Member Info for CSDI1962

Hi both. Yes agree no point in panic selling.
Still got a good divi with promise to increase from rebased level, which is still very high at 137p.
Obv depends on profits doing well b4 rising.
As my top holding, no point in selling in a panic - it bounced back about 40p after its 90p dive.
Might be some poor reaction in next couple of days, before the next 48p divi get caught in the headlights, which is about 3.5% on its own for one quarter/third which is the average yield for all FTSE shares over the year atm.
Keep calm and stay invested if you're a LTH.
If a trader take your pick and see where it goes ...
Cheers & GLA

You may apply for a position in my class with C S D I (Crap Share Dealing Ideas) LOL

Robina & Itsalottery,

Umm didn't read that too well with Capital Markets presentation sending the SP down with bang.
Nasty effect on my SIPP with this.

C S D I - in all his gory glory (Crap Share Dealing Ideas)

Be careful Mikey - don't want any nose bleeds

Can't believe my holding turned blue (at last) at 132p but that's only with counting the recent divi in.
Do we know the exchange rate yet for the 4.5c divi landing next week ?

Cheers and GLA

Can we get above the 3 recent peaks at 1650p, as some clear sky ahead of that.
Ignoring last Feb's divi 'cos of covid effect on collapsing the market; last 3 divis have seen good runs up to ex-div date then exagerated falls. Last quarter was significant and I recall Toff Appleton shouting from the roof about market manipulation.
As this is my biggest share (20% of my p/f) I want to get it right - holding as long as sensible and maximising profit around the ex-div which is 48.01p on 18th Feb. I believe it is very undervalued, but the market tells its own story in its own time !
Certainly a target for the ESG and anti-sin share brigade.
What do others think about prospects for continued recovery. I first bought at £29 in Jan 2018 and don't expect to get back there, but luckily have reduced my average cost to about £19 - it was lower but I've sold a couple of lower cost batches to reduce my % from 27 at year end down to 20% now.
Cheers CSDI

Wake up young Daniel
IMB is 20% of my SIPP - Imperial Brands - Just preying it does not go up in smoke
Does have divi >8% even after the 1/3 cut last year.
Next divi 48.01p on SP 1625, ex div on 18/2.
Strange quarterly divi as pays 1/3 in Mar, 1/6 in Jun & Sept , 1/3 in Dec.

Hi Robleo
Is that code to take at look at TSCO shares ?
Supermarkets one of the few sectors to withstand Covid.
i've got a bit of SUPR in my p/f and need to think about OCDO, MRW, SBRY, TSCO.
Cheers

I've been expecting you ......

what a great week for VOD - 3 down days, 2 up days and a phenomonal increase of 0.12p

Long may it continue. It will only take 12 years to get back to £2 at this rate !!

Have a gr8 weekend every1

Brokers targets treat ALL with barge pole and ton of salt.
Some move SPs some don't.
Historically BP has been a buy below £4 and sell above £5, but things have changed are changing more going forward with the ESG malarkey.
I have just bought some at £3 and hope it will be higher in 12 months time, but no clue from day to day and not worth worrying about as a LTH. If you are a day trader it is different kettle of fish.

No it was 10.5 US c per qtr. Rates of exchange vary. Last one was 8.3p for Q1 2020.

It might only be a "view or opinion" but some broker recs seem to move SP quite significantly while others do not.
Keeping my barge pole and ton of salt handy.
GLA

I was looking for an update from the fund manager but nothing since nov report yet.
I did read they were able to hold the divi short term and would use reserves if needed.
A couple of good closures in november report suggest a bit of help was on hand for this current divi.
I would like to buy back in but only once the divi is rebased as expect the SP fall would be more than the divi cut when it comes.
Patience required for now, but has done well to get back to 52-53p level, but still down a good 13% over 12 months.
I've gone to SUPR for now as expect that is more secure with big supermarkets behind it.
Cheers - GLA

where have you been Mikey ?
Late today
I've been expecting you ...................... (not Mr Bond)

Hi A_S,
Indeed I must agree with you. I do have a large % of my SIPP geared for divi income, but this is pointless if the capital is eroded by a greater amount.
I am afraid of jumping on the "growth and tech" sectors as I suffer badly from the CSDI Curse - of buying high and selling low. Would be happy if you could comment on the "geneal chat" thread where my p/f is shown in full as this thread is RDSB specific.
Cheers CSDI (Crap Share Dealing Ideas)

Too right. If the SP keeps dropping - my losses increase !!
When selling I ignore average prices, as I match up with buys to work out profit or loss.
I am resigned to taking a loss at some point on batch 1, but hoping batch 2 may get to break-even in time.
I keep tabs on all my previous profits/losses by share and sector.
note I took a hit of 50% on the previous BP batch, but that allowed me to buy 60% more shares with effectively 1/2 the money of my first RDSB batch.
Now I have gone back to BP buying at higher SP than previously sold because I believe BP may rise more than RDSB from here. Of course it could all go completely pear-shaped, but I am happy to have 12.5% of my p/f in the big oil sector, expecting a decent recovery if/when demand comes back with travel as airlines and cruisers start gobbling the black-stuff again.
My average cost on RDSB holdings is now 1945p, from 1650 previously.
Also have BP at average 304p from yesterdays purchase.
Overall a 20% increase in combined SPs would get me to breakeven with oil since starting this SIPP 3 yrs ago.
I would like to think a 30% increase is possible over the next 12/18 months, so prices of 1843 for RDSB and 395 for BP would do that, ignoring the divis which will help little by little.
I do not expect to sell either for some while, and now have 12.5% of my p/f in this sector, which is a little higher than my median plan of 10% per sector. I am alreeady 20% tobacco and 19% pharma, so these 3 sectors make up half my SIPP.
I noticed other sensible comments about treating current holdings as a value held, rather than averaging down thoughts.
I constantly review my p/f and ask myself would I buy my shares at this current level. If I am not happy to buy at this level then I should not hold the share.
There are too many other shares to consider would they be a better proposition. It is fraught with danger to chase other apparent bargains as constant chopping only enriches your administrator through extra dealing commissions.

Some excellent posts on this thread. Thanks to the many thought provoking suggestions and comments
GLA
Cheers C S D I (Crap Share Dealing Ideas - smiley face)

Can't argue with you there Toff.

But 3 broker recs today
1. 1400p
2. 1450p
3. 1950p

Like kids in a sweet shop - take your pick folks.

As with all borkers recs, I recommend a very long barge pole and a mountain of salt ....

I have average cost around 1489p and happy to hold until reaches my own target of 1600p.
No idea how long it will take, expect divi to remain intact at 80p short term, but may come under pressure if free cash takes a big hit from Covid related effects on the business.
I am hoping these effects already priced in at this level as we were around £18 just 12 months ago. so we have had a 23% SP reduction in that time.
As Toff says, you can suspect the brokers trying to knock price down to allow better entry level for their clients before turning turtle and raising target price back to £18.
GLA

I have never yet heard of a business changing statutory filing dates, unless there are problems !
Just my opinion.
Hope I am proved wrong so innocent PIs don't get stuffed.

Yes sir. After being naughty early today by playing with my shares (sold SUK2, sold RDSB batch 5, bought BP) I've been slaving away again. I closed my office at 10pm tonight, and been messing on here ever since.
Any chance we can all shove VOD up the hill, it's being very stubborn since I arrived as a holder.

As someone who bought RDSB at 2688p in July 2018, fundamentally for its div (then $1.88 p.a) then here is my take and what I have done.
I added a 2nd batch at 2061p in Jan 2020 to average down, before Covid and the divi cut. This was the same value so got about 28% more shares.
On 13th March I sold BP at 283p at 50% loss, same cost value as original RDSB purchase, and bought RDSB at 1155p, so got 60% more RDSB shares than 1st batch. The idea was RDSB had fallen further than BP so thought RDSB would give me more of a recovery. This has played perfectly as sold this 3rd RDSB batch at 1431p on 6th Jan, for a profit of 23%.
In December I bought a 5th batch at 1363p and have just sold this at 1410p for a minimal profit to put back into BP.
In the meantime I bought a 4th batch at 1337p but only 2/3 value of 1st batch.
So I am left holding 1st and 2nd batches at hefty losses and the 4th batch is up about 5%.
As the divi on RDSB has dropped to about 3.5%, I reduced my RDSB % today (selling batch 5) and added my divis from all shares over the 4th qtr and put this into BP todat ay 301p, to get a 5.1% yield.
My overall "big oil" is about 12.5% of p/f now, with roughly 3/5 RDSB and 2/5 BP.
The purhcase today of BP at 301p is only 6% higher than the March sale, although RDSB has gone up 22% over the same time !
And to make a short story, long, that is the myth of my way to "average down".
No doubt both shares will drop dramatically now, in accordance with the CSDI Curse.
GLA

oops missed that, sorry my head is up my .... with work.
Yesterday was a planned as a full rest day - so I worked 10-1 and then 6.30-11pm.
Today was 9am-10pm.
Must say I;ve been disappointed with my p/f as had 7 down days in a row now. Mikey must be getting to it !
Still hanging on with VOD going nowhere slowly. But its done much better than my latest buy with CEY that has dropped from 133 to 116 in 7 sessions falling every day - ouch.
After a lovely firsy 4 days of the year, it's been grim progress.
And my short cover with SUK2 - only went up 0.1% today when the FTSE fell 0.22% - the ETF should go up 0.44% - drives me mad when they fail to do what they say on the tin - 2 x FTSE on daily basis inverted - Arrgghh. It's not one to hold for more than a few days.
So what can we do to get VOD climbing the charts ?
Cheers - CSDI