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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
- LocationShires IncomeOne Bow ChurchyardLONDON EC4M 9HHUnited KingdomGBR
- Websitehttps://www.shiresincome.co.uk/en-gb
Profile
| Management group(s) | abrdn Fund Managers Limited |
|---|---|
| AIC sector | UK Equity Income |
| ISIN | GB0008052507 |
| Launch date | 31 Mar 1929 |
| Share type | Ordinary Share |
| Structure | Investment Trust |
| Base currency | GBP |
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 company | SHRS:LSE since announced | Transaction value |
|---|---|---|
| Abrdn PLC-Assets | -0.65% | 31.86m |
Peer analysis
| Company | Revenue (TTM) | Net income (TTM) |
|---|---|---|
| EJF Investments Ltd | -4.98m | -7.98m |
| Henderson Opportunities Trust plc | -6.38m | -8.17m |
| Alpha Real Trust Ltd | 6.29m | 1.29m |
| Agronomics Ltd | 29.70m | 22.37m |
| Octopus Aim VCT 2 PLC | -13.61m | -15.71m |
| Global Opportunities Trust PLC | 2.76m | 1.73m |
| RM Infrastructure Income PLC | 8.44m | 3.40m |
| Crown Place VCT Plc | 4.18m | 2.11m |
| TMT Investments PLC | 5.96m | 5.11m |
| UIL Ltd | -13.58m | -23.45m |
| Mobeus Income & Growth VCT PLC | 9.08m | 6.35m |
| Shires Income plc | 10.57m | 8.66m |
| CT UK High Income Trust PLC | 12.28m | 10.59m |
| VietNam Holding Ltd | 20.67m | 17.71m |
| Trident Royalties PLC | 7.39m | 593.32k |
| Schroders Capital Global Innvtn Trst PLC | -31.19m | -33.80m |
Institutional shareholders
| Holder | Shares | % Held |
|---|---|---|
| abrdn Investments Ltd.as of 04 Dec 2023 | 2.99m | 7.21% |
| Hargreaves Lansdown Asset Management Ltd.as of 01 Feb 2024 | 2.02m | 4.89% |
| Walker Crips Investment Management Ltd.as of 01 Feb 2024 | 590.00k | 1.43% |
| HSBC Global Asset Management (UK) Ltd.as of 01 Feb 2024 | 442.00k | 1.07% |
| Jarvis Investment Management Ltd.as of 01 Feb 2024 | 357.00k | 0.86% |
| Rathbones Investment Management Ltd.as of 01 Feb 2024 | 326.00k | 0.79% |
| Pilling & Co. Stockbrokers Ltd.as of 01 Feb 2024 | 242.00k | 0.58% |
| BNP Paribas Financial Marketsas of 01 Feb 2024 | 150.00k | 0.36% |
| Evelyn Partners Investment Management LLPas of 01 Feb 2024 | 136.00k | 0.33% |
| Close Asset Management Ltd.as of 01 Feb 2024 | 119.00k | 0.29% |
