Category: Uncategorized (Page 292 of 373)

The current working example is SUPR but as always best to DYOR.

Looking at the chart (posted below) let’s assume the price continues to rise and fall but doesn’t actually change much.

The current yield is 8% so in 12.5 years u will have received all your capital back and achieved the holy grail of investing of having a share that sits in your account at nada and pays u an income. If SUPR is still being quoted, the time frame of 12.5 years will be less as the dividend should gently increase over the period.

If u compound your dividends at 8%, it could be back into SUPR or anything else that your research identifies as a ‘secure’ dividend payer, u will achieve the holy grail of investing in 9 years. U could have two trusts paying a yield of 8% on two positions 16% pa on your original investment. Compound interest goes crazy bananas if u have 20 years plus to re-invest, remembering u should make more in the final few years than all the preceding years.

GL

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Broker recommendations whilst interesting are absorbed into the market after a couple of days.

The only real interest for the blog is

‘ How likely is it that SUPR will be able to pay a gently increasing dividend.’

All the rest is interesting but of no value as the intention is never to sell whilst the Trust yields at least 7%.

The Snowball will receive a dividend payment next week for £167.00 which will be re-invested in the portfolio.

Dividend

In August 2023, the Company paid a fourth interim dividend in respect of the period from 1 April 2023 to 30 June 2023 of 1.50 pence per share, taking total dividends paid and declared in respect of the financial year ended 30 June 2023 to 6.00 pence per share.

In November 2023, the Company paid a first interim dividend in respect of the period from 1 July 2023 to 30 September 2023 of 1.515 pence per share and in January 2024 approved a second interim dividend of 1.515 pence per share for the three months ended 31 December 2023.

The Company is continuing to target a dividend of 6.06 pence per share in respect of the year ended 30 June 2024.

SUPR currently yields 8% and trades at a discount to NAV of 16%.

If u study the chart SUPR traded above its NAV and may do so again when interest rates fall. The NAV rises as rents are received and falls back as dividends are paid. No dividends are included in the chart. It’s been a painful period for holders of SUPR as the price fell but out of adversity there was the opportunity to re-invest the dividends because as the price falls the yield rises. The DRIP has been suspended but dealing costs have also fallen and whilst they remain low it’s not much of a fiscal drag on the portfolio.

The dividends have risen by nearly ten percent over 5 years, so IF the price was 100p in five years time the dividend could be 6.5p, a yield of 8.5%. The price would have to rise substantially or the yield to be cut to consider selling the Trust. Maybe some shares could be sold to book a ‘profit’ but that would depend on the yields available in the market at the time.

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Sorry can’t help there.

Still mostly unloved, maybe better with a higher yield, just in case u buy at the wrong time but as always best to DYOR.

I’ve bought for the portfolio 9961 shares in JLEN for 9k.

I’ve bought for the yield of 8.3%. If I was buying solely as a trade I would have waited to see how the price develops. Next dividend June.

I’ve sold the shares in PHP for a profit, including dividend earned but not received of £394.00.

The portfolio had a previous losing trade with PHP and the total loss is reduced to £17.00