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What a fantastic job the BOD are doing here
Clear communications
Director buys
Managed expectations
Healthy divi's
I rarely write on BBs where I hold, but this really is a great way to run a company. long may it continue.
That's me in for quite a bit more now.
I wanted to look at this one more thoroughly, and having done so I'm fairly comfortable with investing. Agree with Napalm below. Also I put in a small amount last month as I wanted to test the water on the speed of divi payment via my broker (as I sometimes have the odd issue) but this is absolutely fine.
Just a shame ( for me ) I couldn't get in at last month's price!
LoggyLogbot, or last years price!
Well I have received my first EPIC divi but haven't bought any more as the price rose, then kept on rising. Its doing it again today.
No problems with broker payments generally who do you use that causes you an issue.
True Gerry!
I use a small broker called iDealing - to be fair my biggest issues for late payment have both been with a couple of more obscure overseas stocks so it may be down to those rather than the broker ( who have been generally decent and simple to use over my many years with them! ) so maybe I shouldn't have had anything to fear...
EPIC has gone above 75p now - I'm only really keeping an eye out on SP movement as it's a pretty new investment to me. It's meant to be a long term hold...like you I'll probably only add on cheaper prices, or div% increase based on SP.
LoggyLogbot.
I think I focus on the now too much rather than think where we might be in say 5 years time. Now 75p "seems" expensive even with a 15% discount. Hindsight will probably say you shudda just sucked it up!
Hi Gerry, it's the pyschology side of investing gives me lots of headaches!
I can do the maths many times over but the trouble is, whatever decision one makes can pretty much always be bettered with hindsight... I have started doing more planning now. Although I tend to accumulate shares rather than trade them, there are some instances when I have to make a decision and specifically *planning* to swap share X for share Y when ( if ) share prices fluctuate to certain levels ( obviously taking it that fundementals remain the same ). This makes me at least feel like I have some type of control! Previously I would be a little bit too recactive. Even though the unbeatable hindsight still always wins out, it means I've at least thought through my decisions and can't blame it on impulsiveness!
Hi Loggylogbot. Unfortunately this came across my bows recently and a buy was initiated pretty quickly without too much research. More luck that any special research although I do have others in the same arena so it wasn't totally out of field.
I struggle with the sell side of things, so the income resolves that side for me as I only have to concentrate on more buying from the small "effective" sells that is the dividend. I was hoping this would remain under the radar a little longer but realise that the big seller looks to have sold. Maybe I should be looking at why they sold?
This impulse buy has, at the moment, done well. Maybe I should be more impulsive or look at the person who pointed this out to me a bit more
"I struggle with the sell side of things"
I've seen lots of discussions about the pros and cons of dividends - and one of the pros for me is exactly the above. For me, I prefer to have 'fresh' money to invest even though the company paying me has the burden of a large outlay of cash thus reducing its value / MCap by the amount paid out and dropping the SP. I also don't like selling and having to time a market to get the best price. I prefer a more passive involvement!
Hay Loggy, im with you with the sell off side of things... i used to invest heavily in the UK Newbuild market, timing sell offs in line with the exDiv date and buy backs at a later point... helped me make more than the divi, but it was a lot of work for a bit more gain...
Most the time, the SP would end up back where it was pre exDiv at some point, so probably just made work for myself...
With EPIC i dont think the SP moves as much with the divi pay outs as its monthly rather than once or twice a year...
Hi TimBob - it's always a difficult one to call. All things being equal, one advantage of the sell/buy route is that you get your pseudo 'divi' sooner than having to wait for an actual payout date. However I still tend to just wait it out!
From my limited time watching EPIC, I would agree that it seems fairly unmoved around ex-divi date. 1/12 of the overall % then the movement or impact may be hard to spot amongst the natural day to day trading.