Member Info for CSDI1962

Dibs

I've had dividends cancelled on several occasions over my 18 years of investing.
Dividends are always subject to cashflow, where events can change after the divdend was approved.
Of course it is bad for the reputation of the company and often is the sign of far bigger problems.
I remember Northern Rock where the plug was pulled on the due payment date, never mind the ex div date like Evraz yesterday.

I believe the only exception is for "preference shares".

It is one of the risks of investing.

Cheers - CSDI

Hi Robleo et al

My thoughts for what they are worth.

1. Stick with the big FTSE100 shares - they tend to hold value in distressed times better than small caps - but tend to be mature companies without the growth you would expect from a small co or start-up.
2. When looking at divis, make sure the yield is affordable and well covered by cash & profits.
3. I have a divi re-investment set up for my shares in an ISA - so no tax to pay on the divis at all.
4. I have recently bought LLOY & PSN for their divis.
5. I have taken a very small punt on POLY - which could turn out to be worth zero or 5-10 bagger.

You know how bad I am with this investing lark, so best advice is normally to the opposite of what I do.
GLA

Cheers - CSDI (Crap Share Dealing Ideas)

Ex div date is 5th May, so still plenty of time before cut-off.

Sharebel - you are correct that I can't take it private LOL.

But if the majority contolling/shareholder party (ies) think it is best to go private - they will.
What happened to Morrisons Supermarkets ?

At the moment ICT Group own about 24%, with 72% owned by IIs & PIs.
Question is who will own the majority if the mass of IIs offload due to political pressure ?

I am not trying to scaremonger, as hoping to make a nice little earner myself.

Stocks can be suspended for many reasons - particularly market manipulation.

As for delisting - that could happen if the majority owners (and controlling directors) decide to take it private (to Moscow ?).
The current situation where the UK is trying to impose sanctions vs Russia could lead to any sort of government intervention.

Sanctions would cause great financial hardship (even though Russian institutions buys most of POLY's gold).
All just remote possibilities.

I'm invested here on the understanding that I could lose all, but hoping a positive (profitable) outcome.
It's all about risk/reward and we are in a situation where we have no control of the outcome due to the "war on Ukraine".

GLA

Re Delisting or suspension
I believe a suspension would not be a bad thing as it would remove all volatility until a resumption is announced.

A delisting from the LSE would take us into the unknown.
My previous experience was not at all bad - when miner Vedanta was taken out of the FTSE100 about 3-4 years ago.
A similar outcome here where it is removed from London should mean PIs are given time to sell or transfer to a foreign exchange (such as Moscow).

Fingers crossed.

My investment here is tiny - approx £1000 - at average cost 191p, so sitting on a paper loss of 52% to date.
Cannot believe I bought some at about 10am today for 182p after an early rise, only to see it tank all day.
As the saying goes, only invest what you can afford to lose.

GLA

Cheers - CSDI (Crap Share Dealing Ideas)

Hi Leem1

This is nothing compared to the financial crash in 2008.
I frist bought LLOY in May 2007 for about £5.50 per share.
After dilutions, right issues and consolidations, those shares are worth less than 5p now, despite the current SP being approx 43p !!
All fun and games ....

BTW, CSDI = Crap Share Dealing Ideas LOL

My experience over 18 years says dividends can be cancelled at any time.
I remember Northern Rock going under, after ex div date but before payment date (may be it was in 2008)

Divis are never secure until they are in your bank.

GLA

I've been buying and selling shares since 2004.

Whenever there is market volatility (Financial crash 2008, Brexit 2016, Covid 2020) it is very difficult to get trades through as a PI. If you are an II then you have direct access and get fed quicker.

I am with AJ Bell (recently opened S&S ISA) and it's hit and miss, but have bought a couple of tiny batches in the last 4 trading days. Can't always qet a quote though, so patience needed

GLA

Hi Sidi

Just thought I would pop in and say hello.
Looks like you've had a good run with this share - a nice HY one.
Hope you are doing well with all your p/f
Take care, have a merry xmas and a prosperous new year

ATB - CSDI

Hi Robleo, Dan, Mikey and all
Just to wish you all a merry xmas and a prosperous new year.
I've been out of the stock market for over 6 months and not really missed it.
My pension has been drawn down to pay off debts with average interest rate of 5% p.a, and I still have a little bit left.
I have one position in Funds with Vanguard FTSE 100, which I started in June and added bits in July, August and september.
I am hoping for a year end rally to get to around 7500 and that is my target for selling.

I notice VOD SP has continued to disappoint during 2021, and I am grateful I closed my position many months ago.
It is difficult to see VOD making much progress, and I would think there are better opportunities out there for those prepared to think outside the VOD box.

GLA - Cheers - CSDI

Hi S-i-d-i
No chance of gloating with my track record mate.
As prev mentioned just biding my time to withdraw funds from the SIPP as tax efficiently as possible.
Always going to have to pay BR tax, so will spread out to avoid HR tax.
Hopefully for VODers there is a chance to make some profits from this level.
IMO the best method was used by Patient - looking for small and regular profits on several trading batches.
So many FTSE100 goliaths have failed to deliver long term gains, so it is better to aim for small and often profits. That way your capital is not tied up in one long term holding.
Even BT which has doubled in the last year or so, is a long way down from 20 yrs ago.
When I sold all my shares a few weeks ago, many of the holdings were below what I had paid.
The divis can help make up sometimes, and VODs yield of over 6% is not be sniffed at, while at current levels.

GLA - CSDI

PS. Time to watch some more footy now

Hello Amigos

Well well well - same old same old ... story with VOD.
Where's the (Patient) trader these days ?

GLA - you need the patience of a Saint if you are a LTH

Cheers - CSDI

Hi Throne
Firstly to explain that me & Mrs CSDI decided it would be better long-term to sell all of my small SIPP and use it to pay down debt as we are not getting any younger and still have a few years to go on our mortgage etc.
I did get some compo in form of free trade commissions plus refund of quartely servcie fee, which was very fair considering the amount of divis was only a few hundred quid.
The pairs idea is simply to pick the underperformer at an appropriate time, on the basis that is likely to gain more in the future given all other things remain constant. For example if BATS has fallen 20% over 12 mths and IMB fallen 10% over the same time, then the odds are that BATS would recover more in the next period. P/E ratios have to be looked at closely as these can be different when looking at say Hargreaves Landsdown vs Stocktrade vs LSE.
Sometimes the ex div dates can be good time to sell and move to the other one in the pair (with IMB & BATS having few weeks apart).
These are just ideas for research.
Many experienced investors would say to keep things simple and leave alone as trading too much simply enriches the stock-brokers with their fees/commissions. Each to their own.
Good luck - cheers - CSDI

Hi Guys
I see you have already received a fresh application to join the Amigos from Gary - so welcome to him.
I will assume an honorary position to keep eye on all matters.
I am very disappointed the SP has not reacted more favourably to my selling up.
Maybe the MMs have not yet been notified that CSDI sold last Friday !
GLA
Have an enjoyable BH weekend
Cheers - CSDI

Hi Sidi et al,
Although no longer holding any shares at all, I see that the usual ex-divi games have been replayed.
A drop of 60p for a 21p divi is typical of what happens with IMB over the last couple of years.
It may be worth looking at IMB vs BATS as I have previously moved between these, and occasionally held both at the same time. With the divis being approx 6 weeks apart you have time to move from one to the other if you like the idea.
One of my ideas has been to compare shares in a sector, and select the recent underperformer ,all other things being equal.
So I would put BP and RDSB in this bracket, with BATS and IMB as another pair, AV with LGEN etc.
I would think IMB still has some way to go as trades on a very low P/E with a high yield divi which appears to be reasonablt well covered following the 2020 rebasing, at 1/3 below previous levels.
GLA
Cheers - CSDI

Hi All

Just to let you know that VOD SP should now recover, following my decision to stop trading.
Mr & Mrs CSDI decided over the weekend that it would be in our best long term interests for the funds to be used to pay down existing debts. Accordingly the whole SIPP p/f has now been sold and arrangements put in place to withdraw the entire balance.

Just wanted to wish you all the very best of success and luck with your investments - especially to the group of Amigos.

So it is time for me to say good bye.
Take care, keep safe and GLA.

Cheers - CSDI

Just thought I would canvas opinions before strking fear into all VOD holders.

I have fresh funds to buy some more shares if SP drops below 124.

For a small fee I would consider buying another share to save you all from losing your shirts ....

Cheers - CSDI

But have you accounted for the apocalyptic option involving HWSBK as CSDI if he decides to top up.
It's only taken a week for him to knock the SP down 12% with his first purchase.
Now he's got some more funds available following a sale of TSCO shares today.
Looking towards 122p, but wondering if that will hold as support.
What do you think guys - should we allow him with the CSD CURSE to buy some more ?

GLA and this will be needed if he goes ahead

Cheers - CSDI

Hi again solo,
Yes spot on again. you can buy first thing in the morning ex divi, i.e without entitlement.
Not trying to teach granny to suck eggs, but just make sure the offer price is not "bumped up" on opening as the MMs know how to make a few extra quid for themselves.
GL