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by Gengulphus
November 16th, 2019, 10:04 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: HYP1 is 19 - thread discussing income and capital diversification
Replies: 45
Views: 1255

Re: HYP1 is 19 - thread discussing income and capital diversification

So I'm not criticising HYP1 for failing to be a completely 'hands off' HYP, since I don't think running such a HYP is a realistic aim So what would you propose for a Dorisian portfolio? Basket of ITs? No - what I would suggest for a ' Doris ' with a HYP is employing a discretionary financial advise...
by Gengulphus
November 16th, 2019, 9:28 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: HYP1 is 19 - thread discussing income and capital diversification
Replies: 45
Views: 1255

Re: HYP1 is 19 - thread discussing income and capital diversification

But I don't like the concentration or the income volatility which gradually evolved. So I drew three lessons. 15 shares wasn't enough for me, I wanted a lot more. I accept I'm pretty much certain to pick the dogs, which I think ends up impacting capital value more than income. But it should mitigat...
by Gengulphus
November 16th, 2019, 9:04 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: HYP1 is 19 - thread discussing income and capital diversification
Replies: 45
Views: 1255

Re: HYP1 is 19 - thread discussing income and capital diversification

I suspect I have not explained the assumption. Always remember that while you are earning an alternative income and 'building' you can rebalance the HYP. It's when you move into drawdown that the HYP becomes fixed. Really? I must be mistaken in believing that drawn-down dividends from my HYP have b...
by Gengulphus
November 16th, 2019, 8:55 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: HYP1 is 19 - thread discussing income and capital diversification
Replies: 45
Views: 1255

Re: HYP1 is 19 - thread discussing income and capital diversification

Are you saying you remember the rules of the game of 19 years ago? I had never heard of TMF at that time and certainly had never heard of pyad. You are introducing things that are certainly news to me, not to say that they did not exist of course........... The 'rules of the game' 19 years ago are ...
by Gengulphus
November 16th, 2019, 8:48 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: HYP1 is 19 - thread discussing income and capital diversification
Replies: 45
Views: 1255

Re: HYP1 is 19 - thread discussing income and capital diversification

First of all, if I remember correctly, HYP1 was not set up as being the only income stream available to its owner. On the contrary, the original investment amount of £75,000 was arrived at because it was then the maximum amount allowable for withdrawal from a Personal Pension scheme. ... Why rely o...
by Gengulphus
November 16th, 2019, 11:28 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: HYP1 is 19 - thread discussing income and capital diversification
Replies: 45
Views: 1255

Re: HYP1 is 19 - thread discussing income and capital diversification

I continue to believe that the developing concentration-risks to income and capital of taking such an approach Yet after 19 years there is no evidence of the manifestation of this theoretical risk, and in that time we had the biggest financial crisis since 1929. On the contrary, there is such evide...
by Gengulphus
November 15th, 2019, 12:13 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: HYP1 is 19 - thread discussing income and capital diversification
Replies: 45
Views: 1255

Re: HYP1 is 19 - thread discussing income and capital diversification

I think HYP1 is a great experiment in how a completely 'hands-off' income-portfolio might develop, ... Sorry, but I disagree, because HYP1 has not been run in a completely 'hands-off' way. If it had been, it would be missing its current holdings in BA Tobacco, BT Group, Dixons Carphone, GlaxoSmithK...
by Gengulphus
November 15th, 2019, 8:17 am
Forum: The Natural World
Topic: SSSI
Replies: 3
Views: 145

Re: SSSI

Does anyone know how you go about getting an area of land considered for SSSI status? I've approached the local council and they say they have no jurisdiction. I think Natural England are involved but I don't know who can approach them with the suggestion. I don't want to jump the gun here, I want ...
by Gengulphus
November 15th, 2019, 7:45 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: National Grid Interims
Replies: 16
Views: 763

Re: National Grid Interims

... as I became a bit more relaxed about the Corbyn risk, as it appeared to be dwindling (hopefully). ... I'm not - especially after hearing about Labour's plans with regard to BT on this morning's news... It's a risk one basically has to take if one wants to live in the UK, as there are few UK com...
by Gengulphus
November 14th, 2019, 2:25 am
Forum: High Yield Shares & Strategies - general
Topic: Dividend Yield on FTSE 100
Replies: 31
Views: 1013

Re: Dividend Yield on FTSE 100

Now give us the yield on some of the tracker funds. If they are doing what they are supposed to do, it should be much the same as the yield on the index, give or take charges and tracking error. But are they doing what they are supposed to do? No amount of evidence about what the FTSE100 yield is w...
by Gengulphus
November 14th, 2019, 2:09 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: HYP1 is 19
Replies: 7
Views: 772

Re: HYP1 is 19

Switching M&B to Marstons in HYP1 would boost income next year, and I would have thought ditching a non-payer was justified, even for a nominal non-tinker HYP. Yes, it's quite easy to justify selling a non-payer from a HYP - but if one actually does it, the HYP becomes a tinkering HYP and so is...
by Gengulphus
November 14th, 2019, 1:52 am
Forum: Company Share news (LSE Main Market)
Topic: Marks and Spencer Group PLC (MKS)
Replies: 71
Views: 1686

Re: Marks & Spencer Group PLC (MKS) - Interim Results for Year Ending 31 Mar 2020

... For what its worth Stockopedia use 17.2 17.9 17.9 17.9 and 13.6 for the last 5 years. That looks as though Stockopedia adjusted the interim but not the final - it matches the adjusted interim 6.53p and the unadjusted final 7.10p given by Dividenddata other than being rounded to one decimal plac...
by Gengulphus
November 14th, 2019, 12:37 am
Forum: Company Share news (LSE Main Market)
Topic: Bovis Homes Group (BVS)
Replies: 2
Views: 118

Re: Bovis Homes Group (BVS)

Bovis Homes Group has agreed to change its Name within six months from completion to a name to be decided by employees. What the RNS says about how the name will be chosen is " It is intended that the new corporate name will be decided by the employees of the Enlarged Group by way of a competi...
by Gengulphus
November 14th, 2019, 12:07 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: SSE Interims
Replies: 22
Views: 795

Re: SSE Interims

Odd that this RNS did not make it to Investegate, but was picked up by ADVFN, see https://uk.advfn.com/stock-market/london/sse-SSE/share-news/SSE-PLC-Half-year-Report/81130485 It has made it on to Investegate - see https://www.investegate.co.uk/sse-plc--sse-/rns/half-year-report/201911130700081889T...
by Gengulphus
November 13th, 2019, 11:32 pm
Forum: Games, Puzzles and Riddles
Topic: Neat
Replies: 3
Views: 276

Re: Neat

Here is a quick alphametic. ANTE ETNA - ---- NEAT Spoiler... It's a bit easier to think about this if we turn it into the addition: bcd NEAT ETNA + ---- ANTE in which c, d and e are the carries between the columns, each equal to 0 or 1. The individual column sums are then: b+N+E = A c+E+T = N+10b d...
by Gengulphus
November 13th, 2019, 9:44 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Vodafone Half Yearly Report
Replies: 53
Views: 1425

Re: Vodafone Half Yearly Report

... The simple question I ask myself, is where does the dividend come from. ... And the simple answer you should give yourself is that you cannot tell. As a highly simplified example to illustrate why you cannot tell, imagine a company that has £1b coming in from operations and another £1b coming i...
by Gengulphus
November 11th, 2019, 8:51 am
Forum: Company Share news (LSE Main Market)
Topic: Marks and Spencer Group PLC (MKS)
Replies: 71
Views: 1686

Re: Marks & Spencer Group PLC (MKS) - Interim Results for Year Ending 31 Mar 2020

Yes, I get the Rights issue (and the maths but thank you). But why are they, and you adjusting 18.7p anyway is my question? You asked how the adjustment to 17.75p is explained, not why they are doing the adjustment, and I'd already said why they (and I) do it in post #263267 above. So I answered th...
by Gengulphus
November 10th, 2019, 2:42 am
Forum: Company Share news (LSE Main Market)
Topic: Marks and Spencer Group PLC (MKS)
Replies: 71
Views: 1686

Re: Marks & Spencer Group PLC (MKS) - Interim Results for Year Ending 31 Mar 2020

How does the 17.75p for 2019 get explained? Basically by a post-rights-issue share only being the equivalent of a fraction of a pre-rights issue share, since part of its capital value has been returned to the share holder as rights, and the shareholder has always benefited from that one way or anot...
by Gengulphus
November 9th, 2019, 7:33 pm
Forum: Company Share news (LSE Main Market)
Topic: Marks and Spencer Group PLC (MKS)
Replies: 71
Views: 1686

Re: Marks & Spencer Group PLC (MKS) - Interim Results for Year Ending 31 Mar 2020

I would always be looking forwards not backwards anyway. In share selection criteria terms etc. I know HYP-P practitioners are interested in dividend history but to me that is barely relevant, nor I guess should it be to HYPsters once shares have been selected and "strategic ignorance" ta...
by Gengulphus
November 9th, 2019, 5:53 pm
Forum: Company Share news (LSE Main Market)
Topic: Marks and Spencer Group PLC (MKS)
Replies: 71
Views: 1686

Re: Marks & Spencer Group PLC (MKS) - Interim Results for Year Ending 31 Mar 2020

I don't own shares in MKS but isn't there a 1 for 5 rights issue, May 19, to be taken into account? Good point, I don't hold either but that seems to explain much of the differences! Not that I can can recall why a 1 for 5 effectively reduces the numbers by 5%. Basically, if a 1-for-5 rights issue ...

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