Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
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!
See https://quoteddata.com/research/civitas-social-housing-fundamentals-remain-strong-qd/
After watching the SP for months, I bought some at last. At 80.4p, forward yield 7% and discount of 26% from NAV I just can't resist. The demand for these types pf social housing will always be there. IMHO, the SP and discount are overdone relative to peers.
17.80% from the Annual report and audited
financial statements for the financial year ended 30 November 2021 https://www.ishares.com/uk/individual/en/literature/annual-report/ishares-v-plc-annual-reports-2021.pdf page 191.
TOD and DM, you both right. Must be the heat that got to me today :-) I still think its the currency but have not got round to or bother to go into detail analysis. Topped up more today.
I agree with copperpb. I started buying ABDN for the first time in mid May and have been buying in small chunks ever since. My current average is 170p. The SP may still goes down when the BoE realise the peanut increase of 0.25% interest rate didn't make a scratch and will do another increase, or the colder weather comes in Autumn and Europe push up the demand on gas and oil. Then again the SP may go up if ABDN releases good Interim Results on 09-Aug-2022.
Thanks Etotheipi. I couldn't find that information in any of their publication. The annual report talks about rents indexed at CPI. The latest Q4 Factsheet: 31 March 2022 said a dividend target of 5.70 pence which is an increase pf 0.15p (2.7%) from the current dividend of 5.55p so the future yield is about 7% using the share price of 80.2p.
Its down to the exchange rate. Pound Sterling is not doing well against the US Dollar and most of emerging market currencies are loosely pegged to the Dollar. 9% yield now. Time to buy and hold, Not sell.
UK is not yet officially confirmed as in recession but things are not looking good. 1st QTR official GDP is up 0.8% but forecast for 2nd QTR and 3rd QTR is down so expect an official recession later this year. The recession is caused by high energy price just like the 70s but hopefully the interest rate won't be 9%-15% like the 70s or we will be doomed. I am going to average down yet again but will wait until the BoE announcement about interest rate later today.