Investment Trusts

Shires Income

SHRS:LSE

Shires Income

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  • Price (GBX)222.00
  • Today's Change-0.50 / -0.22%
  • Shares traded139.81k
  • 1 Year change-9.02%
  • Beta1.2284
Data delayed at least 20 minutes, as of Mar 28 2024 16:28 BST.
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About the company

Shires Income PLC is a United Kingdom-based closed-end investment company. The Company's investment objective is to provide shareholders with a high level of income, together with the potential for growth of both income and capital, from a diversified portfolio substantially invested in United Kingdom equities but also in preference shares, convertibles and other fixed income securities. The Company’s policy is to invest principally in the ordinary shares of United Kingdom quoted companies, and in preference shares, convertibles and other fixed income securities with above average yields. The Company also invests in preference shares, primarily to enhance the income generation of the Company. The Company invest in various sectors, including financials, energy, health care, utilities, industrials, consumer staples, basic materials, consumer discretionary, real estate, technology and telecommunications. The Company's alternative investment fund manager is abrdn Fund Managers Limited.

  • Revenue in GBP (TTM)10.57m
  • Net income in GBP8.66m
  • Incorporated1929
  • Employees0.00
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Profile

Management group(s)abrdn Fund Managers Limited
AIC sectorUK Equity Income
ISINGB0008052507
Launch date31 Mar 1929
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The investment objective is to provide shareholders with a high level of income, together with the potential for growth of both income and capital from a diversified portfolio substantially invested in UK equities but also in preference shares, convertibles and fixed income securities

Managed by

Charles Luke, Iain Pyle

Management & contract fees

Management fee is 0.45% p.a. up to GBP100m and 0.40% p.a. over GBP100m of the net assets, calculated monthly and paid quarterly. Contract is terminable on notice period of six months.

Mergers & acquisitions

Acquired companyDeal statusDateDate /
Deal status
SHRS:LSE since
announced
Transaction
value
Abrdn PLC-AssetsAnnounced26 Jul 202326 Jul 2023Announced-4.52%31.86m
Data delayed at least 20 minutes, as of Mar 28 2024 16:28 BST.

Peer analysis

Key Information
CompanyRevenue (TTM)Net income (TTM)Market capEmployeesPrice/earnings (TTM)Price/book value (MRQ)Price/cash flow (TTM)Price/sales (TTM)EPS (excl. extraordinary items, TTM)EPS (incl. extraordinary items, TTM)Revenue per share (TTM)Book value per share (MRQ)Asset turnover (TTM)Inventory turnover (TTM)Receivables turnover (TTM)Revenues per employee (TTM)Return on avg assets (TTM)Return on avg assets (5 yr avg)Return on investment (TTM)Return on investment (5 yr avg)Gross margin (TTM)Gross margin
(5 yr avg)
Net profit margin (TTM)Net Profit margin
(5 yr avg)
Quick ratio (MRQ)Interest coverage (TTM)Total debt to capital (MRQ)Payout ratio
(5 yr avg)
Revenue
(YOY change %)
Revenue
(5 yr growth rate)
Net income
(YOY change %)
Net income
(5 yr growth rate)
Capital expenditure
(5 yr growth rate)
Dividend
(5 yr growth rate)
Gulf Investment Fund PLC21.28m19.95m82.17m0.004.211.024.123.860.61570.61570.65692.540.292--38.21--27.3715.2927.5215.6797.2894.9393.7389.23----0.0018.012.298.971.6911.20--21.98
Menhaden Resource Efficiency PLC15.59m13.05m82.19m0.006.310.6898--5.270.16480.16480.19571.510.1351--162.44--11.316.3611.456.3986.9681.4483.6776.38----0.004.36-190.26---211.64------
Global Opportunities Trust PLC5.40m4.44m84.16m0.0018.930.8102--15.590.15220.15220.18483.550.0527--11.69--4.332.274.342.2795.8981.8682.3265.75----0.0082.13128.45-5.48180.48-5.24---1.16
EJF Investments Ltd-4.10m-7.27m84.95m0.00--0.6192-----0.1188-0.1188-0.06711.62-0.0315-------5.577.29-5.747.59--89.63--75.90---3.050.189969.6928.56-0.930632.32-2.61---3.52
New Star Investment Trust plc8.37m7.24m85.94m0.0011.860.6681--10.260.1020.1020.11791.810.0656--35.26--5.673.205.753.2190.6581.5686.5175.05----0.0029.06136.46-11.06124.67-13.94--21.06
Octopus Aim VCT 2 PLC-13.61m-15.71m86.55m0.00--0.9816-----0.0956-0.0956-0.08290.4788-0.145-------16.73-3.32-16.85-3.35------------0.00--60.20--57.19-----3.04
Agronomics Ltd29.70m22.37m87.31m0.005.090.5106--2.940.0170.0170.02470.16940.1876--135.49--14.139.0314.339.16----75.3266.82--12.750.00--362.39--167.68------
Crown Place VCT Plc4.18m2.11m87.88m0.0036.580.9315--21.040.00790.00790.01490.31030.0482--2.40--2.436.742.456.8162.2980.3050.5172.48----0.0079.11-33.94-10.81-42.38-17.26---4.13
RM Infrastructure Income PLC8.77m5.29m88.78m0.0016.810.791--10.130.04490.04490.07450.95450.0688--1.67--4.154.594.855.3789.0883.5260.3164.56--5.160.1148129.18-30.0226.05-40.1431.32--9.13
Harmony Energy Income Trust PLC6.61m3.14m90.06m--25.680.3374--13.620.01540.01540.02971.180.0249--5.03--1.18--1.22------47.43------0.00---87.37---93.51------
UIL Ltd-13.58m-23.45m90.97m0.00--0.5318-----0.2797-0.2797-0.16192.04-0.0422-------7.29-1.95-8.99-2.33---172.40---191.31----0.396--73.30--67.58----1.30
Mobeus Income & Growth VCT PLC-341.28k-3.12m92.00m0.00--0.9315-----0.024-0.024-0.00220.6012-0.0033-------3.0611.06-3.0611.10--83.61--80.10----0.00113.84-141.94---152.91-----12.94
Shires Income plc10.57m8.66m92.20m0.007.960.8817--8.730.27960.27960.34212.520.111--11.25--9.093.5410.124.0187.5182.9981.9373.18----0.1968---103.62---122.36----1.20
TMT Investments PLC5.89m5.05m94.80m7.0018.790.5758--16.090.20280.20280.23686.620.0358--10.411,063,850.003.0611.213.1111.50----85.6480.67----0.00--109.37-19.60107.84-20.02----
CT UK High Income Trust PLC12.28m10.59m96.05m0.009.230.98289.077.820.09150.09150.10620.85980.1133--5.59--9.782.4010.972.4890.8074.3586.2666.22----0.1327214.55-79.22---124.45----2.29
Trident Royalties PLC7.31m586.32k98.91m4.00179.221.14--13.540.00190.00190.02530.29590.0617--1.391,826,822.000.4947--0.5055--39.96--8.02-----0.30730.2686--9,357.83---4.13------
Data as of Mar 28 2024. Currency figures normalised to Shires Income's reporting currency: UK Pound GBX

Institutional shareholders

17.77%Per cent of shares held by top holders
HolderShares% Held
abrdn Investments Ltd.as of 04 Dec 20232.99m7.20%
Hargreaves Lansdown Asset Management Ltd.as of 01 Feb 20242.02m4.88%
Walker Crips Investment Management Ltd.as of 01 Feb 2024590.00k1.42%
HSBC Global Asset Management (UK) Ltd.as of 01 Feb 2024442.00k1.07%
Jarvis Investment Management Ltd.as of 01 Feb 2024357.00k0.86%
Rathbones Investment Management Ltd.as of 01 Feb 2024326.00k0.79%
Pilling & Co. Stockbrokers Ltd.as of 01 Feb 2024242.00k0.58%
BNP Paribas Financial Marketsas of 01 Feb 2024150.00k0.36%
Evelyn Partners Investment Management LLPas of 01 Feb 2024136.00k0.33%
Close Asset Management Ltd.as of 01 Feb 2024119.00k0.29%
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Data from 31 Dec 2023 - 14 Mar 2024Source: FactSet Research Systems Inc.
Data Provided by LSEG
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