Hansard Global Share Discussion Threads

[garycook] 17/5/2017 09:09

Keep calm.HSD will recover in time.But slowly does it.

[osirisra] 17/5/2017 09:05

Today's 3p jump due to two trades going through with a gross value of less than £5k. There was I getting excited!

[osirisra] 11/5/2017 15:07

Ok fair enough, maybe should have posted my last post,,,, first.

[solarno lopez] 11/5/2017 11:19

I did and also the one by NTV

Unfortunately yours was an excellent piece but the cut in dividend needed highlighting for new investors mesmerised by the yield

[osirisra] 11/5/2017 11:10

Did you read my last post??????????????????

[solarno lopez] 11/5/2017 10:41

The dividend will be halved next year

[osirisra] 11/5/2017 09:23

From the Feb Half Year report
The Board has declared an unchanged interim dividend of 3.6p per share. Whilst the Board also expects to maintain its final dividend for H2 2017 at the same level as in 2016 (5.3p per share), looking further forward, the Group's new business growth will require additional cash resources before we see the returns from this investment. The Board has therefore decided that, from H1 2018, it will be necessary to implement a reduction of 50% in the level of the dividend.

So yes, from H1 2018 the dividend will drop to just under 5% yield but this isn't a fire storm. This is a planned investment in the business to enable it to grow. The projected growth has been well documented and we've been told just today, " Union Insurance and look forward to achieving growth in that area in the coming year."
What I take from the news in the public domain is that the firm needs to inwardly invest a portion of it's very generous dividend cash to grow the business in the way it wants to and they find that growth prospect exciting. If all goes to plan that 4.5p'ish drop in the dividend over a twelve month period will more than be made up by an increasing share price Then if they restore (or even increase) the dividend back to original levels we'll look back on these days as the ones where we should have been buying.
A quick look back over the chart for the 12 months prior to the dividend/investment news will show as average and fairly steady share price around 105p. (I've ignored the spike up to 140p). If in 12 months time they reinstate the dividend at the previous level that should take us back to 105p. Add on top of that the reason for reinstatement, larger portfolio, increased profits, where would the share price be then? Let's not be greedy, let's add a speculative further 10% so 115.5p, that's from today's 90p. In 12 months or so it is entirely feasible that we'll be back to 9.88% dividend yield (if you buy today) and be looking at a share price increase of 28% from today's levels.
I'm totally fine with inward investment for growth.
Osi'.
P.S. Granted there isn't a guarantee that the div will be reined in for just 12 months.

[ntv] 11/5/2017 08:58

osi
they said they would half next years dividend for cashflow purposes
this seemed a strange decision as most companies cut dividend straight away for cashflow purposes so why leave it a year
the question now, that the board needs to answer is, do they now need to cut the dividend next year
any way it is about time they got taken over and sorted out by a lean ,mean fighting machine
a lacklustre performance for years

[osirisra] 11/5/2017 08:57

NTV, HSD are a fairly boring firm when it comes to lighting up the column inches, that's true. If however you want to put your money somewhere relatively stable and secure (if there is such a thing) and take near on 10% home each year,,,, HSD is where you want to be.
For me stability and 10% in my pocket ticks a few boxes.
Osi'.

[osirisra] 11/5/2017 08:48

Nice to the point update today. Funds under management growing but the two key quotes for me were:
1. The Group traded profitably during the period and remains strongly capitalised.
2. We are delighted with the positive reception from our distribution partners in the UAE around our alliance with Union Insurance and look forward to achieving growth in that area in the coming year.

I read that as "We're growing but we expect to grow faster over the coming 12 months and your dividend is secure".

Even after today's rise the data tells you that (if buying in at 90p) you're looking at a yield of 9.88%. I just don't see why more people aren't in Hansard?
Osi'.

[ntv] 11/5/2017 08:44

better trading performance but these appear to be going nowhere at the moment

[osirisra] 27/4/2017 19:46

I'm in today. For the past five years this stock has been fairly steady regarding funds under management, dividend payment etc. No real dramas and a near 10% yield at this price, no brainer for a little purchase to bolt to the portfolio.

[ntv] 05/4/2017 09:15

Any news for the sudden drop?

[cockerhoop] 09/3/2017 09:24

Events at STM with QROPS does highlight the regulatory threat to tax avoidance products.

[ntv] 02/3/2017 09:36

thanx CWA1 thought so,
i personally think they should have cut the dividend this year to strengthen the balance sheet and to give funds for expansion

[mortimer7] 02/3/2017 09:34

Yes, 3.6pps.

[cwa1] 02/3/2017 09:32

Ex 3.6p today

[cockerhoop] 23/2/2017 10:03

As obviously is the 109.5p paid out in dividends over the last 10 years

[stemis] 23/2/2017 09:55

Well it certainly wasn't a good buy at 260p but that's irrelevant as to whether it is as at 100p.

[cockerhoop] 23/2/2017 09:37

SteMiS19 Feb '17 - 12:57 - 781 of 791 1 0
Just adding up the numbers; in the last 10 years they've generated 109.2p of earnings and paid out 109.5p in dividends.


I'm sure you are correct but the company floated at £2.60 just over 10 years ago so an investor holding throughout it's listed existence is down 50p and has had funds tied up for a decade.

Value trap?

[my retirement fund] 23/2/2017 09:14

Well it looks like the market finally got what it had been anticipating for the last 10 years.So now I guess the shares can finally start rising in future anticipation of improving business and future dividend rises.

[ntv] 23/2/2017 08:27

benefits cash flows straight away