Chelverton Uk Dividend Share Discussion Threads

[plasybryn] 13/8/2013 19:40

Since that Moving Average cross, it has done very well.

More to come ?

[lord gnome] 05/8/2013 20:25

..... So does the share price. A good one-day move for this.

[plasybryn] 02/8/2013 18:17

Good to see the 20 day M.A. crossing back above the 50 day M.A. Chart looks solid.

[aleman] 31/7/2013 17:38

Total Assets (including unaudited revenue reserves at 26 July 2013)
of GBP33.94m

Net Assets (including unaudited revenue reserves at 26 July 2013) of GBP24.97m

The Net Asset Value (NAV) at 26 July 2013 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 153.69p 16,250,000
Per Ordinary share (bid price) - excluding
current period revenue* 150.79p
Ordinary share price 138.00p
Discount to NAV (10.21)%
Ordinary shares have an undated life

ZDP share 105.45p 8,500,000
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

*Current period revenue covers the period 01 May 2013 to 26 July 2013



END

[aleman] 23/7/2013 14:22

Total Assets (including unaudited revenue reserves at 19 July 2013) of GBP33.63m

Net Assets (including unaudited revenue reserves at 19 July 2013) of GBP24.67m

The Net Asset Value (NAV) at 19 July 2013 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 151.83p 16,250,000
Per Ordinary share (bid price) - excluding
current period revenue* 148.89p
Ordinary share price 137.25p
Discount to NAV (9.60)%
Ordinary shares have an undated life

ZDP share 105.34p 8,500,000
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

[aleman] 17/7/2013 00:20

SMALL COMPANIES DIVIDEND TRUST PLC

The Company announces:

Total Assets (including unaudited revenue reserves at 12 July 2013)
of GBP33.80m

Net Assets (including unaudited revenue reserves at 12 July 2013) of GBP24.51m

The Net Asset Value (NAV) at 12 July 2013 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 150.81p 16,250,000
Per Ordinary share (bid price) - excluding
current period revenue* 147.89p
Ordinary share price 134.50p
Discount to NAV (10.81)%
Ordinary shares have an undated life

ZDP share 105.22p 8,500,000
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

*Current period revenue covers the period 01 May 2013 to 12 July 2013

[skinny] 09/7/2013 14:53

Thanks Aleman - having just checked, I see they make a habit of issuing the Annual Financial report after the market has closed.

[aleman] 09/7/2013 14:42

Annual results were RNSed yesterday evening.

Investment income has increased strongly such that revenue covered the 6.6p dividend and allowed an addition of 0.42p to revenue reserves. Net operating cashflow (after tax, performance fees and interest) improved strongly so that the dividend cover rose to 82% from 45%. (The difference between this cover of below 1 and "revenue" cover above 1 being the proportion of charges allocated to capital rather than all charges going against income.) In both cases the healthy improvement in cover is good news. I think we should see the dividend increase to at least 6.8p this year and quite possibly a touch more, with upbeat recent economic news enhancing the outlook.

In short, very pleasing results.

[wirralowl] 03/7/2013 12:05

Thanks, Aleman

[aleman] 03/7/2013 11:22

Largest holdings update is now in header.

[aleman] 03/7/2013 11:12

The Company announces:

Total Assets (including unaudited revenue reserves at 30 June 2013)
of GBP32.07m

Net Assets (including unaudited revenue reserves at 30 June 2013) of GBP23.14m

The Net Asset Value (NAV) at 30 June 2013 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 142.40p 16,250,000
Per Ordinary share (bid price) - excluding
current period revenue* 139.59p
Ordinary share price 134.00p
Discount to NAV (5.90)%
Ordinary shares have an undated life

ZDP share 105.02p 8,500,000
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

*Current period revenue covers the period 01 May 2012 to 30 June 2013

[aleman] 27/6/2013 12:44

I exaggerated the expansion of the discount in my previous post. I forgot to allow for the ex-dividend yesterday.

[plasybryn] 27/6/2013 12:36

Aleman: Looks possible

[aleman] 26/6/2013 12:13

Discount has already expanded to about 8%. UK economic news has been very strong in recent weeks (which hardly seems to have been reported - stronger PMIs, increasing employment, increasing vacancies, increasing mortgage advances, good borrowing figures for May on strong revenues) so I'm hoping for a bounce of the 50-day average as SDV follow the markets up again.

[cnx] 26/6/2013 01:58

aleman,
a similar story at AIF, where there is a small premium

[aleman] 25/6/2013 19:21

I only partially agree. The stockpicking seems decent and so does the yield but recent performance has benefitted from the discount shrinking as the wider market has turned south. The discount may well expand again, even though many income trusts have seen discounts disappear altogether this year. It's still a useful long-term core holding for anyone running an income portfolio, as good yield stocks have been getting harder to find of late.

SMALL COMPANIES DIVIDEND TRUST PLC

The Company announces:

Total Assets (including unaudited revenue reserves at 21 June 2013)
of GBP32.28m

Net Assets (including unaudited revenue reserves at 21 June 2013) of GBP23.37m

The Net Asset Value (NAV) at 21 June 2013 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 143.82p 16,250,000
Per Ordinary share (bid price) - excluding
current period revenue* 139.03p
Ordinary share price 136.75p
Discount to NAV (4.92)%
Ordinary shares have an undated life

ZDP share 104.87p 8,500,000
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

*Current period revenue covers the period 01 May 2012 to 21 June 2013

[plasybryn] 25/6/2013 15:17

Continues to be a great little income producing stock. Has weather the recent turbulence much better than most, in fact fantastically.

I'm impressed by the stock picking and yield.

I guess it is a Trust that few know about, but no doubt the performance will be recognised.

[plasybryn] 20/6/2013 18:33

Continues to be a safe port in a storm.

[aleman] 20/6/2013 18:25

The Company has today declared a fourth interim dividend in respect of the year
1 May 2012 to 30 April 2013.

A fourth interim dividend of 2.40p per Ordinary share will be paid on 10 July
2013 to the holders of Ordinary shares on the register at 28 June 2013, with an
ex-dividend date of 26 June 2013.

20 June 2013

[aleman] 14/6/2013 10:32

The Net Asset Value (NAV) at 07 June 2013 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 146.96p 16,250,000
Per Ordinary share (bid price) - excluding
current period revenue* 142.64p
Ordinary share price 136.00p
Discount to NAV (7.46)%
Ordinary shares have an undated life

ZDP share 104.63p 8,500,000
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

[plasybryn] 07/6/2013 06:43

SDV held up really well when most others in sector (inc. Unit Trusts) have suffered falls this week.

[cnx] 07/6/2013 02:42

i have an order in with my broker to subscribe for DNA3. I think the IPO closes shortly.

[wirralowl] 06/6/2013 14:11

cnx, do you have any links to DNA3 you could share? TIA. I've got shares in both DNA1 and 2 in the aftermarket at higher prices, but would be nice to get in at the ipo stage.

Aleman, they buy and then lease planes (Airbuses, to Emirates Airlines), with a view to selling them on at the end of the lease (around 2022 I think), and pay you a fixed income in the meantime. Currently yielding around 7.5%.

[aleman] 06/6/2013 13:35

cnx - not taken them up but thanks for the mention of dna2 and dna3. Not heard of them before.