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PYAD HYP 2019_04 REINVEST – Year Two

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IanTHughes
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PYAD HYP 2019_04 REINVEST – Year Two

#299931

Postby IanTHughes » April 11th, 2020, 5:23 pm

PYAD HYP 2019_04 REINVEST – Year Two

For the activity during Year One of this portfolio please see this thread: viewtopic.php?p=225860#p225860

Update - 13 April 2020

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140

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

The portfolio currently looks like this:

EPIC |    Company               | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) | P/L (£)      | Ex-Div (£) | Div Rec'd (£) | To-Date(£) | Overall (£) | Yield (%) * | Year Div (£)
CCL | Carnival Corporation | 384 | 14,979.79 | 965.6000 | 3,707.90 | 1.67% | -11,271.89 | 0.00 | 610.18 | 610.18 | -10,661.71 | 12.70% | 471.03
IMB | Imperial Brands | 719 | 18,148.31 | 1,665.0000 | 11,971.35 | 5.40% | -6,176.96 | 0.00 | 1,438.00 | 1,438.00 | -4,738.96 | 12.41% | 1,485.16
RDSB | Royal Dutch Shell | 309 | 7,481.66 | 1,472.0000 | 4,548.48 | 2.05% | -2,933.18 | 0.00 | 454.55 | 454.55 | -2,478.63 | 10.44% | 475.07
BP | BP | 1,347 | 7,496.10 | 335.7500 | 4,522.55 | 2.04% | -2,973.55 | 0.00 | 436.33 | 436.33 | -2,537.22 | 10.23% | 462.64
SLA | Standard Life Aberdeen | 6,389 | 17,397.08 | 230.2000 | 14,707.48 | 6.64% | -2,689.60 | 913.62 | 1,188.63 | 2,102.25 | -587.35 | 9.38% | 1,380.02
BHP | BHP Group | 838 | 14,992.51 | 1,314.0000 | 11,011.32 | 4.97% | -3,981.19 | 0.00 | 944.08 | 944.08 | -3,037.11 | 8.90% | 979.99
BATS | British American Tobacco | 211 | 6,015.65 | 3,020.5000 | 6,373.26 | 2.88% | 357.61 | 110.98 | 107.08 | 218.06 | 575.67 | 6.97% | 443.94
LAND | Land Securities Group | 818 | 7,499.19 | 677.0000 | 5,537.86 | 2.50% | -1,961.33 | 0.00 | 285.05 | 285.05 | -1,676.28 | 6.86% | 379.96
VOD | Vodafone Group | 10,077 | 14,998.48 | 113.0200 | 11,389.03 | 5.14% | -3,609.45 | 0.00 | 758.07 | 758.07 | -2,851.38 | 6.76% | 769.75
IGG | IG Group Holdings | 2,762 | 14,999.32 | 734.0000 | 20,273.08 | 9.15% | 5,273.76 | 0.00 | 1,193.17 | 1,193.17 | 6,466.93 | 5.89% | 1,193.18
BLND | British Land Company | 1,273 | 7,494.24 | 410.2000 | 5,221.85 | 2.36% | -2,272.39 | 0.00 | 301.87 | 301.87 | -1,970.52 | 5.84% | 304.85
GSK | GlaxoSmithKline | 941 | 14,999.37 | 1,544.2000 | 14,530.92 | 6.56% | -468.45 | 0.00 | 969.23 | 969.23 | 500.78 | 5.18% | 752.80
WPP | WPP | 1,780 | 14,997.55 | 573.0000 | 10,199.40 | 4.60% | -4,798.15 | 0.00 | 1,068.00 | 1,068.00 | -3,730.15 | 3.96% | 404.06
PNN | Pennon Group | 1,975 | 16,014.00 | 1,088.5000 | 21,497.88 | 9.70% | 5,483.88 | 0.00 | 269.78 | 269.78 | 5,753.66 | 3.85% | 827.13
AV | Aviva | 4,820 | 19,699.29 | 264.6000 | 12,753.72 | 5.76% | -6,945.57 | 0.00 | 1,153.67 | 1,153.67 | -5,791.90 | 3.59% | 457.90
SMDS | DS Smith | 4,310 | 14,997.11 | 308.3000 | 13,287.73 | 6.00% | -1,709.38 | 0.00 | 698.22 | 698.22 | -1,011.16 | 3.57% | 474.10
ITV | ITV | 11,652 | 14,999.08 | 76.3800 | 8,899.80 | 4.02% | -6,099.28 | 0.00 | 932.15 | 932.15 | -5,167.13 | 3.40% | 302.95
BA | BAE Systems | 3,043 | 14,995.20 | 538.4000 | 16,383.51 | 7.39% | 1,388.31 | 0.00 | 687.71 | 687.71 | 2,076.02 | 1.75% | 286.04
IBST | Ibstock | 5,849 | 14,999.47 | 191.0000 | 11,171.59 | 5.04% | -3,827.88 | 0.00 | 859.79 | 859.79 | -2,968.09 | 1.68% | 187.16
HSBA | HSBC Holdings | 2,425 | 14,998.27 | 428.8500 | 10,399.61 | 4.69% | -4,598.66 | 0.00 | 573.99 | 573.99 | -4,024.67 | 0.00% | 0.00
| | | | | | | | | | | | |
| Sub Total: | | | | £218,388.32 | 98.57% | -£53,813.35 | £1,024.60 | | | | 5.51% | £12,037.73
| Cash Balance: | | | | £2,151.74 | 0.97% | | | | | | |
| Ex-Dividend: | | | | £1,024.60 | 0.46% | | | | | | |
| | | | | | | | | | | | |
| Total: | | | | £221,564.66 | | | | | | | |
| From: | | | | | | | | | | | |
| Cash In: | | | | £254,904.77 | | | | | | | |
| LESS Cash Out: | | | | £0.00 | | | | | | | |
| Dividends Received: | | | | £15,260.35 | | | | | | | |
| Ex-Dividend: | | | | £1,024.60 | | | | | | | |
| Realised P/L: | | | GNK | £4,188.29 | | | | | | | |
| Un-Realised P/L: | | | | -£53,813.35 | | 0.00 | | | | | |
| | | | | | XIRR | | | | | | |
| Total: | | | | £221,564.66 | -12.72% | | | | | | |


With the breakdown by Business as follows:

Business     | Cost (£)   | Value (£)  | Value (%) | P/L (£)     | Ex-Div (£) | Div Rec'd (£) | Total Inc (£) | Overall (£) | Yield (%) * | Year Inc (£)
Water | 16,014.00 | 21,497.88 | 9.70% | 5,483.88 | 0.00 | 269.78 | 269.78 | 5,753.66 | 3.85% | 827.13
Gambling | 14,999.32 | 20,273.08 | 9.15% | 5,273.76 | 0.00 | 1,193.17 | 1,193.17 | 6,466.93 | 5.89% | 1,193.18
Tobacco | 24,163.96 | 18,344.61 | 8.28% | -5,819.35 | 110.98 | 1,545.08 | 1,656.06 | -4,163.29 | 10.52% | 1,929.10
Weapons | 14,995.20 | 16,383.51 | 7.39% | 1,388.31 | 0.00 | 687.71 | 687.71 | 2,076.02 | 1.75% | 286.04
Pharma | 14,999.37 | 14,530.92 | 6.56% | -468.45 | 0.00 | 969.23 | 969.23 | 500.78 | 5.18% | 752.80
Fund Manager | 17,397.08 | 14,707.48 | 6.64% | -2,689.60 | 913.62 | 1,188.63 | 2,102.25 | -587.35 | 9.38% | 1,380.02
Packaging | 14,997.11 | 13,287.73 | 6.00% | -1,709.38 | 0.00 | 698.22 | 698.22 | -1,011.16 | 3.57% | 474.10
Insurance | 19,699.29 | 12,753.72 | 5.76% | -6,945.57 | 0.00 | 1,153.67 | 1,153.67 | -5,791.90 | 3.59% | 457.90
Telecom | 14,998.48 | 11,389.03 | 5.14% | -3,609.45 | 0.00 | 758.07 | 758.07 | -2,851.38 | 6.76% | 769.75
Mining | 14,992.51 | 11,011.32 | 4.97% | -3,981.19 | 0.00 | 944.08 | 944.08 | -3,037.11 | 8.90% | 979.99
Bricks | 14,999.47 | 11,171.59 | 5.04% | -3,827.88 | 0.00 | 859.79 | 859.79 | -2,968.09 | 1.68% | 187.16
Banks | 14,998.27 | 10,399.61 | 4.69% | -4,598.66 | 0.00 | 573.99 | 573.99 | -4,024.67 | 0.00% | 0.00
Property | 14,993.43 | 10,759.71 | 4.86% | -4,233.72 | 0.00 | 586.92 | 586.92 | -3,646.80 | 6.36% | 684.81
Advertising | 14,997.55 | 10,199.40 | 4.60% | -4,798.15 | 0.00 | 1,068.00 | 1,068.00 | -3,730.15 | 3.96% | 404.06
Oil | 14,977.76 | 9,071.03 | 4.09% | -5,906.73 | 0.00 | 890.88 | 890.88 | -5,015.85 | 10.34% | 937.71
Television | 14,999.08 | 8,899.80 | 4.02% | -6,099.28 | 0.00 | 932.15 | 932.15 | -5,167.13 | 3.40% | 302.95
Cruise Ships | 14,979.79 | 3,707.90 | 1.67% | -11,271.89 | 0.00 | 610.18 | 610.18 | -10,661.71 | 12.70% | 471.03

(*) - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has indicated otherwise.

Re-Investment planned for 14 April 2020

As at the close of business on Friday 09 April 2020, the amount available for re-investment is £2,151.74 and this amount will be re-invested in one Business Sector holding on Tuesday 14 April 2020.

From the point of view of the “Highest Yield” the following candidates were considered:

 [pre]Business     | EPIC | Company                | Yield (%) * | Decision | Comments                                             
Cruise Ships | CCL | Carnival Corporation | 12.70% | Rejected | Earnings considered at risk
Tobacco | IMB | Imperial Brands | 12.41% | Rejected | Resultant Sector Value Concentration (9.16%) too high
Oil | RDSB | Royal Dutch Shell | 10.44% | Selected | Resultant Sector Value Concentration (5.01%)
Oil | BP | BP | 10.23% | Selected | Resultant Sector Value Concentration (5.01%)
Fund Manager | SLA | Standard Life Aberdeen | 9.38% | Rejected | Resultant Sector Value Concentration (7.53%) too high
Mining | BHP | BHP Group | 8.90% | Selected | Resultant Sector Value Concentration (5.88%)

I did briefly consider an entirely new holding of BT Group PLC (BT-A) which is currently yielding around 12.25%, assuming that the final dividend follows the recently-paid interim as a hold on last year. That final dividend is due to be announced in May and, although this current Covid-19 crisis should not affect a Telecommunications company to the same extent as those entirely dependent on consumer spending, approximately 25% of BT-A’s revenue is from Business Customers. A prolonged shut down of the business economy might very well have an effect, not least because the dividend was already under threat in my opinion.

Anyway, I rejected BT-A and the selection is therefore:

Oil – Royal Dutch Shell (RDSB) – Yield 10.44%

The Value Concentration after purchase (5.01%) will leave the Oil Business Sector holding as the fifteenth highest by that measure, and not so far ahead of a group of other holdings.

As I am intending to purchase a small block of RDSBAV for my own HYP on Tuesday 14 February, the details of the planned top-up will be determined by the price that I receive. I shall post an update when the details of the deal are known.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?p=299934#p299934

The intention is to keep this thread simply recording the history of the Portfolio


Enjoy!


Ian

IanTHughes
Lemon Quarter
Posts: 1789
Joined: May 2nd, 2018, 12:01 pm
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Been thanked: 1117 times

PYAD HYP 2019_04 REINVEST – Year Two

#323792

Postby IanTHughes » July 4th, 2020, 8:57 pm

For the activity during Year One of this portfolio please see this thread: viewtopic.php?p=225860#p225860

Update - 05 July 2020

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140

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

Current Portfolio: Holdings

EPIC | Company                  | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) | P/L (£)      | Ex-Div (£) | Div Rec'd (£) | To-Date(£) | Overall (£) | Yield (%) * | Year Div (£)
AV | Aviva | 4,820 | 19,699.29 | 273.5000 | 13,182.70 | 5.83% | -6,516.59 | 0.00 | 1,153.67 | 1,153.67 | -5,362.92 | 11.30% | 1,489.38
BP | BP | 1,347 | 7,496.10 | 307.5500 | 4,142.70 | 1.83% | -3,353.40 | 0.00 | 548.69 | 548.69 | -2,804.71 | 10.96% | 453.96
IMB | Imperial Brands | 719 | 18,148.31 | 1,486.5000 | 10,687.94 | 4.73% | -7,460.37 | 0.00 | 1,587.91 | 1,587.91 | -5,872.46 | 9.26% | 990.06
SLA | Standard Life Aberdeen | 6,389 | 17,397.08 | 269.0000 | 17,186.41 | 7.60% | -210.67 | 0.00 | 2,102.25 | 2,102.25 | 1,891.58 | 8.03% | 1,380.02
BHP | BHP Group | 838 | 14,992.51 | 1,636.4000 | 13,713.03 | 6.07% | -1,279.48 | 0.00 | 944.08 | 944.08 | -335.40 | 7.01% | 961.59
BATS | British American Tobacco | 211 | 6,015.65 | 3,060.5000 | 6,457.66 | 2.86% | 442.01 | 0.00 | 218.06 | 218.06 | 660.07 | 6.87% | 443.94
VOD | Vodafone Group | 10,077 | 14,998.48 | 129.6400 | 13,063.82 | 5.78% | -1,934.66 | 408.93 | 758.07 | 1,167.00 | -767.66 | 6.26% | 817.86
BLND | British Land Company | 1,273 | 7,494.24 | 389.0000 | 4,951.97 | 2.19% | -2,542.27 | 0.00 | 301.87 | 301.87 | -2,240.40 | 6.16% | 304.85
IBST | Ibstock | 5,849 | 14,999.47 | 173.5000 | 10,148.02 | 4.49% | -4,851.45 | 0.00 | 859.79 | 859.79 | -3,991.66 | 5.59% | 567.35
IGG | IG Group Holdings | 2,762 | 14,999.32 | 844.0000 | 23,311.28 | 10.31% | 8,311.96 | 0.00 | 1,193.17 | 1,193.17 | 9,505.13 | 5.12% | 1,193.18
GSK | GlaxoSmithKline | 941 | 14,999.37 | 1,625.8000 | 15,298.78 | 6.77% | 299.41 | 178.79 | 969.23 | 1,148.02 | 1,447.43 | 4.92% | 752.80
BA | BAE Systems | 3,043 | 14,995.20 | 482.2000 | 14,673.35 | 6.49% | -321.85 | 0.00 | 687.71 | 687.71 | 365.86 | 4.81% | 705.97
HSBA | HSBC Holdings | 2,425 | 14,998.27 | 383.5000 | 9,299.88 | 4.11% | -5,698.39 | 0.00 | 573.99 | 573.99 | -5,124.40 | 4.39% | 408.64
RDSB | Royal Dutch Shell | 457 | 9,626.22 | 1,234.4000 | 5,641.21 | 2.50% | -3,985.01 | 0.00 | 516.55 | 516.55 | -3,468.46 | 4.16% | 234.69
LAND | Land Securities Group | 818 | 7,499.19 | 578.0000 | 4,728.04 | 2.09% | -2,771.15 | 0.00 | 285.05 | 285.05 | -2,486.10 | 4.01% | 189.77
CCL | Carnival Corporation | 384 | 14,979.79 | 1,002.0000 | 3,847.68 | 1.70% | -11,132.11 | 0.00 | 610.18 | 610.18 | -10,521.93 | 4.00% | 154.06
PNN | Pennon Group | 1,975 | 16,014.00 | 1,102.0000 | 21,764.50 | 9.63% | 5,750.50 | 0.00 | 269.78 | 269.78 | 6,020.28 | 3.97% | 864.45
WPP | WPP | 1,780 | 14,997.55 | 623.2000 | 11,092.96 | 4.91% | -3,904.59 | 0.00 | 1,068.00 | 1,068.00 | -2,836.59 | 3.64% | 404.06
ITV | ITV | 11,652 | 14,999.08 | 71.9200 | 8,380.12 | 3.71% | -6,618.96 | 0.00 | 932.15 | 932.15 | -5,686.81 | 3.62% | 302.95
SMDS | DS Smith | 4,310 | 14,997.11 | 291.4000 | 12,559.34 | 5.56% | -2,437.77 | 0.00 | 698.22 | 698.22 | -1,739.55 | 1.85% | 232.74
| | | | | | | | | | | | |
| Sub Total: | | | | £224,131.39 | 99.14% | -£50,214.84 | £587.72 | | | | 5.73% | £12,852.32
| Cash Balance: | | | | £1,351.99 | 0.60% | | | | | | |
| Ex-Dividend: | | | | £587.72 | 0.26% | | | | | | |
| | | | | | | | | | | | |
| Current Portfolio Value: | | | | £226,071.10 | | | | | | | |
| From: | | | | | | | | | | | |
| Cash In: | | | | £254,904.77 | | | | | | | |
| LESS Cash Out: | | | | £0.00 | | | | | | | |
| Dividends Received: | | | | £16,605.16 | | | | | | | |
| Ex-Dividend: | | | | £587.72 | | | | | | | |
| Realised P/L: | | | GNK | £4,188.29 | | | | | | | |
| Un-Realised P/L: | | | | -£50,214.84 | | | | | | | |
| | | | | | XIRR | | | | | | |
| Total: | | | | £226,071.10 | -9.07% | | | | | | |


Current Portfolio: Business Sectors

Business     | Cost (£)   | Value (£)  | Value (%) | P/L (£)     | Ex-Div (£) | Div Rec'd (£) | Total Inc (£) | Overall (£) | Yield (%) * | Year Inc (£)
Gambling | 14,999.32 | 23,311.28 | 10.31% | 8,311.96 | 0.00 | 1,193.17 | 1,193.17 | 9,505.13 | 5.12% | 1,193.18
Water | 16,014.00 | 21,764.50 | 9.63% | 5,750.50 | 0.00 | 269.78 | 269.78 | 6,020.28 | 3.97% | 864.45
Tobacco | 24,163.96 | 17,145.60 | 7.58% | -7,018.36 | 0.00 | 1,805.97 | 1,805.97 | -5,212.39 | 8.36% | 1,434.00
Fund Manager | 17,397.08 | 17,186.41 | 7.60% | -210.67 | 0.00 | 2,102.25 | 2,102.25 | 1,891.58 | 8.03% | 1,380.02
Pharma | 14,999.37 | 15,298.78 | 6.77% | 299.41 | 178.79 | 969.23 | 1,148.02 | 1,447.43 | 4.92% | 752.80
Weapons | 14,995.20 | 14,673.35 | 6.49% | -321.85 | 0.00 | 687.71 | 687.71 | 365.86 | 4.81% | 705.97
Mining | 14,992.51 | 13,713.03 | 6.07% | -1,279.48 | 0.00 | 944.08 | 944.08 | -335.40 | 7.01% | 961.59
Insurance | 19,699.29 | 13,182.70 | 5.83% | -6,516.59 | 0.00 | 1,153.67 | 1,153.67 | -5,362.92 | 11.30% | 1,489.38
Telecom | 14,998.48 | 13,063.82 | 5.78% | -1,934.66 | 408.93 | 758.07 | 1,167.00 | -767.66 | 6.26% | 817.86
Packaging | 14,997.11 | 12,559.34 | 5.56% | -2,437.77 | 0.00 | 698.22 | 698.22 | -1,739.55 | 1.85% | 232.74
Advertising | 14,997.55 | 11,092.96 | 4.91% | -3,904.59 | 0.00 | 1,068.00 | 1,068.00 | -2,836.59 | 3.64% | 404.06
Bricks | 14,999.47 | 10,148.02 | 4.49% | -4,851.45 | 0.00 | 859.79 | 859.79 | -3,991.66 | 5.59% | 567.35
Oil | 17,122.32 | 9,783.91 | 4.33% | -7,338.41 | 0.00 | 1,065.24 | 1,065.24 | -6,273.17 | 7.04% | 688.65
Property | 14,993.43 | 9,680.01 | 4.28% | -5,313.42 | 0.00 | 586.92 | 586.92 | -4,726.50 | 5.11% | 494.62
Banks | 14,998.27 | 9,299.88 | 4.11% | -5,698.39 | 0.00 | 573.99 | 573.99 | -5,124.40 | 4.39% | 408.64
Television | 14,999.08 | 8,380.12 | 3.71% | -6,618.96 | 0.00 | 932.15 | 932.15 | -5,686.81 | 3.62% | 302.95
Cruise Ships | 14,979.79 | 3,847.68 | 1.70% | -11,132.11 | 0.00 | 610.18 | 610.18 | -10,521.93 | 4.00% | 154.06

(*) - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has indicated otherwise.

Dividend Re-Investment: Future Schedule

Assuming that the dividends now expected are actually received, the re-investment schedule now looks as follows:

To Date   | Div Rec'd | Date      | Balance   | Re-Invest?
09-Jul-20 | 320.21 | 10-Jul-20 | 1,530.78 | N
07-Aug-20 | 178.79 | 10-Aug-20 | 1,939.71 | N
09-Sep-20 | 1,114.58 | 10-Sep-20 | 2,645.36 | Y
09-Oct-20 | 2,136.81 | 12-Oct-20 | 2,136.81 | Y
09-Nov-20 | 1,340.89 | 10-Nov-20 | 1,340.89 | N
09-Dec-20 | 699.97 | 10-Dec-20 | 2,040.86 | Y
08-Jan-21 | 612.16 | 11-Jan-21 | 612.16 | N
09-Feb-21 | 800.31 | 10-Feb-21 | 1,412.47 | N
09-Mar-21 | 357.95 | 10-Mar-21 | 1,770.42 | N
09-Apr-21 | 1,594.63 | 12-Apr-21 | 3,459.93 | Y
07-May-21 | 837.87 | 10-May-21 | 742.99 | N
09-Jun-21 | 2,856.19 | 10-Jun-21 | 3,599.18 | Y


Dividend Re-Investment: 10 Sep 20

What with the current dividend suspensions and cancellations, it is rather difficult to know what dividends will be received. However, with a current cash balance of £1,351.99, together with the following dividends being expected:

EPIC | Date      | Amount    
GSK | 09-Jul-20 | 178.79
VOD | 07-Aug-20 | 408.93
BATS | 19-Aug-20 | 110.98
PNN | 03-Sep-20 | 594.67
| |
| Total | £1,293.37


I feel confident that the balance will be over £2,000.00 by the 10 September, thus triggering a purchase.

Dividend Re-Investment: 10 Oct 20

Between 10 September and 10 October, the following dividends may, or may not, be received:

EPIC | Date      | Amount    
IBST | 21-Sep-20 | 187.16
RDSB | 23-Sep-20 | 58.67
SLA | 24-Sep-20 | 466.39
BP | 25-Sep-20 | 113.49
BHP | 25-Sep-20 | 524.50
AV | 26-Sep-20 | 457.90
IMB | 30-Sep-20 | 149.91
GSK | 08-Oct-20 | 178.79
| |
| Total | £2,136.81


I doubt very much that all of the above will be received but then again .........

.... forecasting is for the birds!


Should anyone wish to comment on this report, or any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?p=323790#p323790, the intention is to keep this thread simply recording the history of the Portfolio


Enjoy!


Ian

IanTHughes
Lemon Quarter
Posts: 1789
Joined: May 2nd, 2018, 12:01 pm
Has thanked: 730 times
Been thanked: 1117 times

PYAD HYP 2019_04 REINVEST – Year Two - September Top-Up

#338353

Postby IanTHughes » September 5th, 2020, 1:41 pm

For the activity during Year One of this portfolio please see this thread: viewtopic.php?p=225860#p225860

Update - 05 September 2020

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140

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

Current Portfolio: Holdings

EPIC | Company                  | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) | P/L (£)     | Ex-Div (£) | Div Rec'd (£) | To-Date(£) | Overall (£) | Yield (%) * | Year Div (£)
IMB | Imperial Brands | 719 | 18,148.31 | 1,304.0000 | 9,375.76 | 4.49% | -8,772.55 | 149.91 | 1,587.91 | 1,737.82 | -7,034.73 | 10.56% | 990.06
AV | Aviva | 4,820 | 19,699.29 | 273.6000 | 13,187.52 | 6.31% | -6,511.77 | 289.20 | 1,153.67 | 1,442.87 | -5,068.90 | 10.01% | 1,320.68
SLA | Standard Life Aberdeen | 6,389 | 17,397.08 | 224.9000 | 14,368.86 | 6.87% | -3,028.22 | 466.39 | 2,102.25 | 2,568.64 | -459.58 | 9.60% | 1,380.02
BATS | British American Tobacco | 211 | 6,015.65 | 2,554.5000 | 5,390.00 | 2.58% | -625.65 | 0.00 | 329.04 | 329.04 | -296.61 | 8.24% | 443.94
VOD | Vodafone Group | 10,077 | 14,998.48 | 105.2600 | 10,607.05 | 5.07% | -4,391.43 | 0.00 | 1,169.18 | 1,169.18 | -3,222.25 | 7.63% | 808.96
BLND | British Land Company | 1,273 | 7,494.24 | 352.8000 | 4,491.14 | 2.15% | -3,003.10 | 0.00 | 301.87 | 301.87 | -2,701.23 | 6.79% | 304.85
BP | BP | 1,347 | 7,496.10 | 257.5000 | 3,468.53 | 1.66% | -4,027.57 | 53.01 | 548.69 | 601.70 | -3,425.87 | 6.11% | 212.04
IGG | IG Group Holdings | 2,762 | 14,999.32 | 769.5000 | 21,253.59 | 10.17% | 6,254.27 | 0.00 | 1,193.17 | 1,193.17 | 7,447.44 | 5.61% | 1,193.18
GSK | GlaxoSmithKline | 941 | 14,999.37 | 1,435.2000 | 13,505.23 | 6.46% | -1,494.14 | 178.79 | 1,148.02 | 1,326.81 | -167.33 | 5.57% | 752.80
BHP | BHP Group | 838 | 14,992.51 | 1,655.4000 | 13,872.25 | 6.64% | -1,120.26 | 345.52 | 944.08 | 1,289.60 | 169.34 | 5.43% | 753.87
HSBA | HSBC Holdings | 2,425 | 14,998.27 | 319.7500 | 7,753.94 | 3.71% | -7,244.33 | 0.00 | 573.99 | 573.99 | -6,670.34 | 4.92% | 381.77
RDSB | Royal Dutch Shell | 457 | 9,626.22 | 1,035.6000 | 4,732.69 | 2.26% | -4,893.53 | 54.81 | 508.89 | 563.70 | -4,329.83 | 4.63% | 219.26
BA | BAE Systems | 3,043 | 14,995.20 | 503.8000 | 15,330.63 | 7.33% | 335.43 | 419.93 | 687.71 | 1,107.64 | 1,443.07 | 4.61% | 705.97
IBST | Ibstock | 5,849 | 14,999.47 | 145.1000 | 8,486.90 | 4.06% | -6,512.57 | 0.00 | 859.79 | 859.79 | -5,652.78 | 4.48% | 380.18
PNN | Pennon Group | 1,975 | 16,014.00 | 1,003.5000 | 19,819.13 | 9.48% | 3,805.13 | 0.00 | 864.45 | 864.45 | 4,669.58 | 4.36% | 864.45
LAND | Land Securities Group | 818 | 7,499.19 | 544.1000 | 4,450.74 | 2.13% | -3,048.45 | 0.00 | 285.05 | 285.05 | -2,763.40 | 4.26% | 189.77
CCL | Carnival Corporation | 384 | 14,979.79 | 1,131.5000 | 4,344.96 | 2.08% | -10,634.83 | 0.00 | 610.18 | 610.18 | -10,024.65 | 3.31% | 143.93
SMDS | DS Smith | 4,310 | 14,997.11 | 266.2000 | 11,473.22 | 5.49% | -3,523.89 | 0.00 | 698.22 | 698.22 | -2,825.67 | 2.03% | 232.74
WPP | WPP | 1,780 | 14,997.55 | 628.6000 | 11,189.08 | 5.35% | -3,808.47 | 0.00 | 1,068.00 | 1,068.00 | -2,740.47 | 1.59% | 178.00
ITV | ITV | 11,652 | 14,999.08 | 63.0000 | 7,340.76 | 3.51% | -7,658.32 | 0.00 | 932.15 | 932.15 | -6,726.17 | 0.00% | 0.00
| | | | | | | | | | | | |
| Sub Total: | | | | £204,441.98 | 97.80% | -69,904.25 | 1,957.56 | | | | 5.60% | 11,456.47
| Cash Balance: | | | | £2,647.54 | 1.27% | | | | | | |
| Ex-Dividend: | | | | £1,957.56 | 0.94% | | | | | | |
| | | | | | | | | | | | |
| Current Portfolio Value: | | | | £209,047.08 | | | | | | | |
| From: | | | | | | | | | | | |
| Cash In: | | | | £254,904.77 | | | | | | | |
| LESS Cash Out: | | | | £0.00 | | | | | | | |
| Dividends Received: | | | | £17,900.71 | | | | | | | |
| Ex-Dividend: | | | | £1,957.56 | | | | | | | |
| Realised P/L: | | | GNK | £4,188.29 | | | | | | | |
| Un-Realised P/L: | | | | -£69,904.25 | | | | | | | |
| | | | | | XIRR | | | | | | |
| Total: | | | | £209,047.08 | -12.90% | | | | | | |

Current Portfolio: Business Sectors

Business     | Cost (£)   | Value (£)  | Value (%) | P/L (£)     | Ex-Div (£) | Div Rec'd (£) | Total Inc (£) | Overall (£) | Yield (%) * | Year Inc (£)
Gambling | 14,999.32 | 21,253.59 | 10.17% | 6,254.27 | 0.00 | 1,193.17 | 1,193.17 | 7,447.44 | 5.61% | 1,193.18
Water | 16,014.00 | 19,819.13 | 9.48% | 3,805.13 | 0.00 | 864.45 | 864.45 | 4,669.58 | 4.36% | 864.45
Weapons | 14,995.20 | 15,330.63 | 7.33% | 335.43 | 419.93 | 687.71 | 1,107.64 | 1,443.07 | 4.60% | 705.97
Fund Manager | 17,397.08 | 14,368.86 | 6.87% | -3,028.22 | 466.39 | 2,102.25 | 2,568.64 | -459.58 | 9.60% | 1,380.02
Mining | 14,992.51 | 13,872.25 | 6.64% | -1,120.26 | 345.52 | 944.08 | 1,289.60 | 169.34 | 5.43% | 753.87
Tobacco | 24,163.96 | 14,765.76 | 7.06% | -9,398.20 | 149.91 | 1,916.95 | 2,066.86 | -7,331.34 | 9.71% | 1,434.00
Pharma | 14,999.37 | 13,505.23 | 6.46% | -1,494.14 | 178.79 | 1,148.02 | 1,326.81 | -167.33 | 5.57% | 752.80
Insurance | 19,699.29 | 13,187.52 | 6.31% | -6,511.77 | 289.20 | 1,153.67 | 1,442.87 | -5,068.90 | 10.01% | 1,320.68
Packaging | 14,997.11 | 11,473.22 | 5.49% | -3,523.89 | 0.00 | 698.22 | 698.22 | -2,825.67 | 2.03% | 232.74
Advertising | 14,997.55 | 11,189.08 | 5.35% | -3,808.47 | 0.00 | 1,068.00 | 1,068.00 | -2,740.47 | 1.59% | 178.00
Telecom | 14,998.48 | 10,607.05 | 5.07% | -4,391.43 | 0.00 | 1,169.18 | 1,169.18 | -3,222.25 | 7.63% | 808.96
Property | 14,993.43 | 8,941.88 | 4.28% | -6,051.55 | 0.00 | 586.92 | 586.92 | -5,464.63 | 5.53% | 494.62
Bricks | 14,999.47 | 8,486.90 | 4.06% | -6,512.57 | 0.00 | 859.79 | 859.79 | -5,652.78 | 4.48% | 380.18
Oil | 17,122.32 | 8,201.22 | 3.92% | -8,921.10 | 107.82 | 1,057.58 | 1,165.40 | -7,755.70 | 5.26% | 431.30
Banks | 14,998.27 | 7,753.94 | 3.71% | -7,244.33 | 0.00 | 573.99 | 573.99 | -6,670.34 | 4.92% | 381.77
Television | 14,999.08 | 7,340.76 | 3.51% | -7,658.32 | 0.00 | 932.15 | 932.15 | -6,726.17 | 0.00% | 0.00
Cruise Ships | 14,979.79 | 4,344.96 | 2.08% | -10,634.83 | 0.00 | 610.18 | 610.18 | -10,024.65 | 3.31% | 143.93

(*)- Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has indicated otherwise.

Top-Up on 10 Sep 2020

As at the close of business on Wednesday 9 September 2020, the amount available for re-investment will be £2,647.54 and this amount will be used to top-up one Business Sector holding on Thursday 10 September 2020.

From the point of view of the “Highest Yield” the following candidates were considered:

Top-Up 
Business | EPIC | Company | Yield (%) * | Decision | Comments

Tobacco | IMB | Imperial Brands | 10.56% | Selected | Resultant Sector Value Concentration (8.22%)
Insurance | AV | Aviva | 10.01% | Rejected | Earnings considered at risk
Fund Manager | SLA | Standard Life Aberdeen | 9.60% | Selected | Resultant Sector Value Concentration (8.03%)
Tobacco | BATS | British American Tobacco | 8.24% | Selected | Resultant Sector Value Concentration (8.22%)


There being no higher yield available from a suitable new holding, the selection is therefore:

Tobacco – Imperial Brands (IMB) – Yield 10.63%

The Value Concentration after purchase (8.22%) will leave the Tobacco Sector holding as the fifth highest by that measure, and not so far ahead of a group of other holdings.

Although IMB has recently cut the dividend by one third, I do believe that this “re-basing” of the shareholder returns has been carefully thought out and should be the last dividend cut. I was impressed by the comments in the Half Year report which can be found here: https://www.investegate.co.uk/imperial- ... 00023186N/
Capital allocation and dividend

· Modified our capital allocation policy to accelerate debt reduction

· Dividend to be rebased by one third; implying an annual dividend for 2020 of 137.7 pence per share

· Progressive dividend policy growing annually from the revised level thereafter, taking into account underlying business performance consistent with the policy outlined in July 2019

· All dividend savings will be used to reduce gearing to the lower end of our 2-2.5x target range by the end of 2022

· The policy recognises the Group's continued strong cash generation and the importance of growing dividends for shareholders, while strengthening the business for the future

Consequently, I do believe that the re-based dividend will be paid.


I am not intending to purchase any IMB for any portfolio under my control, therefore the price to be applied for this virtual purchase will be the mid-price offered on 10 September 2020. I shall post an update when the details of the deal are known.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?p=323790#p323790

The intention is to keep this thread simply recording the history of the Portfolio


Enjoy!


Ian

IanTHughes
Lemon Quarter
Posts: 1789
Joined: May 2nd, 2018, 12:01 pm
Has thanked: 730 times
Been thanked: 1117 times

PYAD HYP 2019_04 REINVEST – Year Two – November 2020

#354209

Postby IanTHughes » November 6th, 2020, 6:29 pm

For the activity during Year One of this portfolio please see this thread: viewtopic.php?p=225860#p225860

Update - 06 November 2020

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140

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

Current Portfolio: Holdings

EPIC |        Company           | Shares  |  Cost (£)  |  Price (p)  |  Value (£)   | Value (%) |    P/L (£)   | Ex-Div (£) | Div Rec'd (£) | To-Date(£) | Overall (£) | Yield (%) * | Year Div (£)
IMB | Imperial Brands | 913 | 20,789.70 | 1,219.0000 | 11,129.47 | 5.30% | -9,660.23 | 0.00 | 1,737.82 | 1,737.82 | -7,922.41 | 11.30% | 1,257.20
AV | Aviva | 4,820 | 19,699.29 | 277.6000 | 13,380.32 | 6.37% | -6,318.97 | 0.00 | 1,442.87 | 1,442.87 | -4,876.10 | 9.87% | 1,320.68
SLA | Standard Life Aberdeen | 6,389 | 17,397.08 | 237.9000 | 15,199.43 | 7.23% | -2,197.65 | 0.00 | 2,568.64 | 2,568.64 | 370.99 | 9.08% | 1,380.02
BATS | British American Tobacco | 211 | 6,015.65 | 2,481.5000 | 5,235.97 | 2.49% | -779.68 | 110.98 | 329.04 | 440.02 | -339.66 | 8.48% | 443.94
BP | BP | 1,347 | 7,496.10 | 199.8600 | 2,692.11 | 1.28% | -4,803.99 | 54.59 | 603.15 | 657.74 | -4,146.25 | 8.11% | 218.36
VOD | Vodafone Group | 10,077 | 14,998.48 | 105.0400 | 10,584.88 | 5.04% | -4,413.60 | 0.00 | 1,169.18 | 1,169.18 | -3,244.42 | 7.70% | 815.28
BHP | BHP Group | 838 | 14,992.51 | 1,585.0000 | 13,282.30 | 6.32% | -1,710.21 | 0.00 | 1,296.94 | 1,296.94 | -413.27 | 5.84% | 776.34
GSK | GlaxoSmithKline | 941 | 14,999.37 | 1,399.0000 | 13,164.59 | 6.27% | -1,834.78 | 0.00 | 1,110.38 | 1,110.38 | -724.40 | 5.72% | 752.80
IGG | IG Group Holdings | 2,762 | 14,999.32 | 765.5000 | 21,143.11 | 10.06% | 6,143.79 | 0.00 | 2,028.39 | 2,028.39 | 8,172.18 | 5.64% | 1,193.18
BA | BAE Systems | 3,043 | 14,995.20 | 430.5000 | 13,100.12 | 6.24% | -1,895.08 | 286.04 | 1,107.64 | 1,393.68 | -501.40 | 5.39% | 705.97
RDSB | Royal Dutch Shell | 457 | 9,626.22 | 970.0000 | 4,432.90 | 2.11% | -5,193.32 | 0.00 | 567.39 | 567.39 | -4,625.93 | 5.30% | 234.97
HSBA | HSBC Holdings | 2,425 | 14,998.27 | 337.8000 | 8,191.65 | 3.90% | -6,806.62 | 0.00 | 573.99 | 573.99 | -6,232.63 | 4.80% | 393.15
LAND | Land Securities Group | 818 | 7,499.19 | 533.5000 | 4,364.03 | 2.08% | -3,135.16 | 0.00 | 285.05 | 285.05 | -2,850.11 | 4.35% | 189.77
PNN | Pennon Group | 1,975 | 16,014.00 | 1,016.5000 | 20,075.88 | 9.56% | 4,061.88 | 0.00 | 864.45 | 864.45 | 4,926.33 | 4.31% | 864.45
IBST | Ibstock | 5,849 | 14,999.47 | 157.8000 | 9,229.72 | 4.39% | -5,769.75 | 0.00 | 859.79 | 859.79 | -4,909.96 | 4.12% | 380.18
BLND | British Land Company | 1,273 | 7,494.24 | 372.4000 | 4,740.65 | 2.26% | -2,753.59 | 0.00 | 301.87 | 301.87 | -2,451.72 | 2.14% | 101.61
SMDS | DS Smith | 4,310 | 14,997.11 | 293.4000 | 12,645.54 | 6.02% | -2,351.57 | 0.00 | 698.22 | 698.22 | -1,653.35 | 1.84% | 232.74
WPP | WPP | 1,780 | 14,997.55 | 645.0000 | 11,481.00 | 5.47% | -3,516.55 | 0.00 | 1,246.00 | 1,246.00 | -2,270.55 | 1.55% | 178.00
CCL | Carnival Corporation | 384 | 14,979.79 | 891.4000 | 3,422.98 | 1.63% | -11,556.81 | 0.00 | 610.18 | 610.18 | -10,946.63 | 0.00% | 0.00
ITV | ITV | 11,652 | 14,999.08 | 78.6400 | 9,163.13 | 4.36% | -5,835.95 | 0.00 | 932.15 | 932.15 | -4,903.80 | 0.00% | 0.00
| | | | | | | | | | | | |
| Sub Total: | | | | £206,659.78 | 98.36% | -£70,327.84 | £451.61 | | | | 5.54% | £11,438.64
| Cash Balance: | | | | £2,986.16 | 1.42% | | | | | | |
| Ex-Dividend: | | | | £451.61 | 0.22% | | | | | | |
| | | | | | | | | | | | |
| Current Portfolio Value: | | | | £210,097.55 | -17.58% | | | | | | |
| From: | | | | | | | | | | | |
| Cash In: | | | | £254,904.77 | | | | | | | |
| LESS Cash Out: | | | | £0.00 | | | | | | | |
| Dividends Received: | | | | £20,880.72 | | | | | | | |
| Ex-Dividend: | | | | £451.61 | | | | | | | |
| Realised P/L: | | | GNK | £4,188.29 | | | | | | | |
| Un-Realised P/L: | | | | -£70,327.84 | | | | | | | |
| | | | | | XIRR | | | | | | |
| Total: | | | | £210,097.55 | -11.33% | | | | | | |

Current Portfolio: Business Sectors

   Business  |  Cost (£)  |  Value (£) | Value (%) |    P/L (£)  | Ex-Div (£) | Div Rec'd (£) | Total Inc (£) | Overall (£) | Yield (%) * | Year Inc (£)
Gambling | 14,999.32 | 21,143.11 | 10.06% | 6,143.79 | 0.00 | 2,028.39 | 2,028.39 | 8,172.18 | 5.64% | 1,193.18
Water | 16,014.00 | 20,075.88 | 9.56% | 4,061.88 | 0.00 | 864.45 | 864.45 | 4,926.33 | 4.31% | 864.45
Tobacco | 26,805.35 | 16,365.44 | 7.79% | -10,439.91 | 110.98 | 2,066.86 | 2,177.84 | -8,262.07 | 10.39% | 1,701.14
Fund Manager | 17,397.08 | 15,199.43 | 7.23% | -2,197.65 | 0.00 | 2,568.64 | 2,568.64 | 370.99 | 9.08% | 1,380.02
Weapons | 14,995.20 | 13,100.12 | 6.24% | -1,895.08 | 286.04 | 1,107.64 | 1,393.68 | -501.40 | 5.39% | 705.97
Insurance | 19,699.29 | 13,380.32 | 6.37% | -6,318.97 | 0.00 | 1,442.87 | 1,442.87 | -4,876.10 | 9.87% | 1,320.68
Mining | 14,992.51 | 13,282.30 | 6.32% | -1,710.21 | 0.00 | 1,296.94 | 1,296.94 | -413.27 | 5.84% | 776.34
Pharma | 14,999.37 | 13,164.59 | 6.27% | -1,834.78 | 0.00 | 1,110.38 | 1,110.38 | -724.40 | 5.72% | 752.80
Packaging | 14,997.11 | 12,645.54 | 6.02% | -2,351.57 | 0.00 | 698.22 | 698.22 | -1,653.35 | 1.84% | 232.74
Advertising | 14,997.55 | 11,481.00 | 5.46% | -3,516.55 | 0.00 | 1,246.00 | 1,246.00 | -2,270.55 | 1.55% | 178.00
Telecom | 14,998.48 | 10,584.88 | 5.04% | -4,413.60 | 0.00 | 1,169.18 | 1,169.18 | -3,244.42 | 7.70% | 815.28
Property | 14,993.43 | 9,104.68 | 4.33% | -5,888.75 | 0.00 | 586.92 | 586.92 | -5,301.83 | 3.20% | 291.38
Bricks | 14,999.47 | 9,229.72 | 4.39% | -5,769.75 | 0.00 | 859.79 | 859.79 | -4,909.96 | 4.12% | 380.18
Television | 14,999.08 | 9,163.13 | 4.36% | -5,835.95 | 0.00 | 932.15 | 932.15 | -4,903.80 | 0.00% | 0.00
Banks | 14,998.27 | 8,191.65 | 3.90% | -6,806.62 | 0.00 | 573.99 | 573.99 | -6,232.63 | 4.80% | 393.15
Oil | 17,122.32 | 7,125.01 | 3.39% | -9,997.31 | 54.59 | 1,170.54 | 1,225.13 | -8,772.18 | 6.36% | 453.33
Cruise Ships | 14,979.79 | 3,422.98 | 1.63% | -11,556.81 | 0.00 | 610.18 | 610.18 | -10,946.63 | 0.00% | 0.00

(*)- Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has indicated otherwise.

Top-Up on 10 Nov 2020

As at the close of business on Monday 9 November 2020, the amount available for re-investment will be £2,986.16 and this amount will be used to top-up one Business Sector holding on Tuesday 10 November 2020.

From the point of view of the “Highest Yield” the following candidates were considered:

Top-Up       |      |                          |             |          |                                                      
Business | EPIC | Company | Yield (%) * | Decision | Comments

Tobacco | IMB | Imperial Brands | 11.30% | Rejected | Resultant Sector Value Concentration (9.07%) too high
Insurance | AV | Aviva | 9.87% | Rejected | Earnings considered at risk
Fund Manager | SLA | Standard Life Aberdeen | 9.08% | Selected | Resultant Sector Value Concentration (8.53%)
Tobacco | BATS | British American Tobacco | 8.48% | Rejected | Resultant Sector Value Concentration (9.07%) too high
Oil | BP | BP | 8.11% | Selected | Resultant Sector Value Concentration (4.74%)


There being no higher yield available from a suitable new holding, the selection is therefore:

Fund Manager – Standard Life Aberdeen (SLA) – Yield 9.08%

The Value Concentration after purchase (8.53%) will leave the Fund Manager Sector holding as the fifth highest by that measure, and not so far ahead of a group of other holdings.

SLA has held its last full year dividend for the year ending 31 Dec 2019. So far this year the interim dividend, announced on 07 Aug 2020 and paid on 29 Sep 2020, was also a hold on last year. It would be wonderful to be able to state that the dividend looked absolutely secure but, during the current “Covid” times, it has to be a bit of a shot in the dark. However, SLA has so far continued with its Share Buyback program which indicates to me that there maybe at least a held dividend for this year too. Comments in the Half Year report which can be found here: https://www.aberdeenstandard.com/docs?d ... 1604676262

Dividends

The Board has declared an interim dividend for 2020 of 7.3p (H1 2019: 7.3p) per share which will be paid on 29 September 2020 to shareholders on the register at close of business on 21 August 2020. The dividend payment is expected to be £159m. At 30 June 2020 Standard Life Aberdeen plc held £1.4bn of cash and liquid resources and £1.9bn of distributable reserves, which will be used to support the dividend.

Return of capital

On 7 February 2020 we announced a further share buyback of up to £400m and expect that it will complete in the second half of 2020. As at 6 August 2020, we have returned £220m, with 89m shares repurchased at an average price of £2.48 per share.

Cash and liquid resources

Cash and liquid resources remained robust at £2.8bn at 30 June 2020 (FY 2019: £2.7bn) with proceeds from the HDFC Life and HDFC Asset Management share sales more than offsetting the 2020 final dividend and share buyback. Cash and liquid resources includes cash and cash equivalents1 of £1.4bn (FY 2019: £1.3bn), short-term debt securities (Certificates of Deposit) of £0.9bn (FY 2019: £0.9bn), bonds of £0.3bn (FY 2019: £0.3bn) and holdings in pooled investment funds of £0.2bn (FY 2019: £0.2bn). £1.4bn (FY 2019: £1.4bn) of these cash and liquid resources were held in Standard Life Aberdeen plc.

Consequently, I do believe that at least a held dividend will be paid.

We shall see ………………..


I am not intending to purchase any SLA for any portfolio under my control and therefore the price to be applied for this virtual purchase will be the mid-price offered on 10 November 2020. I shall post an update when the details of the deal are known.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?p=323790#p323790

The intention is to keep this thread simply recording the history of the Portfolio


Enjoy!


Ian

IanTHughes
Lemon Quarter
Posts: 1789
Joined: May 2nd, 2018, 12:01 pm
Has thanked: 730 times
Been thanked: 1117 times

Re: PYAD HYP 2019_04 REINVEST – Year Two

#355048

Postby IanTHughes » November 10th, 2020, 1:02 am

The rather amazing increases in the market today has resulted in my top-up decision made at the weekend being brought into question.

The top-up candidates now list as follows:

Top-Up       |      |                          |             |          |                                                      
Business | EPIC | Company | Yield (%) * | Decision | Comments

Tobacco | IMB | Imperial Brands | 10.92% | Selected | Resultant Sector Value Concentration (8.83%)
Insurance | AV | Aviva | 9.00% | Rejected | Earnings considered at risk
Fund Manager | SLA | Standard Life Aberdeen | 8.37% | Rejected | Resultant Sector Value Concentration (9.93%) too high
Tobacco | BATS | British American Tobacco | 8.18% | Selected | Resultant Sector Value [u]Concentration (8.83%)

The top-up will now be:

Tobacco – Imperial Brands (IMB) – Yield 10.92%


Enjoy!


Ian

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PYAD HYP 2019_04 REINVEST – Year 2 – November Top-Up

#355365

Postby IanTHughes » November 10th, 2020, 8:55 pm

Update 10 November 2020

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140

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

The Top-Up indicated in the previous post viewtopic.php?p=355048#p355048 has now been made as follows:

Date      | Business | EPIC | Shares | Price (p)   | Total (£)  | Yield (%) | Comment                       
10-Nov-20 | Tobacco | IMB | 226 | 1,309.5245 | -2,975.83 | 14.18% | Routine Dividend Re-Investment


As at the Close of Business on 10 November 2020 the portfolio looks like this:

EPIC |         Company          |  Shares |   Cost (£) |   Price (p) |   Value (£)  | Value (%) |    P/L (£)   | Ex-Div (£) | Div Rec'd (£) | To-Date(£) | Overall (£) | Yield (%) * | Year Div (£)
IMB | Imperial Brands | 1,139 | 23,765.53 | 1,336.5000 | 15,222.74 | 6.60% | -8,542.79 | 0.00 | 1,737.82 | 1,737.82 | -6,804.97 | 10.30% | 1,568.40
AV | Aviva | 4,820 | 19,699.29 | 315.5000 | 15,207.10 | 6.59% | -4,492.19 | 0.00 | 1,442.87 | 1,442.87 | -3,049.32 | 8.68% | 1,320.68
SLA | Standard Life Aberdeen | 6,389 | 17,397.08 | 267.0000 | 17,058.63 | 7.40% | -338.45 | 0.00 | 2,568.64 | 2,568.64 | 2,230.19 | 8.09% | 1,380.02
BATS | British American Tobacco | 211 | 6,015.65 | 2,692.0000 | 5,680.12 | 2.46% | -335.53 | 110.98 | 329.04 | 440.02 | 104.49 | 7.82% | 443.94
VOD | Vodafone Group | 10,077 | 14,998.48 | 116.6800 | 11,757.84 | 5.10% | -3,240.64 | 0.00 | 1,169.18 | 1,169.18 | -2,071.46 | 6.93% | 815.28
BP | BP | 1,347 | 7,496.10 | 241.7000 | 3,255.70 | 1.41% | -4,240.40 | 54.59 | 603.15 | 657.74 | -3,582.66 | 6.71% | 218.36
IGG | IG Group Holdings | 2,762 | 14,999.32 | 774.0000 | 21,377.88 | 9.27% | 6,378.56 | 0.00 | 2,028.39 | 2,028.39 | 8,406.95 | 5.58% | 1,193.18
BHP | BHP Group | 838 | 14,992.51 | 1,664.2000 | 13,946.00 | 6.05% | -1,046.51 | 0.00 | 1,296.94 | 1,296.94 | 250.43 | 5.57% | 776.34
GSK | GlaxoSmithKline | 941 | 14,999.37 | 1,467.6000 | 13,810.12 | 5.99% | -1,189.25 | 0.00 | 1,110.38 | 1,110.38 | -78.87 | 5.45% | 752.80
BA | BAE Systems | 3,043 | 14,995.20 | 463.6000 | 14,107.35 | 6.12% | -887.85 | 286.04 | 1,107.64 | 1,393.68 | 505.83 | 5.00% | 705.97
RDSB | Royal Dutch Shell | 457 | 9,626.22 | 1,129.8000 | 5,163.19 | 2.24% | -4,463.03 | 0.00 | 567.39 | 567.39 | -3,895.64 | 4.55% | 234.97
LAND | Land Securities Group | 818 | 7,499.19 | 669.2000 | 5,474.06 | 2.37% | -2,025.13 | 0.00 | 285.05 | 285.05 | -1,740.08 | 4.48% | 245.40
HSBA | HSBC Holdings | 2,425 | 14,998.27 | 373.9500 | 9,068.29 | 3.93% | -5,929.98 | 0.00 | 573.99 | 573.99 | -5,355.99 | 4.34% | 393.15
PNN | Pennon Group | 1,975 | 16,014.00 | 1,044.0000 | 20,619.00 | 8.94% | 4,605.00 | 0.00 | 864.45 | 864.45 | 5,469.45 | 4.19% | 864.45
IBST | Ibstock | 5,849 | 14,999.47 | 177.3000 | 10,370.28 | 4.50% | -4,629.19 | 0.00 | 859.79 | 859.79 | -3,769.40 | 3.67% | 380.18
BLND | British Land Company | 1,273 | 7,494.24 | 464.9000 | 5,918.18 | 2.57% | -1,576.06 | 0.00 | 301.87 | 301.87 | -1,274.19 | 1.72% | 101.61
SMDS | DS Smith | 4,310 | 14,997.11 | 323.5000 | 13,942.85 | 6.05% | -1,054.26 | 0.00 | 698.22 | 698.22 | -356.04 | 1.67% | 232.74
WPP | WPP | 1,780 | 14,997.55 | 755.8000 | 13,453.24 | 5.83% | -1,544.31 | 0.00 | 1,246.00 | 1,246.00 | -298.31 | 1.32% | 178.00
CCL | Carnival Corporation | 384 | 14,979.79 | 1,153.5000 | 4,429.44 | 1.92% | -10,550.35 | 0.00 | 610.18 | 610.18 | -9,940.17 | 0.00% | 0.00
ITV | ITV | 11,652 | 14,999.08 | 88.5000 | 10,312.02 | 4.47% | -4,687.06 | 0.00 | 932.15 | 932.15 | -3,754.91 | 0.00% | 0.00
| | | | | | | | | | | | |
| Sub Total: | | | | £230,174.03 | 99.80% | -£49,789.42 | £451.61 | | | | 5.13% | £11,805.47
| Cash Balance: | | | | £10.33 | 0.00% | | | | | | |
| Ex-Dividend: | | | | £451.61 | 0.20% | | | | | | |
| | | | | | | | | | | | |
| Current Portfolio Value: | | | | £230,635.97 | -9.52% | | | | | | |
| From: | | | | | | | | | | | |
| Cash In: | | | | £254,904.77 | | | | | | | |
| LESS Cash Out: | | | | £0.00 | | | | | | | |
| Dividends Received: | | | | £20,880.72 | | | | | | | |
| Ex-Dividend: | | | | £451.61 | | | | | | | |
| Realised P/L: | | | GNK | £4,188.29 | | | | | | | |
| Un-Realised P/L: | | | | -£49,789.42 | | | | | | | |
| | | | | | XIRR | | | | | | |
| Total: | | | | £230,635.97 | -5.99% | | | | | | |

With the breakdown by Business, by decreasing value, as follows:

   Business  |  Cost (£)  | Value (£)  | Value (%) |    P/L (£)  | Ex-Div (£) | Div Rec'd (£) | Total Inc (£) | Overall (£) | Yield (%) * | Year Inc (£)
Gambling | 14,999.32 | 21,377.88 | 9.27% | 6,378.56 | 0.00 | 2,028.39 | 2,028.39 | 8,406.95 | 5.58% | 1,193.18
Tobacco | 29,781.18 | 20,902.86 | 9.06% | -8,878.32 | 110.98 | 2,066.86 | 2,177.84 | -6,700.48 | 9.63% | 2,012.34
Water | 16,014.00 | 20,619.00 | 8.94% | 4,605.00 | 0.00 | 864.45 | 864.45 | 5,469.45 | 4.19% | 864.45
Fund Manager | 17,397.08 | 17,058.63 | 7.40% | -338.45 | 0.00 | 2,568.64 | 2,568.64 | 2,230.19 | 8.09% | 1,380.02
Insurance | 19,699.29 | 15,207.10 | 6.59% | -4,492.19 | 0.00 | 1,442.87 | 1,442.87 | -3,049.32 | 8.68% | 1,320.68
Weapons | 14,995.20 | 14,107.35 | 6.12% | -887.85 | 286.04 | 1,107.64 | 1,393.68 | 505.83 | 5.00% | 705.97
Mining | 14,992.51 | 13,946.00 | 6.05% | -1,046.51 | 0.00 | 1,296.94 | 1,296.94 | 250.43 | 5.57% | 776.34
Packaging | 14,997.11 | 13,942.85 | 6.05% | -1,054.26 | 0.00 | 698.22 | 698.22 | -356.04 | 1.67% | 232.74
Pharma | 14,999.37 | 13,810.12 | 5.99% | -1,189.25 | 0.00 | 1,110.38 | 1,110.38 | -78.87 | 5.45% | 752.80
Advertising | 14,997.55 | 13,453.24 | 5.83% | -1,544.31 | 0.00 | 1,246.00 | 1,246.00 | -298.31 | 1.32% | 178.00
Telecom | 14,998.48 | 11,757.84 | 5.10% | -3,240.64 | 0.00 | 1,169.18 | 1,169.18 | -2,071.46 | 6.93% | 815.28
Property | 14,993.43 | 11,392.24 | 4.94% | -3,601.19 | 0.00 | 586.92 | 586.92 | -3,014.27 | 3.05% | 347.01
Bricks | 14,999.47 | 10,370.28 | 4.50% | -4,629.19 | 0.00 | 859.79 | 859.79 | -3,769.40 | 3.67% | 380.18
Television | 14,999.08 | 10,312.02 | 4.47% | -4,687.06 | 0.00 | 932.15 | 932.15 | -3,754.91 | 0.00% | 0.00
Banks | 14,998.27 | 9,068.29 | 3.93% | -5,929.98 | 0.00 | 573.99 | 573.99 | -5,355.99 | 4.34% | 393.15
Oil | 17,122.32 | 8,418.89 | 3.65% | -8,703.43 | 54.59 | 1,170.54 | 1,225.13 | -7,478.30 | 5.38% | 453.33
Cruise Ships | 14,979.79 | 4,429.44 | 1.92% | -10,550.35 | 0.00 | 610.18 | 610.18 | -9,940.17 | 0.00% | 0.00

* - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

Top-Ups and other Transactions since initial portfolio set up

Transactions | Since Set Up   |      |         |             |             | Historical  |                               
Date | Business | EPIC | Shares | Price (p) | Total (£) | Yield (%) * | Comment

10-Nov-20 | Tobacco | IMB | 226 | 1,309.5245 | -2,975.83 | 14.18% | Routine Dividend Re-Investment
10-Sep-20 | Tobacco | IMB | 194 | 1,354.0000 | -2,641.39 | 13.72% | Routine Dividend Re-Investment
14-Apr-20 | Oil | RDSB | 148 | 1,440.8139 | -2,144.56 | 10.20% | Routine Dividend Re-Investment
10-Feb-20 | Insurance | AV | 620 | 405.9278 | -2,530.83 | 7.45% | Routine Dividend Re-Investment
11-Nov-19 | Tobacco | BATS | 69 | 2,880.0000 | -1,998.64 | 7.05% | Routine Dividend Re-Investment
10-Oct-19 | Fund Manager | SLA | 886 | 269.3000 | -2,399.43 | 8.02% | Routine Dividend Re-Investment
10-Oct-19 | Tobacco | BATS | 142 | 2,813.7500 | -4,017.01 | 7.21% | Replace Greene King Holding
09-Oct-19 | Water | PNN | 1,975 | 806.3000 | -16,014.00 | 5.09% | Replace Greene King Holding
09-Oct-19 | Brewing & Pubs | GNK | -2,266 | 847.0000 | 19,183.07 | | Sale Pending Imminent Takeover
12-Aug-19 | Insurance | AV | 563 | 383.6500 | -2,172.25 | 7.88% | Routine Dividend Re-Investment
10-Jun-19 | Tobacco | IMB | 151 | 2,081.0000 | -3,159.52 | 9.30% | Routine Dividend Re-Investment

* - Historical Yields are calculated from the rolling sum of the last full year's dividends, as at the purchase date

Future Top-Up Dates

Top-Ups for this Portfolio will be made on the 10th day of each month or, should that not be a market day, the first market day after the 10th day, just so long as a cash balance of at least £2,000.00 is available the day before. Therefore, based on current dividend expectations, the anticipated Top-Up timetable going forward is as follows:

  To Date | Div Rec'd | Date      | Balance   | Re-Invest?
09-Dec-20 | 397.02 | 10-Dec-20 | 407.35 | N
08-Jan-21 | 758.21 | 11-Jan-21 | 1,165.56 | N
09-Feb-21 | 697.41 | 10-Feb-21 | 1,862.97 | N
09-Mar-21 | 357.95 | 10-Mar-21 | 2,220.92 | Y
09-Apr-21 | 1,566.78 | 12-Apr-21 | 1,615.86 | N
07-May-21 | 776.58 | 10-May-21 | 2,343.36 | Y
09-Jun-21 | 2,856.19 | 10-Jun-21 | 2,856.19 | Y
09-Jul-21 | 350.81 | 12-Jul-21 | 529.60 | N
09-Aug-21 | 635.51 | 10-Aug-21 | 986.32 | N
09-Sep-21 | 705.65 | 10-Sep-21 | 1,691.97 | N
08-Oct-21 | 1,511.30 | 11-Oct-21 | 3,382.06 | Y
09-Nov-21 | 1,192.01 | 10-Nov-21 | 1,013.22 | N

The next top-up will therefore be on 10 March 2021.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=24257

The intention is to keep this thread simply recording the history of the Portfolio


Enjoy!


Ian

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PYAD HYP 2019_04 REINVEST – Year Two - Diversificatio

#379862

Postby IanTHughes » January 22nd, 2021, 11:31 pm

I have requested that the first attempt at this post be removed, as a result of a glaring error in one of the pie charts displayed. Hopefully, this second attempt is correct.

………

I was beginning the process of determining the possible shares to which I might direct the next dividend re-investment, now due on the 10 Feb 2021 not the 10 Mar 2021 as originally forecast. Whilst doing this of course, I was reviewing the current state of the portfolio and it struck me that portfolio diversification, so important to HYP, is best displayed by the use of charts.

So far during the history and management of this portfolio, I have not used any charts in my various posts. This is mainly because I detest using the Chart capability of Excel, which spreadsheets of course I use to monitor the portfolio! Anyway, I decided to put my Excel dislikes away, learn some new Excel skills and provide some pie charts which I do hope you will find interesting and hopefully informative.

Anyway, here goes nothing ……

As at the close of business on 22 Jan 2021 ….

Current Portfolio Diversification: Sector - Forecast Incomes

Image

Current Portfolio Diversification: Holding - Forecast Incomes

Image

Current Portfolio Diversification: Sector - Values

Image

Current Portfolio Diversification: Holding - Values

Image

So, what do you guys and gals think? Is the above a helpful and informative addition to the reporting of the portfolio? Are there any improvements or additions that you can think of?

Any comments please on this related thread: viewtopic.php?p=379854#p379854

The intention is to keep this thread simply recording the history of the Portfolio.


Enjoy!


Ian
p.s. - I still detest Excel Charting functionality but at least I am beginning to get the hang of it!

IanTHughes
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Re: PYAD HYP 2019_04 REINVEST – Year Two

#383424

Postby IanTHughes » February 3rd, 2021, 6:05 pm

Following on from the valuation Pie Charts created last week, it is now time to introduce the Unit Valuation Graphs for the portfolio. Since the inception of the portfolio, a history of the values of the following has been created and stored:

- Accumulation Units
- Dividend Units
- FTSE 100 Units
- FTSE 100 Total Return Units

As of today, the graphs look like this:

Image

The daily values that make up the graphs are calculated as follows:

FTSE 100 & FTSE 100 Total Return: Unit Value

Daily closing values for the FTSE 100 & FTSE 100 Total Return are downloaded and stored.

For both Units, a Unit Value of £10.0000 was selected as the value pertaining when the portfolio was first set up on 18 Mar 2019. The closing value for the FTSE 100 index on that date was 7,299.19, The closing value for the FTSE 100 Total Return index on that date was 6,523.40.

For each day, the Unit Value = Closing Index Value DIVIDED BY Closing Index Value for 18 Mar 2019 MULTIPLIED BY ten

Portfolio Value

Daily prices for all shares within the portfolio are downloaded and stored.

For each day, each Holding Value = Number of Shares MULTIPLIED BY the price

I also maintain for each day a Portfolio Cash Balance as well as a Portfolio Ex-Dividend Amount – i.e. the total of all expected dividends where the Date is GREATER THAN OR EQUAL TO the Ex-Dividend Date AND LESS THAN the Payment Date.

For each day, the Portfolio Value = SUM all Holding Values PLUS the Portfolio Cash Balance PLUS the Ex-Dividend amount.

Accumulation and Dividend Units: Initial Number

A Unit Value of £10.0000 was selected as the value pertaining when the portfolio was first set up on 18 Mar 2019. The Total Amount paid In the portfolio on that date was £254,904.77

Initial Number of Units = Total Amount Paid In DIVIDED BY the Unit Value = 25,490.48

Unit Value

For each day, the Unit Value = the Portfolio Value DIVIDED BY the Number Units held.

Number of Units Held: Daily Purchase and Sales

Accumulation Units: Cash Movements

There are two types of Cash Movement event:

- Cash Transferred In - Purchasing Units
- Cash Transferred Out - Selling Units.

For this portfolio there is only one recorded Cash Transferred In event – the initial investment on 18 Mar 2019. Every month, one workday before the 6th of that month, there will be a Cash Transferred Out event the value of which is the Cash Balance recorded for that day.

Dividend Units: Cash Movements

There are three types of Cash Movement event:

- Cash Transferred In - Purchasing Units
- Dividends Received - Purchasing Units
- Cash Transferred Out - Selling Units.

For this portfolio there is only one recorded Cash Transferred In event – the initial investment on 18 Mar 2019. Every month, one workday before the 6th of that month, there will be a Cash Transferred Out event the value of which is the Cash Balance recorded for that day. Dividends Received are recorded as a Cash Movement events on the Payment Date for the Dividend

Accumulation Units & Dividend Units

For each day, the Number of Units (Bought or Sold) = SUM all Cash Movements DIVIDED BY the Unit Value pertaining to the day before the Cash Movement Date


Simples!

Enjoy!


Ian

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Re: PYAD HYP 2019_04 REINVEST – Year Two

#383535

Postby funduffer » February 4th, 2021, 8:34 am

IanTHughes wrote:Accumulation Units: Cash Movements

There are two types of Cash Movement event:

- Cash Transferred In - Purchasing Units
- Cash Transferred Out - Selling Units.

For this portfolio there is only one recorded Cash Transferred In event – the initial investment on 18 Mar 2019. Every month, one workday before the 6th of that month, there will be a Cash Transferred Out event the value of which is the Cash Balance recorded for that day.

Dividend Units: Cash Movements

There are three types of Cash Movement event:

- Cash Transferred In - Purchasing Units
- Dividends Received - Purchasing Units
- Cash Transferred Out - Selling Units.

For this portfolio there is only one recorded Cash Transferred In event – the initial investment on 18 Mar 2019. Every month, one workday before the 6th of that month, there will be a Cash Transferred Out event the value of which is the Cash Balance recorded for that day. Dividends Received are recorded as a Cash Movement events on the Payment Date for the Dividend

Ian


Hi thanks Ian, this is the best explanation of how to calculate accumulation and dividend units I have seen for a long time.

Can I ask one thing, just to make sure I have understood correctly?

For dividend units, when you receive a dividend payment, you use it to purchase units at the prevailing unit price. However, if you don't actually purchase shares by the 6th of the month, it would still be in cash, and units would be sold at the unit price on the 5th of the month and the cash transferred out. However, if you have bought shares before the 6th, then obviously it would only be any residual cash that is 'sold' and transferred out .

Have I got this right?

PS, I like the graphs and pies!

FD

Thanks

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Re: PYAD HYP 2019_04 REINVEST – Year Two

#383543

Postby IanTHughes » February 4th, 2021, 8:50 am

My apologies to all.

When I said:

Every month, one workday before the 6th of that month, there will be a Cash Transferred Out event the value of which is the Cash Balance recorded for that day.


This does of course take place within the Drawdown version of this portfolio which is recorded here: viewtopic.php?p=383391#p383391

It most certainly does not take place within this portfolio which is strictly "All Dividends are Re-Invested". No income is withdrawn from this "virtual" portfolio.

Sorry about that, copy and paste laziness I am afraid!

Any further comments please post on this thread: viewtopic.php?f=15&t=24257

Thank you


Ian

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PYAD HYP 2019_04 REINVEST – Year Two - February 2021

#383939

Postby IanTHughes » February 5th, 2021, 6:21 pm

For the activity during Year One of this portfolio please see this thread: viewtopic.php?p=225860#p225860

Update - 05 February 2021

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140, and subsequently managed by myself.

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

Current Portfolio: Holdings

EPIC | Company                  | Shares  |  Cost (£)  |  Price (p)  |  Value (£)   | Value (%) |    P/L (£)   | Ex-Div (£) | Div Rec'd (£) | To-Date(£) | Overall (£) | Yield (%) * | Year Div (£)
IMB | Imperial Brands | 1,139 | 23,765.53 | 1,427.5000 | 16,259.23 | 6.55% | -7,506.30 | 0.00 | 2,284.54 | 2,284.54 | -5,221.76 | 9.65% | 1,568.51
BATS | British American Tobacco | 211 | 6,015.65 | 2,673.0000 | 5,640.03 | 2.27% | -375.62 | 0.00 | 551.00 | 551.00 | 175.38 | 7.87% | 443.94
SLA | Standard Life Aberdeen | 6,389 | 17,397.08 | 313.7000 | 20,042.29 | 8.07% | 2,645.21 | 0.00 | 2,568.64 | 2,568.64 | 5,213.85 | 6.89% | 1,380.02
GSK | GlaxoSmithKline | 941 | 14,999.37 | 1,265.8000 | 11,911.18 | 4.80% | -3,088.19 | 0.00 | 1,289.17 | 1,289.17 | -1,799.02 | 6.32% | 752.80
AV | Aviva | 4,820 | 19,699.29 | 341.8000 | 16,474.76 | 6.64% | -3,224.53 | 0.00 | 1,780.27 | 1,780.27 | -1,444.26 | 6.14% | 1,012.20
BP | BP | 1,347 | 7,496.10 | 252.0500 | 3,395.11 | 1.37% | -4,100.99 | 0.00 | 655.91 | 655.91 | -3,445.08 | 6.07% | 206.20
VOD | Vodafone Group | 10,077 | 14,998.48 | 134.0800 | 13,511.24 | 5.44% | -1,487.24 | 0.00 | 1,570.34 | 1,570.34 | 83.10 | 5.94% | 802.59
IGG | IG Group Holdings | 2,762 | 14,999.32 | 761.0000 | 21,018.82 | 8.47% | 6,019.50 | 357.95 | 2,028.39 | 2,386.34 | 8,405.84 | 5.68% | 1,193.18
BA | BAE Systems | 3,043 | 14,995.20 | 474.0000 | 14,423.82 | 5.81% | -571.38 | 0.00 | 1,393.68 | 1,393.68 | 822.30 | 4.89% | 705.97
HSBA | HSBC Holdings | 2,425 | 14,998.27 | 392.5000 | 9,518.13 | 3.84% | -5,480.14 | 0.00 | 573.99 | 573.99 | -4,906.15 | 4.88% | 464.95
BHP | BHP Group | 838 | 14,992.51 | 2,044.5000 | 17,132.91 | 6.90% | 2,140.40 | 0.00 | 1,296.94 | 1,296.94 | 3,437.34 | 4.28% | 733.10
RDSB | Royal Dutch Shell | 457 | 9,626.22 | 1,280.2000 | 5,850.51 | 2.36% | -3,775.71 | 0.00 | 618.17 | 618.17 | -3,157.54 | 3.91% | 228.88
LAND | Land Securities Group | 818 | 7,499.19 | 628.6000 | 5,141.95 | 2.07% | -2,357.24 | 0.00 | 383.21 | 383.21 | -1,974.03 | 3.82% | 196.32
BLND | British Land Company | 1,273 | 7,494.24 | 458.9000 | 5,841.80 | 2.35% | -1,652.44 | 106.93 | 301.87 | 408.80 | -1,243.64 | 3.66% | 213.86
SMDS | DS Smith | 4,310 | 14,997.11 | 372.2000 | 16,041.82 | 6.46% | 1,044.71 | 0.00 | 698.22 | 698.22 | 1,742.93 | 3.22% | 517.20
IBST | Ibstock | 5,849 | 14,999.47 | 215.0000 | 12,575.35 | 5.07% | -2,424.12 | 0.00 | 859.79 | 859.79 | -1,564.33 | 3.02% | 380.18
PNN | Pennon Group | 1,975 | 16,014.00 | 915.2000 | 18,075.20 | 7.28% | 2,061.20 | 133.70 | 864.45 | 998.15 | 3,059.35 | 2.38% | 431.04
WPP | WPP | 1,780 | 14,997.55 | 814.6000 | 14,499.88 | 5.84% | -497.67 | 0.00 | 1,246.00 | 1,246.00 | 748.33 | 1.23% | 178.00
ITV | ITV | 11,652 | 14,999.08 | 110.0000 | 12,817.20 | 5.16% | -2,181.88 | 0.00 | 932.15 | 932.15 | -1,249.73 | 0.00% | 0.00
CCL | Carnival Corporation | 384 | 14,979.79 | 1,370.0000 | 5,260.80 | 2.12% | -9,718.99 | 0.00 | 610.18 | 610.18 | -9,108.81 | 0.00% | 0.00
| | | | | | | | | | | | |
| Sub Total: | | | | £245,432.03 | 98.88% | -£34,531.42 | £598.58 | | | | 4.65% | £11,408.94
| Cash Balance: | | | | £2,190.35 | 0.88% | | | | | | |
| Ex-Dividend: | | | | £598.58 | 0.24% | | | | | | |
| | | | | | | | | | | | |
| Current Portfolio Value: | | | | £248,220.96 | -2.62% | | | | | | |
| From: | | | | | | | | | | | |
| Cash In: | | | | £254,904.77 | | | | | | | |
| LESS Cash Out: | | | | £0.00 | | | | | | | |
| Dividends Received: | | | | £23,060.74 | 9.05% | | | | | | |
| Ex-Dividend: | | | | £598.58 | | | | | | | |
| Realised P/L: | | | GNK | £4,188.29 | | | | | | | |
| Un-Realised P/L: | | | | -£34,531.42 | | | | | | | |
| | | | | | XIRR | | | | | | |
| Total: | | | | £248,220.96 | -1.40% | | | | | | |

Current Portfolio: Business Sectors

Business       |  Cost (£)  |  Value (£) | Value (%) |   P/L (£)  | Ex-Div (£) | Div Rec'd (£) | Total Inc (£) | Overall (£) | Yield (%) * | Year Inc (£)
Tobacco | 29,781.18 | 21,899.26 | 8.82% | -7,881.92 | 0.00 | 2,835.54 | 2,835.54 | -5,046.38 | 9.19% | 2,012.45
Gambling | 14,999.32 | 21,018.82 | 8.47% | 6,019.50 | 357.95 | 2,028.39 | 2,386.34 | 8,405.84 | 5.68% | 1,193.18
Fund Manager | 17,397.08 | 20,042.29 | 8.07% | 2,645.21 | 0.00 | 2,568.64 | 2,568.64 | 5,213.85 | 6.89% | 1,380.02
Water | 16,014.00 | 18,075.20 | 7.28% | 2,061.20 | 133.70 | 864.45 | 998.15 | 3,059.35 | 2.38% | 431.04
Mining | 14,992.51 | 17,132.91 | 6.90% | 2,140.40 | 0.00 | 1,296.94 | 1,296.94 | 3,437.34 | 4.28% | 733.10
Insurance | 19,699.29 | 16,474.76 | 6.64% | -3,224.53 | 0.00 | 1,780.27 | 1,780.27 | -1,444.26 | 6.14% | 1,012.20
Packaging | 14,997.11 | 16,041.82 | 6.46% | 1,044.71 | 0.00 | 698.22 | 698.22 | 1,742.93 | 3.22% | 517.20
Advertising | 14,997.55 | 14,499.88 | 5.84% | -497.67 | 0.00 | 1,246.00 | 1,246.00 | 748.33 | 1.23% | 178.00
Weapons | 14,995.20 | 14,423.82 | 5.81% | -571.38 | 0.00 | 1,393.68 | 1,393.68 | 822.30 | 4.89% | 705.97
Mobile Tel | 14,998.48 | 13,511.24 | 5.44% | -1,487.24 | 0.00 | 1,570.34 | 1,570.34 | 83.10 | 5.94% | 802.59
Bricks | 14,999.47 | 12,575.35 | 5.07% | -2,424.12 | 0.00 | 859.79 | 859.79 | -1,564.33 | 3.02% | 380.18
Television | 14,999.08 | 12,817.20 | 5.16% | -2,181.88 | 0.00 | 932.15 | 932.15 | -1,249.73 | 0.00% | 0.00
Pharma | 14,999.37 | 11,911.18 | 4.80% | -3,088.19 | 0.00 | 1,289.17 | 1,289.17 | -1,799.02 | 6.32% | 752.80
Real Estate IT | 14,993.43 | 10,983.75 | 4.42% | -4,009.68 | 106.93 | 685.08 | 792.01 | -3,217.67 | 3.73% | 410.18
Banks | 14,998.27 | 9,518.13 | 3.83% | -5,480.14 | 0.00 | 573.99 | 573.99 | -4,906.15 | 4.88% | 464.95
Oil | 17,122.32 | 9,245.62 | 3.72% | -7,876.70 | 0.00 | 1,274.08 | 1,274.08 | -6,602.62 | 4.71% | 435.08
Cruising | 14,979.79 | 5,260.80 | 2.12% | -9,718.99 | 0.00 | 610.18 | 610.18 | -9,108.81 | 0.00% | 0.00

(*)- Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has indicated otherwise.

Top-Up: 10 February 2021

As at the close of business on Tuesday 9 February 2021, the amount available for re-investment will be £2,190.48. This amount will be used to top-up one Business Sector holding on Wednesday 10 February 2021.

From the point of view of the current “Highest Yield” the following candidates were considered:

Top-Up       |      |                          |             |          |                                                      
Business | EPIC | Company | Yield (%) * | Decision | Comments

Tobacco | IMB | Imperial Brands | 9.65% | Rejected | Resultant Sector Value Concentration (9.70%) too high
Tobacco | BATS | British American Tobacco | 7.87% | Rejected | Resultant Sector Value Concentration (9.70%) too high
Fund Manager | SLA | Standard Life Aberdeen | 6.89% | Selected | Resultant Sector Value Concentration (8.87%)
Pharma | GSK | GlaxoSmithKline | 6.32% | Selected | Resultant Sector Value Concentration (5.63%)
Insurance | AV | Aviva | 6.14% | Selected | Resultant Sector Value Concentration (7.45%)

Fund Manager – Standard Life Aberdeen (SLA) – Yield 6.89% - is therefore the selection from the current holdings.

However, there is I believe a better alternative possibility, a new holding as follows:

Fund Manager – M&G PLC (MNG) – Yield 9.65%

I did briefly consider this possibility at the time of the last two top-ups - 10 Sep 20 and 10 Nov 20 - but on both occasions I dismissed the idea, partly as a result of the lack of dividend history, but mainly because on both occasions, Imperial Brands PLC (IMB) was offering a significantly higher yield, which in the end is what I went for both times. Since then, I have again reviewed MNG not least because of its mention within the following thread on here: viewtopic.php?f=15&t=27148&hilit=mng. Also, for this top-up IMB, whilst still offering a similar yield to MNG, is disqualified on diversification grounds. The concentration of the portfolio already invested within the Tobacco business sector is high enough in my view. I should add though that I am considering raising the limit for Business Sector concentration to 10% from the current 9% which, if in place right now, would no longer disqualify the Tobacco Business sector. I shall be thinking further on that in due course.

I then reviewed, for the first time I might add, the interim results posted on 12 Aug 20: https://www.investegate.co.uk/m-g-plc/r ... 00038446V/ The financials look good, although of course with little history to go on, but I was particularly impressed with the following comments:
Confident about the outlook

I expect further volatility in markets while the Covid-19 virus remains a threat. It is too early to say we are through the worst, despite the rally in the second quarter. Against this backdrop, we remain committed to our dividend policy of stable or increasing pay-outs. We will continue to monitor developments carefully and we do not expect to increase the dividend while the threat of Covid-19 remains.

Despite the difficult market conditions, I remain optimistic about the outlook for M&G plc. In the short term, as a leading savings and investment business, we are well-placed to be the partner of choice for households looking for better returns on the large cash savings they have accumulated during the pandemic.

Longer term, we will continue to position the business for sustainable growth, building on our first-half actions to revitalise our UK retail franchise, deepen our presence in Europe, and expand our international and institutional businesses.[/b]

Thanks are due to pyad who pointed me in that direction within the above thread and yes, I know I should have looked without being nudged by anyone else.

Anyway, the upshot is that, although an increase in dividend is indeed unlikely, I do believe that at least a held final dividend of 11.92p should be achievable. When added to the already paid interim dividend of 6.00p, this gives the yield of 9.65% mentioned above. Yes, I do know that there is as yet still a lack of “history” but in the end, a halving of the annual dividend would still give a yield of almost 5.00% and, with less than 1% of the portfolio’s capital value being deployed, what is there to lose? There is also the benefit, although admittedly small, of diversification within the Fund Management business sector.

We shall see ………………..

Fund Manager – M&G PLC (MNG) – Yield 9.65% - is therefore the decision for this top up.

The Value Concentration after purchase (8.87%) will leave the Fund Manager business sector holding as the third highest by that measure, and not so far ahead of the Value Concentrations of a group of other business sectors.

I am not intending to purchase MNG for any real portfolio under my control and therefore the price to be applied for this virtual purchase will be the mid-price offered on 10 February 2021. I shall post an update when the details of the purchase are known.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?p=323790#p323790

The intention is to keep this thread simply recording the history of the Portfolio.


Enjoy!


Ian

IanTHughes
Lemon Quarter
Posts: 1789
Joined: May 2nd, 2018, 12:01 pm
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PYAD HYP 2019_04 REINVEST – Year 2 – February Top-Up

#385523

Postby IanTHughes » February 10th, 2021, 9:57 pm

Update 10 February 2021

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140, and subsequently managed by myself.

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

Portfolio Transaction: 10 February 2021

The Dividend Re-Investment – M & G PLC (MNG) - indicated in the previous post https: viewtopic.php?p=383939#p383939 has now been made as follows:

Date      | Business     | EPIC | Shares | Price (p) | Total (£) 
10-Feb-21 | Fund Manager | MNG | 1,166 | 186.7018 | -2,189.32


As it happens, I did end up making a small purchase of MNG for my own SIPP account, so the price used for the transaction listed above is the price achieved my own broker.

Current Portfolio: Holdings

EPIC | Company                  | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) | P/L (£)      | Ex-Div (£) | Div Rec'd (£) | To-Date(£) | Overall (£) | Yield (%) * | Year Div (£)
MNG | M & G PLC | 1,166 | 2,189.32 | 184.0500 | 2,146.02 | 0.86% | -43.30 | 0.00 | 0.00 | 0.00 | -43.30 | 9.74% | 208.94
IMB | Imperial Brands | 1,139 | 23,765.53 | 1,494.5000 | 17,022.36 | 6.79% | -6,743.17 | 0.00 | 2,284.54 | 2,284.54 | -4,458.63 | 9.21% | 1,568.51
BATS | British American Tobacco | 211 | 6,015.65 | 2,708.0000 | 5,713.88 | 2.28% | -301.77 | 0.00 | 551.00 | 551.00 | 249.23 | 7.77% | 443.94
SLA | Standard Life Aberdeen | 6,389 | 17,397.08 | 317.8000 | 20,304.24 | 8.10% | 2,907.16 | 0.00 | 2,568.64 | 2,568.64 | 5,475.80 | 6.80% | 1,380.02
GSK | GlaxoSmithKline | 941 | 14,999.37 | 1,270.8000 | 11,958.23 | 4.77% | -3,041.14 | 0.00 | 1,289.17 | 1,289.17 | -1,751.97 | 6.30% | 752.80
AV | Aviva | 4,820 | 19,699.29 | 347.4000 | 16,744.68 | 6.68% | -2,954.61 | 0.00 | 1,780.27 | 1,780.27 | -1,174.34 | 6.04% | 1,012.20
BP | BP | 1,347 | 7,496.10 | 256.2500 | 3,451.69 | 1.38% | -4,044.41 | 0.00 | 655.91 | 655.91 | -3,388.50 | 5.97% | 206.00
VOD | Vodafone Group | 10,077 | 14,998.48 | 132.8400 | 13,386.29 | 5.34% | -1,612.19 | 0.00 | 1,570.34 | 1,570.34 | -41.85 | 5.94% | 795.27
IGG | IG Group Holdings | 2,762 | 14,999.32 | 770.0000 | 21,267.40 | 8.48% | 6,268.08 | 357.95 | 2,028.39 | 2,386.34 | 8,654.42 | 5.61% | 1,193.18
BA | BAE Systems | 3,043 | 14,995.20 | 479.5000 | 14,591.19 | 5.82% | -404.01 | 0.00 | 1,393.68 | 1,393.68 | 989.67 | 4.84% | 705.97
HSBA | HSBC Holdings | 2,425 | 14,998.27 | 398.8500 | 9,672.11 | 3.86% | -5,326.16 | 0.00 | 573.99 | 573.99 | -4,752.17 | 4.80% | 464.54
BHP | BHP Group | 838 | 14,992.51 | 2,097.5000 | 17,577.05 | 7.01% | 2,584.54 | 0.00 | 1,296.94 | 1,296.94 | 3,881.48 | 4.17% | 732.46
RDSB | Royal Dutch Shell | 457 | 9,626.22 | 1,293.0000 | 5,909.01 | 2.36% | -3,717.21 | 0.00 | 618.08 | 618.08 | -3,099.13 | 3.87% | 228.68
LAND | Land Securities Group | 818 | 7,499.19 | 626.0000 | 5,120.68 | 2.04% | -2,378.51 | 0.00 | 383.21 | 383.21 | -1,995.30 | 3.83% | 196.32
BLND | British Land Company | 1,273 | 7,494.24 | 471.0000 | 5,995.83 | 2.39% | -1,498.41 | 106.93 | 301.87 | 408.80 | -1,089.61 | 3.57% | 213.86
SMDS | DS Smith | 4,310 | 14,997.11 | 368.7000 | 15,890.97 | 6.34% | 893.86 | 0.00 | 698.22 | 698.22 | 1,592.08 | 3.25% | 517.20
IBST | Ibstock | 5,849 | 14,999.47 | 216.1440 | 12,642.26 | 5.04% | -2,357.21 | 0.00 | 859.79 | 859.79 | -1,497.42 | 3.01% | 380.18
PNN | Pennon Group | 1,975 | 16,014.00 | 927.4000 | 18,316.15 | 7.31% | 2,302.15 | 133.70 | 864.45 | 998.15 | 3,300.30 | 2.35% | 431.04
WPP | WPP | 1,780 | 14,997.55 | 818.2000 | 14,563.96 | 5.81% | -433.59 | 0.00 | 1,246.00 | 1,246.00 | 812.41 | 1.22% | 178.00
ITV | ITV | 11,652 | 14,999.08 | 109.7000 | 12,782.24 | 5.10% | -2,216.84 | 0.00 | 932.15 | 932.15 | -1,284.69 | 0.00% | 0.00
CCL | Carnival Corporation | 384 | 14,979.79 | 1,323.0000 | 5,080.32 | 2.03% | -9,899.47 | 0.00 | 610.18 | 610.18 | -9,289.29 | 0.00% | 0.00
| | | | | | | | | | | | |
| Sub Total: | | | | £250,136.56 | 99.76% | -£32,016.21 | £598.58 | | | | 4.64% | £11,609.11
| Cash Balance: | | | | £1.03 | 0.00% | | | | | | |
| Ex-Dividend: | | | | £598.58 | 0.24% | | | | | | |
| | | | | | | | | | | | |
| Current Portfolio Value: | | | | £250,736.17 | -1.64% | | | | | | |
| From: | | | | | | | | | | | |
| Cash In: | | | | £254,904.77 | | | | | | | |
| LESS Cash Out: | | | | £0.00 | | | | | | | |
| Dividends Received: | | | | £23,060.74 | 9.05% | | | | | | |
| Ex-Dividend: | | | | £598.58 | | | | | | | |
| Realised P/L: | | | GNK | £4,188.29 | | | | | | | |
| Un-Realised P/L: | | | | -£32,016.21 | | | | | | | |
| | | | | | XIRR | | | | | | |
| Total: | | | | £250,736.17 | -0.86% | | | | | | |

Current Portfolio: Business Sectors

Business       | Cost (£)   | Value (£)  | Value (%) | P/L (£)    | Ex-Div (£) | Div Rec'd (£) | Total Inc (£) | Overall (£) | Yield (%) * | Year Inc (£)
Cruising | 14,979.79 | 5,080.32 | 2.03% | -9,899.47 | 0.00 | 610.18 | 610.18 | -9,289.29 | 0.00% | 0.00
Oil | 17,122.32 | 9,360.70 | 3.73% | -7,761.62 | 0.00 | 1,273.99 | 1,273.99 | -6,487.63 | 4.64% | 434.68
Banks | 14,998.27 | 9,672.11 | 3.86% | -5,326.16 | 0.00 | 573.99 | 573.99 | -4,752.17 | 4.80% | 464.54
Real Estate IT | 14,993.43 | 11,116.51 | 4.43% | -3,876.92 | 106.93 | 685.08 | 792.01 | -3,084.91 | 3.69% | 410.18
Pharma | 14,999.37 | 11,958.23 | 4.77% | -3,041.14 | 0.00 | 1,289.17 | 1,289.17 | -1,751.97 | 6.30% | 752.80
Bricks | 14,999.47 | 12,642.26 | 5.04% | -2,357.21 | 0.00 | 859.79 | 859.79 | -1,497.42 | 3.01% | 380.18
Television | 14,999.08 | 12,782.24 | 5.10% | -2,216.84 | 0.00 | 932.15 | 932.15 | -1,284.69 | 0.00% | 0.00
Mobile Tel | 14,998.48 | 13,386.29 | 5.34% | -1,612.19 | 0.00 | 1,570.34 | 1,570.34 | -41.85 | 5.94% | 795.27
Weapons | 14,995.20 | 14,591.19 | 5.82% | -404.01 | 0.00 | 1,393.68 | 1,393.68 | 989.67 | 4.84% | 705.97
Advertising | 14,997.55 | 14,563.96 | 5.81% | -433.59 | 0.00 | 1,246.00 | 1,246.00 | 812.41 | 1.22% | 178.00
Packaging | 14,997.11 | 15,890.97 | 6.34% | 893.86 | 0.00 | 698.22 | 698.22 | 1,592.08 | 3.25% | 517.20
Insurance | 19,699.29 | 16,744.68 | 6.68% | -2,954.61 | 0.00 | 1,780.27 | 1,780.27 | -1,174.34 | 6.04% | 1,012.20
Mining | 14,992.51 | 17,577.05 | 7.01% | 2,584.54 | 0.00 | 1,296.94 | 1,296.94 | 3,881.48 | 4.17% | 732.46
Water | 16,014.00 | 18,316.15 | 7.30% | 2,302.15 | 133.70 | 864.45 | 998.15 | 3,300.30 | 2.35% | 431.04
Gambling | 14,999.32 | 21,267.40 | 8.48% | 6,268.08 | 357.95 | 2,028.39 | 2,386.34 | 8,654.42 | 5.61% | 1,193.18
Fund Manager | 19,586.40 | 22,450.26 | 8.95% | 2,863.86 | 0.00 | 2,568.64 | 2,568.64 | 5,432.50 | 7.08% | 1,588.96
Tobacco | 29,781.18 | 22,736.24 | 9.07% | -7,044.94 | 0.00 | 2,835.54 | 2,835.54 | -4,209.40 | 8.85% | 2,012.45

* - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

Portfolio Transactions: Post Original Set-Up

Transactions | Since Set Up   |      |         |             |             | Purchase    |                               
Date | Business | EPIC | Shares | Price (p) | Total (£) | Yield (%) * | Comment

10-Feb-21 | Fund Manager | MNG | 1,166 | 186.7018 | -2,189.32 | 9.60% | Routine Dividend Re-Investment
10-Nov-20 | Tobacco | IMB | 226 | 1,309.5245 | -2,975.83 | 14.18% | Routine Dividend Re-Investment
10-Sep-20 | Tobacco | IMB | 194 | 1,354.0000 | -2,641.39 | 13.72% | Routine Dividend Re-Investment
14-Apr-20 | Oil | RDSB | 148 | 1,440.8139 | -2,144.56 | 10.20% | Routine Dividend Re-Investment
10-Feb-20 | Insurance | AV | 620 | 405.9278 | -2,530.83 | 7.45% | Routine Dividend Re-Investment
11-Nov-19 | Tobacco | BATS | 69 | 2,880.0000 | -1,998.64 | 7.05% | Routine Dividend Re-Investment
10-Oct-19 | Fund Manager | SLA | 886 | 269.3000 | -2,399.43 | 8.02% | Routine Dividend Re-Investment
10-Oct-19 | Tobacco | BATS | 142 | 2,813.7500 | -4,017.01 | 7.21% | Replace Greene King Holding
09-Oct-19 | Water | PNN | 1,975 | 806.3000 | -16,014.00 | 5.09% | Replace Greene King Holding
09-Oct-19 | Brewing & Pubs | GNK | -2,266 | 847.0000 | 19,183.07 | | Sale Pending Imminent Takeover
12-Aug-19 | Insurance | AV | 563 | 383.6500 | -2,172.25 | 7.88% | Routine Dividend Re-Investment
10-Jun-19 | Tobacco | IMB | 151 | 2,081.0000 | -3,159.52 | 9.30% | Routine Dividend Re-Investment

* - Historical Yields are calculated from the rolling sum of the last full year's dividends, as at the purchase date

Portfolio Transactions: Future Dividend Re-Investment Dates

Re-Investment of dividends for this Portfolio will be made on the 10th day of each month or, should that not be a market day, the first market day after the 10th day, just so long as a cash balance of at least £2,000.00 is available the day before. Therefore, based on current dividend expectations, the currently anticipated Re-Investment timetable going forward is as follows:

To Date   | Div Rec'd | Date      | Balance   | Re-Invest?
09-Mar-21 | 464.88 | 10-Mar-21 | 465.91 | N
09-Apr-21 | 1,449.71 | 12-Apr-21 | 1,915.62 | N
07-May-21 | 398.49 | 10-May-21 | 2,314.11 | Y
09-Jun-21 | 2,499.51 | 10-Jun-21 | 2,499.51 | Y
09-Jul-21 | 605.00 | 12-Jul-21 | 605.00 | N
09-Aug-21 | 553.64 | 10-Aug-21 | 1,158.64 | N
09-Sep-21 | 408.31 | 10-Sep-21 | 1,566.95 | N
08-Oct-21 | 1,793.58 | 11-Oct-21 | 3,360.53 | Y
09-Nov-21 | 1,358.02 | 10-Nov-21 | 1,358.02 | N
09-Dec-21 | 476.50 | 10-Dec-21 | 1,834.52 | N
07-Jan-22 | 705.05 | 10-Jan-22 | 2,539.57 | Y
09-Feb-22 | 687.40 | 10-Feb-22 | 687.40 | N

The next top-up will therefore be on 10 May 2021.

Portfolio Unitisation: Accumulation Units

Portfolio History | Date      | Unit Value | Unit P/L (£) | Unit P/L (%)
Start Value | 18-Mar-19 | 10.0000 | - | -

Minimum Value | 23-Mar-20 | 7.3250 | -2.6750 | -26.75%
Maximum Value | 27-Dec-19 | 11.6501 | 1.6501 | 16.50%
Current Value | 10-Feb-21 | 9.8365 | -0.1635 | -1.64%

Last 12 Months | Date | Unit Value | Unit P/L (£) | Unit P/L (%)
Start Value | 11-Feb-20 | 11.3515 | - | -

Minimum Value | 23-Mar-20 | 7.3250 | -4.0265 | -35.47%
Maximum Value | 12-Feb-20 | 11.4294 | 0.0779 | 0.69%
Current Value | 10-Feb-21 | 9.8365 | -1.5150 | -13.35%


Portfolio Unitisation: Dividend Units

Portfolio History | Date      | Unit Value | Unit P/L (£) | Unit P/L (%)
Start Value | 18-Mar-19 | 10.0000 | - | -

Minimum Value | 23-Mar-20 | 6.9536 | -3.0464 | -30.46%
Maximum Value | 27-Dec-19 | 11.1417 | 1.1417 | 11.42%
Current Value | 10-Feb-21 | 8.9498 | -1.0502 | -10.50%

Last 12 Months | Date | Unit Value | Unit P/L (£) | Unit P/L (%)
Start Value | 11-Feb-20 | 10.8048 | - | -

Minimum Value | 23-Mar-20 | 6.9536 | -3.8512 | -35.64%
Maximum Value | 12-Feb-20 | 10.8789 | 0.0741 | 0.69%
Current Value | 10-Feb-21 | 8.9498 | -1.8550 | -17.17%


Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=24257

The intention is to keep this thread simply recording the history of the Portfolio


Enjoy!


Ian

IanTHughes
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PYAD HYP 2019_04 REINVEST – Year Two

#401495

Postby IanTHughes » April 3rd, 2021, 9:06 pm

Year Two – End of Year - 05 April 2021

This is the second annual report on the HYP originally constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140 which has been subsequently managed, by myself, as if an HYPer were still building an income pot by the re-investment of all dividends received.

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

Current Portfolio: Holdings

EPIC | Company                  | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) | P/L (£)      | Ex-Div (£) | Div Rec'd (£) | To-Date(£) | Overall (£) | Yield (%) * | Year Div (£)
IMB | Imperial Brands | 1,139 | 23,765.53 | 1,488.5000 | 16,954.02 | 6.29% | -6,811.51 | 0.00 | 2,831.37 | 2,831.37 | -3,980.14 | 9.25% | 1,568.51
MNG | M & G PLC | 1,166 | 2,189.32 | 209.4000 | 2,441.60 | 0.91% | 252.28 | 142.60 | 0.00 | 142.60 | 394.88 | 8.71% | 212.56
BATS | British American Tobacco | 211 | 6,015.65 | 2,715.5000 | 5,729.71 | 2.13% | -285.94 | 113.72 | 551.00 | 664.72 | 378.78 | 7.94% | 454.91
GSK | GlaxoSmithKline | 941 | 14,999.37 | 1,277.6000 | 12,022.22 | 4.46% | -2,977.15 | 216.43 | 1,289.17 | 1,505.60 | -1,471.55 | 6.26% | 752.80
VOD | Vodafone Group | 10,077 | 14,998.48 | 133.6600 | 13,468.92 | 5.00% | -1,529.56 | 0.00 | 1,570.34 | 1,570.34 | 40.78 | 5.76% | 775.34
BHP | BHP Group | 838 | 14,992.51 | 2,068.0000 | 17,329.84 | 6.43% | 2,337.33 | 0.00 | 1,908.57 | 1,908.57 | 4,245.90 | 5.47% | 947.85
BP | BP | 1,347 | 7,496.10 | 289.8000 | 3,903.61 | 1.45% | -3,592.49 | 0.00 | 706.67 | 706.67 | -2,885.82 | 5.25% | 205.08
AV | Aviva | 4,820 | 19,699.29 | 409.1000 | 19,718.62 | 7.32% | 19.33 | 0.00 | 1,780.27 | 1,780.27 | 1,799.60 | 5.13% | 1,012.20
SLA | Standard Life Aberdeen | 6,389 | 17,397.08 | 293.9000 | 18,777.27 | 6.97% | 1,380.19 | 0.00 | 2,568.64 | 2,568.64 | 3,948.83 | 4.97% | 932.79
HSBA | HSBC Holdings | 2,425 | 14,998.27 | 423.2000 | 10,262.60 | 3.81% | -4,735.67 | 263.74 | 573.99 | 837.73 | -3,897.94 | 4.88% | 501.10
IGG | IG Group Holdings | 2,762 | 14,999.32 | 909.5000 | 25,120.39 | 9.32% | 10,121.07 | 0.00 | 2,386.34 | 2,386.34 | 12,507.41 | 4.75% | 1,193.18
BA | BAE Systems | 3,043 | 14,995.20 | 510.4000 | 15,531.47 | 5.76% | 536.27 | 0.00 | 1,393.68 | 1,393.68 | 1,929.95 | 4.64% | 721.18
RDSB | Royal Dutch Shell | 457 | 9,626.22 | 1,335.4000 | 6,102.78 | 2.27% | -3,523.44 | 0.00 | 672.25 | 672.25 | -2,851.19 | 3.77% | 229.95
LAND | Land Securities Group | 818 | 7,499.19 | 701.6000 | 5,739.09 | 2.13% | -1,760.10 | 0.00 | 432.29 | 432.29 | -1,327.81 | 3.42% | 196.32
BLND | British Land Company | 1,273 | 7,494.24 | 509.6000 | 6,487.21 | 2.41% | -1,007.03 | 0.00 | 408.80 | 408.80 | -598.23 | 3.30% | 213.86
SMDS | DS Smith | 4,310 | 14,997.11 | 413.6000 | 17,826.16 | 6.62% | 2,829.05 | 0.00 | 698.22 | 698.22 | 3,527.27 | 2.90% | 517.20
WPP | WPP | 1,780 | 14,997.55 | 934.0000 | 16,625.20 | 6.17% | 1,627.65 | 0.00 | 1,246.00 | 1,246.00 | 2,873.65 | 2.57% | 427.20
PNN | Pennon Group | 1,975 | 16,014.00 | 981.2000 | 19,378.70 | 7.19% | 3,364.70 | 0.00 | 998.15 | 998.15 | 4,362.85 | 2.22% | 431.04
IBST | Ibstock | 5,849 | 14,999.47 | 222.0000 | 12,984.78 | 4.82% | -2,014.69 | 0.00 | 859.79 | 859.79 | -1,154.90 | 0.72% | 93.58
ITV | ITV | 11,652 | 14,999.08 | 121.8000 | 14,192.14 | 5.27% | -806.94 | 0.00 | 932.15 | 932.15 | 125.21 | 0.00% | 0.00
CCL | Carnival Corporation | 384 | 14,979.79 | 1,625.8000 | 6,243.07 | 2.32% | -8,736.72 | 0.00 | 610.18 | 610.18 | -8,126.54 | 0.00% | 0.00
| | | | | | | | | | | | |
| Sub Total: | | | | £266,839.40 | 99.02% | -£15,313.37 | £736.49 | | | | 4.27% | £11,386.65
| Cash Balance: | | | | £1,912.56 | 0.71% | | | | | | |
| Ex-Dividend: | | | | £736.49 | 0.27% | | | | | | |
| | | | | | | | | | | | |
| Current Portfolio Value: | | | | £269,488.45 | | | | | | | |
| From: | | | | | | | | | | | |
| Cash In: | | | | £254,904.77 | | | | | | | |
| LESS Cash Out: | | | | £0.00 | | | | | | | |
| Dividends Received: | | | | £24,972.27 | | | | | | | |
| Ex-Dividend: | | | | £736.49 | | | | | | | |
| Realised Profit/Loss: | | | GNK | £4,188.29 | | | | | | | |
| Un-Realised Profit/Loss: | | | | -£15,313.37 | | | | | | | |
| | | | | | XIRR | | | | | | |
| Total: | | | | £269,488.45 | 2.76% | | | | | | |

With the breakdown by Business, by decreasing value, as follows:

Business       | Cost (£)   | Value (£)  | Value (%) | P/L (£)    | Ex-Div (£) | Div Rec'd (£) | Total Inc (£) | Overall (£) | Yield (%) * | Year Inc (£)
Gambling | 14,999.32 | 25,120.39 | 9.32% | 10,121.07 | 0.00 | 2,386.34 | 2,386.34 | 12,507.41 | 4.75% | 1,193.18
Tobacco | 29,781.18 | 22,683.73 | 8.42% | -7,097.45 | 113.72 | 3,382.37 | 3,496.09 | -3,601.36 | 8.92% | 2,023.42
Fund Manager | 19,586.40 | 21,218.87 | 7.87% | 1,632.47 | 142.60 | 2,568.64 | 2,711.24 | 4,343.71 | 5.40% | 1,145.35
Insurance | 19,699.29 | 19,718.62 | 7.32% | 19.33 | 0.00 | 1,780.27 | 1,780.27 | 1,799.60 | 5.13% | 1,012.20
Water | 16,014.00 | 19,378.70 | 7.19% | 3,364.70 | 0.00 | 998.15 | 998.15 | 4,362.85 | 2.22% | 431.04
Packaging | 14,997.11 | 17,826.16 | 6.61% | 2,829.05 | 0.00 | 698.22 | 698.22 | 3,527.27 | 2.90% | 517.20
Mining | 14,992.51 | 17,329.84 | 6.43% | 2,337.33 | 0.00 | 1,908.57 | 1,908.57 | 4,245.90 | 5.47% | 947.85
Advertising | 14,997.55 | 16,625.20 | 6.17% | 1,627.65 | 0.00 | 1,246.00 | 1,246.00 | 2,873.65 | 2.57% | 427.20
Weapons | 14,995.20 | 15,531.47 | 5.76% | 536.27 | 0.00 | 1,393.68 | 1,393.68 | 1,929.95 | 4.64% | 721.18
Television | 14,999.08 | 14,192.14 | 5.27% | -806.94 | 0.00 | 932.15 | 932.15 | 125.21 | 0.00% | 0.00
Mobile Tel | 14,998.48 | 13,468.92 | 5.00% | -1,529.56 | 0.00 | 1,570.34 | 1,570.34 | 40.78 | 5.76% | 775.34
Bricks | 14,999.47 | 12,984.78 | 4.82% | -2,014.69 | 0.00 | 859.79 | 859.79 | -1,154.90 | 0.72% | 93.58
Real Estate IT | 14,993.43 | 12,226.30 | 4.54% | -2,767.13 | 0.00 | 841.09 | 841.09 | -1,926.04 | 3.35% | 410.18
Pharma | 14,999.37 | 12,022.22 | 4.46% | -2,977.15 | 216.43 | 1,289.17 | 1,505.60 | -1,471.55 | 6.26% | 752.80
Banks | 14,998.27 | 10,262.60 | 3.81% | -4,735.67 | 263.74 | 573.99 | 837.73 | -3,897.94 | 4.88% | 501.10
Oil | 17,122.32 | 10,006.39 | 3.71% | -7,115.93 | 0.00 | 1,378.92 | 1,378.92 | -5,737.01 | 4.35% | 435.03
Cruising | 14,979.79 | 6,243.07 | 2.32% | -8,736.72 | 0.00 | 610.18 | 610.18 | -8,126.54 | 0.00% | 0.00


* - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

Further, in view of all the recent dividend suspensions/cancellations, the above Year Div (£) columns should be treated as speculative.

Portfolio Transactions: Year Two

Date      | Business     | EPIC | Shares | Price (p)   | Total (£)  | Yield (%) | Comment                       
10-Feb-21 | Fund Manager | MNG | 1,166 | 186.7018 | -2,189.32 | 9.60% | Routine Dividend Re-Investment
10-Nov-20 | Tobacco | IMB | 226 | 1,309.5245 | -2,975.83 | 14.18% | Routine Dividend Re-Investment
10-Sep-20 | Tobacco | IMB | 194 | 1,354.0000 | -2,641.39 | 13.72% | Routine Dividend Re-Investment
14-Apr-20 | Oil | RDSB | 148 | 1,440.8139 | -2,144.56 | 10.05% | Routine Dividend Re-Investment


Portfolio Income: Year Two

Date      | Epic | Name                     | Shares | Dividend | Amount  
01-Apr-21 | PNN | Pennon Group | 1,975 | 6.7700 | 133.70
31-Mar-21 | IMB | Imperial Brands | 1,139 | 48.0100 | 546.83
30-Mar-21 | LAND | Land Securities Group | 818 | 6.0000 | 49.08
29-Mar-21 | RDSB | Royal Dutch Shell | 457 | 11.9600 | 54.65
26-Mar-21 | BP | BP | 1,347 | 3.7684 | 50.76
23-Mar-21 | BHP | BHP Group | 838 | 73.1089 | 611.63
25-Feb-21 | IGG | IG Group Holdings | 2,762 | 12.9600 | 357.95
19-Feb-21 | BLND | British Land Company | 1,273 | 8.4000 | 106.93
05-Feb-21 | VOD | Vodafone Group | 10,077 | 3.9810 | 401.16
03-Feb-21 | BATS | British American Tobacco | 211 | 52.6000 | 110.98
21-Jan-21 | AV | Aviva | 4,820 | 7.0000 | 337.40
14-Jan-21 | GSK | GlaxoSmithKline | 941 | 19.0000 | 178.79
04-Jan-21 | LAND | Land Securities Group | 818 | 12.0000 | 98.16
31-Dec-20 | IMB | Imperial Brands | 1,139 | 48.0000 | 546.72
18-Dec-20 | BP | BP | 1,347 | 3.9169 | 52.76
16-Dec-20 | RDSB | Royal Dutch Shell | 457 | 12.4800 | 57.03
30-Nov-20 | BA | BAE Systems | 3,043 | 9.4000 | 286.04
12-Nov-20 | BATS | British American Tobacco | 211 | 52.6000 | 110.98
06-Nov-20 | WPP | WPP | 1,780 | 10.0000 | 178.00
22-Oct-20 | IGG | IG Group Holdings | 2,762 | 30.2400 | 835.22
08-Oct-20 | GSK | GlaxoSmithKline | 941 | 19.0000 | 178.79
30-Sep-20 | IMB | Imperial Brands | 719 | 20.8500 | 149.91
29-Sep-20 | SLA | Standard Life Aberdeen | 6,389 | 7.3000 | 466.39
25-Sep-20 | BP | BP | 1,347 | 4.0433 | 54.46
24-Sep-20 | AV | Aviva | 4,820 | 6.0000 | 289.20
22-Sep-20 | BHP | BHP Group | 838 | 42.1085 | 352.86
21-Sep-20 | RDSB | Royal Dutch Shell | 457 | 12.0900 | 55.25
14-Sep-20 | BA | BAE Systems | 3,043 | 13.8000 | 419.93
02-Sep-20 | PNN | Pennon Group | 1,975 | 30.1100 | 594.67
19-Aug-20 | BATS | British American Tobacco | 211 | 52.6000 | 110.98
07-Aug-20 | VOD | Vodafone Group | 10,077 | 4.0797 | 411.11
09-Jul-20 | GSK | GlaxoSmithKline | 941 | 19.0000 | 178.79
30-Jun-20 | IMB | Imperial Brands | 719 | 20.8500 | 149.91
22-Jun-20 | RDSB | Royal Dutch Shell | 457 | 12.6800 | 57.94
19-Jun-20 | BP | BP | 1,347 | 8.3421 | 112.36
19-May-20 | SLA | Standard Life Aberdeen | 6,389 | 14.3000 | 913.62
13-May-20 | BATS | British American Tobacco | 211 | 52.6000 | 110.98
09-Apr-20 | GSK | GlaxoSmithKline | 941 | 23.0000 | 216.43

| | | | Total | 9,928.35


Dividends Received: Quarterly To-Date

Year Start | 05 Jul    | 05 Oct    | 05 Jan    | 05 Apr    | Total      
06-Apr-19 | 3,919.13 | 4,671.85 | 3,748.91 | 2,704.03 | £15,043.92
06-Apr-20 | 1,561.24 | 3,083.55 | 2,343.70 | 2,939.86 | £9,928.35

Seven of the original holdings were already Ex-Dividend on purchase, meaning that the income received during the first year did not represent a full year.

Portfolio Income: Diversification by Industry, Business and Holding

Image

Capital Value: Quarterly To-Date

Year Start | 05 Jul      | 05 Oct      | 05 Jan      | 05 Apr     
06-Apr-19 | 259,509.36 | 261,593.22 | 296,020.32 | 197,839.92
06-Apr-20 | 226,071.10 | 217,987.76 | 250,944.78 | 269,488.45


Everything was going quite well until the Covid-19 virus struck. Another year on and there has been some improvement, but the Capital Value is still well down on the level achieved on the 5 January 2020, just before the ravages of Covid-19.

Portfolio Capital: Diversification by Industry, Business and Holding

Image

Expected Top-Up Dates and Amounts: Year Three

Dividends received for this Portfolio are invested in further holdings on the 10th day of each month or, should that not be a market day, the first market day after the 10th day, just so long as a cash balance of at least £2,000.00 is available the day before. Therefore, based on current dividend expectations, the anticipated Top-Up timetable going forward is as follows:

To Date   | Div Rec'd | Date      | Balance   | Re-Invest?
09-Apr-21 | 1,663.08 | 12-Apr-21 | 2,128.99 | Y
07-May-21 | 578.74 | 10-May-21 | 578.74 | N
09-Jun-21 | 1,783.63 | 10-Jun-21 | 2,362.37 | Y
09-Jul-21 | 604.14 | 12-Jul-21 | 853.34 | N
09-Aug-21 | 792.88 | 10-Aug-21 | 1,397.02 | N
09-Sep-21 | 411.05 | 10-Sep-21 | 1,808.07 | N
08-Oct-21 | 1,861.14 | 11-Oct-21 | 3,669.21 | Y
09-Nov-21 | 1,358.02 | 10-Nov-21 | 1,358.02 | N
09-Dec-21 | 478.88 | 10-Dec-21 | 1,836.90 | N
07-Jan-22 | 704.55 | 10-Jan-22 | 2,541.45 | Y
09-Feb-22 | 566.46 | 10-Feb-22 | 680.18 | N
09-Mar-22 | 578.60 | 10-Mar-22 | 1,145.06 | N

The next top-up will therefore be on 12 Apr 2021 which, because it is into Year Three of this virtual HYP, will be posted on a new Year Three thread.

Portfolio Capital Value: History

For those who are fascinated by the meanderings of the Capital Value, the following more detailed view of low and high values might be of interest:

Portfolio History | Date      | Cash Value  | P/L (£)     | P/L (%)
Start Value | 18-Mar-19 | 254,904.77 | |
Minimum Value | 23-Mar-20 | 186,405.36 | -68,499.41 | -26.87%
Maximum Value | 27-Dec-19 | 296,970.45 | 42,065.68 | 16.50%
Current Value | 05-Apr-21 | 269,488.45 | 14,583.68 | 5.72%

Last 12 Months | Date | Cash Value | P/L (£) | P/L (%)
Start Value | 02-Apr-20 | 201,425.77 | |
Minimum Value | 03-Apr-20 | 198,056.35 | -3,369.42 | -1.67%
Maximum Value | 30-Mar-21 | 269,989.42 | 68,563.65 | 34.04%
Current Value | 05-Apr-21 | 269,488.45 | 68,062.68 | 33.79%

Comparison to Other Income Investments

Over the history of this “Virtual” HYP, I have also kept records of what would have happened had the “Virtual” funds been invested elsewhere, with the same aim of drawing income. The following charts show a comparison with this “Virtual” HYP:

CTY = The City of London Investment Trust plc
EDIN = Edinburgh Investment Trust Plc
HHI = Henderson High Income Trust
JCH = JPMorgan Claverhouse Investment Trust plc

Price details are taken from Yahoo. For example: https://finance.yahoo.com/quote/JCH.L?p=JCH.L
Dividend details are taken from Dividend Max. For example: https://www.dividendmax.com/united-king ... /dividends

Annual Income: HYP Compared with Various Other Income Investments

During this second year, the HYP’s Income is lower than the chosen alternatives!

Image

Average Annual Income: HYP Compared with Various Other Income Investments

Because of the income received during the first year, the HYP’s Average Annual Income for the two years is still ahead of the chosen alternatives, with of course one notable exception.

Image

Annual Value: HYP Compared with Various Other Income Investments

During this admittedly short period of two years, HYP’s capital values have basically aligned with those recorded for the chosen alternatives.

Image

Please note that the above three charts are for interest and information only. It is not my intention to further discuss the effectiveness of HYP, or indeed any other Income Investment, on this thread or indeed on this board!


Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?p=323790#p323790

The intention is to keep this thread simply recording the history of the Portfolio

However please note, if you wish to discuss further the comparison of this “Virtual” HYP with other “Virtual” Investment Trust Investments, please do so, but on a more appropriate board.



Enjoy!


Ian
Last edited by csearle on April 4th, 2021, 12:19 pm, edited 1 time in total.
Reason: OP request

IanTHughes
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Re: PYAD HYP 2019_04 REINVEST – Year Two

#401602

Postby IanTHughes » April 4th, 2021, 11:35 am

***LINK CORRECTION***

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?p=379979#p379979

Error number two! Sorry about that :oops:


Ian

IanTHughes
Lemon Quarter
Posts: 1789
Joined: May 2nd, 2018, 12:01 pm
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Re: PYAD HYP 2019_04 REINVEST – Year Two

#403018

Postby IanTHughes » April 9th, 2021, 9:14 pm

Year Three is underway.

Top Ups and other management decisions for Year Three can be found here: viewtopic.php?f=15&t=28870

Year Three Commentary can be found here: viewtopic.php?f=15&t=28869


Ian


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