GDHYP purchase 51
Posted: August 23rd, 2018, 11:33 pm
This is my long-overdue post to kick GDHYP back into action, following its period of no activity since it selected its 44th purchase near the start of June 2017. Many thanks to heathmount for posting a reminder about this matter about a month ago - it's taken a while for me to find the time to do it, but it did stir me into activity!
Fifteen monthly instalments of regular savings have arrived during that period, as well as a similar amount of dividends arriving and five corporate events changing the portfolio, namely Carillion's collapse, a rights issue by Galliford Try, a dividend cut by Pearson and two mergers. I should have made a total of seven purchases during the period, near the starts of August, October and December 2017, and of February, April, June and August 2018. I caught up on my record-keeping about all the things that had already happened on Monday and Tuesday this week, and belatedly selected the shares for the first six of those purchases late on Tuesday, using GDHYP's 'top-up procedure'. This was just in time to enter those purchases (which are GDHYP's 45th to 50th purchases) as orders for the Halifax ShareBuilder scale-model version of GDHYP for Halifax ShareBuilder's 'investment day' on Wednesday (yesterday). I have described all of that in more detail in a new "GDHYP catch-up and purchases 45-50" thread and will add further details to it when time permits. Please post any questions about or discussion of those matters to that thread and not this one, to leave this thread uncluttered for its purpose.
I have also reviewed and revised GDHYP's rules/guidance about what shares are acceptable candidates for a purchase and posted them in a new "GDHYP purchase candidate rules/guidance" thread, again to keep this thread uncluttered for its purpose, and also to make them easy to refer to in future GDHYP selections. The main points of them as they apply to this selection are given below, but please refer to that thread if you want more details, and if you're still left with questions about them or wish to discuss them, please ask the question or discuss them there, not here.
So the purpose of this thread: What share (within GDHYP's rules) do you think is the best one for GDHYP to buy for the last of its outstanding purchases, which will be GDHYP's 51st purchase? Note that best means best (as you see it, of course): please don't nominate a different share just because someone else has nominated the one you think best first, or give a list of all the shares you think are good enough, etc. (These are things people really have done in the past, and are great wasters of everyone's time... I.e. I'm not inventing an imaginary problem here!)
To summarise the rules that apply to this selection (as said above, please go to the thread linked to there if you need more details):
* Shares must be in the FTSE 350.
* Shares must have a yield >= 3.58% (this has some leeway below the FTSE 100 yield to allow for different varieties of yield and share price fluctuations).
* Shares must pay their dividends under the UK tax regime (this is almost guaranteed by FTSE 350 membership, but not quite - e.g. this rules out RDSA).
* Investment trust/company shares and preference shares are not allowed, though REITs (and just possibly a few others) are allowed as exceptions, and asset managers do not count as investment companies.
* Top-up purchases of existing shares in GDHYP are only allowed if the company name in the first table below has a "+" sign at its start.
* Initial purchases of new shares for GDHYP are not allowed if they are in financial sectors or the Energy Utilities (gas and/or electricity), Booze or Tobacco sectors.
The current state of the portfolio is given in the table below, and the amount available for the purchase will be £2,080.00 (this is based on the amount of cash GDHYP had available near the start of this month, and all of this is about the full-scale version of GDHYP). The rest of the portfolio's current cash will be added to by September's regular savings and the dividends that arrive over the next month and a bit, and used for the portfolio's 52nd purchase, due near the start of October.
And the following table summarises the sector breakdown of the portfolio as it is used in the above:
Finally, my rough anticipated schedule for the rest of this purchase are:
Saturday evening: Nominations close and I post the pre-poll. If there are more candidates than a single TLF poll can handle, I may well prune out some of the (IMHO) less likely ones to succeed rather than accept the extra complexity of a multi-part poll.
Monday evening: The pre-poll closes and I post the final run-off poll between the top candidates in its results.
Wednesday evening: The final run-off poll closes and I enter the winner for the next day's Halifax ShareBuilder purchase.
Gengulphus
Fifteen monthly instalments of regular savings have arrived during that period, as well as a similar amount of dividends arriving and five corporate events changing the portfolio, namely Carillion's collapse, a rights issue by Galliford Try, a dividend cut by Pearson and two mergers. I should have made a total of seven purchases during the period, near the starts of August, October and December 2017, and of February, April, June and August 2018. I caught up on my record-keeping about all the things that had already happened on Monday and Tuesday this week, and belatedly selected the shares for the first six of those purchases late on Tuesday, using GDHYP's 'top-up procedure'. This was just in time to enter those purchases (which are GDHYP's 45th to 50th purchases) as orders for the Halifax ShareBuilder scale-model version of GDHYP for Halifax ShareBuilder's 'investment day' on Wednesday (yesterday). I have described all of that in more detail in a new "GDHYP catch-up and purchases 45-50" thread and will add further details to it when time permits. Please post any questions about or discussion of those matters to that thread and not this one, to leave this thread uncluttered for its purpose.
I have also reviewed and revised GDHYP's rules/guidance about what shares are acceptable candidates for a purchase and posted them in a new "GDHYP purchase candidate rules/guidance" thread, again to keep this thread uncluttered for its purpose, and also to make them easy to refer to in future GDHYP selections. The main points of them as they apply to this selection are given below, but please refer to that thread if you want more details, and if you're still left with questions about them or wish to discuss them, please ask the question or discuss them there, not here.
So the purpose of this thread: What share (within GDHYP's rules) do you think is the best one for GDHYP to buy for the last of its outstanding purchases, which will be GDHYP's 51st purchase? Note that best means best (as you see it, of course): please don't nominate a different share just because someone else has nominated the one you think best first, or give a list of all the shares you think are good enough, etc. (These are things people really have done in the past, and are great wasters of everyone's time... I.e. I'm not inventing an imaginary problem here!)
To summarise the rules that apply to this selection (as said above, please go to the thread linked to there if you need more details):
* Shares must be in the FTSE 350.
* Shares must have a yield >= 3.58% (this has some leeway below the FTSE 100 yield to allow for different varieties of yield and share price fluctuations).
* Shares must pay their dividends under the UK tax regime (this is almost guaranteed by FTSE 350 membership, but not quite - e.g. this rules out RDSA).
* Investment trust/company shares and preference shares are not allowed, though REITs (and just possibly a few others) are allowed as exceptions, and asset managers do not count as investment companies.
* Top-up purchases of existing shares in GDHYP are only allowed if the company name in the first table below has a "+" sign at its start.
* Initial purchases of new shares for GDHYP are not allowed if they are in financial sectors or the Energy Utilities (gas and/or electricity), Booze or Tobacco sectors.
The current state of the portfolio is given in the table below, and the amount available for the purchase will be £2,080.00 (this is based on the amount of cash GDHYP had available near the start of this month, and all of this is about the full-scale version of GDHYP). The rest of the portfolio's current cash will be added to by September's regular savings and the dividends that arrive over the next month and a bit, and used for the portfolio's 52nd purchase, due near the start of October.
And the following table summarises the sector breakdown of the portfolio as it is used in the above:
Finally, my rough anticipated schedule for the rest of this purchase are:
Saturday evening: Nominations close and I post the pre-poll. If there are more candidates than a single TLF poll can handle, I may well prune out some of the (IMHO) less likely ones to succeed rather than accept the extra complexity of a multi-part poll.
Monday evening: The pre-poll closes and I post the final run-off poll between the top candidates in its results.
Wednesday evening: The final run-off poll closes and I enter the winner for the next day's Halifax ShareBuilder purchase.
Gengulphus