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Clearly the news over the weekend of a judicial review of by pension liabilities indicates the figures may not be great. There is alot of talk about dividend being cut. I think if they decide to cut ( I'm optimistic it will stay intact) I doubt it will be by much. Higher interest rates will arrive and will reduce the debt quicker than bt can increase contributions ( and the rate rises don't need to great). Gav has nailed himself to give and will have received the II phone calls already pressing the need for dividend to remain untouched. I'm here for long term...I think 3 yrs from now we will all be saying what an amazing entry point today's share price was... It will all work out....just don't have a time line
Fully agree...this will turn but not quickly...enjoy the dividend :)
All shares move up and down. To put a time frame on it is just a guess.... Peter Lynch ..famous fund manager is quoted as saying he rarely makes money in week 3 or 4 of owning a share, and usually not in month 3 or 4.....but by year 3 or 4 of ownership he has a handsome reward. Point 2... if the slater income fund sees fit to have ITV as the 8 th largest holding (>3%) I sleep easy......a very well run fund. Clearly if ITV disappoint I assume your selling up? Each to their own....that is the beauty of shares.....I'm here for 3-4 years, collecting and reinvesting until I think the value is excessive....I'm confident
I am long here and really hope for a reversal of fortune... The pressing concern for me is the diluted eps of 6p per share in the last update. With a 12 p dividend that means CNA is paying out 12p but receiving in eps 6p... Clearly not sustainable for long.....next results v important to show diluted eps growth ( ignore adjusted eps of 12 p as is too easy for a company to exclude one of write downs etc)
Doubled holding today to 400 .... To be fair I considered BAT bye P/E here seems cheap.....read the Feb interview between CEO and credit suisse...she stated money to cover the dividend was not a concern....reassuring
This is the wrong share if you want excitement....but steady progress I will take :)
Nick...your welcome...but I'm no Warren Buffet. 3 things I personallyrecommend -always stick to draw 100 and some good 250 companies (stay away from AIM stocks....complete lottery and corrupt market place--- I learned the hard way 2 stay away from leveraged positions... 3 get as much as you can in your yearly ISA allowance. Good luck
Hi Nick Personally I would never buy a share " purely" for the next dividend....you already have the 8 p in your wallet...all CNA do is take it off you on day after XD and hand it you back in June.... If you have conviction in a RE_rate and are willing to hold ( my position but may not be yours) then buy option sounds reasonable.and reinvest on DRIP..but you you won't miss out if you buy day after XD. Final option is sitting on fence..50% buy pre xd and 50% cash invade RNS is not what we hoped for....you can then buy more at lower price. Fwiw I think can are undervalued to 1.80-2.00. Region
Hi Nick 148 is now support . However come X dividend we drop 8 p regardless. To go into XD 156+ puts us on/above support which is good. If we are below 156 on XD the we open up below 148...not ideal as resistance will be RE- created out of failed support ( albeit the crossing over is artificial due to XD). Either way 148 resistance will not be as strong as last time. FWIW I think we will be clear of 156 prior to XD (assuming no major geo- political issues Syria/ Israel & Iran tango dance etc..etc..) Cheers N
Thanks Freya....I'm a bloke but fully agree with your points. I can think of many reasons not to invest too...bricks and mortar business, v old fashioned, loss of market share , falling rps and profit etc.. But they have resilience. Have been around for over a century are moving to 30% internet and are cheap... will keep thinking.. To get back on topic can just breached 156...great news...if we can stay above then come ex dividend day we stay above old but very persistent resistance ( now support) of 148... Apologies for off content discussion..