Only just noticed that Louise K has left ASI to join Newton. She seemed good, don't think there was any announcement abt this,hmm. |
Hi panshanger1,
Good to see the 2nd interim dividend maintained at 3p a share, to be paid on 27th November to shareholders on the register on 6th November. Earnings per share have fallen but still above 6p for the first half. A great core holding in any IT portfolio.
Goldpig |
Best performing trust (equity income over 1 year )Well managed - nice discount and 5% yield Uk stocks unloved and at a big discount to other markets- plenty of upside if Brexit resolved and virus settles down Won't shoot the lights out but very steady GLA |
Yes, agreed. They have positioned themselves in a much better position than most equity income trusts. Nice to see! |
Very pleasing half year numbers today. 6% NAV total return outperformance over the FTSE All Share. Div payout maintained and fully covered giving a 5% yield. Well done to the managers. |
 First Interim Dividend -
The Board has today declared a first interim dividend in respect of the year ending 31 January 2021, of 3.0p per share, which will be payable on 28 August 2020 to shareholders on the register on 7 August 2020, with an ex-dividend date of 6 August 2020.
As has been widely reported, the impact of COVID-19 has seen a large number of companies suspending or cancelling their dividends, including some held within the Company's portfolio. There are many factors that will impact the speed with which those dividends will begin to resume, and at what rate, and that outlook is far from clear. It seems highly likely, therefore, that the Company's total dividends for the current year will not be covered by net revenue received. As shareholders are aware, however, the Company had revenue reserves at 31 January 2020 equivalent to 10.94p per share accrued from excess net revenue earned in earlier years, representing 86% of the current annual dividend cost. Future dividend decisions will be made based on the circumstances at the time, taking into account both dividend receipts and revenue reserves, but the Company's dividend policy remains to grow the dividend faster than the rate of inflation over the medium term. |
Discount has narrowed and rightly so Think this trust is still unappreciated though !Perfect timing with the move into AZN |
Proving very resilient and I notice now number 2 over 3 years uk equity inc ( behind FGT) - great turnaround by our new managers Having just read annual report does look like div safe for now looking at the portfolio and reservesOf course if second serious wave comes all bets are off |
I notice there still tinkering quite a bit with the portfolio Big change was introducing AZN which I think is now 2 nd biggest holding Overall looks fairly well positioned ( defensively) going into what could be a rocky 12 months and not too much exposure to banks/ insurance stocks where dividends have been annihilated - happy holder !! |
Hi,
Final results were very much in line with what I had expected.
Although EPS have fallen a little to 12.08p a share, the final dividend has been raised to 3.7p, payable on 29th May to shareholders on the register on 11th May.
Total dividend for the year is 12.7p. After payment of the Q4 dividend revenue reserves will be 10.94p a share.
The drop in eps was well flagged in advance, so this year the total dividend is not fully covered. Even if eps fall further this year (as I would expect, because of the coronavirus,) the trust looks well placed to maintain dividends until this crisis is over.
Goldpig |
I topped up yesterday and today |
Hi panshanger1,
I have just completed building my holding in DIG, with a small purchase on Monday, bringing my total to 20,000 shares. In the short term Coronavirus threatens all investments and I expect a very volatile period over coming months. Some market analysts interviewed on Bloomberg think a further 15% fall in the DOW is on the cards, so, short term further falls in the UK seem likely. I hold all IT's in my ISA for the long term. Market value of my DIG investment is still well above average purchase price as are my other IT holdings, HFEL and MRCH.
In April I will start building a new position in another Investment Trust; and given market volatility will most likely drip feed money into my ISA. I have a couple of IT's I am following closely with a view to making an initial purchase. My decision will depend on market conditions.
Goldpig |
I notice this trust now best performing over 1 year uk equity income sector New manager has certainly turned this around Long may it continue |
Quite resilient this stock lately, ex div on the 6th |
Yes sounds interesting, I have held EDIN in a fidelity acc for years, never liked invesco, however the jury is out on Majedie..i have cash to invest, so looking for opps. |
Have done well in these but have today also bought some EDIN as I think this trust looks undervalued in comparison to other UK Equity Income Trusts. The depressed EDIN share price owing to the poor performing, but now to be replaced, asset Mgr creates an opportunity to get into a spread of big dividend hitting UK Equities on the cheap when other similar UK trusts are now on very narrow discounts. The 11% disc and 4.5% yield looks compelling. The 1.65 years of income cover in the income reserve also gives an unrivalled level of comfort for future income distributions. Still keeping my DIG for the income as well but they have had a good run. Hoping EDIN will generate capital growth in addition to the income as the discount moves into line with similar trusts. |
It's a golden oldie no doubt but performing better under a new manager who has reorganised the portfolio over the last 2 years ? Feels like FYI :you'll see further comments on DIG recently on the merchants trust board |
Still my favourite IT and one of my top 7 portfolio holdingsGlad I bought a massive dollop in 2016 and some more drips on the way up |
Bought 6k of this yesterday, hopefully upwards trend continues, will add on any big dips. this along with tmpl, mrch and cty are my UK its. |
A fairly steady trust. I've held for a few years and topped-up once I think. I'm happy to hold this golden oldie, until I become one!
Read the 150 year booklet last year. A typical John Newlands booklet, but an interesting read. John Newlands seems to have a monopoly in the market for investment trust history publications... congratulations to him as investment trusts deserve a great deal more acclaim than they receive. Basically, investing in ten of the best investment trusts is all the average investor needs to do to secure a very robust financial future. Its been that way for well over 100 years! |
Hi,
Final results out today and DIG announced a final dividend of 3.45p payable on 29th May. Ex dividend date is 3rd May. Total dividend for the year 12.45p. Additionally .38p added to dividend reserves which now stand at 11.54p.
The final dividend is slightly ahead of what I had expected. Have to go out so will take a look at the report later.
Goldpig |
UKX level has a significant bearing. Around the 7200 area
we have sold off from a number of times. Luck with your holding. |
Hi EssentialInvestor,
I too have added a few in recent weeks using ISA dividends. The shares may well spike up on results, but the direction of travel looks certain to be dominated by Brexit progress, or more likely lack of it. I am building my position here and hope to add gradually over the coming months on price dips, drip feeding money into DIG rather than making a large ISA share purchase, which I usually do when building my position in a company at the start of the new tax year.
Goldpig |
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