On the 24th June, a few days ago, Tesco PLC paid out its quarterly dividend.
The dividend was 7.7p a share.
https://www.londonstockexchange.com/news-article/TSCO/total-voting-rights/15478378
The Company’s share capital as at 31 May 2022 consisted of 7,544,228,607 ordinary shares
Thus:-
7,544,228,607 x £0.077 = £580,905,602.739
That is £580 million paid to shareholders.
https://www.londonstockexchange.com/stock/TSCO/tesco-plc/company-page
On the 24th June, a few days ago, BP PLC paid out its quarterly dividend.
The dividend was $0.0546 or 4.3556p a share.
https://www.londonstockexchange.com/news-article/BP./total-voting-rights/15478107
The total number of voting rights in BP p.l.c. is 19,343,319,865
Thus:-
19,343,319,865 x £0.043556 = £842,517,640.03994.
That is £842million paid to shareholders.
https://www.londonstockexchange.com/stock/BP./bp-plc/company-page
The JPMorgan Global Core Real Assets Limited is a London listed investment trust. The fund invests in global real estate, global infrastructure, global transportation and listed real assets.
Sector % Allocation
Industrial / Logistics 18%
Office 15%
Residential 10%
Retail 7%
Other Real Estate 6%
Total Real Estate
Utilities 11%
Renewable Energy 5%
Liquid Bulk Storage 2%
Fixed transportation Assets 2%
Conventional Energy 1%
Total Infrastructure (private % / public %) 22% (17% / 5%)
Maritime 11%
Energy Logistics 5%
Aviation 3%
Rolling Stock 2%
Total Transportation (private % / public %) 22% (18% / 4%)
Total Invested Portfolio 98%
https://www.londonstockexchange.com/stock/JARA/jpmorgan-global-core-real-assets-limited/company-page
A beautiful graph. We can see the “Covid Dip of April 2020.
The tread of renewables is clear.
Greencoat – UKWind (greencoat-ukwind.com)
Huge investment in Green energy, and Greencoat UK Wind, is a FTSE-250 energy power company.
GREENCOAT UK WIND PLC UKW Stock | London Stock Exchange
Some large institutional investors hold this stock, such as Investec Wealth, Ballie Gifford, and some very positive commentary, Kepler Trust Intelligence: Flash Update – 11:42:14 29 Apr 2022 – UKW News article | London Stock Exchange
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://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 May 2022, 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 4 auctions of Gilts (UK Government Bonds) by the UK Debt Management Office to raise cash for HM Treasury:-
24-May-2022 0 1/8% Index-linked Treasury Gilt 2039 3 months £847.7000 Million
17-May-2022 1¼% Treasury Gilt 2051 £2,187.4990 Million
11-May-2022 0½% Treasury Gilt 2029 £2,500.0000 Million
10-May-2022 0 7/8% Green Gilt 2033 £2,250.0000 Million
£847.7000 Million + £2,187.4990 Million + £2,500.0000 Million + £2,250.0000 Million = £7,785.199 Million
£7,785.199 Million = £7.785199 Billion
On another way of looking at it, is in the 31 days in May 2022, HM Government borrowed:- £251.13545161290322580645161290323 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, from 2020 to 2051. All long term borrowings, we are mortgaging our futures, but at least “We Are In It Together……“
Legal and General is the UK’s largest money manager
On the 1st June, Legal and General paid out its June dividend.
13.27p a share.
https://www.londonstockexchange.com/news-article/LGEN/total-voting-rights/15435885
The total number of voting rights in the Company is 5,970,486,700.
Thus:-
5,970,486,700 x £0.1327 = £792,283,585.09
That is £792 Million paid to shareholders.
https://www.londonstockexchange.com/stock/LGEN/legal-general-group-plc/company-page
There is wide spread media stories of the cost of fuel.
Fuel prices: Petrol stations face urgent review of fuel duty cut – BBC News
£100 is now the average cost to fuel a car with petrol. Take a step back, and consider this:-
You have to earn about £150 “before tax” to take home £100 in your bank account. Thus you have already paid £50 in tax.
Now you fuel up and pay £100 on fuel, now that £100 is comprised of:-
£16.67 VAT (Valued Added Tax)
£32.74 is Fuel Duty (Fuel Tax)
£35.84 is the fuel supplier (the wholesale cost)
£9.71 is biofuel (additives)
£3.92 is the retailers margin
£1.12 is delivery costs.
So the £16.67 + £32.74 = £49.41.
Thus 49% of the £100 is tax, but you had to pay £50 on the £150 earned to take home £100, and then you have to pay £49.41 on tax……
The wise American, Mark Twain was right, only 2 things in life are certain, you pay taxes and you die.
A picture paints a thousand words.
Gresham House Energy Storage Fund plc | Gresham House
Gresham House Energy Storage Fund plc (GRID) invests in a portfolio of utility-scale operational battery energy storage systems in Great Britain. GRID seeks to provide shareholders with an attractive and sustainable dividend over the long term, alongside the prospect of capital growth.
GRESHAM HOUSE ENERGY STORAGE FUND PLC GRID Stock | London Stock Exchange
