abrdn Smaller Companies Income Trust : ASCI

Research History

• 06 Apr 2023 82 min read

  QuotedData’s Economic and Political Monthly Roundup April 2023

  Economic and Political Monthly Roundup Investment companies | Monthly | April 2023 A collation of recent insights on markets and economies taken from the comments made by chairs and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage […]

• 20 Aug 2021 1 min read

  Interview with Abby Glennie from Aberdeen Smaller Companies Income Trust

  In this week’s show, James Carthew talked to Abby Glennie from Aberdeen Smaller Companies Income Trust Watch it again here. If you were looking for QuotedData’s roundup of the week’s news, this is now in the news section – just click here. If there is a guest speaker you’d particularly like to hear from, please email us – […]

• 09 Oct 2020 7 min read

  QuotedData’s Economic Roundup – October 2020

  Economic & Political Roundup Kindly sponsored by Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell […]

• 06 Dec 2019 6 min read

  QuotedData’s investment companies roundup – December 2019

  Investment Companies Roundup Kindly sponsored by Baillie Gifford  Table of contents  New research In this issue Performance data Discounts and premiums Money in and out Income Events  New research  Here is a list of research we published over November: An initiation note on Henderson High Income “We have initiated coverage on Henderson High Income (HHI). Since […]

• 07 Oct 2019 6 min read

  QuotedData’s economic roundup – October 2019

  Economic & Political Roundup Kindly sponsored by Polar Capital and Allianz A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you […]

• 05 Apr 2019 4 min read

  QuotedData’s economic roundup – April 2019

  Kindly sponsored by Polar Capital Economic & Political Roundup A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy […]

• 22 Feb 2019 1 min read

  QuotedData’s investment companies roundup – February 2019

  QuotedData’s investment companies roundup – February 2019 is our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of January 2019. Kindly sponsored by Baillie Gifford. December’s sharp sell-off in technology and growth stocks reversed somewhat in January. This was […]

• 12 Oct 2018 1 min read

  QuotedData’s Economic round up – October 2018

  QuotedData’s Economic round up – October 2018 is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]

• 12 Oct 2017 1 min read

  QuotedData’s economic round up – October 2017

  QuotedData’s economic round up – October 2017 – is a collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or […]

• 10 Apr 2017 1 min read

  QuotedData investment companies roundup – April 2017

  Our latest roundup of news; price, NAV and discount movements; flows in and out of the sector and report on full year dividends announced over the month of February 2017. Kindly sponsored by Baillie Gifford. April Investment Companies Roundup    

• 1 min read

  QuotedData’s round up of views on the global economy – April 2017

  A collation of recent insights on markets and economies taken from the comments made by chairmen and investment managers of investment companies – have a read and make your own minds up. Please remember that nothing in this note is designed to encourage you to buy or sell any of the companies mentioned. Kindly sponsored […]

• 13 Oct 2016 1 min read

  QuotedData’s round up of views on the global economy – October 2016

  QuotedData’s collation of recent insights on markets and economies taken from comments made by chairman and managers of investment companies. october-economic-and-political-roundup  

News

• 22 Dec 2023 3 min read

  QD – review of the year

  This is the last of our weekly emails for 2023. We hope that you have been finding them useful. We will be publishing our annual roundup in January. Ahead of that however, I thought it might be worth pulling out a few of the year’s highs and lows. In January, China’s market shone as hopes […]

• 14 Sep 2023 2 min read

  QuotedData’s morning briefing 14 September 2023 – CGL, SONG, RTW, FSFL, ASCI, BHMG, BCPT

  Castelnau Group (CGL) announced the appointment of Richard Brown as non-executive director of the company and chief executive officer of Castelnau Group. A former investment banker, Richard has over 14 years of corporate finance experience. He has advised firms ranging from the largest FTSE 100 companies to private businesses, UK-focused as well as international. The […]

• 28 Jul 2023 1 min read

  QuotedData’s weekly news show 28th July 2023

  Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • abrdn Smaller Companies Income/Shire (1:08) • Ecofin US Renewables (7:31) • Henderson Diversified Income (11:52) This week’s interview was with Uzo Ekwue & Pav […]

• 26 Jul 2023 2 min read

  abrdn Smaller Companies Trust to merge with Shires Income

  As a result of its strategic review, launched on 13 February 2023, abrdn Smaller Companies Trust (ASCI) has proposed that it combine with Shires Income (SHRS). The merger will also see ASI’s revenue reserve paid out as a pre-liquidation dividend. ASCI’s shareholders will have an option to either roll into SHRS or take a cash […]

• 28 Mar 2023 2 min read

  abrdn Smaller Companies confident of a roll over after poor year

  abrdn Smaller Companies Income Trust results for the year end 31 2022 December do not make for happy reading for investors. NAV fell 33.2% while the share price dropped 33.7%. This compares to the Numis Smaller Companies ex Inv Trust Index which fell 17.9%. The discount closed the year at around 16% however has since […]

• 17 Feb 2023 1 min read

  QuotedData’s weekly news show 17th February 2023

  Thank you to everyone that listened in today, whether you watched the Zoom live, on Facebook or on YouTube. In this week’s show, James Carthew covered the week’s top stories: • International Biotechnology (0:52) • abrdn Smaller Companies Income (6:26) This week’s interview was with James Dow from The Scottish American Investment Company – watch […]

• 13 Feb 2023 1 min read

  abrdn Smaller Companies Income Trust announces strategic review

  abrdn Smaller Companies Income Trust says that, while it continues to deliver upon its investment objective (providing a high and growing dividend and capital growth from a portfolio invested principally in UK smaller companies and UK fixed income securities) its shares have continued to trade at a material discount to their net asset value for […]

• 30 Sep 2022 4 min read

  QD view – Managers question UK small cap weakness

  The UK economy looks increasingly precarious. The recent ‘targeted fiscal event’ has sent the pound sliding, gilt yields rising and confidence to rock bottom. With recession looming, it has also proved a tough moment for UK smaller companies, which were already battling poor sentiment. Smaller companies managers are no strangers to volatility, but how are […]

• 15 Mar 2022 5 min read

  Wider discount mars an otherwise good year for ASCI

  Wider discount mars an otherwise good year for ASCI – abrdn Smaller Companies Income (ASCI) had a good 2021, delivering an NAV return of 30.4%, well-ahead of the 21.9% return generated by the Numis Smaller Companies ex Investment Companies Index. Unfortunately, the discount widened from 10.3% to 15.3% and shareholders ended up with a return of […]

• 08 Jun 2021 1 min read

  QuotedData’s morning briefing 8 June 2021

  In QuotedData’s morning briefing 8 June 2021: Aberdeen Smaller Companies Income (ASCI) has appointed Christopher Metcalfe, a former investment manager at Newton IM, Schroders and Henderson Administration Group, as an independent non-executive director, following the retirement of former director Barry Rose. The board also said an additional independent non-executive director will be recruited before the company’s […]

• 11 Mar 2021 5 min read

  Aberdeen Smaller Cos Income held its nerve through pandemic

  Aberdeen Smaller Cos Income held its nerve through pandemic – Aberdeen Smaller Companies Income Trust has published results for the year ended 31 December 2020. Over the year, the trust returned -4.1% in NAV terms, just ahead of the Numis Smaller Companies Index which returned -4.3%. Share price performance was slightly behind the benchmark with a return […]

• 13 Mar 2020 3 min read

  Aberdeen Smaller Companies delivers a strong set of 2019 results

  Aberdeen Smaller Companies (ASCI), which invests in UK smaller companies, has reported annual results to 31 December 2019. The company’s performance in NAV and share price terms, as well as that of its benchmark, is shown below: NAV total return FTSE Small Cap ex Inv Trust Index total return Share price total return 2019: +34.4% […]

• 20 Sep 2019 1 min read

  QuotedData’s other news 20 September 2019

  In QuotedData’s other news 20 September 2019 – Tufton Oceanic Assets today announced that it has raised gross proceeds of $31m through a placing. The company invests in a portfolio of secondhand commercial sea-going vessels. Further to announcements made earlier this month with regard to a proposed placing, Merian Chrysalis says that indicative orders significantly in excess of […]

• 08 Mar 2019 2 min read

  Aberdeen Smaller Companies Income hit by widening discount

  Aberdeen Smaller Companies Income hit by widening discount – Aberdeen Smaller Companies Income reports that, for the year ended 31 December 2018, its performance was slightly behind that of its benchmark, the Small Cap (excl. investment trusts) Index, with a total return of -14.6%, versus a benchmark total return of -13.8%. Share price performance on the […]

• 06 Mar 2018 2 min read

  Aberdeen Smaller Companies returns twice as much as benchmark

  Aberdeen Smaller Companies returns twice as much as benchmark – Aberdeen Smaller Companies has published results for the year ended 31 December 2017. The company’s NAV rose by 32.9% for the year ended 31 December 2017, on a total return basis, compared to the performance of its benchmark, the Small Cap (ex investment trusts) Index, which […]

• 13 Mar 2017 2 min read

  Aberdeen Smaller Companies High Income says markets were against them in 2016

  Aberdeen Smaller Companies Income reports that its NAV was up 8.2% in total return terms for the year, lagging the performance of its benchmark, the Small Cap ex-investment companies index, which rose by 12.5%. The Directors are disappointed that the discount widened over the course of the year and was 22.1% at the year end. The Board has declared four interim […]

• 08 Sep 2016 3 min read

  Aberdeen Small Companies Income just fails to keep pace with benchmark

  Over the six months ended 30 June 2016, Aberdeen Small Companies Income’s  NAV was down 6.3% on a total return basis, underperforming its benchmark, the FTSE Small Cap ex-IT index, which was down 4.6% on the same basis. The equity portfolio contributed a return, relative to the index, of -1.0%, offset slightly by a positive […]

• 03 Mar 2016 2 min read

  Change of name and manager for Aberdeen Smaller Companies High Income

  Aberdeen Smaller Companies High Income reports that its net asset value on a total return basis increased by 13.4% over the twelve months to 31 December 2015.  This compares with a rise in the FTSE SmallCap (excluding investment companies) Index of 13.0%. The FTSE 100 Index fell by 1.3%. The narrowing of the discount, to 13.6% at […]

• 31 Aug 2015 1 min read

  28 August interim results roundup

  A quick summary of interim results for periods ended 30 June 2015 announced on 28 August 2015 Aberdeen Smaller Companies High Income NAV total return 15.8%, share price total return 21.8%. Well ahead of FTSE Small Cap Index ex Investment Companies return of 11.9%. Outperformance helped by bids for Domino Printing and Anite Candover NAV […]

• 01 Jun 2015 1 min read

  Shires Income beats UK index

  Shires Income’s results statement for the year ended 31 March 2015 says the company generated a return on net assets of 9.7% for the year, ahead of a 6.6% return on the FTSE All-Share Index. The company’s shares did not keep pace with the net asset value however and the return to shareholders was 4.9%. […]

• 04 Mar 2015 1 min read

  Aberdeen Smaller Cos High income hit by widening discount

  Aberdeen Smaller Companies High Income has announced results for the year ended 31 December 2014. The total return on net assets for the period was -2.1% which compares favourably to the return on the FTSE Smaller companies Index of -2.7%. However the return to shareholders was -14.9%, reflecting a widening of ASCH’s discount from 5.7% […]

• 29 May 2014 1 min read

  Shires Income : SHRS – annual results

  Over the year to the end of March 2014, Shires Income, managed by Ed Beal, delivered a total return on net assets of 11.5% – ahead of the 8.8% return on its benchmark, the FTSE All-Share Index. Shires Income’s rating improved over the period and so the return to shareholders was 14.0%. The dividend was maintained at […]

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In The Press

• 16 Aug 2023 1 min read

  Investment trust insider on the return of arbitrageurs

  Investment trust insider on the return of arbitrageurs – James Carthew: The unfit trusts at risk from an ‘arb’ attack Investment company bargains abound following the discount widening that has plagued the sector. We have seen some welcome proactive moves by boards to address the problem. What does not seem to have emerged yet is […]

• 02 Aug 2023 1 min read

  Investment trust insider on corporate actions in abrdn’s funds

  James Carthew: Need to cut charges lies behind Abrdn and trust changes The pace of change within the investment company sector appears to be accelerating. Just in the last few weeks we have seen Asset Value Investors win the mandate to run MIGO Opportunities (MIGO), though likely with the same management team as before, which […]

• 22 Jun 2023 2 min read

  Home Truths

  James Carthew for Portfolio Adviser, 21 June 2023: For many years, there was a tendency among UK-based investment managers and financial advisers to overweight domestic stocks within client portfolios. As a result, we saw a proliferation of investment companies with a narrow focus on UK-listed businesses. Today, 54 investment companies have a listed UK equity […]

• 08 Mar 2021 1 min read

  Is it time to shop for a high street investment bargain?

  Is it time to shop for a high street investment bargain? Lockdown rules will ease, while a tax on online sales could hit internet stores By ROSIE MURRAY-WEST, FINANCIAL MAIL ON SUNDAY PUBLISHED: 21:51, 6 March 2021 | UPDATED: 08:47, 7 March 2021 The country’s shuttered stores breathed a sigh of relief last week as the Chancellor announced an extension […]