RE: CSDI Portfolio31 Dec 2020 20:51
Hi Folks,
Thanks for comments on my initial posting.
Just thought I would provide an update on my p/f.
The purpose of which is to request constructive ideas on the way forward.
Since my original post on 9th December I have carried out 4 transactions:
1. Sold all NCYF at 51p, making a net loss of 2% after 2 yrs 6 mths. Reason being the divi cannot be maintained at 9% as advised by fund manager Ian Francis, and this will likely lead to greater fall in SP than divi could recover.
2. Spent about 6.5% of p/f on purchase of SUPR @ 106.6p as a replacement income provider. Yield approx 5.5% should be secure from supermarket rental properties, with hopefully limited downside risk to capital.
3. Sold 1 batch of IMB (4% of p/f) to trim the overwieght holding from 27%. Made a profit of 11% in 28 days. Maybe premature action to sell, but a profit is a profit.
4. Spent 6-7% of p/f on purchase of NG @ 865p. Dull utility with yield of approx 5.6% to replace income given up on NCYF & IMB. Much lower yield than shares sold, but hopefully safer pair of hands to preserve capital. Aim is to hold for divi or sell if SP rises approx 10% and then reinvest in similar HY share.
The updated portfolio is:
EPIC (% of p/f), cost per share and month bought, current SP, divi yield, Comments, Divis received/able
ASEI (4%) , 308p Dec 20, 309p, 6.7% - hold for income with TP of £4
AV (10%), 334p Dec 20, 325p, 6.3% - hold for income with TP of £4. Divis rec'd 7p
CEY (4%) , 126p Dec 20, 124p, 5% - trading share - target of £1.60
GSK (19%) 1489p ave Jul 20, 1342p, 5.9% - keep for income until TP of £16. (Divis rec'd 21p ave)
HHI (4%), 152p Dec 20, 147p, 6.6% - hold for income (Divis recd 2.475p)
IMB (23%) 1865p ave ** Jan '18, 1536p, 9% - keep for income until TP reached with 6 targets starting at £16.50 (Divis recd 182p)
NG (7%) 875p Dec 20, 865p, 5.7% - hold for income or 10% trading profit
PDG (4%) 13.6p Dec 20, 13.1p - Trading share with TP of 16p
RDSB (13%) 1649p ave Jul '18, 1260p, 3.9% , originally bought for income in 2018 at £27. Now hold for recovery (Div recd 68p)
SUPR (7%) 107.8p Dec 20, 106.5p, 5.5% - hold for income
VOD (5%) 133p Dec 20, 120.9p, 6.7% - keep for income until TP reached 155-160p (Div rec'ble 4p)
Cash held approx 1% - note sum may total more than 100% dueto roundings
I normally aim for 5%+ divi with any new purchase for income.
I aim to have up to 10% of the p/f for fun or trading. Normally these are short term targets looking for 10% profit with intention to repeat in year if possible. PDG has previously been traded several times with this purpose.
If anyone thinks any of these shares may be in terminal decline, please feel free to advise.
Thanks to another poster's views on NCYF led me to reconsider my holding.
Just to wish all LSE BB chatters a prosperous new year.
Cheers - CSDI
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