Search found 11 matches

by blobby
January 14th, 2017, 5:16 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Sainsbury's 3rd Quarter Trading Statement
Replies: 66
Views: 1370

Re: Sainsbury's 3rd Quarter Trading Statement

Gengulphus, What he does say is to ignore forecasts that any observed trend in it will continue into the long-term future - including any such forecast that you yourself are making, quite possibly just as an unconscious association with the word "trend". I think you have put your finder on...
by blobby
January 14th, 2017, 12:13 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Sainsbury's 3rd Quarter Trading Statement
Replies: 66
Views: 1370

Re: Sainsbury's 3rd Quarter Trading Statement

Thanks for the response kempiejon, It looks like I have missed the Stephen Bland concept of a history of rising dividends. I've found this from Stephen Bland in 2001 Value Investing http://news.fool.co.uk//valueinvesting/2001/vi011123.htm Where he says: Secondly, look for an increasing dividend hist...
by blobby
January 14th, 2017, 10:25 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Sainsbury's 3rd Quarter Trading Statement
Replies: 66
Views: 1370

Re: Sainsbury's 3rd Quarter Trading Statement

Many thanks to idpickering for the link back to Stephen Bland's article "How To Pick A High Yield Portfolio" http://news.fool.co.uk//valueinvesting/2005/vi050304.htm I'm not (yet) a true disciple but I'd like to relate Stephen's criteria to the subject of this thread - J Sainsbury and whet...
by blobby
January 13th, 2017, 10:26 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Sainsbury's 3rd Quarter Trading Statement
Replies: 66
Views: 1370

Re: Sainsbury's 3rd Quarter Trading Statement

When it comes to SBRY, rightly or wrongly, I would avoid (as with all supermarkets). I note a substantial fall in share price over the past 15 years and I do not believe that its dividend record in any way compensates for this. Capital does matter - you never know when you might be a forced seller....
by blobby
January 12th, 2017, 8:23 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Sainsbury's 3rd Quarter Trading Statement
Replies: 66
Views: 1370

Re: Sainsbury's 3rd Quarter Trading Statement

Actually, HSBC updated (raised) their pre-tax forecast for 2017 to £570m (£548m in 2016) on the back of today's statement. I meant to add in my original that forecasts are likely to rise, so let's wait and see. But that is rather different from my having any clue as to why, or what any rise should ...
by blobby
January 12th, 2017, 4:01 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Sainsbury's 3rd Quarter Trading Statement
Replies: 66
Views: 1370

Re: Sainsbury's 3rd Quarter Trading Statement

Arborbridge wrote: I wish I had the confidence to make my own forecasts.


Arb,

Sorry to hear that.

Blobby
by blobby
January 12th, 2017, 3:00 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Sainsbury's 3rd Quarter Trading Statement
Replies: 66
Views: 1370

Re: Sainsbury's 3rd Quarter Trading Statement

It is worth reminding ourselves what the J Sainsbury dividend policy is. They said in the last annual report: We are also committed to ensuring we pay an affordable dividend and are fixing our dividend policy to two times cover over the next three years. So with the last year at 12.1p, it means that...
by blobby
January 11th, 2017, 9:27 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Sainsbury's 3rd Quarter Trading Statement
Replies: 66
Views: 1370

Re: Sainsbury's 3rd Quarter Trading Statement

I'm very pleased with the update. J Sainsbury seem to be weathering the storm OK and even being a little ambitious with Argos and credit cards. I'd say the dividend is safe and long term this is a good business.
by blobby
November 23rd, 2016, 3:22 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Talk Talk
Replies: 8
Views: 406

Re: Talk Talk

Wizard (Terry), thanks for the reply. That is some food for thought.

The interims do also say
headroom on these facilities was £162m

which is quite a comfort as I would have thought that the headroom would not be given if it would exceed the covenant.
by blobby
November 23rd, 2016, 1:31 pm
Forum: High Yield Portfolios (HYP) - Practical
Topic: Talk Talk
Replies: 8
Views: 406

Re: Talk Talk

It's a tough one. Profits up, declared an interim dividend still, but shares in the toilet. As I understand it there is a worry about the debt covenants, but I have not dug deep enough to find out the details. I have chased 'bargains' before and been rewarded with burnt fingers, so I think I will p...
by blobby
November 9th, 2016, 9:42 am
Forum: High Yield Portfolios (HYP) - Practical
Topic: Sainsbury (SBRY) Interim Cut
Replies: 15
Views: 553

Re: Sainsbury (SBRY) Interim Cut

This was no surprise (to me at least) as it had been announced some time ago. See also: we are committed to paying an affordable dividend, fixed at 2.0 times cover for the full year. Consistent with our policy to pay an interim dividend of 30 per cent of the previous full year dividend, our interim ...

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