Chelverton Uk Dividend Share Discussion Threads

[envirovision] 18/2/2014 17:52

Discount to nav still to wide imo

[aleman] 12/2/2014 08:57

Total Assets (including unaudited revenue reserves at 07 February
2014)
of GBP40.35m

Net Assets (including unaudited revenue reserves at 07 February 2014)
of GBP31.11m

The Net Asset Value (NAV) at 07 February 2014 was:

Number of
shares in
issue


Per Ordinary share (bid price) - including
unaudited current period revenue* 187.95p 16,550,000
Per Ordinary share (bid price) - excluding
current period revenue* 182.09p
Ordinary share price 179.25p
Discount to NAV (4.63)%
Ordinary shares have an undated life

ZDP share 108.80p 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 07 February
2014, including a one off special dividend from Avesco PLC of GBP
500,500 equivalent to 3.02 pence per Ordinary share.

[envirovision] 12/2/2014 08:39

The next divi payout in April could be 4.5p then reading that update, nice one!

[rford78] 08/2/2014 17:39

thanks carterit

[carterit] 08/2/2014 00:24

next ex-div date expected to be late march/early april,with pay out approx mid april and expected amount 1.48p,based on the 2 preceeding quarterly dividends

[rford78] 07/2/2014 21:28

When is the trust going ex-dividend , please ? What is the expected payout per share ? Thanks.

[envirovision] 04/2/2014 17:07

The other thing is they have an excess of cash to reinvest so it looks like their issue of further equity was timed right at the top of the market and now they can top our holdings and reinvest on this current pull back, I'm tempted to add more.

[aleman] 04/2/2014 14:27

NAV has actually risen. We've gone from a 3% premium to a discount of 11% or so in about 2 weeks. Mad!


The Company announces:

Total Assets (including unaudited revenue reserves at 31 January 2014)of GBP40.97m

Net Assets (including unaudited revenue reserves at 31 January 2014) of GBP31.04m

The Net Asset Value (NAV) at 31 January 2014 was:


Number of shares
in issue

Per Ordinary share (bid price) - including
unaudited current period revenue* 187.56p 16,550,000
Per Ordinary share (bid price) - excluding
current period revenue* 181.66p
Ordinary share price 177.00p
Discount to NAV (5.63)%
Ordinary shares have an undated life


ZDP share 108.68p 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 31 January 2014,
including a one off special dividend from Avesco PLC of GBP500,500
equivalent to 3.02 pence per Ordinary share.

[skinny] 28/1/2014 13:08

Total Assets (including unaudited revenue reserves at 24 January 2014) of £40.43


Net Assets (including unaudited revenue reserves at 24 January 2014) of £31.01m

The Net Asset Value (NAV) at 24 January 2014 was:

Number of shares in issue 16,550,000

Per Ordinary share (bid price) - including unaudited current period revenue* 187.35p
Per Ordinary share (bid price) - excluding current period revenue* 181.48p
Ordinary share price 185.00p
Discount to NAV (1.25)%
Ordinary shares have an undated life


ZDP share 108.56p 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 24 January 2014,
including a one off special dividend from Avesco PLC of £500,500
equivalent to 3.02 pence per ordinary share.

[speedsgh] 28/1/2014 13:00

Very interesting post re the current IPO market for small companies courtesy of Simon Gordon on the Share Ideas: macro & micro. (SHA) thread -

[skinny] 27/1/2014 16:41

Losos try this :-

<Font color=red/> text </Font>

[losos] 27/1/2014 16:35

Aleman - right let's see if I can do it !!

This is the italics thingy

This should be

Skinny / Alemann Aha think I've got it now, sorry brain a bit slow today ha ha.

[aleman] 27/1/2014 15:33

Type (font color=X) where X can be lots of basic colors, but use the angle brackets after the letter m on a conventional keyboard, rather than curved brackets. (/font) afterwards then turns the colour off again. Others I use sometimes are (b) (/b) for bold and (I) (/I) for italic, again using angle brackets.

You might get your chance. The main indices are falling again.

[losos] 27/1/2014 15:25

Aleman - "fed with hot money and got ahead of itself a bit"

I felt that too, I'm waiting to add here, just wondering if there's a tad more of a drop to come. (BTW what's the 'code' for your purple text)

[aleman] 27/1/2014 14:18

FTSE 250 has recovered nearly half its morning loss so it's down a little under 0.7%. Meanwhile, we're down nearly 7%! There's been high volume in these recently. Almost feels like it's been fed with hot money and got ahead of itself a bit. I'm wondering where it's come from.

[aleman] 27/1/2014 11:52

Cripes! Looks like she's gone from a slight premium to a more usual 10% discount in a morning's trading.

[trentendboy] 27/1/2014 00:18

It was a good time to short - more to come with the continued sell off

[plasybryn] 21/1/2014 16:45

What 3%! Justified given exemplary growth performance and solid yield.

[trentendboy] 21/1/2014 16:42

PREMIUM to Nav.

Might have to stick a short in here ;-)

[plasybryn] 21/1/2014 16:36

£2 getting very close now!

[aleman] 21/1/2014 16:35

The Company announces:

Total Assets (including unaudited revenue reserves at 17 January 2014) of GBP40.87m

Net Assets (including unaudited revenue reserves at 17 January 2014) of GBP31.06m

The Net Asset Value (NAV) at 17 January 2014 was:

Number of shares
in issue
Per Ordinary share (bid price) - including
unaudited current period revenue* 187.68p 16,550,000
Per Ordinary share (bid price) - excluding
current period revenue* 184.93p
Ordinary share price 193.25p
Premium to NAV 2.97%
Ordinary shares have an undated life

ZDP share 108.44p 8,500,000
ZDP shares are held in a subsidiary and have a redemption date
of 8 January 2018

[trentendboy] 16/1/2014 19:53

Interesting operation.

Institution wants shares so just print a few hundred thousand.

Clearly bullish but would have risen even further if they had had to buy in the open market.

What is the money for?

Odd.

[skinny] 16/1/2014 13:21

This announcement follows that made by the Company to the market on 14 January
2014, whereby the Directors of Small Companies Dividend Trust PLC ("SCD Trust")
announced the issue of 300,000 new Ordinary Shares ranking pari passu in all
respects with the Ordinary Shares already in issue at an issue price of 189.5p
per Ordinary Share.

The New Shares are being issued for cash in order to meet investor demand.

The new Ordinary Shares have been allotted by SCD Trust, subject to admission
to Listing and to dealings on the London Stock Exchange ("Admission").
Admission has been applied for and dealings in the new Ordinary Shares are
expected to commence at 8.00am on 17 January 2014.

The total number of Ordinary shares in issue following Admission will be
16,550,000.

The additional cash raised will be invested in SCD Trust's portfolio.

Enquiries:

Small Companies Dividend Trust PLC
William van Heesewijk
Chelverton Asset Management Investment Limited
Tel: [phone]



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