Today, UK Mortgages PLC pays out its dividend. 1.125p a share
Now UKML has 273,000,000 shares in issue:
https://mma.prnewswire.com/media/950076/UKML_Factsheet___May_2019.pdf
Thus:- 273,000,000 x £0.01125 = £3,071,250
£3 million, a yield of 8.3%
Today, UK Mortgages PLC pays out its dividend. 1.125p a share
Now UKML has 273,000,000 shares in issue:
https://mma.prnewswire.com/media/950076/UKML_Factsheet___May_2019.pdf
Thus:- 273,000,000 x £0.01125 = £3,071,250
£3 million, a yield of 8.3%
The L&G Pharma Breakthrough UCITS ETF is an Exchange Traded Fund that owns shares in pharmaceutical companies, that looks for Long-term value in the pharmaceutical sub-sector that benefits from certain commercial and regulatory incentives.
It’s top ten holdings are:-
Array BioPharma 6.6% of the fund
PTC Therapeutics 4.2% of the fund
PharmaMar 4.0% of the fund
Grifols 3.7% of the fund
CSL 3.6% of the fund
Nippon Shinyaku 3.6% of the fund
Celgene 3.6% of the fund
Jazz Pharmaceuticals 3.4% of the fund
Novartis 3.3% of the fund
Ipsen 3.3% of the fund
https://www.shareshop.hsbc.co.uk/shareshop/security.cgi?csi=54634586&action=
Anheuser-Busch InBev is one of the largest drinks and brewing companies in the world.
The annual report makes interesting reading.
The debt mountain, could drive a sober person to drink. Debt Interest-bearing loans and borrowings $105,584 Million. That is $105 Billion. Interest payments (finance costs) known as “Interest expense” $4.141 Billion.
The Company aims to generate a regular and attractive level of income with low asset value volatility by investing in a diversified portfolio of public and private debt and debt-like instruments (‘Debt Instruments’), of which at least 70% will be investment grade
http://docs.mandg.com/MR/MandG_Credit-Income-Investment-Trust_Factsheet_GB_eng.pdf
Top 20 holdings:-
M&G European Loan Fund 8.41% of the fund
Cash 7.80% of the fund
HSBC Holdings Plc 1.92% of the fund
Project Gate 1.82% of the fund
Brass No 6 Plc Brass 6 1.76% of the fund
Warwick Finance Residential Mortgages No. One Plc Warw 1 1.53% of the fund
Silverstone Master Issuer Smi 18-1x 1.51% of the fund
Newday Partnership Funding Plc Ndpft 17-1 1.51% of the fund
Coventry Building Society 1.48% of the fund
Marstons Issuer Plc 1.38% of the fund
Castell Caste 18-1 1.34% of the fund
Charter Mortgage Funding CCMF 18-1 1.34% of the fund
Yorkshire Building Society 1.24% of the fund
Altice Luxembourg SA 1.22% of the fund
Paragon Mortgages Plc Pargn 25 1.20% of the fund
Imperial Brands Finance Plc 1.19% of the fund
Lloyds Banking Group Plc 1.19% of the fund
Sonovate Limited 1.17% of the fund
London and Quadrant Housing Trust Ltd 1.17% of the fund
Hammerson Plc 1.17% of the fund
Marks and Spencer PLC funding strategy is to ensure a mix of funding sources offering flexibility and cost effectiveness to match the requirements of the Group. Operating subsidiaries are financed by a combination of retained profits, bank borrowings, medium term notes, finance leases and committed bank facilities
Marks and Spencer has issued Medium Term Notes (MTN) as follows:
2019 £400m 6.125% Annually
2021 £300m 6.125% Annually
2023 £300m 3.000% Annually
2025 £400m 4.750% Annually
2037 US$300m (circa £240m) 7.125% Semi-annually
total debt (£400m + £300m + £300m + £400m + £240m) = £1,640m = £1.64bn
The national debt of the United States is the total debt, or unpaid borrowed funds, carried by the Federal Government of the United States As of June 2019, federal debt held by the public was $16.17 trillion and intragovernmental holdings were $5.86 trillion, for a total national debt of $22.03 trillion. intragovernmental holdings are primarily composed of the Medicare bills.
The UK national debt is the total amount of money the British government owes to the private sector and other purchasers of UK gilts.
In May 2019, UK public sector net debt was £1,806.1 billion equivalent to 82.9% of GDP
Yesterday 3i Infrastructure pays out it July dividend, Mon 8th July.
4.325p a share.
3i Infrastructure has 810,434,010 issued ordinary shares with voting rights.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/3IN/13586889.html
Thus: 810,434,010 x 4.325p = £35,051,270.9325 That is £35m
On Friday 5th July, HSBC Holdings has paid out its July dividend of US $0.10 = 7.8368p a share.
www.hsbc.com
The total number of voting rights in HSBC Holdings plc is 20,237,155,864.
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/HSBA/14129876.html
Thus: 20,237,155,864 x 7.8368p a share = £1,585,945,430.749952
That is £1.585945 Billion
A yield of 5.27%
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 June 2019 , 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” 5 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-
02-Jul-2019 0 5/8% Treasury Gilt 2025 £3,373.0970 Million
25-Jun-2019 1¾% Treasury Gilt 2049 £2,250.0000 Million
18-Jun-2019 0 7/8% Treasury Gilt 2029 £5,912.4990 Million
12-Jun-2019 0 1/8% Index-linked Treasury Gilt 2048 3 months £700.0000 Million
04-Jun-2019 1% Treasury Gilt 2024 £3,000.0000 Million
When you add the cash raised:-
(£3,373.0970 Million + £2,250.0000 Million + £5,912.4990 Million + £700.0000 Million + £3,000.0000 Million) = £15,235.596 Million
£15,235.596 Million = £15.235596 Billion
On another way of looking at it, is in the 30 days in June, HM Government borrowed:- £507.8532 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 2024, 2025, 2029, 2048 and 2049. All long term borrowings, we are mortgaging our futures, but at least “We Are In It Together….”