Shelford HYP review
Posted: September 14th, 2018, 11:39 am
Dear All
As an annual poster on the board (I'm a Doris fan - i.e. LTBH), I attach my portfolio below - scroll to right to see individual share dividends.
Since starting on the HYP path ten years ago, the portfolio has grown steadily with very little tinkering, and steady additions over the decade. For back history & 'philosophy', see my wider portfolio reviews here: https://www.lemonfool.co.uk/viewtopic.php?f=56&t=4636
In short, the portfolio is currently delivering a 5% yield.
There have however been a number of changes in past 12-18 months which are less to do with the HYP than with my wider retirement investment concerns.
a) I've have top-sliced quite a few of the individual shares to bring the average holding down to £10K. This is because overall, UK equities as a percentage of my overall pension and likely income (I'm expecting to retire within 2 years) was looking too high, boosted by the Brexit and Trump tax bounces. I took the opportunity around 10 months ago to pare these back, and reinvest the cash in other asset classes
b) I have disinvested in the two oil shares RDSB and BP, and in William Hill. These are due to longer term concerns around fossil fuel use, and the egregious sums WMH has been making from fixed odds terminals. I state these simply as a matter of record and appreciate that many readers here won't agree with these opinions which are in any case off-topic. The sale also helped me rebalance my portfolio away from UK equities on which it was over-reliant.
Overall, I remain pleased with the steady income that the HYP proportion of my portfolio provides, and I'm at the stage in the investment journey where I agree with Rockefeller that one of the great pleasures in life is to see dividends rolling in. I have no intention of investing further in the HYP (it now represents about 15% of my portfolio in capital terms, and 20% in income terms.) The portfolio is well-diversified over 16 sectors. As you'd expect from a portfolio this size, there are a few stinkers: Tesco and FirstGroup among them. Bitter experience has told me however that tinkering is rarely advisable. When I have, I've normally regretted it (sold Persimmon about 5 years ago - natch).
On a practical note, the likely move of Unilever to Netherlands may affect my dividends from this company. This is tedious. I'm reluctant to sell this bell-wether stock, but equally am in no rush to second guess the outcome.
As an annual poster on the board (I'm a Doris fan - i.e. LTBH), I attach my portfolio below - scroll to right to see individual share dividends.
Since starting on the HYP path ten years ago, the portfolio has grown steadily with very little tinkering, and steady additions over the decade. For back history & 'philosophy', see my wider portfolio reviews here: https://www.lemonfool.co.uk/viewtopic.php?f=56&t=4636
In short, the portfolio is currently delivering a 5% yield.
There have however been a number of changes in past 12-18 months which are less to do with the HYP than with my wider retirement investment concerns.
a) I've have top-sliced quite a few of the individual shares to bring the average holding down to £10K. This is because overall, UK equities as a percentage of my overall pension and likely income (I'm expecting to retire within 2 years) was looking too high, boosted by the Brexit and Trump tax bounces. I took the opportunity around 10 months ago to pare these back, and reinvest the cash in other asset classes
b) I have disinvested in the two oil shares RDSB and BP, and in William Hill. These are due to longer term concerns around fossil fuel use, and the egregious sums WMH has been making from fixed odds terminals. I state these simply as a matter of record and appreciate that many readers here won't agree with these opinions which are in any case off-topic. The sale also helped me rebalance my portfolio away from UK equities on which it was over-reliant.
Overall, I remain pleased with the steady income that the HYP proportion of my portfolio provides, and I'm at the stage in the investment journey where I agree with Rockefeller that one of the great pleasures in life is to see dividends rolling in. I have no intention of investing further in the HYP (it now represents about 15% of my portfolio in capital terms, and 20% in income terms.) The portfolio is well-diversified over 16 sectors. As you'd expect from a portfolio this size, there are a few stinkers: Tesco and FirstGroup among them. Bitter experience has told me however that tinkering is rarely advisable. When I have, I've normally regretted it (sold Persimmon about 5 years ago - natch).
On a practical note, the likely move of Unilever to Netherlands may affect my dividends from this company. This is tedious. I'm reluctant to sell this bell-wether stock, but equally am in no rush to second guess the outcome.
Portfolio Value | | | | | | 100.00% | | | | | | | |
£221,828.52 | | | | | | | | | | | | | | 5.02%
| | | | | | | | | | | | | | £11,135.90
Company Name | Ticker | Sector | Current price (p) | Shares held | Current Value | Value as % of Total | Value Weighting | Latest / Forecast Yield | Latest / Forecast Cover | Latest / Forecast P/E | Yield Weighting | Weighting Total | Top-Up Order | Expected Dividend
Centrica | CNA | Gas, Water & Multiutilities | 143.95 | 4232 | £6,091.96 | 2.75% | 2 | 8.20% | 1.1 | 11.50 | 2 | 4 | 1 | £499.54
BT Group | BT-A | Fixed Line Telecommunications | 225.15 | 3149 | £7,089.97 | 3.20% | 3 | 6.90% | 1.7 | 8.70 | 5 | 8 | 2 | £489.21
SSE | SSE | Electricity | 1105.50 | 793 | £8,766.62 | 3.95% | 7 | 8.70% | 1.2 | 10.80 | 1 | 8 | 2 | £762.70
ITV | ITV | Media | 160.45 | 5745 | £9,217.85 | 4.16% | 12 | 5.00% | 1.9 | 10.20 | 13 | 25 | 11 | £460.89
Aviva | AV | Life Insurance | 478.90 | 1975 | £9,458.28 | 4.26% | 14 | 6.10% | 2 | 8.20 | 7 | 21 | 8 | £576.95
Vodafone Group | VOD | Mobile Telecommunications | 167.84 | 5476 | £9,190.92 | 4.14% | 11 | 7.90% | 0.7 | 18.10 | 3 | 14 | 4 | £726.08
AstraZeneca | AZN | Pharmaceuticals & Biotechnology | 5590.00 | 183 | £10,229.70 | 4.61% | 19 | 3.80% | 1.2 | 21.70 | 17 | 36 | 21 | £388.73
GlaxoSmithKline | GSK | Pharmaceuticals & Biotechnology | 1483.60 | 645 | £9,569.22 | 4.31% | 15 | 5.30% | 1.4 | 13.60 | 11 | 26 | 14 | £507.17
FirstGroup | FGP | Travel & Leisure | 97.85 | 3399 | £3,325.92 | 1.50% | 1 | 1.20% | 11.1 | 7.20 | 24 | 25 | 11 | £39.91
Lloyds Banking Group | LLOY | Banks | 59.18 | 20746 | £12,277.48 | 5.53% | 23 | 5.70% | 2.2 | 7.70 | 10 | 33 | 17 | £699.82
Tate and Lyle | TATE | Food Producers | 632.80 | 1592 | £10,074.18 | 4.54% | 18 | 4.60% | 1.7 | 13.30 | 16 | 34 | 18 | £463.41
British Land Company | BLND | Retail REITs | 617.80 | 2024 | £12,504.27 | 5.64% | 24 | 5.10% | 1.2 | 16.90 | 12 | 36 | 21 | £637.72
Tesco | TSCO | Food & Drug Retailers | 234.70 | 3717 | £8,723.80 | 3.93% | 5 | 2.30% | 2.6 | 16.50 | 22 | 27 | 15 | £200.65
Severn Trent | SVT | Gas, Water & Multiutilities | 1904.00 | 472 | £8,986.88 | 4.05% | 9 | 4.90% | 1.4 | 14.50 | 14 | 23 | 9 | £440.36
HSBC Holdings | HSBA | Banks | 654.80 | 1369 | £8,964.21 | 4.04% | 8 | 6.10% | 1.4 | 11.50 | 7 | 15 | 5 | £546.82
TUI AG Reg Shs (DI) | TUI | Travel & Leisure | 1350.00 | 611 | £8,248.50 | 3.72% | 4 | 4.80% | 1.7 | 12.30 | 15 | 19 | 7 | £395.93
Standard Life Aberdeen plc | SLA | Life Insurance | 318.20 | 3239 | £10,306.50 | 4.65% | 20 | 7.50% | 1 | 12.40 | 4 | 24 | 10 | £772.99
Reckitt Benckiser Group | RB | Household Goods & Home Construction | 6587.00 | 157 | £10,341.59 | 4.66% | 21 | 2.60% | 1.9 | 19.60 | 20 | 41 | 24 | £268.88
National Grid | NG | Multiutilities | 795.10 | 1422 | £11,306.32 | 5.10% | 22 | 5.90% | 1.2 | 14.30 | 9 | 31 | 16 | £667.07
Informa | INF | Media | 742.40 | 1178 | £8,745.47 | 3.94% | 6 | 2.90% | 2.2 | 15.60 | 19 | 25 | 11 | £253.62
Unilever | ULVR | Food Producers | 4267.50 | 233 | £9,943.28 | 4.48% | 16 | 3.10% | 1.5 | 20.70 | 18 | 34 | 18 | £308.24
BHP Billiton | BLT | Mining | 1533.40 | 595 | £9,123.73 | 4.11% | 10 | 6.20% | 1.5 | 11.10 | 6 | 16 | 6 | £565.67
Compass Group | CPG | Travel & Leisure | 1626.00 | 615 | £9,999.90 | 4.51% | 17 | 2.30% | 2.1 | 21.10 | 22 | 39 | 23 | £230.00
Diageo | DGE | Beverages | 2661.53 | 351 | £9,341.97 | 4.21% | 13 | 2.50% | 1.8 | 22.70 | 21 | 34 | 18 | £233.55