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this is a descent rally 272p
Ps If you click on the icon at the top of this page "short position" you will see it is a tiny .7% and has not changed for 3 months. So no need to vent your spleen as far as this company is concerned
All pension companies short as an insurance. Shorting can speed the demise of an ailing company but can do no harm to a strong counter. It has after all been a basic tool in money management snice time immemorial. The yield is very attractive here.
i had to top up this morning so everything is ok.
As with numerous fund manager holdings, the play here is whether you believe post-Brexit/trade war (if it ever arrives) that there are hordes of people who have been holding back funds that will then pour their cash into the likes of SLA. You'd expect that then to have a positive effect but whilst the geo-political situation is so uncertain, I wouldn't expect there to be any great movement but it will hopefully not drop further for now.
The holdings in India and Phoenix are worth about 5bn, so the asset management company is worth diddly squat at the moment.....
Well, the stock market is now a play ground for shorters , the clever money is made by this so called lawful trading way
But it should be banned as it undermines. valuation of solid companies such as SLA etc
The drop from north of 3 pounds to today’s price even given the ex-Dividend date is not justified and the shares are oversold
The company just announced sale over 3% stake in some insurance company in India which yielded in something north of 320 million with the rest valued at over 2 billion so that is how solid their investments are
This is a good time to load up if anyone is looking for both growth and excellent dividend
Hi dcgc
Thanks
Yes ,Dividend 7.3p
Has SL gone XD to day anybody no
Yes, I too am a little mystified about the drift south, particularly given the Dividend and the Yield nudging north. But I am not unduly concerned. It is getting close to the level when I last bought a wodge back in February. I don't believe the drift has anything directly to do with manipulation but probably more to do with the global economic slowdown, Donald Trump's Trade "War" with China and the uncertainties surrounding Brexit.
Another 7.3p of in 2days time these could be on the way to under £2 going down every day since results
Lambcurry13
Yes, dividend payments are included in individual share performance.
Volcano I agree 250p a good entry point were I purchased some more today to add to my long term holding.
Zac that's a good return on your funds...have you included the dividend payments on your shares.
Hi Zac
Thanks for sharing that. It makes interesting reading. I did have some money in lindsell funds and made decent returns a couple of years ago. So will need to look into that again.
Hopefully your individual shares will pick up - they are all companies where i would have bought into (i held bt shares and sold out and considered putting proceeds into Vodafone!).
Fund managers do have the benefit of large research teams
Hi farhantahir
Yes, the Woodford situation is not good and has had a knock on effect for some of the individual holdings within the suspended fund.
Having said that here's a comparison below as to the overall return (capital & dividend) over the last 12months of 5 funds I hold and 5 individual, dividend paying, shares I own.
Funds
Fundsmith +15%
Lindsell Train Global / UK equity +16% / +12%
L&G Global Health / Int Index +8% / +7%
Shares
L&G -2%
BP -7%
Taylor Wimpey -3%
Vodafone -9%
SLA -15%
Now you could argue that my stock picking is appalling (you'd probably be right!!!!) however it's clear to me that the funds I invest in have produced a far greater return over the last 12months and seem less volatile when compared to some of my individually held shares.
i think 250p is not a bad entry
Hi Zac
Thank you for that. I did have some money in funds (getting burned by Woodford!) And will be looking at how this saga develops to see if its something I can handle.
Yeah I'm wary of dividend cuts - especially in a down turn market. But I'm happy with a yield of 6% at the moment as over time it should grown. I'm looking to have atleast 3 (Or potentially 4) income streams though. Will consider your advice though :) (just making my plans at the moment (or over the next 7 months!)
Have held these for yonks as a chunky part of my income p/f and no complaints on that side of things but the drop in a week of nearly 20% seems overdone imo so once again I’ve been adding too and expect a slow climb back to what was in my case ‘in profit’ with a 3 in front. I never sold any when they hit the threes and doubt I will next time either. GLA
I have a core holding and have been adding on weakness .....I think it's a good long term hold and great dividend.
zac0-4 What are the yields on the managed funds as sounds a good way to diversify and still hold some shares.
farhantahir
I'd be very wary of simply chasing dividends. I make this statement from personal experience! I have an overall portfolio (I'm retired and have been investing for many, many years) split between single shares and oeics (funds). The funds, over the long term, have caused me less headaches than the individual company shares.
I'm now in the process of moving from individual shares into managed funds and simply selling units on a quarterly basis to provide income. Fundsmith, Lindsell Train Global / UK equity, Evenlode Income / Global Income, L&G International Index have simply outperformd most of my individual holdings over the long term and seem to be much less volatile. I thought I was safe (for example) in Vodafone!!