Member Info for Kipper9

The pandemic low on 1 Oct '20 was c2,455, surpassed recently by 2,403

This drop seems a bit overdone to me.

Any further fall to the 2,425 level & i will be buying also.

Thanks anon, i searched & missed it.

Update tomorrow. SP at 2,475 now. If it drops to around 2,400 (which is the recent low) i think i may well try a few.

£24 should give me c9.5% return, if held. XD on 21st for c58p.

Good luck all

That's very interesting info Terry, thanks

I thought the FSCS compo applied to my share holding for some reason; so no real need to move some share holdings over. HL charge an account fee of £45/year, though only 15% WHT. My tiny DEC holding of £2,000 will hopefully give me c£414/year. I will pay 15% more WHT with iWeb, so £62/year. Conclusion: not worth the bother.

David, HL say it would be ok to transfer any amount of shares into a new account with them, just need to complete the relevant Transfer Form.

CommKai, i spoke to iWeb but they say it's 'policy' to remove WHT at 30%. Part of Lloyds Banking Group i understand.

Thanks for that.

I need to transfer some shares over to another provider as i am over the £85,000 compo limit with iWeb.

So, will contact them to open an account & 'park' my DEC, META & COIN shares.

So won't be buying, but think there is a monthly account fee or something

Will give them a call

Thanks again

I am with iWeb, who take the full WHT of 30%

Thinking of moving to HL; how much do they take? Hopefully 15%

Finally, i managed to stop my dithering & bought in at 64.07p

3,000, so a nice round number

Firmly bought as a recovery play with a bonus of a nice 15% Nett dividend. I think the US listing & 20/1 will give the SP a firm bottom at this level going forward

If it now tanks, please don't blame me!!

Newbie to BATS. Quick question for you long termers.

I see that the dividend has been increased over the last two years by 1% & 6% respectivly.

Has the company a set plan to continue this increase going forward at all?

Thanks in advance

Thanks Terry, will look into some of those,

Re; BATS, i see the SP is 2,508, with a yearly low only a month ago of 2,403. Soon going XD (21st) for c58p. So, i recon if the SP ebbs away to, say c2,460, i will look to bag a few around it's yearly bottom post XD. That would give me a return of 9.7%, given a constant dividend.

Sorry to be off topic, hope folks don't mind on a chilly weekend....

David, thanks,

very interesting. I dabbed on Dividend Yield and selected Annual Yield.

Phoenix is top dog at 11.07%. I don't have this as i have plenty of LGEN & AVIVA. (5th & 8th on the list)

Second is VOD; which i hold and need more of.

BAT at £25 might be worth a look at 9.25%. This has been bumping along a low of £25 since falling off a cliff from £55 in mid 2017.

I liked RIO at c£48 back in September but, yes you've guessed it, i dithered waiting to buy in lower. £56 now and still returning 5.8%

Will look into BAT; 4 dividends a year i think there

Thanks again

Some really informative comments on this board recently; giving food for further thought.

Don't think i am going to achieve my buyin price of 62.5p. Low on Friday was c63.5p & i nearly pulled the trigger, but dithered (again)

But with this US listing & 1:20 i need to stop phaffing and decide before 4:30 Monday.

So, i recon i will try some (£1,000) at 64p. At a nett return to me in my ISA, after WHT, of 4 X 2.41p that comes out at a 15.05% return. It's a bit like catching that falling knife, i know, but these were at 124p 12 months ago & 92p 6 months ago; so i feel reward outweighs risk.

Am going to consider these to be a capital gain/recovery play, with a chunk of dividend as a bonus.

I have also got a Limit Order in for VOD at 70.5p, which may get filled Monday hopefully. Did have it set at 69.5p but SP seems to be bouncing off that 70p level. 11% yield there, so lower than DEC but maybe a safer share; again, recovery with a nice divi. I have been buying a few 1-2 Year Fixed Rate Bonds at 6% over the last 2 months. Think interest rates have topped out & will start to drop in 2024/5.

Anyone have any other nuggets of mullered dividend shares??

Am going to phone iWeb tomorrow to clarify this 15%/30% WHT issue, out of curiosity. Just tried the chabot thing & got nowhere!

Not sure it will make much differance to me actually, as i'm seeing DEC as more of a recovery/capital gain play.

I like the point raised by Slikoil with regard to seeing the effect the dividend has on the share price and using that to switch to a capital gain.

What i mean is if one accepts the divi it may take you to over £1000 allowance before tax, plus you wait one month for the money. Whereas if you sell pre divi ( so no dividend) you may be able to buy back the shares if it drops 2.41p (or hopefully more)

If it's outside of the ISA tax free wrapper that means you can make £6,000 in capital gain before any tax.

My holding would be in my ISA so does not apply to me, but others may have a differant position where tax is more of an issue.

Thankyou David, last nights close was 68.10p. Minus the 2.41p Nett i would have got in divi, i guess 65.69p might be a reasonable entry point; see what tomorrow brings. Good point about the 11th; i will put that into my diary..

Some have said that the US listing might be a turning point in DEC's fortunes; i guess there may well be something in that..

Hi pard, the point i was trying to clarify with regard to the dividend was also that although it is 4.36 cents, or 3.45 pence, after the WHT (@ 30%) you will only receive 2.41 pence to you nett. So the SP only has to drop the amount you receive, and not the gross amount, for you to consider buying back in.

Others might be able to put me right on this.

I may have just 'baffled' myself with numbers..

Slikoil, hmmm, i was mulling that over earlier; ie, whether i should consider any purchase of DEC for my income p/f, or just as a straight punt on some capital gain. Any shares will be held within my ISA. Doesn't look like i will achieve my target buyin of 62.5p now anyway

Have i got this correct? The dividend is 4.38c. This comes out at about 3.45p. But after a mullering from the 30% WHT you will actually get 2.41p nett paid to you at the end of December.

Or have i overthought it??

Terry, yes, VOD have a new CEO. I hope it isn't going to take her 6 years to 'save the company' as your chum Jonathon Lewis has at Crapita...lol. Taking the share price from 230p to 19p now. Oh Jesus!

Speaking of him i see he will be looking for a new project after 17th January, when he gets replaced.

With over two decades experience at Halliburton he may well end up here at DEC.

If he does then sell all & short as much as you can get hold of Terry

Pickedp, yes, i have Av & LGEN in my income p/f. Had too many LGEN so sold a few at 230 the other week. Basically, i kept buying on the way down & had just too many. So the one's at 207 went. A few ITV, which i won't add to, but need to up the VOD amount; for the divi & as a recovery play med term view.

I looked at Imperial Brands at £16, but dithered. Now £18.50. S*d!

Also BHP. Dithered on those too. After getting into Capita a time ago and now looking at a paper loss, i am more cautious.

Might come with age too at 73 now.

Am really in a quandary here. I want to buy into DEC, i do, but am just reluctant to push the button. Maybe some others that have bought in previously are considering buying the drop; same feeling.

Now, i am no Bobby Axlerod, but why would a share drop 2.71% the day before XD? The SP theoretically should rise as people buy for the impending dividend. So far it's dropped close to the 64.65p (close minus dividend of 3.45p). Is this the bottom?? Who knows.

Ok, so the recent (all time??) low of just below 66p came with the dividend. Take that off and i have a target price of c62.5p.

Think i will let the SP make my decision for me.

Am also hoping to top up my existing holding of VOD. It's only 6% of my income p/f, which i want to increase. Only paying miserly 11% dividend return but it may be seen as a safer bet than DEC.

It was Warren Buffett

Pardariff, think coming to the DEC party late might be lucky for me, but i certainly feel the pain of others that are suffering a capital loss just now

I hold Capita, & have for a few years, currently 19p & i need 30p to see any return. Plus no dividend to ease the pain...

My position on this WHT issue is quite simple, and some may take a similar view.

If the SP drops XD tomorrow by the same amount as the dividend, which is around 3.45p, that will give me a buy-in price of c66p(lower if i'm lucky)

At 66p, assuming the dividend is held going forward, that is a 26% return.

I'm with iWeb, who take the full 30%, but i will take that on the chin if i have to, as that would still give me a 18%+ return.

Also, at 66p, i recon the risk/reward will (hopefully) give me some capital gain.

For perspective, i am only buying £1,000/£2,000.

Chickenfeed to some on here, i am sure...

Thankyou Terry, lots to consider there; will comment on more when i have done so

My preliminary digging this morning has included the dividend history & % return. There appear to be quite a few good folks on here with extensive experience of DEC, so i hope you don't mind me posting to the board for comment.

Source; DividendMax

2019 dividend of 4 X 3.40c (differing payments, so have taken an average accross the 4)

Increased in 2020 to 3.56c; so divi increase of 5% on year

2021 was 4c; divi increase of 12.5% on year

2022 lifted again to 4.25c; & again up 12.5% on year

2023 is 4.38c; so up 3.5%

DividendMax boast a 93% sucess rate at predicting future dividends, but alas, you have to pay for Premium service, which i do not.

On the face of it this steady increase is excellant. Assuming my data is not flawed.

Also, they have the current return at 19.34% (that would, i assume, be at 71.30p)

So, an entry point of c66p, a recent bottom, would raise the yield to 26.5%....do i have this correct??

Less the 30% WHT = c18.55%

Later today i am hoping to find time to look at the past few years accounts on the DEC website.

Am no accountant by any stretch, but hope to get the general direction of things.