Monthly Archives: June 2018

The Diverse Income Trust plc

The The Diverse Income Trust plc is a London Listed £400 investment trust.

https://www.mitongroup.com/private/fund/the-diverse-income-trust-plc/

The Company invests primarily in quoted or traded UK companies with a wide range of market capitalisations, but a long-term bias toward small and medium sized companies. The Company may also invest in large companies, including FTSE 100 Index constituents

Top 20 Holdings are:-

Zotefoams plc 2.2% of the fund
2.Stobart Group Ltd 2.1% of the fund
3.Charles Taylor plc 2.0% of the fund
4.SafeCharge International Group Ltd 1.8% of the fund
5.Amino Technologies 1.6% of the fund
6.A&J Mucklow Group plc 1.5% of the fund
7.Royal Dutch Shell plc* 1.4% of the fund
8.Randall & Quilter Investment Holdings 1.3% of the fund
9.CML Microsystems plc 1.3% of the fund
10.K3 Capital Group plc 1.3% of the fund
11.FTSE Put Option 20/09/19 1.3% of the fund
12.International Greetings plc 1.2% of the fund
13.Smurfit Kappa Group plc 1.2% of the fund
14.PJSC Polyus GDR 1.2% of the fund
15.Sainsbury plc 1.2% of the fund
16.Aviva plc 1.2% of the fund
17.Rio Tinto plc 1.2% of the fund
18.Morses Club plc 1.2% of the fund
19.BP plc 1.1% of the fund
20.Legal & General Group plc 1.1% of the fund

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=2543596&action=

A 2.8% yield.

The EP Global Opportunities Trust plc

The EP Global Opportunities Trust plc is a £130m London listed investment.

https://www.edinburghpartners.com/investment-trusts/ep-global-opportunities-trust-plc/documents

The Company’s objective is to provide Shareholders with an attractive real long-term total return by investing globally in undervalued securities.
Top 10 Holdings

Roche Holdings Health Care 3.3% of the fund
Astrazeneca Health Care 3.2% of the fund
BP Oil & Gas 3.1% of the fund
Tesco Retail 3.1% of the fund
Verizon Communications Inc Telecoms 3.0% of the fund
Sumitomo Mitsui Trust Banks 2.9% of the fund
Panasonic Personal & Household Goods 2.9% of the fund
ENI Oil & Gas 2.9% of the fund
Total Oil & Gas 2.7% of the fund
Sumitomo Mitsui Financial Group Banks 2.7% of the fund

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=54096

Assets of The TwentyFour Select Monthly Income Fund

TwentyFour Select Monthly Income Fund is a London listed closed-ended fund which is designed to take advantage of the premium returns available from “less liquid” instruments across the debt spectrum.

https://twentyfouram.com/funds/twentyfour-select-monthly-income-fund/

It’s top ten holdings are:-

NATIONWIDE BLDG 10.25 PERP Banks 3.72% of whole fund
BRACKEN MIDCO 10.5 15/11/2021 High Yield – EU 2.63% of whole fund
SHAWBROOK GROUP 7.875 PERP Banks 2.54% of whole fund
COVENTRY BDG SOC 6.375 PERP Banks 2.28% of whole fund
SANTANDER UK PLC 10.375 PERP Banks 2.15% of whole fund
ALDERMORE 11.875 PERP Banks 1.83% of whole fund
ARBR 3X FR ABS 1.68% of whole fund
OPTOM 3 MEZZ ABS 1.67% of whole fund
BANCO BILBAO VIZ 8.875 PERP Banks 1.63% of whole fund
CBFLU 1 MEZZ ABS 1.56% of whole fund

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=26656574

6.6% yield, paying 0.5p out a month.

 

BP’s June 2018 Quarterly Dividend.

Tomorrow, BP PLC one of the oil majors pays out its quarterly dividend of 7.4435p a share.

www.bp.com

What does this dividend cost ?

https://otp.investis.com/clients/uk/bp_plc/rns/regulatory-story.aspx?cid=233&newsid=1036742

The total number of voting rights in BP p.l.c. is 19,954,945,428

Thus:-19,954,945,428

19,954,945,428 x £0.074435 = £1,485,346,362.93

That is £1.485 Billion.

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?username=&ac=&csi=10022&record_search=1&search_phrase=bp

A yield of 5.1%

Shell’s Quarterly Dividend: June 2018

Tomorrow, Royal Dutch Shell pays out its quarterly dividend.

RDSA Royal Dutch Shell A  $0.47 (35.18p)
RDSB Royal Dutch Shell B  $0.47 (35.18p)

£0.3518 a share.

https://irssl.euroinvestor.com/asp/ir/IRM_Shell/ssl2017/NewsRead.aspx?storyid=13939519&ishtml=1

Royal Dutch Shell plc’s capital consists of 4,597,136,050 A shares and 3,745,486,731 B shares, each with equal voting rights.

Thus:

4,597,136,050 x £0.3518 = £1,617,272,462.39
3,745,486,731 x £0.3518 = £1,317,662,231.97
That is:-

£1,617,272,462.39 + 1,317,662,231.97 = £2,934,934,694.36

That is £2.934 Billion of cash.

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=133655
http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=133755

That is over a 5% yield.

ETFS Battery Value-Chain GO UCITS ETF

The ETFS Battery Value-Chain GO UCITS ETF is a London Listed Exchange Traded Fund

It is now known as the L&G Battery Value-Chain UCITS ETF

http://www.lgimetf.com/institutional/uk/en-gb/products/product/etfs-battery-value-chain-go-ucits-etf-batg-lse#6

The fund is investing in technology companies in the Battery sector. The ETFS Battery Value-Chain GO UCITS ETF (BATT) is designed to track the performance of the Solactive Battery Value-Chain Index.The Index aims to track the performance of a basket of stocks of companies that are providers of certain electro-chemical energy storage technologies and mining companies that produce metals used to manufacture batteries.

Ten Top Holdings

1 OROCOBRE LTD 4.39% of the fund
2 TOSHIBA CORP ORD 4.26% of the fund
3 TESLA INC 4.26% of the fund
4 NIDEC CORP ORD 4.25% of the fund
5 NEC CORP ORD 4.25% of the fund
6 GS YUASA CORP 4.17% of the fund
7 SONY CORP 4.14% of the fund
8 NISSAN MOTOR CO LTD ORD 4.11% of the fund
9 ENERSYS 3.91% of the fund
10 PANASONIC CORP 3.83% of the fund

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?username=&ac=&csi=54634582&record_search=1&search_phrase=batt

Investment: A Miracle Drug

I want to trip inside your head
Spend the day there
To hear the things you haven’t said
And see what you might see

I want to hear you when you call
Do you feel anything at all?
I want to see your thoughts take shape and walk right out

Freedom has a scent
Like the top of a newborn baby’s head

The songs are in your eyes
I see them when you smile
I’ve seen enough, I’m not giving up on a miracle drug

Of science and the human heart
There is no limit
There is no failure here, sweetheart
Just when you quit

I am you and you are mine
Love makes nonsense of space and time, will disappear
Love and logic keep us clear
Reason is on our side, love

The songs are in your eyes
I see them when you smile
I’ve had enough of romantic love
I’d give it up, yeah, I’d give it up
For a…

Legal & General May 2018 dividend.

Today, the Insurer and Investment Management giant, Legal and General paid out it’s June 2018 Dividend.

www.legalandgeneral.com

11.05p a share.

The total number of voting rights in the Company is 5,958,820,443

https://ir.euroinvestor.com/solutions/LegalAndGeneralGroup/3726/newsArticle.aspx?storyid=13904793

Thus:-

5,958,820,443 x £0.1105 = £658,449,658.95

that is £658million in cash.

http://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=10055&action=

5.7% yield.

HM Government Borrowings: May 2018

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 May 2018 , 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:-

24-May-2018 0 1/8% Index-linked Treasury Gilt 2036 3 months 1,146.8740 Million
09-May-2018 1 5/8% Treasury Gilt 2028 2,810.0810 Million
03-May-2018 0¾% Treasury Gilt 2023 3,427.0340 Million
When you add the cash raised:-

(£1,146.8740 Million + £2,810.0810 Million + £3,427.0340 Million) =  £7383.989 Million

£7383.989 Million = £7.383989 Billion

On another way of looking at it, is in the 31 days in May, HM Government borrowed:-

£238 million each day for the 31 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 2023, 2028 and 2036. All long term borrowings, we are mortgaging our futures, but at least “We Are In It Together….

Warren Buffet Quote.

Investors should be skeptical of history-based models. Constructed by a nerdy-sounding priesthood using esoteric terms such as beta, gamma, sigma and the like, these models tend to look impressive. Too often, though, investors forget to examine the assumptions behind the models. Beware of geeks bearing formulas.