Member Info for CSDI1962

After a quick jump past 80p, I sold my remaining shares for 81.2p this morning, to give me a nice 20% return on this original investment, due significantly to the 1p per qtr divis accumulated over last 18 months. This may be a premature action, but happy to lock in the profit and reinvest part in a diiferent fund - ASEI - which yields a bit more than this one now (6.6% vs 5%).
Cheers - CSDI

Hi All, Just bought this today at 307.9p, as part of my SIPP. It is just 4% of my p/f, to sit alongside another fund - HHI. Both have dividend yields in region of 6.6%. These have been bought to replace a holding I had in IUKD which has a number of the same holdings. The IUKD had been bought in 2009 when the divi was approx 52p per share (around 6.6% at the time), but with a big fall this year in values, the SP now around 650p compared to 790p when I first bought, and the dividend cut down to about 26p per share. Fingers crossed this fund heads back to the £4 level it was before Covid struck the stock market.

Oops - Missed HHI from my p/f for the other 4%. bought at 151.6p - yield 6.6% - Target 180-190p

Hi Seen_It,

I have been surprisingly active again today with my SIPP. Started by buying my favourite trading share - PDG - using the funds I had earmarked for HHI. Then I saw BERI jump to 81p, so thought that was better than my 80p plan, and pressed the sell button. Looking at my shopping list prepared over weekend saw that ASEI's yield was matching HHI, so took a piece of that too with part of the BERI proceeds, to leave enough to cover my planned extra purchase of HHI - expecting a little pull back when goes ex div this week.
So now have my revised P/F and plan as follows:
ASEI (4%) bought at 307.8p - yield 6.7% - target £4 - may add another 4% here or HHI
AV (10%) - bought at 333.5p - yield 6.3% - target £4
NCYF (9%) - bought at 61.5p - yield 9.1% - keep for income
GSK (19%) - ave cost 1489p - yield 5.7% - 6 batches with targets bw £15 and £16.50
IMB (27%) - ave cost 1799p - yield 9% - 7 batches - first batch target £16.50 to reduce weighting.
PDG (4%) - bought at 13.6p - trading share with target 16p
RDSB (14%) - ave cost 1650p - yield 3.7% - Hold for recovery
VOD (5%) - bought at 130.1p - yield 6.2% - target 150p
Cash (4%) - to buy ASEI, HHI or VOD depending on which offers best yield in near future.
The recent rise in IMB has brought my overall p/f loss down to approx 6%, so may get near to break even with a good run to year end. After the run from 31/10 more likely to be a pause or pull back esp if Brexit issues. Outlook for 2021 looking much much brighter now than 6 weeks ago. fingers crossed as always.
Cheers - CSDI

Yes DGR - I have traded PDG on and off for 12 yrs ! I first bought at 32.7p in March 2008 before they fell dramatically.
My second purchase was 1.75p on 22/12/2008 in an old SIPP. I only had £100 in the account at the time so could only buy just under 5000 shares but managed to sell four blocks (1/4 each) at 9p, 13p, 21 and 38p in Q2 2009.
They have been down in the dumps a few months ago and I got some at 8.35p but sold too early with a 10p target. Mind you I was nervous when they dropped swiftly to 7p just after my purchase !
So back again for another bite at the cherry.
I had a good run in 2018 too buying a couple of times at 24p and selling at 26/27 for 10% profits.

Afternoon folks,
Excellent note from DGR there. I think many of us are guilty of "fiddling with shares" due to the instant availability of trading on line. clearly this is what the providers want - the more trades the more commissions etc.
This is why planning is crucial. What's that old saying - a failure to plan is a plan to fail.
Looking at Seen_its p/f is approx 80% HY shares and 20% Growth - a perfectly sensible allocation.
All of these HY shares are in the FTSE100 so should be less volatile than smaller cap shares.
All bar LLOY have juicy dividends so no need to constantly track them - just let the income flow.
I have recently sold SLA as believe this has little room to grow and moved to AV. I had SLA for nearly 3 yrs and would expect to hold AV for a decent period too. But that is just my view I am sure many would argue the opposite.
I have opted for a choice of funds that pay reasonable divis too.
I have small holdings in ASEI (just bought today), and HHI. Funds like CTY, BERI, BRWM offer lower yields with some diversity.
My HY shares include ASEI, AV, GSK, HHI, IMB,NCYF and VOD. These will be kept until targets are hit which means the yield should fall and time to move on.
RDSB was a HY share but no longer. With a hefty loss on my original purchase I have averaged down on several occasions now, so have different targets for each batch.
so best advice is to leave the HY shares alone for as long as possible and allow the income to accumulate.
My dividends are withdrawn roughly every 3 months as an income. If I made capital gains these would be mainly reinvested.
I set aside 5-10% of my p/f for fun or trading, and had no funds available until today for this side of my p/f.
After a good run with BERI, I sold half yesterday and the other half today as made profits of 14% and 20%.
My trading purhcase is an old favourite of mine PDG with just 4% of my p/f invested today at 13.57p with a target of 16p.
If this drops 25% then I would review to consider selling/holding/topping up.
My other shares are all HY and can be left alone for a while as they are all some way short of potential selling targets.
I have a further 4% in cash which will be used to add to one of my two funds shortly.
so after a flurry of activity in the last few days I should be able to do nothing for a couple of months at least.
Good luck to Seen_it
Cheers - CSDI

Hi Seen_It,
Dividend seeking is a problem for some reason these days. I used to subscribe to The Dividend Letter a publication written by Stephen Bland. A contrarian idea of buying shares purely for income. Never to sell unless forced via takeover. Build up 15-20 different sector shares mainly from FTSE100, buying same value for each and all shares. Do not look at individual holdings after purchase, but only consider "total income". I followed this scheme in early 2018 and ended up with IMB @ £29; RDSB @£27; SLA @ 360p; HSBA @£7; VOD @£2; etc. All have seen divi cuts and big falls in SP, but this is a risk whenever you buy shares. No guarantees ever... but better than keeping money in the bank .... supposedly ! No system ever works perfectly. As said elsewhere - if your timing is lucky, this can be far more productive than "time in the market". Just look at BT which was what £16 in 1999, and now just over £1. Some you win, some you lose. At least I can only ever blame myself as all decisions are 100% mine LOL.
One of the big ideas is to diversify, so you do not crash if one sector falls off the cliff. For me the whole market goes belly up whenever I invest. Take the 2008 crash, just months after my 2017 pension lump invested, or now the 2020 covid crash just two years into my latest lump invested. I am not blessed with good luck, but still enjoy the challenge.
Another thing to always keep you sane - "A profit is a profit" and no point worrying about what might have been.
Whenever you buy a share, have a plan. Is it capital gains you are after; is it income you are after ; or a combination. But do have an exit plan. If I am ever lucky and have good gains, I tend to top slice and take a bit of profit at a time. With FTSE100 shares my aim is often for just 10% profit.
With ocasional dabbles into small caps or penny shares, I would sell 50% of a holding if it doubles in price, so that you have a free ride with other half.
With HMSO I was lucky to buy at 57p average in March. I sold 1/3 as soon as got over £1, then another 1/3 at 133p which was next day and then the final 1/3 on way bck down at 122p next day. Lucky timing as was not long before massive RI and now at 25p or so ... ker ching.
Good luck and let me know if want any ideas on HY shares as it as an area I have a lot of stats on.
Cheers again - CSDI

Hi again Dadean,
VOD has always a been a mystery to me. for many years producing losses, the SP went from around £1 after the 2008 crash on asteady climb to £2. Stayed over £2 from 2013 for years. I purchase in Feb 2018 for the first time, in pursuit of a steady 5%+ divi and blow me down with a feather .... it begins its steady fall ... divi gets slashed by 40% ... I managed to get out (50% @ 152p; 50% @ 128p). So here I am back for more punishment. Let's hope the SP heads north this time, but I am sure Mr Market knows whenever I buy a share, it is the precursor to a tumble.
A target of 10% to 15% profit + divi would be acceptable to me on this one.
Fingers crossed - GLA
Cheers - CSDI

Hi Ian, glad to see somebody else looking at IUKD. Thanks for comments. GAW looks toppy to me and the div only 2% - so not fit my normal selection criteria. LGEN is a good play, but my sector coverage is with AV having just sold SLA last week. I just thought AV had more to gain/recover in its SP. I can't find Sch Inc Max, as the Sch growth funds yield around 5%.
Thanks for the ideas though - always good to exchange ideas.
Cheers - CSDI

Hi Seen_It,
Yes we have similar situations as current holdings do not reflect cost % allocations for exactly the same reasons - too many losses. When I get into a loss making position, the key question is: "Would I buy this share at this price with what I know today". If I can answer yes to that, then I am happy to hold, or maybe add if funds available. Normally I find that I am fundless when I would most like to buy ! If something has changed, then I would consider selling at a loss and find a better investment.
At the moment I am avoiding property shares (which have given me my best results with HMSO) and banks. My p/f is far too heavy with IMB, but it is a risk I am prepared to take. I have been down in excess of 50% capital with IMB and RDSB but with top ups, divis and the recent big rallies of over 30% each, my current loss is only 5% for my whole p/f, made up of 10% capital loss and 5% recovered in divis.
Outside of my current p/f, I have completed 105 sales since starting this SIPP, and am so close to break even on those it is crazy. I was doing well in 2018, but since then have crystalised a lot of losses as my views changed on so many of my holdings. Hence I now have far fewer holdings which should be easier to manage.
Looking at your p/f we have similar type of "old fashioned" businesses and are both missing out on the USA-led Tech Boom. I have no desire to enter that arena as it is destined to burst at some point, and the exchange rate can make a mockery of your position (in both directions).
It looks like you have stuck gold with GGP, which looks like a "20-bagger" from the chart this year.
The best I have ever done was buying PDG for 1.75p in Dec 2008. I sold 25% each at 9p, 13p, 21p and 37p bw April and June 2009. Unfortunately the purchase was only £100 when I was strapped in my old SIPP with huge losses. If only it had been £1k worth.
I have had bad history with LLOY after my first foray in 2007 at about £5.50. After various take up of rights I still lost loads as the SP has been down below £1 for over 10 yrs now. I did trust in HSBC, but that fell after I bought at £7 in July 2018. The banks and me do not get on - so best to steer clear for me.
I hope GGP carries on its brilliant run for you and gets you back in the black.
Good luck my virtual friend
Cheers - CSDI

Dear All,
Just a warning that I have joined the army of VOD investors today. I have invested 5% of my SIPP in here at 132.4p + fees.
You may not be aware of the CSDI (Crap Share Dealing Ideas) Curse, that I am blessed with natural skills of buying shares just before they drop like a stone {and not to mention they fly high within days of me pressing the "sell" button}.
I have selected this share mainly for its dividend - forecasted as 6.1% approx.
I hope to do better with tis purchase than my previous effort which ended in disaster, after buying in Feb 2018 at over £2, to sell on the way down part at £1.52 and £1.28. Fingers crossed for a better performance this time.
you have all been warned .... LOL
Cheers - CSDI

correction to last post:
This should generate an average income of just over 6% on costs, and around 6.75% on current values (if all goes according to plan and latest divi forecast for 2021)
Cheers - CSDI

I guess the market is waking up to how undervalued this stock is.
Even with Covid hitting for 6 months of the last FY, the EPS was 254p (down 7% from prev yr).
The SP was down 28% over the same yr.
It may never get back to the £41 level in 2016, despite earnings being braodly similar.
If you look at yr end 2016, EPS was 249p (i.e LESS than 2020), yet the divi of 155p was only 3.9 %.
Today we have close to same EPS, a reduced or rebased divi at 137p and a share price roughly 37% of what it was at Sep 2016.
Maybe there is disappointment with lack of growth with the new NGP, but the mature markets still generate good returns.
To me it all makes no sense, but then again Mr Market decides on a whim and a prayer.
Fingers crossed we get to a realistic SP in due course. Patience is a virtue.
I might not see my original purchases of £29 in Jan 2018 ever in profit, but hope the later add-ons will more than compensate with the divis over time.
From being down over 26% on 31/10, my loss has shrunk to approx 7% today.
As I have about 1/4 of SIPP invested in IMB, I am hopeful to see a profit in due course.

Hi Seen_It,
I am afraid I have to warn you that I have bought VOD today. You know with my expertise what this likely means.
My natural skills of "selling just before a share flies up, or buying just before it drops like a stone" could well surface again.
I've tried to be cute with sale of BERI, off loading just under 1/2 my holding, so looking for an exit with other 1/2. Mr Market in good mood this month so far but how long will it last ?
I've bought a small batch of HHI to replace IUKD with ex div date this week. HHI seems to have quite a few similar holdings, but does have some diversity with fixed income too. That tends to act as shield if equities fall. I may decide to add ASEI or CTY to build up my own "fund of funds". I am sure I will be selling BERI before too long as the yield is dropping thanks to the rise in SP.
You might note if you buy a share that yields 6%, and this yield drops to 5% while keeping the same payout in pence. you have picked up a 20% rise in SP. Does not seem much diff between 6% and 5% yields, but it is a chunky profit if you get it right. Obv, in reverse then you have lost 20% of your capital.... IMB was yielding 6% when I bought in 2018, and had gone to approx 14% before the rebase. Ouch !!
Trust your p/f had a good day. I know mine did, but it is time for me to leave alone now after quite a few changes recently.
My current p/f looks like:
26% IMB, 19% GSK, 14% RDSB, 10% AV, 9% NCYF, 7% BERI, 5% VOD, 4% HHI, 5% CASH. (with 4% earmarked for HHI or ASEI)
Yields look like:
9.07% IMB, 5.72% GSK, 3.63% RDSB, 6.3% AV, 8.95% NCYF, 5.09% BERI, 6.13% VOD, 6.55% HHI.
This should generate an average just over 5% income on costs, and about 6% on current values.
My losses have been reigned in quite spectacularly since the end of October from 20%, down to approx 5%.
Big smiley emogi !!
Hope your p/f on the mend too, as it would be great if we could pass the wooden spoon award elsewhere

Following its recent climb from 60p at end of October, I have taken profits on just under half of my holding. A nice gain of 14% including the divis. Still left some skin in the game (approx 7% of my SIPP) and will review again if SP gets to 80p. The spread on this share is quite significant some days, but tends to narrow later in the day from what I have seen.

Hi All

with the drop in divi to just over 4%p.a, I've sold out of here, making a small profit after divis covered the a small capital loss.
I've moved part of the proceeds into a higher yielding fund = HHI - with forecast divi of 6.5% p.a.
I've used part of the proceeds to top up RDSB, despite its lower yield, on the hopes of a long term recovery in SP.

Cheers - CSDI

Hi Seen_it,
Just had a rollicking off Mrs CSDI for spending too much time on here and "messing" with my pension. Must agree have been dabbling too much with 5 transactions today. Sold pt of BERI and all of IUKD. Made planned purchase/top up of RDSB and half of HHI. And now put just under 5% of my SIPP into VOD chasing the 6% p.a divi. Got cash left for the half of HHI after it goes ex-div. So better leave things alone and get cracking on my busy work schedule !!
Catch up after work LOL.
Cheers CSDI

Nice timing there DGR, much better than myself or Seen_it ! We are in competition for the worse performing investors LOL.
With my addition today I've got my average costs down to 1650p from 1737 so pleased with that. RDSB is now my 3rd biggest holding at 13-14% of my p/f. That is quite enough for me so not expecting any more top ups now. Just a shame I first weighed in at 2688p in July 2018. I am sure patience will be rewarded in due course and hope to be near break even by end of 2021 if oil demand returns sufficiently. I've currently got 10% in cash after my sales of BERI and IUKD today, so looking for a home in another share. About 4% is set aside for 2nd batch of HHI after going ex div this week. I like to buy in batches of about 5% of p/f to make it worthwhile, so have drawn up a little shopping list - NG, SSE and VOD. Not sure which one will fit best at the mo. time will tell.
Good luck, Cheers - CSDI

Thanks Seen_it,
Hopefully your p/f on the up too !
Now that HHI has come back down 3% since earlier today I have gone my first small chunk of that - only 1/2 of what i planned. I have the cash ready for the other 1/2 now that I've gone thru and sold all my IUKD. And with the unplanned sale of BERI this morning I have funds available to add to another HY share.
Have a choice of NG, SSE and VOD to go for. Not sure which one will fit best with my sector allocation. I have had some bad losses with VOD and BT over the last 2/3 years as those shares have been on a downward spiral. VOD was just over £2 when I bought in Feb 2018, and BT was £2.38. Despite averaging down on both, I got out at £1.52 and £1.28 with VOD and £1.09 with BT. So a chance to make amends with VOD partly. I exited BT after the two year divi axe came down !

Hi Seen_it,
Yes we are in middle of good run since 31/10.
I have just sold nearly half my BERI holding, as that's gone to a new year high. I have made 14% profit on that.
The rising SP brings the yield down.
Decided to use this towards RDSB top up now @ 1363p + fees.