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I notice that this report (and almost all reports, if not all) don't quote dividend cover, does anyone know why?
Here's my calculation for HSL's dividend cover, I would very much like comments on whether this are correct or close enough.
I'm working off the RNS so no page numbers. I'm using the values from section 4 of "Notes to the condensed financial statements".
Net revenue profit: £9368000
No. of ordinary shares: 74701796
Net revenue profit per share: 936800000/74701796 = 12.54
Which turns out to the value labelled "Revenue earnings per ordinary share", omitting the all important word "net".
Dividend cover = 12.54/7*100 = 1.8.
Which is good.
The sp rises significantly on any good news coming out iof China, especially loosening of Covid restrictions. I'm expecting a big turnaround when restrictions are lifted and the Chinese economy starts moving again.
Trading in Revolution Beauty shares were suspend on 1st September, the CEO and Chair step down on 9th November. Nothing similar had happened at Wise, in fact the sp is recovering nicely. There is absolutely no comparison.
No, Oxford Nanopore is still listed.
So the trust announces guaranteed increase in future income plus backdate amounts and the share price goes down. I give up!
Up yesterday when the market was down, down a lot today when the market is up. Something strange is happening, I haven't seen an IT go this bad since March 2020.
Off the top of my head there's a cap of 4% and collar of 2% apr. for most tenets.
It's a shame the share chart on this site doesn't adjust for the share split, it's the only share I've with a consistent positive trend from day one. I have to force myself to stop topping up otherwise it will dominate my portfolio.
There are many reasons to buy this share now and many reasons not to. It depends where you think the Chinese equity market is heading. I'm currently sitting on a loss and averaged down as far as I'm prepared to go. In my opinion the Chinese economy will continue to grow, its stock market will continue to mature and this share will follow. I don't see this growth being as dependent on Western countries as before.
The inspiration was an article in last week's economist bigging up India and suggesting that they will taking more business from China. I bought the Ishares MSCI India tracker, 0.65% fee so a little high.
It was AGM voting time this week which leads me to look at the holding of non-executive directors, I generally vote against NEDs that don' t hold shares or very few. I was amazed to see how many shares the RGL NEDs own, one has over 2.2 million the others are in the hundreds of thousands. It's good to see that they have a shared interest with the other investors in looking after this trust. Very much a long term hold for me.
Yes Agricore it's really harsh, especially against the unaudited NAV on the 21st March. Hopefully just panic selling and not an indication of the future NAV. I'm too heavily invested to the add any more but this should be an excellent entry point for new investors.
ii allow users to edit the book cost, so multiply the pre-consolodation shares by 1.0169 and subtract this from the book cost (this is the amount of cash to be returned). The % gain should now reflect the real situation.
It turns out the Mexican government voted to nationalise Lithium on 20th April. Looks like we all dodged a bullet there and it goes to show that some doom mongers we're correct. Maybe the board knew more than they let on and in fact shafted Ganfeng.
From Standard Life Private Equity, SLPE.