RE: Red Braces Brigade12 May 2021 20:02
Eveneing all
Ended up with little over £300 gain today, so recovered a miserly 1/3 of yesterdays falls.
Pretty mixed day, with my old FTSE100 HYers all gaining over 1% and RDSB >3%.
NCYT losing another 4% today is in a real dog trend - down 17 days out of 21. At 8% of my p/f and down 16% to date, has knocked approx 1.5% off my total p/f. The FY results for 2020 are not published until end of June, which is near the 6 months limit allowed for AIMs to submit iaw LSE listing rules. Another positive RNS is needed, as the last one on 23/4 moved the SP up 50% over a couple of days before this continual fall to below £4. I will review again when (not if ?) it's down 25% which is my normal tolerance for a share.
GGP had a good day as most here will know, but it's only 4% of my p/f, so does not have dramatic effect for me as it does for some of you guys.
I've a couple of ex-divs tomorrow so expect AVST & RDSB to slide down the hill, and would like to think some divi money will move towards next weeks ex's of CEY, GSK and TSCO. The divi trade is a good idea in bull markets but can be a disaster in down trend. Last week was a very nice shock when POLY went up 2% on ex-div day despite having a 4% divi, made an effective 6% rise on the day. A few more like that would be greatly appreciated.
V - getting a good boost from GGP and ABDX - nice one !
O - good luck with AINC
K - I'm always a little wary of big special divis - often come at a cost. Sometimes better to wait until after the divi and buy more shares at lower cost for future divis etc. FGP used to be a good high yielder but SP has fallen a long way since I held them at over £2, but that was back in 2012 !!
T - Interesting call to take the losses on NCYT and ARB. I've taken many in the past and found more often than not that patience would have been better. Eg sold BT @ 109 in July 20 after holding for over a year at cost 154. They did go a bit lower but now back to near 170p. I am trying hard not to take any more losses, but will inevitably have to accept some in due course. As you say the opportunities to make other profits have to be factored in.
Meanwhile trust you are adding more to the ASC catalogue.
S - Soon be ready to come back and trade again, once the porch estate is fully refurbished.
N - good to hear the p/f picking up with the help of GGP - one of the brigadier favourites.
Cheers all - time to prep for a little chess comp. - C
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