Chelverton Uk Dividend Share Discussion Threads

[my retirement fund] 10/6/2015 11:21

NAV now over £2.10p,

Discount still an eye watering 15.80%, crazy needs to close up imo.

[skinny] 04/6/2015 07:28

Released 17:39 03-Jun-2015

Small Companies Dividend Trust PLC

The Company announces:

Total Assets (including unaudited revenue reserves at 31/05/2015) of £44.68m

Net Assets (including unaudited revenue reserves at 31/05/2015) of £34.7m

The Net Asset Value (NAV) at 31/05/2015 was:

Number of shares in issue:

Per Ordinary share (bid price) - including unaudited 209.66p 16,550,000
current period revenue*

Per Ordinary share (bid price) - excluding current 204.43p
period revenue*

Ordinary share price 175.00p

Discount to NAV (16.53)%

Ordinary shares have an undated life

ZDP share 117.42p 8,500,000

ZDP share price 125.25p

Premium to NAV 6.67%

ZDP shares are held in a subsidiary and have a redemption date of 08/01/2018

*Current period revenue covers the period 01/05/2014 to 31/05/2015


Name of company % of portfolio

1 Acal Plc Ordinary 5p 2.71

2 Clarke (T.) Plc Ordinary 10p 2.66

3 Connect Group Plc Ordinary 5p 2.44

4 Dairy Crest Group Plc Ordinary 25p 2.35

5 Braemar Shipping Services Plc GBp 10 2.29

6 Avesco Group Plc Ordinary 10p 2.25

7 Alumasc Group (The) Plc Ordinary 2.23 12.5p

8 Kcom Group Plc Ordinary 10p 2.21

9 Wilmington Plc Ordinary 5p 2.12

10 GVC Holdings Plc Common EUR0.01 2.11

11 Marston's Plc Ordinary 7.375p 2.11

12 Epwin Group Plc Ordinary 10p 2.10

13 Intermediate Capital Group Plc 2.06
Ordinary 20p

14 Town Centre Securities Plc REIT 25p 2.04

15 Moss Bros Group Plc Ordinary 5p 1.96

16 DX Group Plc GBP0.01 1.84

17 Stadium Group Plc Ordinary 5p 1.80

18 Macfarlane Group Plc Ordinary 25p 1.73

19 Personal Group Holdings Plc Ordinary 1.65 5p

20 St.Ives Plc Ordinary 10p 1.65

[my retirement fund] 03/6/2015 23:43

should add accrued revenue stacking up nicely. On a forward basis, plenty more room for continued dividend increases.

If I had to guess, perhaps a special declared with July's and the forward dividend being rebased higher at 2p per qtr.

[my retirement fund] 03/6/2015 23:41

. nav now over £2.09

[my retirement fund] 30/5/2015 13:50

Ditto nav now over £2.07.

[my retirement fund] 19/5/2015 17:13

NAV out now over two pounds, 203.14p discount still over 15%

Could be on a run very soon as looking stupid value

[davebowler] 19/5/2015 16:26

ASCH is also on a run.

[contrarian joe] 10/5/2015 16:58

Aleman,agree with a lot of that,much prefer to be in early providing the fundamentals stack up & the chart is on a nice support with a divi while you wait.Bamboo2,thanks to the Bulkowski's link,have been on my (to buy)for a long time, my only problem is not trying to over complicate t/a (that's if it is a problem), ( everyone to their own strength's),using rsi,ma,support,resistance,stoc,macd, works for me most of the time.Looking at the funds latest editions surprised they never added HVN,UTW,LVD,OSB,to their portfolio.

[essentialinvestor] 10/5/2015 11:43

Surely this is a case of fundamentals as well.

Some liquidity had left smaller caps in the run up to the GE,
you would expect the sector to perform strongly now, provided wider markets
stay around these levels.

[bamboo2] 10/5/2015 11:37

Aleman, totally agree. A great website to research charting is Bulkowski's. He has backtested many patterns to enable them to be rated for performance. Here's a link,


I have numerous recent examples of accurate charting. eg Search the CPR thread for the few charts I have posted. [I do not hold, chart used to build up experience, as here].

More relevant to this thread, this is a £Gold chart posted on the SHA thread recently, together with a live chart to track it's performance. Obviously the target is not a dead certainty, but the odds are far greater than 50/50.

[aleman] 10/5/2015 00:57

Shares are driven by fundamentals in the long run but not everybody understands fundamentals and how to value and they make decisions for lots of reasons, one of which is just price history. Human psychology affects the price in the short term and it creates certain patterns. The way to make money is to understand that you cannot predict which way a share will go without fundamentals but you can work out where the likely pysychological stopping off points on a chart will be without knowing them. Let the market decide the direction while you trade the momentum between the points of resistance and support that will be set by psychological factors. It's not the way I would want to try make money but a rare few are good at it because there really is something in it.

I'm a fundamentals investor but it helps if you can appreciate charting a bit so you can understand why shares don't react instantly to changing fundamentals and shoot to fair value instantly as news changes. The market is made up of humans and their pyschology can get in the way of fundamentals quite a bit. I think understanding that pyschology affects shares in repeating patterns will help you to do a little better than a plain vanilla fundamental investor. Try and find TA books that explain some of the psychology. Read and digest. Take on board why there might be something in it and then go out and invest on fundamentals again. You'll start seeing patterns in shares you are interesteed in and you'll look at their price histories differently and you might just be a slightly better investor. I was a sceptic for a few years before I realised I was wrong. It doesn't help a greeat deal but if you can just add 1 or 2% a year to your performance through better timing of your buying and selling on fundamentals, you will be considerably wealthier in the long run.

[bamboo2] 09/5/2015 12:16

I currently only go long, and choose to look for reliable patterns in charts that already have good fundamentals, and/or a good story. Charting has changed my whole approach to share dealing.

It will be interesting to see how this works out.

This is the b/o. I have calculated the target using Bulkowski's formula for this pattern. Watch for throwbacks.


daily

[dr biotech] 09/5/2015 11:06

I always a bit dubious about charting. I can see why it would work with a single share as it is a reflection of sentiment or even perhaps entry points etc. But for a trust is it really relevant? I mean if I had a trust of say two shares, and those shares had one good and one bad chart would the amalgamated one be relevant?

Having said that I know people do it a lot with the FTSE. But I also find that a bit strange too - if you look at the data with IG often the percentage of people short on the FTSE is high, but not in any of the individual companies.

More relevance would be analysis of the discount to NAV. Fridays gain seemed to be rise of NAV plus an improvement in sentiment.

[aleman] 08/5/2015 15:10

The moving averages look very positive now. Topvest's speculation that something positive might be about to happen seems to have been well founded. Interestingly, one or two other investment trusts look to have closed discounts sharply today.

[bamboo2] 08/5/2015 09:24

Yes looks like a b/o, much sooner than I thought possible [mid-late June]. Need to get the eod candle to confirm. Target, assuming confirmation of pattern is approx 187.5

[my retirement fund] 08/5/2015 09:17

Well thats a clear break out of your triangle bamboo.

Its right on the button of alemans triangle.

Where now, guess we will have to wait till the conservative election honeymoon is over.

[my retirement fund] 08/5/2015 08:53

Blimey this is a terrific indication of the political risk being carried.

[bamboo2] 06/5/2015 21:43

I think the chart could be showing a triangle pattern. Will suggest targets, once the outcome is clearer and nearer. There looks to be a small H&S that could cause the share price to re-visit the lower trendline, it might make an excellent entry point.

[aleman] 06/5/2015 21:06

I've altered the scale in the header.


free stock charts from uk.advfn.com


My little attempt at TA suggests 3 targets. I think the shares have been a bit unnerved by the election. How will the economy do after? i see the above 3 targets. It may seem like reading tea leaves but I do get this right sometimes even though I'm into fundamentals really.

[topvest] 06/5/2015 20:05

Is the cross-over point on the 3 moving day average lines above a bullish chart signal?

[speedsgh] 06/5/2015 16:13

"I mean where has Teresa May been?"

I think (rather wisely) that she has been orderd to keep a low profile. She is hardly the image that the Tories want to be projectng to the wider electorate!

[skinny] 06/5/2015 16:02

Thankfully only one more day before we know whether we are to live in Utopia or Dystopia.

[dr biotech] 06/5/2015 15:58

Its become more of a presidential campaign - there have perhaps only been a dozen or so "top" politicians in the news - namely the leaders and chancellors. I mean where has Teresa May been? or whoever would be the labour home secretary? I don't even know who that is.

Seems to me like its two boxers dancing around the ring each trying their best not to get hit - rather than trying to actually land a policy punch.

Moment of the election for me is Nick Robinson saying that there has been a lot of "cross dressing". Its hard to know who stands for what.

That and a radio interview I heard with Priti Patel saying that the money they are going to spend has been clearly costed and in the manifesto - when pushed said "consolidation". They are all as evasive as each other.

[speedsgh] 06/5/2015 14:41

Skinny - Would wholeheartedly agree. Quality of virtually all UK press (newspaper/TV) is an embarrassment. BBC one of the worst offenders. It is predominantly sensationalised agenda-driven nonsense.