SNJC
18 Sep 2017
Re: Share Price This is a regular occurance with this share and I keep reporting it to iii but nothing seems to be done about it.
fish lips
18 Sep 2017
Re: Share Price It does, it's just an issue with their web interface. When trading opens it will correct itse
dwifuc
17 Sep 2017
Share Price Why doesn't iii have a prce for this share??
fish lips
22 Aug 2017
Re: 'C' Shares Yep that's correct.
Windlesham Don
21 Aug 2017
'C' Shares Am I correct in assuming that from today the 'C' shares have been converted to ordinary shares at the rate of 0.6398 new ordinary shares for every 'C' share held?This is what seems to be implied by a recent press release, but HL and iii are still showing the 'C' shares as valid.Also, am I correct in assuming that our outstanding divi is calculated on the holding of our original ordinary shares?Thanks in advance,
Steve2u
24 Apr 2017
Re: open offer I agree with the previous post. Since the shares are currently trading just below NAV and no one knows what the share price to NAV will be at the time of conversion, I can't see any advantage to participating in the C shares other than to avoid trading costs. If I wanted to increase my holding I would rather buy more of the existing shares rather than have an additional holding of C shares. Depending on the take up of the offer, the liquidity of the C shares may be poor.I will not be taking up my entitlement.
72_fastback
14 Apr 2017
Re: open offer I had a quick look at this for a family member.I agree with Michael Soubry's interpretation of how the offer will work.It strikes me as being a way for HINT to increase in size (and get more lovely fees for Henderson) without having to go to the trouble of having such excellent performance that they could just issue more shares in the manner of other ITs like FGT (who issue shares to keep the premium down).Although HINT has done OK, it has still underperformed the benchmark.It looks like taking up the C shares would involve paying a premium when the Ordinary shares are on a slight discount. Because they can't state the conversion factor of C to Ordinary shares I can but assume it will be done purely on a NAV proportional basis. Not sure how they will deal with fractions of share entitlements.I will have a closer look but currently am not tempted - I think it is more for institutional investors who wish to materially increase their holding without having to buy up dribs and drabs in the market.
Finners01
10 Apr 2017
Re: Open offer..? Thanks for that.
5haggy
10 Apr 2017
Re: Open offer..? The first question that you have to ask yourself is "Have I already got enough HINT shares in my portfolio, or could I add some more?"If that question is answered positively, then it's all a question of which route to follow. Buy some in the market today, or take up the offer of some 'C' shares.If you buy today, you will incur dealing costs and stamp duty. If you buy the 'C' shares you will not pay dealing costs or stamp duty but lose 1.5% of your outlay by way of costs and expenses for the issue.Either way, you will own a new parcel of shares. If you take the 'C' share route, any 'C' shares will convert to ordinary shares with the same NAV as the existing shares upon conversion.
Finners01
10 Apr 2017
Open offer..? Hmmm...? Taking up the C share offer in full would take up a fair slice of my ISA allowance. I'm unsure if this offer holds any advantage/benefit to existing pi's..? Am I missing anything here? Is there a 'deal' not to be missed in this deal or are we being invited to buy more of the same with no benefits..??Your thoughts please fellow investors....Thanks.
Michael Soubry
09 Apr 2017
Re: open offer My reading tells me that the money contributed for C shares will be invested in a similar manner to the current shares but temporarily kept as a separate "Trust". When the board decides the time to convert the value will be based upon the then current NAV of both the new and the existing lumped together. The nominal £1 price of the C shares will not feature in this action. The number of C shares each contributor holds will be changed so that the resulting total number of shares, both old and C merge in so that they all have the same NAV. It will not be subject to unpredictable market buying and selling movements. NAV is currently higher than current share price. I assume they believe they have good potential investments but need the cash to invest in them so it should be a good time to get in. I've done OK on previous Offers like this and shall Take Up again.If anyone believes differently, please advise.
foolish learner
08 Apr 2017
open offer Any one out there with any idea what the C shares will convert to when the offer is settled,It looks like a complicated formula (and perhaps a little arbitary when figures in the equation are subject to directors assessment). Views appreciated
Simbrad
27 May 2016
Just scraped this from Research Tree... "HINT's secondary issuance, the combination with HGL and NAV performance, have more than quadrupled the fund's size since launch in 2011. With a market cap of c£191m, the fund is beginning to enjoy economies of scale and should now appear on the radar of a new group of liquidity focused investors. We also highlight next week's index review which could also create incremental demand. Manager Ben Lofthouse's focus on free cash flow and preference for mid-range (2-6%) covered dividend yields has helped HINT avoid the sir ..."
foolish learner
14 Dec 2014
Re: ISA or not Thank you, they look a fairly safe bet (current market volitility aside) at closer to the 200 EMA at about 113
Rattyone
12 Dec 2014
Re: ISA or not They have been bought on my behalf by Charles Stanley for my ISA and as they don't allow me to buy non-qualifying investments I can only assume they are OK.
