Member Info for Trouts

Erm, what debt? They are debt free since March 2020! https://simplywall.st/stocks/gb/consumer-services/lse-888/888-holdings-shares/health

Hmmm, today's trading update appears to have disappeared from the financial calendar page on their website. Next event is a trading update on 11th January. It makes me nervous... just how much is this takeover costing in fees etc? Seeing dozens of RNS posting every week makes it look complex and expensive!

At first sight the results were disappointing, however given that retail is having a tough time at the moment, they weren't all bad. Net debt is down, and they did at least make money. In times like these a retailer needs to stay in the game while others fail around them. They are then poised to clean up when things improve. As long as they keep costs under control, I am still reasonably happy. Mkt cap of £106m is only just over 2 x net cash of £47.2m. If we can just get the Allianz litigation monkey off our back, we should be able to see a much fairer valuation.

@Slownsteady - The site below neatly summarises the financial health of Persimmon. The business looks in good shape aside from the dividend coverage. They are just paying too much money in divis, cut those and the business looks great.
https://simplywall.st/stocks/gb/consumer-durables/lse-psn/persimmon-shares/health

I've just had my car insurance renewal through from Direct Line and they want to jack it up from £324 to £428! A 32% increase from 12 months ago. I spoke to them and pointed out that nothing has changed except that now it is 37 years I've paying insurance and never making a claim, plus the car (a very ordinary Vauxhall) is 1 year older. Like lighting they said they could drop it to £344, which begs the question what the hell were they doing quoting £428 in the first place? I then informed the agent that during the 22 minutes it took them to answer the phone, I had been on a comparison site and had a quote from Esure for £282 (without a £150 compulsory excess too).
As a shareholder I find this very disturbing. Firstly, not answering a SALES LINE quickly! Secondly, their market share is going to plummet with pricing like this. What are they playing at? If I get anywhere near break even on this share I am out.

Thanks Rivaldo. The article highlights many of the points that us holders have identified. While I've been trimming many other holdings, RNWH is firmly in my group labelled "Happy to hold during the recession". I don't want to move completely into cash, so finding gems like RNWH is a core part of my strategy for the upcoming turbulence. I've also got Smith & Nephew (benefiting from a huge backlog of elective surgeries) and LGEN (solid and a good dividend payer). Anyone got any others to look at that will fare well during the recession?

Unfortunately, the economy affects markets and the economy is managed by politicians. At the moment it seems the current incumbents are determined to drive us off a cliff, Thelma and Louise style, so even though you're not interested in politics it does impact your portfolio, wealth and future! Where did all the sensible Conservatives go? Bring back Ken Clarke!

Hey Gary, you will find some useful info here. I actually took out a subscription to this service, but as I recall they let you look at a certain number of records for free.
https://simplywall.st/markets/gb/consumer-discretionary/consumer-durables/homebuilding

General market turmoil. The UK economy is looking pretty ugly at the moment and isn't going to improve much in the next few months. Until then doom and gloom will prevail. There may be one big correction, or it may just dribble slowly downwards. Current corporate revenues and earnings will probably be ignored in favour of the big picture. Hopefully next year markets will start to see beyond the end of there nose and realise that quality businesses will still be around and making money!

You could be right goinguphigh, but I think 4500 is a little optimistic. Sadly, I think we are due a major market correction first in the next few months. I still like ULVR, but will be looking for a lot lower price to get in wants the carnage starts. 3200 would be ideal, but I'll settle for anything below 3400p. A climb back to 4500 after that is unlikely in what would be left of your 12 month timescale.

Great, on top of everything else, they're gonna dilute us!

Only a couple of pennies down on the ex-div day for 7.6p. I'd call that a result!

The spread has come down a bit, but I got an alert from FT saying trading volume on RCDO exceeds daily average by 87%... and that was 4 hours ago! Something is happening.

This site is great for looking up details once the divvy is declared, plus looking at the history you can see roughly when one is due: https://dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=VTY

Great news... another piece of "recession proof" work.

https://dividenddata.co.uk/ex-dividend-date-search.py?searchTerm=LGEN

But not "stunningly excellent", so in this market I expect the SP to open down.

Oh, I agree. An annuity is a way for the industry to rip off the uninformed. I will certainly NOT be taking out an annuity when the time comes. I'll be using Uncrystallised Funds Pension Lump Sums (UFPLS) to take slices out of my SIPP and leave the rest invested. Quality companies with a reasonable dividend will outstrip an annuity every time, and yes... when you're gone the investments can be passed on, unlike an annuity which dies with you. If you're comfortable managing your own investments, you'd be a fool to hand over your money to an annuity provider.

An index linked annuity would get you around 2.8% at the moment. Probably more comparable to the LGEN dividend as it will increase over time.

Most SIPP providers will happily let you hold US shares in your account. You'll need to complete a W-8BEN (US tax) form to avoid being stung on taxes (your provider should have one online). It may be worth contacting them to see if they are making special arrangements for the transfer.