Member Info for Opium

Swapped Black gold for Blue Gold.

Swapped Black Gold for Blue Gold.

Top-sliced some BG. to buy more PNN. Reducing risk & a better divi.

HSBC,Std Chart., LLOY po next year, are attractive, but I have avoided banks since Northern Rock & the US/world debacle. I want more TSCO & PNN at the moment.

Put some divi. cash to work, increased holding by 50%.

My PF current value:- TSCO 20%, VOD 15%, UU. 10%, DRX 7.5%, SVT/NG/CNA/PNN/BP/BG/BHP/GlenX about 5% each. 1% in Gilt 8.75% 2017 fixed rate. If your bond is only a small % of your PF I would keep it as a hedge against the inflation which must return eventually.

At first glance your PF is well diversified by sector,(assuming equal weighting), but personally I try to decide the Tiger of the Sector and don't bother with a 2nd choice. For example:- TSCO for [TSCO/SBRY], BHP for [BHP/RIO], VOD for [VOD/BT], are my current choices. My only non-AIM pharma is Shire, an M&A play. I have plenty of risk arbitrage (M&A) plays for smaller, non-core amounts. AIM is about 5-10% of my PF.

What is your point? If you believe these figures, don't bleat about it, make a decision and SELL. M&A potential alone means I would NEVER sell this core holding of my PF.

BTW, 'dividends mean damm all', is the stupidist statement I have ever seen posted from a so-called investor.

I know my own mind. You ***** about stocks you allegedly hold but you won't sell. This makes no sense unless you are shorting.

Assuming you are not shorting SSE, your course is clear. You post::- a) The SP will fall to 1500 & b) SSE will have to cut the dividend, you must SELL. Let us know when you do.

This is your second attempt to patronize someone with 50 years of stock market experience. MY broker is the man in the mirror. And it's not research to read a newspaper or two. What you 'forsee' is based on the feeling in your water, as far as I am concerned.

Energy price rises to pay for infrastructure/'Green' tech. are inevitable, IMO. That may help cash flow. HMGOV's priority is to keep the lights on after years of cock-up decisions. I'm perfectly aware of report, still a buyer, where can you get a dividend yield like this? If it goes down a bit so what? My savings account is paying 0.something, a minus rate to inflation. Are you waiting til next year to buy some then?

What annoyed me about this article was the phrase 'bound to hit problems', WHY? The conversion has been planned for years, the pace is accelerating now HMGOV has got off the fence and signed to pay DOUBLE for biomass power till 2017.There was also the suggestion that Coal generators would be paid to be mothballed rather than shutdown in order to keep the lights on, while HMGOV dithers about Nuclear.

I never worry about the div-ex-div argument, I don't believe it makes much difference. I look at my original price for a stock and try not to pay more. I have 3 water companies, so I look for a faller to add to rather than a riser.

It seems to me if one holds utilities, one should hold the lot, particularly WATER and DRAX. So when the next M&A approach comes you have got it covered.

See if your broker can get you some magic beans as well, any reason for this unlikely downgrade?

Been watching our lady CEO on the box, impressive, IMO. DRX contracts extend to 2027, which should see me out. Carbon Neutral Biomass costs 3 times the price of coal, but HMGOV tax on carbon production will climb from £5 per ton to £40 over that period, If I was playing 'Happy Families' with Electricity Generators, I rather think I would want this card...

Report in Mail on Sunday, re: Yank backup systems for no wind days. Has put me off TRIG.

Blue gold..