Tate & Lyle Trading Statement

[idpickering]

Here; viewtopic.php?p=282616#p282616

[ErroneousBee]

Possibly the most boring Trading Statement ever. I think I might top up.

[kempiejon]

Possibly the most boring Trading Statement ever. I think I might top up.

'cept at sub 4% too low for me.

[idpickering]

Possibly the most boring Trading Statement ever. I think I might top up.

'cept at sub 4% too low for me.

I hold but am not intending to top up currently. As you say kempiejon, the yield isn’t that high. Happy to continue holding though.

Ian.

[kempiejon]

I hold but am not intending to top up currently. As you say kempiejon, the yield isn’t that high. Happy to continue holding though.

Ian.

Yes I should have added I'm a holder too and it's nice to see the income on the climb again having been static for a few years. I sold my unsheltered holdings in 2016 and topped up in the ISA in 2017, recently the steady price increase has pushed the yield below my target.

[torata]

Tate and Lyle is a kind of problem child for me.
I bought in 2008 and never topped up since. The total return over that time is 100%, of which capital gain is just over 50%. But it's never been anywhere near the top of HYPTUSS since due to the lowish yield. As a result, it's now at 54% of my median (providing 1.5% of portfolio income), but doesn't look like it will be topped up even in the medium term.
So maybe not so much a problem child, more a wheezy old geezer that can't keep up with the rest.
I'm slightly wary of my portfolio developing a long tail as it feels like I should be redeploying my capital more effectively, but there's no other reason to sell - annual return is 6.7%, which puts it 19th out of 29.

torata

[edit: just to add that I only make 3-5 purchases or top-ups each year from internal yield as I can no longer contribute to the ISA - living overseas]

[idpickering]

Tate and Lyle is a kind of problem child for me.
I bought in 2008 and never topped up since. The total return over that time is 100%, of which capital gain is just over 50%. But it's never been anywhere near the top of HYPTUSS since due to the lowish yield. As a result, it's now at 54% of my median (providing 1.5% of portfolio income), but doesn't look like it will be topped up even in the medium term.
So maybe not so much a problem child, more a wheezy old geezer that can't keep up with the rest.
I'm slightly wary of my portfolio developing a long tail as it feels like I should be redeploying my capital more effectively, but there's no other reason to sell - annual return is 6.7%, which puts it 19th out of 29.

torata

[edit: just to add that I only make 3-5 purchases or top-ups each year from internal yield as I can no longer contribute to the ISA - living overseas]

In many ways I sometimes wish that some of my other holdings behaved like these. Nice and boring, steady, and just plodding along, with virtually no drama.

I’d be happy with that.

Ian.

[torata]

Tate and Lyle is a kind of problem child for me.
I bought in 2008 and never topped up since. The total return over that time is 100%, of which capital gain is just over 50%. But it's never been anywhere near the top of HYPTUSS since due to the lowish yield. As a result, it's now at 54% of my median (providing 1.5% of portfolio income), but doesn't look like it will be topped up even in the medium term.
So maybe not so much a problem child, more a wheezy old geezer that can't keep up with the rest.
I'm slightly wary of my portfolio developing a long tail as it feels like I should be redeploying my capital more effectively, but there's no other reason to sell - annual return is 6.7%, which puts it 19th out of 29.

Feels bizarre quoting myself, but anyway...

Pre-Covid, I had never thought this would happen, but T&L was 2nd (of investable shares) on my HYPTUSS so I brought it up to median level, even though it's forecast yield was 1% less than the overall portfolio. 1st was RDSB, but I went for the boring plodder that has actually increased in value.

torata

[idpickering]

Feels bizarre quoting myself, but anyway...

Pre-Covid, I had never thought this would happen, but T&L was 2nd (of investable shares) on my HYPTUSS so I brought it up to median level, even though it's forecast yield was 1% less than the overall portfolio. 1st was RDSB, but I went for the boring plodder that has actually increased in value.

torata

Despite my having said further up this thread that I wasn't looking at buying more TATE, I did just that on 28 May this year. Two reasons, one to buy them whilst they were cheaper, and to get in before the upcoming ex div date of 18 Jun 20. TATE now form 4.1% in capital value terms of my 25 share HYP. They sit alongside ULVR in the sector, and between them make up 7.8% in capital value terms of my HYP. I have a 'full' holding of TATE, but am likely to add to my ULVR holdings, pushing them nearer to 4% of the HYP.

Ian.

[Arborbridge]

In many ways I sometimes wish that some of my other holdings behaved like these. Nice and boring, steady, and just plodding along, with virtually no drama.

I’d be happy with that.

Ian.

I agree. TATE is a share I've held for years and it has never raised its head above the parapet and caused trouble. Long may it continue to plod along in its mediocre but satisfactory way.

Arb.

[idpickering]

I agree. TATE is a share I've held for years and it has never raised its head above the parapet and caused trouble. Long may it continue to plod along in its mediocre but satisfactory way.

Arb.

And I agree with you too Arb. We’ve had drama enough on the markets, and this board too.
Steady Eddie TATE will do me just fine thank you, along with a quite HYP Practical Board, with no trolling.

Ian.

[kempiejon]

I had TATE excluded from new money a while back for static dividends but it has been inching up for a few years, I sold my unsheltered holding a couple of tax years ago and have added since it's resumption of increasing dividends. At 4.5% yield looks interesting enough for a top up. Like Ian I've also got Unilever but for me their yield 3.3% is too meagre for me to look at adding to just now. TATE has increased my income at only 2% annualised over 10 years whereas ULVR is more like 7% so it's useful to have both.

[Arborbridge]

For those interested in Tate watching, here's a yield chart. Purple line is the yield, gold stars, my buys. Note, for those who want as good as it gets, that's about 5% - and we missed such a peak in March. The price needs to be around 600p for that, I think. I haven't topped up since 2015.
The blue and red style squares are the rolling dividends and the solid black line shows they more or less keep up with RPI (not updated on my chart yet)




I was hot and bored, and this seemed better than physical work!

Arb.

[GrahamPlatt]

https://www.theguardian.com/business/20 ... de-tariffs

[Grumpsimus]

Graham

Tate & Lyle Sugars is owned by American Sugar Refining and is nothing to do with Tate & Lyle plc quoted on the LSE. They just have a licence to use the Tate & Lyle trademark.

[GrahamPlatt]

Thanks for the clarification there Grumpisimus. I did not know that. So, no £73m bonus to TATEs numbers then.

[MDS1951]

Tate and Lyle sold their sugar refining division to American Sugar Refining - now ASR Group - in 2010, along with the right to call that part of the ASR empire Tate and Lyle Sugars plus continued use of the brand name Lyle's Golden Syrup - the oldest branding and packaging in the world.

[Dod101]

Quite a bit like Carr's Biscuits and Carr's Flour Mills which no longer have anything to do with the current Carr's Group.

I cannot make up my mind about Tate & Lyle. Unilever has been mentioned in the same breath but in fact they are not exactly similar and I know which I would rather-and do- hold.

Dod

[idpickering]

I cannot make up my mind about Tate & Lyle. Unilever has been mentioned in the same breath but in fact they are not exactly similar and I know which I would rather-and do- hold.

Dod

It is because they are different, but still in the overall food sector, that I hold both. This in keeping with my liking to double up in sector holdings if viable. I don’t have a fave between them though.

Ian.

[Dod101]

Yes but doubling up on Unilever I would hold Reckitt not Tate & Lyle. Unilever is very big in personal care and household cleaning stuff, together bigger than food, important though that is.

Dod