Member Info for picstloup

Previously at Tesco's, M&S, WH Smith and doubtless other underperforming High Street retailers.

Meanwhile I assume today's pleasant rise is largely due to a flight from Unilever?

Nearly 10% up since December alone, very nice.

I've Ed hsesince the late 1980s, from about £3., topping up on several occasions, and cutting back a couple of times, once to pay off my mortgage. Just bought a few more (roughly 4% of my holding) as today's dip seems overdone, and the divi is quite nice. Not expecting fireworks, and Smith may have a bit of a point, but the marketing machine will continue to sell the products, and the divis will continue. Or Buffett may come back for round 2, as damaged management credibility will make him more difficult to dismiss a second time.

Another strongly profitable Q3 and Christmas period. Online sales still very high, Booker profits flying, ye profits look like exceeding expectations yet again.

All very satisfactory.

@stefano5 I think a divi of £1 is probably a tad optimistic, and don't really se any prospects of share buybacks in this year's finals - hope I'm wrong. Assuming the half year results sees cash in the bank of ~10-12b rand, South Africa's fairly punitive 28% corporation tax will trim that back quite heavily. Then the company wants to have a buffer of 6b rand against the times when the coal price is lower. That might leave as little as c1b rand for divis, or only about 10-20p per share final divi, although that is taking the most pessimistic possible figures. Even the most optimistic will not get you a divi of a £1 this time, possibly just about half that. Maybe £1 in the iterims in July, when the 6b rand buffer is safely banked, and if coal prices remain near current levels.

Quite happy if they then do use spare cash in buybacks, but much more so if it's used imaginatively to secure future profits, like the re-established plant at Goedehoop South, costing 200m rand and delivering "up to" 1m tonnes pa of low cost coal for the next 4 years (total potential profit at current coal prices of cUS$240m - over £180m on investment of £10m).

Asks Seeking Alpha:

https://seekingalpha-com.cdn.ampproject.org/v/s/seekingalpha.com/amp/article/4479148-rio-tinto-stunning-and-safe-dividend-with-momentum?amp_js_v=a6&_gsa=1&usqp=mq331AQIKAGwASCAAgM%3D#aoh=16419702812817&csi=0&referrer=https%3A%2F%2Fwww.google.com&_tf=From%20%251%24s&share=https%3A%2F%2Fseekingalpha.com%2Farticle%2F4479148-rio-tinto-stunning-and-safe-dividend-with-momentum

**The bank lifted Rio to ‘buy’ from ‘hold’ and upped the price target to 5,500p from 5,000p. "After a 25% relative underperformance versus BHP in 2021, we think that i) higher iron ore prices than consensus, ii) the benefit of index inflows following BHP’s exit from the FTSE 100, iii) net-underweight Chile, and iv) still-strong shareholder returns will lead the stock to outperform," it said**

Don't suppose it was responsible for all (if any) of Friday's rise, but can't do any harm.

There seems to be a lot of grumbling about share buybacks not being as good as divis. I rather disagree. Although I'm as fond of cash income as anybody, buybacks have the advantage, deferred admittedly, of increasing eps, so it comes to the same - the coming $7b buyback will have much the same effect as if it was a special dividend, but, as has been pointed out, not calling down the wrath of the Sun and the Guardian on the company. Also it won't attract dividend tax for those whose shares aren't shielded in their ISA or SIPP. To my mind, eps (and free cash flow) are all that really matter - a barely covered divi is nice immediate cash, but not a guarantee of future benefits, while increasing eps inevitably translates into an increased share price, down the line. Jam tomorrow, but lots more jam. A p/e for Shell of 7.6 makes this like finding money in the street - if I hadn't topped up by 35% last year, I probably would now.

Managed to top up modestly while in the £40s, only about 8% of total holding. Not expecting this April's divi to be as much as last year's stonker (nor, judging by the share price, does the market) but we're still making money and anything over £2-3 would be nice.

I think the upward trend will continue, albeit probably more slowly than that, with big spikes on results in Feb and July, and less action in between. I topped up by a third in 2021, at £1.36 in April, £1.95 in September and £2.24 in early December. Average now just over £1 - bought my largest block at 35p in April 2019, and held a few since spun out of RKT. No plans to sell and hoping for a resumption of divis - although the buyback has been good, and will have a decent effect on eps.

Very nice, I'm currently 44% up on my two purchase in September.

Well, I'm sticking tomorrow's divi straight back in. As far as I can see, anything much under £18 is a screaming buy, long term. Short term it may well drift below £15 or even lower, but I've now topped up almost 50% since the covid crash, and the divis are (overall) almost back to 2019 levels. If/when they get back to 47c/q I'll be creaming it.

And over $60 barely a month later.

There goes $300, all time high

Taxation?

12% rise in NAV over the half year. Share price will catch up in due course.

And 30% increase in divi. Very nice.

Nice 3% rise today, market thinks Mobileye demerger will make people think about the sum of the parts of Intel being much more than the whole. Plus near 3% divi. Held over 10 years, decent if unspectacular 120% rise in that time.

Added a few more today at £47. Only about another 2% of my holding: held and added since the mid 80s.

Responsible for some of today's 10% rise?