Member Info for tacly

After 1 years 3 months I have received 5 dividend payments. However, even with the dividends reinvested I am still 3.2% down. Hopefully the next dividend will be around 36p, same as last year's and with SP stays around this level I will eb breaking even! Blackrock still list the Russian assets in their spreadsheet but with a weighting of 0.0.

It doesn't look good when even the CFO is flogging half of the freebies he was given, having never fork out a penny of his own money buying HCM shares. No explanation on why he wanted to do that either. Management incompetent to the extreme!

Target price HKD 27 / £2.86 to HKD 30 / £3.17 - see https://guba-eastmoney-com.translate.goog/news%2Chk00013%2C1262453391.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en-US&_x_tr_pto=wapp

amones - here it is, https://sc.hkexnews.hk/gb/di.hkex.com.hk/di/NSAllFormList.aspx?sa2=an&sid=344192&corpn=HUTCHMED+(China)+Ltd.&sd=29/08/2022&ed=29/11/2022&cid=0&sa1=cl&scsd=29%2f08%2f2022&sced=29%2f11%2f2022&sc=0013&src=MAIN&lang=EN&g_lang=en& . Mainly longs from The Capital Group. No change in shorts.

Yesterday, there was a release of a detailed 58 pages analyst report from a mainland China company, Soochow Securities, covering Hutchmed for the first time. Report in Chinese only - https://pdf.dfcfw.com/pdf/H3_AP202211281580616226_1.pdf . Recommendation is BUY. Oddly there was no price target but a market cap target for 2023 double that of yesterday's market cap.

Two mainland China securities companies issued their analyst report on Hutchmed. Average target price HKD 27.24 / £2.88.

https://guba-eastmoney-com.translate.goog/news%2Chk00013%2C1245854369.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp

https://guba-eastmoney-com.translate.goog/news%2Chk00013%2C1251286540.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp

Chinese newspaper articles talking about "capital winter" affecting quite a few pharmaceutical companies including Hutchmed:

https://guba-eastmoney-com.translate.goog/news%2Chk00013%2C1250689540.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp

https://guba-eastmoney-com.translate.goog/news%2Chk00013%2C1250307361.html?_x_tr_sl=auto&_x_tr_tl=en&_x_tr_hl=en&_x_tr_pto=wapp

Hong Kong stocks hit an 11-year low after historic Fed rate hike - see https://edition.cnn.com/2022/09/22/investing/global-markets-hang-seng-intl-hnk/index.html . The management will probably come out with another LTIP to help.

See https://pdf.dfcfw.com/pdf/H3_AP202209151578411387_1.pdf for a giggle.

Yes, I looked at DEM. Seems good. Lower dividend but lower fee too. If I didn't already max out in emerging market, I would invest in DEM too.

Back to SEDY, ex-dividend date 16/09/2022 for 3rd Qtr dividend coming up. Last year's 3rd Qtr dividend was £0.424 so should be similar this year as the suspension of Russian companies don't seem to have an adverse effect on the dividends so far. The latest fact sheet (31-Aug2022) still quoted a yield of 10.39%.

See https://www.theguardian.com/society/2022/aug/31/social-housing-rent-rises-to-be-capped-in-england-next-year . In the short term government/tenants win, landlords/investors lose. In the long term government/tenants lose when landlords/investors don't want to do it anymore, no new social housing and existing ones become neglected and derelict.

See https://tinyurl.com/3u53rv7y . Not quite sure why these analysts still bother, not only none of them ever get it right, they disagree with each other as well.

See https://tinyurl.com/d66kddpt from CICC (China International Capital Corporation).

See https://pdf.dfcfw.com/pdf/H3_AP202208031576832852_1.pdf , analyst report dated 3 Aug 2022.

http://www.aastocks.com/en/stocks/news/aafn-news/NOW.1199792/1

@Roofer62, ex-dividend date is 25th Aug see https://www.thephoenixgroup.com/investor-relations/financial-calendar . 18th I think is for A burden Plc (Abrdn).

Me too at 71.31p. The NAV from the result is 110.30p. So at 35% below NAV and 8% dividend this SP is in silly territory.

Just my luck down 8% from my purchase price of 80.4p after the result come out. Quoted Date https://quoteddata.com/2022/06/civitas-social-housing-posts-strong-results/ says result is ok but discussion board over at advfn.com mentioned a Times article saying "ADVICE Avoid WHY Concerns around security of income stream".

Dividend come in at end of June is GBP 0.3644, slightly higher than last year's GBP 0.3615 for the same period.

Dividend for end of March this year is GBP 0.1656, also higher than last year's GBP 0.0704 for the same period.

The fact sheet for 31-May-2022 still quoted a distribution yield of 9.04% but I guess we will need another 2 dividend payments to find out the impact of excluding Russian companies.

The 3p per quarter or 12p per year should hold because the latest result seem quite ok. If anything, I expect the future dividend to increase slightly going forward as the company's report said "the loan book has a short duration, allowing the Investment Company to recycle into new loans that have a yield pick up from (a) charging a higher risk premium reflecting the current environment and (b) reflecting the higher floating base rates into the loans. "

The current near 8% yield is very useful hedge against inflation. If you were lucky enough to have bought it in April for 142p you would have got some capital gain as well.

Next ex-dividend date 07/07/2022, payment date 29/07/2022.

From the May 2022 Factsheet https://cdn.janushenderson.com/webdocs/FS_HFEI_JE00B1GXH751_EN_2022-05-31.pdf ;
China 21.4%, Taiwan 11.0%, Hong Kong 6.1% Total 38.5%. Yield based on current SP is 8.5%. Next dividend 6p. Ex-dividend date 28/07/2022. Payment date 26/08/2022. These are facts. Invest if you want to. Don't invest if you don't want to. "China risk" or not, I 've been holding HFEL for nearly 10 yrs, happy with the dividend, trade in/out occasionally and will continue to hold HFEL. Something may blow up in the South China Sea, but then again, something always blow up somewhere in the world every few years anyway!