J_Westlock
28 Jun 2019
Trumped Again! PrefInvestor1: Well logged on to my broker this evening and it would seem that I have been allocated ALL of the SEWI shares that I asked for. At 113.x today and costing onky 108;I should have asked for more !. No email or anything giving the details, but the corporate action line was gone and the share count updated. Yes. Same for me… I also see that NRR’s scrip divi price is 182.28p (for next year’s March divi) but don’t think that’s what influenced today’s increase. Are we sure that Woodford Investment Management has to sell their whole NRR holding? Or even any of it?
regardless
28 Jun 2019
Trumped Again! I rest my case ANOTHER ONE BLIMEY
PrefInvestor1
27 Jun 2019
Trumped Again! Hi Again @J_Westlock, Well logged on to my broker this evening and it would seem that I have been allocated ALL of the SEWI shares that I asked for. At 113.x today and costing onky 108;I should have asked for more !. No email or anything giving the details, but the corporate action line was gone and the share count updated. NRR up a tad, but still staying out myself as no Woodford sales have been registered. ATB Pref
ValueSeeker8
27 Jun 2019
RNS Director/PDMR Shareholding Vodafone’s CEO Nick Read got 387,888 shares @125.09 and CHRO Leane Wood got 462,823 shares also at 125.09. Both purchased in connection with the Vodafone Global Incentive Plan according to the Director/PDMR Shareholding RNS! Best Regards @ValueSeeker8
jackdawsson
26 Jun 2019
Buy 198.32 (shares) As VOD holders will have noted, VOD’s near 10-year closing low was a disappointing 123.32 on 23rd May. Interestingly, Intraday lows today & yesterday also hit same level: 123.32. Obviously a key support level that’s held so far. Today VOD closed 125.76. Though too early to be wholly confident, such re-tests of key support levels without breaking them are often bullish indicators for reversals to much higher levels. Let us hope so. Having sold all my VOD spread-bet longs at huge loss at 133.30 as posted in this thread, I’ll no doubt also take a hit on my VOD shares at some point, ie. buys at 175+ & 198+. But I’d decided that wasn’t to be at L/T lows in the 120s, so holding on largely from sheer doggedness. I’ll keep my VOD positions under frequent review. Next key recent resistance level is 134+. - GLA.
PrefInvestor1
26 Jun 2019
Trumped Again! Hi Again @J_Westlock, Well yes I quite understand your point of view, difficult to pay a heavy premium just for sentiment. I bought all mine some time ago and they have all done really well, up over 20% over about the last year. However right now if you want to own a renewable energy trust that’s the way the prices are, see summary of the sector below:- [link] I think that people likely buy these for three reasons:- They want to be green and invest in renewable energy They want the reliable income stream, sort of 5.x% often with annual RPI increases, even at today’s prices They like the fact that these investments are pretty decoupled from events in the stock market. If equities fall then it doesn’t typically affect these trusts. As I have already said the only way to get in cheaper is to wait for the next one that’s raising funds, which most of them do pretty regularly. From memory UKW did two fund raises last year, TRIG one, JLEN one - can’t eecall anything from NESF, FSFL or BSIF. No idea which will be next though. I already have about 15% of my portfolio invested in these so I have no plans to buy anymore. Just holding what I have for the income. ATB Pref
J_Westlock
26 Jun 2019
Trumped Again! PrefInvestor1: In renewables I have most of them BSIF, FSFL, JLEN, NESF, TRIG & UKW. All yield 5.x% mostly RPI linked but all trade at close to a 10% premium. Yes, some like JLEN are over 15% premium… I certainly wouldn’t buy a fund when so much over NAV.
Eadwig
25 Jun 2019
Trumped Again! J_Westlock: Are you saying he has also switched over listed stocks? That was my understanding, yes, but it was a while ago now. I think there were some posts about it in another place. When I get time I’ll take a look back if I can and refresh my memory and report back.
J_Westlock
25 Jun 2019
Trumped Again! Eadwig: He did an interchange between funds so they got spread around. Hi @Eadwig - I thought it was only some of the unquoted stocks that he was switching from his Equity Fund to another (the ‘Patient’ one I understood)? Are you saying he has also switched over listed stocks? Unless I’m not looking at the site properly… the Woodford site doesn’t have much info on what is going on.
Eadwig
25 Jun 2019
Trumped Again! PrefInvestor1: They also have a shedload of RAV, RAVC & RAVP as well - not sure in which fund exactly. He did an interchange between funds so they got spread around. His holdings in bigger companies wont make much difference, but in a smaller company like BUR (not that small, biggest AIM company by market cap I believe) I’m buying the dips and selling for profits as a new range appears to be establishing. Obviously Woodford will be taking as much as he can get - although no sign of a holdings RNS yet to say he has released a significant percentage yet.
PrefInvestor1
25 Jun 2019
Trumped Again! Hi Again @J_Westlock, Yes 27th as I recall for SEQI results of the offer to be published. The NRR website gives periodic updates on the share ownership situation or you can do a search of all of the “Holding(s) in Company†RNSs using their search facility here:- [link] The most recent from Woodford is dated 19th June and details their holding at 12.78%, no change since then. St James Place sold 0.5% on 24th June though. There is also this thread over at the Lemon Fool where I have been posting updates:- [link] ATB Pref
J_Westlock
25 Jun 2019
Trumped Again! Yes, I guessed SEQI would be oversubscribed… I assume we will find out the allocation on Thursday(?) NRR I’m pleased is moving reasonably predictably and yes certainly worth watching to see if you can get in again at ‘the bottom’… which is what I intend to do. Do you know how to track how much say of NRR (of any yet) has been sold by Woodford Investment Management? AJ Bell platform informs it is still 15.62% but I’m not sure if that is accurate or up to date. If/when we that holding decreasing a few % then it will give some indication of future impact on the whole being sold off I guess.
PrefInvestor1
25 Jun 2019
Trumped Again! Hi @J_Westlock, I see that the SEQI share issue was heavily oversubscribed which I guess is good but likely means that we won’t get however many shares we applied for. Price up strongly to 112.6 today. RMDL dropped a bit today to ~100 I see (that’s probably the selling price but buying price now likely 101.x ?. Haven’t checked.) still thinking on that one. Company is smaller than I would like… KIE continues to bounce around like a ping pong ball. They are selling stuff off, last throes in progress…? SAGA too in free fall by the look of it. 33.x today, I held them when they were 120ish !. Got out ages ago fortunately. VOD hitting new lows today I see, down 2% at 123.7. Who’d have believed that 12 months ago !. BT dropping probably due to a Deutsche Bank downgrade. Had recovered to low 200s, back at 194.x today. NRR made it under 180. I shall get interested again at about 165 Of those only RMDL and NRR are of any interest to me. ATB Pref
mememe
24 Jun 2019
Slight surprise that no comments on price collapse here? @jackdawsson, thanks. Still a consultation period so goodness knows when. ‘The FCA’s consultation on new rules for switching and feedback on the questions regarding exit fees runs until June 14. The FCA may then consult on final rules for exit fees’.
jackdawsson
24 Jun 2019
Slight surprise that no comments on price collapse here? @mememe With a bit of luck you may be able to move soon without incurring any exit fees. Final decision still pending, but FCA say plans may be afoot to scrap all broker exit fees. The sooner the better. - GL. This is Money – 14 Mar 19 City watchdog could ban DIY investing platform 'exit fees' Exit fees imposed on customers who want to move their money to another platform have long been seen as a significant concern.
