Member Info for Markie1810

Yet again hfel are looking to release more shares. Clearly the board has forgotten the second part of the investment objective: "a growing total annual dividend

per share, as well as CAPITAL APPRECIATION, from a diversified portfolio of investments etc.

I see 16 million shares were released so far and another 4.8 million lately. Raised £39.1m, and a further £12.0m respectively. Clearly capital appreciation is playing second fiddle here. Yes the money raised is for investment, but capital appreciation, where is it?

Ronald needs to think about the capital appreciation aspect and just for once tell the institutions no more shares release and perhaps improve the NAV and increase the share price.

I am inclined to agree with you. The company’s investment objective states: “The Company seeks to provide shareholders with a growing total annual dividend per share, as well as capital appreciation, etc.” Last year 31st Oct 2021 to today Henderson issued 3,955,000 of additional shares effectively 2.55% increase in the number of shares, which won’t help the NAV of this stock, irrespective of the economic headwinds China’s zero covid policy is having. I look forward to seeing the release of this years annual statement and what if anything the chairman will do to support the share price and actually do something about capital appreciation!