Here is the data for the year ended 12 November 2019, the nineteenth year of this non-tinker portfolio.
..........................................Income......................Value
Anglo American 432.87 9,714
BA Tobacco 1,735.06 25,290
BT Group 875.03 11,195
Dixons Carphone 83.77 1,568
Glaxo 281.60 6,102
InterCon Hotels 379.76 19,851
Land Sex 309.49 6,033
Lloyds 250.82 4,586
Mitch & But 0.00 3,065
Persimmon 2,483.95 25,981
Pearson 169.29 6,203
RD Shell B 578.94 9,141
Rio Tinto 2,547.00 21,445
RSA 101.12 2,613
United Utilities 328.59 6,895
Total £ 10,557.29 159,682
Cost 75,000
Gain 84,682 112.9%
FTSE100 at start 6,274.8
Now 7,365.4
Gain 1,090.6 17.4%
HYP1 capital outperformance 81.3%
Income History
2001 3,451
2002 3,474
2003 3,197
2004 3,205
2005 3,546
2006 4,131
2007 4,452
2008 5,040
2009 3,187
2010 3,297
2011 3,843
2012 4,289
2013 5,828
2014 5,601
2015 6,093
2016 6,124
2017 7,327
2018 8,882
2019 10,557
Total to date £ 95,524
Events in year
InterContinental Hotels made a cash return of £882 with a consol down to 411 shares. The money was reinvested in Lloyds.
Income
This is the purpose of HYPs and the £10,557 for this year was another record by a long way, up 18.9% on last year and making it the third highest ever annual rise, crushing inflation. From year one, the increase is 205.9% over the 18 years.
Total income thus far is £95,524 over the 19 years, averaging £5,028 per year which is 6.70% pa on the £75,000 cost.
Rio Tinto was the single largest income contributor with 24.1% of total income, assisted by two large specials in the year. Second was Persimmon with 23.5%, both of these knocking BA Tobacco into third place on 16.4% after having been the record holder for a long time up to a couple years ago. At the other end, the smallest sums arose from Mitchells & Butlers with zero and Dixons Carphone 0.8%.
Capital
This is irrelevant or very much secondary depending on your viewpoint.
The value is up 2.6% from last year to £159,682 and continues to massacre the FTSE100 over the 19 years, up 112.9 4% against an index up 17.4% and thus outperforming it by 81.3%. This is without reinvesting dividends.
In the last twelve months the FTSE100 has risen 4.4% whilst HYP1 is up 2.6%, thus slightly underperforming the index this year.
Persimmon is now the larget holding at 16.2% of portfolio value with BA Tobacco a close second at 15.7%. Not far behind are Rio Tinto at 13.4% and InterContinental Hotels at 12.4%. Smallest holdings are Dixons Carphone at 1.0% and RSA at 1.6%.
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