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CSDI
Keep going I enjoy reading your self deprecating posts.
We all have our stinkers and just need to have a plan to get out with our trousers still on.
As discussed before I'm in IMB and BATS amongst others, and hope we will both be ok.
Interested in the idea of selling pre ex div as history proves this can be a positive trade.
Steve
Maybe you would contribute to my "general board" chat thread where my p/f is shown in all its gory details.
My aim is to generate income from dividends to reinvest, so 90% of my p/f is in high yield shares.
To say these are out of favour is an under statement.
I assume you are invested here in IMB as I am, and my plan is to hold long term, but did not want to retain near 20% of my p/f in one share. Tobbaco sector maybe horribly out of favour currently, but I would anticipate that "value stocks" will come back at some point in the future - I just don't know when.
As an investor you have to accept the risks involved. I enjoy the challenge and can assure you if I lost everything I am invested in it would not be the end of the world, unpleasant though it would be. I have seen (believe ?) some posters lose more on one share than I have invested in total.
Of the 10 shares I hold, 5 are losing, 4 are in profit and 1 was bought today.
It will be some years before we know how badly my p/f performs, but for now I am beating the target I set myself over the tiny period of 38 months that has elapsed since I started this investment account. (of beating the FTSE100)
I look forward to your constructive comments - be they negative or otherwise.
Cheers & GL - CSDI
i know and you are living up to your reputation.
i mean you no harm but you really should call it a day and buy a fund.
Thanks Steve
I am not called C S D I for nothing
Crap Share Dealing Ideas
csdi. i have seen your posts on a several stocks and come to the conclusion that you are destined to end up in poverty .
totally clueless .
good luck you will need it.
Hi Folks
I have trimmed my 19% holding down to around 12.5% today as sold 2 batches at 1372p.
And used the proceeds to by BATS as believe both shares materially undervalued.
It splits the risk from a company persepective, but of course does not diversify from sector issues.
One batch cost 2125p in August 2019, so taken a 22% loss on that batch, helped by £3.37 divis per share.
And sold a batch that cost 1486 in Jun 2020, so taken a loss juts over 1% on that one, with divis helping of £1.17 per share.
Leaves me with 3 IMB batches, costs of £29, £14.83 and £14.11 respectively. Need SP 1687 to break even on those atm accounting for divis received/receivable.
so time to sit on hands for the long haul ahead with IMB now and hoping that both shares start a decent recovery.
Cheers & GLA - CSDI
Interesting you mention HHI.
I had a very small holding there but sold at beginiing of Feb to consolidate with ASEI, as both funds/trusts pay around 6.5% p.a divi. I am still waiting to be paid for a div that was due 29th January, as Stocktrade transferred ownership to Embark.
It's ridiculous that I have still not been paid but have negotiated compensation of double the divi in form of "free commission" trades.
Having already held IMB for over 3 yrs, I am sure another year or two won't harm.
And I've got the GSK dog too which is about 17% of my p/f - ouch again.
I am not called CSDI for nothing LOL
Cheers
One of my funds is a holder if IMB while generating extra income from the loan of shares .....
... all depends upon the horizon of holding .....
The UK market remains unloved .... we all know why.
Nearly all these large cap income stocks being hit at the moment no matter what in this casino market not just tobacco, GSK couldn't be more ethical yet at multi year lows, hopefully these are great buying opportunities whilst this manipulation goes on, proved to be so with BP when beaten down week after week below £2 last autumn.
Some indicators to give us confidence imo. are recent large director buys of both tobacco co's and GSK. Also IMB is the third largest holding of Fidelity Special Values trust and BAT the largest holding of Henderson High Income trust with GSK third we are in good company.
Hi Manfor.
This is my highest % holding with 19-20% of my SIPP invested here.
It is very concerning that the SP is in a 4 year downtrend.
I first bought a 6% "safe dividend" in Jan 2018 at £29.
Then bought a 10% ditto at £21 in early 2019.
We have had a 33% cut in divi, from 206p to 137p last year.
Now we have the SP down at £13.33 (in my account) but showing as 1353p on LSE here.
Alarm bells are ringing.
To quote an old maestro - Peter Lynch - "just because share price has fallen to a new low, does not mean it cannot go lower".
This is a dog of a share atm in a terrible spiralling trend.
When will it end ...... is the $64m question.
It is in an unfriendly/unwanted sector, long term declining, has the ESG band against it.
But earns over £1.50 EPS p.a, which is too close to the divi payout at 137p.
I am hoping the risk/reward is in our favour, but have no idea where the SP is going.
I managed to lower my average cost a little by trading the divi last week, selling part of my holding at 1505p and buying back at 1415p ish with an extra 50% more shares in the batch.
My plan was to sell some at 1650 but that looks like a tougher target now than I predicted.
A 10% divi is in the category of "too good to be true" so my big hope is that the SP rises sufficiently to take the divi down towards 5 or 6%, but that requires a near doubling of the SP which I do not see on the cards.
Fingers crossed & GLA
Cheers - CSDI
If the institutions don’t want tobacco stocks in their ESG portfolios then so much the better as it means private shareholders can get a dividend of over 10%.