The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I’m 40% sure of buying these as I did bsck at last ones in 2010 think it was at 335p!
The difference here, we’re at the top of a stagflation environment and this rights issue price of 645p coujd well be hit when we do come back to reality that rates will not be lowered at all thus yr due to inflation pressure creeping back up if we do lower rates.
This is the fault of FEDS, BOE & ECB lower rates too low and keeping them low to help governments.
So, going back to RI. Only invest if you’re prepared to see value lower by a further 20%. It’s well possible, but remember we drip feed funds into the stockmarket over a longtime nit in one go.
That’s what I have been doing since 2003
GLA
I agree with your views Midgemagoo.
But this came at the worst time, when the VIX is that and the indices that.
#overvalued market
Just observing where stock indices are versus the VIX ( fear gauge ), we can clearly see indices are trading all at new highs , to the VIX trading at low lows 11 -12
…remember this VIX trading theory; When the VIX is low, it’s time to go; when the VIX is high, it’s time to buy.
Throughout history, low VIX readings have resulted in stock weakness, and high VIX readings have preceded stock strength.
I can see a mean pullback from these levels
Get ready to buy when you see the VIX reaching at least 19-20 but with this RIGHTS ISSUE it’s going to distort our initial investment.
We move on..
Does this happen in USA? No, US stocks are the place to be have always been.
I only have 5% in here. Pharma is my 7-10 and miners too.
Last rights issue was good att £4.50, but it will dilute SP .
I’m rather disappointed, but then again look at Thames water and look at SSE. It’s a sector trend …
VIX v stock indicesToday 15:04
Hi all,
Just observing where stock indices are versus the VIX ( fear gauge ), we can see indices are trading all at new highs , to the VIX trading at low lows 11.
**
…remember this VIX trading theory; When the VIX is low, it’s time to go; when the VIX is high, it’s time to buy.
Throughout history, low VIX readings have preceded stock weakness, and high VIX readings have preceded stock strength.
I can see a mean pullback from these levels.
Get ready to buy when you see the VIX reaching at least 19-20
We could see £100 reappear
Hi all,
Just observing where stock indices are versus the VIX ( fear gauge ), we can see indices are trading all at new highs , to the VIX trading at low lows 11.
**
…remember this VIX trading theory; When the VIX is low, it’s time to go; when the VIX is high, it’s time to buy.
Throughout history, low VIX readings have preceded stock weakness, and high VIX readings have preceded stock strength.
I can see a mean pullback from these levels.
Get ready to buy when you see the VIX reaching at least 19-20
A drop of 2.4% because inflation has only dropped to 2.3% laughable
Looks like since January there’s been no progress.
This might continue lower until next results, as the risk on trade could continue, with defensive stocks hit in this run we’ve had…
My latest picks doing well with GS, CROWD and MUT
Just read that ‘ PING ‘ has changed his mind about sale of stock!! Hmm, is trying to make a quick buck on short selling..
Is this just the market for TRUSTS at the moment, or is there something wrong here?
CTY , HFEL, MUT & HFEL has outperformed HICL so has
People here have been here for possibly longer than a few yrs, try 22yrs.
In 10yrs it’s still minus , and over 5yrs it’s done 10-12%.
This is from October 2023 POST
So, Shel are possibly going to join the party in M&A. I hope it doesn't do so to expense of the growth of so & sustainability of the dividend.
If we compare some gains here v UK stocks from 1994 to 2023 October 26th
XOM +750% plus dividends( USA)
SHEL 144% plus dividends in that period
BP. 320% plus dividends
CVX. 700% plus dividend's (USA)
OXY. 5800%! plus dividends ( USA)
including
BHP + 1,025% ! Plus dividends along the way!!
Diamondback Energy +780% (2012-2023) + dividends / special dividends (USA)
COP +950% plus dividends(USA)
Enough said!
Spot prices
https://tradingeconomics.com/commodity/iron-ore
My jaw dropped when I read numbers.
Market cap £19bn and net debt if €33.2bn.
Verizon is a in a similar peril looking at their net debt v SP.
Glad I moved and bought CROWDSTRIKE instead. Up 32% since January.
Dividends aren’t everything. That’s what investors don’t realise. Me too.
My broker dud warn me once before buying a stock at 7% that it was a risky idea, as most divi’s over 6% are cut going forward. Happened here many times sbd this is what VODAFONE need to do cut dividend to 3-4%
Take a LONG LOOK at T-Mobile, another stock I bought nearly 10yrs ago. It’s one to own not VODAFONE.
They currently are run well and bolster a decent dividend of 1.8% before tax, but it’s the growth v debt, is negligible
GLA
picks for 2024
CROWD
AMGN
SPG
AZN
TAYLORWIMPEY
HSBC
not this
Free cash flow fell from €2.6bn to €1.8bn. Net debt, excluding the sold segments of Spain and Italy, was broadly flat at €33.2bn.
I have calculated mine and I was not taxed on my BHP. Last one was 72c in April.
0.72c x 833 I recieved £471.15
That is not taxed in opinion .
I have held and accumulated BHP since 2009.
…it got a kick in the teeth for that slightly raised bid.
Though now AAL are going to be selling some if it’s assets. Wonder if this means that BHP will come back with a proper bid for Anglo.
On the dividend research I have found:
FY 2024, Goldman Sachs is expecting BHP to lower its payout ratio to 55%. This is expected to lead to total fully franked dividends of US$1.45 per share for the 12 months. This represents approximately A$2.27 per share based on current exchange rates, which will mean a dividend yield of 5.1%.20 Apr 2024
Sorry but both BP & SHEL underperformed the oil sector! That’s why SHEL wants out of UK.
Is the MRNA board for BARC board..
On Barclays, which I have held 11500 since 2009, I’m feeling now is time to move profits to HSBC;
At current SP 209p, it trqdes on 8.2 times earnings, which is no longer ‘cheap’ in historical terms I believe.
What’s more, its dividend yield of 3.8% a year is now below the 4% yearly cash yield from the wider FTSE 100.
In other words, I don’t regard this stock as crazily cheap any longer.
Then again, I have no idea what might happen to the Barclays share price in the short term. It might keep rising, or reverse — any compelling arguement?
I expect earnings to fall in 2024, due to weak credit growth and rising bad debts on credit cards / loans, and sorry to say rising inflation end of year into 2025.
I’m happy with GS & HSBC banks I have.
There are lots better out there…
Read this is in Australia Financial Review Saturday.
“Time for Rio Tinto dual-listing rethink with Anglo American in play”.
Rio is not in a play for Anglo, anyway. However some points below can be relevant for investors here.
“Currently, the ASX-listed shares are trading at more than a 25 per cent premium to the Plc shares, the widest gap since 2013. And a widening and sustained spread is forcing people to revisit the long-running question of whether Rio could unlock more value for investors with a different structure.”
“This, and the growing valuation gap, is making it hard to ignore the DLC. In the past month or so, domestic (means Australian here) investors – estimated to be underweight the resources sector – have piled into the locally listed Rio shares as miners globally started to outperform.”
“European investors tend to use Rio’s Plc stock as a way to trade China, and a more bearish outlook has them selling”.
End of quotes
In other words, Euro sheep gets scared by tabloid propaganda and sells Rio, while Aussies see the value in their business/assets and buy. In my opinion, having HQ and listing in London is a leftover from distant past when Britain worked and prospered. This is long forgotten and moving out is well overdue.
After warning you before results this would be a drag on growth potential in short term.
We’re nearly 100p lower since January.
With economy supposedly being in a better state, god only knows (8300pts), I think this will be a dog for sometime…
Maybe September we might see an constant uptick above 3000p
As for buybacks they’re a waste of time for investors, it’s just a smoke screen, what investors want to see us debt levels reduced at these high interest rate environments we live in, and maybe a small uptick in dividend.
Still ,since October SSE is underperforming NG. I still believe investors would rather invest in NG over SSE no matter what.
The outperformance with NG started last summer. Could be the dividend yield that’s helping
Personally I would NOT be distributing your dividends like so.
There is trouble ahead and if you follow BUFFETT in USA, he has a cash pile of $200bn as of May .
I would be topping up in large sums not in tiny amounts at lower levels .
Your paying to invest in these prices, sounds rather daft. But everyone is different.
Recieve your income hold it, and throw it at stocks when we get a large drop like what Buffett and I’m doing.
There are no bargains at the moment anywhere…