ASEI.L Share Price (ASEI)

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).