Member Info for Tom78

I hold both MNG and SMT. MNG has been wonderful and SMT has been a disaster, but it is all about timing and luck to some extent. At least with MNG you get a decent yield even if the shares have gone down a bit and you can sit tight. With SMT there is no yield so your money is dead and can only hope for (or pray) for a big rise in share price or sell out.

Certainly a bad start to the new year share price wise.

Good luck. I would just be happy to get my money back on this dog. Perhaps betting on a greyhound would be more profitable? China / HK seems to be a constant flow of bad news and untill that changes pru will not do anything.

That is all quite strange and I'd be interested to know any outcome. I am late to the party here and my first dividend payment is due on the of 5th January. I use HL and UK dividends are usually same day, occasionally next day. Overseas dividends paid in USD can take three days which I suppose is ok as there is more to do. Some years a go I had a small broker that received an overseas USD dividend by cheque! that took ages to sort out as you can imagine and they each blame each other for the delay.

Best of luck.

I agree Arbinv. The recent performance has just not been good enough and it needs a major shake up. I remember a few years ago the Scottish investment trust was a dog of a performer with a 10% discount and I unluckily sold it just before they sacked the manager and merged with JP Morgan growth and income. The discount closed and the shares have performed well since.

Another dog trust I own is Bankers BNKR, with a historically whopping discount and underperforming again, yet just excuses every month. These investment managers are far too pally with the board, and not putting investors first.

Dividend is paid twice per year and if any specials are declared then they will be at the same time. I've said this before looking at historical yields in isolation is pointless, particularly in the mining sector as it is so variable based on commodity prices, volumes etc.

AJ Bell have put out a statement already at 1.30pm revising their fees and interest. I expect HL will be under some pressure to do something now. Hargreaves have different rates for different products and it depends also on the amount of cash held. It doesn't really bother me as I do not hold large amounts of uninvested cash in their accounts, why would you? put it in a higher interest account instant access then move it back for re-investment. You have to proactive these days rather than moaning about not getting base rate sat idle. The banks have been doing this for years.

There is news. If the FCA want to have a go at investment platforms for not passing on enough interest to client accounts why are they not doing so to the main UK banks? My HL ISA pays more interest on cash than a Barclays savings account!

Disaster of a share down over 30% this year. My average is 29.32 maybe time to cut losses. Nightmare 2023 continues

Disaster of a share down over 30% this year. My average is 29.32 maybe time to cut losses. Nightmare 2023 continues

The app still works for me although the prices and profit loss are often displayed wrong until the price updates. I did a test deal to see if I could sell some shares at the obviously wrong price and was quoted the correct market price.

They are only supporting IOS15 or newer on the latest version according to the app version history.

We should get a trading update in early December so we will know a bit more then. Currently just tracking coal price. Richards bay is near or just under the five year average for the contract futures so not really surprising to see the share price where it is.

Current discount is 7.2%. With recent slumps in Burberry and Diageo and Unilever the perennial under performer I'm surprised it is not more.

And the UK now stands alone with this potential ban, which imo is unnecessary as younger generations are not smoking like they used to. Price (due to tax), plain packaging, advertising ban, sports sponsorship ban, hiding tobacco behind a curtain in shops and banning smoking in pubs and indoor spaces have all had an affect over the years.

Brent at $78 per barrel now. Near 3x dividend drop, so well done if you sold out yesterday.

Whilst I agree HL is not the cheapest, certainly for funds it's ok for shares and IT's. If you do not trade a lot then the dealing costs are not significant, but for regular traders while you do get a reduced commission due to the number of deals done per month, it may not be the best.

High inflation and higher interest rates have diminished peoples funds available for investing and lower stock markets have impacted AUM values for all asset managers so I don't think it is fair to say that has had no affect on the share price.

Looking back for the dates of the last two Q2 dividends we are overdue an announcement on the ex div date are we not? I am expecting 4.61p per share as Q1.

Just had a quick scan of the results. Adjusted EPS $3.80 and Yahoo predicting $3.53 so beat that. Dividend held at $0.62.

The short funds will have to stump up for a large dividend @ 28.8p soon unless they close before ex div.

Coal price collapse.