Member Info for eccles04

Oh, touched a raw spot did I Maybe? I've been in this business for more years than I care to remember, now here is another demonstration of just how many dumbkopfs there are out there:- 2020 and Boris & Co start their covid panic, SP of Lloyds among others drops off the scale. No 1 son and I have a chat cos he's got some spare cash,"Do we really believe that the end of the world is here and Lloyds will collapse?" - Well no, so he does the opposite of all the dumbkopfs and buys a nice little packet at 30p, the rest is history.

The correct current yield of this share is actually just over 7% and not the figure shown here. My guess is divs will be even better once the results are out in a few weeks time.

Much of the up and down behaviour is caused by silly people who are financially clueless and we have all seen it over the years. This share has been a good example recently with a low point of 2.06 having been reached only a few weeks ago. Anyone with half a brain cell would know that such a price for this share simply does not make sense and yet there must have been a fair few dumkopfs selling it out there for it to happen.

This so called "resistence" business is a load of baloney invented a while ago by a so called fund manager hwo could not explain why a particular share price didn't go the way he predicted. In reality there is no such thing.

Mcco yes y not :- Direct Line, they have paid some good divs in the past but hit a bad patch in 22 as happens to all insurers occasionally in my experience. However, that is probably now history and if published results in a few weeks time show a profit then the current SP is really cheap and my £5k could become £6k or more overnight .

Let's make it really interesting. As it happens Rio has done me proud at the current market price because I paid £52 around a year ago. Since then I have had the divs mentioned £3.23 and if I sold I would get £57.70 at the time of writing so total gain and therefore true yield would be £57.70 + 3.23 - £52 = £8.93 or 8.93/52 = 17% near as spit. But I ain't selling because I reckon there is more to be had. Merry Christmas all.

Hey gwm, Never forget that div yields go up and down all the time and for you personally it will also vary depending on what you paid. I have no idea where this website gets it's 9.2 from but if you paid £49/share as was the case not so long ago, your yield based on the last year's divs would be 6.6% (£3.23/£49) But what if they pay £5 next year for the sake of argument, which is akways possible; then your yield would be 10.2

"It's amazing how, not only a number of managed funds underperform the market, but also dividend paying investments."

Absolutely zac0, I now regard them as abit like used car salemen, they sound great but you know that you are really taking pot luck. Thus my portfolio consists of companies which regularly pay decent dividends with just one "gamble" of £5k which should bear fruit in the new year.

Not many fund managers are worth the time of day. When I was a pension fund trustee many moons ago our fund manager was so useless (never once beat the index) that we dumped him and went for a tracker fund instead. Oddly enough we used L & G and I am today living comfortably off the pension it provided.

Still cheap of course for a share of this quality yielding 8.5. So pleased that I bought at the silly price a while back.

It's quite obvious that they will soon be back in profit and divs. The 2022 problem happens to all insurance businesses from time to time, it's the nature of the beast. Just bought a fresh trance meself and fully expecting a large jump in SP as soon as the less erudite understand this.

Seeing as the yield is presently around 7% and not the figure shown here I am surprised that the SP is not considerably higher following the excellent pay outs recently.

Sell off of what? This share is finally getting back to where we all know it should be and the correct yield is 1% higher than what is shown here. Still quite a bargain IMO.

One has to remember that Wickes is principally a retailer which means that if they are carefully watching their margins, they will be adding to their cash balance day after day. They do have some borrowings but it looks as though they are steadily reducing that as well as doing the buy backs. With good management this business will look a whole lot healthier in another 2 - 3 years IMO, which could be the reason for Chelverton's interest.

Yes and I heard that some nerk from Motley said he would't buy NWG; well he was wrong n'est ce pas. Not unusual with Motley in my experience; years ago I imagined that they knew what they were doing for some unknown reason.

Of course we know when the next div will be, have a look here:https://www.dividendmax.com/united-kingdom/london-stock-exchange/banks/natwest-group-plc/dividends

Sorry but you can't find out until it's officially announced because it's against stock exchange rules. Expect to read something in the RNS early next year - possibly late February. In 2022 they got hit by the costs of some major disasters which does happen to insurance companies from time to time and thus were unable to pay any dividends.

What kind of driver are you? I have just been quoted £325

Rio will be laughing all the way to the bank with current ore prices.

Ahem, the "yield" depends on the SP which you personally pay and not published numbers. Why doesn't anybody understand this? So if you buy at present and they carry on with their recent divi record you will be getting at least 9% thus making so called bond yields look a bit poor. Personally I have gotten around 12% over the last three years due to buying a low priced nice packet when Boris's stupid covid panic was causing market silliness