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CSD - It's been a dreadful decade for HY/Value shares, but the tide seems to be turning strongly here - I predict a great couple of years for these stocks (eg REITs like this, and UK financials). Hence, I wouldn't run away too quickly!!
Hi Adv,
not sure if you're having a go at me, bit I can promise I have nothing to brag about.
I call myself CSDI (Crap Share Dealing Ideas) with good reason.
historically I've always pursued dividends, following idea like the Midas Dogs of the FTSE scheme, and Stephen Bland's High Yield philosophy, but found that I have ended up with too many shares at high prices that never seem to recover, as you say elsewhere, that the SP drop is far greater than the divi income.
After years of getting nowhere and being constantly in the red, decided at start of this year to try some shorter-term trading.
My SIPP p/f is now roughly 50% in HY shares (long term hold) and 40% in trading batches and 10% in "fun/punt/gamble" shares.
Last year's market drop with Covid was hard to stomach, but nowehere near as bad as my first SIPP experience and the financial crash of 2007/08, where my p/f was decimated by 2/3. Luckily I got most of it back after about 10 yrs when clsoing the account in 2017.
I have a habit of starting investing at the wrong time as my first SIPP started in May 2007 just before the crash.
My 2nd SIPP started in Jan 2018 and did well for 1st six months or so, but fell with the market decline from July 2018 to date. Currently I have net loss of about 2.5% in 40 months, compared to FTSE100 loss of 9% over same period.
Very poor performance and hence my nickname CSDI.
Hopefully you've had more success than me.
One of the reasons I right about my trades/investments is so that others can learn from my mistakes, and most people feel better when they know someone else is in similar or worse position.
Cheers for now - CSDI
Sounds like he's bragging again to me. Nothing learned !
Hey I'm joking - we are all clowns when it comes trading. Except one guy on another board who uses a clowns name and takes himself seriously.
Fair enough CSDI.
Stock went XD 2p today, hence the fall.
HI Matt
Yepp - you are spot on there - I've thrown away a few quid. Should have just stayed invested - tried to be clever and was wrong.
But compensated for a trade with POLY. Sold on Thursday also (@ 1637), but bought back in @ 1567.
Got myself 3% more shares after commission, with the same money, to add to the 9% profit made in 4 weeks.
Today i've sold NCYT @ 565p and bought back @ 503p, so got an extra 9% shares there as well.
Sometimes I reinvest all proceeds from a sale and sometimes just buy same number of shares and keep some profit for another trade or investment.
I have a mix of LTH - about 50% of my p/f in high yield shares.
With about 40% in trading shares - which normally can take bw 1 day and 3 months to complete.
I have about 10% for punts, currently in NCYT (5%); and 88E (4%) which was down 35% until two days ago - my worst current holding.
You win some, you lose some. hindsight is always right.
Cheers - CSDI
Please don't worry about making me happy CSD, like you say, we all do our own thing. I have experimented with trading quarterly divi payers, and the result is always the same - you can double your dividends, but always end up losing almost the exact same amount as you make. ie - make £5000 dividends in a quarter, and lose £5000 trading, when you could have been happy with £2500 dividends.
One only has to glance at these boards to see the increase in the number of "oil men" and "gold prospectors" playing the quarterlies. Trouble is, they are never satisfied enough to play by themselves, they have to try and encourage the gullible and brag about what they do - mostly by talking down companies they aren't invested in, so they can get back in cheap.
But yes, I do dabble a bit - recently took massive profits on Jarvis, BR Energy, and BR World Metals - but I know that I will never attain the yields I was on.
So after stamp duty and commissions you've basically lost money. You're a MM's dream.!
Hi Adv - wanted to make you happy, so bought back in again at lunch time.
Paid 93.6p per share, but only 90% of what was sold last week.
Will see how it reacts to going ex-div, before deciding whther to hold long term or trade short term.
The 2p per qtr divi is very high and not covered by earnings for last quarter.
It wil be hard to maintain 8p p.a divi if earnings do not cover.
Hopefully we will see further investments in due course which will grow NAV and EPS, but there may be rocky road ahead with businesses still suffering from Covid effects, after govt support is withdrawn.
As a small hedge I have recently invested 6% of my p/f into Insolvency specialist BEG.
Will be interesting to see how this REIT performs compared to others like SUPR.
Both have performed superbly in last 3 mths, so I sold both last week, already reinvested here to catch the next divi, but not yet with SUPR, although have bought a trading batch of TSCO, investing same amount (6% of p/f).
GLA - CSDI
Hi Adv,
Having seen so many shares drop by mulitiples of their divis, it seems a reasonable opportunity to make a profit in some cases.
Having been a LTH of my shares historically, they rarely go up in straight line.
So far this year I have increased my profits by trading divis with BATS, GSK & IMB, while still holding those.
If I can afford to hold two batches - one for LTH/income and one for trading - then this is what I prefer.
Each to their own ... and we are investing for one reason only - to make profits if we can.
AEWU has had a great run over the last month, so thought I would give it a go.
It has already dropped over 1p, so another 1p fall would be more than enough to cover costs of SD and comms.
Cheers & GL - CSDI
Sad day when traders started playing quarterly divi shares. Be a long time before you get back in at the price you were. Warehouse is really expensive ATM.
Hi folks,
Decided to take a short-term profit by selling on Thursday at 94.1p. Made a return of approx 13% in just one month.
If we get a drop before ex div on Thursday, I would be tempted straight back in, otherwise wait until after ex-div to see if the drop is greater than the 2p divi.
The SP has climbed very rapidly over the last few weeks, so good chance of small pullback to allow re-purchase.
As a long term investment, this looks like a sound choice as part of my SIPP p/f.
I have also just sold SUPR for a smaller short-term profit, and would like a chance to re-purchase there too.
As a 3rd choice I am looking at WHR, and would be happy to hold any 2 of these 3 to a max of 10-12% of p/f.
GLA - cheers - CSDI
Today's announcement is excellent news and should have a positive effect on the whole sector. I believe one of the rogue tenants is Cineworld, will have to do some digging and boycott these companies in the future. After all -
A spokesperson from AEW UK Investment Management Limited said: “It’s our responsibility to our investors to ensure that we pursue unpaid rents on their behalf, where possible.
"When tenants withhold their rent in this way it is our investors who are ultimately losing out, most of these are pension funds – ordinary people saving for their retirement.”
Cineworld declined to comment.
Good news reported today by AEW. Successful outcome of court case to recover rent arrears. Full details on RNS.
Concerning that Blackpool and Glasgow issues wont be resolved until 2022, also the provision for doubtful debts all factors driving the divi cover down to 55%. Hope to see some improvement next quarter when hopefully new investments are taken on board.
"As at 31 March 2021, the Company had a cash balance of £17.45 million and has £15.53 million of its loan facility available to draw up to the maximum 35% Loan to NAV at drawdown. "
Income earned for the period : 2.30p per share
Expenses and net finance costs for the period : (1.20)p
Interim dividend paid : (2.00)
Loss for the quarter due to covering the 2p dividend = 0.90p, or £1.42m
So in answer to "How much left in the tank ?"
Plenty.
Happy with this. Just bought during the last quarter so this is my first dividend.
Update today on RNS.
I cannot see any comment on company website re March update and divi.
Last yr was published on 20th April.
Anyone know when we can expect update from Company ?
Last RNS implies another 2p per qtr divi, making it 8p p.a.
SP been on a good run lately - how much left in the tank ?
Thanks - CSDI
Welcome to the geriatric's club.
I am very pleased with the SP progress having only bought 2-3 weeks ago.
It;s unusual for me to see any share move up after any recent purchase.
It seems a few REITs are making good progress at the moment, presumably on the back of confidence from the Economy Re-opening potential. I've got SUPR with AEWU and might even add WHR which seems to be going great guns too.
The divi here is much higher than SUPR and WHR, but which one has the best total return potential ?
GLA - CSDI
Yielding 8.5%, 12% discount to NAV, and a very resilient portfolio, proven through its performance during a major pandemic. Still a strong buy for me.
As a geriatric (as someone on the BP discussion called people who have had their first jab) who has been here since August 2017, I have been delighted with my investment in AEWU, and it's previously sister company AIRE. I've brought my average down from 103p to the current 81p, and received over £800 dividends so far.
AIRE has had a few problems, not getting enough cash in the IPO mainly and a bit of rebellion from major investors, but it's all taken account of in the price. Hoping to top up both companies in the new financial year.
I’ll join in too. hopefully we’re not breaching lockdown rules. I’ve just bought for my ISA. I came across this while researching Circle and it looked a better bet. I may still buy Circle but it’s up 8p today on a recommend - bah. Unfortunately, I too suffer from CSDI so DYOR. Let’s hope we’re all congratulating ourselves in a year’s time if we’re still alive.
Make that 4, I’ve had this in my isa for a few months now
Wow - this is a popular board with 2 messages so far this year !
So let's start a party as there is 3 of us now LOL.
I've put this in my SIPP today (only very small scheme) as part of my high yield side of the p/f, with 6% of my funds @ 82p.
The SP has traded above 70p for the last 9 months, and was in steady range of 90p-£1 before covid.
The baord seem confident of paying 8p p.a as a divi which puts this on a mssive 9.8% yield if it can be sustained.
According to the Jan RNS there was a NAV of 95p, so is offering a 14% discount on that basis too.
While Real Estate linked to Retail must be nervous, the bias here towards warehousing would seem to offer a safer exposure to the sector. I have a similar weighting with SUPR, which focuses purely on the "big supermarkets" REIT, and yields about 5.5%, to give me a total weighting of 12-13% of p/f in Real Estate.
Judging by the high dividend there must be a fairly high risk here, but the alternative use of the properties gives us some security (fingers crossed).
I must warn all S/Hs here that this share now may be subject to the CSDI curse - which causes any SP to fall like a stone when I purchase and fly to the sky when I sell.
GLA - CSDI (Crap Share Dealing Ideas)
I am trying a small investment into this within my ISA.
What are people's view on this REIT?I took some profit on RDSB today (up +45%) and with the proceeds bought today AEWU for the 9.75% dividend yield, discount to NAV, low beta and low rate of non payments rent.