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To generate attractive risk-adjusted returns, principally through income distributions by investing in a diversified portfolio of credit securities.
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Ditto iWeb (paid 03 Nov). You may be the only one still standing at the baggage carousel. Suggest you contact your platform asap - and tell us what happened.
Dividend received 3rd November, Hargreaves Lansdown ISA. Probably not a SMIF problem.
In all my decades of investing, I have never had such a delay with a dividend payment.
I am still waiting for the final SMIF payment to be paid from 2 weeks ago.
Anyone else?
Excellent
Very pleasant đź‘Ť
Nice Final Dividend 1.8699559 pence (0.5p + 1.3699559)
Just bought some more of these, my 4th purchase. Base rates look like they’re going to peak at 5.5% for now so what a steal these are with an 8.5% yield and a decent bonus month to come 👍 The share price should continue drifting upwards likewise……
That's a dividend triple the usual ! Great ))
September 0.5p dividend announcement and looks as though the Total dividend for the year will exceed 7p so nice final bonus of 1p+ in addition to the 0.5p in November 🤞
''if the dividends are secure''
I am very confident that the likes of Nationwide Building Society
Coventry Building Society
and Rothesay Life
etc etc
will not default on their debt obligations.
Hi LTI
The wait could be a long time indeed for gilt yields to lower, however if the dividends are secure here all continues to be well, and as you imply, income investors will not likely care of a rise, but I'll certainly top slice with an SP back in the 90s.
I first bought with a conservative amount knowing that the share price drop that had already started (had been near ÂŁ1 in Aug 2021) may continue with increasing gilt yields etc. That proved to be the case so I made further purchases down to 69p in March. So the amount of down steps determined my investment total amount, which is now reasonable.
Cannot see a reason to sell any until in the 90-100p range which obviously may be a while as it would require gilt yields etc to ease in the future.
Hi LTI, I intend to hold as well, except my strategy is to be initially overweight, then slice that excess weight once a profit target has been reached, the profit in SWIF is from reinvesting dividends or a welcome rise back to the high seventies. The intention is to then hold with a low average, 60s, 50s or the most ideal would be to top slice completely.
I made my first purchase only a year ago followed by several more.
The current price is slightly above my average price . I bought this primarily as a high return (yield of about 9% for me) tax free monthly income generator within an isa.
Any increase in capital value on paper is just a bonus. I would certainly not be thinking about cashing in on a capital increase whilst the market price is still giving a very high percentage income return.
Is most welcome..
Back to 78p ?
It is good to see that one of the directors shares my view on the value of these shares. 26,250 bought today at ÂŁ0.715.
The full year total dividend will not be known until the final is declared in October. However, all indications are that this will be at least 7.0p (near enough 10%).
See Chairperson's Statement from Interim Management Report and Unaudited Condensed Interim Financial Statement for the period from 1 October 2022 to 31 March 2023:
"The dividends declared for the period totalled 3p per share. At present, the possibility of the Company declaring total dividends of at least 7p per share for the current financial year is very likely."
While accepting that there may be some further increases to interest rates which could negatively impact NAV, I believe we are close to the end of this process and the effects are already priced in, in the form of the current discount. This sounds like good value to me; unless I am missing something?
".. unless I am missing something" .. or unless Mr. Market is missing something. I don't know if I have the steel cohones to gamble that the next inflation print will be not quite as horrendous as is now priced in. Still, SMIF.L does look attractive here.
This can be bought for 70.628p now; a discount of 4.9% (based on latest NAV of 74.25p on July 6). It is rare for this to trade at a significant discount. Over the last 12 months it has usually traded at a premium of around 2%. Unless, I am missing something?
I have my holding in my ISA with interactive investor.
From the Chair statement in the Interim Report & Accounts, 13th June:
"At present, the possibility of the Company declaring total dividends of at least 7p per share for the current financial year is very likely."
No probs on Hargreaves Lansdown or iDealing.
Can’t invest in here from Barclays :( why do they not let you own this? What platforms are people using?
I used interactive investor as Iweb wouldn't deal.
I don't know if I could transfer into Iweb if already a holder
I/web (Halifax/Lloyds) banned me from adding some time ago, although I already had a holding. Switched to Jarvis Xo and had no trouble since. Bank owned brokers seem to increasingly be trying to tell people where they can and can't invest.