Merchants Share Discussion Threads

[stupidboypike] 31/3/2016 16:05

Although they didn't cut their dividend in 2008!

[essentialinvestor] 31/3/2016 14:39

Yes looking through some of the main holdings that is also what strikes me.

The flip side is perhaps that you can currently buy MRCH at a fat discount to NAV
and if the worst comes to the worst and they need to cut the divi, would
have thought any reduction would be small unless we are facing a re-run
of 08.

[joe say] 31/3/2016 14:35

looks good/interesting but key holdings include dividend risky HSBC, BP, GSK etc

[essentialinvestor] 31/3/2016 11:57

lol - the yield is just over 6% at the current price.

[colonel a] 31/3/2016 08:56

Is it unreasonable to expect MRCH to name the two who beat them ?

[essentialinvestor] 31/3/2016 08:10

Their outlook on the macro appears a little optimistic to me.

[stupidboypike] 31/3/2016 08:07

Bought some more this morning, 6% fully covered, with a 34 year history of dividend growth and outperforming the index, what's not to like?

Best regards
SBP

[cwa1] 31/3/2016 07:39

Final Results:-

[tel5] 25/2/2016 18:03

this share will prove to be a good recovery play with a dividend to savour while you wait, majority of holdings are in sound companys which should recover in time

[noiseboy] 22/1/2016 11:06

I don't think you will regret that, Wish I had some funds yesterday to add to my holding !

[cwa1] 22/1/2016 08:12

Morning All

Just joined your merry band with a maiden(unless my memory is at fault!) purchase here at a smidgeon under £4. Hoping it will be a solid, decent yielding middle term holding that requires little, or no, attention.

Also that 6p divi next Thursday(XD) is pretty much in the bag too at this level.

Fingers crossed and good fortune to holders.

[asmodeus] 19/1/2016 14:16

Thanks for confirming speedsgh.

[speedsgh] 19/1/2016 11:16

@campervan1

from (select FULL DIVIDEND BREAKDOWN tab)...

FY to 31/01/2015 Total 23.80p
Final 6.00p XD 23/04/2015 paid 22/05/2015
Q3 6.00p XD 29/01/2015 paid 25/02/2015
Q2 5.90p XD 09/10/2014 paid 11/11/2014
Q1 5.90p XD 09/07/2014 paid 14/08/2014

FY to 31/01/2014 Total 23.60p
Final 5.90p XD 23/04/2014 paid 23/05/2014
Q3 5.90p XD 29/01/2014 paid 26/02/2014
Q2 5.90p XD 09/10/2013 paid 12/11/2013
Q1 5.90p XD 10/07/2013 paid 14/08/2013

Alternatively see

[asmodeus] 18/1/2016 16:59

Last year (and previously) it was on 29th January ,according to ADVFN "financials".

[campervan1] 18/1/2016 16:36

Been looking for the next ex div date and can't find it anywhere. Must be soon. Can anyone enlighten me please?

[speedsgh] 17/12/2015 15:15

New Edison research note released today...

High yield from focused UK equity portfolio -

[contango1] 29/9/2015 13:45

"the share price will largely follow the general trend"
Curiously 4 months ago FTSE up 17%, MRCH up 26%; 21 months ago FTSE up 14%, MRCH up 26%. Furthermore, the FTSE is more heavily committed to the weak commodities/mining sector suggesting that MRCH might have been expected to outperform the general market. Hence MRCH in headlong decline!

[colonel a] 29/9/2015 11:57

The share price has declined steadily for the past 4 months, as per the market.
Not headlong and not for 21 months.
The dividends have been supported from reserves, but only modestly.
The return is good but the share price will largely follow the general trend.
You pays your money ...

[contango1] 29/9/2015 10:09

My guess is that the quarterly dividend will be maintained at 6p but for the fourth year of five will require a top up from retained profit reserve.

[rcturner2] 29/9/2015 09:58

Cheers Q2U.

[q2u] 29/9/2015 09:44

the portfolio breakdown shows 3% in basic materials and 13% in oil and gas. most money is in financials and safer havens such as utilities. they have a good website with plenty of information. They have a history of recruiting some very clever fund managers so I expect them to be right on top of the current fluctuations.

[rcturner2] 29/9/2015 09:04

To what extent are they dependent on the commodity sector though? If dividends get cut across the board then they will have a hard time maintaining an increase.

[kiwi2007] 29/9/2015 08:55

Thought it was cheap at 413p...but like most of my 'investments' recently it's getting cheaper... :o(

[wirralowl] 28/9/2015 18:58

Yeah, 33 years of consecutive increases.

[stupidboypike] 28/9/2015 17:57

The dividend has never gone down in around 20 years (or more?) and is currently around 5.8%. I think these are a buy. SBP