Dunedin Income Growth In... Share Discussion Threads

[lurker] 05/2/2021 13:31

I know...I love this share...still my favourite IT amongst the many I hold

[panshanger1] 05/2/2021 10:46

Not even a hiccup yesterday for 3 pence ex divGreat long term hold uk eq inc GLA

[panshanger1] 03/2/2021 12:19

Ex Div tomorrow

[chc15] 29/12/2020 12:25

Yes, but very welcome! Bought a lot around 280 last year, some at 240 this year, just happy to be in good profit now.

[panshanger1] 29/12/2020 10:49

These sorts of moves very unnerving in this steady, boring old trust !!

[chc15] 26/11/2020 18:29

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.

[goldpiguk] 07/10/2020 16:39

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

[panshanger1] 07/10/2020 12:09

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

[topvest] 24/9/2020 18:32

Yes, agreed. They have positioned themselves in a much better position than most equity income trusts. Nice to see!

[ec2] 24/9/2020 11:07

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.

[speedsgh] 12/6/2020 11:30

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.

[panshanger1] 13/5/2020 10:12

Discount has narrowed and rightly so Think this trust is still unappreciated though !Perfect timing with the move into AZN

[panshanger1] 28/4/2020 10:34

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

[panshanger1] 09/4/2020 13:33

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 !!

[goldpiguk] 09/4/2020 11:22

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

[chc15] 10/3/2020 11:36

I topped up yesterday and today

[goldpiguk] 04/3/2020 19:49

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

[panshanger1] 03/3/2020 18:48

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

[chc15] 31/1/2020 20:28

Quite resilient this stock lately, ex div on the 6th

[chc15] 24/12/2019 13:22

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.

[ec2] 23/12/2019 19:05

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.

[panshanger1] 21/12/2019 16:19

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

[lurker] 21/12/2019 05:22

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

[chc15] 19/12/2019 11:13

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.