Member Info for Spikeyj

hi royo, i wasn't trying to give you any advice.

hi gerry, thanks for that history, appreciated.

(the link posted refers to his 'income focus fund', which he has only just started up.)

i'm not sure what you mean gerry - when did woodford sell out of voda?

are you waiting for a particular s/price to exit, royo, or more waiting for a specific event like gold JORC?

no idea. they seem to be showing a very large uncrossing trade at high sp?

https://woodfordfunds.com/words/insights/wiff-may-2017/?utm_source=insight-alert&utm_medium=email&utm_campaign=portfolio "Another new addition was Vodafone. Over the last few years, we have had concerns about Vodafone’s strategic focus, the scale of its capex commitment, operational execution and, above all, the sustainability of its dividend. These concerns have, however, diminished to the extent that we have initiated a small position. We had a very encouraging meeting recently with Vodafone’s finance director which outlined a much clearer strategy for the business and we are becoming more confident in its ability to deliver against that strategy."

thanks, that's helpful.

at worst, the offer falls through & does not proceed, and sp tanks. (i'm *not* offering any opinion on how likely that is, just commenting that a situation like this is not a one-way bet.)

£ in trouble, but pru shines.

".... it's nice having investments in a company that pays a USD dividend when the UK is being so uncertain." good job donald trump is so predictable! ; )

exchange rate shift looking very promising for RSDB given may's disastrous campaign. yay!

sterling falling through the floor on initial reaction to the exit poll. nice to be holding some $ & euro earners.

thanks, helpful.

the company cannot reasonably cancel shares that are held by others without compensation. -- so they have to buy back shares first, so that they can then cancel those. company could simply cancel shares already in treasury.) (i don't really know what would make a company prefer to retain its own shares in treasure once bought back, as against then cancelling them. presumably experts on tax/capital structure could explain, if any reading?)

10% of remaining position today. perfectly happy with vod still, just jittery about the election. gla.

"... a simplified Aviva under its own new management was a 'strong hold' for Questor in the Sunday Telegraph for its secure 5% dividend yield. Kiwi chief Mark Wilson has turned the insurer into a solid "cash machine", with a plan this year to increase the dividend payout to 50% of operating earnings from the 46% in the year to March. A £300m buyback was also announced. Alongside the sale of its stake in two Spanish life and pensions joint ventures plus a retail life business for £403m, plus a rumoured £500m disposal of its Friends Provident International life and investments unit and long-running City campaign for it to sell its asset management arm, Wilson is eyeing selective acquisitions and reinvestment as part of his plans to boost earnings. Investment in technology of around £100m a year such as a smartphone app to collate customer policies are an example, while integrating systems will enable the group to do better at cross-selling products but also managing risk."

been waiting to top-slice some in the 70s, but perhaps rather foolishly took in a small additional package of tung shares today, with a view to dumping that lot in the 80s. if & when any of that ever happens. ho-hum.

8/6/17

still a fan.