Monthly Archives: October 2017

UK Mortgages PLC October Dividend

UK Mortgages PLC, an investment fund that buys residential mortgages, managed by TwentFour Asset Management pays out its quarterly dividend.

https://twentyfouram.com/funds/uk-mortgages-fund/

The dividend is 1.5p a share on the 31st October (today)

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/UKML/13393822.html

250,000,000 shares in issue:

Thus:

£0.015 x 250,000,000 = £3,750,000.00

That is £3.75million in dividends.

http://content.prnewswire.com/documents/PRNUK-1509171649-CA52_UKML_Factsheet_-_July_2017_CC.pdf

Standard Life Aberdeen Debt

The newly merged company, of Standard Life and Aberdeen Asset Management has issued debt to fund its business

https://www.standardlifeaberdeen.com/

Various debt instruments are issued (bonds)

https://www.standardlifeaberdeen.com/investors/for-debt-investors

 

Issuer Guarantor Instrument rating Nominal Issue Date First Call Date Maturity Coupon
Standard Life plc Standard Life Assurance Ltd A3 / A- / – £500m July 2002 July 2027 PerpNC25 6.75%
Standard Life plc Standard Life Assurance Ltd Baa1 / A- / – £300m November 2004 January 2020 PerpNC15 6.546%
Standard Life plc Baa1/ BBB+ / – £500m December 2012 December 2022 30NC10 5.5%
Aberdeen Asset Management plc – / – / BBB $500m March 2013 March 2018 PerpNC5 7.0%

 

Issuer / Bond Launch Date Size Historical Prospectus
Standard Life plc July 2002 £500m Offering Circular for Standard Life plc (GBP) – Jul-02 – (335KB)
Standard Life plc November 2004 £300m Offering Circular for Standard Life plc (GBP) – Nov-04 – (431KB)
Standard Life plc December 2012 £500m Drawdown Prospectus – (410KB)

Final Terms – (86KB)

Aberdeen Asset Management plc March 2013 $500m Prospectus for Aberdeen Asset Management plc 7% Perpetual Cumulative Capital Notes – (328KB)

 

 

 

 

 

 

 

 

Wealthify

The FinTech sector has loads of new companies offering financial solutions to the time poor who can now use automated systems to buy investments.

https://www.wealthify.com/

is a new one that has just been taken over by Aviva PLC

https://www.aviva.com/media/news/item/aviva-to-make-strategic-investment-in-wealthify-17830/

Platforms like Wealthify are “Robot Investors” that invest client money into collective investments like Unit Trusts, and use various different types of asset classes and different types of funds

They spread the risk over these types of assets:-

Alternatives – 7%
Cash – 2%
Commodities – 11%
Corporate Bonds – 6%
Government Bonds – 12%
Property – 4%
Shares – 58%

Funds from investment companies such as:

Vanguard
Aberdeeen Asset Management
Henderson Janus
Fidelity
Legal and General
Blackrock
iShares

Standard Life Aberdeen Dividend

Yesterday, Standard Life Aberdeen paid out its maiden dividend.

https://www.standardlifeaberdeen.com/

This is the merger of Aberdeen Asset Management and Standard Life

The dividend is 7p per share.

https://otp.tools.investis.com/clients/uk/standard_life/rns/regulatory-story.aspx?cid=65&newsid=936066

The total number of voting rights in the Company, as at 29 September 2017, is therefore 2,977,315,478.

Thus:-

2,977,315,478 x £0.07 = £208,412,083.46

That is £208m

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=186960

The Supermarket Income REIT plc

The Supermarket Income REIT plc is a London Listed investment trust owning Supermarket real estate, that it gets an income from the rent the supermarket pays.

https://www.supermarketincomereit.com/

Currently they own 3 supermarkets:

https://www.supermarketincomereit.com/portfolio-overview

Sainsbury’s, Ashford, Address: Simone Weil Ave, Ashford TN24 8YN
[Supermarket Income REIT acquired the property in August 2017 for £80.0 million, reflecting a net initial yield of 4.5%]

Tesco, Thetford, Address: Kilverstone, Thetford, Norfolk IP24 2RL
[Supermarket Income REIT acquired the property in August 2017 for £43.2 million, reflecting a net initial yield of 5.4% or 5.6% after the agreed RPI-linked rent review in December 2017.]

Tesco, Bristol, Address: Lime Trees Rd, Bristol BS6 7XW
[Supermarket Income REIT acquired the property in August 2017 for £28.5 million, reflecting a net initial yield of 4.9%. ]

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=54589400

£99m market capitalisation

http://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/SUPR/13378063.html

A dividend declared of 1.375p. They plan a quarterly dividend.

GSK GlaxoSmithKline October Dividend

On Tuesday 12th Oct, GlaxoSmithKline paid out its October dividend to shareholders.

www.gsk.com

The dividend was 19p per share.

What did this cost GSK plc ?

http://otp.investis.com/clients/uk/GlaxoSmithKline2/rns_new/regulatory-story.aspx?cid=410&newsid=935732

The total number of voting rights in the Company is 4,918,631,170

Thus:-

4,918,631,170 x £0.19 = £934,539,922.30

That is £934m

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=10042

5% yield.

The Henderson Alternative Strategies Trust

The Henderson Alternative Strategies Trust PLC is a London listed £115m Investment Trust.

https://www.janushenderson.com/ukpi/fund/320

Managed by Henderson Janus, it invests in diversified, international, multi-strategy portfolio which offers access also to specialist funds including hedge and private equity

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=13411

It’s top ten holdings are:

5.9% Blackrock European Hedge Fund
5.1% Ceiba Investment Ltd
4.9% Riverstone Energy
4.7% Schroder Gaia Indus Pacific Choice
4.6% Mantra Investissement
4.0% Majedie Tortoise Investmetn
3.9% Baring Vostock Inv PCC Core
3.9% Summit Germany
3.8% Helium Fund Select S
3.7% Gensis Emerging Markets

What is interesting is this:

Shareprice = £2.95
Asset Price = £3.30

Thus you are able to buy assets worth £3.30 for £2.95…… that is a  big discount.

HM Government Borrowing: September 2017

Another month, guess what, take a lucky guess, it is the same old story, HM Government, spends more money than it receives via taxes and duties. Another deficit month, thus to bridge the gap, needs to borrow on the bond market.

In September 2017, the HM Government had to borrow money to meet the difference between tax revenues and public sector expenditure. The term for this is The PSNCR: The Public Sector Net Cash Requirement.

There were “only” 3 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office (http://www.dmo.gov.uk/) to raise cash for HM Treasury:-

27-Sep-2017 0 1/8% Index-linked Treasury Gilt 2036 £950.0000 Million
19-Sep-2017 1½% Treasury Gilt 2047 £2,500.0000 Million
13-Sep-2017 1¼% Treasury Gilt 2027 £2,500.0000 Million

When you add the cash raised:-

(£950.0000  Million + £2,500.0000 Million + £2,500.0000 Million) =  £5,950 Million
Million

£5,950 Million Million  = £5.950 Billion

On another way of looking at it, is in the 30 days in June, HM Government borrowed:-

£198 million each day for the 30 days.

We are fortunate, while the global banking and financial markets still has the confidence in HM Government to buy the Gilts (Lend money to the UK), the budget deficit keeps rising. What is also alarming, is the dates these bond mature 2027, 2036 and 2047. All long term borrowings, we are mortgaging our futures, but at least “We Are In It Together….

The Astra Zeneca Dividend.

The FTSE-100 Pharma Company Astra Zeneca paid out its September Dividend.

http://www.astrazeneca.com/

68.9p per share.

https://www.astrazeneca.com/investor-relations/Stock-exchange-announcements/transparency-directive-voting-rights-and-capital-01082017.html

The total number of voting rights in AstraZeneca PLC is 1,265,794,991

Thus:-

1,265,794,991 x £0.689 per share = £872,132,748.80

That is £872million

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?username=&ac=&csi=10009&record_search=1&search_phrase=az

A yield of over 4.7%

The FTSE-100 Sectors

FTSE 100 Index is a market-capitalisation weighted index of UK-listed blue chip companies.

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=50058

It is made up of these sectors:

Oil & Gas 3 Companies who total market capitalisation is £261,815 Million 13.71% of the FTSE-100
Chemicals 2 Companies who total market capitalisation is £10,113 Million 0.53% of the FTSE-100
Basic Resources 8 Companies who total market capitalisation is £154,949 Million 8.12% of the FTSE-100
Construction & Materials 1 Company who total market capitalisation is £22,673 Million 1.19% of the FTSE-100
Industrial Goods & Services 15 Companies who total market capitalisation is £128,229 Million 6.72% of the FTSE-100
Automobiles & Parts 1 Company who total market capitalisation is £5,467 Million 0.29% of the FTSE-100
Food & Beverage 3 Companies who total market capitalisation is £80,680 Million 4.23% of the FTSE-100
Personal & Household Goods 8 Companies who total market capitalisation is £269,391 Million 14.11% of the FTSE-100
Health Care 6 Companies who total market capitalisation is £184,553 Million 9.67% of the FTSE-100
Retail 6 Companies who total market capitalisation is £41,454 Million 2.17% of the FTSE-100
Media 6 Companies who total market capitalisation is £61,907 Million 3.24% of the FTSE-100
Travel & Leisure 9 Companies who total market capitalisation is £77,673 Million 4.07% of the FTSE-100
Telecommunications 2 Companies who total market capitalisation is £83,413 Million 4.37% of the FTSE-100
Utilities 5 Companies who total market capitalisation is £70,410 Million 3.69% of the FTSE-100
Banks 5 Companies who total market capitalisation is £257,187 Million 13.47% of the FTSE-100
Insurance 8 Companies who total market capitalisation is £115,197 Million 6.03% of the FTSE-100
Real Estate 4 Companies who total market capitalisation is £23,751 Million 1.24% of the FTSE-100
Financial Services 7 Companies who total market capitalisation is £47,625 Million 2.49% of the FTSE-100
Technology 2 Companies who total market capitalisation is £12,521 Million 0.66% of the FTSE-100

Totals 101 Companies, total vaue £1,909,009 Million 100.00% of the FTSE 100 Index.

That is £1.9 Trillion.