Ex dividend today |
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value
EXCLUDING undistributed current year revenue
167.23p
INCLUDING current year revenue
170.99p
So, again at a premium and explaining the current issue of new shares. |
@24 December
NAV per Ordinary share (unaudited) with Debt at Par & Fair Value
EXCLUDING undistributed current year revenue
167.30p
INCLUDING current year revenue
170.59p
So current price around fair value. |
Another one of those strange ut finishes. |
A welcome unexpected rise in the final dividend set to continue next year pushes the yield over 7%. Obviously a bit more headroom from income than there was last Summer, benefit from ongoing issues and a bit of trading perhaps.
Hopefully that will stop whoever was undercutting and restore a small premium, back towards mid-170s would be reassuring. Would save the need for buybacks. Feeling pleased (lucky) to have added during the recent dips, income investors looking for a safeish high yield should be piling in although the real boost will come when gilt yields drop off. |
Added a few myself |
A small 2500 top up at 168.815p , so lots of the trades yesterday must have been buys looking the spread showing. |
Increased interim dividend and decent increase in next years dividend target:
increased 4th interim dividend, in respect of the year ended 31 December 2024 of 3.0625 pence per share. This dividend will be paid on 20 February 2025, to shareholders on the register at close of business on 17 January 2025. The shares will be marked ex-dividend on 16 January 2025.
In addition to providing shareholders with an increase in the dividend for the current financial year the Board is pleased to announce an increased dividend target of 12.25 pence per share for 2025. |
Seems to be drifting back towards a small premium without management intervention, the player spiking the share price down seems to have given it a rest for now. Topped up today. |
The market is probably bored titless with your inane commentary polly 😍 |
What DOES all this bouncing about mean? |
Attempts to spike down the BIPS share price are still ongoing, albeit low volume. Very mysterious. As yet no response from the manager. Watching to see if a 164-165p opportunity comes along. Otherwise this ought to return to the 170's, nothing fundamental has changed that I can detect. |
...All change! |
marktime.
Me too |
Strange behaviour isn't it, as if someone has been lining up to undercut BIPS by 5p or so. Not caused by anything macro or specific to the portfolio, NAV steady. I wonder if BIPS will respond to the sudden discount by rebuying some stock.
I have added a few today. |
11_percent
Why ? |
Not the time to buy......going lower. |
As if to make a fool of me BIPS suddenly sinks to buy territory, 6.7% yield available at 169.x this morning. Presumably kicked downstairs by the hot CPI and UK gilts nudging up again.
Watching closely and wondering where to find some cash. |
Price does seem to have settled somewhat above NAV.
Wonder if we will get another of those huge price down spikes? ;-) |
Yikes! another one of those price spikes.
Anyway, today NAV is 168.62p |
That looks like the same anomaly as at the end of May, almost like a data error maybe someone typed 164 instead of 169. I doubt there will be a trading opportunity on Monday, expect it to open 170. |
Phew some ut drop , hope to pick some up at similar level Monday |
NAV currently 168.94p. So share price is at a slight premium. |
As I was trying to reply on the 'other' BIPS board:
marktime1231 30 Oct '24 - 16:38 - 261 of 261
Well I have given up trying to trade a cycle here, the share price is confined to such a narrow range. Back to Plan A, hold for the yield and do nothing, patiently wait for the price to gradually improve. Look elsewhere for excitement.
Indeed!
Unless we are in the midst of a financial crisis. |
The BIPS board for those who wish to bypass the chump known as CWA1? |
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