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Thanks for your comments CSD. Afraid I missed your post until the latest addition.
I am really happy with my portfolio at the moment. For the first time I have everything covered that I want to be in, so am sitting back for a while. The shares I have sold over the past few months have proved impossible to get back in without paying more, so I am only intending trading BP, Shell, IMB and BATS at the moment. The ones I am still well down on, like NRR, PCA, and BCPT, I have averaged down as far as I dare, so will sit and wait.
I'm not too sure the market is due a big correction atm. Who knows ? Looking at some of the shares I am up on, you would think a fall was imminent, but I hope not.
On the initial Covid fall I found it very beneficial to sell quite a few shares on the way down and reinvest when it looked like the bottom, which had a fantastic effect on my yields. I'm 15 percent up on AEW UK at the moment, so it would be easy to sell and take some profit, but it's also a great yield. Best wishes.
I also sold out at 98p today, it’s been on a very decent run over the last 2 months and now very close to pre Covid levels
Hi Adv
Good luck in your retirement.
My p/f taken a right kicking today.
Not sure if I've done sensible thing but sold here again yesterday after a sudden spike to 98p.
Also sold ASEI today after a nice run - that's a good quarterly divi payer that you may be aware of too.
I've taken a short term punt on an ETF called LUK2, which will work well if FTSE bounces back, but will suffer if we have further falls.
Wish you well with your investments, which you seem to have plenty of.
Not sure if you may be interested in reading about Stpehen Bland's idea of the High yield Portfolio. He has been writing for over 20 yrs on it.
The other high yield idea I read about is Midas Dogs of the FTSE in the Mail on Sunday. I don't think it is a well balanced scheme, but may throw up one or two shares for consideration with the divis.
Certainly not suggesting anything as an investment, more just ideas for consideration.
My HY shares have been trimmed significantly since start of the year and now only include CEY, GSK, IMB and VOD.
I have many others on watchlist, but now more reliant on short term trades with targets of between 3% and 10% profits which are equivalent of dividends. If I can make 5% twice a year, that would be a great result.
The market has been kind to us over the last 6 months or so, but the test will be how to make profit when the market falls again.
Good luck and no worries about differing opinions and views. As you say it is all about making a profit at the end of the day. And it does not matter how we get there.
Cheers - CSDI
Hi CSD. Sorry I missed your reply to me. Sorry for having a go at you. It's every man for himself when it comes to investing, and I generally see these boards as being infested with fakes and con men, so I don't try and make friends on here. I kept seeing your name on most of the shares I am in, and usually you seemed to be bragging about short term gains on quarterly dividends. Of course, it is your right to do whatever you wish. I just don't like seeing people trying to persuade others what is good. Had a spat today with another regular poster who advised me that PCA was going to get taken over. That was two and a half years ago and he is still telling the same story today. Great dividends as well, but fails to mention they have been zero or almost halved over the past year.
Anyway, I was doing ok with dividends until I started talking with a company director on Twitter some years back. Listening to him, and his thousands of followers on these boards cost me an absolute fortune, and I have worked hard to earn that money back. I actually retire today. I have shares in two AIM companies left, and everything else is in 70 quarterly dividend paying companies. I tried trading them for a couple of quarters, but I soon learned that the only way is to get in cheap, top up when needed, and stick with things. The last two quarters have been the best ever - I have sold out of a few companies where the profits totally outweighed the potential dividends, and I do aim to get back in asap. But mainly, I just let the dividends roll in.
I am sure we would get on well in real life, I do wish you and every honest investor all the best.
CSD - It's been a dreadful decade for HY/Value shares, but the tide seems to be turning strongly here - I predict a great couple of years for these stocks (eg REITs like this, and UK financials). Hence, I wouldn't run away too quickly!!
Hi Adv,
not sure if you're having a go at me, bit I can promise I have nothing to brag about.
I call myself CSDI (Crap Share Dealing Ideas) with good reason.
historically I've always pursued dividends, following idea like the Midas Dogs of the FTSE scheme, and Stephen Bland's High Yield philosophy, but found that I have ended up with too many shares at high prices that never seem to recover, as you say elsewhere, that the SP drop is far greater than the divi income.
After years of getting nowhere and being constantly in the red, decided at start of this year to try some shorter-term trading.
My SIPP p/f is now roughly 50% in HY shares (long term hold) and 40% in trading batches and 10% in "fun/punt/gamble" shares.
Last year's market drop with Covid was hard to stomach, but nowehere near as bad as my first SIPP experience and the financial crash of 2007/08, where my p/f was decimated by 2/3. Luckily I got most of it back after about 10 yrs when clsoing the account in 2017.
I have a habit of starting investing at the wrong time as my first SIPP started in May 2007 just before the crash.
My 2nd SIPP started in Jan 2018 and did well for 1st six months or so, but fell with the market decline from July 2018 to date. Currently I have net loss of about 2.5% in 40 months, compared to FTSE100 loss of 9% over same period.
Very poor performance and hence my nickname CSDI.
Hopefully you've had more success than me.
One of the reasons I right about my trades/investments is so that others can learn from my mistakes, and most people feel better when they know someone else is in similar or worse position.
Cheers for now - CSDI
Sounds like he's bragging again to me. Nothing learned !
Hey I'm joking - we are all clowns when it comes trading. Except one guy on another board who uses a clowns name and takes himself seriously.
Fair enough CSDI.
Stock went XD 2p today, hence the fall.
HI Matt
Yepp - you are spot on there - I've thrown away a few quid. Should have just stayed invested - tried to be clever and was wrong.
But compensated for a trade with POLY. Sold on Thursday also (@ 1637), but bought back in @ 1567.
Got myself 3% more shares after commission, with the same money, to add to the 9% profit made in 4 weeks.
Today i've sold NCYT @ 565p and bought back @ 503p, so got an extra 9% shares there as well.
Sometimes I reinvest all proceeds from a sale and sometimes just buy same number of shares and keep some profit for another trade or investment.
I have a mix of LTH - about 50% of my p/f in high yield shares.
With about 40% in trading shares - which normally can take bw 1 day and 3 months to complete.
I have about 10% for punts, currently in NCYT (5%); and 88E (4%) which was down 35% until two days ago - my worst current holding.
You win some, you lose some. hindsight is always right.
Cheers - CSDI
Please don't worry about making me happy CSD, like you say, we all do our own thing. I have experimented with trading quarterly divi payers, and the result is always the same - you can double your dividends, but always end up losing almost the exact same amount as you make. ie - make £5000 dividends in a quarter, and lose £5000 trading, when you could have been happy with £2500 dividends.
One only has to glance at these boards to see the increase in the number of "oil men" and "gold prospectors" playing the quarterlies. Trouble is, they are never satisfied enough to play by themselves, they have to try and encourage the gullible and brag about what they do - mostly by talking down companies they aren't invested in, so they can get back in cheap.
But yes, I do dabble a bit - recently took massive profits on Jarvis, BR Energy, and BR World Metals - but I know that I will never attain the yields I was on.
So after stamp duty and commissions you've basically lost money. You're a MM's dream.!
Hi Adv - wanted to make you happy, so bought back in again at lunch time.
Paid 93.6p per share, but only 90% of what was sold last week.
Will see how it reacts to going ex-div, before deciding whther to hold long term or trade short term.
The 2p per qtr divi is very high and not covered by earnings for last quarter.
It wil be hard to maintain 8p p.a divi if earnings do not cover.
Hopefully we will see further investments in due course which will grow NAV and EPS, but there may be rocky road ahead with businesses still suffering from Covid effects, after govt support is withdrawn.
As a small hedge I have recently invested 6% of my p/f into Insolvency specialist BEG.
Will be interesting to see how this REIT performs compared to others like SUPR.
Both have performed superbly in last 3 mths, so I sold both last week, already reinvested here to catch the next divi, but not yet with SUPR, although have bought a trading batch of TSCO, investing same amount (6% of p/f).
GLA - CSDI
Hi Adv,
Having seen so many shares drop by mulitiples of their divis, it seems a reasonable opportunity to make a profit in some cases.
Having been a LTH of my shares historically, they rarely go up in straight line.
So far this year I have increased my profits by trading divis with BATS, GSK & IMB, while still holding those.
If I can afford to hold two batches - one for LTH/income and one for trading - then this is what I prefer.
Each to their own ... and we are investing for one reason only - to make profits if we can.
AEWU has had a great run over the last month, so thought I would give it a go.
It has already dropped over 1p, so another 1p fall would be more than enough to cover costs of SD and comms.
Cheers & GL - CSDI
Sad day when traders started playing quarterly divi shares. Be a long time before you get back in at the price you were. Warehouse is really expensive ATM.
Hi folks,
Decided to take a short-term profit by selling on Thursday at 94.1p. Made a return of approx 13% in just one month.
If we get a drop before ex div on Thursday, I would be tempted straight back in, otherwise wait until after ex-div to see if the drop is greater than the 2p divi.
The SP has climbed very rapidly over the last few weeks, so good chance of small pullback to allow re-purchase.
As a long term investment, this looks like a sound choice as part of my SIPP p/f.
I have also just sold SUPR for a smaller short-term profit, and would like a chance to re-purchase there too.
As a 3rd choice I am looking at WHR, and would be happy to hold any 2 of these 3 to a max of 10-12% of p/f.
GLA - cheers - CSDI
Good news reported today by AEW. Successful outcome of court case to recover rent arrears. Full details on RNS.
Concerning that Blackpool and Glasgow issues wont be resolved until 2022, also the provision for doubtful debts all factors driving the divi cover down to 55%. Hope to see some improvement next quarter when hopefully new investments are taken on board.
"As at 31 March 2021, the Company had a cash balance of £17.45 million and has £15.53 million of its loan facility available to draw up to the maximum 35% Loan to NAV at drawdown. "
Income earned for the period : 2.30p per share
Expenses and net finance costs for the period : (1.20)p
Interim dividend paid : (2.00)
Loss for the quarter due to covering the 2p dividend = 0.90p, or £1.42m
So in answer to "How much left in the tank ?"
Plenty.
Happy with this. Just bought during the last quarter so this is my first dividend.
Update today on RNS.
I cannot see any comment on company website re March update and divi.
Last yr was published on 20th April.
Anyone know when we can expect update from Company ?
Last RNS implies another 2p per qtr divi, making it 8p p.a.
SP been on a good run lately - how much left in the tank ?
Thanks - CSDI