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Yield > 4.5%, Cover > 2x
Posted: November 27th, 2016, 3:06 pm
by YeeWo
Just put the above request into my Brokerage AC. 11 Stocks meet the criteria from the FTSE 250: -
Code: Select all
Name | Div. Cover | Div Yield | Price | 30 Day Chg | P/E | Div Yield | Market Cap (m)
CMC Markets | 2.02 | 4.66% | 191.50p | -0.26% | 10.6 | 4.66% | £551.37
Go-Ahead Group | 2.3 | 4.75% | 2,019.00p | -2.13% | 9.2 | 4.75% | £868.30
Bovis Homes Group | 2.38 | 4.85% | 825.00p | 8.48% | 8.6 | 4.85% | £1,109.68
SIG | 2.43 | 4.96% | 92.70p | -15.80% | 8.3 | 4.96% | £548.21
DFS Furniture | 4.58 | 5.15% | 213.70p | -15.57% | 4.2 | 5.15% | £448.44
Essentra | 2.3 | 5.25% | 394.50p | -20.61% | 8.3 | 5.25% | £1,036.89
Stagecoach Group | 2.43 | 5.59% | 204.00p | 2.56% | 7.4 | 5.59% | £1,170.21
Mitie Group | 2.07 | 5.81% | 208.40p | 0.19% | 8.3 | 5.81% | £748.25
Debenhams | 2.28 | 6.03% | 56.70p | 5.59% | 7.3 | 6.03% | £696.18
Man Group | 2.09 | 6.62% | 123.80p | -1.75% | 7.2 | 6.62% | £2,078.44
Amec Foster Wheeler | 2.35 | 7.08% | 409.70p | -30.03% | 6 | 7.08% | £1,597.72
Countrywide | 2.14 | 8.43% | 178.00p | -3.94% | 5.5 | 8.43% | £385.05
Opinions on the above would be really interesting and welcome!!
Re: Yield > 4.5%, Cover > 2x
Posted: November 27th, 2016, 5:25 pm
by jackdaww
essentra has delivered 2 profit warnings since june, roughly halving the SP and doubling the yield - whether the dividend cover is still over twice is debateable.
similarly amec SP has almost halved from a year ago .
and much the same for mitie .
possible recovery buys?
from the rest i would only buy debenhams at a pinch .
Re: Yield > 4.5%, Cover > 2x
Posted: November 28th, 2016, 11:38 am
by TIPIT
Beware of value traps. Just looking at yield is not enough of itself.
I find Stockopedia quite useful. It allows various views of stock applying various filters.
Re: Yield > 4.5%, Cover > 2x
Posted: November 28th, 2016, 4:05 pm
by StepOne
Is it possible to do the same filter, using forecast yield and cover?
Re: Yield > 4.5%, Cover > 2x
Posted: November 28th, 2016, 5:51 pm
by YeeWo
StepOne wrote:Is it possible to do the same filter, using forecast yield and cover?
Div. Yield and Div. Cover are this, aren't they?
Re: Yield > 4.5%, Cover > 2x
Posted: November 29th, 2016, 9:53 am
by StepOne
StepOne wrote:
Is it possible to do the same filter, using forecast yield and cover?
Div. Yield and Div. Cover are this, aren't they?
Yes, but I mean to use the broker forecasts, rather than the historic 'actuals'. Do you have forecasts available?
StepOne
Re: Yield > 4.5%, Cover > 2x
Posted: November 29th, 2016, 11:46 am
by YeeWo
StepOne wrote:Yes, but I mean to use the broker forecasts, rather than the historic 'actuals'. Do you have forecasts available?
Broker Forecasts, IMHO, are never anything more than Marketing Pieces for The Broker. I would go down the route of self-analysis of the business you're thinking of investing in. If a Broker has information that you don't of an impending dividend-cut that would be, literally, criminal.
Historic "actuals" with a long-term progressive profile, a decent level of cover and a verbal commitment from management to maintain/enhance the level of payout is about the best we as private investors could wish for.
Brokers add very limited value indeed to the endeavours of the investor. Indeed if you're buying/selling too regularly, over-time a brokerage will be merrily eating a substantial amount of your lunch........
Re: Yield > 4.5%, Cover > 2x
Posted: November 29th, 2016, 1:21 pm
by simoan
YeeWo wrote:Broker Forecasts, IMHO, are never anything more than Marketing Pieces for The Broker.
IMHO this isn't strictly true, especially for small and mid caps where there are not many covering brokers and you should always pay attention to the company's house broker(s) earnings estimates since these are often closely related to the companies own internal estimates.
All the best, Si
Re: Yield > 4.5%, Cover > 2x
Posted: November 30th, 2016, 12:07 pm
by StepOne
YeeWo wrote:StepOne wrote:Yes, but I mean to use the broker forecasts, rather than the historic 'actuals'. Do you have forecasts available?
Broker Forecasts, IMHO, are never anything more than Marketing Pieces for The Broker. I would go down the route of self-analysis of the business you're thinking of investing in. If a Broker has information that you don't of an impending dividend-cut that would be, literally, criminal.
Historic "actuals" with a long-term progressive profile, a decent level of cover and a verbal commitment from management to maintain/enhance the level of payout is about the best we as private investors could wish for.
Brokers add very limited value indeed to the endeavours of the investor. Indeed if you're buying/selling too regularly, over-time a brokerage will be merrily eating a substantial amount of your lunch........
I don't agree in this instance. For example, if a company has announced a dividend cut for next year, then it will be reflected in the forecasts pretty quickly. But if you are screening on historic dividend then you are going to miss this. I guess that you will catch it in your further research, but using forecasts screens these companies out straight away and reduces the number that you have to do more work on.
For most companies, the forecast brokers just take the current dividend and add a couple of percent, so they will not be markedly different from the historic figures, so there is no downside to using them.
StepOne
Re: Yield > 4.5%, Cover > 2x
Posted: December 1st, 2016, 11:15 am
by tjh290633
The contracting business has always been feast or famine. Usually out of synchronisation with the economy, because major projects take time to complete, so they tend to lag the economy in general.
TJH
Re: Yield > 4.5%, Cover > 2x
Posted: December 13th, 2016, 9:53 pm
by SteadyAim
StepOne wrote:I don't agree in this instance. For example, if a company has announced a dividend cut for next year, then it will be reflected in the forecasts pretty quickly. But if you are screening on historic dividend then you are going to miss this. I guess that you will catch it in your further research, but using forecasts screens these companies out straight away and reduces the number that you have to do more work on.
For most companies, the forecast brokers just take the current dividend and add a couple of percent, so they will not be markedly different from the historic figures, so there is no downside to using them.
StepOne
I agree with StepOne, forecast yields are generally the same as the historic ones, or obviously better if a divi cut has been announced. I would use forecasts.