Good morning Zac
Thank you for the response. The workplace pension figures should be suffice thank you. I’ll adjust my dates to correspond. I was just a little worried by my portfolio performance figures.
Again, thanks for taking the time and have a pleasant weekend
Apologies!
Not BWY’s, 17% compounded!
Morning Velo
Do you wish to expand on your post from 14:36 please?
Table 1 (£1,000 invested in each of 3 stocks totalling £3,000 back on the last day of December 2000, right on closing time =
This reads to me like BWY’s compounded 22 year performance to the £?
Am I reading your post incorrectly or are you saying the performance is exactly the same between your ‘top three’ stocks and BWY? That would be remarkable
Have a pleasant weekend
Not bad Strictly?
I’d got it to 13.3% compounded earlier if just in BWY plus 3.7% in trading. Took me a while to covert the dividend pennies to percentages though. Ignore my post over on BWY
Have a good weekend all
Morning Strictly
Hope you’re keeping well. Thought I’d bring this over here!
I would appreciate if you have the time?
I’m interested into delving into this 17% p/a
Do you have BWY dividend payout % readily available so I can collate and better understand the history, re: overall compound split with trading returns if that makes sense?
The dividend history should tell me all I need to know. Interesting!
All the best
Good morning Zac
Hope all is well! I read your performance figures with interest. Mainly, due to my retirement from work, extracting my pension and investing in a drawdown with advice supplied through my ex- employers Rolls Royce.
Do you have performance figures readily available for the last two years please if you don’t mind? That’s when I entered, end of Feb ‘21. This is where the damage has been mainly done to my portfolio although not to much damage I hasten to add. It would be nice to compare if that’s a possibility?
Regards and the best of luck
Morning Velo
Did the exact same thing way back in May or something when looking to get into HB’s
Stockopedia had TW as 8 buys 0 hold and 0 sell. SP back then was TW 1.27 and Bdev 4.95. Back then for what it’s worth……
TW 98 Bdev 96 BWY 72 PSN 99
90 88 77 84
64 41 62 53
97 90 83 93
I believe Rio Tinto’s capital discipline will continue, the balance sheet will remain sound, and distributions to shareholders will remain generous (although the current 12.65% yield will drop), even if metals prices like iron ore weaken.
However, aluminum is a different story than copper or nickel, which is already banned by the LME.
Russia contributes around 8% of global aluminum supply, and also exports lots of its precursor materials, bauxite and alumina. In the past, Russia had supplied up to three-quarters of LME aluminum warehouse stocks, so a full ban on its metals would certainly cut the metal available on the exchange.
Of course, the LME is hoping the White House acts, taking the decision out of its hands. But whichever entity takes action first, it will be good news for one company whose CEO recently said Russian aluminum should be banned.
Rio Tinto
That company is Rio Tinto Group (RIO), which is the only major mining company in the world that has a significant aluminum division. In fact, aluminum was its second-highest earner in terms of underlying cash profits in the first half of 2022, only behind iron ore and ahead of copper. A ban on Russian aluminum would boost Rio Tinto even further, thanks to its major aluminum operations in Canada. (The company bought Canada’s aluminum giant Alcan back in 2007.)
Of course, there is a lot more to Rio Tinto than aluminum. I like the fact that the company is also investing with a focus on the longer-term. On October 11, Rio Tinto announced that it will modernize its Sorel-Tracy site in Quebec to bolster the supply of minerals controlled by China, while reducing emissions at the site by introducing a new smeltering technology.
The company will start producing titanium metal and quadruple its scandium oxide output to 12 tons annually at the site. These materials are essential to aerospace, medical products, and fuel cells. Currently, China produces three-quarters of finished titanium products and 61% of scandium globally.
In addition, Rio Tinto has bid to take full ownership of Canadian miner Turquoise Hill (TRQ) for $3.3 billion, which would give it greater control over the vast Oyu Tolgoi copper mine in Mongolia. Turquoise Hill holds 66% of the Oyu Tolgoi project, one of the world’s largest known copper and gold deposits, located in the Gobi desert. The Mongolian government owns the remaining stake.
And don’t forget that Rio Tinto has a large portfolio of long-lived assets with low operating costs, meaning it is one of few miners that will remain profitable through the commodity cycle. Plus, most of its revenues come from operations located in the relatively safe havens of Australia and North America.
Rio Tinto’s balance sheet is sound, and I expect the company to run a relatively conservative balance sheet for the foreseeable future. I love the management’s focus over recent years on returning excess cash to its shareholders. In July, Rio Tinto management said it would pay a semi-annual dividend of $4.3 billion ($2.67 per ADR), or 50% of underlying earnings. That was the second-highest half-year payout on record, in line with the company’s dividend policy.
Cannot copy the link but……
One of my favorite places to hunt for dividend stocks is among the companies Wall Street is avoiding—and chiefly among these, at the moment, are materials stocks. Wall Street is fearful a deep recession will hurt demand for materials, especially industrial metals, so it keeps selling off these companies’ stocks.
Meanwhile, Wall Street is also totally ignoring reports of potentially massive shortages of industrial metals, recession or not. The news—as with so much financial news lately—comes out of the U.K.
That creates a nice opportunity for us…
Russian Metal Ban
We’re all familiar by now with the fact that Russian energy exports have been put on a blacklist, resulting in higher oil and natural gas prices.
But now, the London Metal Exchange (LME)—the world’s largest market in standarized forward contracts, futures contracts, and options on base metals—is facing pressure from many traders to stop accepting Russian metal. The fear is that LME warehouses will become a stockpile for unwanted material, distorting global prices for commodities like aluminum and copper.
The LME plays a critical role in the daily functioning of the global industrial metals market, supplying metals when there is a shortage or taking metals into its warehouses when there is an oversupply.
The Financial Times reports that metals consumers are now saying to the LME: “Your contract is not fit for us at the moment, we are self-sanctioning Russian material, we don’t want to dip into the LME warrant pool and pull out a warrant for Russian material.”
If the LME continues to accept unwanted Russian material into its warehouses while many of its users shun it, there could be an oversupply of unwanted base metals. The effect would be that LME prices would reflect the glut of cheap, unwanted Russian metal it holds and not the everyday price charged in real-life deals that happen directly between producers and consumers.
Many private deals already include a premium on the price for transactions that do not include metal supplied from Russia. For example, Chile’s Codelco—the world’s top copper producer—is selling its metal for $235 per ton above the LME benchmark three-month contract.
If this mismatch continues, it will undermine the LME’s role as a marketplace that sets a fair and accurate global market price for industrial metals.
In addition to the LME, the Biden administration is also considering whether to target Russian aluminum through a U.S. ban, raising tariffs, or putting sanctions on Rusal, the largest Russian producer of aluminum.
Any U.S. sanction on Russian exports of aluminum (used in aircraft, weapons, vehicles, cans, etc.) would have far-reaching implications for global metals trading and also be inflationary.
Aluminum’s Time to Shine?
If there is no ban, but “self-sanctioning” becomes more widespread in 2023, we could see prices for Russian metals fall and the LME warehouse stockpiles keep rising, as it is the marke
Cheers Casa
And a big thank you for the input over on LGen a month or so ago. Invaluable!
Just had a look at TW’s update. Those figures do not look to impressive to me?
Strictly,
Thanks for and taking the time to reply.
Appreciate that. I shall be dipping my other toe in over there and indeed here. Just looking for the appropriate time. Wherever that might be?
Enjoy your evening
Tim!
Hi,
Did anyone question the full year unit totals. I can’t get to 14k myself?
Regards
Afternoon Casa
Thanks. It’s been a while! Hope your well
Had a bit of a look myself. I still think it’ll be about £1.10 for the full year. That’s with the 275m put aside. Presuming they don’t drift to far from the existing strategy?
Afternoon Strictly
I was just pondering? Will you still be 80/20 or will you revert to 100% back here
I have had a look at the figures from today and I do think PSN are being ambitious with their total unit sales for the year although I still expect a dividend of around £1.10 even with the additional £275m put aside. That’s if they do not stray to far away from past strategies. I’d be interested in your take on things if you have the time?
Regards
Strictly,
That would make for an interesting read!
I meant more the strategy as to actual figures
I must say, I’ve been waving the hat around lately and throwing up in the air on Friday. Long May it continue….. hopefully!
Have a healthy and hopefully prosperous week
Regards
Morning Mr Bricks and Mr Watcher
That’s what I’m waiting for predominately before dipping further.
Strictly, I do not see why they wouldn’t re- iterate this which I posted a few weeks ago?
As indicated at the release of Persimmon's final results on 3 March 2021, the Board intends to continue this pre-Covid profile of capital return payments in 2022, being distributions in relation to the financial year ending 31 December 2021. The payment of the regular annual distribution of capital of 125p per share will be paid in early July 2022 and any surplus capital in relation to the financial year ended 31 December 2021 will be paid in late March/early April 2022. The value of the surplus capital return, as always, will be subject to continual assessment by the Board in line with the Group's strategy
Morning Wiscos
Hope your well? I see you’ve been here a while longer than I
Was the dividend not mentioned before March on previous updates? Had a flick through previous updates but did not see unless I missed it?
Hope you have a good week!
Exactly Wolf
Not just the mining sector but businesses that generate a large portion of their income from Asia
Prudential in the insurance sector
hsbA in the banking and so on. Must admit, did look at Prudential when they dipped below £8 but the dividend went against my strategy.
Morning Fromage, not my only share and not my only sector. It did cross my mind once £51.05 was reached but then what to do? I think I’ll stay on the ride for a while longer yet. May not be as exciting but hopefully still fun.
Up and down on the merry go round hey
Have a happy and healthy weekend