S & U Share Discussion Threads

[jeffian] 22/3/2020 18:38

None taken.

;-)

[chrismcglone] 22/3/2020 16:54

I’m factoring in some significant dividend cuts Jeffian. I’m not sure how it can be avoided with such big falls in share price Possible suspensions as well. This crisis is way beyond anything any of us have ever witnessed and the global economic impact will be equally as large. However, I do think it will be controlled and will pass and I’m prepared to buy companies who will once again pick up their income streams and revert to paying divi’s. It is the volume of shares that I can now purchase therefore (relative to 6 mths ago) that I’m looking at.

When I first bought in here, following the 2008 crash, I factored in a certain dividend cut. At the time the shares were yielding 12%. The dividend never was cut. And has grown ever since. The very small turnover of stock/trading gives a significant degree of protection to our divi here and one of the reasons I am confident purchasing more. Even if it does get cut, I still see at least something reasonable being maintained. My remaining mortgage payments are at 2.2%. So long as my portfolio yields more than that I am happy to let it run. And that’s what this game boils down to, ie your own personal and private objectives and life planning. Once you work that out and have the confidence to put your own, bespoke investment plan in place to meet your objectives, investing is a whole lot easier and less stressful. No advice intended obviously :-)

[jeffian] 21/3/2020 14:55

"Income for me at this stage of my life"

Me too but getting slightly twitchy about how many companies are deferring/cancelling dividends to conserve cash while this virus business goes on. I have an income-biased portfolio but feeling lucky to have substantial cash available as a result of recent takeovers. I was planning reinvestment but may now actually need it to live on!

[chrismcglone] 20/3/2020 19:55

Meant to say, yep I still hold AAZ, CEY(20yrs now), SHG. Other sector companies as well which have been equally hammered, eg Big Yellow, Redrow to name a couple. I don’t have a lot to put in at the moment but I will use the drop to increase my holdings in most of my portfolio. Apologies for off topic folks.

[chrismcglone] 20/3/2020 19:50

I will definitely be buying a few more here ilostthelot. Income for me at this stage of my life and very, very long term hold (well, hopefully I’ve a few years left). I don’t think we’ve seen the bottom yet but the announcement from the Gov an hour or two ago re footing 80% of salaries is just what employees and businesses needed. I’m glad they’ve had the bottle to do it. It’s the right thing to do.

The worst of this crisis is still to come for the UK and USA and at some point during that there will be extreme pessimism and gloom. We might see the bottom then. I’m content to buy a few on the way down as I already see good value in places. I am expecting dividends to be cut or even suspended but that won’t put me off.

[ilostthelot] 19/3/2020 20:27

Alright Chris, you're right the world will recover as will good quality stocks like SUS.
China already looking alot better..

There is great bargains to be had. Rdsb look good just with a long term view currently paying 15% divi.. Not to bad. They're pricing in a divi cut there.



There is loads of good opportunities just now but cheap could become cheaper..

AAZ back to 80p nearly 10% dividend the now.

[aleman] 18/3/2020 10:31

The key is credit quality, which has been on enough of a deteriorating trend to put me off buying in for a couple of years now, though I continue to monitor. They did reckon to have tightened up, though so it might improve. As normal, it was not covered in trading updates, so will have to wait for results again to see if it has improved or not.

[chrismcglone] 16/3/2020 20:19

I think the bottom line Typo56 is that nobody knows the full extent of the fallout from this and in exactly what markets. IMO, Almost everything will be hit but the world will recover, things will eventually get back to some semblance of normality and I reckon S&U will survive OK. Short term yep, there could be a significant impact. I’m prepared to take the risk.

[typo56] 16/3/2020 19:18

A significant number of people face reduced income in the coming months and may find it a stretch to maintain their outgoings, including the motor finance. The level of defaults is likely to increase IMO. Remember, Advantage operates in the "non-prime market sector", as the company puts it. A sector in which employment may not be that secure.

At least they'll probably be spending less on going out!

[jeffian] 16/3/2020 16:43

In what way?

[typo56] 16/3/2020 15:15

Is there no fear of S & U being exposed to the motor finance sector?

[plasybryn] 28/2/2020 16:39

Not many stocks closed up today. Well done S&U.

[gabsterx] 18/2/2020 11:05

While everything else cash and burns my portfolio is up thanks to my largest holding S&U. Thank you Mr Coombs and team for the great work you are doing for your shareholders!

[jeffian] 18/2/2020 10:41

Big write-up in today's telegraph. Rated a 'Hold'.

[cwa1] 12/2/2020 16:30

It is indeed jeffian, nicely spotted ;-) Think investorschampion is a bit more about transmit than receive. Wonder if they ever read any of the boards they post on?

[jeffian] 12/2/2020 16:26

Is that the same link as in #1550, CWA1?

;-)

[cwa1] 12/2/2020 16:04

And just to help investorschampion...AGAIN :-)...here's a clickable link:-

[rogerbridge] 11/2/2020 07:43

Very satisfactory statement, steady as she goes. Housing market picking up,so hopefully Aspen will see an uplift in business.
Coombs is so predictable, a safe pair of hands.

[plasybryn] 10/2/2020 16:30

And me. A unique share for sure. News tomorrow of course.

[contrarian joe] 10/2/2020 13:06

Thanks for link Cwa1,an honest assessment,feel wer'e in good hands here,just love these type of steady Eddie companies.

[cwa1] 10/2/2020 08:36

Investor's Champion podcast Anthony Coombs...

[plasybryn] 08/2/2020 10:08

Q4 and Full Year Trading Update due out on Tuesday 11th. News of next dividend payment. Plus as bench2 identified nice article in this week's Investors Chronicle. Start of the long overdue re-rate perhaps, running up to the dividend.