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To achieve an increase of the NAV per share in excess of the growth in the FTSE All-Share Index and dividend growth that exceeds UK inflation rate by investing primarily in UK securities.
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And again to 6.9p from 6.7p
If you use "ending" not "ended" it does make more sense. Yes it was a very early start this morning, so probably was too early for me.
I also missed out a comma after 6.4p, as it was only 0.4p up on the previous quarter.
Previous dividend was the final dividend for the year ending 31st March 2022, the new dividend is for the year ending next March. Probably too early in the morning to be thinking of such things Gerry.
The RNS states "they have declared a first dividend for the year ended 31 March 2023"
I take it that is a mistake as we are in 2022. Another 6.4p up on the previous quarter
Up from 24 to 24.8, an increase of 6.7% compared with each of the first two interim dividends.
The divi was rebased recently so its moving back in the right direction. Still someway off 2019's 28p
Well it looks like things are starting to look better even if we are not quite there yet.
The divi is being maintained so far and the final is to be decided. I suspect that will depend on how well the improvement continues. I suspect they are hoping that the divi will be close to being covered, if not fully covered so that they can pay out on similar lines to last year by using the reserves.
The discount has widened so its on the watch list to maybe pick up some more early next year when Mr Market might have a wobble. Of course things might move against me before that.
Id forgot they had a holding in MRW and my own has also disappeared too. It will be interesting to see how the reinvested funds are used and to compare.
It puzzles me why some trusts keep quoting cuts in dividends affecting them and threatening dividend cuts themselves. The Covid drop presented some wonderful opportunities to massively increase yields, why didn't IT's take advantage ?
I only usually invest in quarterly dividend paying companies these days. As Covid hit I dumped the companies who suddenly stopped paying dividends or made dramatic cuts, some at a big loss, others at profit, That gave me a pool of money to top up other companies who weren't as affected. Simple result is that I quickly regained any losses and have a host of companies now paying me a 10% yield because I got in at the bottom. My last three quarters dividends have been absolutely amazing, and I have companies where I am 60% in profit. For the first time in 35 years, I feel my portfolio is exactly where I want it.
OK, Investment Trusts have much more stock to sell when there is a fall, but surely they didn't all sit back and do nothing ?
The rebased dividend is going to be aided with a special this time around so in essence will be the same as last year, so not a cut.
I wonder if they can keep rasing the divi as planned, whilst using smaller and smaller specials to bump it up to current levels until it surpass it. Not sure why except to keep investors happy and not to show a drop.
I suppose the real proof is a rising divi larger than current without the need for specials and a growing NAV to boot.
Very good point adv11, if the holding is still the same from November 30th, then that’s £9,964,104 dividend due on the 26th February.
I wonder how they will invest the cash they have coming in from the Tesco special dividend ?
Still paying the same as last year though, 4 x 6p and a special to make the same again total. Then probably 24p total going forward.
The plan - Cut dividend, buy more alcohol.
Flip a few director shares.
Or is that too simplistic ?
Personally I have managed to increase my dividends throughout the year, so I am sure EDIN could do the same. There has been some great opportunities to lock into high dividends at low prices. My top twenty are all paying over 6%, some over 10%. EDIN will be paying me 4.12% at current rate.
So the dividend has been rebased. Not really a surprise based on all the cuts to individual shares generally during Covid and forced stops on banks etc. Also patxd highlighted so other issues not to mention a poor spell by the previous manager. Im sure he might argue timing and that it will come good eventually
So now we have some new shoes on, hopefully running shoes not wellys and early signs are good. The new manager has taken a different tack . Gearing has gone up, hopefully buying shares cheaper in the lull oh and some buybacks too.
I suppose the question is would I start to add more in future, probably!
Dividend much more than the earnings
Edinburgh investment Trust & Murray International Trust have been voted too picks for Investment trusts in 2019.
In 2018 Edinburgh IT has been put on the top five to invest in. http://www.hl.co.uk/news/articles/five-investment-trusts-for-2018?cid=halDM16491&bid=77144792&e_cti=4418456&e_ct=T&utm_source=AdobeCampaign&utm_medium=email&utm_campaign=Investment_EIxxx_five%20investment%20trusts%20for%202018_17.01.18&theSource=EO602&Override=1 Looking at the discount and where the sp has dropped to I’m not sure it’s worthy of a mention. I’d look at CTY or try MYI with a global presence.
i think caused by PROVIDENT FINANCIAL PLC share price collapsing 68.88% at 4pm PFG Provident Financial plc 541.75 -1,202.00 -68.88% in which EDIN has a 3.64% holding as part of it's fund the point is will PFG make a recovery doubtful i think
Nice to see the divi up by over 4%. but concerned that they cant work out a way to add any extra over the 3 lower paid quarters, thereby sticking with the plan to even out payments throughout the year. Maybe I am missing something or there is a legal aspect but why dont they divide the extra by three and add that to the lower quarter payments. OK those that have held and earned the profit might want to sell now or after ex divi date to collected and run but we were warned of the plan well in advance. "Against a strong market backdrop, the portfolio’s performance was held back by its zero weighting in the mining sector and by the absence of holdings in HSBC and Royal Dutch Shell." - Glad I bought them on my own then, ok I didnt get any mining but we cant all be perfect! "The zero weighting in UK domestic banks was, however beneficial to portfolio performance." Wot no LLOY's? "The holdings in the tobacco sector again delivered a strongly positive contribution to performance" Now I'm conflicted, I wouldnt buy fags on principle but they do have good numbers. Lots in the top 10 too! Still this offers some diversity from my own stock picks and some that I would like but never seem to manage to pick the right time. 15th out of 22 IT's so not been the best but then things can change and hopefully the stuff he has been buying will come good. I was generally happy with my holding here before finding out about the other 14 better ones but I can complain over spilt milk. Roll on that bigger divi
Edinburgh Investment Trust got a top10 spot for 2016 I.T's: http://www.iii.co.uk/articles/381721/our-2016-investment-trust-tips-reviewed
Doesn't read very well on first skim, its not met its long term objective of achieving: 1. an increase of the Net Asset Value per share in excess of the growth in the FTSE All-Share Index; and 2. growth in dividends per share in excess of the rate of UK inflation. The divi is growing and I like the idea to equalize payments but its a miss. Still most managers have a bad period or less good. Mark Barnett will get to keep my holdings as I suspect he can improve things in the longer term, plus I like a growing divi.
Looks like previous threads has been deleted but looking at this to get a bit of the whole market.
beats Aim anytime!
..... issued. I like the reduction in costs and a move to level the dividend payments over the year even if it takes some time to make this happen. The divi has also increased slightly, as expected.
Well what can you say, Mark Barnett's The Higher Income Fund 8.4351 , Income and Growth 4.17 and here EDIN all at record highs again, The FTSE hit another high today of 7095.36, just how long can this go on, To be honest I am amazed at all this really and I can understand why some fund managers have put 20% of their funds into cash but those managers must be scratching their heads the same as I am, what makes it even better is Marks performance of his funds as well and they also hold up well in a downturn, NEIL who, No I must admit I will be putting some money in Neil woodford's Patient Capital Fund.
Happy days here ! Now wish everyone would buy so e CSI and help me out! Spread the love!