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IanTHughes HYP - June 2019 Top-ups

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IanTHughes
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IanTHughes HYP - June 2019 Top-ups

#228272

Postby IanTHughes » June 10th, 2019, 10:35 am

Following on from my latest Annual Report:

viewtopic.php?f=15&t=16707

And my recent Top-Ups:

viewtopic.php?f=15&t=17313&p=216194#p216194
viewtopic.php?f=15&t=17609&p=220787#p220787

As a result of recently received dividends, the following small top-ups were made today:

Date       |  EPIC  |  B/S  |Conc Bought|  Yield  |  Reason  |  New Conc
10-Jun-19 | IMB | Buy | 0.21% | 9.30% | Top-Up | 5.06%
10-Jun-19 | SLA | Buy | 0.34% | 8.07% | Top-Up | 4.02%


Things may change between now and 10 July, but for now the following is the currently intended small top-ups on that date:

Date       |  EPIC  |  B/S  |Conc Bought|  Yield  |  Reason 
10-Jul-19 | MARS | Buy | 0.17% | 6.54% | Top-Up
10-Jul-19 | SLA | Buy | 0.33% | 8.07% | Top-Up


Ian

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Re: IanTHughes HYP - June 2019 Top-ups

#228425

Postby BristolDave » June 10th, 2019, 5:12 pm

Maybe a stupid question but if you are purchasing two companies each month and purchased Standard Life this month and also intend to purchase next month why didn't you purchase a double slug of Standard life in one go and save on the dealing fees?

Not a criticism, I just wondered what your rational was.

David

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Re: IanTHughes HYP - June 2019 Top-ups

#228435

Postby Gengulphus » June 10th, 2019, 5:39 pm

BristolDave wrote:Not a criticism, I just wondered what your rational was.

Possibly inhaling while the cigarette is burning brightly? ;-)

Gengulphus

IanTHughes
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Re: IanTHughes HYP - June 2019 Top-ups

#228476

Postby IanTHughes » June 10th, 2019, 7:06 pm

BristolDave wrote:Maybe a stupid question but if you are purchasing two companies each month and purchased Standard Life this month and also intend to purchase next month why didn't you purchase a double slug of Standard life in one go and save on the dealing fees?

Not a criticism, I just wondered what your rational was.

Ah, that is an easy one, two different accounts - an ISA and a SIPP - so there were going to be two dealing fees whatever.


Ian

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Re: IanTHughes HYP - June 2019 Top-ups

#228559

Postby idpickering » June 11th, 2019, 5:54 am

Thanks for sharing your HYP and your management of it with us Ian. For me it's small top ups of British Land and British American Tobacco on 20 Jun 19. I've invested enough on Imperial Brands already buying in a number of times (6) whilst that knife has fallen.

Ian.

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Re: IanTHughes HYP - June 2019 Top-ups

#228561

Postby JoyofBrex8889 » June 11th, 2019, 6:49 am

I topped up IMB also, last week. The chart looks like a disaster, I am a long way down on my initial buy-in price from 2016, but surely the enterprise is worth more than the market is pricing currently?

idpickering
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Re: IanTHughes HYP - June 2019 Top-ups

#228564

Postby idpickering » June 11th, 2019, 6:57 am

JoyofBrex8889 wrote:I topped up IMB also, last week. The chart looks like a disaster, I am a long way down on my initial buy-in price from 2016, but surely the enterprise is worth more than the market is pricing currently?


I tend to agree with you regarding the merits of IMB as a HYP purchase. They are my largest holding in the sector, in fact they’ve reached my self imposed max spend, or else they’d have got the nod rather than BATS for me this month. I think the current downward trend in tobacco shares is overdone myself.

Ian.

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Re: IanTHughes HYP - June 2019 Top-ups

#228567

Postby Dod101 » June 11th, 2019, 7:04 am

As far as tobacco shares are concerned, I hold more than enough if they ever get back to reasonable levels and I have decided not to buy any more come what may. I am well in the money even at current levels but I must say that if I were a newbie I might well be buying given that the dividends look secure.

A much better buy than SLA I think.

Dod

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Re: IanTHughes HYP - June 2019 Top-ups

#228576

Postby csearle » June 11th, 2019, 8:24 am

For me IMB are ruled out because they provide 6.5% of my HYP income and I've a self-imposed limit of 5%.

Chris

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Re: IanTHughes HYP - June 2019 Top-ups

#228589

Postby monabri » June 11th, 2019, 9:08 am

And to think, the share price of BATS has increased by 27% since the end of Jan 19.

Not sure if that's :) or :( ! ( I'm glad about the recovery to date but a favourable top up opportunity might have passed).

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Re: IanTHughes HYP - June 2019 Top-ups

#228615

Postby idpickering » June 11th, 2019, 10:33 am

monabri wrote:And to think, the share price of BATS has increased by 27% since the end of Jan 19.

Not sure if that's :) or :( ! ( I'm glad about the recovery to date but a favourable top up opportunity might have passed).


You struck a cord with me tbh. I might just top up BLND instead. As for Imperial Brands, they're a hold for me now.

Ian.

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Re: IanTHughes HYP - June 2019 Top-ups

#228625

Postby IanTHughes » June 11th, 2019, 10:55 am

Dod101 wrote:As far as tobacco shares are concerned, I hold more than enough if they ever get back to reasonable levels and I have decided not to buy any more come what may. I am well in the money even at current levels but I must say that if I were a newbie I might well be buying given that the dividends look secure.

A much better buy than SLA I think.

I choose to continue to top up Standard Life Aberdeen (SLA) based on the latest results wherein they discussed the transformation of the business resulting from the sell off of the Insurance business to Phoenix Holdings (PHNX):

https://www.standardlifeaberdeen.com/__ ... eb-new.pdf

I was particularly drawn to the following comment:

It is the Board’s current intention that the total annual dividend per share should be held at this level while the business is transformed, cost synergies are delivered and future financial performance confirms the sustainability of this level of distribution and provides line of sight to its future growth.

I take this to mean that the dividend is sustainable at a level of 21.6p which in turn provides a purchaser with a yield of a shade over 7.7%, at the current price of just under 280.00p. I do appreciate that this dividend will not rise, for the foreseeable future at least, but 7.7% going forward is good enough for me.

You obviously feel differently.


Ian

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Re: IanTHughes HYP - June 2019 Top-ups

#228641

Postby kempiejon » June 11th, 2019, 11:28 am

idpickering wrote:
You struck a cord with me tbh. I might just top up BLND instead. As for Imperial Brands, they're a hold for me now.

Ian.


Ian, superficially BATS do look the better bet, 6.7% yield vrs BLND 5.7% and BLND shows only 2.6 0.4 and 6.5% CAGR dividend increases over 5, 10 and 15 years whereas BATS shows 6, 7 and 11%. All my numbers come from dividenddata. I have been adding to BATS over the past 12 months. I have not bought BLND since Feb 1017 having initially included them back in 2011.
Still concentrations in ones portfolio should be a consideration so it's not just yield; as should being able to rest easy with your picks.

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Re: IanTHughes HYP - June 2019 Top-ups

#228660

Postby tjh290633 » June 11th, 2019, 12:05 pm

Apropos of that, here is the change in SP for my portfolio constituents since Jan 1st.

Epic   Change 
RIO 22.98%
MARS 22.70%
DGE 21.75%
SGRO 21.64%
TSCO 21.20%
BATS 20.80%
ULVR 19.24%
LGEN 16.84%
TW. 15.45%
LLOY 12.68%
TATE 12.67%
CPG 12.61%
BHP 12.13%
BP. 12.01%
UU. 11.79%
AV. 11.29%
SMDS 11.09%
RDSB 8.97%
NG. 6.90%
RB. 6.34%
GSK 5.75%
BA. 5.62%
AZN 3.93%
SSE 3.56%
KGF 2.60%
IMI 2.35%
ADM 2.05%
BLND 1.43%
S32 -2.93%
WMH -6.16%
MKS -10.80%
BT.A -12.70%
PSON -13.73%
IMB -14.16%
VOD -14.72%

The difference between BATS and IMB is most striking.

TJH

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Re: IanTHughes HYP - June 2019 Top-ups

#228664

Postby monabri » June 11th, 2019, 12:17 pm

tjh290633 wrote:
Epic   Change 
BATS 20.80%
IMB -14.16%

The difference between BATS and IMB is most striking.
TJH


How much of the difference is due to a combination of big sales of IMB by Woodford and the "dual effect " that such sales might have (by dual effect I mean the actual selling of the shares in large quantities driving down the price and sentiment when others see the price falling also deciding to offload)?

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Re: IanTHughes HYP - June 2019 Top-ups

#228676

Postby pds2008 » June 11th, 2019, 12:45 pm

tjh290633 wrote:Apropos of that, here is the change in SP for my portfolio constituents since Jan 1st.

[pre]Epic Change
RIO 22.98%
MARS 22.70%
DGE 21.75%....


TJH



TJH

I am much newer to this game and hold a smaller HYP (13 FTSE share holdings, 7 IT's). I was just doing a quick check to see if your larger HYP contained all my share holdings, and I noticed that HSBC and SLA were not there. I was curious as to why you have not chosen to hold these. Is it down to balance between difference sectors?

If you have explained this before in one of your postings, then I apologise for not checking.

Regards

Yell

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Re: IanTHughes HYP - June 2019 Top-ups

#228685

Postby Dod101 » June 11th, 2019, 1:22 pm

monabri wrote:
tjh290633 wrote:
Epic   Change 
BATS 20.80%
IMB -14.16%

The difference between BATS and IMB is most striking.
TJH


How much of the difference is due to a combination of big sales of IMB by Woodford and the "dual effect " that such sales might have (by dual effect I mean the actual selling of the shares in large quantities driving down the price and sentiment when others see the price falling also deciding to offload)?


If we know that Woodford was not selling BATs at the time he was apparently selling Imperial that would be significant I guess. There is usually a momentum effect when a price is spiralling either way, so you could be right. I see nothing much wrong with either tobacco share and in the current climate I think it best to simply stand back and let the market play itself out.

Dod

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Re: IanTHughes HYP - June 2019 Top-ups

#228694

Postby idpickering » June 11th, 2019, 2:06 pm

kempiejon wrote:
idpickering wrote:
You struck a cord with me tbh. I might just top up BLND instead. As for Imperial Brands, they're a hold for me now.

Ian.


Ian, superficially BATS do look the better bet, 6.7% yield vrs BLND 5.7% and BLND shows only 2.6 0.4 and 6.5% CAGR dividend increases over 5, 10 and 15 years whereas BATS shows 6, 7 and 11%. All my numbers come from dividenddata. I have been adding to BATS over the past 12 months. I have not bought BLND since Feb 1017 having initially included them back in 2011.
Still concentrations in ones portfolio should be a consideration so it's not just yield; as should being able to rest easy with your picks.


Thanks for your input. I bought into BLND a couple of years before you, and haven’t touched them since. They’re my only REIT in my HYP, and weigh in at being just 2.2% in capital value terms of my 30 share HYP. I agree BATS are a better bet, but HYP diversification management is a must imho too. I’ve two weeks to Pickering over it. ;)

Ian.

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Re: IanTHughes HYP - June 2019 Top-ups

#228774

Postby tjh290633 » June 11th, 2019, 7:49 pm

pds2008 wrote:
tjh290633 wrote:Apropos of that, here is the change in SP for my portfolio constituents since Jan 1st.

[pre]Epic Change
RIO 22.98%
MARS 22.70%
DGE 21.75%....


TJH



TJH

I am much newer to this game and hold a smaller HYP (13 FTSE share holdings, 7 IT's). I was just doing a quick check to see if your larger HYP contained all my share holdings, and I noticed that HSBC and SLA were not there. I was curious as to why you have not chosen to hold these. Is it down to balance between difference sectors?

If you have explained this before in one of your postings, then I apologise for not checking.

Regards

Yell

Bear in mind that my portfolio has been built over 30 years. Regarding banks, I introduced LLOY at an early stage, as they were my bankers. I added Halifax when they demutualised in 1997, and dumped them in 2008 when the ordure hit the fan. I replaced HBOS with Cattles, later to emulate the Oozlum Bird. I kept LLOY and felt no compulsion to add another bank.

On insurers, I held Prudential until they were going to have a massive rights issue. The yield was low and I didn't want to take up the rights, so I sold and bought Brit Insurance as a replacement. That was soon taken over and was replaced with Aviva. I also had a parallel ISA which had RSA, later dumped and replaced with LGEN.

I never had the inclination to hold HSBC or the precursors of SLA.

TJH

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Re: IanTHughes HYP - June 2019 Top-ups

#228776

Postby Dod101 » June 11th, 2019, 8:08 pm

OTOH I held HBOS (which I inherited as a result of that lovely bank, Bank of Scotland being taken over by Halifax), HSBC (because I knew it to be a well capitalised international bank from my days on Hong Kong) Barclays and Lloyds (because the latter two were steady dividend payers) in 2007/8. I was going off for a long weekend in January 2008 and the share prices of the banks were falling steadily. I had a bad feeling and so sold HBOS, Barclays and most of Lloyds. I deliberately kept HSBC which is the only bank I still hold.

SLA I do not much like because of Martin Gilbert and the fact that they have been losing mandates over the last few years. Furthermore, their future is far from clear following the merger with Standard Life and the sale of the life assurance business to Phoenix Holdings. I prefer Schroders Non Voting shares.

Dod


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