2020 showed off Shires Income’s (SHRS’s) ability to deliver on its objective. By sourcing income from a wider pool than most of its peers, SHRS’s revenue account held up well relative to the wider UK market, and it managed to produce returns ahead of the average of its peers and the UK market (see page 15 for an analysis of SHRS’s sources of revenue). Iain Pyle, SHRS’s manager, is cautiously optimistic about the outlook for 2021. The pace of economic recovery, supported by considerable injections of government money, will be influenced by the success of vaccination programmes. Iain’s focus has been on securing SHRS’s revenue income. He is wary of the valuations being applied to some stocks and stresses the need to be selective, which SHRS’s investment approach gives him the freedom to do.
03 Feb 2021
High yield without compromising on returns
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High yield without compromising on returns
Shires Income PLC GBP (SHRS:LON) | 225 -5.6 (-1.1%) | Mkt Cap: 93.1m
- Published:
03 Feb 2021 -
Author:
James Carthew | Matthew Read | Shonil Chande - Pages:
2020 showed off Shires Income’s (SHRS’s) ability to deliver on its objective. By sourcing income from a wider pool than most of its peers, SHRS’s revenue account held up well relative to the wider UK market, and it managed to produce returns ahead of the average of its peers and the UK market (see page 15 for an analysis of SHRS’s sources of revenue). Iain Pyle, SHRS’s manager, is cautiously optimistic about the outlook for 2021. The pace of economic recovery, supported by considerable injections of government money, will be influenced by the success of vaccination programmes. Iain’s focus has been on securing SHRS’s revenue income. He is wary of the valuations being applied to some stocks and stresses the need to be selective, which SHRS’s investment approach gives him the freedom to do.