seeks to provide investors with a high dividend income stream while also maintaining the prospect of capital growth
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Started: Gavster-NBC, 23 Oct 2023 09:58
Last post: Gavster-NBC, 6 Jun 2024 15:58
This 10% discount to NAV is now permanent it seems.
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 ) ?
Started: Krustysmegma, 22 Feb 2024 15:36
Last post: Dartron, 28 Mar 2024 13:07
More good news from today:
https://quoteddata.com/2024/03/newly-enlarged-henderson-high-income-beats-benchmark-2023/
Henderson High Income says its NAV total return for 2023 was +9.8% compared with the benchmark return of +8.1%, an outperformance of +1.7%. Unfortunately, the emergence of a discount meant that the share price total return was +0.9%, with the share price ending the year at a discount to NAV of 7.7% having started 2023 at a small premium of +0.6%.
The dividend increased from 10.15p to 10.35p and this was covered by earnings of 10.39p.
continues...
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."
Started: Gavster-NBC, 14 Sep 2023 14:21
Last post: Nthoftheriver, 14 Sep 2023 16:22
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.
Started: Gavster-NBC, 27 Sep 2022 13:08
Last post: theoldmansdoneit, 28 Sep 2022 17:51
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.
Started: CSDI1962, 8 Dec 2020 19:58
Last post: adv11, 17 Jun 2021 14:57
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.
@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.
Started: FRTEB, 26 Feb 2020 19:26
Last post: softcell, 26 Feb 2020 19:39
Nice divi yield , would not expect much more I have had these in my income portfolio since 2015 when I paid 1.91 for them
I added a few of these to my income portfolio earlier today as a first tranche. The yield on offer is too good to pass by.
HFEL NEWS https://www.trustnet.com/Factsheets/Factsheet.aspx?fundCode=ITHHI&univ=T Issue of New Shares The Board of Henderson High Income Trust plc is pleased to announce that it has raised approximately £32.1 million in connection with (i) the Company's participation in the proposed scheme of reconstruction and voluntary winding up of Threadneedle UK Select Trust Limited ("UKT") and (ii) the Initial Placing and Offer. The number of New Shares to be issued to UKT Shareholders under the UKT Scheme is based on the HHIT FAV per Share and the UKT FAV per Share. The HHIT FAV per Share was 192.63 pence and the UKT FAV per Share was 223.28 pence. Accordingly, UKT Shareholders will receive approximately 1.16 New Shares for every UKT Share held by them. In aggregate, the Company will issue approximately 15.2 million New Shares under the Scheme. New Shares issued under the Initial Placing and Offer will be issued at an issue price of 194.56 pence and approximately 1.4 million New Shares in aggregate will be issued pursuant to the Initial Placing and Offer. Applications have been made for the approximate 16.6 million New Shares to be issued pursuant to the Scheme and the Initial Placing and Offer to be admitted to the Official List (with a Premium Listing) and to the London Stock Exchange for the New Shares to be admitted to trading on the Main Market. It is expected that Admission will occur and dealings will commence in the New Shares to be issued pursuant to the Scheme and the Initial Placing and Offer at 8.00 a.m. on 29 June 2017. The Company will not invest more than 15% of its total assets in any single investment, nor will it invest more than 15% of its total assets in other investment trusts or investment companies. The Company has an active policy of using appropriate levels of gearing, usually in the form of bank borrowings, in order to enhance returns. A degree of gearing is usually employed with respect to the fixed interest portion of the Company’s portfolio in order to generate additional income. The drawdown of borrowings is principally in sterling but may be in other currencies, provided that these borrowings do not exceed the assets held in that particula http://www.investorschronicle.co.uk/2017/04/12/funds-and-etfs/investment-trusts/henderson-high-income-and-threadneedle-uk-select-plan-merger-XoU9jyerZtggqfdmq5mmpJ/article.html
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