Member Info for CSDI1962

Todays RNS is simply Notice of the AGM

Hi Dan
Bond holders receive fixed interest on their holding, which is effectivley a loan to the Company for a fixed duration. So say you hold a 2025 bond with rate of 5% p.a, you normally get interest paid every 6 months and at the end of the fixed term get your money back if the company survives. As a shareholder you are have no guarantee of divis or getting money back for your shares - but the risk/reward means you could get more back if the SP rises, whereas with the bond you will only get back your capital, subject to current market price (which depends on the time remaining to maturity).

Does not look like directors putting their own money in does it !

It says - Market purchases in respect of deferred element of Annual Bonus

My crystal ball not working today.
Any thing above 317p would be progress LOL.
GLA - CSDI

Hi Dan,
If I don;t understand I don't invest. Would never go near an item like Bitcoin. Funny enough I wouldn't touch Tesla until it became profitable, but already missed the boat big style there. We all choose what we think suits us best and live with the consequences .. good and bad. The UK stock market does seem to have a big fight on its hand - at least as far as getting sensible values for major FTSE100s. But like any asset it is only worth what someone else will pay and no one wants to pay much for VOD at the moment. Hopefully things will change in due course.
Cheers and all the best for Xmas etc

Hello Andsoforth,
Yes agree with you. The divi will have to be cut in due course as maturing loans cannot be replaced at same high rates. I don't want to be left holding the baby if the divi cut sends the SP down a long way. Having said that the SP is already down 15% from last year's average say 57p. Wonder if it is safer to take a small loss and find another fund with similar high interest securities, where the divi is lower but more secure. I have held CMHY in the past which has lower yield around 5.5%.
Next divi announcment for NCYF due mid January - can we hold at 1p per qtr again ?
Do you hold other funds which are worth me looking at ?
My p/f is mainly high yield shares - AV, ASEI, CEY, GSK, NCYF, GSK, HHI, PDG, RDSB, VOD.
Full details of my p/f can be found on the general chat boards.
Cheers - CSDI

Hi Fleccy,
Good luck with investments on BT, LLOY and VOD. As you say Brexit and Covid are temporary events, which will be out of the way and consigned to history in due course. Provided you have bought within last couple of years, every reason to expect a full recovery. If you had bought LLOY in 2007 then you have no chance of recovery and need to manage the escape. Interestingly with VOD the SP seems to have little relation to profitibility in that the SP was on a long-term rise from 2009 to 2014, plateau for 3 yrs and then skis downhill when I decide to buy in 2018. Hopefully I have bought back at better price this time at approx 133p recently. One of the other posters says how VOD's divi is not covered by earnings, but it is difficult to understand what VOD's real earnings are with so much disguised in intangibles. It was a share I never felt happy to invest in with my previous SIPP (2007-2017), but decided it was a better option than BT this year, having switched betwen the two on a couple of occasions since start of 2018. with only 5% of p/f allocated to VOD, it is not to going to be game changer either way for me. At some point I would like to allocate 10% towards telcoms, but short term have gone overweighted with baccy (may be waccy in my case LOL), pharma and oil for now. Time will tell which is the better sector.
Cheers - CSDI

Now that tomorrow has been 'n' gone, any chance VOD can start to climb the old wall of worry or do we have to endure some more suffering first. Would be nice to have a good day to finish the week and stop poor Mikey from another pessimistic shout about 3pm.
Any one know if Santa got time to visit this share before Xmas, as heard the govt. had given him special exemption for social distancing in the 7 days before Xmas... Not sure about his little helpers though.
Notice that all the ex div stocks gone down more than their divi today so must say not a bad day as it goes for VOD.
Cheers - CSDI

Hi Fleccy,
Sensible call from yourself with average at 154p.
I have been involved in too many shares where falling prices have become permanent loss of value. I have held shares in the belief they will recover only to be disappointed. Examples include BT, CNA, DSGI (now DC), HMSO, LLOY, RBS. Not to mention a couple of shares previously held that have gone up in smoke.
My holdings are no where near your value here. I review any share which falls 10% if it's a short term trade, or 25% of one of my LTH which are usu dividend plays for income. For me there is no guarantee that any share will recover, so I am quite prepared to take a loss and revisit. Sometimes I can get back in a better price, sometimes not.
When I bought LLOY and RBS in 2007, I would have lost over 90% if I held instead of taking losses. Some we win, some we lose and obv in my case I have a natural ability to buy dogs LOL.
Good luck with your invesment, you have a lot more to gain or lose than I do.
Cheers - CSDI

Hi S-i-d-i,
I have bad prev experience with VOD buying at over £2 in 2018. Got out out at 1.52 and about 1.28 on way down. Decided to come back in with smaller holding to see how it goes this time. Not confident of getting back to £2 so have targtted 150-160 as my exit point. As only half size purchase may add if momentum goes in favour.
Cheers - CSDI

Suprised you do not know what FAANG stocks are. They are why the US indices have gone through the roof. Facebbook, Amazon, Apple, Netflix & Google (now called Alphabet). As UK lacks these digital monsters our market lagging massively.

As for VOD. its 5p loss today, only 25% approx more than the div. The FTSE 100 ex div stocks all gone down today. BATS 65p (div 52); MRW 4.45p (div 4) UU 27p (div 14), so much in line with the market on a typical down ex-div Thursday.

Fingers crossed VOD bounces back soon, but not good Nov/Dec record for last few yrs. Come on .... where is Santa when we need him ?

Cheers - CSDI

Funny enough I had the same predicament at start of this month. I had shares in SLA since Apr 2018 that were disappointing me. As one of my main focus is on divis I opted for AV with the ex div date due a few days after purchase.
Again I considered the P/E aspects of AV, LGEN and SLA. Based on prev 5 yrs average I thought AV had the biggest scope for recovery/increase in SP and decided AV was best for me.
Many on here believe LGEN is a better business and prefer that one, but for me it was AV on the basis of potential for increase in SP. Normally my choices are pretty wrotten, hence the name CSDI - Crap Share Dealing Ideas.
As always the choice must be yours - do not let others overly influence you - including me - but pick out the best bits of advice from posters.
Good luck - CSDI

It is $0.1665 =12.48p per share, assume about 900 shares (1125p on ex div) = about £112

Mikey,

Why does one day matter if you're a long term investor ?

If you are a day trader then different matter altogether as ex div days often start a swift downward push.
In bull market, recovery normally swift.
In bear market, can accelerate downward spiral.
Statements of the obvious ... please accept apologies.

My recent expereince with similar % divi with IMB (48p on 1491 SP) saw a decline of 130p in 3 days and bounced back 216p in following 9 days. So a great opportunity to buy in at lower price. And now looking better.

A similar % bounce in VOD would be ideal as helps both traders and investors ..

Cheers - CSDI

Uncle Bucks 57,

Now I don't want to sound all pessimistic but .....

If you asked me this question 5 yrs ago, you would be down about 70%
Ditto 4 yrs ago, down about 65%
Ditto 3 yrs ago, down 50%
Ditto 2 yrs ago, similar 50% or so
Ditto 1 yr ago, down 32%

I would hazard a guess not one expert or amateur would have accuratelt predicted that.

In short no one knows the future ...

with a fixed time span of 4 yrs what happens if an unseen event happens then ?

Not sure BT would be the "one share" I would pick.

To be boring maybe picking the FTSE100 through an ETF, or via ticker code ISF. It will never set world on fire, but may give you some growth without the higher risk of a single share.

Maybe the FTSE250 if you wthink UK plc can go on a good run.

A single share = greater risk/reward
A whole index = lower risk/reward

Good luck whatever you decide.

Cheers - CSDI

Hi Toff/RR and all,

Yes indeed 19% is a more than average risk, and I have one share with 27% as well !!
However even if I lose 25% on GSK, that would wipe out only about 5% of the p/f = equivalent of whole right off in a better balance p/f. If it seems that GSK has developed a major problem, then I can always bottom slice if necessary. I have done this is the past when bank shares crashed in 2008 etc. Most PIs were thinking it could not get worse for a long time but it did.
I lost about 25% of a previous p/f in bank shares, bus luckily recovered it elsewhere.
The jury is out on GSK, and current sentiment is vicious. Not yet time to throw in the towel. since 2012, GSK has visted 1250p a couple of times. Just a few weeks ago we were a bit below £13, so will have to see if we hold above that level or not. As i've mentioned I have been holding GSK in the past on a drop to £10. I don't want to go there again but it will be what it will be. Will review again if/when we take out the 52 week low.
GLA and apologies for the CSDI Curse

Hi All,

Like many I am deep in the Doo-doo here, with 13% of my SIPP invested here at an avarage cost 1650p. If you have seen my previous posts you will know I thought it was a good buy at 2688p on 31/7/18 and have topped up a few times to give average price shown. My capital is down 20%, with divis covering 4%, leaving a net loss of 16% at present.
My initial purchase was for the divi, which was $1.88 at the time which was over 5% p.a - my normal target for this HY section of my p/f. Now with the divi decimated and yielding approx 3.75%, would it be a good idea to switch at least half of this holding to the higher yielding BP ?
Of course I am not keen to crystallise any loss, but looking for the best road to recovery. So should I :
1. Just sit tight, keep hold and wait for hopeful recovery
2. Sell half and buy BP which yields about 5.8% as opposed to RDSB's 3.8%, noting that BP's current price is the similar now to when I sold BP in March and switched to RDSB at 1155p. That is to say shell gone up 14% since 13th March while BP gone down about 4 or 5% in same time. Thinking here is that BP may put in better recovery than RDSB.
3. Sell RDSB, take the loss, and buy alternative FTSE100 share with better divi. Not keen on this idea as hard to find a share with as much chance of recovery over next year or two.
Just would like to hear thoughts - esp those with long experience of investing
Cheers - CSDI

Don't want to scare anyone, but I must warn you all that the share may be suffering the "CSDI Curse" which effects any share I purchase which has a serious detrimental effect on your wealth. I have posted previously with my track record and current position (ave 1489p and 19% of my p/f today) so you should expect things to get worse before they get better. The current SP is pretty identical to my first purchase in May 2007, so after 13.5 yrs it's gone nowhere. I would not be surprised to see it fall further to offer even better buying opportunity, but I am sure in the fullness of time (however long that may be) it will stumble back up the hill to £16 plus. In the meantime just sit and wait for the quarterly divi and collect your 5.9% p.a which beats anything in the bank !
GLA and be patient

Fair point KOTB. Suppose its ok for directors to recommend acquisitions that destroy PI share values, while they pocket big salaries and "free share options",

I've had IUKD a couple of times over the years and found it has lagged the FTSE quite siginificantly in those periods.
The current yield is the lowest it has been for many years - just 25p divi over last 12 months - with SP around 640p is around 4%. The full list of holdings is easy to access and copmare to other divi paying trusts.
Certainly this gives some diversification with its 50 holdings, but you get similar holdings in ASEI which is paying nearly 7% divi now. I would expect IUKD divi to recover in line with general Dividend reinstatements. I would expect ASEI's SP to match any increase in IUKD.
That's just my thoughts - but I am not called C S D I without good reason - Crap Share Dealing Ideas