Member Info for CSDI1962

Really lucky guy - it is not what your post history says going back to Jan.

You bought at 128, 120-something and then doubled up at 115.
Sold out low 120s for a 2.5% gain.

Ceratinly better to buy now than it was, but don't brag about previous trades that your own posts contradict.

GLA - C

By heck Roofer wins again, with yours truly adding another silver medal tothe collection.
Another poor week for the VOD SP, but better for potential buyers.
If I had spare funds this would be a good time to start drip feeding.
Of course it may go lower, but historically, you should see higher SP on the horizon.
For next week I'll stick with all the ones again - 111.1 for me on 16/9 plse
GLA - C

Strictly

If the aim is to create an income, then something like Stephen bland's HYP could be considered.
A non-trade, buy and hold for eternity portfolio, purchasing HY shares with solid background & history, and limited debt where possible.
Based on a 15-20 share p/f of mainly FTSE100 companies selected from 15-20 diferent sectors to give some diversity.
Obv now - you have achieved your desired goal - purely from HB shares, but for someone building (excuse the pun) a p/f from start surely diversity (15 sectors) is better/less risk than 1 sector.
Just something for others to maybe think about if they have the capital to invest over time.
Whatever the option taken there is always risk with investing in shares, so everyone should be prepared fo a bumpy ride at some stage. If it were all that easy everyone would be rich.
Cheers - C

Tim
Big typo there - sorry - fix was taken out 15 yrs ago in 2007 - not 2017.
The 6% penalty remained through the whole 10 yr fix.
Funny I thought I got a good deal in 2007 when most people were paying 6% or more - but it did not turn out that way as the crash took us to new places never seen before in over 300 yrs of interest rates !

Clever me took out a 10 year fix (with a 6% penalty clause) in May 2017 at 5.28%
Needless to say it cost me £000s when the rate dropped to "never seen before" low rates !
It was not worth risking 6% penalty at the time, but Prof Hindsight was not there to tell me it would last 10 years.
Funny enough within 2 mnths of moving onto the variable rate, we had our first increase in interest rates for a decade.
My skill is impeccible LOL
Currently about 5 years left to run on a variable rate 0.95% over base.
6 rises so far this year from base 0.1% to 1.75%, but where wil it end up ?

Cheers - C

Is this the place for next Fridays guestimation ?

I fear a little more downside for VOD before the climb up the wall of worry.
My guess for 9/9 is 111.1

Cheers - C

Close but no cigar. At least the SP had a good day to finish off the week.
Well done Roofer - amazing how you can fix the tournament so you win LOL.
Nearly tempted to buy in here, but decided to keep all my apples in the PSN house pack of tumbling cards.
Have a good weekend all
Cheers - C

Hi Steve

So true there too. We all try to be clever sometimes and when it works in our favour we think we are geniuses, but all too often it's too difficult. Oddly enough I'm hardly a novice now - been investing (badly) on and off since 2004. Never had much funds so that makes it more tricky.
I've had a pretty rough time with the 2007/08 crash leading me to a 2/3 loss of capital on a £17K SIPP after I'd invested mainly in "safe as houses" bank shares. What a disaster that was. Never panicked and slowly sold out at various losses to reinvest elsewhere. When I got to 55 in 2017, had recovered most of the losses and cashed the whole p/f in.
Ideally I would like to invest like Stpehen Bland's HYP philosopy - diversified set of 15-20 shares, picking best yielders from each sector and then holding for eternity. Never going to happen for me, but was aiming to build a £5K investment to try and compound with divi reinvestments. So far spent about £4K on PSN to see it drop down to below £3K. It would help massively if the divi can be retained but it seems unlikely EPS will cover the 235p this year. Time will tell. Now to sit it out for as long as it takes. No idea if it will all turn out fine, or whether I've ended up with another long term shocker like LLOY (which was over 550p in 2007 !!).
Cheers - C

Just to give you all a laugh I've bought my 100 shares back this morning.
49p lower than I sold them yesterday, so the profit can go towards a slap-up Friday night meal for the family.
It will be my favourite Friday treat .... Fish and chips from the local chippy !

According to my ISA account, the average cost is 1696p, but I am treating it as 1950p average.
So back to my original holding of 206 shares, and time to sit it out again.
That target of mine to sell 1/3 at £25 looks like an unlikely possibility now, but who knows where it will be in 1,2, or 5 years.
Cheers & GLA - C

Certainly got some divided opinions on whether we should be buying or not.
But that is what makes a market

Hi Steve

Yes I think you are correct about that.
It is probably too small to mess around with.
If SP drops say 10% I would only gain about 9 shares or 4.5% more than I had.
I am thinking about adding TW or VOD to replace the half of PSN as both have dropped more today than PSN.
I am sure PSN divi will be cut to some extent but it will still be a monster yield.
Looking at the drop in PSN vs TW over the last 6 months, PSN divi 235p ( was 10% of SP then, but now 16% of SP) has contributed to the bigger drop 36% vs TW 26% with only 4p (3% of SP). If I go for TW or VOD there is a divi due before PSN's next one in March.
Cheers - C

Thanks Dev & Krusty

Interesting replies - and pretty much as expected.
You're both content that this is a better time to buy - but my thoughts are the impending recession will hit the SP more.
I was invested in banks in 2007 and decided to hold through the panic. That resulted in roughly 90% loss of capital and still never recovered !
Not saying PSN will drop 90% from my average around 1950p, but the downward pressure on the SP currently is massive. It will come back, but when and after how much more damage ?
I will keep the proceeds to buy back in, and expect it will lower my average when I do buy back.
At the moment it looks more likely to me we head down to £12-£13 before we climb back.
We need a catalyst to change the momentum, but when and where is that coming from ?

Cheers - C

As I am getting more worried about likelihood of things getting worse before they get better, I've decide to cut my holding by 50%. I know it's only miniscule compared to many posters, but I've sold 100 of my 206 shares at a loss of around 25%.
The plan is to buy back lower at a later date so I get a few more shares. Questions are
a) when will be right time to buy again
b) how low will the SP fall, or have we hit the bottom/near bottom already.

It has been depressing watching my shares drop since March when buying at £23+. Prof Hindsight will say should have got out earlier.
Some will say this is the time to buy not sell, while others will say it's time to stay out.
Well I've edged my bets 50/50 and will wait and see what happens from here.

GLA - CSDI (Crap Share Dealing Ideas :)

I demand a re-count !

Fred confirm his prediction was 169.69, so that makes Roofer thw inner again.
Must be a fix LOL, when posters set up a competition and then win it straight away.

So what do the stars say for this Friday ... my guess is 112.08 - sorry to be so pessimistic this week.
Give it time and it'll be back up again - just I like I say to Mrs C
Cheers - C

For me it's all about earnings and cash.
PSN seems to be top in class in these departments.
No debt, and with cash in hand - how many FTSE100 companies are in this position ? May be 5% or 10% at most.
Mr Market has all sorts of tantrums - from great giveaways to crazy values.
At the moment this is in "giveaway" territory, but does not mean it cannot fall lower - any maybe even a lot lower if all the pessimists have their way.
So I am happy to take a risk and keep buying little by little. From tiny acorns do giants grow .... ?

Strictlybricks has his own way of assessing the HBs, and from all accounts is very successful.
Certainly an intersting way to value them and it works for him, and has done for a long time.
There's more than one way to skin a cat or rabbit !

GLA - C

So just added another 30 shares @ 1470p + fees, to increase my number of shares to 206.
Average cost now down to 1950p (from 2025).
My planned first sale @ £25 is looking harder and harder to achieve.
Looks like being a long-haul now, with no chance of any short term trades. Patience required.
Cheers & GLA - C

oops. line 2 should say"last 5 years incl Covid collapse" (not Brexit collapse)

Not sure you can call £15 support.
All support points over the last 5 years including Brexit collapse, have all been breached.
There was a trip just below £15 at the time of the Brexit vote in 2016, but other than that we are in unchartered waters on TA basis.
Mr Market is giving PSN a thrashing at the current time. If PSN can deliver pre-tax profits in the £800m-£1B range, giving EPS over 220p, and a divi around 90% of that (£2 ish), it's hard to believe there will not be a bounce back in the SP.
Time will tell and all the gloomy mainstream news does not help. Normally the market is well ahead of the mainstream news, so lets hope the UK housing market does not fall apart. although it would help younger generations if there was a big drop in house prices, as for Joe Public it is hard to get a start without assistance from the Bank of Mum and Dad who have enjoyed great booms in house prices for several decades, with the odd hiccup en-route.
Cheers & GLA - C

I am only talking tiny amounts, but i've added a few more today to increase my number of shares from 176 to 206.
Average cost was around 2020p, now down to 1950p average.
Still well under water, but now around 80% of my £5K limit purchased.
My next purchase will be around 1250p if we get there. started at 2325p, with pound cost additions at 2139p, 2073, 1963, 1725 and 1470 ignoring fees and some DRIPs.
Cheers & GLA - it's getting gloomy in here with no idea where this is going

Mikey - you don't know how lucky you are.

Try holding PSN for professional ski-slopes.
Its down 19% since 16th Aug.
I certainly have the Midas touch - NOT - down 36% since my first purchase on 7th March, in a market that's roughly flat over the same time frame. True CSDI performance !

Evening Rob & Dan
I think VOD is a brilliant share - wish I'd bought these instead of PSN.
Now that is a serious ski slope, in the words of our resident one share pessimist.

Look forward to some proper banter when Dan is ready to play again

Cheeeeeeers - C