Category: Uncategorized (Page 382 of 462)

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

Thursday 9 May

Aurora Investment Trust PLC ex-dividend payment date
Balanced Commercial Property Trust Ltd ex-dividend payment date
Bellevue Healthcare Trust PLC ex-dividend payment date
Chenavari Toro Income Fund Ltd ex-dividend payment date
Custodian Property Income REIT PLC ex-dividend payment date
CVC Income & Growth Ltd EURO ex-dividend payment date
CVC Income & Growth Ltd GBP ex-dividend payment date
Fidelity Special Values PLC ex-dividend payment date
Gresham Technologies PLC ex-dividend payment date
Henderson International Income Trust PLC ex-dividend payment date
Invesco Perpetual UK Smaller Cos Invest Trust PLC ex-dividend payment date
JPMorgan Global Core Real Assets Ltd ex-dividend payment date
Marwyn Value Investors Ltd ex-dividend payment date
Petershill Partners PLC ex-dividend payment date
Picton Property Income Ltd ex-dividend payment date
PRS REIT PLC ex-dividend payment date
Taylor Maritime Investments Ltd ex-dividend payment date

I have started my own similar high income portfolio. I am using DRIP because I am investing in 4x ISA’s (wife, me, 2 x kids), so DRIP seems like the most efficient way to re-invest.

I understand your two rules for the SB Portfolio, I am wondering what your strategy is for selling / re-balancing / top slicing (or what ever the City Wire lot call it !). E.g. say you have £10k invested in a high yielding stock, the capital value goes up to say £13k, at what point would you be selling some capital down ?

Many thanks
RT

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I try to have very roughly the same amount in each position.

A profit is not a profit until it’s banked and it’s not a profit until the underlying Trust is sold because the market can take back all the profit plus extra.

I am guided by one fact, if a Trust yields say ten percent and the price doubles the yield falls to five percent, I would sell and re-invest if I could get a higher yield.

I f when u start to spend your dividends (drawdown), safety of dividends are more important so I might take out the original investment and re-invest into a higher yielder say eight percent and u would be receiving a yield of thirteen percent on your original investment.

Currently dealing costs are low so I would sell some shares if in profit, not including dividends and re-invest. The worst thing that could happen is the Trust’s price continues to go up and u make more money.

Re-investing earned dividends by DRIP, is a great low cost to grow your Snowball as your dividends are re-invested when markets are weak and u get a higher yield on your re-invested cash.