Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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Main points I see are;
Pre tax profit up 26%.
EPS up 24%.
Dividend up 19%.
ROE up 8%
Solvency ratio up 4%.
Exceptional profits of £769m recorded.
Proposed dividends look good.
I must be missing something because the end of year results leave me quite happy, I don't understand the drop in SP.
I'm not sure why, guess the market expected better results.
Mr Market not impressed
There is a lot of competition in this sector, however ADM has been kind to me over the years, but the SP is a little lackluster.
Worth holding for the dividend at the moment.
Sorted now and I have a strategy
I meant out of my BED account.
Hi
While I would not usually consider dividend capture strategies, as I tend to try and pick a stock to hold and would consider myself an investor not a trader, I havea puzzle I need help to solve despite checking online.
The last couple of years I have maxed out my ISA and the wifes ISA so started a BED account.
I need to start thinking about the next tax year and how best to move stock into the BED account for 2022 and beyond.
I will of course keep an eye on tax implications as I go to minimize losses.
One strategy I am considering is selling after the dividend is declared and on the lead into the ex-dividend date from the BED account, transferring funds into the ISA and buying back the stock post ex-dividend date. I am just not sure how the timing works and if it would be effective.
The problem I have is the time delay, by the time I have sold in the BED, transferred funds to my bank account and moved them into my ISA I am looking at 4 or 5 days and while this delay could work in my favor, my luck suggests it is more likly to work against me.
All things being equal I am transferring the stocks likly to cause the biggest tax liabilities first.
Has anyone done this or can offer any advice or pitfalls to watch out for.
I appreciate that its just advice and any adverse outcome is my responsibility, but it may give me things to consider that I hadn't thought of.
Thanks in advance for anyone who can find the time to reply.
Paul. Mr Market threw a hissy fit on the "bad news"
Like you said an over reaction. Anyone listening will already know to expect mutations at least every 3 months. Now this is being touted as good news as it spreads faster and likely to become the dominate strain and by all accounts is mild. Bye Delta!
Generally its best to ignore the noise and just carry on and use these dips to add something when you can. Remember the mantra "Its time in the market not timing the market. Still some people are lucky and can make it work.
Unlike The Boomtown Rats, I do like Mondays.
Friday my stocks were down a little over £8k, so far they have regained a little over £5k.
Glad I didn't lock in the loss by trying to sell and buy back lower today.
ADM looks to be recovering nicely, as expected Friday was an over reaction to a risk that was largely already built into the SP.
I read today that two cases have now been confirmed in the UK.
It was always going to happen and does not change my sentiment.
The world will keep turning, and savy investors will still make money.
It may be a bit choppy ahead for a while, but now is probably not the time to sell, and for those with available funds, a few well considered buys may be a good move.
I have found a blog by Dr Andrew Page, head of informatics at the Quadram Institute in Norwich, who has written about the Omicron virus .
Its well worth a read.
1 case of Omicron (Botswana Variant) confirmed in Belgium.
Pfizer have stated they are confident that within 100 days they could have a vaccine ready for Omicron.
Early indications are Omicron would be around 4 times as contageous as the current Delta varient.
It has not however been confirmed to what degree, if any the protection offered by the current vaccine would be compromised.
I think a lot of the uncertainty regarding Covid had already been priced into the FTSE (Perhaps not in the US), and Fridays drops were a bit of an over reaction.
This does not in my opinion represent a 'Black Swan'.
ADM is certainly holding up very well so far today.
It looks at the moment as if it is confined to Africa, but it will be a few days before we know if its crossed borders.
ADM is doing better than most today as the market responds to new Covid19 variant in Africa.
I struggled to identify what dividend level to use so ignored the specials and just used the normal rates. Any special will be a bonus. So my calculation is just over 5% from memory I think I used 151p in divis.
The one percent is back! I never thought of myself as someone in the one percent before.
I think a lot of it is the workers liking not to travel in rush hour and hopefully some flexi time although not everyone can escape the desk. Grandma Zoom bombing the meetings might lighten the mood for some!
NoSweat
I believe many companies are embracing working remotely. Since being forced to, they have realised the substantial savings it can provide. Less overheads of course lead to either more profit or increased competitivity.
The downside is that some workers in these circumstances can become isolated and suffer mental health issues. People, despite what some think need human contact as we are in essence social animals.
Some companies have found a compromise, part of the week in the office and part at home, and utilising 'hot desking'. This still reduces overheads and IMHO may continue to grow in popularity.
NoSweat
I believe many companies are embracing working remotely. Since being forced to, they have realised the substantial savings it can provide. Less overheads of course lead to either more profit or increased competitivity.
The downside is that some workers in these circumstances can become isolated and suffer mental health issues. People, despite what some think need human contact as we are in essence social animals.
Some companies have found a compromise, part of the week in the office and part at home, and utilising 'hot desking'. This still reduces overheads and IMHO may continue to grow in popularity.
ADMIRAL have announced closure of offices in Newport, Cardiff and Swansea based on a move towards "hybrid" home-working after the pandemic. The TY ADMIRAL and CAPITAL TOWER offices in the city will remain. This sounds to me like good news for employees and investors.
Gerry557
Indeed, and of course the dividend which is I think around 6% at the moment isn't to be sniffed at.
Thanks Paul, it's over the medium term that I will be looking to mark this. That 1% disappeared pretty quickly but there will be other good days.
Gerry557
I've held ADM for a couple of years now, and its been dependable, and good to me.
Despite the drop in SP if I include dividends I'm still in profit, despite showing red on the SP.
ADM is one of my core stocks that would need a substantial change in the company for me to close my position.
I don't think you will regret holding long term and reinvesting the dividend.
A 1% rise is neither here or there. I suppose its good its not dropped like a stone after buying although I might add more if it did.
Hopefully you will get 5% in divis over the coming months just for holding.
So the question is will those dividends go back in here or somewhere else. I suspect the market will take a turn after Christmas so there might be more top up opportunities ahead
Nice little 1% lift so far today. I just have to see another 0.5% and I'll be back in the black on this one (excluding dividends).