Investment Trusts

abrdn Equity Income Trust plc

SLET:LSE

abrdn Equity Income Trust plc

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  • Price (GBX)336.00
  • Today's Change1.00 / 0.30%
  • Shares traded75.72k
  • 1 Year change-7.44%
  • Beta1.3256
Data delayed at least 20 minutes, as of Aug 12 2022 16:35 BST.
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About the company

abrdn Equity Income Trust plc, formerly Aberdeen Standard Equity Income Trust plc, is a United Kingdom-based closed-end investment company. The Company's investment objective is to provide shareholders with an above average income from their equity investment while also providing real growth in capital and income. The Company invests in a diversified portfolio consisting mainly of quoted United Kingdom equities, which will normally comprise between 50 and 70 individual equity holdings. The Company's portfolio includes financials, consumer discretionary, basic materials, industrials, consumer discretionary, consumer staples, real estate, telecommunications, health care, and consumer staples. The Company may invest in convertible preference shares, convertible loan stocks, gilts and corporate bonds. Aberdeen Standard Fund Managers Limited is the investment manager of the Company.

  • Revenue in GBP (TTM)21.14m
  • Net income in GBP19.08m
  • Incorporated1991
  • Employees0.00
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Profile

Management group(s)abrdn PLC
AIC sectorUK Equity Income
ISINGB0006039597
Launch date15 Nov 1991
Share typeOrdinary Share
StructureInvestment Trust
Base currencyGBP

Objective

The Directors set the investment policy, which is to invest in a diversified portfolio consisting mainly of quoted UK equities which will normally comprise between 50 and 70 individual equity holdings. In order to reduce risk in the Company without compromising flexibility: a) no holding within the portfolio should exceed 10% of total assets at the time of acquisition; and b) the top ten holdings within the portfolio will not exceed 50% of net assets. The Company may invest in convertible preference shares, convertible loan stocks, gilts and corporate bonds. The Directors set the gearing policy within which the portfolio is managed. The parameters are that the portfolio should operate between holding 5% net cash and 15% net gearing. The Directors have delegated responsibility to the Investment Manager for the operation of the gearing level within the above parameters.

Managed by

Thomas Moore, Iain Pyle

Management & contract fees

Management fee of 0.65% p.a. of NA on the first GBP 175m and 0.55% thereafter. No performance fee. Contract terminable on notice period of 6 months.

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)
Brown Advisory US Smaller Companies PLC27.33m25.57m150.90m0.005.960.8265--5.532.122.122.2815.300.1584--130.78--14.8111.5014.8511.8796.5193.4793.5590.95----0.000.001,446.6928.04939.0930.77----
Blackrock Energy and Rsrcs Incm Trst PLC53.51m51.36m151.15m0.002.720.8297--2.890.4220.4220.44831.390.3214--59.03--30.858.7534.659.8597.5790.1295.9884.59--1,620.310.106350.65192.36-2.08189.09-2.01---3.89
Financials Acquisition Corp-100.00bn-100.00bn153.34m--------------------------------------------------------------
ProVen VCT plc15.36m10.64m156.93m0.0011.740.8734--10.220.05710.05710.08240.76720.1112--34.91--7.704.727.754.8174.0960.1769.2753.55----0.00240.42-12.750.3673-26.06-2.74--0.9806
Seraphim Space Investment Trust PLC-100.00bn-100.00bn157.52m----0.6286----------1.05----------------------------0.00--------------
UIL Ltd42.02m31.59m158.04m0.005.110.4922--3.780.37050.37050.49843.850.0846--38.09--6.367.657.559.0277.3770.3175.1968.44----0.366117.52382.599.43297.6012.51--1.30
CT Global Managed Portfolio Trust PLC13.47m11.79m159.16m--16.551.44--11.810.14870.14870.171.710.0982--40.76--8.59--8.63--92.22--87.52----109.330.00---73.55---89.18------
Rights and Issues Investment Trust PLC-20.84m-22.00m159.26m0.00--0.913-----2.96-2.96-2.9124.48-0.1084-------11.449.86-11.459.88------95.04---62.390.0013.023,066.198.544,906.888.41--2.98
Invesco Perpetual UK Smlr Cos Inv Tr PLC38.00m35.91m159.32m0.004.490.7309--4.251.061.061.126.530.1837--2,923.08--17.3611.0117.4311.0995.5291.9094.4990.32----0.0031.20739.41-3.06574.22-2.90----
abrdn Equity Income Trust PLC21.14m19.08m159.47m0.008.420.8783--7.570.39540.39540.43883.790.1046--14.29--9.441.9210.702.1992.7072.7590.2465.62----0.1265217.98218.1166.43209.0191.60----
Aurora Investment Trust plc32.34m30.73m162.03m0.005.320.8452--5.080.40280.40280.42422.540.1808--134.76--17.189.8217.219.8697.7795.4695.0191.64--10,253.670.0019.523,630.90--1,491.04------
Strategic Equity Capital PLC49.38m47.47m162.10m0.003.970.8376--3.260.74990.74990.78013.550.2442--352.69--23.4811.7523.5411.8797.4592.5096.1389.46----0.003.91644.69--561.19----15.45
Manchester & London Investment Trust plc2.05m-1.92m162.29m0.00--0.6773--81.98-0.0484-0.04840.05066.150.0077--177.91---0.72212.99-0.760613.79-66.7291.41-93.7989.41----0.0018.39-5.5512.68-7.5510.61--28.80
Blackrock Sustnble Amrcn Incme Trst PLC21.62m19.57m163.67m0.008.490.9654--7.680.24390.24390.26952.140.1278--16.02--11.569.4011.839.5694.0692.6990.5086.19--1,332.200.021345.04522.709.79435.9710.06--11.22
Agronomics Ltd13.68m4.99m167.72m0.0043.091.18--12.040.00390.00390.01070.14320.1654--0.9148--6.031.426.101.44----36.479.59----0.00--1,525.58--66.71------
Twentyfour Select Monthly Incm Fd Ltd2.38m344.58k167.93m--240.480.9209--71.150.00330.00330.01240.86440.0134--0.7102--0.19437.950.19788.1636.8690.9114.4587.78----0.0085.76113.7029.27133.3433.50----
Data as of Aug 12 2022. Currency figures normalised to abrdn Equity Income Trust plc's reporting currency: UK Pound GBX

Institutional shareholders

31.86%Per cent of shares held by top holders
HolderShares% Held
Hargreaves Lansdown Stockbrokers Ltd.as of 25 Nov 20193.91m8.14%
Hargreaves Lansdown Asset Management Ltd.as of 01 Aug 20222.78m5.79%
Rathbone Investment Management Ltd.as of 30 Sep 20211.95m4.05%
Brewin Dolphin Ltd.as of 30 Sep 20211.76m3.66%
Smith & Williamson Investment Management LLPas of 01 Aug 20221.52m3.17%
Consistent Unit Trust Management Co. Ltd.as of 01 Aug 2022950.00k1.98%
Aberdeen Asset Managers Ltd.as of 01 Aug 2022948.00k1.97%
Legal & General Investment Management Ltd.as of 01 Aug 2022561.00k1.17%
HSBC Global Asset Management (UK) Ltd.as of 01 Aug 2022481.00k1.00%
Abrdn Investment Management Ltd.as of 01 Aug 2022444.00k0.92%
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Data from 31 Mar 2022 - 04 Aug 2022Source: FactSet Research Systems Inc.
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