Member Info for CSDI1962

Hi there CP,
This is a tricky call, caused by the 0.2p vs 2p options.
I have a lot of my p/f chasing dividends (ASEI, AEWU, CEY, GSK, IMB, NG, POLY, RDSB, SUPR,).
This year the big FTSE shares have dropped a lot more than their divi, so much so that I trade parts of GSK and IMB around the divis, selling just before and buying back a couple of days later which has worked well.
The problem is, none of us know for sure, what will happen on any given day as market news can easily make a bigger difference than the divi.
In this case, as you are only getting 0.2p cash, I would normally suggest selling and buying back, but with the shares you have I think you should just stick to your plan.
If you are a LTH - just keep hold
If you are short term trading, then I would be tempted to sell tomorrow.
Just my thoughts, but has to be your own choice - whatever you are comfortable with.
There are no guarantees when you buy any share, and I have sold my shares today for a minimal 4% profit, as I had planned a very short term trade, and already missed chance of an extra 3-4% by selling too early today. But no problem as my target was just 3-4% as I did not want to tie trading funds up, as I have about 60% of my shares on LTH, 20% short term trades, 20% cash roughly. Each to their own.
GL whatever you decide
Cheeers - CSDI

TR - it's hardly the same as buying a car.
You wanna pay £5K for an old banger or £50K for a nice big rover - that's your choice.

when our NHS is issuing vaccine free of charge - time to accept what is on offer.
If you want to pay £5K to pick a jab then maybe ....

But of course you are not in the UK, receiving the benefit of the NHS are you ?

Mikey
Good luck with whatever you choose to do with the proceeds.
Always a good decision to a flog a dead horse and put to other/better use.
In the meantime I am sure your Sharesave scheme will work out well - I trust it is guaranteed money back or sell shares if SP is better.
I've got fed up of buy and hold too with numerous shares that always disappoint.
I've now got nearly half of my SIPP in little trading batches - and actually have some cash to invest for a change.
Never any guarantees and always bumps in the road, but have had a few little profits and looking for other opportunities.
VOD is on my watchlist and may fall enough to tempt me back for another little trade - but no chance of LTB&H.
ATB & GL, Cheers - CSDI

No - as Lufkin's sentencing adjourned to 21st June and SFO investigation into PFC continues for now.

Toff
I was delighted watching CNBC this morning to see CS's SP dropping over 10% due to getting caught out with hedge fund positions.
Let's hope they suffer plenty more damage.
I think DB could also be in the frame to take a serious hit .... excellent news
TBH, GSK has not helped itself this year. EW's performance was pretty poor for YE Results.
Let's wait and see if Q1 Report throws anything positive at us.
GLA - CSDI

Have to agree with posters on here.
I've bought in a small amount on monday @ 1484p, using part CEY proceeds and part cash, so that I have 6% of my p/f in each of these two companies.
Both have issued stellar results recently and their reward .... falling SP.
POLY has dropped by >1% every day this week, despite gold moving less than 1% over the last 10 days ..... irrational
Airlines not flying, but their SPs are , no divis and no profits in sight .... irrational
POLY now has a P/E below 9 and divi above 6%, yet SP keeps falling
CEY has P/E around 11 and divi around 6%, yet SP keeps falling.
Both shares near 52 week lows, with POLY down 30% from 52 wk high, and CEY down 50% although does have production issue at Sukari.
Gold is down 17% from 52 wk high - why are these shares getting hammered ....... irrationality
Will these SPs go lower ? Almost certainly until something changes this down trend.
what will be the catalyst to send these shares back north ? We have to wait for the gold price to consolidate, but cannot be certain we have reached a bottom. There is potential for more downside ... how much ... who knows.
Weighing it all up, the trend is against us.
But as a value investor, I hope the risk/reward proves worthwhile.
Position size is a combined 12% for me, which can be stretched another 6% or so if needed.
CEY is probably more risky, but you can never be certain of developments with Russia or Egypt.
I am already down about 19% on CEY as bought in Dec and Jan , and normally review holdings if they fall by 25%, but as yet I see nothing to change my view that these offer good value and potentail returns of both income and capital. After just 4 days holding POLY I am down over 5%.
Fingers crossed for recovery. Patience is needed. Let's see where we are in 3 months time.
GLA - CSDI

It's the algos at work.
Price fixing can be the only reason.
Regulators should ban this market manipulation.

I have same problem in my Scot Widows SIPP - with share dealing managed by Stocktrade/Embark.
They do not permit scrip divis, and I have registered a complaint that I am being denied "a standard service" that is available with most providers. Their refusal is costing a 10-fold problem with the divi which is totally unacceptable.
If It was a normal share dealing or ISA account I would simply close the account and transfer, but it is a lot more messy with transfer of SIPPs which have a lot of regulation (to supposedly protect us) and would incur additional costs in transferring/closing/setting up etc.
I have also encountered the "PI protection" that prevents me from buying crypto-currencies in the SIPP.
Most unsatisfactory.
Chers & GLA - CSDI

Hi There James
Yes I'm in a mess with IMB too - as first bought in Jan 2018 at £29. So that's staying on hold for a few years. At least I have nearly £6 per share in divis. I've bought some more in the last few months at 1483p and 1411p, which are a little in profit thanks to 96p of divis on the 1483 batch. I am hoping for £16 on those, and want to repurchase BATS at £27 or below.
Ummm not sure if that will work out.
I've got ASEI as part of HY core and am trying to trade NCYF in a 2p range, as made nothing on my original purchase at 62p in July 2018. Have just sold NCYF, with plan to repurchase.
I've added two property shares (6% of p/f each) with AEWU and SUPR to hold with divis of 9% and 5% respectively.
Having not done well with buy and hold over the years, I am now putting about 40% of my p/f into short-term trading, with a view to making bw 2-10% on trades in very short term, so have cash in hand regularly to pick up possible bargains.
I've done a lot more trading since 1st Jan, and find the ex divs have been useful to average down. Of course it may not work next time, but there is always plenty of fish in the sea, and I have bought 55 different shares since starting this SIPP, currently holding just 9 and 19% in cash which is the most cash I've had uninvested since starting.
GSK is my biggest holding at 18%, with IMB at 13%, ASEI 9%, RDSB 8%, and roughly 6% each in AEWU, CEY, NG, POLY, SUPR.
Let's hope the baccys carry on with their good run - long overdue after several years of pain.
Cheers - CSDI

GL James,
Yes - quite right - each to their own.
Years ago I would never have thought of selling before ex div, as always seemed most sensible just to collect.

I have become aware over the last year or so that SPs seem to drop massively on ex div day for most of the big FTSE companies, so if you have a decent size holding it can be worth selling and then buying back more shares, like I did with both IMB on GSK for the Feb divis.

GSK sold 17/2 for 1274p, ex div 23p on 18/2, bought back 1215p on 19/2
IMB sold 17/2 for 1505p. ex div 48p on 18/2, bought back 1411p on 19/2
In both cases would have bought much lower if waited a couple more days.
Also market news on the day can have a big effect either up or down - so always unknown.
For BATS my guess is a drop of at least £1 within next week, compared to div of 53p.
Hope I am wrong for your sake, but right for me to buy back !

Cheers & GL - CSDI

Mary,
What do you mean by "shortly" breaks £13 ?
Seems to be stuck again, and I can't decide whether to add another small batch to lower my average cost from 1460p.
already got 18% of my p/f in GSK, so would prefer to sell some before adding back.
I've not perfected your "racking technique" but am working on it.
Cheers & GL - CSDI

Did not notice the TA experts calling for it to drop to £25, when it was sailing bw £35 and £40 a couple of year ago.
Simply put, TA says shares will go up when they are going up, and down when going down, as the trend is their friend.
That is until the trend ends - no TA "predicted" the Covid crash or the Financial Crash.
It's great when shares follow patterns and trading ranges .... until something changes the course.

GLA

Well done to those keeping hold of BATS on its recent run up (towards ex div on 25/3).
I sold out a week ago - too early - at 2747 (when I hit my £2 profit target) so have missed the extra 5% so far. (on 6% of my p/f)
I've kept my IMB shares (about 13% of p/f) and these have a lagged a little recently in comparison, but that may be due to IMB's ex div last month.
Over 6 & 12 months, IMB has done slightly better, but in the last 3 months BATS has been the winner !
I believe there is some mileage to chasing the divis on both of these, as they are about 5 weeks apart with ex div dates.
I've got my timing wrong here by selling too early, but did buy the BATS shares (@2546) on 2nd March by selling IMB shares @ 1372p. Since 2/3 IMB is up 9% and BATS is up nearly 13%.
During Feb I sold IMB just before ex div (@1505) and bought back 150% @ 95p lower (losing the 48p divi).
Overall I guess its Swings and Roundabouts.
Would be nice if the current run continues for both, which I am guessing is due to a temporary switch out of growth & tech shares into so called value-shares.
My plan is to keep a core holding of tobacco shares for the LT divi, and have at least two trading batches.
My Nov puchase of IMB is just breaking-even, excluding the two quarterly divis, and my recent buyback is up approx 5%, although current SP is just below what is was on day before ex div.
GLA - CSDI

Hi Rogue
You made a big comment about not understanding £0.9B adj in the cashflow report for DAWI.
This is simple - depreciation is NOT a cash expense, so is therefore added back to Net profits to reconcile with cashflow.
Hope that helps explain that item.

Wow - this is a popular board with 2 messages so far this year !
So let's start a party as there is 3 of us now LOL.
I've put this in my SIPP today (only very small scheme) as part of my high yield side of the p/f, with 6% of my funds @ 82p.
The SP has traded above 70p for the last 9 months, and was in steady range of 90p-£1 before covid.
The baord seem confident of paying 8p p.a as a divi which puts this on a mssive 9.8% yield if it can be sustained.
According to the Jan RNS there was a NAV of 95p, so is offering a 14% discount on that basis too.
While Real Estate linked to Retail must be nervous, the bias here towards warehousing would seem to offer a safer exposure to the sector. I have a similar weighting with SUPR, which focuses purely on the "big supermarkets" REIT, and yields about 5.5%, to give me a total weighting of 12-13% of p/f in Real Estate.
Judging by the high dividend there must be a fairly high risk here, but the alternative use of the properties gives us some security (fingers crossed).
I must warn all S/Hs here that this share now may be subject to the CSDI curse - which causes any SP to fall like a stone when I purchase and fly to the sky when I sell.
GLA - CSDI (Crap Share Dealing Ideas)

Hi Folks,
Having seen the excellent 2020 results, rather disappointed the SP stands still.
The typical "future is rosy" has been repeated so many times esp with regards to other African projects in potential pipeline.
after a year like 2020, to come out with those results is superb, and yet we languish at just over £1. We were here back in 2011 for god's sake.
While I am confident about long-term, there is no catalyst to give the SP a lift in the near future imo.
Accordingly I have reduced my (small 9% of p/f) holding by 1/3, taking a small loss, and reinvested in Polymetal with some additional cash to make both shares similar at 6% of p/f. The forthcoming divi on POLY is twice as good as the CEY divi, although both are very good divi payers.
I had postponed my plan to add 3% of p/f to CEY and think this 50/50 split gives me better spread/diversification for the sector.
I would not expect to top up this sector any more as now have 12% allocated, above my preferred amount of 10%.
I have about 6% left in cash, looking for any short-term trading opportunity.

GLA - CSDI

Patient, don't tell me VOD has lured you back to play snakes'n'ladders again.
They just love topping up your DIY fund.

Must say It's like watching "The Comedians" when you get your acts together.
Not sure who was the best out of Carson and Goodwin - but never thought much of Manning.
Crompton best out of the way as compere.

Cheers all - CSDI

PS: I'm on Patient's side. Funeral costs can be paid by whoever is left over to pay my bills.
My kids might be disappointed to find nothing left in the kitty - unless I can get lucky on The Lottery - as got no chance with my share trading skills LOL

Razors - good luck mate. It takes a lot of ball/bottle to go all in on one share. Really hope it does well for all of us - even with my little weeny holding LOL

ASME - Got to say, imo, POLY looks the better outfit short-term. But wouldn't bet against CEY beating POLY to double-up from current SPs. Give it a couple of years and then compare and contrast.

Mary, is that another AC/DC (snooker) song I can hear in the background ? - "sink the pink"
Reverse racking is something Mrs CSDI not mentioned to me

Have a good weekend all, and let's hope we're all smiling on Monday

Cheers - CSDI

IIs are the ones with all the clout = Institutional Investors
PI = Private investors = us (the tiddlers amongst the sharks)

Well if you just hold and take the divi, the MMs seem to push the SP down.
I first bought at £29 - look at how much that has cost in "just holding".
Far better to have sold and bought back lower before every divi for 13 quarters !!
East to say with hindsight.
Buy and hold is fine if you cannot have regular access to the market - but with a lot of old economy shares like IMB - it's just a slow death judging by the last 4 years SP downtrend.
Funny I thought I was buying good value in Jan 2018 - but the market tells me I was wrong (by about 50%) judging by the fact SP is half of that !
So I have been adding shares when funds available and trying to reduce overall average cost.
Yes it's work, but if I can make 25-50p each quarter then surely that is better than doing nothing.
I have traded 4 times in the last 6 months to make 8-10% profit each time and recently sold some at a loss to move into BATS.
I've just sold (on Wed) those BATS shares at 8% higher than I bought them, while IMB had risen 4% in the same time - the difference primarliy down to the upcomong divi on BATS coupled with the ex div downturn on IMB. Both shares have have added another 2% in last couple of days.

I believe Robina shares were bought around the same time as mine in 2018, so at a cost over £29.
It's just a sugestion to try and reduce losses by getting average costs down, without having new funds to buy shares.
This is possible with a decent size holding where trading costs are minimal, but no good with a small holding as costs will likely exceed any benefits.

I expect to be buying either BATS or IMB again after any SP fall of 5-10%.
And continue to hold about 12% of my p/f in IMB, of which at least 1/3 will be long-term hold as you suggest.

not sure if all that makes sense - if not please ignore - and accept my apology for wasting your time.

Cheers and GL - CSDI
PS. Apologies for any typos - due to lack of edit facility - arrgghh