds she manages should be geared up a lot, but No.

[aleman] 27/3/2009 18:33

Discount now 24%. FT article said many UK income trusts had moved to premia in recent weeks in the scramble for income.

[aleman] 27/3/2009 11:32

Why isn't SHD following the smallcap market up?

[crawford] 19/3/2009 12:31

I hope so.

[aleman] 19/3/2009 12:30

How can the mid-cap 250 UK stocks be 17% above November lows yet SHD are still plumbing the depths. It must turn soon.

[aleman] 12/3/2009 15:17

At Dec 31

Total Shares = £13,590,000
Total Corporate Bonds = £7,791,000
Total Prefs = £6,908,000
Other = £1,180,000

Ordinary shares only 46% of investments.

[aleman] 03/3/2009 09:36

I've replaced the old paragraph in the header about the dividend with that one. I'm surprised the shares are down on confirmation of a 12% yield for this year.