The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
so if i buy more shares today at 190ish they will pay me 263 at a later date?
Ffs liked this company so much ,anyway money talks I guess, just going to have to start the homework on a few new high yielding stocks for some income .
Looks like it at 263.60p per share.
Have we just been sold? someone please explain what is happening here.....
However, I also have an account which I manage for my wife. Its only ITs in there. I hold HFEL, NESF and GSF as I do in my own. If I added those to my own holdings HFEL and NESF would be one of my biggest and GSF would be in the top 8 of that list below.
As of today my PF percentages are as
IMB 12%
MNG 11%
PHNX 11%
DLG 11%
GLO 8%
HFEL 7.75%
NESF 7.4%
VSL 5.6%
I am holding 18 different stocks and Investment Trusts across finance, insurance, tobacco, energy, oil and gas, infrastructure. Capital loss on most as I started investing over a year ago. However, with dividend I am around 2% down overall and reinvest every penny.
I may sack off some of the smaller holding IT's that have performed well and current yields are under 6% and throw into GLO to boost the annual returns. Some of the ITs do not increase dividends annually and just about cover dividends through earnings. I think GLO is a better bet.
Given that we. are all fans. and shareholders. of. GLO, are any. of. you prepared . to say. what percentage of your . share portfolios is invested . in the. company as I. would like. to. compare that my own portfolio I. have 6% in GLO. As an income investor and just. for. information - I have 9% in HFEL , 7% in LGEN, and 6% in both. PHNX. and. NCYF.
I also had another 5000 shares this morning. I'm out of cash now. Just dividends to reinvest as they come in.
I'm hoping for the sale of Petroteq to close in June. Its been going on for a year now. Then I will have some more cash to deploy. Buy and leave alone is my investment style now. Dividend compounding is the strategy. This (GLO) fits perfectly
USD/GBP has also given the divi a healthy lift. 16p annualised return from a boring stock that trades in the 180-200p range. Happy days.
Managed to grad 2 x 1500 shares at under 193. Sp been all over the place this morning. Was much more expensive for 3k in one go! Again!
I was concerned I may have missed the boat to add ‘cheap shares’ in time for next two close together divi’s!
Usual caveats
Trek
They appear very professional with much diversity in their energy generating assets. Keen to give back to shareholders. Not a company that will keep you awake at night. Exactly what I'm looking for these days. Not exciting. Potentially never going to appreciate that much in SP value, although they are perhaps well below NAV and could be worth more.
Great update, and the dividend seems to have gone up too.
Pretty happy with this.
Pleasant reading. Growth all round apart from adjusted net profit. I expect down to, as they state a conviction to increasing the dividend by 10% annually and several outages affecting bottom line. Unfortunately pressure equipment and boilers etc need to have regular or planned maintenance.
Boring stuff but I like it.
Told ya!
Shhhh!
Usual caveats
Trek
Quite likely. I have had to break trades down to 1k before. Check my posting history here. I only pay £3.99 a trade with ii so it often costs in for me as the ask can be elevated for larger purchases esp if you go above the EMS.
Usual caveats
Trek
I note that I paid a premium to the ask when I purchased 3000 shares. Is this due to a small free float ?
Actually just added a few more. I don't mind boring and trading at a discount to NAV.
Also finally added SYNT. Hadn't seen the price today until you mentioned them. I'm sure they were nearer £3 yesterday when I looked
Thanks Trek
Yes. Always do my own research. I was actually looking for the negatives but you haven't listed any !
Appreciate the other you mention. I am currently holding PHNX and got my eye on SYNT.
Thanks
It’s a boring divi stock. Even the management are trying desperately to change its perception and attribute more realistic SP value. Look at the majority holder and the last statements it’s all there.
As I have said before we trade on a NAV discount and a healthy forward yield akin to an alternative energy ETF. There you pay annual fees for the same sort of nav discounts for someone else to run the pf.
Here you have assets in Europe and America’s, 20 countries! So you get diversity there and also none in UK which helps, especially if the govt change the terms for a windfall tax from North Sea to all uK energy!
You also benefit from fx tailwinds and a divi at 1.9x cover on my last calcs. Also 10% yoy increase makes it inflation ‘proof’.
Only a small amount of the pf is coal. Most is renewables. Even got us a ESG B rating which puts us on the insti radar but coz the stock is pretty illiquid you can’t really by in mass.
That’s why so many small trades as MM’s try to generate liquidity and manage the price.
Oh and the company IS growing, its debts are per assets so that protects the wider pf. It also has a pot of cash for aquisitions or a special divi and costs are passed on to consumers.
The divi is quarterly which has meant several times now when it goes xd the SP hardly moves! Unlike e.g. DLG, LGEN or PHNX of late which saw the divi and extra come off the SP.
So what are you missing. Nothing. Only that there is value to be found in these markets if you run you own numbers and have your own convictions.
Some other high divi payers for you to research … CMCX, JIM, SYNT, SEPL and PHNX all pretty good bets at their current SP’s! But GLO is my fav!
Usual caveats
Trek
Have been researching here over the last few days and seriously considering adding further today. I am aware of the disposal of the Brazilian assets and the global foot print GLO have with a wide range of energy producing assets. revenue may be impacted this year but margin is apparently increasing as will dividend yield with a policy or claim to increase 10% YoY. That would make this years at this price over 8% as I believe Trek said in a previous post.
Is this a defensive stock ? a little boring perhaps ? (thats what I like) Is it under valued to NAV ?
What am I missing ? where are the or what are the negatives ?
Bought my first here. 5k starter pot at 190p. Been keeping an eye on these for some time. Spreading capital around and will leave some as just cash. Seem to be a solid dividend payer and relatively stable SP for now.
I bought 10k at sub 190. These are the ones I sold at 195/6 from memory a while back. I have a big pot here so I work my average if opportunities arise.
If you factor in the last divi increase I am now getting a forward yield of around 8%
The sp hasn’t moved that much after xd and tends to recover on the drip thereafter.
You have to accept this is an income play with its own trading range. It shouldn’t move too far out of that either side other than for transformational news.
Usual caveats
Trek
Well, it dipped below 189 on Friday. Just under 3K more shares for the dividend pot - in 1 trade.
Trek, is this likely to fall to the low 280s after the Nov 2022 divi? Want to lower my average (282) & increase holding here for long term income.
Picked up 2k shares. Had to break down to 2 x 1k buys as was NT! Liquidity is a joke here.
The SP is not reflective of business value. I am a buyer sub 190 for the quarter income and will continue to buy the dips.
3 more dividends due here in rather quickly succession….
Ex-date
26 May
25 Aug
10 Nov
Record date
27 May
26 Aug
11 Nov
Payment date
10 Jun
9 Sep
25 Nov
That’s 3 payments in 6 months!
Divi increase, buyback or acquisition may also be announced at some point following recent asset sale.
Usual caveats
Trek
Sam i was referring to the previous post about Gore street nice divi but high charges....