State of play - My HYP

[idpickering]

Good morning all, I was asked to provide an update on my HYP. So here it is;

Stock

Admiral Group
AstraZeneca
BAE Systems
BHP Billiton
BP.
BT Group
British American Tobacco
British Land
Centrica
Diageo
Direct Line Group
GlaxoSmithKline
HSBC
Imperial Brands
Legal & General
National Grid
Rio Tinto
Shell (RDSB)
Royal Mail
SSE
Sainsbury
Standard Life
Tate & Lyle
Taylor Wimpey
United Utilities
Unilever
Vodafone

Sector                     Weighting   
Utilities                    10.2%                                                                                  
Oil & gas                    9.8%  
Pharmas                      9.1%
Tobacco                      9.0% 
Life Insurance               8.1%
Mining                       7.1%
Non life insurance           6.2%
Food producers               4.7%
Household goods              4.3%
Aero & defence               4.3%
Electricity                  4.0%
Fixed tels                   3.9%
Banks                        3.9% 
Real estate                  3.7%
Mobile tels                  3.5%
Industrial Transport         3.5%
Food retail                  2.6%
Beverages                    2.3%

Regards,

Ian.

Moderator Message:
Have merged the 2 threads as this is really a continuation with an update after Ian's purchases. Helps posters follow the "flow". Raptor.

[Darka]

I may be biased given that I recently topped up Greene King but I think it might be a sound choice for your HYP.

Hello Hypster, thanks for your post. I do get where you're coming from regarding Greene KIng, It's likely they'll be dumped tomorrow.
Ian.

Hi Ian,

I'm confused, Hypster said that he thought that topping up Greene King was a good idea; then you mentioned that you basically agree and that you'll dump them?

regards,
Darka

[idpickering]

I may be biased given that I recently topped up Greene King but I think it might be a sound choice for your HYP.

Hello Hypster, thanks for your post. I do get where you're coming from regarding Greene KIng, It's likely they'll be dumped tomorrow.
Ian.

Hi Ian,

I'm confused, Hypster said that he thought that topping up Greene King was a good idea; then you mentioned that you basically agree and that you'll dump them?

regards,
Darka

Hi Darka, with respect you misunderstood my comment. I said I got where Hypster was coming from, and then said they were likely to be dropped, which I just did.

Ian.

[Darka]

Thanks for the clarification Ian, that makes more sense to me

[idpickering]

Thanks for the clarification Ian, that makes more sense to me

You're more than welcome.

[Hypster]

Hi Hypster, im sure I'll be corrected if wrong but low div cover is mandatory on BLND as it is a REIT.

Oh yes, you're right, thank you monabri.

[Hypster]

Thank you Ian!

[moorfield]

+1 Ian.

Are you able also to give the yield of the whole portfolio currently?

M

[idpickering]

+1 Ian.

Are you able also to give the yield of the whole portfolio currently?

M

Morning moorfield, the overall yield of the HYP is about 5.2%.

Regards,

Ian.

[Raptor]

Moderator Message:
Have mergered the 2 "state of play" threads to aid following Ian's "purchases"..... Raptor.

[idpickering]

[

Moderator Message:
Have merged the 2 threads as this is really a continuation with an update after Ian's purchases. Helps posters follow the "flow". Raptor.

[/quote]

Hi Raptor, thanks for tidying it up. I thought my post had been deleted!!

[idpickering]

Good morning all, further to this post, tomorrow I shall be topping up my British Land holding, nudging them up to being about 4.4% in capital value of my 27 share HYP.

Ian.

[monabri]

plenty of time yet to change your mind eh?

[idpickering]

plenty of time yet to change your mind eh?

Not so on this occasion, but I am topping up GlaxoSmithKline too.

Ian.

[idpickering]

plenty of time yet to change your mind eh?

Not so on this occasion, but I am topping up GlaxoSmithKline too.

Ian.

Sorry, I forgot a bit. Next month I'm looking at bringing ITV on board. A new sector for me.

Ian.

[idpickering]

Sorry, I forgot a bit. Next month I'm looking at bringing ITV on board. A new sector for me.

Ian.

As I mentioned in another thread, I was able to buy a slice of ITV yesterday as well. This will be brought up to nearer average capital value weighting next month. Current media sector weighting (ITV) being 1.3% of the HYP whole.

Ian.

[idpickering]

Further to my bringing ITV on board my HYP as discussed, holders might like to know that Barclays has upgraded ITV, but down graded WPP.

Advertising market 'is improving', Barclays upgrades ITV but cuts WPP

Advertising is improving in the UK and media buyers are revising up their expectations for 2018, Barclays reported, leading to it upgrading ITV and lifting its share price target but downgrading WPP.

Barclays lifted ITV to an 'overweight' rating from 'equal weight' and raised its price target to 200p from 190p due to the improving UK advertising momentum and with its current valuation felt to be ignoring the non-television businesses

https://www.digitallook.com/news/broker ... 85985.html

ITV up 3% as I type.

[BreakoutBoy]

Difficult at first glance to understand the rationale for the downgrade for WPP: if the advertising market is improving then surely WPP as one of the largest, most diverse intermediaries in that market should be likely to do well. Bizarre.

[Arborbridge]

The linked article seems to have some missing threads to various thoughts, as thought we have come into a room in the middle of a conversation.

"If clients get the same service from agencies on lower fees in 2017, then why won’t they lower fees again in 2018?"

Er? Follow this line an fees will hit zero at some time in the future. i.e. there's something missing here!

[Gengulphus]

The linked article seems to have some missing threads to various thoughts, as thought we have come into a room in the middle of a conversation.

"If clients get the same service from agencies on lower fees in 2017, then why won’t they lower fees again in 2018?"

Er? Follow this line an fees will hit zero at some time in the future. i.e. there's something missing here!

Eh? Numbers can go down forever without hitting zero. Basically, all you need to do is start with a positive number and decrease it by the same percentage (> 0% and < 100%) of its current value each year. E.g. with 50%, the sequence 1, 1/2, 1/4, 1/8, 1/16, ... continues forever without ever hitting zero.

That example gets arbitrarily close to zero, but one could for instance add 1 to every term in the sequence to produce a decreasing sequence 2, 1.5, 1.25, 1.125, 1.0625, ..., that never even reaches 1 and so is always more than 1 away from zero.

Gengulphus