PrefInvestor1
12 May 2018
Re: Selling and buying - soi Hi soi,I could see you being interested in these as a stock to trade as the price goes up and down like a yo-yo. But as a stock to buy and hold (as I do) I am less than impressed, seems to me to have been on a continual downtrend for the last year. Looking at a chart last June they were around 350, so in a about a year they’ve lost ~70p. OK they’ve paid out about 23p worth of dividends, but if you were holding last May then you are down close to 50p a share. I bought at ~298 so am just about OK but can’t say that I’m either impressed or excited by the stock. Personally I am always concerned about the retail focus of their portfolio as well, every time another retailer goes into administration......!You clearly are seeing something I’m not. What IS that exactly ?.ATBPref
Chucko63
10 May 2018
Re: Selling and buying I did just the same. 283.5. I will also buy more at around this price for my daughter’s Junior SIPP as I sell downs a portion of Woodford’s Income fund.
soi
10 May 2018
Re: Selling and buying HiOver the last couple of days I bought 2 more share tranches, @ 284.8 & 282.9.If I see a reasonable profit available in the near term, would sell, however maybe sell a few less than the combined buys.I quite like the company so want to gradually increase my holding amount over time.ATB & GLsoi
PrefInvestor1
08 May 2018
Re: Other holdings - Devonplay Hi Again Devon,Well week off to a good start, managed to pickup UKW for 199.9 when the orice dropped this morning. With a 1.69 divi due thursday i count that more or less as a buy at about 118.2.Regarding your last post:-I have HFEL and MYI - both held for about 2 years now. Bought as a hedge against a falling pound primatily. Not sure i would buy MYI again now as the yield is a bit too low.Not 100% convinced in CNA myself but done ok since my buy at 143. If it drops back a lot on XD i shall top up though, only got a half sized holding ATM.NAIT not for me, yield too low. No decent high yield US investments as far as I can see. I don’t invest in growth stocks - however well some if them might perform. If that means no US exposure then sobeit...RUSP an old favorite pref holding of mine. I have a few of these ATM bought at about 133 after the recent Syria incident. Up at about 144 now. Very sensitive to russia - US politics.HICL looks interesting at first look. Will check it out some more.VOD already full loaded here. Don’t need any more right now.ATBPref
devonplay
07 May 2018
Re: Other holdings - Greyinvestor I share a number of stocks with Grey, including HFEL, PEY and MYI.One of the stock that interests me, but doesn't have any income is PCT, I'm some 200% up at the moment, I'd like to add more at some point.I recently looked at Polar Capital's Banking IT, but didnt really have a good reason as I already hold HSBA, STAN, LLoy & BNC, but it could be one of those stocks that might provide sector exposure if you hadn't already been active. Although it would give me that international spread.I often think of CNA, but I just never get it right. I like there recents moves. In my own mind I make a comparison with the valuations PE gives to IoT providers. I'd like to see Centica more in that home automation game. They've got the consumer base, the field support, but maybe not the time. Unfortunately, everytime I buy CNA, on value, potential or whatevere....the only thing guaranteed is the price goes down.I suppose at the moment top of my add list is NAIT. I just don't have the right amount of exposure to N America and I feel this is one way of not overpaying and getting some income.RUSP anyone?HICL if we edge towards a soft brexit? (Would that diminish the chance of a Labour government?)How about VOD? I'm interested sub 210, would definately buy sub 200.DL
PrefInvestor1
07 May 2018
Re: Other holdings - Greyinvestor Hi Again Greyinvestor,Thanks for posting this additional list, havent had time to look through them yet.Also I should apologise, I looked up each of the holding in your previous post on the Hargreaves Lansdown web site. Usually on there if it displays N/A in the Dividends field it means that the stock doesnt pay any, however it seems that this clearly isnt right because having looked up RQIH on the Telegraph website this confirmed your assertion of a 5.5% dividend. Sorry about that.Ive been pleased with HFEL, had them for several years now - even with my pref portfolio. Likewise AAIF, but these havent been doing so well lately, down a fair bit since their mid 220 highs. I confess I have an objective to avoid having my new portfolio too heavily weighted on a few stocks, as this can end up making the performance of the whole portfolio come down to how those stocks are doing. I had that with my pref portfolio, I tended to put most money into the stocks that delivered the biggest income - which meant at one stage I had ~25% of my portfolio in LLPC. Daily performance then really came down to whether or not that went up or down. Im going to try and avoid that this time. Obviously some stocks will do better than others thats inevitable, but I dont plan to add to increase that imbalance.Have looked at TATE before. Lost its mojo a bit since exiting the FTSE 100, yield just about OK. And I guess we will always need sugar, even if we should be cutting down !. 2017 financials look OK, have added this to my list of possibles also.Your comment on INTU being only valued at 50% NAV caught my eye. Added this to my list of possibles, also PCA and TATE. Will continue to check out the rest in slow time.ATBPref
Greyinvestor
07 May 2018
Other holdings Other holdings of mine: CLIG, CRST, TATE, MYI, MUT, VIN, PEYS (easier to buy as PEY), APAX.Right now I like NRR, RQIH, BPM best. HFEL and AAIF are my top two holdings. HFEL I’ve had for up to twenty years. HFEL and AAIF are about 30% of my total holdings. I have big APAX and PEYS holdings too.
Greyinvestor
06 May 2018
Re: Still adding - Greyinvestor RQIH has a decent divi,paid as a capital return. Usually about 5.5% yield.BPM is in the same sector. Low divi but compounding your wealth at about 10% annually. Trading at a 15% discount to last reported assets, probably more like 20% in reality.Intu trades at 50% of the value of the underlying assets.OCT is highly speculative but a reasonable yield.PCA is offering a big yield and a discount to NTA.NRR could go down further but the yield is enormous.
PrefInvestor1
06 May 2018
Re: Still adding - Greyinvestor Hi Greyinvestor,Interested in the stocks that you mentioned in the attached post. Did a quick 5 min scan of each with a view to assessing whether they might be candidates for my new high yield portfolio, comments below:-INTU/HMSO – Nice yield on INTU and price back to pre takeover level. Still personally I am not really keen on ANY of these high street retail owning operations. More of an Amazon type person myself !. Not terribly impressed with NRR really, but still here.RQIH – Doing very well just lately, but no divi ?. Pretty small company that has just sold a chunk of its operations. You must have some more detailed info on what’s going on here if you have made a big investment here. From a casual look I wouldn’t invest here.BPM – On first sight another speculative play on a small company that doesn’t pay much in the way of a dividend. What’s the attraction here ?.OCT – Hmmm really tiny company, penny stock price and no dividend. Nice move on Friday. Not for me though !.WPP – I have avoided these to date. Personally I think that Facebook will eat their lunch. SP has recovered pretty well after the departure of Martin Sorrell. Some brokers clearly fancy it. No plans to invest here myself.AV (grrr), LLOY, AAIF & HFEL I already hold. JEMI I used to hold a while back but yield not good enough for my new portfolio.NTG – Looks interesting. Not too small a company and yield just about OK. Company operates in a different domain to all my current investments, which would be useful for diversity. Will research further.KIT & EDIN - Like the holdings of both of these trusts (I hold many of them as individual stocks) but yield too low on both these ITs for my liking.Thanks for your post, interesting to see what others are doing.Good luck with your investments !.ATBPref
PrefInvestor1
06 May 2018
Re: Still adding - devonplay Hi Again Devon,Well right now my portfolio has 49 holdings:-2 ETFs13 ITs4 REITs4 Prefs (1/2 sized holdings - just in case)26 Stocks (mostly FTSE 100 but a few All Share and 2 AIM)Overall yield is just over 6% from these. Happy with that.I'd like more ITs (for diversity) but there are relatively few that pay more than a 4% dividend. I wont take less than 4.5%, thats as low as I will go.This weeks objectives are:-- Buy UKW on or before XD on Thursday 10/5- Top up on CNA when it goes XD also 10/5 (especially if price drop exceeds the divi).Right now I'm down ~8.6% YTD (but then the pref disaster cost me ~£35,000 !). Seems I might get a "goodwill payment" from Aviva as a result of having sold, that will be useful - if it actually happens.. Still got close to 20% in cash right now. Been spreading out my buying over time, very tempting just to jump in and buy everything you fancy - but probably a bad idea I think. Trying to get the best prices by using limit orders and buying on XD dates.Interesting post from GreyInvestor here today. Will take a look at some of the stocks he has listed.Off for a walk in the sunshine now......ATBPref (not really anymore !)
Greyinvestor
05 May 2018
Still adding I’m still adding these. I’m down a fair bit on my original purchases, but I still believe in the company. I’ve got a pretty serious stake in NRR and PCA.I also added a small number of Intu. I must be crackers.Other recent purchases; RQIH and BPM. Large scale purchases.OCT added very recently. Not for the faint hearted. Only a small stake, enough to make me learn more.It’s been a mediocre year for me so far. Running at about break even. But a pretty massive divi stream.Sitting on WPP, NTG, AV., LLOY. Will probably sell the first two when the time is right.Hard core holdings in HFEL, AAIF, JEMI, KIT, EDIN. Lots of Brexit protection there.Nice to see you here Devon. Now 13 years and counting since I went to work. Can’t see any reason to do so ever again (I stopped at 50 also).
devonplay
05 May 2018
Re: Still adding - devonplay Not far from my strategy.I look to have average holdings of £10-£20k, 5% + and always scale in.My blood of the street holdings are showing mainly 100% plus any income and the VCT element has a c12% yield. Roughly at the moment I have;30 IT’s well spread, and for most part 2 covering the same sector. At the moment I’m just over 30 recently adding PCT, NRR and NAIT. I just have a grand in NAIT. It’s sort of watchlist thing. I take a lot more notice with skin in the game and I’d like to add more given a strong sell off. 10 ETF’s regular buying ISF &IUKD, I add IUKP (using £1.50 deal) most months with any left over cash in my ISA’s and buy US (SP 500) & IWRD when it looks like the wheels are coming off , Asian & Europe income when it looks cheap and US and Asian property again when I think there’s a period of panic.I have around 10 direct stocks mostly financials. 3 VCT’s with varying capital gains, but mainly bought when they had 40% discount to NAV and 10% plus yields. People only sell them when they are forced sellers and I like to be on the other end of those trades. In the old days that would be hard to manage, not saying much these days. When you’ve backed your capital out why worry as much. Life’s too short.I did recently look at the VCT’s but the largest holdings has me playing with the houses money and a yield of 12%. IWRD I’m up 112% so I suppose I should take my cash out and let the rest run. Look for something with a better yield. Maybe I’m the ultimate get rich slowly punter or maybe just lazy lolGood luck with your strategy. Mine was sort of a reaction to start doing this in 2009. Then being heavily diversified seemed like the only strategy, It had allowed me to steadily reduce my work commitments in my early 40’s and retire at 50.My starting capital was roughly £100k. Used buy and sell regularly. Now not so much the occasional trimming mostly “adds” and if I can I like to use those £1.50 deals. I always think building a portfolio is like gardening. It’s always a work in progress and can’t be rushed. Needs to be worked and there’s always next year! DL
PrefInvestor1
05 May 2018
Re: Still adding - devonplay Hi Again DL,Thanks for your swift response, especially in your current condition !.I was caught up in the Aviva preference share debacle. My portfolio at that time was over 80% in preference shares. When Aviva made their announcement, that they thought they could cancel all of their prefs and repay at par, the whole market crashed. I sold out at a significant loss as i could see it all turning into a replay of the lloyds ECNs scenario. As a result since March 8th i have been building a new highly diversified high yield portfolio, no investment bigger than £6,000 and no yield lower than 5%, no more than 4 or 5 investments in the same domain. So i have needed (and continue to need) good high yield investment trusts and stocks. Hence my interest in your holdings / ideas. Been doing OK made about 3-4% gain since March 8th, need to do about the same again though to recover all my pref losses.....As you will now understand low yielding ETFs like ISF and IWRD are not really of interest to me. Or any flavour of growth stock. But things like VSL and REC potentially ARE of interest. Any other ideas grarefully received !.ATBPref
devonplay
05 May 2018
Re: Still adding - devonplay Hi PI,So why those?I see myself as long term accumulator, I know that’s not fashionable, and in most cases I prefer to scale in and out if it’s appropriate. My portfolio I look at as pots of assets. Somewhat like the a traditional PI, but not along the lines of growth and income (or HYP). So if or simplicity;I have ETF’s an VCT, alongside a couple of stocks, that I buy and for most case hold during periods of volatility. Usually because they over react, are cheap or a safe haven quality. For example AV, REC, IWRD. Once I’ve acquired them I’m really in for the long term. I have a traditional IT portfolio which I’m happy to add small tranches of stocks like this one, PCT and others that have a higher yield. Mainly funded by dividend income.And finally a special situation element which is usually single stocks. That has a really specific bank focus at the moment and the overall return has been very enhanced by HSBA.Externally I also invest in startup. Directly, through a syndicate and on platforms. So, VCL is invested in several of the companies I have private equity holdings in. Overall the stock hasn’t performed great, I’m down 5%, but as you’ve noticed it’s a good yield, I think it’s a great team, an exciting sector and for practical terms gives me yield on my high growth portfolio. So now I feel like I’m rambling ISF & IUKD are I’m my wife’s portfolio. So, it’s easy for her to deal with if I’m not around, she’s able to average in for the next 5 years, they look cheapish given her long term horizon. Not super cheap, but OK. NRR it’s a good team, I like the strategy (it’s worth watching their videos) it’s part of a marginal diversified, so I’m willing to take the punt on interest rates and consumers. The Woody thing is a worry, especially if he had to sell out quickly.....REC I know very well, been adding for some time, again it’s a very high quality team, I wanted a less direct FX play, so that helps with that. I suppose overtime you get a feeling for the “over reaction” so I’ve had a reasonably good run of total return from them. I’ve got a number of EM holding, so comfortable with volatility. If I’m honest I don’t really start sweating until something has gone down 20%. IAPD. I bought in periods of distress. It looks cheap to me at the moment, but not as cheap as it’s been in the past. I haven’t been able to make my mind up. Interesting that you’ve bought it. This can be a lonely old game, none of my friends or family are interested, so always good to see the opinion of others on here you respect. Apologies for any typos. Beer festival last night & iPhone don’t make for easy trying.And I’ve got a banging hangover.DL
PrefInvestor1
04 May 2018
Re: Still adding - devonplay Hi Devon,I like REITS but frequently concerned about the retail emphasis of NRR. So many retailers going out of business.... Also Woody owns this which is also a worry !. I do currently hold it though, won’t be adding myself. Too volatile for my liking.Interested in the other stocks that you have listed.I bought IAPD a couple of weeks ago and IUKD. Both up ~3% now as I recall. What’s the attraction in ISF if you don’t mind me asking ?. A FTSE 100 tracker......?. Not on my shopping list.VSL. Nice yield. Another debt investment by the sound of it. I already have SMIF, RECI and NCYF. Is this one any good ? . You sound as if you have held it for a while ?REC. Not heard of this one either, currency hedging ?. Low yield and low share price also, always a worry as small changes have a bigger %ge effect. Taken a big dip just lately...?Be interested in your thoughts on these.ATBPref
