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Happy with ASEI. Bought May 2020 after selling cty for 18% gain (bought March 2020). Up 39% and 7.2% dividend. Bought on 16% discount now on 2% discount.
Things went wrong for this Trust around 2018. It's share price was £5 then so performance dire. Share price down 10% over 5 years. I am hoping this is long time hold but I have my doubts that value will be back in fashion for very long. As long as it shows some share price increase on average over 2-3 years then the dividend would be a very fair return.
Nice to see a small dividend increase ......Just under 6% yield nice share to hold
The Board has determined that the Company should announce a fourth interim dividend of 5.6 pence per share which will be paid on 21 January 2022 to shareholders on the Register on 24 December 2021, with an associated ex-dividend date of 23 December 2021. This takes the total dividend for the year to 21.2 pence per share, which is a 2.9% increase on the dividend declared for the 2020 financial year and the 21st consecutive annual dividend increase paid by the Company. The Board recognises that this increase is not fully covered by the net earnings of the portfolio, but has concluded that given the strength of the recovery in the Company's earnings in the last 12 months following the Covid-19 pandemic and the confidence that the Manager has in the sustainability of the revenue account into 2022 and beyond, that this significant increase was appropriate. The Manager expects that earnings will continue to recover from here and are likely to exceed the cost of the projected dividend distributions in 2022.
Hi Soton and anyone else,
I've mentioned previously the similarities bw these two shares.
Having just looked at their SPs since 31/3/20, their performance has been more or less identical with a 41% rise for IUKD and 40% for ASEI.
There has been a chnage in divi yields though as IUKD cut to 27p over last 12 months vs 46.7p previous 12 months.
While ASEI has paid 20.6p vs 20.8p.
I made a choice in December to switch from IUKD to ASEI and have been lucky to find that ASEI has outperformed IUKD in this period (+19% vs + 12.7%). and has paid a much bigger divi too (3.3% vs 1.7%).
My plan is to stay with ASEI for now, but may well switch back to IUKD in due course if there is divergence in performance, on the basis I would buy the laggard for recovery.
I run a similar comparison with tobacco stocks IMB and BATS, to try and time sales and purchases.
This is not everybody's cup of tea, but just gives some alternatives to holdings in a p/f is there is room.
Cheers - CSDI
Nice to see a bit of momentum in the SP since year end.
We are up approx 13% (40p) since 31/12 vs the FTSE gain of around 6%.
The board have indicated divis will be at least 21.7p for the year.
It's been in the doldrums for a while, but looks like a number of the recovery shares in the trust performing well recently (CMCX, BATS, SSE).
Fingers crossed for a return to £4 + over next 6-9 months.
A sound divi to keep us happy while we wait for some SP growth.
This trust seems to be a nice stocking filler as a core holding in a balnced p/f.
Cheers & GLA - CSDI
This goes ex div tomorrow and I noticed today's spread was 5p for long parts of the day - talk about MMs manipulating.
Normally the spread is about 1% or 3p in the morning, then reduced to 2p and 1p as day goes on - but not today for some naughty reason.
Anyway as this is part of my LTH p/f, can just wait for SP to grow over time. Judging by the way much of the FTSE market is now ahead of the pre-covid Mar 20 levels, it seems harsh that this is lagging by about 20% from those levels (£4).
Hi Soton
Likewise I hold a number of HY shares, but generally these have disappointed as tech/growth has been flying while HY (or value in my mind) has been out of favour in UK. I think we both hold AV which is coming to life at last. GSK seems to be in trouble and i am in two minds as whether to hold on while now at multi year lows, or cut and run, which would mean about a 15% loss on about 18% of my SIPP. I have escaped from VOD and BP, and have gone for PFC as a "Recovery play".
I have just run a chart comparing ASEI with IUKD which shows ASEI is better over 3 & 6 months, and slightly worse over 12 months. Now that IUKD divi has been cut to approx 50% of LY levels of the first 3 qtrs, gives ASEI the superior return.
A forward yield of 6%+ and the statement alongside Q1 divi stating plan to pay at least 20.7p this year vs 20.6p last yr gives ASEI the higher yield.
Best wishes & Good luck - CSDI
I hold a bit of UKID my intention is to hold various stock and funds that pay hy divis in a few years plan to retire maybe will put a placing in this as the divi is quarterly....then hold for the long haul....Vodafone I hold 15k looking to reduce this break even at 138 maybe put 5k here and 5k into vantage towers when it floats
Interesting comment as I just look at the price to buy and sell, as that determines my profit.
Notice that NAV to SP discount has reduced from >10% to around 8% currently.
I look closely at the monthly fact sheet
https://www.aberdeenstandard.com/docs?editionid=cc3f7eae-f4d4-4fda-9a36-ef35708d5e5f
I will be monitoring total return vs IUKD, as the difference in SP movement over time may compensate for the yield variations. Time will tell.
I have sold my VOD recently as well as BP.
I sold part of my GSK yesterday to play the ex div, and not sure if I want to put those funds into another share.
GSK looks like to it could be a long haul to recovery, so cut my weighting from 22% of p/f to around 15% for now.
I am bottom fishing with it atm, and expect to give it a couple of days to see where it goes, having hit another 52 week and 5 year low today.
Cheers & GL - CSDI
have looked at this fund...the charges are quite high so maybe not for me....
Hi Soton
I have just increased my p/f weighting from 4% to 9% on this in time for the Q1 divi.
I decided to sell my VOD at break-even, as just recived that divi after a weeks delay, so just got a little extra to add to ASEI.
Good luck - CSDI
Same as..hold...VOD GSK AV BP (oh dear)….bought last Jan have Lloyds as well lost a load on them as well so your not the only CSDi…..my strategy is long term hold..saying that may sell some vod to invest in Vantage towers that just put the kiss of death on them lol
Hi Soton
I am mainly invested in HY shares, but suffer from falling SP being > divi.
My p/f includes the following high yielders - ASEI, AV., GSK, IMB, NG, SUPR, VOD.
I have followed Stephen Bland and his own HYP philosophy for some years. Where he has been successful over a long period, I have failed miserably.
My complete p/f can be seen from the "General Chat" BBs together with constructive criticisms from other posters.
I would warn you though I call myself CSDI with good reason - Crap Share Dealing Ideas
interesting read...I've of a bit of UKID and might dip my toe in here....few years away from retirement so seeking good income stock
Hi all - that is a limited audience for this share LOL.
The SP continues to meander along for now.
1st qtr divi just announced at 5.2p the same as LY.
Board have advised that investors should be able to plan for the same for Q2 and Q3, with a minimum 5.1p for Q4, to give a total annual divi of at least 20.7p, compared to 20.6 LY
Currently that gives a divi of 6.7%.
with a NAV of approx 346p, it continues to trade at approx 10% discount to its underlying value, as it has done for some time.
I am still only vey small amount invested and would like to top/double up when funds permit.
I bought this as alternative to IUKD in early Dec, selling IUKD to fund purchase.
I think IUKD has risen 2% over the same time, so no benefit to move at present.
both have a number of similar shares.
Cheers
Hi All, Just bought this today at 307.9p, as part of my SIPP. It is just 4% of my p/f, to sit alongside another fund - HHI. Both have dividend yields in region of 6.6%. These have been bought to replace a holding I had in IUKD which has a number of the same holdings. The IUKD had been bought in 2009 when the divi was approx 52p per share (around 6.6% at the time), but with a big fall this year in values, the SP now around 650p compared to 790p when I first bought, and the dividend cut down to about 26p per share. Fingers crossed this fund heads back to the £4 level it was before Covid struck the stock market.
ASEI is seemingly trading at a discount based on its net asset value (NAV). That combined with its significant drop in recent SP from over 400p to 280p and a juicy 7.5% dividend yield, suggests it is a "WEAK BUY". Others may see it as a "Strong buy" but I am erring on the side of caution here. GLA!