A graph paints a clear picture.
Their is a lot of media speculation about the huge profits of the energy companies. The talk is about making extra taxes on their huge profits, such as windfall taxes.
However, when the oil companies make huge losses, their is never talk about a Government cash injection or bailout.
The FTSE-250 company, Greencoat UK Wind plc, tomorrow pays out its Feb 2023 dividend, 24th Feb.
1.93p a share.
Thotal voting rights figure will be 2,318,089,989
2,318,089,989 x £0.019 = £44,739,136.7877
The M&G Credit Income Investment Trust is London listed trust, that is an income bearing investment instrument
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 debtlike instruments (‘Debt Instruments’), of which at least 70% will be investment grade.
Market capitalisation £131.71m
Number of holdings 142
Quarterly dividend dates Quarterly: Feb, May, Aug and Nov
Top 20 holdings (%)
M&G European Loan Fund (Prvt) 11.65% of the fund
Project Mercury Term Loan (Prvt) 1.77% of the fund
Delamare Finance 1.3066% 19 Feb 2029 1.60% of the fund
Hall & Woodhouse Var. Rate 30 Dec 2023 (Prvt) 1.56% of the fund
RIN II LTD (A) A 144A 1.46% of the fund
PE Fund Finance III Var. Rate 16 Dec 2022 (Prvt) 1.44% of the fund
BSAM 1 1 RegS 1.40% of the fund
Project Hammond (Prvt) 1.34% of the fund
ATLAS 2020 1 Trust AUD Note A2 (Prvt) 1.31% of the fund
Regenter Myatt Field North GBP Term Loan (Prvt) 1.25% of the fund
Signet GBP Stretch Term Loan (Prvt) 1.24% of the fund
Luminis Ltd Mezz Var.Rate 23 Sep 2025 (Prvt) 1.20% of the fund
STCHB 7 A (Prvt) 1.19% of the fund
GONGG 1 (A) A RegS 1.18% of the fund
CBNA T12 Mezz (Prvt) 1.17% of the fund
DRAGN 1 C RegS 1.16% of the fund
Finance For Residential Social FRSH 1 1 A2 RegS 1.16% of the fund
ICSL 1 B RegS 1.09% of the fund
Harmoney B Term Loan (Prvt) 1.03% of the fund
Zurich Finance 5.125% 23/11/52 0.99% of the fund
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 post Covid 19 world. UK’s HM Government needs to fund many new demands. [www.dmo.gov.uk]
Another deficit month, thus to bridge the gap, needs to borrow on the bond market in January 2023, 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 to raise cash for HM Treasury:-
19-Jan-2023 0 1/8% Index-linked Treasury Gilt 2031 3 months 1,195.9250
17-Jan-2023 3½% Treasury Gilt 2025 4,440.7500
10-Jan-2023 3¼% Treasury Gilt 2033 3,702.5000
£1,195.9250 Million + £4,440.7500 Million + £3,702.5000 Million = £9,339.175 Million
£9,339.175 Million = £9.339175 Billion
On another way of looking at it, is in the 31 days in January 2023, HM Government borrowed:- £301.26370967741935483870967741935 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 bonds maturing from 2025 to 2033. All long-term borrowings, we are mortgaging our futures, but at least “We Are In It Together……“
The Troy Income & Growth Trustinvest is a London listed investment trust. Its investment objective of the Troy Income & Growth Trust plc, is to provide shareholders with an attractive income yield and the prospect of income and capital growth through investing in a portfolio of predominantly UK equities
Top Ten Holdings are:-
Unilever 7.9% of the fund
Diageo 7.5% of the fund
RELX 7.2% of the fund
Reckitt Benckiser 5.7% of the fund
Experian 4.3% of the fund
GSK 4.3% of the fund
Compass 4.2% of the fund
AstraZeneca 3.9% of the fund
Croda International 3.3% of the fund
Paychex 3.2% of the fund
Total Top 10 51.7% of the fund
29 other holdings 47.4% of the fund
Cash 0.9% of the fund
The Foreign & Colonial Investment Trust, is a huge London listed investment trust.
Twenty Largest Listed Equity Holdings
Microsoft 2.1% of the fund
UnitedHealth 2.0% of the fund
Apple 1.8% of the fund
Elevance Health 1.3% of the fund
Alphabet 1.3% of the fund
Amazon 1.1% of the fund
Broadcom 1.0% of the fund
VICI Properties 0.9
Merck & Co 0.9% of the fund
Hess 0.8% of the fund
Philips 66 0.8% of the fund
Dollar General 0.8% of the fund
Air Products & Chemicals 0.8% of the fund
American International 0.8% of the fund
Mastercard 0.7% of the fund
Taiwan Semiconductor Manufacturing Company 0.7% of the fund
Las Vegas Sands 0.7% of the fund
Wells Fargo 0.7% of the fund
AstraZeneca 0.7% of the fund
Comcast 0.7% of the fund
Total 20.6% of the fund
UK Equity 9.8% of the fund
Europe ex UK Equity 11.6% of the fund
North America Equity 55.5% of the fund
Japan Equity 6.9% of the fund
Pacific ex Japan Equity 2.6% of the fund
Emerging Markets Equity 7.8% of the fund
Liquidity 5.8% of the fund
Total 100.0% of the fund
British Telecommunications PLC, the UK’s premier telecommunications group, home to BT Business, Plusnet, EE to name just 3 companies of the BT Group, pays out tomorrow, its Feb 2023 dividend.
2.31p a share.
The total number of voting rights in BT Group plc on that date was 9,930,851,048 on the 30th Dec 2022.
9,930,851,048 x £0.0231 = £229,402,659.2088
£229 Million paid to shareholders
Today, Vodafone PLC pays out its Feb 2023 dividend.
€0.045 = 3.959190p = £0.03959190 a share.
The total number of voting rights in Vodafone is 27,319,088,705
27,319,088,705 x £0.03959190= £1,081,614,628.0994895
That is £1,081 Million paid out to shareholders = £1.081 Billion
Today, the FTSE100 northwest water giant, Unitied Utilities pays out its Feb 2023 dividend
The total number of voting rights in the company stood at 681,888,418
681,888,418 x £0.1517 = 103,442,473.0106
That is £103 million paid to shareholders