The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.
I first bought these in 2002 as I naively thought they had a very good yield, not appreciating in those days that the shown yield was due to the tumbling share price! I then saw them fall to 6.5p on April Fools day 2003, ( I keep a record) and the dividend was passed. Fortunately I hung on and that was their low and although they have had 2 rights issues and many hiccoughs since, they have prospered under Geoff Drabble' s guidance.
Viking 999: Sometimes I have seen a big movement on a graph when the market opens. I have remonstrated with my ISA manager as to why they have not executed trades at my reserve price when it appears on a graph, but they don't deal first thing. I think they are phantom prices!
The institutions buy or sell according to the recommendations of the analysts and brokers, hence the big swings in sp. No doubt Deutsche will be declaring their usual " sell " shortly. A buying opportunity perhaps? You might be right with your " £15 by Christmas" Hots!
* ASHTEAD - Ashtead is identified by Deutsche Bank as the European firm with the highest exposure to increased infrastructure spending in the United States, with 84 percent of its revenues derived there. Both candidates have pledged to increase infrastructure spending. Deutsche Bank highlights it as a sector to watch if Trump is victorious, whereas Societe Generale favours the sector if Clinton wins.
In the FTSE, the yield on AHT has risen the most consistently over the last 10 years with an average increase of 26.9%. An investment made in 2006 is now paying 10.7% and the dividend is still covered over 4 times, not to mention the huge increase in the SP. Deutsche Bank? Schadenfreude comes to mind!
Sir Tradealot To attend you'll need your admission card or your registered number from your share certificate. If you have a nominee account you may be allowed in as a guest as you won't be on the register. It's just as well to ring the company first to find out their policy.