Something to look at [HGLB]

[xray]

A sleeper if I ever saw one. Investors seem to wake up to HGLB [only] in down markets and then they consider buying it. It might be because it invests only in "Long Term Growth Capital" and only for the "Future Long Term Growth" and investors only invest in the "short term" type investments. With that said....

 Looking at my current [math] analysis data [single opinion] of HGLB:

1... 10star last 3wk period [0-10 star rating analysis system with 10star best]
2... Report Card "100" [0-100 rating system]
3... Change in NAV last week [COB Friday]: +$0.26
4... Change in NAV last 2-wk period: +$0.69
5... Current weekly analysis change from previous week: +$0.09
6... Weekly score for current buying activity: +353 [>+300 required]
7... Total NAV analysis change to date: +2.87 [>+131 required]
8... Current Chart performance rating: +10.85 negative [>+11.79 required]
9... Year-to-date NAV change: +0.62 [>+0.45 required]
10..Rf [Risk to portfolio]: +0.303 [>+0.186 required]
11..Current Dividend [COB Friday]: 11.33% [>+9.00% required]
12..Dividend sustainability: +467 negative [>+549 required]
13..Current "Discount" +1.42 [>+1.04 required]
14..MktPrc to Book value: +1.01 [>+1.00 required]
15..Current change in weekly intrinsic value: +0.07 [>-0.11 required]
16..Trend looking forward: +2.03 [>+0.91 required]

 Data [IMHO] is just too positive and their current Management appears to be trying to get the MktPrc more in line with the discount. They won't do it by cutting the dividend [discount will only get larger]. Current monthly dividend [0.071 monthly (0.852/Yr)] will be x-div on 3/23, pay 3/31...

 Disclosure: Some of us are currently "overweight" in our holdings of HGLB currently....

One single opinion of the many I am sure....


Live Long and Prosper....

[xray]

Looking at my current [math] analysis data [single opinion] of HGLB [maintaining a 8.5% div/Management Policy]:

....................................................March 9th .......................................................... July 15th 2021 ..............................

Current MktPrc [COB Friday] ....................................................................................... 9.26
Current MktPrc [7/15] ................................................................................................ 9.35
1... 10star last 3wk period [0-10 star rating analysis system with 10star best]................... 10star  
2... Report Card "100" [0-100 rating system] ................................................................ 95 
 ...  13wk Report Card average .................................................................................... 9.50
Current NAV [COB Friday] .......................................................................................... 11.79
Current NAV [7/15] ................................................................................................... 11.75
3... Change in NAV last week [COB Friday]: +$0.26 ....................................................... +0.00
4... Change in NAV last 2-wk period: +$0.69 ................................................................. -0.05
 ...  NAV "trend" going forward .................................................................................... +1.29 [>+174 required]
 ...  NAV "Crash Data Point" ......................................................................................... 11.59
5... Current weekly analysis change from previous week: +$0.09 .....................................  
6... Weekly score for current buying activity: +353 [>+300 required] ............................... +357 [>+296 required]
7... Total NAV analysis change to date: +2.87 [>+131 required] ......................................  +1.29 [>+141 required]
8... Current Chart performance rating: +10.85 negative [>+11.79 required] ..................... +11.81 [>+13.70 required]
9... Year-to-date NAV change: +0.62 [>+0.45 required] ................................................. +1.49 [>+1.17 required]
10..Rf [Risk to portfolio]: +0.303 [>+0.186 required] .................................................... +0.060 [>-0.025 required]
11..Current Dividend [COB Friday]: 11.33% [>+9.00% required] .................................... 9.20% [>9.18% required]
12..Dividend sustainability: +467 negative [>+549 required] .......................................... +465 [>+581 required]
13..Current "Discount" +1.42 Very positive [>+1.04 required] ........................................ +1.27 [>+1.02 required]
14..MktPrc to Book value: +1.01 [>+1.00 required] ...................................................... +1.00 [>-0.95 required]
15..Current change in weekly intrinsic value: +0.07 [>-0.11 required] ............................. -0.02 [>-0.65 required]
16..Trend looking forward: +2.03 [>+0.91 required]

UPDATED:
Data [IMHO] is just too positive and their current Management appears to be trying to get the MktPrc more in line with their discount. They won't do it by cutting the dividend [discount will only get larger]. Continuing with current monthly dividend [0.071 monthly (0.852/Yr)] will be x-div on 7/22,8/23,9/22, pay 7/30,8/31/9/30...

Comment: As indicated in my previous "CapGain" comment, CEF's are now under "FIRE" and "value" is no longer favorable. We should expect some downdrafts in the short term [keeping in mind that "value" never goes out of favor for long periods]. Some of us remain 20% "CASH". No changes in portfolio are expected in the short term....

Disclosure: Some of us [income oriented investor types] remain "overweight" in our holdings of HGLB >6% norm max requirement for portfolio (with continuing CapGain)] currently....

One single opinion of the many I am sure....


Live Long and Prosper....

[xray]

HGLB
Something to "THINK ABOUT"....

 In HGLB's last distribution announcement the following statements were made that helps know what HGLB is doing:

GlobeNewswire
Highland Global Allocation Fund Declares Monthly Distributions of $0.071 Per Share
Highland Global Allocation Fund
Fri, October 1, 2021, 7:00 PM

HGLB
-0.42%

DALLAS, Oct. 01, 2021 (GLOBE NEWSWIRE) -- Highland Global Allocation Fund (NYSE: HGLB) (“the “Fund”) today announced the declaration of monthly distributions of $0.071 per share, payable on the dates noted below. Under the Fund’s level distribution policy, the annual distribution rate has been reset to an amount equal to 8.5% of the average of the Fund’s net asset value (“NAV”) per share, as reported for the final five trading days of the 2020 calendar year. The Fund is declaring distributions of $0.071 per month for October through December 2021.

The following dates apply to the distributions declared:

Ex-Date: 10/21, 11/22, 12/22
Payable Date: 10/29, 11/30, 12/31

About the Level Distribution Policy

In March 2019, the Fund’s Board of Trustees (the “Board”) approved a level distribution policy (the “Level Distribution Policy”) under which the Fund makes monthly distributions to stockholders at a constant and fixed (but not guaranteed) rate that will reset annually to a rate calculated based on the average of the Fund’s NAV per share (the “Distribution Amount”), as reported for the final five trading days of the month preceding the announcement of distributions. The Distribution Amount applicable to Q4 2021 was reset based upon the results of the distribution rate calculation. The Distribution Amount applicable for future periods may be reset based upon the results of the distribution rate calculation.

There can be no guarantee that the Level Distribution Policy will be successful in its goals. The Fund’s ability to maintain a stable level of distributions to shareholders will depend on a number of factors, including changes in the financial market, market interest rates, and performance of overall equity and fixed-income markets. As portfolio and market conditions change, the ability of the Fund to continue to make distributions in accordance with the Level Distribution Policy may be affected.

Shareholders have the option of reinvesting distributions in additional common shares through the Fund’s Dividend Reinvestment Plan, or electing to receive cash by contacting AST, their financial adviser or their brokerage firm. Shareholders who wish to receive their distribution in cash must opt out of the Fund’s Dividend Reinvestment Plan. For further information, shareholders should carefully read the description of the Dividend Reinvestment Plan in the prospectus.

The Board may amend the Level Distribution Policy, the Distribution Amount or distribution intervals, or the Fund may cease distributions entirely, at any time, without prior notice to shareholders. The announcement of, amendment to, or later termination of this Level Distribution Policy may have an adverse effect on the market price of the Fund’s shares of common stock.

The Fund may at times, in its discretion, pay out less than the entire amount of net investment income earned in any particular period and may at times pay out such accumulated undistributed income in addition to net investment income earned in other periods in order to permit the Fund to maintain a stable level of distributions. As a result, the dividend paid by the Fund to shareholders for any particular period may be more or less than the amount of net investment income earned by the Fund during such period. The Fund intends to distribute all realized net long-term capital gains, if any, no more than once every twelve months.

To the extent that sufficient investment income is not available on a monthly basis, the Fund’s distributions may consist of return of capital in order to maintain the distribution amount. A return of capital occurs when some or all of the money that shareholders invested in the Fund is paid back to them. A return of capital does not necessarily reflect the Fund’s investment performance and should not be confused with ‘yield’ or ‘income.’ Any such returns of capital will decrease the Fund’s total assets and, therefore, could have the effect of increasing the Fund’s expense ratio. In addition, the Level Distribution Policy may require the Fund to sell its portfolio securities at a less than opportune time to meet the distribution amount.

Shareholders should not make any conclusions about the Fund’s investment performance from the amount of the Fund’s distributions or the Fund’s Level Distribution Policy. With each distribution that does not consist solely of net investment income, the Fund will issue a notice to shareholders that will provide detailed information regarding the amount and composition of the distribution and other related information. The amounts and sources of distributions reported in the notice to shareholders are only estimates and are not being provided for tax reporting purposes. The actual amounts and sources of the distributions for tax reporting purposes will depend upon the Fund’s investment experience during its full fiscal year and may be subject to changes based on tax regulations. The Fund will send individual shareholders a Form 1099-DIV for each calendar year that will tell them how to report these distributions for federal income tax purposes. Please consult your tax advisor about any tax implications applicable to you in light of your particular circumstances.

---------

Comments:
1... Appears we will be resetting the distribution amount in December [4th Qtr] for the following year at a higher distribution rate [currently since the NAV is higher than last years calculation]....
2... The current "Discount" of +1.28 is extremely high currently [well above the norm for any CEF (1.00 normal)] and thus a cut in the distribution would "increase" the discount [under normal market conditions] which would not be practical for this CEF....
3... HGLB is currently "NEUTRAL" with below standard analysis performance numbers [currently]. Report card grade <50 with a power rating of 62....
4... Current distribution is currently >9%....
5... Last insider buying activity was on 7/8 for 4,300sh @ 9.15 [vs 9.44 in early trading today]....
6... NAV is currently 11.80 [same as COB last Friday]....

Disclosure: Some of us are maintaining our phase #2 position [4-6% ... Normal Risk]

Live Long and Prosper....

[xray]

NEWS
HGLB [999sh buy @ 9.42]

As of 11:59pm ET October 14th, 2021
Filing
Date Transaction
Date Insider Name Ownership

Type Securities Nature of transaction 
Oct 13/21 Oct 12/21 Froehlich Robert J Indirect Ownership Common Stock P - Open market or private purchase Footnote and/or Remark 999sh @ $9.42

Live Long and Prosper....

[richardsok]

HGLB. I own it & watch it daily. My technicals just hit a confirming "accumulate" signal today. I saw it slip toward the close and added another block.

[xray]

richardsok,

Your:
HGLB. I saw it slip toward the close and added another block.

----------

 My computer data indicates that Tuesday was the best MktPrc day for buying [COB 9.41] which was +0.03 higher than COB last Friday. Computer data also indicates that 9.35 remains the best entry [or adding shares] point....
 The recent insider buy on 10/12 @ 9.42 [against the closing MktPrc yesterday of 9.41] implies you made a good buy going forward [IMHO]....

Live Long and Prosper....

[xray]

richardsok,
HGLB went to a new high today. On Friday (COB) the NAV and MktPrc were 12.05 and 9.76 respectively. Moving up nicely but the "HUGE" discount remains and tis is one of those CEF's that remains undervalued with no investor interest for the long term. Even with the increased monthly dividend raised from $0.710 to $$0.810 little interest is apparent. 

Top Sectors
As of 12/31/2021 reported by Fund Sponsor

Cash Equivalents (Super Sector) 27.68%
Cash Equivalents 27.68%
Sensitive (Super Sector) 26.63%
Cyclical (Super Sector) 18.83%
Communication Services 16.43%
Real Estate 15.85%
Corporate (Super Sector) 12.62%
Defensive (Super Sector) 11.37%
Energy 10.89%
Bank Loan 9.72%

---------

Comment: Currently 10star with a Report card of 75 with a power rating of 89 (and a report card analysis projection of "95"). Portfolio sell code is "0", with a Risk" factor (Rf) of +0.108 (need >0.206 for additional buying)....
Disclosure: Increased to maximum+ holding last week....

Live Long and Prosper....

[xray]

richardsok,
Your:
HGLB. I own it & watch it daily. My technicals just hit a confirming "accumulate" signal today. I saw it slip toward the close and added another block....

My:
A sleeper if I ever saw one. Investors seem to wake up to HGLB [only] in down markets and then they consider buying it. It might be because it invests only in "Long Term Growth Capital" and only for the "Future Long Term Growth" and investors only invest in the "short term" type investments. With that said....
Looking at my current [math] analysis data [single opinion] of HGLB:

1... 10star last 3wk period [0-10 star rating analysis system with 10star best]
2... Report Card "100" [0-100 rating system]
3... Change in NAV last week [COB Friday]: +$0.26
4... Change in NAV last 2-wk period: +$0.69
5... Current weekly analysis change from previous week: +$0.09
6... Weekly score for current buying activity: +353 [>+300 required]
7... Total NAV analysis change to date: +2.87 [>+131 required]
8... Current Chart performance rating: +10.85 negative [>+11.79 required]
9... Year-to-date NAV change: +0.62 [>+0.45 required]
10..Rf [Risk to portfolio]: +0.303 [>+0.186 required]
11..Current Dividend [COB Friday]: 11.33% [>+9.00% required]
12..Dividend sustainability: +467 negative [>+549 required]
13..Current "Discount" +1.42 [>+1.04 required]
14..MktPrc to Book value: +1.01 [>+1.00 required]
15..Current change in weekly intrinsic value: +0.07 [>-0.11 required]
16..Trend looking forward: +2.03 [>+0.91 required]

Data [IMHO] is just too positive and their current Management appears to be trying to get the MktPrc more in line with the discount. They won't do it by cutting the dividend [discount will only get larger]. Current monthly dividend [0.071 monthly (0.852/Yr)] will be x-div on 3/23, pay 3/31...

---------

 HGLB ... a no brainer (IMHO)....Update for you (COB Friday)....
HGLB has the following analysis parameters:

1... 10star last 2wk period [0-10 star rating analysis system with 10star best]
2... Report Card "83" [0-100 rating system] ... Power rating: "95"
3... Change in NAV last week [COB Friday]: +$0.10
4... Change in NAV last 2-wk period: +$0.11
5... Current weekly analysis change from previous week: +$0.26
6... Weekly score for current buying activity: +332 [>+300 required]
7... Total NAV analysis change to "NEW" 2022 date: +9.58 [>+9.16 required]
8... Current Chart performance rating to "NEW" 2022 date: +2.39 [>+1.26 required]
9... Year-to-date NAV change "NEW" 2022 date: +2.39 [>+1.26 required]
10..Rf [Risk to portfolio]: +0.318 negative [>+0.382 required]
11..Current Dividend [COB Friday]: 9.95% [>+9.00% required]
12..Dividend sustainability: +101 negative [>+128 required]
13..Current "Discount" +1.25 [>+1.03 required]
14..MktPrc to Book value: +1.03 [>+0.98 required]
15..Current change in weekly intrinsic value: +0.34 [>+0.00 required]
16..Trend looking forward: +3.26 [>+0.221 required]

Disclosure: Some of us are currently have a full allowable (risk oriented) position (6%) in our holdings of HGLB....

Live Long and Prosper....

[xray]

richardsok,

 HGLB hit a new high today....

Disclosure: Some of us continue to hold this CEF in our portfolio's....

Live long and Prosper....

[xray]

Reference:
Post by xray on Jul 15, 2021 at 2:21pm
Looking at my current [math] analysis data [single opinion] on HGLB [maintaining a 8.5% div/Management Policy]:

....................................................March 9th .......................................................... July 15th 2021 .............................. July 31st

Current MktPrc [COB Friday] ....................................................................................... 9.26 .............................................10.29
Current MktPrc [7/15] ................................................................................................ 9.35
1... 10star last 3wk period [0-10 star rating analysis system with 10star best]................... 10star .......................................... 10star
2... Report Card "100" [0-100 rating system] ................................................................ 95 ................................................ 97
... 13wk Report Card average .................................................................................... 9.50 stars ....................................... 9.67 stars
Current NAV [COB Friday] .......................................................................................... 11.79 ............................................ 12.64
Current NAV [7/15] ................................................................................................... 11.75
3... Change in NAV last week [COB Friday]: +$0.26 ....................................................... +0.00 ........................................... +0.53
4... Change in NAV last 2-wk period: +$0.69 ................................................................. -0.05
... NAV "trend" going forward .................................................................................... +1.29 [>+174 required] ................... +3.85
... NAV "Crash Data Point" ......................................................................................... 11.59 ............................................. 11.43
5... Current weekly analysis change from previous week: +$0.09 .....................................
6... Weekly score for current buying activity: +353 (>+300 required) ............................... +357 (>+296 required) .................. +362 (>+267 required)
7... Total NAV analysis change to date: +2.87 [>+131 required] ...................................... +1.29 [>+141 required] 
8... Current Chart performance rating: +10.85 negative [>+11.79 required] ..................... +11.81 [>+13.70 required]
9... Year-to-date NAV change: +0.62 [>+0.45 required] ................................................. +1.49 [>+1.17 required] 
10..Rf [Risk to portfolio]: +0.303 [>+0.186 required] .................................................... +0.060 [>-0.025 required] ................ +2.28 (>+245 required)
11..Current Dividend [COB Friday]: 11.33% [>+9.00% required] .................................... 9.20% [>9.18% required] 
12..Dividend sustainability: +467 negative [>+549 required] .......................................... +465 [>+581 required]
13..Current "Discount" +1.42 Very positive [>+1.04 required] ........................................ +1.27 [>+1.02 required]
14..MktPrc to Book value: +1.01 [>+1.00 required] ...................................................... +1.00 [>-0.95 required]
15..Current change in weekly intrinsic value: +0.07 [>-0.11 required] ............................. -0.02 [>-0.65 required]
16..Trend looking forward: +2.03 [>+0.91 required]

UPDATED:
Data [IMHO] is just too positive and their current Management appears to be trying to get the MktPrc more in line with their discount. They won't do it by cutting the dividend [discount will only get larger]. Continuing with current monthly dividend [currently raised to +$0.081 from 0.071 monthly (0.972/Yr)] will be x-div on 7/22, 8/23, 9/22....

One single opinion of the many I am sure....


Live Long and Prosper....