RE: Dodge the divi?20 Mar 2021 10:56
Could do, depends how much your wanting to trade against long term hold and take the risk.
Appreciate x divi date etc but the sp is potentially on a move to increase overall, you could trade in and out but it might not drop by as much and hence I’ll play the safer option, hold take divi and move on, some may be buying for divi and holding for the next.
I’m certainly after this divi in the position of it being well worth the claim next year. Be around 2yrs holding, divi certs gathered so I’ll submit to tax authority, pay someone to do it. If I sell down it will be to balance overall portfolio value, £5 I’ll probably let a few go.
I think their more than clear about sp performance, they may push for ftse 100 and next divi announcement in only a few weeks. Average must be around $190 first quarter compared to $122, huge uplift, massive cash numbers.
The video update shows an acting ceo who gives an impression of knowing exactly what he’s doing. Covid aside steel, infrastructure, iron ore buying I think will stay strong. I think £5 is also quite light based on projected earnings, this needs to go even higher.