Stephen Bland - New HYP Portfolio @ Stockopedia

[Wizard]

So whether Bland picks it or not, according to the guidelines for this Board it is off topic.

Oh dear. Perhaps Stephen / pyad will be along soon enough to tell us if he feels this Board is misappropriating his acronym then.

On that note I bid everyone farewell. A new job beckons next week and my spare time will be at a premium so I am weaning myself off the various fora I visit. Good luck with HYP or whatever it is called now.

And good luck to you in your new job!

[Dod101]

Certainly Stephen Bland's final two picks are very strange and of course definitely off topic for discussion here (unless I guess at some point in the past they were within the guidelines)

Irrespective of the guidelines it would be interesting to know why he has picked the last two shares. I could think of a few below the FTSE100 average which I think would be better. Will be interesting anyway if we revisit this in a year and see how it has gone.

Dod

[Arborbridge]

It would be truly bizarre if we tranlsated the guidelines on this particularl board to exclude discussion of a share which Pyad had chosen. The HYP practical was designed to discuss HYP which was in turn codified by Pyad: what he recommends is - by definition - HYP.

By the same token, we should note that by custom and practice, we have always allowed some discussion of shares which might be described as nearly-HYP or potentially-HYP. For example, Mucklow and BBOX recently or SRDC before the price fell and the yield rose. I'm sure there are many others which have been mentioned in passing without nit pickers calling attention to the fact.

Fundamentalist alerting of posts will be the death of discussion here.

Arb.

[Arborbridge]

Certainly Stephen Bland's final two picks are very strange and of course definitely off topic for discussion here (unless I guess at some point in the past they were within the guidelines)

Irrespective of the guidelines it would be interesting to know why he has picked the last two shares. I could think of a few below the FTSE100 average which I think would be better. Will be interesting anyway if we revisit this in a year and see how it has gone.

Dod

I think his picking method explains it. He works down the list looking for suitable candidates from a diverse sector distribution. Passing over sectors already represented he will come to a new one: he would then have to decide whether he can live with the yield on offer. I think it's as simple as that.

Arb.

[IanTHughes]

CORRECTION

I must apologise but I copied the wrong post!

Here is the correct current portfolio

Sector 17
Holding 19

Brickmaker - Ibstock PLC (IBST) is the final brick in the wall

https://www.stockopedia.com/content/how ... /#comments

The portfolio now looks like

No. | Epic | Business       | Price | Forecast Yield
  1 | SLA  | Fund Manager   |   271 |    8.00%
  2 | VOD  | Telecom        |   148 |    8.70%
  3 | IMB  | Tobacco        | 2,624 |    8.90%
  4 | BHP  | Mining         | 1,779 |    8.90%
  5 | AV   | Insurance      |   410 |    8.00%
  6 | ITV  | Television     |   128 |    6.30%
  7 | HSBA | Bank           |   615 |    6.30%
  8*| BP   | Oil            |   553 |    5.70%
  9*| RDSB | Oil            | 2,406 |    6.00%
 10*| BLND | Property       |   585 |    5.40%
 11*| LAND | Property       |   911 |    5.40%
 12 | WPP  | Advertising    |   842 |    7.10%
 13 | SMDS | Packaging      |   346 |    5.10%
 14 | BA   | Weapons        |   490 |    4.70%
 15 | GSK  | Pharma         | 1,585 |    5.00%
 16 | IGG  | Gambling       |   540 |    8.00%
 17 | GNK  | Brewing & Pubs |   658 |    5.10%
 18 | CCL  | Cruise Ships   | 3,879 |    4.10%
 19 | IBST | Brickmaker     |   255 |    3.90%

* These shares are multiple choice in the same sector

pyad has stated that this HYP is now complete, so we can just sit back and watch the dividends roll in.

Thanks pyad, always good to hear from you



Ian

[Wizard]

It would be truly bizarre if we tranlsated the guidelines on this particularl board to exclude discussion of a share which Pyad had chosen. The HYP practical was designed to discuss HYP which was in turn codified by Pyad: what he recommends is - by definition - HYP.

By the same token, we should note that by custom and practice, we have always allowed some discussion of shares which might be described as nearly-HYP or potentially-HYP. For example, Mucklow and BBOX recently or SRDC before the price fell and the yield rose. I'm sure there are many others which have been mentioned in passing without nit pickers calling attention to the fact.

Fundamentalist alerting of posts will be the death of discussion here.

Arb.

Of course the ultimate irony is that he has made only one contribution to this thread, to (correctly) report a copyright infringement.

[IanTHughes]

COMPLETE PORTFOLIO

https://www.stockopedia.com/content/how ... /#comments

Based on the following assumptions:

1) An amount of £15,000 was invested in each full holding and £7,500 in each half-holding
2) A fee of £9.95 has been taken for each transaction
3) Where appropriate, a Stamp Duty of 0.5% has been applied
4) The number of shares purchased for each holding has been rounded down to the nearest whole number

Here, in alphabetical order, are the full details of the portfolio, as at the market close for 11 April 2019

EPIC |      Company Name      | Shares |    Value    | F'cast Income | Yield (1)
AV   | Aviva                  |  3,637 |   15,148.11 |   1,091.10    | 7.20%
BA   | BAE Systems            |  3,043 |   15,415.84 |     675.54    | 4.38%
BHP  | BHP Group              |    838 |   16,116.42 |     761.11    | 4.72%
BLND | British Land Company   |  1,280 |    7,746.56 |     393.85    | 5.08%
BP   | BP                     |  1,347 |    7,712.92 |     422.48    | 5.48%
CCL  | Carnival Corporation   |    384 |   15,091.20 |     591.12    | 3.92%
GNK  | Greene King PLC        |  2,266 |   15,068.90 |     752.31    | 4.99%
GSK  | GlaxoSmithKline        |    941 |   14,732.30 |     752.80    | 5.11%
HSBA | HSBC Holdings          |  2,425 |   15,796.45 |     951.92    | 6.03%
IBST | Ibstock                |  5,849 |   14,868.16 |     555.65    | 3.74%
IGG  | IG Group Holdings      |  2,762 |   14,279.54 |   1,283.50    | 8.99%
IMB  | Imperial Brands        |    568 |   14,290.88 |   1,066.64    | 7.46%
ITV  | ITV                    | 11,652 |   15,293.25 |     932.16    | 6.10%
LAND | Land Securities Group  |    818 |    7,584.50 |     397.13    | 5.24%
RDSB | Royal Dutch Shell      |    309 |    7,743.54 |     447.13    | 5.77%
SLA  | Standard Life Aberdeen |  5,503 |   14,671.00 |   1,188.64    | 8.10%
SMDS | DS Smith               |  4,310 |   14,839.33 |     646.50    | 4.36%
VOD  | Vodafone Group         | 10,077 |   13,916.34 |   1,310.94    | 9.42%
WPP  | WPP                    |  1,780 |   15,592.80 |   1,068.00    | 6.85%
     |                        |        |             |
     |                        |   Cash |        0.00 |
     |                        | Ex-Div |    2,394.91 |
     |                        |        |             |
     |                        |  Total |  258,301.73 |  15,288.52    | 5.92%
     |                        |Cash In | -254,907.26 |
     |                        |        |             |
     |                        | Profit |    3,394.47 |

(1) - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months.


We are off and running


Ian

[IanTHughes]

SMALL CORRECTION

Cash In amount and Total Portfolio Value were slightly wrong, sorry

COMPLETE PORTFOLIO

https://www.stockopedia.com/content/how ... /#comments

Based on the following assumptions:

1) An amount of £15,000 was invested in each full holding and £7,500 in each half-holding
2) A fee of £9.95 has been taken for each transaction
3) Where appropriate, a Stamp Duty of 0.5% has been applied
4) The number of shares purchased for each holding has been rounded down to the nearest whole number

Here, in alphabetical order, are the full details of the portfolio, as at the market close for 11 April 2019

EPIC |      Company Name      | Shares |    Value    | F'cast Income | Yield (1)
AV   | Aviva                  |  3,637 |   15,148.11 |   1,091.10    | 7.20%
BA   | BAE Systems            |  3,043 |   15,415.84 |     675.54    | 4.38%
BHP  | BHP Group              |    838 |   16,116.42 |     761.11    | 4.72%
BLND | British Land Company   |  1,280 |    7,746.56 |     393.85    | 5.08%
BP   | BP                     |  1,347 |    7,712.92 |     422.48    | 5.48%
CCL  | Carnival Corporation   |    384 |   15,091.20 |     591.12    | 3.92%
GNK  | Greene King PLC        |  2,266 |   15,068.90 |     752.31    | 4.99%
GSK  | GlaxoSmithKline        |    941 |   14,732.30 |     752.80    | 5.11%
HSBA | HSBC Holdings          |  2,425 |   15,796.45 |     951.92    | 6.03%
IBST | Ibstock                |  5,849 |   14,868.16 |     555.65    | 3.74%
IGG  | IG Group Holdings      |  2,762 |   14,279.54 |   1,283.50    | 8.99%
IMB  | Imperial Brands        |    568 |   14,290.88 |   1,066.64    | 7.46%
ITV  | ITV                    | 11,652 |   15,293.25 |     932.16    | 6.10%
LAND | Land Securities Group  |    818 |    7,584.50 |     397.13    | 5.24%
RDSB | Royal Dutch Shell      |    309 |    7,743.54 |     447.13    | 5.77%
SLA  | Standard Life Aberdeen |  5,503 |   14,671.00 |   1,188.64    | 8.10%
SMDS | DS Smith               |  4,310 |   14,839.33 |     646.50    | 4.36%
VOD  | Vodafone Group         | 10,077 |   13,916.34 |   1,310.94    | 9.42%
WPP  | WPP                    |  1,780 |   15,592.80 |   1,068.00    | 6.85%
     |                        |        |             |
     |                        |   Cash |        0.00 |
     |                        | Ex-Div |    2,394.91 |
     |                        |        |             |
     |                        |  Total |  258,302.95 |  15,288.52    | 5.92%
     |                        |Cash In | -254,908.48 |
     |                        |        |             |
     |                        | Profit |    3,394.47 |

(1) - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months.


We are off and running


Ian

[funduffer]

Have we got a name for this new creation?

HYP1 is a pretty boring name for the original.

This one could be HYP2019, but that’s pretty boring too.

How about HYP-remake, or HYP-revived, or HYP-returns?

FD

[IanTHughes]

Have we got a name for this new creation?

HYP1 is a pretty boring name for the original.

This one could be HYP2019, but that’s pretty boring too.

How about HYP-remake, or HYP-revived, or HYP-returns?

Well, my two spreadsheets are entitled:

- PYAD HYP 2019_04 REINVEST
- PYAD HYP 2019_04 DRAWDOWN

OK, still a bit boring but they are my Spreadsheets

Seriously though, if there are other ideas .......


Ian

[TUK020]

Seriously though, if there are other ideas .......


Ian

Tablets of Stone v2.0?

[Arborbridge]

Of course the ultimate irony is that he has made only one contribution to this thread, to (correctly) report a copyright infringement.

I have a view about why he does not contribute very much. I've noticed that Pyad generally remains above the fray and keeps a statesman-like distance from detailed argument. He will sometimes descend to clear up a point where he thinks we have something badly wrong, but otherwise remains aloof.

I rather admire that: he isn't going to waste his time defending every little battle which turns up. It's perfectly in keeping with a guru not to waste words, but to interject only when it is important.


Arb.

[Dod101]

Guru - a venerable person......Really?

Dod

[Walrus]

Of course the ultimate irony is that he has made only one contribution to this thread, to (correctly) report a copyright infringement.

I have a view about why he does not contribute very much. I've noticed that Pyad generally remains above the fray and keeps a statesman-like distance from detailed argument. He will sometimes descend to clear up a point where he thinks we have something badly wrong, but otherwise remains aloof.

I rather admire that: he isn't going to waste his time defending every little battle which turns up. It's perfectly in keeping with a guru not to waste words, but to interject only when it is important.


Arb.

Guru Seriously?

[Gengulphus]

Guru - a venerable person......Really?

I think most people would be able to find a meaning of "venerable" among the choices at https://www.dictionary.com/browse/venerable that fits their opinion of him reasonably well. Of course, different people might well end up making different choices! ;-)

Edit: And meaning 3 of "guru" at https://www.dictionary.com/browse/guru seems hard to argue with: "any person who counsels or advises". I cannot see that one can reasonably dispute that he does those things, no matter what one thinks of the quality of his advice.

Gengulphus

[idpickering]

Guru Seriously?

I for one, have the highest regard for Stephen. I’d rather read his wise words than listen to the dribble our MPs spout out. I’m grateful to Stephen for bringing HYP to my attention. If it were not for him the original board on TMF would never have existed, and our motley crew here would never’ve met.

Ian.

[Arborbridge]

Maybe the previous few comments do show a split in "where we are coming from" as investors.
I had been investing for many years before discovering the writings of Stephen Bland. I was very impressed with his direct a simple writing style proposing ideas he had developed, and acted accordingly. Guru - with it overtones of eastern mysticism - was naturally a little tongue in cheek, however, I do have immense respect for what he has taught us.
In my case he opened up a whole new way of thinking which has proved beneficial just at the time I needed to decide what to do with my pension pot - and for that I owe him at least some respect. I'll admit, it took me at least two-three years before I "got it", as what he says is quite against mainstream advice in some ways.
I do not bend the knee, neither do I take what he says without question, but I am not cynical like some who would undermine their own grandmothers given a chance.

This is the HYP Practical Board, and one would expect nearly all of us here to owe him some sort of debt - for without him, this board would probably not exist. Those newbies who joined later can be forgiven, I suppose, for this lack of respect as they haven't arrived by following the evolution of HYP, but that's their loss not mine.

Arb.

[Itsallaguess]

The great thing about Pyad is that he espouses critical thinking. I'm sure the irony won't be lost on him if some of that critical thought sometimes shines a light on his own HYP ideas....

We should also try to remember that we're often critical of some of the original HYP methods here in a way that's a little unfair. His approach to a high-yield strategy was to allow people with barely any interest at all in the stock market to take advantage of it. Should it then come as much of a surprise if people who do have an interest in equity markets might be able to improve on the method, or tweak it to better align with their own approach to income-investment?

It often feels like we're all heading in a similar direction on the high-yield boards, even if we're not all taking exactly the same path, and I can definitely say that when I personally set off in the dark all those years ago, I might not have set off down the exact path that Pyad advised, but he definitely had a torch bright enough to light up some of the other income-investment paths too, and for that I will always be grateful...

Cheers,

Itsallaguess

[Wizard]

Is PYAD providing any commentary on this portfolio over time or was it a one of 'fire and forget' exercise? If the former I wondered if he has said / will say anything about the cut in the dividend by Vodafone? I do not subscribe to Stockopedia so can't check for myself.

[PinkDalek]

Is PYAD providing any commentary on this portfolio over time or was it a one of 'fire and forget' exercise? ... I do not subscribe to Stockopedia so can't check for myself.

I can read the comments incognito https://www.stockopedia.com/content/how ... 6#comments by scrolling down past the initial article(s).

One can always sign up for a free 2 week trial if you wish to read the entirety.