Member Info for FRTEB

There are virtually no cars in the UK that run on hydrogen. In Japan there are, and there are therefore more filling stations. I think it is only recently that Toyota (I think it was) announced the launch of a hydrogen powered car in the UK. I also recall there is one other manufacturer in the market in the UK (or about to be).

A quick google - yes - Toyota: https://www.toyota.co.uk/new-cars/new-mirai/

What we have at the moment in the UK is all-electric cars competing with... nothing (except the ICE). If hydrogen fuelled cars become more widely available (and I hope they do) then I can see them becoming more popular than battery powered cars as (with enough filling stations) there won't be the range anxiety that there is with battery-powered cars and hydrogen tanks can be refilled in about the same time it takes to fill a petrol/diesel tank. So there are large benefits. There would also be large benefits to the big oilers who supply hydrogen as it keeps motorists dependant on them. So I see no reason for big oilers to suppress it.

What we need is more choice and availability of hydrogen cars. The hydrogen outlets will then be installed. Shell is already on the case and I believe BP is too. But until one technology or another becomes the de-facto alternative to the ICE no one wants to invest large sums in infrastructure. It reminds me of the early days of Betamax Vs VHS - there is still a long way to go.

A positive update from (the related) AEWL today - https://www.lse.co.uk/ShareChat.asp?shareTicker=AEWL&share=Aew-Uk-Long-Le

No black swan needed IMHO. Despite the media elevating Greta to god-like status and the extinction rebellion terrorists causing relatively minor disruption oil and the need for it for the foreseeable future isn't going to go away and IMHO history will view the economic disruption caused by the Corona virus as nothing more than a temporary blip.

Step back people, look at the bigger picture. The end is not neigh. There are buying opportunities abound at the moment. I already have a sizeable holding in RDSB - currently slightly underwater - having averaged in several years ago and enjoyed regular and substantial dividends ever since. IMHO this pullback is a buying opportunity. Buy in tranches so you have some skin in the game and don't risk missing the boat.

For disclosure I recently bought into NESF and FSFL (both solar energy ITs) to add to my renewable investments. Along with RDSB and BP holdings I think I'm well covered for future energy requirements and with RDS and BP both having solar investments and BP recently pumping more cash into Lightsource there's potential for takeover activity as the oilers gradually transition away from fossil fuels - but this will be a decades-long process so I've positioned accordingly. DYOR, etc.

With the recent pullback in share prices I bought into FSFL a couple of days ago along with NESF.

I now hold six renewables including BSIF, TRIG, JLEN + GRID (energy storage). With growing environmental pressure on the big oilies I wonder if any of the renewable companies are potential takeover targets? I hold RDSB and BP so have a vested interest.

With the recent pullback in share prices I bought into NESF a couple of days ago along with FSFL.

I now hold six renewables including BSIF, TRIG, JLEN + GRID (energy storage). With the pressure on the big oilies I wonder if any or all of the renewable companies are potential takeover targets? (I hold RDSB and BP).

" The Board's actions, together with the Group's contracted rental income from our portfolio, enables the Board to reaffirm its current target annual dividend of 5.5 pence per share but one that it expects will be on a fully cash covered basis from 1 July 2020 with effect from the financial year commencing 1 July 2020. The Board is confident that the changes to the Company's service providers will achieve a saving in the region of half of the Company's historic level of recurring annual overhead cost, whilst potentially enhancing service levels.

The Company is now well-placed to deliver to our shareholders attractive, sustainable and fully cash-covered dividends over the short and longer term, together with the potential for income growth from its diversified portfolio of UK property investments, the majority of which are let on long leases that contain inflation-linked rent uplifts.

The Board, along with the Group's advisers, is continuing to seek longer term solutions to expand the Group, including the introduction of new capital, and to deliver further shareholder value. "

Excellent!

At today's SP of 73.50p this equates to a dividend yield of ~7.48%. I'm already a holder, but if I wasn't I'd be looking to buy in but DYOR.

Pastyc, no one can tell you when to buy or how safe the dividend is. You have to make the call yourself. However...

Shell hasn't cut the dividend for many, many decades - that's why it's known as a share for widows and orphans and 'never sell Shell' as the saying goes (but never say never!)

As far as the price to buy goes, well, who knows?! It could well go lower, but what if it doesn't? You'll kick yourself if you end up missing the boat. That's why it's always best to buy in tranches (unless you're as sure as you can be that the bottom is in - good luck making that call !!!)

So, here's an idea - decide on what percentage of your pot you're prepared to put into RDSB (or any share) and then split that amount by say 3 or 4 equal amounts. Then invest your first tranche. ...IMHO RDSB at circa £19 for a first trance is a good entry point. Then do nothing other than check the share price once a day and no more. If after a few days or weeks the share price moves to, say, less than £18 or more than £20 then consider buying another trance. Repeat until you have your 3 or 4 tranches. Or come up with your own plan. But, have a plan! And stick to it - keep your emotions out of it - and never, ever fall in love with a share.

Good luck.

To add to my list of (commercial) REITs I bought my first tranche in PRSR today. A Private Rented Sector buy & build to rent REIT with thousands of individual tenants, a 5p dividend for the current year and 5.5p targeted for next year. At the current asking price of ~90p that's a dividend yield of 5.5%, growing to 6.1% next year.

More info here if anyone is interested https://www.theprsreit.com/

Interestingly, today's bid/ask spread was 88/90 (no change) with my buy going through at just under 89p. However, it's showing as a Sell on LSE and HL websites. So are all the other trades within a smidgin of my trade. I assume this is because the trade price was below the mid point of the bid/ask spread. ...So be careful if looking at the number of 'buys' or 'sells'.

Hi pastyc

RDSB is one of my largest holdings. I've traded it on and off over the years but eventually ended up with a sizeable holding at an average price I could live with. BP - I just bought two tranches as a long term buy and hold. Both companies will eventually transition to green(er) energy but I don't think the path is as clear as some make out. Will it be 100% electric (I doubt it) or will hydrogen play a part as it already does in Japan. Could be a bit like Betamax vs VHS! Either way, oil isn't going away any time soon. Both companies are here to stay - notwithstanding any disasters...

I also hold LLOY (+HSBA), PFG (Provident) and AV (+ LGEN, DLG, HSTG and LRE to name a few others). I also invest for income and although quarterly dividends are good, in practice with a reasonable number of holdings it doesn't really matter but you'd have to assess your own portfolio to look at the overall dividend schedule throughout the year.

Your Provident holding illustrates the point of not putting too much into any single company. No matter how good you are at stock picking, there will always be the odd munter. I don't worry as long as the portfolio as a whole is doing well (which fortunately it is). FWIW I think PFG's troubles are behind them (famous last words, I know...) and the SP seems to be gradually recovering, as will the dividend I think in due course.

Have you also considered the renewable sector? I have holdings in BSIF, TRIG, JLEN (all bought a long time ago) and GRID (bought recently). All offer good yields and several have an element of index-linking of the income = YOY increasing dividends. Most are trading at a premium though (they're investment trusts). I also have my eye on FSFL and NESF...

I would echo the sentiment in the previous replies regarding splitting the 100K 50/50 between BP and RDSB (assuming you're in the UK where RDSB makes more sense than RDSA). Disclosure - I hold BP and RDSB, amongst others.

However, is this 100K the sum total of your investment portfolio or new money being added to an existing portfolio? I ask as I would be reluctant to put more than say 6% into any single investment (maybe a tad more for the ultra-large caps, but not much more).

My portfolio is well into six figures and I currently have 56 different holdings (down from 70+ a year or so ago). Diversification is key to protect your wealth - glad I didn't have 50% of my portfolio invested in BP when Macondo blew in 2010 and the share price halved, or 50% in Enron... I did have a holding in Carillion when they went bust. I frowned, gritted my teeth and cursed, but I didn't lose any sleep. We live in an uncertain world - anything can (and often does) happen - so rule number one - Don't Lose Money (or at least try not to).

Both BP and RDSB look good value to me at present prices, but that's not to say they won't be much cheaper next week or for that matter much more expensive. With 100K burning a hole in my pocket I'd resist the temptation to blow it all in one go. Instead I'd be buying in tranches to try to average out the inevitable ups and downs.

Bear in mind anything you read on any discussion forum cannot be taken as financial advice - you must either make your own decisions (and accept responsibility for them) or seek professional advice.

Good luck, and please let us know how you proceed.

"5% off seems a bit of an over reaction....buy the dip"

Dip? What dip? Blink and you'll miss it. Call me cynical but I think AZN is only going one way (up!) and this morning's OTT reaction to the results is pure market manipulation to enable buying at lower levels. I'm in (have been since the very low 30's) and have no intention of selling unless something really bad happens - and this morning's results definitely don't fall into that category.

Good luck to all.

"A cruise ship has to be one of the better places to be quarantined."

...unless you own the cruise ship.

No idea, sorry. I bought mine via AJ Bell. And I believe IG and HL also allow trading in GRID. Time to get yourself another broker?

Interesting. I looked at GSF and GRID but in the end bought into GRID. There's a very interesting video - linked to on the GRID discussion board - that explains their business model.

* disclosure - I hold NRR, BLND, RGL, AEWU, RDI and WHR.

Illiquid assets in open-ended funds aren't a good match, as recent events with Woodford's funds and now property funds have made clear. The FCA are said to be looking into this issue. I can foresee restrictions on fund managers' ability to invest in illiquid assets of all kinds including property. Logic suggests this will drive cash out of property funds and into REITs as many investors will still want exposure to property.

So it's easy to build a case for long-term increased demand for REITs purely due to this effect alone. But clearly the health of the wider property market will be the bigger factor. For new REIT investors coming from property funds it could be argued that it would be wise to avoid retail property, but the contrarian in me sees the current low values attached to retail property as a possible buying opportunity - assuming loan to values aren't a pressing issue. As always diversification is good - NRR, BLND, RGL, AEWU, RDI and WHR all offer good yields and diversification - holding a mix of retail, office, hotels, pubs and warehouses. It's hard to imagine that this lot will go out of fashion in the long term (yes even retail, IMHO). But as always DYOR.

Patience grasshopper. Property in general not flavour of the month at the moment. Sit back and enjoy the dividends. The capital growth will come, albeit perhaps slowly...

A late reply but better late than never... SMIF send out these offers to buy back shares at a discount quite regularly. Just ignore if you don't want to sell... no action required. If you do want to sell it would be worthwhile getting a market price first before accepting SMIF's offer. In the meantime just sit back and enjoy the dividends.

I = *I'm*

I surprised there is not more discussion of SDRC. It has served me well over the years. Having said that there is not much discussion on the SDR board either! https://www.lse.co.uk/ShareChat.asp?ShareTicker=SDR&share=Schroders