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seeks to provide investors with a high dividend income stream while also maintaining the prospect of capital growth
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HHI listed as one of "Six great funds for your ISA" in this week's magazine. It's behind a paywall so can't share a link but includes the following: "...what makes the trust stand out from the peer group is the bond exposure, managed by the parent asset manager’s bond specialists. This provides more resilience and diversification to its income stream."
Yep that's true, still difficult to fathom though isn't it? I currently hold HHI as well as HDIV so when HDIV converts I'll have too much in HHI so I've sold some down before the conversion. Maybe others are in the same boat?
Hi Krustysmegma (haha)
That's a very reasonable explanation. The market caps are £186m (HHI) and £120m but the yields are not far apart.
Once any last div is paid, I'm not sure how it affects the joining of the two though, as discount to NAV for HDIV is currently marginal and would track down to the amount of any last divi.
If HDIV is simply added to HHI afterwards, then the new discount to NAV would be less than 10% but still significant.
I've been watching this & wondering the same Gavster. HDIV is rising whilst HHI falls, I'm just wondering if some are selling HHI to buy HDIV in the hope of one final "here's all we've got" divi there before conversion? Here's what it says in the conversion announcement on HDIV: "It is expected that the Company will pay a pre-liquidation interim dividend of current year net revenue to the extent that it exceeds current year distributions to all shareholders, including those who elect for the Cash Option." Just a thought.
This is largest I've seen since the pandemic dip.
Any long term investors see this king of discount before ?
So.. An opportunity here, a sign of lowering yields ( or even something at Henderson ) ?
Blimey just seen that. Nice.
Only hold a small amount (10K shares) here as looking to steadily build a larger position over next year. Steady eddy investment so not much to say. But 6%+ dividend is nice.
My favourite kind of ex-dividend day for HHI today, when the SP actually stays the same or goes up.
I had to double check it's the 14th today, as it behaved more like ex-div yesterday.
All good, recently increased by holding here.
Long term, I’m sure that trade will be in profit, and in the meantime you can content yourself with a dividend over 6%. Good luck!
142.. Ouch !!
Bought today as HHI is looking cheap. Chart suggests a quick-ish bounce back to 160 IMO where I hope to top slice today's holding, but up until recently anything under 170 has been a buy. This however could be a move to a lower range.
We'll see.
That's my sell showing at 12:21pm. Must be a fluke. Used the money to top up Edinburgh trust as it's the yearly big dividend next week, and I will probably see all my holding then as it November before they pay another dividend and I will see where they are then. I am actually just playing with the shares I still hold in my share dealing account. I intended getting back in BP and Shell before their next dividend, but not at current prices.
Murray International
https://citywire.co.uk/funds-insider/news/murray-internationals-runaway-premium-spells-trouble/a702574?section=funds-insider
@adv1
Very weird
@adv1
" just checked and when I first discovered SDV in Sept 2020, I bought in at 127p, and then topped up at 110p a month later. The stuff that dreams are made of."
That is well after the bottom of the market yet superb gain....greedy bugger!
It's all very weird today - I have noticed they often reduce the price the evening before to reflect it going ex-dividend.
However, I just sold part of my holding to have some cash to top up elsewhere. I was quoted a spread of 176.6 to sell, 179.2 to buy, but my sale price went through at 183.25p. I was so mystified I almost missed it.
Previous post not well explained.
My shares were down as having a share price gain 23.5%
Today showing as a 19% gain and the share price fall of 0.5%?
Assume the fall is based on starting price AND the starting price was below the below the finishing price.
Before opening i checked HHI up 23%. Down as fallen 0.5% but is showing that up 19%.
Am I right in thinking the change is because the fall is based on todays starting price not the previous days finishing price?
We are probably going to get roasted for discussing SDV on here, but just checked and when I first discovered SDV in Sept 2020, I bought in at 127p, and then topped up at 110p a month later. The stuff that dreams are made of.
SDV is a split capital ZDPs redeem 30/04/2025.
132% gearing. I assume but don't know that all the gearing comes from the zeroes. So if you believe the market is going up then this is an obvious choice. HHI had 137% gearing when I bought in January. So you can see the benefits of gearing...when the markets are going up!
Henderson far East was close to the bottom of the market (26/03)
Might have bought more (emphasis on might) but main aim is avoid China as much as possible and nothing whatsoever in the "fangs". The latter is difficult the former is not. I was far from fully invested when crash came. I had in fact predicted it 3 years before.....not for the right reason!
Murray International I doubled up on the day 25/03. It had risen 5% in an hour 6.2% dividend up 38%. Its 5 year figure is 35%. Not a great investment trust in terms of share price growth bottom of the table to be precise. But nearly always trades at premium. At one time a 12% premium? Insufficient US share to keep up with the pack. The manager thinks the world will end tomorrow for developed countries due to government debt. He refers to quantitative easing as economic vandalism!! Definitely a diversefier!!
Again though HHI share price growth has been quite spectacular for a income equity trust over such a short period of time. Bought January.
Used a £30,000 equity release (received January) to buy 6 investment trusts. Total dividends £1385 (last year)interest £780 which I will pay. Leaving me with £600 worth of beer money. Sweeeet. Note £395 broker fee £650 plus vat my solicitors fees. So not really 2.36% interest.
Yes that is SDV. Just shows the power of investing at the right time, on the occasional times we get it right. Just presents the problem of whether to take the profit or keep the yield. I took the profit on Jarvis and BlackRock WM and Energy, but am reluctant to sell SDV or a few others I have a huge yield on.
@Gavster-NBC
Up 17.5% on HFEL (Henderson far East??) I think I am on 8.3% dividend. Slightly better than the 5 year figure. Share price going no where in a hurry. Up 23.5% HHI. Considering the dates of purchase HHI is proving a beauty.
Hi adv1
Just looked at Chelverton. Which fund ?
Smaller market caps size cane be more nimble.
SDV Yield shows as 4%. Capital growth definitely better than HHI though.
Hi Russon.
Not sure what you mean by "Janus is using this share to dump dog trusts from elsewhere just to increase assets under management.".. Could you explain in laymans terms ?
The chart since 2012 shows growth of 50% (Far better than the FTSE) and with the Dividends a return of around 8p a year that's another 50%. Not the most exiting investment in the world but it's decent return and decent yield.
Held shares since 1989/90 launch. Share price stagnant over that period. Have more shares now than some Directors. I fear with the mergers that Janus is using this share to dump dog trusts from elsewhere just to increase assets under management. Waiting to see how this recovers after Covid.