RE: 22 reporting & divi dates11 Jan 2022 19:25
For income atm I only have GLO. Others are on my watchlist again. I am overweight GLO with 55k shares now. At times I haven’t been able to buy 1500 shares as the liquidity is difficult but I can usually sell 10-50k.
Whilst GLO won’t match some of the others mentioned in terms of capital growth I think it has a more reliable divi. I have enough growth in my pf and am only interested in income.
I still have concerns with contagion following evergrande. Insurers and banks are mainly at risk. They just can’t help themselves when the smell a high yield!
There are now around 12 Chinese property developers overdue on debts. Evergrande alone is $300bn outstanding! Someone somewhere will eventually come a cropper and then others will declare the impact. It’s just a question of time. Hence I am staying away from banks and insurers for now. I note PHNX 6.6% holder selling out by way of book build. That was one of my favs. I have traded it well.
However, for income I prefer quarterly divi’s as it makes the SP less volatile than the bi-annual stocks in terms of re-basing following the x-divi. I also spotted during covid that whilst they may have missed or reduced one payment. It didn’t necessarily affect the others.
Now is imo the time to buy GLO.
Dec, Jan, Feb are relatively quiet. Then there is the preliminary results and q4 divi declaration on 18th March. The 4 divi’s then come relatively quickly together.
My view is guidance will be nearer $840 than $800 as they have enjoyed continuous tailwinds from fx and energy costs.I expect the SP to be in the 212 region in March.
That means buying now gives you a divi cushion when the 3.2333p divi comes off which could be a 5p off hit OTD. However, the trend with GLO thus far is it recovers the divi hit pretty quickly or even on occasions the divi doesn’t come off the SP.
If the prelims are good there will be no need to knock the divi off and the SP could actually rise a little. We’ll see.
In terms of quarterly payers. These have made the first round of my filters.
APF, BP, CMCL, GLO, GSK, JIM, WINK, PAY, PGH, SMS, ULVR
I will be timing some selective buys with TA. That’s why it helps to have a few to spot even though I may only buy two. I bought PAY at 605p but sold it again last week. Likewise GSK I sold. GSK I find it pretty ‘easy’ to trade nibbles with because if you get stuck I don’t mind holding it.
The eventual idea is to buy and hold. When I get the price right and the companies credentials and macro align I will build a position. However, one often spots trading opportunities as well. I tried to get PAY below 600 but took 605. I am waiting for more regulatory clarity before buying and holding for longer.
You may have used this link before. It lists all the divi payers, dates etc. You will need to get the divi cover, pe and historic divi’s etc from the HL site. I find that the easiest to cut and paste from
https://www.dividenddata.co.uk/quarterly-dividends.p
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