Member Info for Gerry557

I think the dividend overall reduction, possible windfall tax and recent market movements have hit this slightly more than expected. If you want to add more, falling out of the index and the trackers selling might be a blessing in disguise.

I suspect as covid becomes a non issue things will improve due to less costs and being able to bring back a special. Windfall tax will be a know unknown later to day

D27

Unfortunately I have not been as attentive with the markets recently and missed most of your posts.

Wasn't it just shy of the target you mention at the end of last month or are you saying it has still to breach this line. Out of interest what or where did this line come from.

Looks like your call is holding up. I have noticed the market seems to dip post Xmas high and in summer but dates don't alway match up. I have been trying to "expect" them and add to the PF at those times. Partly why I have added now. More in summer then?

I think the writing has been on the wall since the start of this next round announcement and now as expected divi rises will be limited even more by the change in inflation measure. There has been an effort by all regulatory bodies to stunt various aspects skewing the risk reward ratios.

We all want cheaper bills, constant access to utilities and for investment into better services but it has to be paid for and the loanee wants a return in higher dividends

I'm not advocating selling but was reluctant to top up in the dip.

I suppose it credit agencies and debt that will decide where this goes now

TheThinker "as a long hold safety stock which would also give a dividend."

What has changed apart from you paying a high ish price. It still pays a regular dividend and doesn't look like its gone high risk or about to fold soon.

Yes margins have stalled and the board have forecast that things might not improve much next year so that high price has fallen back somewhat. Even now I think its "expensive" relative to some. As for cleaning sales, I suspect it offset by lack of ice creams.

As for "You'd expect both of these to be outperforming expectations but both shares offering very poor yield." Why would you expect ULVR to be outperforming expectations? As for poor yield you should have a running yield around 3.2% which isnt bad and has risen since you bought. You were happy to buy at that lower yield!

If you were happy to pay £46 why not £38? Unless it a lot different animal to Oct 19. Hopefully the divi will keep on rising slowly over time and its that scenario that makes it a winner. The share price should hopefully recover too assuming that this is a slight slowdown rather than a serious downturn in operations.

If you want high yield there are other shares (I have some of those too) but you wont get the SP growth and often the divis dont rise much. NG. more to your liking?

Showing as 4106 this morning, maybe it's that getting out of bed on a Monday thing website.

Whilst I expected a small rise after last weeks events, even if it then returnes to its down trend in a couple of days, I suspect its gremlins or poor design.

Unfortunately it's still quite low down percentage wise in my PF. Partly due to it doing so well over the years. It's always been "expensive" I remember saying 32 quid was too expensive then Uncle Warren offered £44.

I know times have changed somewhat and the outlook is less rosey or ulvr. Hence why I decided to accumulate a few more. I missed the market news of the day regarding bonds and had planned to buy later in the day as Fridays seem to end lower or put a limit order if it reached 38.

I just have to be careful I don't take a small winning position and make it a larger loosing position although it will be nice to have extra divis along the road. The divi growth had been good but I expect it to slow a tad. The good news is it doesn't have to grow as far to get to seven percent.

This might have further to fall if Mr Market keeps getting upset. I just hope my pocket is deep enough to keep up.

Well it continues to drop from highs and my last top up is under water so I have added more at £38

Wot next £36?

I note lloy has also restarted its divi today. I found the comment they it was set at the maximum the PRA would allow quite interesting.

Again it's cut, not quarterly and going forward dividends will be accrued not paid out.

There is hope that post the stress tests further payouts might be increased.

From the results - : "The Group will not be paying quarterly dividends during 2021 but will consider whether to announce an interim dividend at the 2021 half-year results in August. "

"The Group will review whether to revert to paying quarterly dividends at or ahead of its 2021 results announcement in February 2022."

"Dividends for 2021
In December 2020, the PRA also announced that it intends to transition back to its standard approach to capital setting and
shareholder distributions through 2021. In the meantime, for 2021 dividends the PRA is content for appropriately prudent dividends to be accrued but not paid out. The PRA aims to provide a further update ahead of the 2021 half-year results of large UK banks.

The Group will not pay quarterly dividends during 2021 but will consider whether to announce an interim dividend at the 2021 half-year results in August.

So its a pretty poor result for dividend hunters, its cut, less often ............ but there might be some jam the day after tomorrow. Best I purple out my expected quarterly income from this on my spread sheet and pencil in a couple of small payments instead!

Contango, I don't want a takeover offer ...... unless its mine!

I'm glad the last one failed.

Might be joining you

Topped up, where's the edit

Well after moaning previously that £30 was too expensive Ive topped up at £40.

The Sage was willing to pay £44. Still probably a premium but I need to balance the PF. I dont normally average up but as Im getting over a seven percent yield on the last lot Im hoping these will grow into that area in a few years.

As for £37..... Yes please but I think Santa is a long way off.

I've opted to take my allowance but thought that it would tell me when I had to have cleared funds available.

I might have to recheck the details on Monday in case I missed it.

Separation costs

From Q2 2020, the Group has started to report additional costs to prepare Consumer Healthcare for separation. These are estimated at £600-700 million, excluding transaction costs.

Not a cheap way to make savings???

The BB is full on right now, hundreds of posts to go through so will try and catch up at the weekend. Not sure about the split, normally its combining companies with associated cost saving synergies. Happy to be corrected and its what Woody wanted years back.

Still this drop in price has allowed me to top up @ 1266, just a few mind.

The split and divi reduction has been mentioned and from memory it might been as far back as a couple of years ago now so Im surprised at the surprise!

Depends if you think buying the other company is in your best interests.

Yep the dates were a little confusing.

Record date for entitlements under the Rights Issue
Close of business on 27 January 2021 Ex rights 2nd Feb 21

Zara you can always buy them back now and it might get cheaper

Read the RNS it has all the dates. Ex rights today hence the SP fall

If agreed, later you will get the option to buy by your broker. Decide what to do and add cleared funds to cover the amount you can buy before your brokers cut off date.

Of course it could get voted against! Unlikely but would create some issues all round

Relatively Positive update today bucking the market downward trend.

Rents still being collected and some increased mainly the "normal" worry on retail. Hopefully with spring and a vaccine approaching things will start to improve, hopefully not to late for some.

I think it a case of waiting and waiting until the improvement arrives, till then you have a reasonable quarterly dividend to look forward too. I don't expect much change in that currently.

For or against! Well its your call really depending on your circumstances. If you cant take part in the placing for any reason combined with the cut in dividend and share price drop I can see why you might be against it. There is also risk of implementing the strategy or it going totally wrong.

Conversely if you can take part, cheaper shares are always nice to acquire but why are they so cheap? Why do icap feel that they need to do this. Is it short term pain for longer term but bigger jam tomorrow. I dont know Liquidnet very well apart from some simple bits shown here on the placing. In fact I'd not even heard of them until the deal was announced, happy to keep collecting my divis. Why not borrow the lot? why not placement the lot?

Maybe I should take my head out of the sand a bit more and look closer but I suspect its a case of "Fait accompli" and that there are people more clever than me that think this should go ahead or at worst needs to go ahead to stay relevant or keep running on the spot etc

Some posters on here seem well enamoured with Liquidnet and hopefully they are right but if its "that good" why is it being sold?. As the cut in divi and SP drop have already happened, Im going to take part and hope that the "story" completes and that the dividend will recover in time with those extra shares then adding the bonus.

I suppose the question is what will happen post the ex rights date and how hindsight will suggest the best time to be buying extra shares ie pre rights or afterwards. Tcap is currently a relatively small part of my PF and will be slightly bigger soon. Lets look back in a couple of years time and see if was a no brainer or barge pole event.

Currently just under 196p now with the buy options, maybe I should have waited a little longer