Code: Select all
05-Jan-18 | SP | % PFO | XIRR | 31-Dec-18 | SP | % PFO | XIRR | SP 18+/-
AZN | £52.04 | 2.2% | 16.3% | AZN | £58.73 | 2.6% | 23.4% | 12.86%
BP | £5.30 | 6.1% | 17.3% | BP | £4.96 | 5.8% | 13.2% | -6.35%
BATS | £49.70 | 5.0% | 3.0% | BATS | £25.00 | 9.2% | -41.8% | -49.70%
BLND | £6.75 | 4.2% | 18.7% | BLND | £5.33 | 3.4% | -0.8% | -20.98%
CCH | £23.83 | 2.0% | 4.0% | CCH | £24.52 | 2.1% | 5.7% | 2.90%
DGE | £26.72 | 4.8% | 16.4% | DGE | £27.95 | 3.9% | 11.9% | 4.60%
G4S | £2.75 | 4.8% | 48.1% | G4S | £1.97 | 4.3% | 7.6% | -28.43%
GSK | £13.61 | 6.3% | -15.5% | GSK | £14.91 | 4.7% | -1.5% | 9.57%
HSBA | £7.64 | 4.1% | 12.9% | HSBA | £6.47 | 4.8% | 9.2% | -15.27%
IMB | £31.70 | 5.7% | -8.4% | IMB | £23.77 | 6.6% | -15.7% | -25.02%
INCH | £7.85 | 5.6% | 13.2% | INCH | £5.52 | 4.1% | 11.9% | -29.75%
IHG | £46.91 | 1.9% | 5.8% | IHG | £42.37 | 3.9% | -1.7% | -9.68%
RB | £68.41 | 3.7% | -3.9% | RB | £60.13 | 4.4% | -8.4% | -12.10%
REL | £17.14 | 4.6% | 21.6% | REL | £16.17 | 4.5% | 19.8% | -5.66%
RR | £8.64 | 4.3% | 6.0% | RR | £8.30 | 2.7% | 6.2% | -3.94%
RDSB | £25.63 | 8.0% | 39.2% | RDSB | £23.40 | 7.5% | 29.7% | -8.70%
SN | £12.86 | 4.6% | 9.2% | SN | £14.64 | 5.4% | 12.3% | 13.89%
ULVR | £40.93 | 5.5% | 12.7% | ULVR | £41.09 | 5.7% | 12.0% | 0.39%
VOD | £2.37 | 4.7% | 17.6% | VOD | £1.53 | 8.4% | -17.3% | -35.43%
| | | | | | | |
SOLD | | | | BOUGHT | | | |
BRK | £148.52 | 0.5% | 3.4% | RIO | £37.30 | 3.8% | -4.1% |
JLT | £14.04 | 4.0% | 35.7% | TATE | £6.60 | 2.0% | 0.1% |
WPP | £13.40 | 7.2% | -17.7% | | | | |
Full ISA allowance used as Additional Capital and all Dividend Income reinvested
DIVIDENDS
2018 - £11,495.92, 2017 - £9586.05, 2016 - £7317.31, 2015 - £6821.33, 2014 - £6693.64
A synopsis of where by stock my dividend payouts came from (% of Total Income & Stock code): -
Code: Select all
13.0% | VOD | 4.8% | INCH | 2.6% | REL
10.8% | RDSB | 4.6% | BLND | 2.3% | SN
10.0% | IMB | 4.3% | ULVR | 2.1% | AZN
8.5% | BP | 4.1% | G4S | 1.6% | WPP
6.8% | GSK | 3.2% | JLT | 1.1% | RR
6.4% | BATS | 2.8% | DGE | 1.1% | IHG
5.9% | HSBA | 2.7% | RB | 1.0% | CCH
YIELD - 4.23% based upon total cash payouts received relative to capital value at year end.
VALUE DECREASE - -10.15% Including Added Cash contributions, -14.26% Including Dividends received and Added Cash, -2.79% Total Loss of actual Net Worth. Not good enough........no one to blame but myself
COMMENTARY
Overall Stock performance during 2018 was poor as witnessed by the table below: -
Code: Select all
BATS | -49.70% | BP | -6.35%
VOD | -35.43% | REL | -5.66%
INCH | -29.75% | RR | -3.94%
G4S | -28.43% | ULVR | 0.39%
IMB | -25.02% | CCH | 2.90%
BLND | -20.98% | DGE | 4.60%
HSBA | -15.27% | GSK | 9.57%
RB | -12.10% | AZN | 12.86%
IHG | -9.68% | SN | 13.89%
RDSB | -8.70% | |
As you can see of the 19 stocks I held for the whole year only 1) AstraZeneca, 2) Coca Cola HBC, 3) Diageo, 4) Smith & Nephew, & 5) Unilever ended positively in the context of SP alone (not including dividends). Of the BIG losers I have added considerably to BAT (5.0% > 9.2% of portfolio) and Vodafone (4.7% > 8.4% of portfolio). As long as BAT & VOD sustain their dividend payouts I have faith the SP will recover over time.
Disposals during the year :
Berkshire Hathaway – I never really had a meaningful holding and decided to use the money elsewhere.
Jardine Lloyd Thompson – bitter/sweet as JLT is being acquired so I decided to bank an XIRR of 38%+ and a decent 5 figure sum and move on!
WPP – source of much deliberation I decided to through-in-the-towel on 27th July @ £11.80, as of year-end the SP of £8.46 validates my decision. WPP seemed to be held together by Sir Martin Sorrell, if he couldn’t profitably run his creation I’m wary of anybody being able to.
New holdings during the year :
Rio Tinto – stable seemingly sustainable dividend, a business with no/low amounts of debt and durable positions globally. Currently sitting on my books at a small loss though (XIRR -4.1%)
Tate & Lyle – high yield at time of acquisition, FTSE250 did seem to through up some bargains during 2018 as the political environment got increasingly volatile.
Stock Tip for 2019
Last Year I tipped GE @ $17.45, which is currently $7.45!!! So perhaps I shouldn’t hold too much weight to this and neither should you! However BAT, Inchcape and Vodafone may very well pull in decent recoveries during 2019 and are worth closer examination.
Let's Hope for a Happier 2019! Good Luck All!