Member Info for ade2a

Mr Guitarsolo

You do not believe I am trying to have a conversation.
You and Zac disagree with all my posts.
Write about a point of technicality and iI will discuss it with you.

I have posted on this notice board all the technical data I know from publically acquired information I am happy to discuss it. I am not happy to post privately acquired private information for this discussion board to round on me and disagree, disagree, disagree and disagree.

Zac

Is it:
1. Not possible for HFEL to pay a dividend in excess of the yield on the underlying shares?
2, Not likely that HFEL pay a dividend in excess of the yield on the underlying shares?
3. Is all that matters the earnings reported in the managers report?

Zac

Yeild is not important. For you that is fine I do not disagree with you.
The earnings cover the dividen. I agree.
What do you strogly disagree about?

My post have been saying the same for years.

I am a little conffused about which comments are a genuine attempt to have a conversation.
That said do we remember the phrase 'dividend aware'.

Zac

Then I do not understand why you are in this conversation why you keep disagreeing with me.
Yield is not important, the rest of this converasation does not matter.
You almost seem to dislike me start another thread with your issue or not you can do whatever you like have whatever opinion you like.

You challenged me many times asking me to quote by how much dividends are enhanced of course knowing I will not have that number at my finger tips. You said at one time i did not provide details yet yield is not important to you. Why do you need to know now what the discussions are about the dividends this aparrently is not important to you.

Zac

Or earnings/share price

Both are very close together since the fund trades at or slightly above NAV

Zac

Yield = earnings/NAV

Haven't I discussed this this already one or two years ago.

Zac

Is it:
1. Not possible for HFEL to pay a dividend in excess of the yield on the underlying shares?
2, Not likely that HFEL pay a dividend in excess of the yield on the underlying shares?
3. Is all that matters the earnings reported in the managers report?

Zac

Why did you disagree do you still disagree?

Longtimeinvestor

How would you like to phrase the question?

Zac.
Before I reply I believe I have earned the right to ask you why you objected to my comments early on.
Your main point was that the reported earnings covered the dividends but later go on to lament the poor caital performance.
I don't know but will be interested to hear if you can now accept these issues may be related.

Do we think the recent recovery in HFEL share price is down to good management or a rising tide of appreciating Far East assets combine with a weak GBP?

The information is is public and I have spoken to an investor who did indeed speak to Mike.
I have mentioned this many many times.
No point asking me again I don't have a different answer.

I have answered already.
FYI I have spoken to an investor who did speak to the Managers and I know their opnions.
I did not post them because the discussion did not develop as you know.

If you do not believe my stated intentions what can I say?

Very sorry.

"Why on earth would you not take the opportunity to question Mike Kerley about it?!"
Because all information in those comments were from publically available sources. In my posts from some time ago I quoted the source of the information used.

I don't know if objectors want to say dividend stripping is not possible or cannot happen within HFEL everyone is entitled to their own opinion.

All correct of course.

You misunderstand my issues with the dividend.
I really just wanted to open a discussion.
I did not say it is right or wrong necessarily just a likely event within the trust.
I did watch the webinar much of a muchness from what I saw.

On behalf of many in this community thanks for posting the link for the webinar.

With the webinar approaching soon I would like the community to consider how they would define the success or otherwise of HFEL:
Is it total return over a particular period?
is it total return against the sector?
Is it the ability to be able to continually increase dividends per share?

From the comments in the community it is not clear what shareholders are looking for.

Damienmore

"As an investor I shouldn't have to resort to digging around like a private detective, and being left estimating/guessing anything. The information should be declared fully in the annual report/s".

I would say the onus is currently pn the investor as there is no legislation to compel Investment trusts to be explicit.
BTW this is not the only investment vehicle that pays a dividend above the yield of the underlying assets.

There are two avenues open to you:
Have you checked my previous posts?
Have you tried to contact the Managers?

"I invested in this trust because they said they generated income from the investments + options. I have never once seen in any of their annual reports that they utilise a dividend stripping/capital return strategy".

Now you are better informed out of interest what do you intend to do now?

Damienmoore

There is sufficient information available for a diligent investor to estimate the level of dividend stripping.
I have hinted at the level in this recent conversation and I have gone through a calculation of this estimate some time ago.
In addition I know the managers have discussed their strategy with private investors. I have not personally had a discussion with them but I know an investor who has.

If your concern is individual, sufficient information is available. If your concern is transparency this is slightly different issue please indicate what your real concern is Damienmoore.

Perhaps you can try to contact the Managers and let us know their response,