Dunedin Income Growth In... Share Discussion Threads

[mr_bluesky] 20/1/2014 15:45

raj:

I hear you about the RSI but some very significant things have happened with GLEN to make me buy in.

On the daily chart it has been in an Inverted head and shoulders and has now broken out over the neck line.

On the weekly chart it has broken out over the long term descending resistance with a MACD cross over to confirm its bullishness.

Time will tell I guess and I have added my buy in price to my other thread so thanks for pointing that out.

HOC is looking tempting also,but not bought yet.

Mr Bluesky

[rajaster] 20/1/2014 15:11

Mr_BlueSky65 I notice you bought GLEN at 3.40 and posted on LSE. I've been in since 3.28. It is a tricky one if you look at the daily chart RSI is approaching 70 and slow and fast stochastics are over 70 approaching what I call the Pinch trade when then fast and slow meet and the stock declines in price or side trends. The movement today has been Weak although trend wise we are over the 10/20/50/200 MAs, the question remains will it pull back or will it side trend and continue upwards, volumes are hard to discern direction. The Weekly trend is up though but we need a strong close or a pause to catch up as its moved from the 260s up to 340.

[hazelton] 19/1/2014 16:20

Indeed Mr Bluesky. My attention is drawn to the sector partly from charts where the sector indices could imaginably be at a 'low' below which they should not drop. Longer term trendlines sometimes look to be attractive , although with reservations. With the miners some (RTZ,BHP) are bouncing along support lines (GLEN & AAL are more tricky). The yields dividend wise on the miners is probably high for the sector. PE ratios and MBV are low although with these cyclicals I believe that these considerations are perhaps not quite like other shares. I have never really gone in for the resources before but have built a diverse position in the last few months.

When such a sector has fallen like it has at some point the market is unreasonably overly depressed about it and it starts to offer value.

What is your reasoning ?

[mr_bluesky] 19/1/2014 08:43

There is plenty to go wrong as there is with any investment but I strongly believe that 2014 is the turn a round year for the mining sector and the year the miners dig them selves out......if you excuse the pun ;)

Mr Bluesky

[hazelton] 19/1/2014 08:37

Its a question of whether this is a retracment or the start of something new. Plenty to go wrong.

[mr_bluesky] 18/1/2014 23:52

this week the ftse 350 miners index has popped over the 200dma and 50dma on the daily chart.

The MACD has crossed over and the RSI is tending up into the 60's from over sold.

Green shoots that the index is on the turn and the 3 years of pain is over and its time to select your miners to go long IMO.

Mr Bluesky

[hazelton] 10/1/2014 09:01

The sector interests me. I have been looking at XSPR and JPM resources but the big 4 miners. I would like to understand a bit more about the sector. It is probably quite diverse with many beaten down stocks ???

[eriktherock] 30/12/2013 16:01

Fresnillo very strong of late even though silver spot is still being tamed.

[eriktherock] 30/12/2013 16:00

Yeah, I'm looking at the 'miners CFD' currently albeit I'm not sure I can wait til 4014 :)

[mr_bluesky] 30/12/2013 15:27

erik:

The next 3 years could well see some very good gains in miners starting in early 4014 when that descending resistance is broken over IMO.

Mr Bluesky

[eriktherock] 30/12/2013 15:09

Good stuff mate.

[mr_bluesky] 30/12/2013 15:05

The above chart is the FTSE 350 mining index weekly chart.

It shows that the index has been in a decline since early 2011.

The green line is the descending resistance and I believe that a break over this line will represent the end o the 3 years of pain for the index and the start of the turn around.

the vertical yellow lines show that each time the MACD has crossed over it has lead to a good advance.

Putting my neck on the line the next time the MACD crosses over I think it will break out over the descending resistance and signal the start of the mining rally.

RSI is trending up at 48 which is a good sign,along with other indicators,that a break out will happen IMO and could well happen as soon as 4 to 6 weeks from now.

Mr Bluesky

[mr_bluesky] 28/12/2013 15:01

29/12/13

The above chart is the FTSE 350 mining index weekly chart.

It shows that the index has been in a decline since early 2011.

The green line is the descending resistance and I believe that a break over this line will represent the end o the 3 years of pain for the index and the start of the turn around.

the vertical yellow lines show that each time the MACD has crossed over it has lead to a good advance.

Putting my neck on the line the next time the MACD crosses over I think it will break out over the descending resistance and signal the start of the mining rally.

RSI is trending up at 48 which is a good sign,along with other indicators,that a break out will happen IMO and could well happen as soon as 4 to 6 weeks from now.

Mr Bluesky
..................................................................................................................................

FTSE 350 mining index Weekly chart 14/02/14

Above is the up dated chart showing that the MACD crossed over on the weekly chart and the index is now just under the long term descending resistance dating back from 2011.



The mining sector has taken a three year beating,but I do believe that 2014 will be the year that puts the end to the demise and will be looked back on as the "turn around" year for the mining sector.

Here is a list of what to look for when investing...................



Mining share prices will need one or more of the following to stand a chance of rising in value during 2014:


> Commodity prices to be stable or rising
Costs to be stable or falling

> No economic shocks from China

> Positive economic data from the US

> Producers to meet or exceed output guidance

> Feasibility studies to show superior economics

> Reduced capital expenditure requirements (particularly juniors)
Improving cash flows

> No involvement in equity draw down financing schemes

[colonel a] 25/4/2013 14:24

Such an unloved share / thread ?
Currently returning a fairly modest 4% but does have a good {long term} record of divi growth.
And the table above is incorrect in showing gaps for 2003 & 2009; according to ADVFN financials.

[washbrook] 21/4/2010 08:26

XD today 6.5p paid 21.5.2010.
-----------------------------------
H2 Dividend 21-04-2010 21-05-2010 6.5000 GBX 10.2500
H1 Dividend 24-09-2008 07-10-2008 3.7500 GBX
H2 Dividend 23-04-2008 23-05-2008 6.5000 GBX 10.0000
H1 Dividend 26-09-2007 09-10-2007 3.5000 GBX
H2 Dividend 04-04-2007 08-05-2007 5.9000 GBX 9.0000
H1 Dividend 20-09-2006 29-09-2006 3.1000 GBX
H2 Dividend 05-04-2006 08-05-2006 5.4000 GBX 8.2000
H1 Dividend 14-09-2005 23-09-2005 2.8000 GBX
H2 Dividend 23-03-2005 29-04-2005 5.0500 GBX 7.5500
H1 Dividend 15-09-2004 24-09-2004 2.5000 GBX
H2 Dividend 17-03-2004 02-04-2004 5.0000 GBX 7.2500
H2 Dividend 03-04-2002 26-04-2002 4.6000 GBX 6.7500
H1 Dividend 12-09-2001 28-09-2001 2.1500 GBX
H2 Dividend 28-03-2001 27-04-2001 4.4500 GBX 6.5500
H1 Dividend 04-09-2000 29-09-2000 2.1000 GBX
H2 Dividend 27-03-2000 28-04-2000 4.3000 GBX 6.3500
H1 Dividend 06-09-1999 30-09-1999 2.0500 GBX
H2 Dividend 29-03-1999 29-04-1999 3.7300 GBX 6.1800
H2 Dividend 15-03-1999 01-04-1999 0.4500 GBX
H1 Dividend 07-09-1998 30-09-1998 2.0000 GBX
H2 Dividend 30-03-1998 23-04-1998 4.0500 GBX 6.0000
H1 Dividend 01-09-1997 29-09-1997 1.9500 GBX
H2 Dividend 24-03-1997 25-04-1997 19.3500 GBX

[kiwi2007] 08/9/2009 14:18

Due to drop out of the 250 I believe?

Could be holding their price back below NAV more than really warranted?

So, bought some of these instead of more EDIN... interesting to see how they run in tandem...

[shauney2] 13/5/2009 22:56

Thanks Washbrook for all the information on the various threads you have started.Looking at various investment trusts mainly for income.

[washbrook] 01/4/2009 15:58

FROM ANNUAL REPORT 1.4.09Dividend
While there is considerable uncertainty about the outlook for dividends, last
year witnessed robust underlying dividend growth in our portfolio and this
resulted in the revenue per share rising from 10.58p to 11.72p. This includes
recognition of the benefit of an initial rebate of VAT previously charged on the
Company's management fees (explained further below), which equates to 0.2p per
share. On the other hand, the earnings figure has borne the impact of the change
in allocation of interest and management fees charged to capital and income
(also referred to below), as well as the effect of carrying a lower absolute
level of debt. We are recommending an unchanged final dividend of 6.50p per
share, taking the full year dividend to 10.25p (2008 - 10.00p). It is proposed
that the final dividend will be paid on 22 May 2009 to shareholders on the
register on 24 April 2009.
-------------------------------------
Therefore xd 22.4.09

[washbrook] 24/3/2009 07:20

This stock looks cheap versus City of London investment Trust/Merchants trust/Law Debentures

[washbrook] 02/2/2009 08:55

Crunch time awaits?.
I am looking at the 1 day candle chart a closing price of 140p on Monday 2.2.09 should see a fall to 129p.

[cashflow101] 29/1/2009 15:59

I haveent got any of these,but I hold MRCH & CTY,so whatever you post will be of interest. What were the "rogues" upto then ?

[washbrook] 29/1/2009 13:47

I noticed two rogue posters on dig .
So I decided to open this thred this thread.
I have followed this stock for many years.
It is similar in many ways to Merchants Trust.
Dunedin Income yields 6.75% on the offer price at the moment of 148p
The historic dividend is 10p and paid twice a year.
I am monitor it with Edinburgh Trust (which is the highest rated of the income trusts),City of London IT, Perpetual Inc * growth and Merchants Trust.
Since 5.11.08 Dig is underperforming Edinburgh Trust .

[marwalker] 14/8/2008 19:50

The triumph of hope over reality , well that's the way I see the New Brave world of Digital Broadcast .
Now this may get a little technical but , lets look at what you're being railroaded into what you'll getting.
Do you notice how any fast action images tend to blurr or jump ?
Do you notice how DAB radios quality is not as good as FM ? It's a lie to say it's better.More stations maybe but you need to fiddle with the aerial just like the early days of FM.
Now here's the technical bit .... there just isn't the bandwith for all these sevices .... we are been forced into this so the gov. can sell off the terrestial spectrum for loads of money in the near future .... and leave us with a greatly inferior service.
Lets be honest if it was so good ,why spend millions in advertising to sell it to us ?
If you use Ceefax or Teletext soon you can wave goodbye to it , to be replaced by the vastly inferior digital version.

[cottlet] 04/11/2005 11:18

Anybody know why this is beginning to move up again?

[bsg] 19/11/2001 22:04

I'm in for 10^100 tomorrow.