seeks to provide long-term growth in income and capital, principally by investment in equities listed on the London Stock Exchange.
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Risking it,charges per trade is around 20 quid for 500 shares which is about 4p each share along with his platform fees
at the time was just at a slight loss
re-invested dividends all but on 2 occasions were above 4 pounds
will add more on any pull backs and will use the dividend income later on
mch lwd,hgt all look useful as well
insurance sector has done well since October should have purchases more,sell or hold now that is the decisions
Still not sure I understand it Massey, unless your costs were horrific - Simon is right, you can easily click on your holding with HL and calculate your average buy price. With LGEN and AV you're not comparing apples with apples - The general insurance sector had taken a clobbering but has recently bounced. Especially AV after the news they were being targeted by a suitor. CTY have stayed fairly steady during this time but conversely they are never going to blow the lights out. Their recent announcement about the divi increasing for the 58th straight year does it for me.
Massey,,,see my comment of 26th March. I believe HL's basic 1yr, 2yr, 3yr and 5yr figures etc, are misleading. As far as I can see they are based purely on your original purchases, but do not include reinvested dividends. The best way to check the shares' performance is to see how much you paid for your major purchases and note the number of shares obtained. Then check the number of shares you have now, after the divs have been reinvested. Check the total value against what you paid for your lump investment.
Riskingit,at the time of my comments I was slightly in the red according to HL platform
I would assume this was after purchasing costs I had several buys usually 500 shares at a time
this morning it shows 2.7 percent in the blue
Aviva up 24 percent
Lgen up 15 percent
Massey I don't understand how you can be in the red???? Your average purchase price is less than the price when you posted (3.94) and you've reinvested the divs?
Gwm - I will retire this year so sounds like you're in similar position to me regarding annuities. Not so long ago they were untouchable but nowadays you can easily get > 6%. So for anyone seeking absolute security they have to be a good thing. I've decided though to stick with drawdown and safe ish reliable funds like CTY give me confidence i'll be okay. Besides I enjoy investing (mostly 😂) plus knowing my luck I'd start an annuity and then croak it.
Get Rich Quick / Spades / Zac .......My apology to all of you for the stupid comment I made, back in November 2023. I now realise I was misled by an HL advisor who said the share performance figures on their website over 1 to 5 years, includes Divs reinvested. On that basis I thought the performance for CTY was terrible. The performance figures actually shown do NOT include the divs reinvested, and merely the original sum invested.
Thank you all for clarifying it to me.
Riskin it
Thx for heads up on aei I will reseaearch.
Strange year, overall successful.
My picks have averagely beaten cty and global income and growth, but not in the way I expected. Huge blue chip vod managed to lose 30 percent yielding 11%, div Caspian oil started today 36 pc up, Rolls Royce supposedly stable one doubled, Oxford bio with its new 98pc effective psa test down 40p to 12p. Insurers with their 8pc divi gently rising. Glaxo rising. Uraniuum etf only couple percent higher than when I bought mid 23, thats big surprise.
I would rather a couple of funds that choose the shares and provide a div as cty though.
It will get even more difficult when pension has to be converted to annuity or drawdown, why give insurers vod glaxo etc yielding around 6pc to annuity. provider.... Is cty safer ???? ... haha discuss only not advice.
Prior to that in the interest of diversity maybe be picking up divi producing gold silver copper nickel iron ore miners.
Hi been invested here two years now picked up shares from3.72 averaging 3.89 with all dividends re-invested
I am currently slightly in the red,also see lots more selling than buying recently
And, apart from the divi, with a 52 week low of 371.50 and a 52 week high of 432, there is plenty of scope for making a decent capital gain with minimum risk.
GWM - There's no guarantees of course but CTY's record of raising dividends and paying out through thick and thin is pretty impressive. A 5% yield might not sound too sexy right now but when the cycles changes (and it will) A consistent and rising 5% div will look pretty attractive. If you read the CTY prospectus the directors state that they recognise the importance of dividends to their investors - I like that because it means their modus operandi is aligned with mine.
This is not advice....... But you could take a look at AEI, again an impressive divi record that is higher than CTY which is also consistently paid, albeit without CTY's incredible longevity. From a sleeping at night perspective AEI mostly invests in large blue chip companies so generally moves up and down with the market, but is not for investors who consider ESG i.e. tobacco, oil, mining etc
Risk
Can you see a high chance of a RISING divi here.
u are right, if you started here 2 years ago the stock price now unchanged.
I so wish to invest in a high div gowth fund instead of choosing own stocks, however my choices, and they are pretty avege.. likes of lgen aviva r royce uranioum vod tesco have stock price up and way higher div. Surely it cant be right an average person with 10 or so shares can beat these funds??????? Id far rather buy funds and forget about them.
Zac I think it depends on your reason for investing - If you're seeking growth these probably aren't really for you.
If like me however you're retired and seek a decent but more importantly a reliable income (not guaranteed but the div record here is impressive), then CTY fit the bill perfectly.
Of course with the current BOE rates, the c. 5% div looks mediocre, but you don't have to go back to far to when gilts yielded almost nothing.
Simon1367 - an investment here 5 years ago with dividends reinvested would have delivered a total return of 27%.
However, to put that into context a similar investment in a global index tracker fund/etf would have delivered a return of 66% over the same timescale.
One reason why I limit my investment in dividend paying assets to around only 25% of my portfolio value
I don't think Simon gets dividend investing
Morning, Simon,
I partly understand your viewpoint and based on what you've said, if someone bought £10k of shares at £4, then they would own 2,500 shares.
If you took the dividends as cash, then that would generate £500 per year.
5 years worth of dividends, and you'd have earned £2,500 in cash and, you'd still own your original £10k investment!
All the best.
The 'impressive' dividend record is somewhat of an illusion in terms of overall performance. After all, if one had bought £10,000 of the shares at a price of £4 five years ago (which really was the SP then), and then re-invested all the dividends since then until now, you would have an investment in these shares worth only £9600. Diabolical when you look at it like that.
Shrewd move LT - Dividend track record the envy of many and a thick end of a c. 5.5% div. I first invested here when the div was 4% and I've never looked back
At under 373p
Thanks for the link
Yep. A nice link, Dalius.
Thanks for sharing that
5.05p per share payable on Thursday 31 August.