RE: Centamin15 May 2024 13:53
Many thanks Mr Tibbs
My theory with Hunting is that they sell equipment to oil companies. A bit like the theory of selling equipment to prospectors rather than being a prospector your self. Similar to my feeling of buying gold miners rather than physical gold . Gold is a good store of wealth but not an asset, in that it produces no income . In the same way a good house that you live in can be a store of wealth . I did feel that buy to lets we a good asset to hold but one needs to be careful about how to hold buy to lets . I now have to pay for my wife carers because she is co owner of our buy to lets . Still I am lucky to be able to pay and to have her home. On a happier note another grandchild safely delivered this week :) . Although the parents may need my financial help in buying a larger house !
Oh yes and Hunting do pay a dividend . My late father was keen on shares and Isa's he almost never bought a company that did not pay a dividend.