Hend.far East Share Price (HFEL)

Realist1, I would disagree and say the manager is as opaque as an old dog's eyes. There was no admission that the options trading had increased in the year because they need to convert capital in to income if buying higher quality growth companies. This is the function of put options. He also danced around the question about the top 10 companies not seeming to pay an aggregrate yield that equates to the yield of the trust, but we already know why this is. He did atually admit to being caught out by value traps, which is hard listening given they are paid handsomely to avoid common investment mistakes, including value traps.

The trust has clawed back some of the huge losses I have incurred as a long term investor, and I will continue to hold in the hope that his luck (not judgment) continues.

They did not summarise the dividend situation in a single statement so you really need to watch the whole video which I appreciate is quite lengthy. Towards the end, a question was raised regarding dividend 'value traps' being the cause of the decline in the share price. As you would expect, this was not openly admitted but they stated the fund would be avoiding and moving away from those in the future.

For this presentation, you would expect a certain amount of sugar-coating but they did at least address the issues that have been mentioned on this forum, are aware of them, and did not attempt to sweep them under the carpet.

I haven't had a chance to watch the webinar yet. But for anyone who did, is the dividend plan still as we have anticipated; maintain at current levels until earnings full cover it, using reserves in the meantime? Was there any hint how long it will take to reach a fully covered dividend (at 24.4p)?

Many thanks

Guitarsolo

Many thanks ShareSoc! I missed the live event.

It is interesting that they say dividends in India (and Indonesia) are comparatively quite low. This is no doubt a reason why they are not investing more in India. They do however point out that there is a potential for these dividends to increase. All a balancing act.