Member Info for SD235

Legal and general
High 324.70
Low 138.00p
Recorded June 2020
Bought
at £267.5 2018 and
166 in 2020.
Happy

Just emailed HL to ask. Will let you know if correct

@Zaco_4

Bought at 267p in 2018
And again 2020 at ........166p
20 holdings legal and general 13% next biggest 8.6%
First lot in SIPP Second purchase in fund and share account. Need to move second lot into an isa. Hargreaves Lansdown not doing bed and isa at the moment (because of covid???). Not likely to ever pay income tax but you never know if I had to sell a lot of shares for some reason ie moving to a more expensive area, the capital gains tax could work out expensive.

@adv11
Emailed Hargreaves Lansdown reference withholding tax on diversified energy.:-

This particular company is based in the US, so you are paying withholding tax on your dividends. The dividends are paid to you net of withholding tax.
As you have completed a W-8BEN Form, this is reduced from 30% to 15%.

As they are listed in the UK thats probably why the dividend is so high or to put it differently the share price is so low.
So definitely staying with them till the US listing which I assume will result in a big increase in share price.
On the other hand!!! Not a bad company for the longer term both dividends and share price.

@oilmanmike
How about a meaningless comment. Are you still there? Which shares are you "ramping up" today?!!

As an aside have you both noticed that Henderson far East now has VinaCapital Vietnam Opportunity investment trust in its top 10. I bought in January and February up 12%.
Its up 145% over 5 years. Pays 2% of NAV every year as dividend. Yet still trades at a 17% discount??

I am with Hargreaves Lansdown to the best of my knowledge there is no withholding tax....that i know of.
Bought Henderson High income and 5 other investment trusts in December 2020 and January 2021. HHI are up 21% no complaints there.
I borrowed £30,000 equity release (2.36%) A total of £1,195 costs, mainly my solicitors fees. Last years dividends for the 6 investment trusts was £1385 the interest is £780 (ignoring the costs) which i am going to pay. Close to 10% share price gain to date. Should have borrowed more. Could have gone to £53,000 (house valued at £165,000).
I have some beauties bought in march 2020 legal and general on 10.5% dividend for instance.

I just remembered Diversified energy
Mainly conventional gas wells all in the US. Very cheap producer who hedges prices very aggressively. On the UK stock exchange but in the US only traded on the over the counter market. Said going do a listing on the US stock exchange. I expect that will have a very significant effect on there share price.
https://online.hl.co.uk/my-accounts/security_details/sedol/BYX7JT7
Quarterly dividends . 10.5% dividends. Dividends have risen every year since listing 5 years ago.

@adv11
"Haven't digested yet, but 3p dividend twice a year, plus possible top up for REIT. Can't see how they can justify this. Thinking of taking my huge losses and investing elsewhere. Speaking purely as a quarterly dividend investor. Looking forward to other people's views."
A decent income equity investment trust with a good dividend reserve.
A big dividend and some growth (over 5 year) would be Henderson far East income. Presently on a headline Dividend of 7.07% . A mere 13% share price growth over 5 years. Trading as usual on small premium. Quarterly dividends.
There isn't a UK income equity trusts that come near on both dividends and share price growth.

https://www.hl.co.uk/shares/shares-search-results/h/henderson-far-east-income-ltd-ord-npv

And the AIC site for investment trusts
https://www.theaic.co.uk/aic/find-compare-investment-companies?sec=&sortid=Name&desc=false

Note Where it shows average dividend growth over 5 years you need to look at the actual dividends each year as you can get caught out by a very high one year one. Also good to check dividend cover.
Best doing that on Hargreaves Lansdown.
Personally I would stick it out for a while for some capital growth.
but I doubt you will see a quarterly dividend for sometime if ever again.

@oilmanmike
Forgot this idiotic random post accusing me "You I. The A Team or something?" Of claiming to be the A team?

@oilmanmike
"I do not deal in chances. End of." Chances of what?
A random statement like your predictions.
"Not difficult to see what you are here for IMO" another worthless random statement.

@oilmanmike still waiting to here what my implied "hidden agenda" is? You have had one chance to say what it is.
At the end of the day the market thought the results and statements were less than desired.
aka ****e and a fair few on here agree

@oilmanmike still waiting to here what my implied "hidden agenda" is? You have had one chance to say what it is.

Not months less than a month. Not relevant your predictions are ****e.

@Jstar only referring to rent paid by the convenience stores. I consider their rents to be reliable. I assume but don't know that the rent will go to the buyers of the pubs. And they will continue to add more convenience stores. Money lost to NRR.

@oilmanmike
"SD you turn up out the blue.
Pour a load of cold water on
what are good results.
Not difficult to see what you
are here for IMO"

I have not poured cold water on there results. I didn't expect much better. You "bigged them up" ....deliberately, I can see what your are here for!

"Not difficult to see what you are here for IMO" I am happy to here what that is?

I have been commenting on NRR so not actually turned up out of the blue.

Your prediction were out by a mile....a country mile at that!

@smorrisjones
Apologies didn't see your earlier post. Yes keep the pubs. They fit in quite nicely with the convenience angle. "possibly" lots of space in other pub car parks for more convenience stores. I assume they are leasehold? Hence a very reliable rent coming in. What happens if they sell them? Who gets the rent. Pubs are doing much better nowadays ie increased profits. All given way for quick buck.

They may use some money to reduce debt.
Although as REIT most shareholders bought for the dividends so it won't go down well.

@oilmanmike LoL 7 posts.
Didn’t know you were in.
The presentation should go down
well with the city.
The share price fall suggest otherwise. You appear consistently wrong about this company. I am here for the long run.
Although far from overwhelmed by the report and the dividend, it worries me not. You certainly got some peoples expectations up. I bought on the basis that after 2 years they would announce a 10p dividend for the following year with a small dividend in-between. So you didn't get my hopes up. As I am in at 66p and 88p I am happy to wait and see.
Again the majority (if not all of you) are exceptionally short sighted. Keep the pubs.

At last found the NRR thread.... still against the sale of the pubs. Think we will be better off keeping them. In the long term they will complement the retail side. To short term getting rid. I noticed when it was first announced the shares barely moved. Even the market agrees with me!!!