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Monthly Archives: October 2021
FTSE All-World High Dividend Yield UCITS ETF
The FTSE All-World High Dividend Yield UCITS ETF employs a passive management – or indexing – investment approach, through physical acquisition of securities, and seeks to track the performance of the FTSE All-World High Dividend Yield Index (the “Index”). The Index is comprised of large and mid-sized company stocks, excluding real estate trusts, in developed and emerging markets that pay dividends that are generally higher than average.
Number of stocks held: 1580 securities.
The BMO Managed Portfolio Trust PLC
The BMO Managed Portfolio Trust PLC is a ‘multi-manager’ investment trust, investing in a range of investment companies giving you exposure to different investment providers and markets within a single investment trust managed by BMO. : The objective for the Growth Portfolio is to provide growth shareholders with capital growth from a diversified portfolio of investment companies. The Growth Portfolio invests in a diversified portfolio of at least 25 investment companies that have underlying investment exposures across a range of geographic regions and sectors and the focus of which is to maximise total returns, principally through capital growth
https://www.londonstockexchange.com/stock/BMPG/bmo-managed-portfolio-trust-plc/company-page
Top Ten Equity Holdings
Monks Investment Trust 4.6% of the fund
Allianz Technology Trust 4.5% of the fund
Scottish Mortgage Investment Trust 4.3% of the fund
Polar Capital Technology Trust 3.7% of the fund
HgCapital Trust 3.6% of the fund
Chrysalis Investments 3.5% of the fund
Impax Environmental Markets 3.1% of the fund
Herald Investment Trust 3.0% of the fund
Mid Wynd International Investment Trust 2.8% of the fund
Fidelity Special Values 2.8% of the fund
Total 35.9% of the fund
Ray Dalio: CEO of Bridgewater Associates: How to invest in 2021 and 2022
HM Government Borrowings: September 2021
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.
Now we are in a Covid 19 world. UK’s HM Government needs to fund many new demands. [www.dmo.gov.uk]
https://www.dmo.gov.uk/dmo_static_reports/Gilt%20Operations.pdf
Another deficit month, thus to bridge the gap, needs to borrow on the bond market In September 2021, 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” 8 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-
28-Sep-2021 1¼% Treasury Gilt 2051 £2,000.0000 Million
22-Sep-2021 0 1/8% Index-Linked Treasury Gilt 2056 3 months £350.0000 Million
15-Sep-2021 0¼% Treasury Gilt 2031 £2,857.9160 Million
14-Sep-2021 0 3/8% Treasury Gilt 2026 £3,000.0000 Million
08-Sep-2021 0 1/8% Index-linked Treasury Gilt 2031 3 months £1,010.7250 Million
07-Sep-2021 0¼% Treasury Gilt 2025 £3,250.0000 Million
07-Sep-2021 1 5/8% Treasury Gilt 2071 £1,250.0000 Million
01-Sep-2021 0½% Treasury Gilt 2029 £2,859.0000 Million
Thus:-
£2,000.0000 Million+ £350.0000 Million + £2,857.9160 Million + £3,000.0000 Million + £3,250.0000 Million + £1,250.0000 Million + £2,859.0000 Million= £16,577.641 Million
£16,577.641 Million = £16.577641 Billion
On another way of looking at it, is in the 30 days in Sept 2021, HM Government borrowed:- £552.58803333333333333333333333333 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 from 2025 through to 2071. All long term borrowings, we are mortgaging our futures, but at least “We Are In It Together….”
L&G Cyber Security ETF
The L&G Cyber Security ETF investing in companies that are working in the in field of network and IT security.
The Legal and General Cyber Security ETF is rocketing in value.
Now trading at over £19 a share.
Top Ten holdings:-
Palo Alto Networks 3.6% of the fund
Fortinet 3.5% of the fund
Cyberark 3.4% of the fund
Avast 3.2% of the fund
Qualys 3.1% of the fund
Radware 3.1% of the fund
Cloudflare 3.0% of the fund
Trend Micro 3.0% of the fund
Cisco Systems 2.9% of the fund
Juniper Networks 2.8% of the fund
The Debt of AT&T and its Balance Sheet
AT&T, the US US phone and telecoms giant carries a lot of debt.
These are large debt numbers:
$179,783,248,238
That is $179 Billion of debt.
How we need to understand this figure.
It needs to repay $82.1bn in the next 12months (liabilities due in the next year).
It has cash reserves of $11.9bn (immediate liquidity)
It also has receivables of $20.1bn in the next 12months (money owed to AT&T).
It still carries a large level of debt.
https://investors.att.com/financial-reports/debt/debt-information
The cost of interest on this debt is about $8,048 million = $8.048 Billion
So while interest rates are low, paying $8bn on interest is quite manageable, when its turnover is $171,760 million = $171 Billion.
So the Debt to Revenue is at 4%.
Big numbers from American Telephone and Telegraph
https://www.stock-analysis-on.net/NYSE/Company/ATT-Inc/Analysis/Debt
Investment in Fraud: Elizabeth Holmes: The ‘Valley of Hype’ behind the rise and fall of Theranos
Investment in Water Conservation
The AXA ACT Framlington Clean Economy
The AXA ACT Framlington Clean Economy is a UK Unit Trust. The aim of this Fund is to: (i) provide long-term capital growth over a period of 5 years or more; and (ii) seek to achieve sustainable investment objective, in line with a responsible investment approach.
The Fund invests at least 80% of its assets in shares of listed companies of any size which are based anywhere in the world and which the fund manager believes will generate both above-average returns and a positive and measurable impact on environmental, social and governance (ESG) factors.In selecting shares, the fund manager applies AXA IM Group’s sector specific investment guidelines relating to responsible investment to the Fund.
Portfolio Analysis: Top 10 Holdings
Ameresco Inc 3.78% of the fund
NextEra Energy Inc 3.38% of the fund
Schneider Electric SE 3.24% of the fund
Darling Ingredients Inc 2.99% of the fund
TE Connectivity Ltd 2.98% of the fund
Trimble Inc 2.92% of the fund
Taiwan Semiconductor Manufacuting 2.86% of the fund
Infineon Technologies AG 2.76% of the fund
Hannon Armstrong Sustainable 2.73% of the fund
Aptiv PLC 2.56% of the fund
Total 30.16% of the fund.
He is Brilliant and Amazing
A question of investment trust
Hydrogen Investment
The Ashoka India Equity Investment Trust PLC
The Ashoka India Equity Investment Trust PLC is an London listed investment trust, that has the strategy to achieve long-term capital appreciation, mainly through investment in securities listed in India and listed securities of companies with a significant presence in India.
It’s top ten holdings are:-
- Laxmi Organic Industries Materials 6.8% of the fund
- ICICI Bank Financials 6.1% of the fund
- Infosys Information Technology 4.9% of the fund
- Axis Bank Financials 4.7% of the fund
- Coforge Information Technology 4.6% of the fund
- Asian Paints Materials 3.5% of the fund
- Nestle India Consumer Staples 3.0% of the fund
- Crompton Greaves Consumer Electricals Consumer Discretionary 2.9% of the fund
- Cartrade Tech Consumer Discretionary 2.9% of the fund
- Bajaj Finserv Financials 2.8% of the fund
Total 42.3% of the fund
https://www.londonstockexchange.com/stock/AIE/ashoka-india-equity-investment-trust-plc/company-page
Oxford Nanopore PLC
Oxford Nanopore Technologies plc was founded in 2005 as a spin-out from the University of Oxford. The company now employs about 600 employees from multiple disciplines including nanopore science, molecular biology and applications, informatics, engineering, electronics, manufacturing and commercialisation
It has just floated on the London Stock Exchange.
Floatation price of 425p a share.
https://www.londonstockexchange.com/news-article/ONT/announcement-of-offer-price/15154688
it is flying high.
https://www.londonstockexchange.com/stock/ONT/oxford-nanopore-technologies-plc/company-page
HSBC Holdings PLC September Dividend.
Yesterday, 30th Sept 2021, HSBC Holdings, paid out is Sept 2021 dividend.
$0.07 a share = £0.051203 a share
£0.051203 a share pence per share it the dividend that it to be paid.
https://www.londonstockexchange.com/news-article/HSBA/total-voting-rights/15117630
The total number of voting rights in HSBC Holdings plc is 20,426,332,840
Thus:
20,426,332,840 x £0.051203 = £1,045,889,520.40652
That is £1,045 Million = £1.045 Billion paid to shareholders, yesterday.
https://www.londonstockexchange.com/stock/HSBA/hsbc-holdings-plc/company-page