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Hi Svend
Just a point on Tesco. I think you will find that although the BOD stated that the sale would clear the pension deficit - it has not!! Naughty to say the least if true.
Await year end accounts for clarification.
ROCE just not good good enough, and I'm out should it get to 240.
Hi Jr20/CSDI - I agree Tesco SD was a total flop meanwhile the consolidation should be NETT positive for the dividend pie. If management implements a share buyback program now that they fixed the pension deficit that could be an SP catalyst. Their clothing business doing very well up drastically during the lockdowns which is also an advantage over the discounters who must be feeling the pain from the Club card campaigns which seem to gain more and more attention and should help Tesco gain more market share currently growth is set at 7% and with the biggest market share close to 28% - Poly is a longer-term play for me the catalyst here being they have many great assets and the largest 'showel' in the whole industry with precious metal prices more likely to rise on huge EV expansions for the foreseeable future. Good Luck
Not for me as fully invested.
Normally I am investing in big cap HY shares, but have recently started dabbling in more risky AIM shares. I've got very small amounts of 88E, BEG, GGP and NCYT - all suffering double digit % losses, except GGP only bought yesterday with POLY proceeds.
You should be nervous if you hold same shares as the "legendary CSDI" - as the outcome tends to be a disaster LOL
Cheers & GL - CSDI
Worry for both of us that we are in the same shares!!
I have become bearish on Tesco, but hope you get your uplift.
I've kept my powder dry recently, and moved into cash with no clear bargains to be had although I topped up in Lloyds at the right time.
One I've followed for months but keep stalling on is Paypoint. Have you looked there? Think I need to press the buy button but ??????
Poly holding up at 1552 is a very pleasant surprise.
Good luck
Hi Jr
Yepp sold trading batch yesterday having bought on Friday.
Glad I sold the smaller batch and kept the other for the divi - nice surprise to see SP @ 1550 ex 65p divi, when you consider it was below £15 last week. Happy to hold for now to see where the gold price takes us. I only bought last week @ 1567 on Tuesday and 1502 on Friday. For trading has advantgae of no stamp duty too.
And I am in TSCO too, bought @ 223 last week loking for a short term trade of 5% profit or so in run up to ex div.
Interesting that we are in similr shares.
GLA - CSDI
Hi Svend,
Poly holding up better than I expected - think i will keep money aside to add here if price weakens.
Not as optimistic as you on Tesco - think the BOD messed up big time with special dividend and consolidation. A lot of effort for no apparent benefit, and reduced dividend on smaller share base. Sold out at 246 before SD but bought back too early - currently in the red.
I hope I'm wrong and you're right. Good luck
Hi Jr20 - Poly is holding up well considering ex-div today I hold Tesco too nice 4%+ dividend yield and believe it's just a matter of time before the current SP discount evaporates near-term target min £ 2.60 unless tonight's elections turn UK markets into a Scotexit drama.
Hi CSDI
I wondered whether you would sell pre ex divi - thought about it but decided to hang on for divi, and was prepared to add today if price fell below 1500. That looks unlikely now. I like this stock but never confident of what it's going to do!!
Always ready to trade, but believe Poly worth holding until next ex divi.
I see you hold Tesco as do I but worry about this both short and long term. May I ask as to your views?
Hi Darton
I reinvested mine (sorry for the pun) in GGP - Doh !
Double-whammy so far
CSDI1962, Lol, me too. I sold some at 1571 yesterday (4.29 pm). However, you have to also look at the opportunity cost, we have the profit today. Mine is already invested. BP has also not dropped as much as the dividend yet, but I think some of these shares need to re rate. Here's hoping for a red day soon, to get back in ;)
Considering the size of the dividend, this is like a large gap up.
I'm also looking to buy lower than 1500.
So far the drop is only about half of what I expected, so would have improved my profit if I had held my trading batch which I sold yesterday. Frist time I've seen a big FTSE100 divi hold up on ex-div day this year. I've seen some very big drops with other shares, with falls of double the divis for BATS,GSK, IMB, RDSB
I presumed approx 65p drop would occur at the opening, but it looks like gold may be picking up as now in $1790s.
Onwards and upwards I hope for POLY
Cheers & GLA - CSDI
Which explains the SP drop