PJ Foster
12 Aug 2015
Chinese devaluation impact? I assume that's what is hitting Henderson for six at the moment. Obviously with some of the Chinese stocks held, the income that HFEL receive is going to be worth less £s - will this impact the dividend? If not - then the yield of HFEL makes this look super attractive right now - unfortunately it's already one of my biggest holdings and I've no spare cash - so not too sure about topping up.Hmm - decisions decisions.Cheers,
Greyinvestor
09 Jul 2015
Re: Topped up Touche Remnant, I think. But wasn't HFEL always from the Henderson stable?I approve of the rate of dividend increase slowing down a bit. My understanding is that corporate profits have declined a bit, so dividends must be under mild pressure......Nice to see lots of solid, long term holders of this trust. If only it were true of UK companies in general.As for yesterdays budget, all that I can say is that George has done a Gordon; a really hefty increase in my tax, and a reduction in tax allowance, all camouflaged as a move to hit independent contractors. We need a reforming Chancellor who understands the real world. Bring back Nigel Lawson!
IB Investor
09 Jul 2015
Re: Topped up Yes I have topped up too - have been doing this over the past 20 years and occassionally selling a few when they get very toppy - However basically they are great exposure to growing far eastern markets with a rare yield of over 5% - rare anyone in this market has a yield much above 1%
Fabius1
09 Jul 2015
Re: Topped up GreyI have a fair chunk of these but I am keeping something back for @260-280 range. Just think we will see some market pruning across the board. F1
Altair5
09 Jul 2015
Re: Topped up At first was gonna write and say rubbish,it hasnt underperformed the FTSE...............but you are right ! However the dividend yield is way above the FTSEs.Ive had em since the 90s too,in the days of "Touche Remant" Spelling !?
Greyinvestor
09 Jul 2015
Topped up Been a bit too busy to post recently, but I did top up with some of these at £3.19 a few days ago.Yes, it has high exposure to mainland China (about 20%) plus some HK, but it has been the best annuity that money can buy. On the capital side it has underperformed the FTSE over 5 years.This is easily my largest holding. In fact it is something like 25% of my investment portfolio. My first purchase was in 1998 at 76p. There are serious risks with SE Asia, especially China, but I see equal or greater risks in the USA, Emerging markets and so on. The Chinese situation is completely bonkers; the market doubled, why panic when it falls? The SE Asian debt crisis, and huge price falls, was how i got into HFEL.For a retiree, nothing much pays more; maybe just LRE, CLIG, CNKS.......Must dash...out for another day of unpaid work......and soon to become an involuntary landlord due to three daughters finally leaving the familial flat.
deepsleeves
08 Jul 2015
Re: Recent Falls FRTEBShare prices move up and down all the time irrespective of NAVs.Not sure that your statement is true for this type of share. They do respond to changes in NAV as reported daily although I agree that they do not exactly "mirror" those changesDeep
Fabius1
08 Jul 2015
Re: Recent Falls Vosene'I don't see how you can use chart analysis on something like this...'You would be surprised what one can do with some interesting charts.Certainly looks week. 249 is a touch off my scale but who knows. FRTEB could be right.F1
devonplay
08 Jul 2015
Re: Recent Falls I'm going to revisit the idea of adding in August....or as I like to think of it...the Month of Financial Panics!If anyone is interested..HFEL, SGI, PEY, UEM, REC, HRI and NVT are on my mind for then.And maybe CYN DLDL
FRTEB
08 Jul 2015
Re: Recent Falls Share prices move up and down all the time irrespective of NAVs.
Vosene
08 Jul 2015
Re: Recent Falls I don't see how you can use chart analysis on something like this where the NAV is the sum of investments in different geographical regions. If this was a total return fund the slip in NAV would be worrying, but it's not. It's an income fund and falls in NAV say little about the capacity to hold or increase income.
FRTEB
08 Jul 2015
Re: Recent Falls " what basis do you come up with that figure? " Chart analysis.
PJ Foster
08 Jul 2015
Re: Recent Falls FRTEB,A target price of 249??? what basis do you come up with that figure? I can't see it dropping that low, unless there's a reduction in the dividend. At the current dividend level your target price would deliver a 7.8% yield - I simply can't see that.Cheers,
the last night trader
08 Jul 2015
Re: Recent Falls The div is covered each year, according the the stats on iii and you are correct they have just increased it again, an income play for anyone who is in long term and not bothered about short term market issues - capital growth will come again, as it always does. Yes 6% now but having just increased the div for the qtr expect the next three qtrs to be increased too so at 308p on a 12 month basis the yield is 6.35% or greater if you automatically reinvest your div
FRTEB
08 Jul 2015
Re: Recent Falls China - say no more. Not looking good.This has been on my watch list for a while (14/12/14). Target price = 249. But don't follow me - DYOR.
