PinkDalek wrote:I've held Imperial since they demerged from Hanson. TJH might tell us when that was but it was about 1996. I downsized once in 2008 or thereabouts, as I need cash for something else. I'd always intended to continue downsizing, as it was one of my two oversized holdings but the larger one took preference in using up my CGT annual exempt amount. I think I've lost about 35% over the last 12 months and that amounts to a considerable sum.
The dividend yield is, of course, impressive and I can't say I don't enjoy the quarterly dividends and I'm aware this is High Yield Portfolios (HYP) - Practical.
Would I top up?
Most definitely not but I'll probably continue to hold for the time-being.
The demerger was on 01-Oct-1996, and the demerged price was 375p. I added to them in March 1997 at 417p, in November 1997 at 369p and in May 1998 at 440p.
Then in April 2002 I sold the rights and trimmed back my holding in June at 1083p.Trimmed again in March 2003 at 986p and in March 2007 at 2323p. A further trim in January 2008 at 2669p was followed by selling the rights in June 2008. I topped up in July 2013 at 2279p and again in August 2013 at 2233p.
In February 2016 I trimmed again at 3579p, and topped up in October 2017 at 3130p.
The dividend has risen from an original 21.4p to the current 170.72p, and the XIRR works out at 21.0%. IMB is currently top of my rankings for topping up, perhaps at the end of the month, but that might be pre-empted if Segro rises relative to the median, currently BAE Systems.
No reason to contemplate a disposal. My current holding is about 60% of the shares after the top-up in March 1997 and 50% of the maximum held in 1998.