MONKEYSO
01 Aug 2018
Director buys looking cheap here at 182p given high quality portfolio and 5%+ yield
percentagegain
11 May 2018
Re: Director buys I too own more than Jeremy. I've held this in my SIPP for a good while now. For the past 2/3 years it's been a bit of a stinker, the payout asides. Suspect they are paying part of that from capital growth - because there's certainly been none of that reflected in the share price over said 2/3 years. Wanted to sell this for a while now, but somehow never got round to it.
Warren Buffoon
10 May 2018
Re: Director buys According to my information, this is the only holding by Jeremy Rigg and is worth £18,775 (0.01% of the company).Hmmm ..... I own more than him
IOMINVESTCOM
10 May 2018
Director buys LONDON (Alliance News) - Henderson High Income Trust PLC said Non-Executive Director Jeremy Rigg purchased 10,000 shares at a price of 187.56 pence per share on Thursday.It has not been disclosed how many shares Rigg now holds in the company following the GBP18,756 deal.Shares in the trust were down 0.5% at 187.00 pence on Thursday.atb
devonplay
13 Apr 2018
Re: M&A Activity Good News for Post-Brexit B... It feels like the UK is the cheapest market in the world. It’s not often, as a contrarian, I spend most of my time fishing in British waters. The wags amongst us, might say that’s because of all the Spanish trawlers used to get in the way....Lol.Maybe be just a coastal joke.DL
IOMINVESTCOM
13 Apr 2018
M&A Activity Good News for Post-Brexit Britain The sheer number of bids for UK companies by overseas businesses proves the UK market is significantly undervalued, according to fund managers, who believe investors should be bullish despite Brexit risks.UK assets are currently well out of favour with investors, as a look at fund flows shows. In the 12 months to 28 February, more than £6 billion has been pulled from UK equity-focused funds, according to data from Morningstar Direct.However, UK firms have rarely been in such high demand for merger and acquisition activity from further afield. Already in 2018, we’ve seen a plethora of high-profile offers.Two weeks ago, Japanese pharma giant Takeda said it was considering making an offer for Irish drugmaker Shire (SHP). According to David Smith, manager of the Henderson High Income Trust (HHI), “that’s just another example of a foreign company looking at the UK as cheap”.Elsewhere, he points out, Sky (SKY) is being pursued by US giants Comcast (CMCSA) and Fox (FOX); fellow American companies International Paper (IP) and CME (CME) are chasing Smurfit Kappa (SKG) and NEX (NXG); and French firms Klepierre (LI) and Michelin have been eyeing Hammerson (HMSO) and Fenner (FENR).“If that’s not a ringing endorsement of how cheap the UK is and how, actually, longer term, things will be better after Brexit,” continues Smith. “People from outside the UK are seeing value in the UK. They are happy to take Brexit risk off; UK investors aren’t, but there is an area of the market that is.”Neil Woodford agrees. The manager of the Morningstar Silver Rated LF Woodford Equity Income fund notes that global corporates are becoming more attuned to the valuation opportunities that now exist within the UK stock market.This undervaluation stems, he opines, from the unpopularity of UK equities among global institutional investors. “In turn, it may also represent something of a pre-cursor to a re-appraisal of the UK economy’s prospects and the stocks that are exposed to it.”Professionals Up Their UK ExposureWoodford has been vocal on this topic for a while and says he continues to increase his exposure to domestically focused stocks “in order to exploit one of the very few outstanding valuation opportunities left in these late-stage bull market conditions”.Smith gives Whitbread (WTB) as an example of this undervaluation of UK companies, after US activist investor Sachem Head Capital Management bought a stake late last year. Smith says Whitbread’s owning of freehold property valued at 80% of its market cap provides downside support if trading really deteriorates.Meanwhile, coffee chain Costa Coffee and budget hotel brand Premier Inn are the largest of their type in the UK and are very strong brands. A comparison with two overseas equivalents, Starbucks and Accor – trading on 20 and 25 times earnings respectively – suggests shares should be around £50, a third higher than the current £37 level.“I think there’s material upside there, but because it’s deemed a Brexit risk, it’s underperformed,” says Smith.The UK equity income sector, derived mainly of funds investing in this country’s blue chips, is the most out-of-favour area currently. But Gervais Williams, manager of the LF Miton UK Smaller Companies fund, says it’s a similar story at the opposite end of the market.While in mid-2017 the largest companies in the UK market were trading on rolling median 12-month forward price/earnings multiples of around 15 times, the smallest were on around 11 times, according to data from broker Liberum.“Even now, with the outperformance we’ve had, we’re still buying stocks in many cases way below fair value – what a pleasure,” he says. But he doesn’t see this situation continuing and thinks the opportunity will be gone in 18 months’ to two years’ time.The flip side is that Williams sees this environment will encourage more takeover bids for UK companies from foreign entities. The latest deal for an AIM company sa
IOMINVESTCOM
12 Apr 2018
K dividends 'incredibly cheap', says Henderson's Smith [link]
IOMINVESTCOM
26 Mar 2018
Re: Bought a few this am Bought a few more today at 1.683 yielding 5.6 payable 27/4atb.
devonplay
07 Feb 2018
Re: Bought a few this am Well done, I was buying other things and missed that.It's back top of today's watch list. As it type 177 to buy, but it looks weak.I'm going to take an early lunch, miss out on a nap, and see where we are when the US opens.Above 5%, given that I purchased NRR yesterday amongst the carnage, will do me.My Jan. REC buy feels well timed.DL
IOMINVESTCOM
06 Feb 2018
Re: Bought a few this am Topped up on a few this morning at 1.71atb
IOMINVESTCOM
05 Feb 2018
Re: Bought a few this am Added myself today....... Yield of 5%As market falls will look to drip feed and maybe on 100 pt falls.atb
Warren Buffoon
16 Jan 2018
Re: Let it rain Bought in here for the first time. Also hold Merchants trust for income . . .
44_magnum
19 Jul 2017
Re: Let it rain As a UKT holder for very many decades I am now a HHI holder as a result of the recent share transfer. No complaints whatsoever with the now defunct UKT.
rugosaplants
19 Jul 2017
Let it rain This is a share for all weathers, being stable and with a reasonable yield. The recent sell-off appears to have ended, so I bought some more. I have been in this trust for years and regard it as part of my core holding so have watched its fortunes with great interest.
devonplay
07 Apr 2017
Re: Don't write off cyclicals I don't, I try to buy them at their most unpopular point!DL
