Dod1010 wrote:Whilst I can sympathise with those who have lost on Interserve, this is the HYP Practical Board. Why not just get out as support service companies (in all their guises) have proved themselves not to be suitable candidates for a HYP?
Just think of those which have failed the basic HYP test of a steady and increasing dividend? More than almost any other sector and in fact very few I think that have proved to be out and out steady performers.
Dod
It is easy to say that now, Dod, but for many years IRV performed extremely well, paid a good dividend, increased it every year, and achieved excellent capital growth, admittedly with a few ups and downs on the way. See:
https://dividendplanet.com/interserve-i ... tory-yield. Are you saying it was never a suitable HYP share? As for getting out, when a share plummets as IRV did because of a major cock-up, I wouldn't agree that the best move is to exit without waiting for the dust to settle and trying to see which way the wind is blowing. It may, with hindsight, turn out that that would have been the best course of action but it hardly fits with HYP philosophy and it could just as easily turn out to be an over-reaction. IRV's share price was 199.25p on 30.1.09 and had risen to 730p by 31.5.14, by which time my family's holdings had risen to a large sum, most of which on paper disappeared with the profit warning. Yes, it had decreased gradually, with ups and downs on the way, over the past couple of years but my priorities lay elsewhere during that time and in any case HYPers are not supposed to worry about the share price, are they, so long as the divs. keep coming in?
Clearly they are not a HYP buy at the moment but I doubt I am the only remaining holder on TLF and I don't see what is not HYP practical about drawing attention to announcements which have affected or might affect not only the share price, possibly providing an opportunity to exit, but the long term recovery prospects and might make those who have already lost most of their investment decide to risk hanging on in the hope of a slow climb back and a return to dividends. It has had ups and downs over the years and with the right management might recover but if it doesn't I haven't much more to lose anyway so will probably hang on. IMHO till it goes bust or gets taken over for peanuts, assuming it was at one point a HYP candidate (it has certainly been discussed on here by others) one or other of the HYP boards (perhaps it should be strategy) should continue to provide a forum. You have only to skip my posts if not interested. Can someone please explain where practical stops and strategy begins. I should have thought they were intertwined myself.
