Search found 284 matches

by pyad
September 11th, 2019, 10:39 am
Forum: Investment Strategies
Topic: Share buybacks: a beautiful thing
Replies: 96
Views: 3332

Re: Share buybacks: a beautiful thing

Not all that amazing, I think, provided one understands that the market hates uncertainty. The numbers of additional PPI claims are large and definitely not good news for the banks - but they are now known large limits to the banks' liabilities rather than unknown large limits, and that removes qui...
by pyad
August 27th, 2019, 11:38 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Good buy RIO - RTZ
Replies: 17
Views: 1449

Re: Good buy RIO - RTZ

...If high yield is the problem, they why hold it at all? - just sell it - otherwise one is chasing the yield. And finally, if 6-7% is too high, then there are an awful load of other shares in that same ball park we should be avoiding or selling. Arb. Agreed. I've just checked and according to my s...
by pyad
August 22nd, 2019, 9:35 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: South 32 Results
Replies: 4
Views: 1173

Re: South 32 Results

Their headline states: South32 delivers strong operating result, reshapes portfolio and increases returns to shareholders I didn't know whether to laugh or lachrymate at the last bit of this sentence about increasing returns to shareholders. Normal divs have been cut by about 25% as you say. Worse w...
by pyad
August 21st, 2019, 10:39 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: My HYP as of 21 Aug 2019.
Replies: 16
Views: 1544

Re: My HYP as of 21 Aug 2019.

Far too many insurers Ian. I make it five: Admiral, Aviva, Direct Line, Legal & General, Phoenix. Assuming you put the same equal amount in each as you have in your other shares, that's over concentrated I'd say. However you may have taken your unit investment and divided it by five, thus not ov...
by pyad
August 20th, 2019, 10:04 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Greene King - SOLD!
Replies: 111
Views: 4664

Re: Greene King - SOLD!

A good example of what I call "market trading" I think, the corporate action mechanism which is likely to change even eternity HYPs very gradually over long periods. What is interesting perhaps is that GNK in my opinion was one of the most unlikely shares amongst common HYP holdings to be ...
by pyad
August 19th, 2019, 10:26 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: The history of HYP4, and the possibility of reviving it
Replies: 55
Views: 2445

Re: The history of HYP4, and the possibility of reviving it

...But HYP4 is probably possible, provided is is treated as a non- tinkering HYP between where pyad left it and now - tinkering decisions are if anything even more difficult to do in an unaffected-by-hindsight way than cash-takeover-proceeds-reinvestment decisions, because for cash takeovers, the f...
by pyad
August 16th, 2019, 10:57 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: When to Top-Up a HYP not yet in Drawdown (spun out of ITH's Pyad update)
Replies: 24
Views: 1740

Re: When to Top-Up a HYP not yet in Drawdown (spun out of ITH's Pyad update)

Are routine top-ups a good idea? Assuming the cash is there so one isn't buying in tiddling amounts. On the one hand, they oblige one to do something rather than nothing, which gives the benefit of pound-cost-averaging. OTOH, sometimes the right thing to do would be nothing. Which on the whole is w...
by pyad
August 15th, 2019, 5:55 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: impulse sell, oh dear
Replies: 22
Views: 1767

Re: impulse sell, oh dear

As I remember Pyad preferred the bigger index, as I do myself, but would not explicitly rule out a 250; is it the highest sustainable yield in a new sector? As Arb said we might get a ruling I and most HYPers would be able to decide for themselves if it was a suitable buy for their port. Agreed. I ...
by pyad
August 13th, 2019, 11:14 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: HSBC the Future
Replies: 34
Views: 2640

Re: HSBC the Future

I hope you’re right Dod. As I mentioned elsewhere, I hold these alongside Lloyd’s. I’m happy to continue holding both, but as I can’t tell the future, here’s hoping that both will come good, particularly on the dividend front. Ian. One of the very few, maybe the sole, sensible comment on this threa...
by pyad
August 10th, 2019, 3:20 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Potential August topups
Replies: 37
Views: 2351

Re: Potential August topups

...Lloyds I'll have a think about. It has strong cover, but I've already sunk a big chunk over the years - 4.25% of capital - with little reward... We've had this discussion before but I fail to see why the proportion of cost that you have already sunk into Lloyds, or any share, should play any par...
by pyad
August 8th, 2019, 8:46 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Aviva Half Yearly.
Replies: 57
Views: 2343

Re: Aviva Half Yearly.

As I recall the 2002 divi was about 44p (and the SP about 1200p) and don't mention the golden ticket issue in their French company! In that case I suggest you lay off the scrumpy jack RS: expletive phrase removed As monabri's link shows, since 2000 the div maxed at 38p but that was in 2000 and 01. ...
by pyad
August 1st, 2019, 10:53 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Shell 2nd Quarter 2019 and Half Year Unaudited Results
Replies: 9
Views: 1345

Re: Shell 2nd Quarter 2019 and Half Year Unaudited Results

Just checking my records, it was June 2014 when the quarterly dividend last increased (from $0.45 to $0.47). A full five years of frozen dividends (in $ of course, not in £)! A lot of questions for the LTBH investor about the decline of oil: Will oil prices go up or down? Will supply reduce faster ...
by pyad
May 3rd, 2019, 4:09 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: HSBC 1Q19 EARNINGS RELEASE
Replies: 19
Views: 1425

Re: HSBC 1Q19 EARNINGS RELEASE

The fuller wording in the HSBC Holdings plc Annual Report and Accounts 2018 at page 17 was: Dividends We plan to sustain the annual dividend in respect of the year at its current level for the foreseeable future. Growing our dividend will depend on the overall profitability of the Group, delivering...
by pyad
May 3rd, 2019, 1:26 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: HSBC 1Q19 EARNINGS RELEASE
Replies: 19
Views: 1425

Re: HSBC 1Q19 EARNINGS RELEASE

They told us some time ago that there would be no increase in the dividends for 2019 and I suspect when a dividend increase does come it will be in the final for the year not the three interims. Dod That's not exactly what they said in their most recent comment on the subject. The actual wording in...
by pyad
May 1st, 2019, 9:47 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: How many shares in a HYP?
Replies: 86
Views: 3524

Re: How many shares in a HYP?

Thanks for the clarification, I hadn't noticed that point. It does beg the same question as with capital weightings of individual shares: if balance is important at the beginning why isn't it important to maintain that balance? Or if the balance can be allowed to wander over time, why is it importa...
by pyad
May 1st, 2019, 9:27 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: PYAD HYP 2019_04 – Update 30 April 2019
Replies: 25
Views: 2006

Re: PYAD HYP 2019_04 – Update 30 April 2019

The explanation is simple: there are none that qualify - at least from the big supermarkets, though I don't know about other retailers. No supermarket has a suitable five year history of dividends and apart from arguably SBRY, the yields are too low: so they would not show on the HYP radar. Marks m...
by pyad
May 1st, 2019, 9:02 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: How many shares in a HYP?
Replies: 86
Views: 3524

Re: How many shares in a HYP?

I believe it was implied, right from the beginning*, by buying equal weight of shares However, I doubt any of his readers at that point thought about what would happen subsequently to sector balance as we all rushed off taking care of the (in my view more practical) company balance. So, it's possib...
by pyad
April 30th, 2019, 1:01 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: How many shares in a HYP?
Replies: 86
Views: 3524

Re: How many shares in a HYP?

Sure I introduced a new rule, so what? So, nothing - except that as a new spin - or even a new rule - I felt it should be acknowledged as such. In no sense was I criticising you for doing so or saying whether it is right or wrong so there's no need to get all jumpy about my pointing it out. 8-) Not...
by pyad
April 30th, 2019, 10:56 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: How many shares in a HYP?
Replies: 86
Views: 3524

Re: How many shares in a HYP?

Then why not simply prefer the higher yielder? Surely picking an additional lower yielding share in the same sector is automatically suggesting you know something about its long term future, or a lack of confidence in your selection criteria? The principal reason for multiple choice sectors is to r...
by pyad
April 30th, 2019, 10:36 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: How many shares in a HYP?
Replies: 86
Views: 3524

Re: How many shares in a HYP?

Maybe someone can put me right here: isn't this idea of "equal sector weighting" a new take on HYP? As far as I know, all our previous constructions and maintenance thereof have been primarily based around the company capital weight - I don't remembered anything in the original guidelines...

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