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by bluedonkey
September 10th, 2019, 12:18 pm
Forum: Investment Trusts and Unit Trusts
Topic: Proportion of portfolio in Investment Trusts
Replies: 55
Views: 2713

Re: Proportion of portfolio in Investment Trusts

Thank you very much for that. I'm going to go out on a limb here and say that looks like the active ITs reverting to mean, i.e. VWRL.
by bluedonkey
September 10th, 2019, 10:03 am
Forum: Investment Trusts and Unit Trusts
Topic: Proportion of portfolio in Investment Trusts
Replies: 55
Views: 2713

Re: Proportion of portfolio in Investment Trusts

I'm torn between going for international generalist ITs like FCIT and Witan - or just having a low cost world tracker such as VWRL. Are you able to include VWRL in your graph?
Cheers.
by bluedonkey
August 13th, 2019, 5:29 pm
Forum: High Yield Shares & Strategies - general
Topic: When to draw down the capital
Replies: 24
Views: 1738

Re: When to draw down the capital

Thank you Alaric for the exec summary! The scenario appears to be ISA + Taxable pot. Sell off the taxable pot to equate to the income that could be drawn from - but is instead accumulated in - the ISA. Where there is ISA + Taxable pot + SIPP, there is a further tax complication in that preserving th...
by bluedonkey
August 12th, 2019, 4:30 pm
Forum: High Yield Shares & Strategies - general
Topic: Sell or not sell
Replies: 84
Views: 3162

Re: Sell or not sell

I have Rentokil (RTO) in my HYP. It was HYP when I bought it in July 2006. It is now yielding about 1%. The dividends are however increasing at 15% per year. For those who do believe in tinkering/trimming, should I? The capital value is about 3.5% of the portfolio.
by bluedonkey
July 27th, 2019, 8:43 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: AstraZeneca: Where Has All the Cash Gone?
Replies: 82
Views: 6741

Re: AstraZeneca: Where Has All the Cash Gone?

In a rare move, I sold out of AZN about 6 months ago at about £56. I didn't, and don't, trust their adjusted eps. Over many years, it consistently flatters the basic eps. Eventually the dividend will have to suffer, so a 3.3% yield doesn't look particularly secure to me.
by bluedonkey
July 8th, 2019, 10:12 am
Forum: Investment Strategies
Topic: The 2 stock portfolio.
Replies: 51
Views: 4518

Re: Two stock portfolio.

Dod101 wrote:And your point?

Dod

It's pastcaring.
by bluedonkey
July 2nd, 2019, 11:09 am
Forum: Investment Strategies
Topic: What return are you targeting?
Replies: 91
Views: 7306

Re: What return are you targeting?

bluedonkey wrote:My HYP (well, largely HYP) has produced 8.8% IRR over the last 16 years.

CORRECTION: that should read 8.3%.
by bluedonkey
July 1st, 2019, 9:07 pm
Forum: Investment Strategies
Topic: What return are you targeting?
Replies: 91
Views: 7306

Re: What return are you targeting?

My HYP (well, largely HYP) has produced 8.8% IRR over the last 16 years.
by bluedonkey
June 17th, 2019, 5:47 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Kier suspends its dividends
Replies: 27
Views: 2917

Re: Kier suspends its dividends

Interesting contrast with Morgan Sindall who published their daily net cash/debt position for the last financial year. I think it was net cash throughout.
by bluedonkey
May 17th, 2019, 10:33 am
Forum: Investment Trusts and Unit Trusts
Topic: Scottish Mortgage and the Eighth Wonder
Replies: 33
Views: 3442

Re: Scottish Mortgage and the Eighth Wonder

Luni,

What's your view of the outlook for ADIG?

BD
by bluedonkey
May 15th, 2019, 10:57 am
Forum: High Yield Shares & Strategies - general
Topic: Whether HYP (as defined in the guidelines) works
Replies: 179
Views: 5464

Re: Whether HYP (as defined in the guidelines) works

One of the really good things going for it is that it teaches an aversion to trading, and that is very important as we know that almost all investors - whether amateur or professional - lose money by trading. One of the original authors, or perhaps the original author, was a personal tax accountant...
by bluedonkey
May 15th, 2019, 10:47 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Compass Group Interims
Replies: 12
Views: 468

Re: Compass Group Interims

Yes, I bought it in October 2005. It was recommended at the time as it was in HYP territory then.
by bluedonkey
May 13th, 2019, 10:55 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Big Week for Vod
Replies: 46
Views: 3495

Re: Big Week for Vod

What's the fuss? He asked to be deleted. He was deleted.
by bluedonkey
May 9th, 2019, 10:16 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Imperial Brands Half Yearly Report
Replies: 103
Views: 5196

Re: Imperial Brands Half Yearly Report

Here's a summary of the last 5 years basic EPS, adjusted EPS and dividend. Adjusted EPS is what gets used though I don't why the basic EPS isn't picked up more. L=||30/09/18||30/09/17||30/09/16||30/09/15||30/09/14 L=Basic EPS||143.6||147.6||66.1||177.4||148.5 L=Adjusted EPS||272.2||267.0||249.6||212...
by bluedonkey
May 8th, 2019, 10:28 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Imperial Brands Half Yearly Report
Replies: 103
Views: 5196

Re: Imperial Brands Half Yearly Report

Dividend 62.56p per share, adjusted EPS 115.6p but basic EPS - surprise - a lot less at 71.2p. If I get time I'll review the 5 year record of basic v. adjusted EPS.
by bluedonkey
April 9th, 2019, 10:42 am
Forum: High Yield Shares & Strategies - general
Topic: High yield vs other investing strategies
Replies: 87
Views: 5598

Re: High yield vs other investing strategies

everhopeful wrote:I cannot understand most of what Pastcaring is writing.

Me too. It's a struggle to decipher it.
by bluedonkey
April 2nd, 2019, 10:12 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: United Utilities: fit to keep holding?
Replies: 33
Views: 1676

Re: United Utilities: fit to keep holding?

I've reviewed the 5 year history of basic and adjusted EPS. The company doesn't appear to be massaging the adjusted EPS, so that's an absence of a negative, I suppose.
by bluedonkey
March 19th, 2019, 10:19 pm
Forum: High Yield Shares & Strategies - general
Topic: Dod's high yield portfolio
Replies: 35
Views: 3109

Re: Dod's high yield portfolio

I've come late to this thread, but I noticed the large holding in L&G. Just to comment that L&G is my largest holding at c.8%+. Unfortunately I don't own Unilever!
by bluedonkey
February 23rd, 2019, 2:36 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Pearson Finals
Replies: 10
Views: 776

Re: Pearson Finals

For once, Pearson's adjusted EPS is actually lower than the basic EPS, 70.3p versus 75.6p. In each of the previous four years, the adjusted EPS was higher than the basic. Here's the summary for 5 years: L=||2018||2017||2016||2015||2014 L=Basic EPS||75.6||49.9||-286.8||-43.3||24.7 L=Adjusted EPS||70....
by bluedonkey
February 21st, 2019, 5:38 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: BAE Systems Report
Replies: 4
Views: 738

Re: BAE Systems Report

Another company where the adjusted EPS is consistently higher than the basic EPS. It's the adjusted EPS that appears to get into the headlines and the P/E ratios etc.

2018 basic EPS 31.3p versus adjusted of 42.9p

This pattern is the same in each year going all the way back to 2013.

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