The Lemon Fool

The latest update for this HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140

Has been posted here: viewtopic.php?f=15&t=43342#p663381

Further details of how updates are to be made to this portfolio can be found on this thread: viewtopic.php?p=218513#p218513

Comments are of course welcome although it would be appreciated if they were confined to this thread, leaving the main thread to simply record all actions taken and the progress of the portfolio.

Enjoy!


Ian

You mention buying Vodafone, but want to wait for the full year accounts to see if there is going to be dividend cut (you thought not). I'm afraid your too late they have already said they are cutting it to 4.5p next year.

FY24 total ordinary dividend expected to be maintained at 9.0c per share and ordinary dividend to be rebased to 4.5c per share from FY25 onwards;

https://www.investegate.co.uk/announcem ... rn/8089340

And, VOD have been flat since the last cut in 5 years ago so no history of increasing income. But that's irrelevant as Ian's buying Phoenix, if I was in the market for a new pick and wasn't a bit heavy in insurance and general financials 10% yield 14 years of increasing dividends looks worth a sniff. Ah I see 5 years of rising yield too.

daveh wrote:You mention buying Vodafone, but want to wait for the full year accounts to see if there is going to be dividend cut (you thought not). I'm afraid your too late they have already said they are cutting it to 4.5p next year.

FY24 total ordinary dividend expected to be maintained at 9.0c per share and ordinary dividend to be rebased to 4.5c per share from FY25 onwards;

https://www.investegate.co.uk/announcem ... rn/8089340

Thanks, i must have missed that. I had already decided to await the full year results, so did not investigate further.

Enjoy!


Ian

kempiejon wrote:And, VOD have been flat since the last cut in 5 years ago so no history of increasing income. But that's irrelevant as Ian's buying Phoenix, if I was in the market for a new pick and wasn't a bit heavy in insurance and general financials 10% yield 14 years of increasing dividends looks worth a sniff. Ah I see 5 years of rising yield too.

This "virtual" portfolio has bought two small lots of Phoenix Group Holdings (PHNX) at yields of 11.12% - October 2023 - and 10.55% - February 2024

It would appear that the yield has decreased in recent months.

Enjoy!


Ian

IanTHughes wrote:

kempiejon wrote:And, VOD have been flat since the last cut in 5 years ago so no history of increasing income. But that's irrelevant as Ian's buying Phoenix, if I was in the market for a new pick and wasn't a bit heavy in insurance and general financials 10% yield 14 years of increasing dividends looks worth a sniff. Ah I see 5 years of rising yield too.

This "virtual" portfolio has bought two small lots of Phoenix Group Holdings (PHNX) at yields of 11.12% - October 2023 - and 10.55% - February 2024

It would appear that the yield has decreased in recent months.

Enjoy!


Ian

I hold PHNX, and have topped up my holdings twice recently.

With regards to the yield from PHNX, dividendata have them at 10.17%.

See; https://www.dividenddata.co.uk/dividend ... ?epic=PHNX

Ian.

idpickering wrote:

IanTHughes wrote:This "virtual" portfolio has bought two small lots of Phoenix Group Holdings (PHNX) at yields of 11.12% - October 2023 - and 10.55% - February 2024

It would appear that the yield has decreased in recent months.

I hold PHNX, and have topped up my holdings twice recently.

With regards to the yield from PHNX, dividendata have them at 10.17%.

See; https://www.dividenddata.co.uk/dividend ... ?epic=PHNX

If you calculate the yield using an up-to-date market price, you will find it is currently around 10.35%

Enjoy!


Ian

One small quibble about your wording on your last action update
https://www.lemonfool.co.uk/viewtopic.php?f=15&t=43342#p667934
when you say:

IanTHughes wrote:I am not one to place a limit on the yield being purchased. HYP is an income strategy so forget any idea of limiting the yield to twice the number you first thought of after stepping off the scales this morning. I am looking for the “Highest Sustainable Yield”.

I think the more accurate version is, "Highest yield available at the time based on a dividend that looks sustainable."

torata

torata wrote:I think the more accurate version is, "Highest yield available at the time based on a dividend that looks sustainable."

What do you mean by "looks sustainable", out of interest?

moorfield wrote:

torata wrote:I think the more accurate version is, "Highest yield available at the time based on a dividend that looks sustainable."

What do you mean by "looks sustainable", out of interest?

"a person judges to be sustainable"
Thank you for your interest in my opinion, but my intention in what I wrote is clearly not to define 'sustainability', but to give a more accurate rendering to what IanTHughes wrote.

torata