Member Info for Gerry557

"Now at a 5 year low"

£32 back in Jan 17 just sayin!

"Why did it not make an offer when GSK was at rock bottom??"

I think they had to wait until GSK decided they wanted to split off the consumer side. That eventually happened when Emma W took over and it looks like ULVR have been trying for a wee while to get something sorted. Maybe the news has been "leaked" to flush out another buyer and or to pressurise ULVR into a higher offer to get the deal over the line.

Well at under £37 I decided to add a few more. I contemplated selling GSK up today and swap for these but decided to stick with the plan. It might fall further yet.

I do wonder how many flip flops of the two shares might be in the offing though

I was waiting for the annual dip in the SP to top up. It was going well ish until the news got out.

I own both GSK and these and thought that they would find a fit of some assets. The offer makes sense but I'm not sure there will be a simple compromise.

Normally a big premium is offered to sweeten the deal and get it over the line. The SP would take a hit, woop woop my dip appears! GSK share price rises, often expecting another bidder to start the war. Although not so in this case, a slight premium offered.

So what will happen on the open? I expect GSK will push higher but I'm unsure what will happen here. Is it a bit in no man's land.

I also have mixed emotions, my heart says don't sell to the cash rich US corporation keep it owned here but my head says get the best price which means that holding both will mean shuffling money from one pocket to another unless the head wins.

If it sticks at £3, then reinvesting the divis should pay..... Errr dividends.

I'm hoping to get into credit this year.

Is that an echo???

Hi Card player, I suppose my next task is to guess what the dividend might be or just wait for the surprise when it's announced.

I have just opened a position here but looking at the threads it looks like I will be talking to myself.

Reasons for buying, NAV discount, expected increase in divi which is paid quarterly, new properties purchased and an expected re-rating hopefully in the not to distant future.

As the SP has risen to almost highs in such a short time, I've taken the opportunity to cash in. The main reason was to get my holdings into just one broker which is now done. The SP rise in addition to the extra holdings has also taken me over my own set max holdings so technically I would have had to sell some or bought a lot more of other shares to bring it within tolerances.

Sods law says the SP will continue to rise now. I didn't expect my first bit of dealing this new year to be a "sell"

So Happy new year all and now need to find a home for the newly released funds, that not this or any other holdings that are in other brokers. Might have to be a new Investment trust or IPO

Well I'm not planning to buy anymore or anything for the rest of the year but Mr Market might have other plans.

I'm expecting the usual drop in the markets post the new year and hopefully adding some Ulvr in the spring drop that it regularly takes.

This might get a dip addition at some point.

I know Pennon were overpaying for Bristol but it's not going smoothly.

I'm not sure if this is good news. It might stop them wasting shareholders dosh and eventually do some sort of return.

The more likely scenario is Pennon giving ground and coming to some sort of arrangement otherwise how do they grow or why even sell Viridor.

I'm still not back in and increasingly looking less so. A santa rally and covid probably dissuading me adding to the interest rate rise concerns. Sods Law say whatever I do, the opposite was correct.

The loan was just above the target percentage too. Although they don't see it as a concern. It does sound like they want to complete the step change moves before doing anything else.

Just read the Edision report. I think it covers most of the issues we have discussed on here recently. Divi cover 99%, close watch on dividends aka scalping and 9% of income from other means. Returns for NAV poor from 2020.

So no surprises. It all depends on whether you think it will go they way they expect or it will keep falling and they are barking up the wrong tree.

I suppose it depends on your time line. Over 5 years the SP is down just over 12% but you have had 5 years dividends so suspect you would be ahead.

Over two years its down slightly more with even less dividends. There was the covid dip in March 20 so would have been down over 30%. Still would have been a great buy!

My less then 6 months, Im underwater even with dividends but I need to give it a bit longer to pan out rightly or wrongly. I suppose if it holds around this level and doesn't fall (288) further things will be ok. I dont know how much growth you need/expect, as well as a 7% dividend.

Now you have been through all that, are you selling up or buying more.

This reads more like Dividend scalping not Dividend washing.

Washing involves double dipping tax credits using a legal loophole which various places are trying to close.

I can see where you are coming from and you are correct, its not a long term solution in the way you say it plays out.

Alternatively buying in the quiet period, months prior at say 95p waiting for the shares to rise as it approaches ex divi and then selling at £1 might work. You might even collect the divi and wait for the ex divi price to rise back to the normal level quid level and double dip if you have the funds free to sit and wait a few months.

Can you confirm which you are concerned about scalping or washing just so we are talking the same conversation.

Hfel report that turnover of shares was over 100%, this was down on the previous 120% turnover. So buying and selling seems to be more of a norm, well for the past couple of years. You might have noticed a change at some point.

I suppose it depends on what happens with China and if this follows any improvement their.

As for dividend levels, a certain Mr Buffet would argue not to pay any at all and reinvest all income into the business.

Another 50k so might get interesting

Rio Ex divi Paid
Interim 12/08/2021 23/09/2021 376.00¢
Special 12/08/2021 23/09/2021 185.00¢
Special 04/03/2021 15/04/2021 93.00¢
Final 04/03/2021 15/04/2021 309.00¢

BHP
Final 02/09/2021 21/09/2021 200.00¢
Interim 04/03/2021 23/03/2021 101.00¢

thanks LSE for getting rid of all the spacing's making it difficult to read

Ade2a
From the monthly factsheets, % of fund and fund top 10 positions
RIO BHP
31 May 3.8% 2 3.7% 3
30 June 3.9% 2 3.8% 3
31 Jul 4.9% 1 4.2% 2
31 Aug 3.5% 4 4.4% 1
30 Sep 3.1% 6 3.2% 5
31 Oct 0% 0%

Looking at rough SP for each, both have dropped over 20% in the time period. It looks like they were building up then selling off before getting rid of the lot. I suspect some were sold at a loss. They might have rules to limit losses and the falls in SP triggered the sales.

The floor is open for other interpretations