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Agree with all of this to some extent, but in line with most rental contracts in the UK, we should expect that AEW is getting RPI linked rental cash flows. On this basis, we should expect RPI linked dividends. It makes a huge difference to how a REIT is valued whether the divi is fixed, versus whether it's inflation-linked!
Yeah, they have said that there is no intention to increase the divi as the yields required from the leases to make this possible would require taking on too much risk. Personally speaking, I agree with hem as it's already a very high divi yield and I'd rather they focused on getting as close to 100% divi cover as possible. NAV boost was a pleasant surprise, everything else in the RNS was as expected I think. Added some first thing this morning.
The divi is well short of being covered just now which I think is largely down to the portfolio repositioning and having a large cash balance just now. So I'd say there is ZERO chance of the divi being increased for quite some time. I'm more concerned about them cutting it rather than musing about increases but thankfully they seem happy to pay the shortfall out of capital until the EPRA recovers.
Good increase in NAV by all accounts. I do wonder when they might start to actually increase the dividend (though note the 7% yield remains extremely attractive!)
iWeb only just paid the dividend today. They are normally 1 day late but for REIT they can be 2, ,3 or 4 days late. Very random and annoying.
Barclays paid mine on 31st.
I have not received yet the 31 august 2021 divi from iweb.
Anyone has the same issue?
This is 10.5 per share. "The combined rental income of the two properties is £1,177,087 pa", so we'll miss out on earnings of 0.74p a year. No doubt they have something up their sleeve as a plan for the use of this money.
The only problem I have with my investment here, is that I did not invest more.
If I decide to trade what looks like the 3 month dip between dividends, then I will increase next time.
Back to 99/100p, and divi imminent. Like a clock...
Good to see when I've had several % knocked off many shares last two days.
My first year investing in funds/trusts and I'm finding them more and more attractive.
The main culprit was Cineworld, anyone know who the other was ?
Could understand it if they were still owned by private equity groups, although they seem to change hands regularly, so who knows ? Seem to not have many scruples.
https://en.wikipedia.org/wiki/Cineworld
£1.2m as well - not insignificant for a company that is only valued at £150m, who pays out £12m a year on dividends.
Hi Adv11
Great news indeed. It's amazing how these big companies think it's OK to contest rent, one of the basic contracted costs.
Another dividend declaration in 5/6 weeks.
If there is a good run up to near 100p or over I may trade as I did before, or just hold through, depending on market conditions/if I'm on holiday etc etc...
Nothing worse than companies or people who can pay but won't pay. Well done AEWU.
Hi @GL, missed your post. Yes, the amount of people now trading quarter dividend payers is rapidly increasing. It didn't use to happen so much because it's a merry-go-round of Month 1 - dividend announcement, Month 2 - ex-dividend, Month 3- payment. And then you are back to the beginning.
I tried doing more trading for two complete quarters, both both times I lost exactly the same amount as I gained in dividends. But it is possible. I took my losses on NRR last week because it no longer pays quarterly, and used some of that cash to double up on AIF for today's ex-dividend. Selling AIF today (because it is cutting dividends and changing it's focus) has regained half my NRR losses, and doing the same with EDIN in two weeks should put me straight again. In EDIN's case, it's the next dividend is the big final year one, and then it is almost 5 months to the next divi, so plenty of time to get out and back in. So you are correct, it can be done, and I should do it more, but of course it can ruin your running yield if you pay more to get back in than you were initially in. Good job I like playing with spreadsheets.
Common problem @Jebedee - all that is reported is the size and price of your trade, sites like this (and every other one) just try to work out whether it was a buy or a sell based on the current buy and sell prices. If it shows as a sell, you got a good deal. Yet another anomaly of an antiquated system.
Just topped up, but my trade appears as a sell not a buy, anyone know why this happens?
Hi adv. Increased my holding value this time too.
I can only see that the profit taking has been quite wide after hitting the pre-pandemic levels of the SP.
The yield is too good to miss out on again, If the SP holds up after the summer, I may sell and chase some other portfolio ex-divs due in August/Sept. Cheers GL.
Thanks for letting us know, although tbh, I didn't even know you were out.
I'm back in at 94p, after selling at 98p and collecting the dividend, which will now be reinvested.
The chart looks like it might go lower but the yield is over 8% so happy to sit tight and reinvest the divs.
New retail park, NAV of 95.87 mid January and if the markets stay calm, a couple of months uplift with the run up to the next ex-div, end of July.
Cheers all and GL
Hey Folks,
I am new here. I got this share recommended by someone and since I bought into it (@82p) it's been a great performer for me. At first I was a little skeptical due to its low market cap, however its the div yield that attracted me to it.
At current levels, the div yield is still very much attractive, and I am considering topping up. Therefore I would like to get views of some LTHs who can give me a balanced view of the potential risks etc.
Thanks in advance !
Thanks for your comments CSD. Afraid I missed your post until the latest addition.
I am really happy with my portfolio at the moment. For the first time I have everything covered that I want to be in, so am sitting back for a while. The shares I have sold over the past few months have proved impossible to get back in without paying more, so I am only intending trading BP, Shell, IMB and BATS at the moment. The ones I am still well down on, like NRR, PCA, and BCPT, I have averaged down as far as I dare, so will sit and wait.
I'm not too sure the market is due a big correction atm. Who knows ? Looking at some of the shares I am up on, you would think a fall was imminent, but I hope not.
On the initial Covid fall I found it very beneficial to sell quite a few shares on the way down and reinvest when it looked like the bottom, which had a fantastic effect on my yields. I'm 15 percent up on AEW UK at the moment, so it would be easy to sell and take some profit, but it's also a great yield. Best wishes.
I also sold out at 98p today, it’s been on a very decent run over the last 2 months and now very close to pre Covid levels
Hi Adv
Good luck in your retirement.
My p/f taken a right kicking today.
Not sure if I've done sensible thing but sold here again yesterday after a sudden spike to 98p.
Also sold ASEI today after a nice run - that's a good quarterly divi payer that you may be aware of too.
I've taken a short term punt on an ETF called LUK2, which will work well if FTSE bounces back, but will suffer if we have further falls.
Wish you well with your investments, which you seem to have plenty of.
Not sure if you may be interested in reading about Stpehen Bland's idea of the High yield Portfolio. He has been writing for over 20 yrs on it.
The other high yield idea I read about is Midas Dogs of the FTSE in the Mail on Sunday. I don't think it is a well balanced scheme, but may throw up one or two shares for consideration with the divis.
Certainly not suggesting anything as an investment, more just ideas for consideration.
My HY shares have been trimmed significantly since start of the year and now only include CEY, GSK, IMB and VOD.
I have many others on watchlist, but now more reliant on short term trades with targets of between 3% and 10% profits which are equivalent of dividends. If I can make 5% twice a year, that would be a great result.
The market has been kind to us over the last 6 months or so, but the test will be how to make profit when the market falls again.
Good luck and no worries about differing opinions and views. As you say it is all about making a profit at the end of the day. And it does not matter how we get there.
Cheers - CSDI
Hi CSD. Sorry I missed your reply to me. Sorry for having a go at you. It's every man for himself when it comes to investing, and I generally see these boards as being infested with fakes and con men, so I don't try and make friends on here. I kept seeing your name on most of the shares I am in, and usually you seemed to be bragging about short term gains on quarterly dividends. Of course, it is your right to do whatever you wish. I just don't like seeing people trying to persuade others what is good. Had a spat today with another regular poster who advised me that PCA was going to get taken over. That was two and a half years ago and he is still telling the same story today. Great dividends as well, but fails to mention they have been zero or almost halved over the past year.
Anyway, I was doing ok with dividends until I started talking with a company director on Twitter some years back. Listening to him, and his thousands of followers on these boards cost me an absolute fortune, and I have worked hard to earn that money back. I actually retire today. I have shares in two AIM companies left, and everything else is in 70 quarterly dividend paying companies. I tried trading them for a couple of quarters, but I soon learned that the only way is to get in cheap, top up when needed, and stick with things. The last two quarters have been the best ever - I have sold out of a few companies where the profits totally outweighed the potential dividends, and I do aim to get back in asap. But mainly, I just let the dividends roll in.
I am sure we would get on well in real life, I do wish you and every honest investor all the best.