PYAD HYP 2019_04 REINVEST – Year Five: Top-Up - 10 May 2023 - Decision

IanTHughes · #587942

Hello again!

For the activity during Year One of this portfolio please see this thread: viewtopic.php?f=15&t=17908
For the activity during Year Two of this portfolio please see this thread: viewtopic.php?f=15&t=22901
For the activity during Year Three of this portfolio please see this thread: viewtopic.php?f=15&t=33979
For the activity during Year Four of this portfolio please see this thread: viewtopic.php?f=15&t=34041

Top-Up Decision – 08 May 2023

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140 and subsequently managed by myself.

Further details of how updates are to be made to this portfolio can be found on this thread: viewtopic.php?p=218513#p218513

Current Portfolio: Holdings

EPIC |        Company            | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) |   P/L (£)    | Ex-Div (£) | Div Rec'd (£) | Overall (£) | Y'ld (%) [1] | Year Div (£)
IMB  | Imperial Brands           |  1,283  | 26,121.51  | 1,900.0000  |   24,377.00  |     8.07% |   -1,744.51  |      0.00  |     6,396.60  |   4,652.09  |        7.43% |    1,811.21 
BATS | British American Tobacco  |    299  |  8,359.04  | 2,804.0000  |    8,383.96  |     2.78% |       24.92  |      0.00  |     1,924.54  |   1,949.46  |        8.23% |      690.33 
WPP  | WPP                       |  1,780  | 14,997.55  |   889.0000  |   15,824.20  |     5.24% |      826.65  |      0.00  |     2,317.56  |   3,144.21  |        4.43% |      701.32 
ITV  | ITV                       | 11,652  | 14,999.08  |    79.0000  |    9,205.08  |     3.05% |   -5,794.00  |    384.51  |     1,514.74  |  -3,894.75  |        6.33% |      582.60 
HSBA | HSBC Holdings             |  2,425  | 14,998.27  |   599.8000  |   14,545.15  |     4.82% |     -453.12  |      0.00  |     1,935.67  |   1,482.55  |        5.31% |      771.98 
IGG  | IG Group Holdings         |  2,762  | 14,999.32  |   728.0000  |   20,107.36  |     6.66% |    5,108.04  |      0.00  |     4,808.59  |   9,916.63  |        6.11% |    1,229.09 
ABDN | Abrdn PLC                 |  6,389  | 17,397.08  |   207.4000  |   13,250.78  |     4.39% |   -4,146.30  |    466.39  |     4,434.20  |     754.29  |        7.04% |      932.79 
MNG  | M & G PLC                 |  3,505  |  7,189.84  |   202.9000  |    7,111.64  |     2.36% |      -78.20  |      0.00  |     1,387.48  |   1,309.28  |        9.66% |      686.98 
AV   | Aviva                     |  3,663  | 14,970.64  |   414.6000  |   15,186.80  |     5.03% |      216.16  |    758.24  |     3,895.64  |   4,870.04  |        7.48% |    1,135.53 
DLG  | Direct Line Insurance Grp |  8,882  | 20,716.58  |   164.3500  |   14,597.57  |     4.83% |   -6,119.01  |      0.00  |       356.51  |  -5,762.50  |        4.62% |      675.03 
GSK  | GSK PLC                   |    752  | 11,986.74  | 1,462.4000  |   10,997.24  |     3.64% |     -989.50  |      0.00  |     2,719.14  |   1,729.64  |        3.86% |      424.88 
HLN  | Haleon PLC                |    941  |  2,723.59  |   341.5000  |    3,213.52  |     1.06% |      489.93  |      0.00  |        22.58  |     512.51  |        1.41% |       45.16 
BA   | BAE Systems               |  3,043  | 14,995.20  |   990.2000  |   30,131.79  |     9.98% |   15,136.59  |    505.13  |     2,909.07  |  18,550.79  |        2.73% |      821.60 
SMDS | DS Smith                  |  4,310  | 14,997.11  |   316.2000  |   13,628.22  |     4.51% |   -1,368.89  |      0.00  |     2,124.83  |     755.94  |        5.69% |      775.80 
IBST | Ibstock                   |  5,849  | 14,999.47  |   174.6000  |   10,212.35  |     3.38% |   -4,787.12  |    321.69  |     1,292.60  |  -3,172.83  |        5.04% |      514.71 
BLND | British Land Company      |  1,273  |  7,494.24  |   398.3000  |    5,070.36  |     1.68% |   -2,423.88  |      0.00  |       920.01  |  -1,503.87  |        5.82% |      295.33 
LAND | Land Securities Group     |    818  |  7,499.19  |   665.8000  |    5,446.24  |     1.80% |   -2,052.95  |      0.00  |     1,026.15  |  -1,026.80  |        5.95% |      323.92 
BHP  | BHP Group                 |    838  | 14,992.51  | 2,393.0000  |   20,053.34  |     6.64% |    5,060.83  |      0.00  |     5,402.17  |  10,463.00  |        8.81% |    1,767.36 
RIO  | Rio Tinto                 |    173  |  9,833.07  | 4,992.0000  |    8,636.16  |     2.86% |   -1,196.91  |      0.00  |     1,705.53  |     508.62  |        8.15% |      704.07 
SHEL | Shell                     |    457  |  9,626.22  | 2,390.5000  |   10,924.59  |     3.62% |    1,298.37  |      0.00  |     1,375.29  |   2,673.66  |        3.83% |      418.26 
BP   | BP                        |  1,347  |  7,496.10  |   492.3000  |    6,631.28  |     2.20% |     -864.82  |      0.00  |     1,190.77  |     325.95  |        4.27% |      283.44 
WDS  | Woodside Energy Group Ltd |    272  |  4,853.84  | 1,797.0000  |    4,887.84  |     1.62% |       34.00  |      0.00  |       325.49  |     359.49  |       11.20% |      547.68 
VOD  | Vodafone Group            | 10,077  | 14,998.48  |    95.0200  |    9,575.17  |     3.17% |   -5,423.31  |      0.00  |     3,115.82  |  -2,307.49  |        8.31% |      795.33 
CCL  | Carnival Corporation      |    384  | 14,979.79  |   702.4000  |    2,697.22  |     0.89% |  -12,282.57  |      0.00  |       610.18  | -11,672.39  |        0.00% |        0.00 
PNN  | Pennon Group              |  1,316  | 10,670.59  |   872.0000  |   11,475.52  |     3.80% |      804.93  |      0.00  |     1,971.32  |   2,776.25  |        4.81% |      552.19 
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Sub Total:                |         |            |             | £296,170.38  |    98.06% | -£20,724.67  | £2,435.96  |               |             |        5.90% |  £17,486.59 
     | Cash Balance:             |         |            |             |   £3,424.05  |     1.13% |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £2,435.96  |     0.81% |              |            |               |             |              |             
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Current Portfolio Value:  |         |            |             | £302,030.39  |    18.49% |              |            |               |             |              |             
     | From:                     |         |            |             |              |           |              |            |               |             |              |             
     | Cash In:                  |         |            |             | £254,904.77  |           |              |            |               |             |              |             
     | LESS Cash Out:            |         |            |             |       £0.00  |           |              |            |               |             |              |             
     | Dividends Received:       |         |            |             |  £56,235.39  |    22.06% |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £2,435.96  |           |              |            |               |             |              |             
     | Realised Profit/Loss:     | [2]     |            |             |   £9,178.94  |           |              |            |               |             |              |             
     | Un-Realised Profit/Loss:  |         |            |             | -£20,724.67  |           |              |            |               |             |              |             
     |                           |         |            |             |              |   XIRR    |              |            |               |             |              |             
     | Total:                    |         |            |             | £302,030.39  |     4.19% |              |            |               |             |              |

Current Portfolio: Business Sectors

Business            |  Cost (£)  |  Value (£)  |  Value (%)  |  P/L (£)    |  Ex-Div (£)  |  Div Rec'd (£)  |  Overall (£)  | Y'ld (%) [1] |  Year Div (£) 
Tobacco             | 34,480.55  |  32,760.96  |      10.85% |  -1,719.59  |        0.00  |       8,321.14  |     6,601.55  |        7.64% |      2,501.54 
Weapons             | 14,995.20  |  30,131.79  |       9.98% |  15,136.59  |      505.13  |       2,909.07  |    18,550.79  |        2.73% |        821.60 
Mining              | 24,825.58  |  28,689.50  |       9.50% |   3,863.92  |        0.00  |       7,107.70  |    10,971.62  |        8.61% |      2,471.43 
Oil                 | 21,976.16  |  22,443.71  |       7.43% |     467.55  |        0.00  |       2,891.55  |     3,359.10  |        5.57% |      1,249.38 
Fund Manager        | 24,586.92  |  20,362.42  |       6.74% |  -4,224.50  |      466.39  |       5,821.68  |     2,063.57  |        7.95% |      1,619.77 
Gambling            | 14,999.32  |  20,107.36  |       6.66% |   5,108.04  |        0.00  |       4,808.59  |     9,916.63  |        6.11% |      1,229.09 
Advertising         | 14,997.55  |  15,824.20  |       5.24% |     826.65  |        0.00  |       2,317.56  |     3,144.21  |        4.43% |        701.32 
Insurance: Life     | 14,970.64  |  15,186.80  |       5.03% |     216.16  |      758.24  |       3,895.64  |     4,870.04  |        7.48% |      1,135.53 
Insurance: Non-Life | 20,716.58  |  14,597.57  |       4.83% |  -6,119.01  |        0.00  |         356.51  |    -5,762.50  |        4.62% |        675.03 
Banks               | 14,998.27  |  14,545.15  |       4.82% |    -453.12  |        0.00  |       1,935.67  |     1,482.55  |        5.31% |        771.98 
Packaging           | 14,997.11  |  13,628.22  |       4.51% |  -1,368.89  |        0.00  |       2,124.83  |       755.94  |        5.69% |        775.80 
Utility: Water      | 10,670.59  |  11,475.52  |       3.80% |     804.93  |        0.00  |       1,971.32  |     2,776.25  |        4.81% |        552.19 
Pharma              | 11,986.74  |  10,997.24  |       3.64% |    -989.50  |        0.00  |       2,719.14  |     1,729.64  |        3.86% |        424.88 
Real Estate IT      | 14,993.43  |  10,516.60  |       3.48% |  -4,476.83  |        0.00  |       1,946.16  |    -2,530.67  |        5.89% |        619.25 
Bricks              | 14,999.47  |  10,212.35  |       3.38% |  -4,787.12  |      321.69  |       1,292.60  |    -3,172.83  |        5.04% |        514.71 
Telecom: Mobile     | 14,998.48  |   9,575.17  |       3.17% |  -5,423.31  |        0.00  |       3,115.82  |    -2,307.49  |        8.31% |        795.33 
Television          | 14,999.08  |   9,205.08  |       3.05% |  -5,794.00  |      384.51  |       1,514.74  |    -3,894.75  |        6.33% |        582.60 
Medical Products    |  2,723.59  |   3,213.52  |       1.06% |     489.93  |        0.00  |          22.58  |       512.51  |        1.41% |         45.16 
Cruising            | 14,979.79  |   2,697.22  |       0.89% | -12,282.57  |        0.00  |         610.18  |   -11,672.39  |        0.00% |          0.00

[1] - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

[2] - Realised Profit and Loss & Return of Capital – To Date

Date      | EPIC | Name                      | Real P&L (£) | Comment                                                                     
20-Sep-19 | IBST | Ibstock                   |      292.45  | Return of Capital                                                           
09-Oct-19 | GNK  | Greene King               |    4,188.29  | Sale – Pending Takeover                                                     
16-Jul-21 | PNN  | Pennon Group              |    1,676.05  | Return of Capital - Share Consolidation                                     
21-Sep-21 | BHP  | BHP Group                 |      550.49  | Return of Capital                                                           
16-May-22 | AV   | Aviva                     |      173.70  | Return of Capital - Share Consolidation                                     
01-Jun-22 | BHP  | BHP Group                 |    2,565.55  | Return of Capital - Woodside Energy Group (WDS) shares                      
19-Jul-22 | GSK  | GSK PLC                   |     -275.74  | Return of Capital - Haleon PLC (HLN) shares - Share Consolidation           
19-Jul-22 | WDS  | Woodside Energy Group Ltd |        8.15  | Return of Capital - Woodside Energy Group (WDS) shares - Share Consolidation
          |      |                           |              |                                                                             
          |      | Total                     |   £9,178.94  |

Top-Up: 10 May 2023

As at the close of business on Tuesday 09 May 2023, the amount available for re-investment will be £3,424.05. This amount will be used to top-up one holding on Friday 10 May 2023.

Candidates

From the point of view of searching for the current “Highest Sustainable Yield” the following candidates were considered:

EPIC |        Company            | Reward (%) |  Decision    |          Comments                                     
WDS  | Woodside Energy Group Ltd |     11.20% | Possible     | Resultant Sector Value Concentration (8.56%)          
MNG  | M & G PLC                 |      9.66% | Possible     | Resultant Sector Value Concentration (7.87%)          
PHNX | Phoenix Group Holdings    |      8.80% | Possible     | Resultant Sector Value Concentration (6.16%)          
VOD  | Vodafone Group            |      8.31% | Possible     | Resultant Sector Value Concentration (4.30%)          
BATS | British American Tobacco  |      8.23% | Disqualified | Resultant Sector Value Concentration (11.97%) too high
RIO  | Rio Tinto                 |      8.15% | Disqualified | Resultant Sector Value Concentration (10.63%) too high

Decision

Ignoring those that are disqualified in order to avoid over-concentration by Business Sector, we end up with …..

Woodside Energy Group Ltd (WDS) – Yield 11.20%

The only potential downside that I can see with WDS is that, with profits being boosted by the recent high price of oil, which has already dropped somewhat, there may be pressure on the dividend next year. I am also still somewhat bemused as to why the yield for WDS is so far ahead of that for BP PLC (BP) or Shell PLC (SHEL). However, apart from the afore-mentioned possibility of a future drop in oil price, I can see no reason not to take advantage of the 11.20% yield now on offer.

I will be having a further quick review tomorrow - 09 May 2023 - but for now …..

Oil – Woodside Energy Group Ltd (WDS) – Yield 11.20% - is the decision for this top-up.

The Sector Value Concentration after purchase (8.56%) will leave the Oil Business Sector holding as number four by that measure, well below the maximum allowed – 10% - but who knows, there may be further purchases to come.

As it happens, I am intending to purchase WDS for one of the “real” portfolios under my control, and therefore the price to be applied for this “virtual” purchase will be the same as that achieved for the “real” portfolio’s purchase. I shall post an update when the details of the purchase are known.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=39072

The intention is to keep this thread simply recording the events of the Portfolio during its fifth year.

Enjoy!

Ian

IanTHughes · #588348

For the activity during Year One of this portfolio please see this thread: viewtopic.php?f=15&t=17908
For the activity during Year Two of this portfolio please see this thread: viewtopic.php?f=15&t=22901
For the activity during Year Three of this portfolio please see this thread: viewtopic.php?f=15&t=33979
For the activity during Year Four of this portfolio please see this thread: viewtopic.php?f=15&t=34041

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140

Further details of how updates are to be made to this portfolio can be found on this thread: viewtopic.php?p=218513#p218513

Update 10 May 2023

First of all, a small apology and a correction!

The last Dividend Re-Investment for this portfolio was on 10 Mar 2023, when I reported that 121 shares of Woodside Energy Grp (WDS) were purchased using the then cash balance of £2,305.30. What I failed to properly account for was that, purchasing shares that have a primary listing other than the London Stock Exchange, as is the case with WDS, does not attract the UK Stamp Duty levy of 0.50%. As a result, a correction has now been made and the number of shares purchased on 10 Mar 2023 has been amended to what it should have rightly been – 122.

No dividend amount was affected but, as a result of the foregoing correction, there has of course been a slight change to the amount now being available for the current top-up although, as it happens, it has not affected the number of shares being purchased this time.

Apology over and, notwithstanding the slight difference to the available cash balance …..

Dividend Re-Investment Purchase: Transaction Details

The Dividend Re-Investment indicated in the previous post https: viewtopic.php?f=15&t=39071#p587942 has now been made as follows:

Date      | Business | EPIC | Shares | Price (p)   | Cash (£)   | Stamp (£) | Fee (£) | Total (£)  | Yield (%)
10-May-23 | Oil      | WDS  |   188  | 1,808.7945  | -3,400.53  |    0.00   |  -1.50  | -3,402.03  |  11.92%

The price achieved is the same price at which a purchase of WDS was made for one of the “real” portfolios under my control..

Current Portfolio: Holdings

EPIC |    Company         | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) |    P/L (£)   | Ex-Div (£) | Div Rec'd (£) | Overall (£) | Y'ld (%) [1] | Year Div (£)
IMB  | Imperial Brands    |  1,283  | 26,121.51  | 1,895.0000  |   24,312.85  |     8.12% |   -1,808.66  |      0.00  |     6,396.60  |   4,587.94  |        7.45% |    1,811.21 
BATS | Brit Amer Tobacco  |    299  |  8,359.04  | 2,754.0000  |    8,234.46  |     2.75% |     -124.58  |      0.00  |     1,924.54  |   1,799.96  |        8.38% |      690.33 
WPP  | WPP                |  1,780  | 14,997.55  |   888.6000  |   15,817.08  |     5.29% |      819.53  |      0.00  |     2,317.56  |   3,137.09  |        4.43% |      701.32 
ITV  | ITV                | 11,652  | 14,999.08  |    77.1200  |    8,986.02  |     3.00% |   -6,013.06  |    384.51  |     1,514.74  |  -4,113.81  |        6.48% |      582.60 
HSBA | HSBC Holdings      |  2,425  | 14,998.27  |   601.1000  |   14,576.68  |     4.87% |     -421.59  |      0.00  |     1,935.67  |   1,514.08  |        5.27% |      768.01 
IGG  | IG Group Holdings  |  2,762  | 14,999.32  |   728.0000  |   20,107.36  |     6.72% |    5,108.04  |      0.00  |     4,808.59  |   9,916.63  |        6.11% |    1,229.09 
ABDN | Abrdn PLC          |  6,389  | 17,397.08  |   205.3000  |   13,116.62  |     4.38% |   -4,280.46  |    466.39  |     4,434.20  |     620.13  |        7.11% |      932.79 
MNG  | M & G PLC          |  3,505  |  7,189.84  |   199.6500  |    6,997.74  |     2.34% |     -192.10  |      0.00  |     1,387.48  |   1,195.38  |        9.82% |      686.98 
AV   | Aviva              |  3,663  | 14,970.64  |   412.9000  |   15,124.53  |     5.05% |      153.89  |    758.24  |     3,895.64  |   4,807.77  |        7.51% |    1,135.53 
DLG  | Direct Line Ins Grp|  8,882  | 20,716.58  |   158.3000  |   14,060.20  |     4.70% |   -6,656.38  |      0.00  |       356.51  |  -6,299.87  |        4.80% |      675.03 
GSK  | GSK PLC            |    752  | 11,986.74  | 1,436.4000  |   10,801.72  |     3.61% |   -1,185.02  |      0.00  |     2,719.14  |   1,534.12  |        3.93% |      424.88 
HLN  | Haleon PLC         |    941  |  2,723.59  |   339.8500  |    3,197.99  |     1.07% |      474.40  |      0.00  |        22.58  |     496.98  |        1.41% |       45.16 
BA   | BAE Systems        |  3,043  | 14,995.20  |   993.8000  |   30,241.33  |    10.10% |   15,246.13  |    505.13  |     2,909.07  |  18,660.33  |        2.72% |      821.60 
SMDS | DS Smith           |  4,310  | 14,997.11  |   313.6000  |   13,516.16  |     4.52% |   -1,480.95  |      0.00  |     2,124.83  |     643.88  |        5.74% |      775.80 
IBST | Ibstock            |  5,849  | 14,999.47  |   170.8000  |    9,990.09  |     3.34% |   -5,009.38  |    321.69  |     1,292.60  |  -3,395.09  |        5.15% |      514.71 
BLND | Brit Land Company  |  1,273  |  7,494.24  |   385.7000  |    4,909.96  |     1.64% |   -2,584.28  |      0.00  |       920.01  |  -1,664.27  |        6.02% |      295.33 
LAND | Land Secur Grp     |    818  |  7,499.19  |   636.6000  |    5,207.39  |     1.74% |   -2,291.80  |      0.00  |     1,026.15  |  -1,265.65  |        6.22% |      323.92 
BHP  | BHP Group          |    838  | 14,992.51  | 2,355.0000  |   19,734.90  |     6.59% |    4,742.39  |      0.00  |     5,402.17  |  10,144.56  |        8.91% |    1,758.27 
RIO  | Rio Tinto          |    173  |  9,833.07  | 4,984.5000  |    8,623.19  |     2.88% |   -1,209.88  |      0.00  |     1,705.53  |     495.65  |        8.16% |      704.07 
SHEL | Shell              |    457  |  9,626.22  | 2,398.5000  |   10,961.15  |     3.66% |    1,334.93  |      0.00  |     1,375.29  |   2,710.22  |        3.80% |      416.11 
BP   | BP                 |  1,347  |  7,496.10  |   487.1000  |    6,561.24  |     2.19% |     -934.86  |      0.00  |     1,190.77  |     255.91  |        4.30% |      281.96 
WDS  | Woodside Energy Grp|    461  |  8,263.29  | 1,789.0000  |    8,247.29  |     2.76% |      -16.00  |      0.00  |       325.49  |     309.49  |       11.20% |      923.46 
VOD  | Vodafone Group     | 10,077  | 14,998.48  |    92.7500  |    9,346.42  |     3.12% |   -5,652.06  |      0.00  |     3,115.82  |  -2,536.24  |        8.46% |      790.84 
CCL  | Carnival Corp      |    384  | 14,979.79  |   736.0000  |    2,826.24  |     0.94% |  -12,153.55  |      0.00  |       610.18  | -11,543.37  |        0.00% |        0.00 
PNN  | Pennon Group       |  1,316  | 10,670.59  |   863.0000  |   11,357.08  |     3.79% |      686.49  |      0.00  |     1,971.32  |   2,657.81  |        4.86% |      552.19 
     |                    |         |            |             |              |           |              |            |               |             |              |             
     | Sub Total:         |         |            |             | £296,855.69  |    99.18% | -£23,448.81  | £2,435.96  |               |             |        6.01% |  £17,841.19 
     | Cash Balance:      |         |            |             |      £14.60  |     0.01% |              |            |               |             |              |             
     | Ex-Dividend:       |         |            |             |   £2,435.96  |     0.81% |              |            |               |             |              |             
     |                    |         |            |             |              |           |              |            |               |             |              |             
     | Portfolio Value:   |         |            |             | £299,306.25  |           |              |            |               |             |              |             
     | From:              |         |            |             |              |           |              |            |               |             |              |             
     | Cash In:           |         |            |             | £254,904.77  |           |              |            |               |             |              |             
     | LESS Cash Out:     |         |            |             |       £0.00  |           |              |            |               |             |              |             
     | Dividends Received:|         |            |             |  £56,235.39  |           |              |            |               |             |              |             
     | Ex-Dividend:       |         |            |             |   £2,435.96  |           |              |            |               |             |              |             
     | Realised P&L:      | [2]     |            |             |   £9,178.94  |           |              |            |               |             |              |             
     | Un-Realised P&L:   |         |            |             | -£23,448.81  |           |              |            |               |             |              |             
     |                    |         |            |             |              |   XIRR    |              |            |               |             |              |             
     | Total:             |         |            |             | £299,306.25  |  3.95%    |              |            |               |             |              |

Current Portfolio: Business Sectors

Business            |  Cost (£)  |  Value (£)  |  Value (%)  |  P/L (£)    |  Ex-Div (£)  |  Div Rec'd (£)  |  Overall (£)  | Y'ld (%) [1] |  Year Div (£) 
Tobacco             | 34,480.55  |  32,547.31  |      10.87% |  -1,933.24  |        0.00  |       8,321.14  |     6,387.90  |        7.69% |      2,501.54 
Weapons             | 14,995.20  |  30,241.33  |      10.10% |  15,246.13  |      505.13  |       2,909.07  |    18,660.33  |        2.72% |        821.60 
Mining              | 24,825.58  |  28,358.09  |       9.47% |   3,532.51  |        0.00  |       7,107.70  |    10,640.21  |        8.68% |      2,462.34 
Oil                 | 25,385.61  |  25,769.68  |       8.61% |     384.07  |        0.00  |       2,891.55  |     3,275.62  |        6.29% |      1,621.53 
Gambling            | 14,999.32  |  20,107.36  |       6.72% |   5,108.04  |        0.00  |       4,808.59  |     9,916.63  |        6.11% |      1,229.09 
Fund Manager        | 24,586.92  |  20,114.36  |       6.72% |  -4,472.56  |      466.39  |       5,821.68  |     1,815.51  |        8.05% |      1,619.77 
Advertising         | 14,997.55  |  15,817.08  |       5.28% |     819.53  |        0.00  |       2,317.56  |     3,137.09  |        4.43% |        701.32 
Insurance: Life     | 14,970.64  |  15,124.53  |       5.05% |     153.89  |      758.24  |       3,895.64  |     4,807.77  |        7.51% |      1,135.53 
Banks               | 14,998.27  |  14,576.68  |       4.87% |    -421.59  |        0.00  |       1,935.67  |     1,514.08  |        5.27% |        768.01 
Insurance: Non-Life | 20,716.58  |  14,060.20  |       4.70% |  -6,656.38  |        0.00  |         356.51  |    -6,299.87  |        4.80% |        675.03 
Packaging           | 14,997.11  |  13,516.16  |       4.52% |  -1,480.95  |        0.00  |       2,124.83  |       643.88  |        5.74% |        775.80 
Utility: Water      | 10,670.59  |  11,357.08  |       3.79% |     686.49  |        0.00  |       1,971.32  |     2,657.81  |        4.86% |        552.19 
Pharma              | 11,986.74  |  10,801.72  |       3.61% |  -1,185.02  |        0.00  |       2,719.14  |     1,534.12  |        3.93% |        424.88 
Bricks              | 14,999.47  |   9,990.09  |       3.34% |  -5,009.38  |      321.69  |       1,292.60  |    -3,395.09  |        5.15% |        514.71 
Real Estate IT      | 14,993.43  |  10,117.35  |       3.38% |  -4,876.08  |        0.00  |       1,946.16  |    -2,929.92  |        6.12% |        619.25 
Telecom: Mobile     | 14,998.48  |   9,346.42  |       3.12% |  -5,652.06  |        0.00  |       3,115.82  |    -2,536.24  |        8.46% |        790.84 
Television          | 14,999.08  |   8,986.02  |       3.00% |  -6,013.06  |      384.51  |       1,514.74  |    -4,113.81  |        6.48% |        582.60 
Medical Products    |  2,723.59  |   3,197.99  |       1.07% |     474.40  |        0.00  |          22.58  |       496.98  |        1.41% |         45.16 
Cruising            | 14,979.79  |   2,826.24  |       0.94% | -12,153.55  |        0.00  |         610.18  |   -11,543.37  |        0.00% |          0.00

[1] - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

[2] - Realised Profit and Loss & Return of Capital – To Date

Date      | EPIC | Name                      | Real P&L (£) |         Comment                                                  
20-Sep-19 | IBST | Ibstock                   |      292.45  | Return of Capital                                                           
09-Oct-19 | GNK  | Greene King               |    4,188.29  | Sale – Pending Takeover                                                     
16-Jul-21 | PNN  | Pennon Group              |    1,676.05  | Return of Capital - Share Consolidation                                     
21-Sep-21 | BHP  | BHP Group                 |      550.49  | Return of Capital                                                           
16-May-22 | AV   | Aviva                     |      173.70  | Return of Capital - Share Consolidation                                     
01-Jun-22 | BHP  | BHP Group                 |    2,565.55  | Return of Capital - Woodside Energy Group (WDS) shares                      
19-Jul-22 | GSK  | GSK PLC                   |     -275.74  | Return of Capital - Haleon PLC (HLN) shares - Share Consolidation           
19-Jul-22 | WDS  | Woodside Energy Group Ltd |        8.15  | Return of Capital - Share Consolidation
          |      |                           |              |                                                                             
          |      | Total                     |   £9,178.94  |

Next Actions Required

Next Dividend Re-Investment

Dividends received by this Portfolio are re-invested on the 10th day of each month or, should that not be a market day, the first market day after the 10th day, just so long as a cash balance of at least £2,000.00 is available the day before. Therefore, based on current dividend expectations, the anticipated Dividend Re-Investment timetable for the next 12 months is as follows:

Date      | Balance   | Re-Invest?
12-Jun-23 | 2,450.56  |      Y    
10-Jul-23 | 1,073.72  |      N    
10-Aug-23 | 1,828.42  |      N    
11-Sep-23 | 3,057.67  |      Y    
10-Oct-23 | 3,906.11  |      Y    
10-Nov-23 | 1,924.90  |      N    
11-Dec-23 | 2,631.45  |      Y    
10-Jan-24 | 1,028.43  |      N    
12-Feb-24 | 1,962.19  |      N    
11-Mar-24 | 2,328.43  |      Y    
10-Apr-24 | 2,174.19  |      Y    
10-May-24 | 1,284.64  |      N

The next Dividend Re-Investment will therefore be on 12 Jun 2023 when £2,450.56 is currently forecast to be available for re-investment. At the moment it looks as if this amount will once again be invested in increasing the holding of Woodside Energy Group (WDS), but there is a month to wait during which that might change.

As usual, a final decision will be made, and reported here, a few of days before the Re-Investment is due to be made.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=39072

The intention is to keep this thread simply recording the history of the Portfolio, during its fifth year.

Enjoy!

Ian

#588480

Moderator Message:
The OP says above "please don't post comments here", and specifies where comments should be posted. He even provides a link to the board in question. Despite this, someone did. Please don't. --MDW1954

IanTHughes · #594129

For the activity during Year One of this portfolio please see this thread: viewtopic.php?f=15&t=17908
For the activity during Year Two of this portfolio please see this thread: viewtopic.php?f=15&t=22901
For the activity during Year Three of this portfolio please see this thread: viewtopic.php?f=15&t=33979
For the activity during Year Four of this portfolio please see this thread: viewtopic.php?f=15&t=34041

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140 and subsequently managed by myself.

Further details of how updates are to be made to this portfolio can be found on this thread: viewtopic.php?p=218513#p218513

Dividend Re-Investment Decision – 09 june 2023

Current Portfolio: Holdings

EPIC | Company                   | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) | P/L (£)      | Ex-Div (£) | Div Rec'd (£) | Overall (£) | Y'ld (%) [1] | Year Div (£)
IMB  | Imperial Brands           |  1,283  | 26,121.51  | 1,725.0000  |   22,131.75  |     7.60% |   -3,989.76  |    276.99  |     6,396.60  |   2,683.83  |        8.22% |    1,819.42 
BATS | British American Tobacco  |    299  |  8,359.04  | 2,590.5000  |    7,745.60  |     2.66% |     -613.44  |      0.00  |     1,924.54  |   1,311.10  |        8.91% |      690.33 
WPP  | WPP                       |  1,780  | 14,997.55  |   862.2000  |   15,347.16  |     5.27% |      349.61  |    434.32  |     2,317.56  |   3,101.49  |        4.57% |      701.32 
ITV  | ITV                       | 11,652  | 14,999.08  |    70.1000  |    8,168.05  |     2.80% |   -6,831.03  |      0.00  |     1,899.25  |  -4,931.78  |        7.13% |      582.60 
HSBA | HSBC Holdings             |  2,425  | 14,998.27  |   607.5000  |   14,731.88  |     5.06% |     -266.39  |    194.62  |     1,935.67  |   1,863.90  |        5.28% |      778.49 
IGG  | IG Grp Holdings           |  2,762  | 14,999.32  |   696.0000  |   19,223.52  |     6.60% |    4,224.20  |      0.00  |     4,808.59  |   9,032.79  |        6.39% |    1,229.09 
ABDN | Abrdn PLC                 |  6,389  | 17,397.08  |   214.3000  |   13,691.63  |     4.70% |   -3,705.45  |      0.00  |     4,900.59  |   1,195.14  |        6.81% |      932.79 
MNG  | M & G PLC                 |  3,505  |  7,189.84  |   201.7000  |    7,069.59  |     2.43% |     -120.25  |      0.00  |     1,387.48  |   1,267.23  |        9.72% |      686.98 
AV   | Aviva                     |  3,663  | 14,970.64  |   400.9000  |   14,684.97  |     5.04% |     -285.67  |      0.00  |     4,653.88  |   4,368.21  |        7.73% |    1,135.53 
DLG  | Direct Line Insurance Grp |  8,882  | 20,716.58  |   164.6000  |   14,619.77  |     5.02% |   -6,096.81  |      0.00  |       356.51  |  -5,740.30  |        4.62% |      675.03 
GSK  | GSK PLC                   |    752  | 11,986.74  | 1,378.0000  |   10,362.56  |     3.56% |   -1,624.18  |    105.28  |     2,719.14  |   1,200.24  |        4.10% |      424.88 
HLN  | Haleon PLC                |    941  |  2,723.59  |   320.8500  |    3,019.20  |     1.04% |      295.61  |      0.00  |        22.58  |     318.19  |        1.50% |       45.16 
BA   | BAE Systems               |  3,043  | 14,995.20  |   940.0000  |   28,604.20  |     9.82% |   13,609.00  |      0.00  |     3,414.20  |  17,023.20  |        2.87% |      821.60 
SMDS | DS Smith                  |  4,310  | 14,997.11  |   310.9000  |   13,399.79  |     4.60% |   -1,597.32  |      0.00  |     2,124.83  |     527.51  |        5.79% |      775.80 
IBST | Ibstock                   |  5,849  | 14,999.47  |   159.9000  |    9,352.55  |     3.21% |   -5,646.92  |      0.00  |     1,614.29  |  -4,032.63  |        5.50% |      514.71 
BLND | British Land Company      |  1,273  |  7,494.24  |   347.0000  |    4,417.31  |     1.52% |   -3,076.93  |      0.00  |       920.01  |  -2,156.92  |        6.52% |      288.20 
LAND | Land Securities Grp       |    818  |  7,499.19  |   613.6000  |    5,019.25  |     1.72% |   -2,479.94  |      0.00  |     1,026.15  |  -1,453.79  |        6.29% |      315.74 
BHP  | BHP Grp                   |    838  | 14,992.51  | 2,380.0000  |   19,944.40  |     6.85% |    4,951.89  |      0.00  |     5,402.17  |  10,354.06  |        8.94% |    1,782.26 
RIO  | Rio Tinto                 |    173  |  9,833.07  | 5,125.0000  |    8,866.25  |     3.04% |     -966.82  |      0.00  |     1,705.53  |     738.71  |        7.94% |      704.07 
SHEL | Shell                     |    457  |  9,626.22  | 2,294.5000  |   10,485.87  |     3.60% |      859.65  |    105.44  |     1,375.29  |   2,340.38  |        4.02% |      421.78 
BP   | BP                        |  1,347  |  7,496.10  |   468.9000  |    6,316.08  |     2.17% |   -1,180.02  |     71.51  |     1,190.77  |      82.26  |        4.53% |      285.86 
WDS  | Woodside Energy Grp Ltd   |    461  |  8,263.29  | 1,860.0000  |    8,574.60  |     2.94% |      311.31  |      0.00  |       325.49  |     636.80  |       10.92% |      936.05 
VOD  | Vodafone Grp              | 10,077  | 14,998.48  |    74.8800  |    7,545.66  |     2.59% |   -7,452.82  |    390.01  |     3,115.82  |  -3,946.99  |       10.34% |      780.02 
CCL  | Carnival Corp.            |    384  | 14,979.79  |   909.4000  |    3,492.10  |     1.20% |  -11,487.69  |      0.00  |       610.18  | -10,877.51  |        0.00% |        0.00 
PNN  | Pennon Grp                |  1,316  | 10,670.59  |   794.0000  |   10,449.04  |     3.59% |     -221.55  |      0.00  |     1,971.32  |   1,749.77  |        5.38% |      562.32 
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Sub Total:                |         |            |             | £287,262.78  |    98.62% | -£33,041.72  | £1,578.17  |               |             |        6.23% |  £17,890.03 
     | Cash Balance:             |         |            |             |   £2,450.56  |     0.84% |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,578.17  |     0.54% |              |            |               |             |              |             
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Current Value:            |         |            |             | £291,291.51  |           |              |            |               |             |              |             
     | From:                     |         |            |             |              |           |              |            |               |             |              |             
     | Cash In:                  |         |            |             | £254,904.77  |           |              |            |               |             |              |             
     | LESS Cash Out:            |         |            |             |       £0.00  |           |              |            |               |             |              |             
     | Dividends Rec'd:          |         |            |             |  £58,671.35  |           |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,578.17  |           |              |            |               |             |              |             
     | Realised P/L:             | [2]     |            |             |   £9,178.94  |           |              |            |               |             |              |             
     | UnRealised P/L:           |         |            |             | -£33,041.72  |           |              |            |               |             |              |             
     |                           |         |            |             |              |   XIRR    |              |            |               |             |              |             
     | Total:                    |         |            |             | £291,291.51  |   3.20%   |              |            |               |             |              |

Current Portfolio: Business Sectors

Business           |  Cost (£)  |  Value (£)  |  Value (%)  |  P/L (£)    |  Ex-Div (£)  |  Div Rec'd (£)  |  Overall (£)  | Y'ld (%) [1] |  Year Div (£) 
Tobacco            | 34,480.55  |  29,877.35  |      10.26% |  -4,603.20  |      276.99  |       8,321.14  |     3,994.93  |        8.40% |      2,509.75 
Mining             | 24,825.58  |  28,810.65  |       9.89% |   3,985.07  |        0.00  |       7,107.70  |    11,092.77  |        8.63% |      2,486.33 
Weapons            | 14,995.20  |  28,604.20  |       9.82% |  13,609.00  |        0.00  |       3,414.20  |    17,023.20  |        2.87% |        821.60 
Oil                | 25,385.61  |  25,376.55  |       8.71% |      -9.06  |      176.95  |       2,891.55  |     3,059.44  |        6.48% |      1,643.69 
Fund Manager       | 24,586.92  |  20,761.22  |       7.13% |  -3,825.70  |        0.00  |       6,288.07  |     2,462.37  |        7.80% |      1,619.77 
Gambling           | 14,999.32  |  19,223.52  |       6.60% |   4,224.20  |        0.00  |       4,808.59  |     9,032.79  |        6.39% |      1,229.09 
Advertising        | 14,997.55  |  15,347.16  |       5.27% |     349.61  |      434.32  |       2,317.56  |     3,101.49  |        4.57% |        701.32 
Banks              | 14,998.27  |  14,731.88  |       5.06% |    -266.39  |      194.62  |       1,935.67  |     1,863.90  |        5.28% |        778.49 
Insurance: Life    | 14,970.64  |  14,684.97  |       5.04% |    -285.67  |        0.00  |       4,653.88  |     4,368.21  |        7.73% |      1,135.53 
Insurance: NonLife | 20,716.58  |  14,619.77  |       5.02% |  -6,096.81  |        0.00  |         356.51  |    -5,740.30  |        4.62% |        675.03 
Packaging          | 14,997.11  |  13,399.79  |       4.60% |  -1,597.32  |        0.00  |       2,124.83  |       527.51  |        5.79% |        775.80 
Utility: Water     | 10,670.59  |  10,449.04  |       3.59% |    -221.55  |        0.00  |       1,971.32  |     1,749.77  |        5.38% |        562.32 
Pharma             | 11,986.74  |  10,362.56  |       3.56% |  -1,624.18  |      105.28  |       2,719.14  |     1,200.24  |        4.10% |        424.88 
Real Estate IT     | 14,993.43  |   9,436.56  |       3.24% |  -5,556.87  |        0.00  |       1,946.16  |    -3,610.71  |        6.40% |        603.94 
Bricks             | 14,999.47  |   9,352.55  |       3.21% |  -5,646.92  |        0.00  |       1,614.29  |    -4,032.63  |        5.50% |        514.71 
Television         | 14,999.08  |   8,168.05  |       2.80% |  -6,831.03  |        0.00  |       1,899.25  |    -4,931.78  |        7.13% |        582.60 
Telecom: Mobile    | 14,998.48  |   7,545.66  |       2.59% |  -7,452.82  |      390.01  |       3,115.82  |    -3,946.99  |       10.34% |        780.02 
Cruising           | 14,979.79  |   3,492.10  |       1.20% | -11,487.69  |        0.00  |         610.18  |   -10,877.51  |        0.00% |          0.00 
Medical Products   |  2,723.59  |   3,019.20  |       1.04% |     295.61  |        0.00  |          22.58  |       318.19  |        1.50% |         45.16

[1] - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

[2] - Realised Profit and Loss & Return of Capital – To Date

Date      | EPIC | Name                      | Real P&L (£) | Comment                                                                     
20-Sep-19 | IBST | Ibstock                   |      292.45  | Return of Capital                                                           
09-Oct-19 | GNK  | Greene King               |    4,188.29  | Sale – Pending Takeover                                                     
16-Jul-21 | PNN  | Pennon Group              |    1,676.05  | Return of Capital - Share Consolidation                                     
21-Sep-21 | BHP  | BHP Group                 |      550.49  | Return of Capital                                                           
16-May-22 | AV   | Aviva                     |      173.70  | Return of Capital - Share Consolidation                                     
01-Jun-22 | BHP  | BHP Group                 |    2,565.55  | Return of Capital - Woodside Energy Group (WDS) shares                      
19-Jul-22 | GSK  | GSK PLC                   |     -275.74  | Return of Capital - Haleon PLC (HLN) shares - Share Consolidation           
19-Jul-22 | WDS  | Woodside Energy Group Ltd |        8.15  | Return of Capital - Woodside Energy Group (WDS) shares - Share Consolidation
          |      |                           |              |                                                                             
          |      | Total                     |   £9,178.94  |

Dividend Re-Investment: 12 June 2023

As at the close of business on Friday 09 June 2023, the amount available for re-investment is £2,450.56. This amount will be used to top-up one holding on Monday 12 June 2023.

Candidates

From the point of view of searching for the current “Highest Sustainable Yield” the following candidates were considered:

EPIC | Company                  | Reward (%) | Decision     | Comments                                              
WDS  | Woodside Energy Grp Ltd  |     10.92% | Possible     | Resultant Sector Value Concentration (9.55%)          
VOD  | Vodafone Grp             |     10.34% | Possible     | Resultant Sector Value Concentration (3.43%)          
MNG  | M & G PLC                |      9.72% | Possible     | Resultant Sector Value Concentration (7.96%)          
PHNX | Phoenix Grp Holdings     |      9.09% | Possible     | Resultant Sector Value Concentration (5.88%)          
BHP  | BHP Grp                  |      8.94% | Disqualified | Resultant Sector Value Concentration (10.73%) too high
BATS | British American Tobacco |      8.91% | Disqualified | Resultant Sector Value Concentration (11.09%) too high
IMB  | Imperial Brands          |      8.22% | Disqualified | Resultant Sector Value Concentration (11.09%) too high
RIO  | Rio Tinto                |      7.94% | Disqualified | Resultant Sector Value Concentration (10.73%) too high

Decision

Ignoring those that are disqualified in order to avoid over-concentration by Business Sector, we end up with …..

Woodside Energy Group Ltd (WDS) – Yield 10.92%

The same as for last month, the only potential downside that I can see with WDS is that, with profits being boosted by the recent high price of oil, which has already dropped somewhat, there may be pressure on the dividend next year. I am also still somewhat bemused as to why the yield for WDS is so far ahead of that for BP PLC (BP) or Shell PLC (SHEL). However, apart from the afore-mentioned possibility of a future drop in oil price, I can see no reason not to take advantage of the 10.92% yield now on offer.

I will be having a further quick review over the weekend - but for now …..

Oil – Woodside Energy Group Ltd (WDS) – Yield 10.92% - is the decision for this Dividend Re-Investment.

The Sector Value Concentration after purchase (9.55%) will leave the Oil Business Sector holding as number four by that measure, below the maximum allowed – 10%. However, the concentration is high enough that this will likely be the last top up for the Oil Business Sector. We shall see in August, when the next
Unlike last month, I am not intending to purchase WDS for one of the “real” portfolios under my control, therefore the price to be applied for this “virtual” purchase will be the Mid Price reported on the day. I shall post an update when the details of the purchase are known.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=39072

The intention is to keep this thread simply recording the events of the Portfolio during its fifth year.

Enjoy!

Ian

IanTHughes · #594751

PYAD HYP 2019_04 REINVEST – Year Four: Dividend Re-Investment - 12 June 2023 - Result

For the activity during Year One of this portfolio please see this thread: viewtopic.php?f=15&t=17908
For the activity during Year Two of this portfolio please see this thread: viewtopic.php?f=15&t=22901
For the activity during Year Three of this portfolio please see this thread: viewtopic.php?f=15&t=33979
For the activity during Year Four of this portfolio please see this thread: viewtopic.php?f=15&t=34041

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140

Further details of how updates are to be made to this portfolio can be found on this thread: viewtopic.php?p=218513#p218513

Update 12 June 2023

Dividend Re-Investment Purchase: Transaction Details

The Dividend Re-Investment indicated in the previous post https: viewtopic.php?f=15&t=39071#p594129 has now been made as follows:

Date      | Business | EPIC | Shares | Price (p)   | Cash (£)   | Stamp (£) | Fee (£) | Total (£)  | Yield (%)
12-Jun-23 | Oil      | WDS  |   132  | 1,846.5000  | -2,437.38  |    0.00   |  -1.50  | -2,438.88  |  11.67%

The price achieved is the Mid Price for the day, calculated by halving the total of the day’s High Price and Low Price.

Current Portfolio: Holdings

EPIC | Company                   | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) | P/L (£)      | Ex-Div (£) | Div Rec'd (£) | Overall (£) | Y'ld (%) [1] | Year Div (£)
IMB  | Imperial Brands           |  1,283  | 26,121.51  | 1,730.0000  |   22,195.90  |     7.63% |   -3,925.61  |    276.99  |     6,396.60  |   2,747.98  |        8.20% |    1,819.42 
BATS | British American Tobacco  |    299  |  8,359.04  | 2,579.0000  |    7,711.21  |     2.65% |     -647.83  |      0.00  |     1,924.54  |   1,276.71  |        8.95% |      690.33 
WPP  | WPP                       |  1,780  | 14,997.55  |   871.0000  |   15,503.80  |     5.33% |      506.25  |    434.32  |     2,317.56  |   3,258.13  |        4.52% |      701.32 
ITV  | ITV                       | 11,652  | 14,999.08  |    70.4200  |    8,205.34  |     2.82% |   -6,793.74  |      0.00  |     1,899.25  |  -4,894.49  |        7.10% |      582.60 
HSBA | HSBC Holdings             |  2,425  | 14,998.27  |   605.3000  |   14,678.53  |     5.04% |     -319.74  |    192.49  |     1,935.67  |   1,808.42  |        5.25% |      770.78 
IGG  | IG Grp Holdings           |  2,762  | 14,999.32  |   697.0000  |   19,251.14  |     6.61% |    4,251.82  |      0.00  |     4,808.59  |   9,060.41  |        6.38% |    1,229.09 
ABDN | Abrdn PLC                 |  6,389  | 17,397.08  |   216.3000  |   13,819.41  |     4.75% |   -3,577.67  |      0.00  |     4,900.59  |   1,322.92  |        6.75% |      932.79 
MNG  | M & G PLC                 |  3,505  |  7,189.84  |   201.3000  |    7,055.56  |     2.42% |     -134.28  |      0.00  |     1,387.48  |   1,253.20  |        9.74% |      686.98 
AV   | Aviva                     |  3,663  | 14,970.64  |   398.2000  |   14,586.06  |     5.01% |     -384.58  |      0.00  |     4,653.88  |   4,269.30  |        7.79% |    1,135.53 
DLG  | Direct Line Insurance Grp |  8,882  | 20,716.58  |   165.2000  |   14,673.06  |     5.04% |   -6,043.52  |      0.00  |       356.51  |  -5,687.01  |        4.60% |      675.03 
GSK  | GSK PLC                   |    752  | 11,986.74  | 1,373.8000  |   10,330.98  |     3.55% |   -1,655.76  |    105.28  |     2,719.14  |   1,168.66  |        4.11% |      424.88 
HLN  | Haleon PLC                |    941  |  2,723.59  |   321.3500  |    3,023.90  |     1.04% |      300.31  |      0.00  |        22.58  |     322.89  |        1.49% |       45.16 
BA   | BAE Systems               |  3,043  | 14,995.20  |   948.8000  |   28,871.98  |     9.92% |   13,876.78  |      0.00  |     3,414.20  |  17,290.98  |        2.85% |      821.60 
SMDS | DS Smith                  |  4,310  | 14,997.11  |   309.9000  |   13,356.69  |     4.59% |   -1,640.42  |      0.00  |     2,124.83  |     484.41  |        5.81% |      775.80 
IBST | Ibstock                   |  5,849  | 14,999.47  |   155.2000  |    9,077.65  |     3.12% |   -5,921.82  |      0.00  |     1,614.29  |  -4,307.53  |        5.67% |      514.71 
BLND | British Land Company      |  1,273  |  7,494.24  |   343.9000  |    4,377.85  |     1.50% |   -3,116.39  |      0.00  |       920.01  |  -2,196.38  |        6.58% |      288.20 
LAND | Land Securities Grp       |    818  |  7,499.19  |   608.4000  |    4,976.71  |     1.71% |   -2,522.48  |      0.00  |     1,026.15  |  -1,496.33  |        6.34% |      315.74 
BHP  | BHP Grp                   |    838  | 14,992.51  | 2,370.5000  |   19,864.79  |     6.83% |    4,872.28  |      0.00  |     5,402.17  |  10,274.45  |        8.89% |    1,765.26 
RIO  | Rio Tinto                 |    173  |  9,833.07  | 5,068.0000  |    8,767.64  |     3.01% |   -1,065.43  |      0.00  |     1,705.53  |     640.10  |        8.03% |      704.07 
SHEL | Shell                     |    457  |  9,626.22  | 2,278.0000  |   10,410.46  |     3.58% |      784.24  |    105.06  |     1,375.29  |   2,264.59  |        4.02% |      418.38 
BP   | BP                        |  1,347  |  7,496.10  |   462.6000  |    6,231.22  |     2.14% |   -1,264.88  |     71.51  |     1,190.77  |      -2.60  |        4.56% |      283.82 
WDS  | Woodside Energy Grp Ltd   |    593  | 10,702.17  | 1,836.0000  |   10,887.48  |     3.74% |      185.31  |      0.00  |       325.49  |     510.80  |       10.95% |    1,192.59 
VOD  | Vodafone Grp              | 10,077  | 14,998.48  |    72.8500  |    7,341.09  |     2.52% |   -7,657.39  |    387.34  |     3,115.82  |  -4,154.23  |       10.55% |      774.69 
CCL  | Carnival Corp.            |    384  | 14,979.79  | 1,024.5000  |    3,934.08  |     1.35% |  -11,045.71  |      0.00  |       610.18  | -10,435.53  |        0.00% |        0.00 
PNN  | Pennon Grp                |  1,316  | 10,670.59  |   787.0000  |   10,356.92  |     3.56% |     -313.67  |      0.00  |     1,971.32  |   1,657.65  |        5.43% |      562.32 
     |                           |         |            |             |              |           |              |            |               |             |              |             
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Sub Total:                |         |            |             | £289,489.45  |    99.46% | -£33,253.93  | £1,572.99  |               |             |        6.26% |  £18,111.09 
     | Cash Balance:             |         |            |             |      £11.68  |     0.00% |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,572.99  |     0.54% |              |            |               |             |              |             
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Current Value:            |         |            |             | £291,074.12  |           |              |            |               |             |              |             
     | From:                     |         |            |             |              |           |              |            |               |             |              |             
     | Cash In:                  |         |            |             | £254,904.77  |           |              |            |               |             |              |             
     | LESS Cash Out:            |         |            |             |       £0.00  |           |              |            |               |             |              |             
     | Dividends Rec'd:          |         |            |             |  £58,671.35  |           |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,572.99  |           |              |            |               |             |              |             
     | Realised P/L:             | [2]     |            |             |   £9,178.94  |           |              |            |               |             |              |             
     | UnRealised P/L:           |         |            |             | -£33,253.93  |           |              |            |               |             |              |             
     |                           |         |            |             |              |   XIRR    |              |            |               |             |              |             
     | Total:                    |         |            |             | £291,074.12  |   3.18%   |              |            |               |             |              |

Current Portfolio: Business Sectors

Business           |  Cost (£)  |  Value (£)  |  Value (%)  |  P/L (£)    |  Ex-Div (£)  |  Div Rec'd (£)  |  Overall (£)  | Y'ld (%) [1] |  Year Div (£) 
Tobacco            | 34,480.55  |  29,907.11  |      10.27% |  -4,573.44  |      276.99  |       8,321.14  |     4,024.69  |        8.39% |      2,509.75 
Weapons            | 14,995.20  |  28,871.98  |       9.92% |  13,876.78  |        0.00  |       3,414.20  |    17,290.98  |        2.85% |        821.60 
Mining             | 24,825.58  |  28,632.43  |       9.84% |   3,806.85  |        0.00  |       7,107.70  |    10,914.55  |        8.62% |      2,469.33 
Oil                | 27,824.49  |  27,529.16  |       9.46% |    -295.33  |      176.57  |       2,891.55  |     2,772.79  |        6.88% |      1,894.79 
Fund Manager       | 24,586.92  |  20,874.97  |       7.17% |  -3,711.95  |        0.00  |       6,288.07  |     2,576.12  |        7.76% |      1,619.77 
Gambling           | 14,999.32  |  19,251.14  |       6.61% |   4,251.82  |        0.00  |       4,808.59  |     9,060.41  |        6.38% |      1,229.09 
Advertising        | 14,997.55  |  15,503.80  |       5.33% |     506.25  |      434.32  |       2,317.56  |     3,258.13  |        4.52% |        701.32 
Insurance: NonLife | 20,716.58  |  14,673.06  |       5.04% |  -6,043.52  |        0.00  |         356.51  |    -5,687.01  |        4.60% |        675.03 
Insurance: Life    | 14,970.64  |  14,586.06  |       5.01% |    -384.58  |        0.00  |       4,653.88  |     4,269.30  |        7.79% |      1,135.53 
Banks              | 14,998.27  |  14,678.53  |       5.04% |    -319.74  |      192.49  |       1,935.67  |     1,808.42  |        5.25% |        770.78 
Packaging          | 14,997.11  |  13,356.69  |       4.59% |  -1,640.42  |        0.00  |       2,124.83  |       484.41  |        5.81% |        775.80 
Utility: Water     | 10,670.59  |  10,356.92  |       3.56% |    -313.67  |        0.00  |       1,971.32  |     1,657.65  |        5.43% |        562.32 
Pharma             | 11,986.74  |  10,330.98  |       3.55% |  -1,655.76  |      105.28  |       2,719.14  |     1,168.66  |        4.11% |        424.88 
Real Estate IT     | 14,993.43  |   9,354.56  |       3.21% |  -5,638.87  |        0.00  |       1,946.16  |    -3,692.71  |        6.46% |        603.94 
Bricks             | 14,999.47  |   9,077.65  |       3.12% |  -5,921.82  |        0.00  |       1,614.29  |    -4,307.53  |        5.67% |        514.71 
Television         | 14,999.08  |   8,205.34  |       2.82% |  -6,793.74  |        0.00  |       1,899.25  |    -4,894.49  |        7.10% |        582.60 
Telecom: Mobile    | 14,998.48  |   7,341.09  |       2.52% |  -7,657.39  |      387.34  |       3,115.82  |    -4,154.23  |       10.55% |        774.69 
Cruising           | 14,979.79  |   3,934.08  |       1.35% | -11,045.71  |        0.00  |         610.18  |   -10,435.53  |        0.00% |          0.00 
Medical Products   |  2,723.59  |   3,023.90  |       1.04% |     300.31  |        0.00  |          22.58  |       322.89  |        1.49% |         45.16

[1] - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

[2] - Realised Profit and Loss & Return of Capital – To Date

Date      | EPIC | Name                      | Real P&L (£) |         Comment                                                  
20-Sep-19 | IBST | Ibstock                   |      292.45  | Return of Capital                                                           
09-Oct-19 | GNK  | Greene King               |    4,188.29  | Sale – Pending Takeover                                                     
16-Jul-21 | PNN  | Pennon Group              |    1,676.05  | Return of Capital - Share Consolidation                                     
21-Sep-21 | BHP  | BHP Group                 |      550.49  | Return of Capital                                                           
16-May-22 | AV   | Aviva                     |      173.70  | Return of Capital - Share Consolidation                                     
01-Jun-22 | BHP  | BHP Group                 |    2,565.55  | Return of Capital - Woodside Energy Group (WDS) shares                      
19-Jul-22 | GSK  | GSK PLC                   |     -275.74  | Return of Capital - Haleon PLC (HLN) shares - Share Consolidation           
19-Jul-22 | WDS  | Woodside Energy Group Ltd |        8.15  | Return of Capital - Share Consolidation
          |      |                           |              |                                                                             
          |      | Total                     |   £9,178.94  |

Next Actions Required

Next Dividend Re-Investment

Dividends received by this Portfolio are re-invested on the 10th day of each month or, should that not be a market day, the first market day after the 10th day, just so long as a cash balance of at least £2,000.00 is available the day before. Therefore, based on current dividend expectations, the anticipated Dividend Re-Investment timetable for the next 12 months is as follows:

Date      | Balance   | Re-Invest?
10-Jul-23 | 1,092.32  | N         
10-Aug-23 | 1,823.63  | N         
11-Sep-23 | 3,063.01  | Y         
10-Oct-23 | 4,032.23  | Y         
10-Nov-23 | 1,924.90  | N         
11-Dec-23 | 2,632.21  | Y         
10-Jan-24 | 1,029.13  | N         
12-Feb-24 | 1,954.81  | N         
11-Mar-24 | 2,321.05  | Y         
10-Apr-24 | 2,330.46  | Y         
10-May-24 | 1,285.40  | N         
10-Jun-24 | 3,721.36  | Y

The next Dividend Re-Investment will therefore be on 11 Sep 2023 when £3,063.01 is currently forecast to be available for re-investment. At the moment, it looks as if this amount will once again be invested in increasing the holding of Woodside Energy Group (WDS), currently the highest sustainable yield available. The limit of 10% imposed upon the Value Concentration of the portfolio, would still be respected.

Of course, there are three months to wait during which much could change. As usual, a final decision will be made, and reported here, a few of days before the Re-Investment is due to be made.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=39072

The intention is to keep this thread simply recording the history of the Portfolio, during its fifth year.

Enjoy!

Ian

IanTHughes · #613823

PYAD HYP 2019_04 REINVEST – Year Five: Dividend Re-Investment – 11 September 2023 - Decision

For the activity during Year One of this portfolio please see this thread: viewtopic.php?f=15&t=17908
For the activity during Year Two of this portfolio please see this thread: viewtopic.php?f=15&t=22901
For the activity during Year Three of this portfolio please see this thread: viewtopic.php?f=15&t=33979
For the activity during Year Four of this portfolio please see this thread: viewtopic.php?f=15&t=34041

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140 and subsequently managed by myself.

Further details of how updates are to be made to this portfolio can be found on this thread: viewtopic.php?p=218513#p218513

Dividend Re-Investment Decision – 09 September 2023

Current Portfolio: Holdings

EPIC |         Company           |  Shares |  Cost (£)  |  Price (p)  |   Value (£)  | Value (%) |   P/L (£)    | Ex-Div (£) | Div Rec'd (£) | Overall (£) | Y'ld (%) [1] | Year Div (£)
IMB  | Imperial Brands           |  1,283  | 26,121.51  | 1,756.0000  |   22,529.48  |     7.82% |   -3,592.03  |    276.99  |     6,673.59  |   3,358.55  |        8.08% |    1,819.42 
BATS | British American Tobacco  |    299  |  8,359.04  | 2,592.0000  |    7,750.08  |     2.69% |     -608.96  |      0.00  |     2,097.12  |   1,488.16  |        8.91% |      690.33 
WPP  | WPP                       |  1,780  | 14,997.55  |   760.6000  |   13,538.68  |     4.70% |   -1,458.87  |      0.00  |     2,751.88  |   1,293.01  |        5.18% |      701.32 
ITV  | ITV                       | 11,652  | 14,999.08  |    71.0000  |    8,272.92  |     2.87% |   -6,726.16  |      0.00  |     1,899.25  |  -4,826.91  |        7.04% |      582.60 
HSBA | HSBC Holdings             |  2,425  | 14,998.27  |   584.4000  |   14,171.70  |     4.92% |     -826.57  |    192.59  |     2,128.16  |   1,494.18  |        5.44% |      770.39 
IGG  | IG Grp Holdings           |  2,762  | 14,999.32  |   658.0000  |   18,173.96  |     6.31% |    3,174.64  |      0.00  |     4,808.59  |   7,983.23  |        6.87% |    1,248.42 
ABDN | Abrdn PLC                 |  6,389  | 17,397.08  |   156.5000  |    9,998.79  |     3.47% |   -7,398.29  |    466.39  |     4,900.59  |  -2,031.31  |        9.33% |      932.79 
MNG  | M & G PLC                 |  3,505  |  7,189.84  |   193.6000  |    6,785.68  |     2.36% |     -404.16  |      0.00  |     1,387.48  |     983.32  |       10.12% |      686.98 
AV   | Aviva                     |  3,663  | 14,970.64  |   369.2000  |   13,523.79  |     4.69% |   -1,446.85  |    406.59  |     4,653.88  |   3,613.62  |        8.61% |    1,164.83 
DLG  | Direct Line Insurance Grp |  8,882  | 20,716.58  |   181.5000  |   16,120.85  |     5.60% |   -4,595.73  |      0.00  |       356.51  |  -4,239.22  |        0.00% |        0.00 
GSK  | GSK PLC                   |    752  | 11,986.74  | 1,444.2000  |   10,860.38  |     3.77% |   -1,126.36  |    105.28  |     2,824.42  |   1,803.34  |        3.91% |      424.88 
HLN  | Haleon PLC                |    941  |  2,723.59  |   318.8500  |    3,000.38  |     1.04% |      276.79  |     16.93  |        22.58  |     316.30  |        1.32% |       39.52 
BA   | BAE Systems               |  3,043  | 14,995.20  | 1,027.5000  |   31,266.83  |    10.85% |   16,271.63  |      0.00  |     3,414.20  |  19,685.83  |        2.73% |      855.07 
SMDS | DS Smith                  |  4,310  | 14,997.11  |   289.9000  |   12,494.69  |     4.34% |   -2,502.42  |    517.20  |     2,124.83  |     139.61  |        6.21% |      775.80 
IBST | Ibstock                   |  5,849  | 14,999.47  |   145.0000  |    8,481.05  |     2.94% |   -6,518.42  |    198.86  |     1,614.29  |  -4,705.27  |        6.14% |      520.56 
BLND | British Land Company      |  1,273  |  7,494.24  |   311.1000  |    3,960.30  |     1.38% |   -3,533.94  |      0.00  |     1,060.54  |  -2,473.40  |        7.28% |      288.20 
LAND | Land Securities Grp       |    818  |  7,499.19  |   577.4000  |    4,723.13  |     1.64% |   -2,776.06  |     73.62  |     1,124.31  |  -1,578.13  |        6.75% |      319.02 
BHP  | BHP Grp                   |    838  | 14,992.51  | 2,207.0000  |   18,494.66  |     6.42% |    3,502.15  |    532.44  |     5,402.17  |   9,436.76  |        6.12% |    1,131.44 
RIO  | Rio Tinto                 |    173  |  9,833.07  | 4,834.5000  |    8,363.69  |     2.90% |   -1,469.38  |    238.16  |     1,705.53  |     474.31  |        6.68% |      558.82 
SHEL | Shell                     |    457  |  9,626.22  | 2,502.5000  |   11,436.43  |     3.97% |    1,810.21  |    119.36  |     1,480.35  |   3,409.92  |        4.20% |      479.78 
BP   | BP                        |  1,347  |  7,496.10  |   517.3000  |    6,968.03  |     2.42% |     -528.07  |     77.21  |     1,262.28  |     811.42  |        4.46% |      310.52 
WDS  | Woodside Energy Grp Ltd   |    593  | 10,702.17  | 1,957.0000  |   11,605.01  |     4.03% |      902.84  |    376.77  |       325.49  |   1,605.10  |        9.09% |    1,054.97 
VOD  | Vodafone Grp              | 10,077  | 14,998.48  |    73.2200  |    7,378.38  |     2.56% |   -7,620.10  |      0.00  |     3,505.16  |  -4,114.94  |       10.52% |      776.21 
CCL  | Carnival Corp.            |    384  | 14,979.79  | 1,086.5000  |    4,172.16  |     1.45% |  -10,807.63  |      0.00  |       610.18  | -10,197.45  |        0.00% |        0.00 
PNN  | Pennon Grp                |  1,316  | 10,670.59  |   611.5000  |    8,047.34  |     2.79% |   -2,623.25  |      0.00  |     2,363.09  |    -260.16  |        6.99% |      562.32 
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Sub Total:                |         |            |             | £282,118.39  |    97.92% | -£40,624.99  | £3,598.39  |               |             |        5.92% |  £16,694.19 
     | Cash Balance:             |         |            |             |   £2,389.71  |     0.83% |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £3,598.39  |     1.25% |              |            |               |             |              |             
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Current Value:            |         |            |             | £288,106.49  |           |              |            |               |             |              |             
     | From:                     |         |            |             |              |           |              |            |               |             |              |             
     | Cash In:                  |         |            |             | £254,904.77  |           |              |            |               |             |              |             
     | LESS Cash Out:            |         |            |             |       £0.00  |           |              |            |               |             |              |             
     | Dividends Rec'd:          |         |            |             |  £61,049.38  |           |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £3,598.39  |           |              |            |               |             |              |             
     | Realised P/L:             | [2]     |            |             |   £9,178.94  |           |              |            |               |             |              |             
     | UnRealised P/L:           |         |            |             | -£40,624.99  |           |              |            |               |             |              |             
     |                           |         |            |             |              |   XIRR    |              |            |               |             |              |             
     | Total:                    |         |            |             | £288,106.49  |   2.77%   |              |            |               |             |              |

Current Portfolio: Business Sectors

     Business      |  Cost (£)  |  Value (£)  |  Value (%)  |   P/L (£)   |  Ex-Div (£)  |  Div Rec'd (£)  |  Overall (£)  | Y'ld (%) [1] |  Year Div (£) 
Weapons            | 14,995.20  |  31,266.83  |      10.85% |  16,271.63  |        0.00  |       3,414.20  |    19,685.83  |        2.73% |        855.07 
Tobacco            | 34,480.55  |  30,279.56  |      10.51% |  -4,200.99  |      276.99  |       8,770.71  |     4,846.71  |        8.29% |      2,509.75 
Oil                | 27,824.49  |  30,009.47  |      10.42% |   2,184.98  |      573.34  |       3,068.12  |     5,826.44  |        6.15% |      1,845.27 
Mining             | 24,825.58  |  26,858.35  |       9.32% |   2,032.77  |      770.60  |       7,107.70  |     9,911.07  |        6.29% |      1,690.26 
Gambling           | 14,999.32  |  18,173.96  |       6.31% |   3,174.64  |        0.00  |       4,808.59  |     7,983.23  |        6.87% |      1,248.42 
Fund Manager       | 24,586.92  |  16,784.47  |       5.83% |  -7,802.45  |      466.39  |       6,288.07  |    -1,047.99  |        9.65% |      1,619.77 
Banks              | 14,998.27  |  14,171.70  |       4.92% |    -826.57  |      192.59  |       2,128.16  |     1,494.18  |        5.44% |        770.39 
Advertising        | 14,997.55  |  13,538.68  |       4.70% |  -1,458.87  |        0.00  |       2,751.88  |     1,293.01  |        5.18% |        701.32 
Insurance: Life    | 14,970.64  |  13,523.79  |       4.69% |  -1,446.85  |      406.59  |       4,653.88  |     3,613.62  |        8.61% |      1,164.83 
Insurance: NonLife | 20,716.58  |  16,120.85  |       5.60% |  -4,595.73  |        0.00  |         356.51  |    -4,239.22  |        0.00% |          0.00 
Packaging          | 14,997.11  |  12,494.69  |       4.34% |  -2,502.42  |      517.20  |       2,124.83  |       139.61  |        6.21% |        775.80 
Pharma             | 11,986.74  |  10,860.38  |       3.77% |  -1,126.36  |      105.28  |       2,824.42  |     1,803.34  |        3.91% |        424.88 
Real Estate IT     | 14,993.43  |   8,683.43  |       3.01% |  -6,310.00  |       73.62  |       2,184.85  |    -4,051.53  |        6.99% |        607.22 
Bricks             | 14,999.47  |   8,481.05  |       2.94% |  -6,518.42  |      198.86  |       1,614.29  |    -4,705.27  |        6.14% |        520.56 
Television         | 14,999.08  |   8,272.92  |       2.87% |  -6,726.16  |        0.00  |       1,899.25  |    -4,826.91  |        7.04% |        582.60 
Utility: Water     | 10,670.59  |   8,047.34  |       2.79% |  -2,623.25  |        0.00  |       2,363.09  |      -260.16  |        6.99% |        562.32 
Telecom: Mobile    | 14,998.48  |   7,378.38  |       2.56% |  -7,620.10  |        0.00  |       3,505.16  |    -4,114.94  |       10.52% |        776.21 
Cruising           | 14,979.79  |   4,172.16  |       1.45% | -10,807.63  |        0.00  |         610.18  |   -10,197.45  |        0.00% |          0.00 
Medical Products   |  2,723.59  |   3,000.38  |       1.04% |     276.79  |       16.93  |          22.58  |       316.30  |        1.32% |         39.52

[1] - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

[2] - Realised Profit and Loss & Return of Capital – To Date

Date      | EPIC | Name                      | Real P&L (£) | Comment                                                                     
20-Sep-19 | IBST | Ibstock                   |      292.45  | Return of Capital                                                           
09-Oct-19 | GNK  | Greene King               |    4,188.29  | Sale – Pending Takeover                                                     
16-Jul-21 | PNN  | Pennon Group              |    1,676.05  | Return of Capital - Share Consolidation                                     
21-Sep-21 | BHP  | BHP Group                 |      550.49  | Return of Capital                                                           
16-May-22 | AV   | Aviva                     |      173.70  | Return of Capital - Share Consolidation                                     
01-Jun-22 | BHP  | BHP Group                 |    2,565.55  | Return of Capital - Woodside Energy Group (WDS) shares                      
19-Jul-22 | GSK  | GSK PLC                   |     -275.74  | Return of Capital - Haleon PLC (HLN) shares - Share Consolidation           
19-Jul-22 | WDS  | Woodside Energy Group Ltd |        8.15  | Return of Capital - Woodside Energy Group (WDS) shares - Share Consolidation
          |      |                           |              |                                                                             
          |      | Total                     |   £9,178.94  |

Dividend Re-Investment: 11 September 2023

As at the close of business on Friday 08 September 2023, the amount available for re-investment was £2,389.71. This amount will be used to invest in one holding on Monday 11 September 2023.

Candidates

I am not one to place a limit on the yield being purchased. HYP is an income strategy so forget any idea of limiting the yield to twice the number you first thought of after stepping off the scales this morning. I am looking for the “Highest Sustainable Yield”.

To this end, the following candidates were considered:

EPIC | Company                  | Reward (%) | Decision     | Comments                                              
VOD  | Vodafone Grp             |     10.52% | Possible     | Resultant Sector Value Concentration (3.39%)          
MNG  | M & G PLC                |     10.12% | Possible     | Resultant Sector Value Concentration (6.65%)          
PHNX | Phoenix Grp Holdings     |      9.92% | Possible     | Resultant Sector Value Concentration (5.52%)          
LGEN | Legal & General Grp      |      9.07% | Possible     | Resultant Sector Value Concentration (6.42%)          
BATS | British American Tobacco |      8.91% | Disqualified | Resultant Sector Value Concentration (11.33%) too high
AV   | Aviva                    |      8.61% | Possible     | Resultant Sector Value Concentration (5.52%)          
IMB  | Imperial Brands          |      8.08% | Disqualified | Resultant Sector Value Concentration (11.33%) too high
BLND | British Land Company     |      7.28% | Possible     | Resultant Sector Value Concentration (3.84%)          
ITV  | ITV                      |      7.04% | Possible     | Resultant Sector Value Concentration (3.70%)          
PNN  | Pennon Grp               |      6.99% | Possible     | Resultant Sector Value Concentration (3.62%)          
IGG  | IG Grp Holdings          |      6.87% | Possible     | Resultant Sector Value Concentration (7.13%)          
LAND | Land Securities Grp      |      6.75% | Possible     | Resultant Sector Value Concentration (3.84%)          
RIO  | Rio Tinto                |      6.68% | Disqualified | Resultant Sector Value Concentration (10.15%) too high
SMDS | DS Smith                 |      6.21% | Possible     | Resultant Sector Value Concentration (5.16%)          
IBST | Ibstock                  |      6.14% | Possible     | Resultant Sector Value Concentration (3.77%)          
BHP  | BHP Grp                  |      6.12% | Disqualified | Resultant Sector Value Concentration (10.15%) too high

Decision

Ignoring those that are disqualified in order to avoid over-concentration by Business Sector, we end up with the top four as follows …..

1. Vodafone Grp (VOD) – Yield 10.52%

https://www.investegate.co.uk/announcem ... ts/7528159

Re-reading the Final Results for the year ending 31 Mar 2023, I am once again drawn to the comments of the recently installed CEO, Margherita Della Valle, as follows:

Today I am announcing my plans for Vodafone. Our performance has not been good enough. To consistently deliver, Vodafone must change.

My priorities are customers, simplicity and growth. We will simplify our organisation, cutting out complexity to regain our competitiveness. We will reallocate resources to deliver the quality service our customers expect and drive further growth from the unique position of Vodafone Business.

VOD does generate a lot of cash but also has large liabilities, liabilities which of course gobble up some of that cash. The CEO’s comments above are further explained on their website.

We have a new roadmap for Vodafone based on three priorities: customers, simplicity and growth. We must make four key strategic shifts to meet our ambition of best-in-class telco in Europe & Africa, and Europe's leading platform for Business.

The so-called “action plan” can be found here: https://investors.vodafone.com/about-us ... d-strategy

Not much to go on but it is all I can find!

The 5G Merger between Vodafone UK and Three UK, would appear to be one of the first “actions” to have been taken.

https://www.investegate.co.uk/announcem ... k-/7574821

My suspicion is, and it is only a suspicion, the management are going to concentrate on doing whatever is necessary to restore value to the company shares. I am not convinced that a dividend cut will be a part of that, but it cannot be ruled out. I would however be surprised if there were to be an increase in dividend, while this “action plan” is ongoing.

So, in spite of the cash generation, VOD is to be passed over, at least until more information is available as to what other actions will be taken. I suspect we will have to wait until the interim results, due in November, when of course the next dividend will be announced.

2. M & G PLC (MNG) – Yield 10.12%

Now this looks like a better option. An “action plan” already half-way implemented and producing results!

In the latest Trading Update at the end of Quarter One: https://www.investegate.co.uk/announcem ... ts/7564998

Andrea Rossi, Group Chief Executive Officer, said:

"M&G started the year building on our strong momentum from 2022. At Full-Year Results we identified three priorities for the Group: maintain financial strength through capital discipline, simplify the business, and deliver profitable growth focusing on Asset Management and Wealth. I am pleased to say we have made good progress on each of those fronts and are on track to deliver on our ambitious targets.

"I am particularly encouraged by the £1.0 billion net client inflows achieved in Wholesale Asset Management in just three months. Thanks to this success, we more than offset the expected redemptions from institutional clients and drove inflows into high-margin propositions. Much of this growth has come from our home market, the UK, where we were amongst the 'top five' managers by net flows in the period [1}, ending a long period of subdued performance.

[1] Source: The Pridham report

"In Institutional Asset Management, despite known headwinds in the UK, we have continued to expand our presence in Europe, winning large mandates in the Netherlands and Switzerland, where we secured £0.8 billion in funding from the Swiss Investment Fund for Emerging Markets.

"Turning to M&G Wealth, we continue to see good momentum, with PruFund sales growing to £1.6 billion in Q1. In May we launched PruFund Growth, PruFund Cautious and PruFund Risk Managed versions on our digital platform, further expanding the reach of this unique proposition. Making the wider PruFund range more accessible to financial intermediaries will support flows in the second half of the year and beyond.

"Looking ahead, I'm both confident and excited about the prospects for M&G, as we execute on the strategy outlined at Full-Year Results. I am enthused by the progress to date and remain focused on delivering operational efficiencies to benefit both clients and shareholders. Notwithstanding an uncertain external environment, we are building on the inherent strengths of our differentiated business model, delivering profitable growth alongside attractive shareholders returns."

The dividend returns since its listing in 2017, have culminated in an increase in dividend for the last year of 7.10%. I would not be surprised if there was an increase in dividend this current year and, although I suspect the management may well further boost the share buy-back program, I would be surprised if there were to be a dividend cut.

There would appear to be no reason to ignore MNG.

3. Phoenix Grp Holdings (PHNX) – Yield 9.92%
and
4. Legal & General Grp (LGEN) – Yield 9.07%

These two are listed mainly to show that, although the portfolio has no holding of either, they have both been added to the watch-list. My brief review of both would indicate a thumbs-up, if MNG had been passed over.

I will be having a further quick review this weekend - 9/10 September 2023 - but for now …..

Fund Manager – M & G PLC (MNG) – Yield 10.12% - is the decision for this dividend re-investment.

The Sector Value Concentration after purchase (6.65%) will leave the Fund Manager Business Sector holding as number five by that measure, well below the maximum allowed – 10% - but who knows, there may be further purchases to come.
I am not intending to purchase MNG for any of the “real” portfolios under my control, and therefore the price to be applied for this “virtual” purchase will be the Mid Price reported on the day. I shall post an update when the details of the purchase are known.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=39072

The intention is to keep this thread simply recording the events of the Portfolio during its fifth year.

Enjoy!

Ian

IanTHughes · #614442

For the activity during Year One of this portfolio please see this thread: viewtopic.php?f=15&t=17908
For the activity during Year Two of this portfolio please see this thread: viewtopic.php?f=15&t=22901
For the activity during Year Three of this portfolio please see this thread: viewtopic.php?f=15&t=33979
For the activity during Year Four of this portfolio please see this thread: viewtopic.php?f=15&t=34041

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140

Further details of how updates are to be made to this portfolio can be found on this thread: viewtopic.php?p=218513#p218513

Update 11 September 2023

Dividend Re-Investment Purchase: Transaction Details

The Dividend Re-Investment indicated in the previous post has now been made as follows:

Date      | Business     | EPIC | Shares | Price (p) | Cash (£)   | Stamp (£) | Fee (£) | Total (£)  | Yield (%)
11-Sep-23 | Fund Manager | MNG  | 1,212  | 195.9500  | -2,374.91  |   -11.87  |  -1.50  | -2,388.28  |  10.00%

The price achieved is the Mid Price for the day, calculated by halving the total of the day’s High Price and Low Price.

Current Portfolio: Holdings

EPIC |      Company              |  Shares | Cost (£)   |  Price (p)  |   Value (£)  | Value (%) |   P/L (£)    | Ex-Div (£) | Div Rec'd (£) | Overall (£) | Y'ld (%) [1] | Year Div (£)
IMB  | Imperial Brands           |  1,283  | 26,121.51  | 1,767.0000  |   22,670.61  |     7.80% |   -3,450.90  |    276.99  |     6,673.59  |   3,499.68  |        8.03% |    1,819.42 
BATS | British American Tobacco  |    299  |  8,359.04  | 2,638.5000  |    7,889.12  |     2.72% |     -469.92  |      0.00  |     2,097.12  |   1,627.20  |        8.75% |      690.33 
WPP  | WPP                       |  1,780  | 14,997.55  |   768.0000  |   13,670.40  |     4.70% |   -1,327.15  |      0.00  |     2,751.88  |   1,424.73  |        5.13% |      701.32 
ITV  | ITV                       | 11,652  | 14,999.08  |    72.4200  |    8,438.38  |     2.90% |   -6,560.70  |      0.00  |     1,899.25  |  -4,661.45  |        6.90% |      582.60 
HSBA | HSBC Holdings             |  2,425  | 14,998.27  |   590.0000  |   14,307.50  |     4.92% |     -690.77  |    193.46  |     2,128.16  |   1,630.85  |        5.43% |      776.95 
IGG  | IG Grp Holdings           |  2,762  | 14,999.32  |   667.5000  |   18,436.35  |     6.34% |    3,437.03  |      0.00  |     4,808.59  |   8,245.62  |        6.77% |    1,248.42 
ABDN | Abrdn PLC                 |  6,389  | 17,397.08  |   157.2500  |   10,046.71  |     3.46% |   -7,350.37  |    466.39  |     4,900.59  |  -1,983.39  |        9.28% |      932.79 
MNG  | M & G PLC                 |  4,717  |  9,578.12  |   198.2500  |    9,351.46  |     3.22% |     -226.66  |      0.00  |     1,387.48  |   1,160.82  |        9.89% |      924.53 
AV   | Aviva                     |  3,663  | 14,970.64  |   374.9000  |   13,732.59  |     4.73% |   -1,238.05  |    406.59  |     4,653.88  |   3,822.42  |        8.48% |    1,164.83 
DLG  | Direct Line Insurance Grp |  8,882  | 20,716.58  |   176.0000  |   15,632.32  |     5.38% |   -5,084.26  |      0.00  |       356.51  |  -4,727.75  |        0.00% |        0.00 
GSK  | GSK PLC                   |    752  | 11,986.74  | 1,468.8000  |   11,045.38  |     3.80% |     -941.36  |    105.28  |     2,824.42  |   1,988.34  |        3.85% |      424.88 
HLN  | Haleon PLC                |    941  |  2,723.59  |   324.8000  |    3,056.37  |     1.05% |      332.78  |     16.93  |        22.58  |     372.29  |        1.29% |       39.52 
BA   | BAE Systems               |  3,043  | 14,995.20  | 1,038.5000  |   31,601.56  |    10.87% |   16,606.36  |      0.00  |     3,414.20  |  20,020.56  |        2.71% |      855.07 
SMDS | DS Smith                  |  4,310  | 14,997.11  |   290.5000  |   12,520.55  |     4.31% |   -2,476.56  |    517.20  |     2,124.83  |     165.47  |        6.20% |      775.80 
IBST | Ibstock                   |  5,849  | 14,999.47  |   145.1000  |    8,486.90  |     2.92% |   -6,512.57  |    198.86  |     1,614.29  |  -4,699.42  |        6.13% |      520.56 
BLND | British Land Company      |  1,273  |  7,494.24  |   313.3000  |    3,988.31  |     1.37% |   -3,505.93  |      0.00  |     1,060.54  |  -2,445.39  |        7.23% |      288.20 
LAND | Land Securities Grp       |    818  |  7,499.19  |   579.6000  |    4,741.13  |     1.63% |   -2,758.06  |     73.62  |     1,124.31  |  -1,560.13  |        6.73% |      319.02 
BHP  | BHP Grp                   |    838  | 14,992.51  | 2,256.0000  |   18,905.28  |     6.51% |    3,912.77  |    536.94  |     5,402.17  |   9,851.88  |        6.04% |    1,141.85 
RIO  | Rio Tinto                 |    173  |  9,833.07  | 5,001.0000  |    8,651.73  |     2.98% |   -1,181.34  |    238.16  |     1,705.53  |     762.35  |        6.46% |      558.82 
SHEL | Shell                     |    457  |  9,626.22  | 2,510.0000  |   11,470.70  |     3.95% |    1,844.48  |    119.36  |     1,480.35  |   3,444.19  |        4.21% |      483.34 
BP   | BP                        |  1,347  |  7,496.10  |   517.3000  |    6,968.03  |     2.40% |     -528.07  |     77.21  |     1,262.28  |     811.42  |        4.49% |      312.83 
WDS  | Woodside Energy Grp Ltd   |    593  | 10,702.17  | 1,964.0000  |   11,646.52  |     4.01% |      944.35  |    380.49  |       325.49  |   1,650.33  |        9.15% |    1,065.38 
VOD  | Vodafone Grp              | 10,077  | 14,998.48  |    75.1300  |    7,570.85  |     2.61% |   -7,427.63  |      0.00  |     3,505.16  |  -3,922.47  |       10.29% |      778.95 
CCL  | Carnival Corp.            |    384  | 14,979.79  | 1,077.5000  |    4,137.60  |     1.42% |  -10,842.19  |      0.00  |       610.18  | -10,232.01  |        0.00% |        0.00 
PNN  | Pennon Grp                |  1,316  | 10,670.59  |   611.0000  |    8,040.76  |     2.77% |   -2,629.83  |      0.00  |     2,363.09  |    -266.74  |        6.99% |      562.32 
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Sub Total:                |         |            |             | £287,007.11  |    98.76% | -£38,124.55  | £3,607.48  |               |             |        5.91% |  £16,967.73 
     | Cash Balance:             |         |            |             |       £1.43  |     0.00% |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £3,607.48  |     1.24% |              |            |               |             |              |             
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Current Value:            |         |            |             | £290,616.02  |           |              |            |               |             |              |             
     | From:                     |         |            |             |              |           |              |            |               |             |              |             
     | Cash In:                  |         |            |             | £254,904.77  |           |              |            |               |             |              |             
     | LESS Cash Out:            |         |            |             |       £0.00  |           |              |            |               |             |              |             
     | Dividends Rec'd:          |         |            |             |  £61,049.38  |           |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £3,607.48  |           |              |            |               |             |              |             
     | Realised P/L:             | [2]     |            |             |   £9,178.94  |           |              |            |               |             |              |             
     | UnRealised P/L:           |         |            |             | -£38,124.55  |           |              |            |               |             |              |             
     |                           |         |            |             |              |    XIRR   |              |            |               |             |              |             
     | Total:                    |         |            |             | £290,616.02  |   2.96%   |              |            |               |             |              |

Current Portfolio: Business Sectors

     Business      |  Cost (£)  |  Value (£)  |  Value (%)  |  P/L (£)    |  Ex-Div (£)  |  Div Rec'd (£)  |  Overall (£)  | Y'ld (%) [1] |  Year Div (£) 
Weapons            | 14,995.20  |  31,601.56  |      10.87% |  16,606.36  |        0.00  |       3,414.20  |    20,020.56  |        2.71% |        855.07 
Tobacco            | 34,480.55  |  30,559.73  |      10.52% |  -3,920.82  |      276.99  |       8,770.71  |     5,126.88  |        8.21% |      2,509.75 
Oil                | 27,824.49  |  30,085.25  |      10.35% |   2,260.76  |      577.06  |       3,068.12  |     5,905.94  |        6.19% |      1,861.55 
Mining             | 24,825.58  |  27,557.01  |       9.48% |   2,731.43  |      775.10  |       7,107.70  |    10,614.23  |        6.17% |      1,700.67 
Fund Manager       | 26,975.20  |  19,398.17  |       6.67% |  -7,577.03  |      466.39  |       6,288.07  |      -822.57  |        9.57% |      1,857.32 
Gambling           | 14,999.32  |  18,436.35  |       6.34% |   3,437.03  |        0.00  |       4,808.59  |     8,245.62  |        6.77% |      1,248.42 
Insurance: NonLife | 20,716.58  |  15,632.32  |       5.38% |  -5,084.26  |        0.00  |         356.51  |    -4,727.75  |        0.00% |          0.00 
Banks              | 14,998.27  |  14,307.50  |       4.92% |    -690.77  |      193.46  |       2,128.16  |     1,630.85  |        5.43% |        776.95 
Insurance: Life    | 14,970.64  |  13,732.59  |       4.73% |  -1,238.05  |      406.59  |       4,653.88  |     3,822.42  |        8.48% |      1,164.83 
Advertising        | 14,997.55  |  13,670.40  |       4.70% |  -1,327.15  |        0.00  |       2,751.88  |     1,424.73  |        5.13% |        701.32 
Packaging          | 14,997.11  |  12,520.55  |       4.31% |  -2,476.56  |      517.20  |       2,124.83  |       165.47  |        6.20% |        775.80 
Pharma             | 11,986.74  |  11,045.38  |       3.80% |    -941.36  |      105.28  |       2,824.42  |     1,988.34  |        3.85% |        424.88 
Real Estate IT     | 14,993.43  |   8,729.44  |       3.00% |  -6,263.99  |       73.62  |       2,184.85  |    -4,005.52  |        6.96% |        607.22 
Bricks             | 14,999.47  |   8,486.90  |       2.92% |  -6,512.57  |      198.86  |       1,614.29  |    -4,699.42  |        6.13% |        520.56 
Television         | 14,999.08  |   8,438.38  |       2.90% |  -6,560.70  |        0.00  |       1,899.25  |    -4,661.45  |        6.90% |        582.60 
Utility: Water     | 10,670.59  |   8,040.76  |       2.77% |  -2,629.83p |        0.00  |       2,363.09  |      -266.74  |        6.99% |        562.32 
Telecom: Mobile    | 14,998.48  |   7,570.85  |       2.61% |  -7,427.63  |        0.00  |       3,505.16  |    -3,922.47  |       10.29% |        778.95 
Cruising           | 14,979.79  |   4,137.60  |       1.42% | -10,842.19  |        0.00  |         610.18  |   -10,232.01  |        0.00% |          0.00 
Medical Products   |  2,723.59  |   3,056.37  |       1.05% |     332.78  |       16.93  |          22.58  |       372.29  |        1.29% |         39.52

[1] - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

[2] - Realised Profit and Loss & Return of Capital – To Date

   Date   | EPIC |        Name               | Real P&L (£) |         Comment                                                  
20-Sep-19 | IBST | Ibstock                   |      292.45  | Return of Capital                                                           
09-Oct-19 | GNK  | Greene King               |    4,188.29  | Sale – Pending Takeover                                                     
16-Jul-21 | PNN  | Pennon Group              |    1,676.05  | Return of Capital - Share Consolidation                                     
21-Sep-21 | BHP  | BHP Group                 |      550.49  | Return of Capital                                                           
16-May-22 | AV   | Aviva                     |      173.70  | Return of Capital - Share Consolidation                                     
01-Jun-22 | BHP  | BHP Group                 |    2,565.55  | Return of Capital - Woodside Energy Group (WDS) shares                      
19-Jul-22 | GSK  | GSK PLC                   |     -275.74  | Return of Capital - Haleon PLC (HLN) shares - Share Consolidation           
19-Jul-22 | WDS  | Woodside Energy Group Ltd |        8.15  | Return of Capital - Share Consolidation
          |      |                           |              |                                                                             
          |      | Total                     |   £9,178.94  |

Next Actions Required

Next Dividend Re-Investment

Dividends received by this Portfolio are re-invested on the 10th day of each month or, should that not be a market day, the first market day after the 10th day, just so long as a cash balance of at least £2,000.00 is available the day before. Therefore, based on current dividend expectations, the anticipated Dividend Re-Investment timetable for the next 12 months is as follows:

Date      | Balance   | Re-Invest?   
10-Oct-23 | 3,779.92  |    Y         
10-Nov-23 | 1,427.04  |    N         
11-Dec-23 | 2,169.55  |    Y         
10-Jan-24 | 1,053.78  |    N         
12-Feb-24 | 1,981.59  |    N         
11-Mar-24 | 2,347.83  |    Y         
10-Apr-24 | 2,366.58  |    Y         
10-May-24 | 1,449.80  |    N         
10-Jun-24 | 3,885.76  |    Y         
10-Jul-24 | 1,105.66  |    N         
12-Aug-24 | 1,839.10  |    N         
10-Sep-24 | 2,403.45  |    Y

The next Dividend Re-Investment will therefore be next month - 10 Oct 2023 - when £3,779.92 is currently forecast to be available for re-investment. At the moment, it looks as if this amount will once again be invested in increasing the holding of M & G PLC (MNG), currently the highest sustainable yield available. Vodafone Grp (VOD) may be offering a slightly higher forecast yield, but I have decided to await the interim results due in November, before considering a further investment.

Of course, there is a month to wait during which much could change. As usual, a final decision will be made, and reported here, a few of days before the Re-Investment is due to be made.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=39072

The intention is to keep this thread simply recording the history of the Portfolio, during its fifth year.

Enjoy!

Ian

IanTHughes · #619435

PYAD HYP 2019_04 REINVEST – Year Five: Dividend Re-Investment – 10 October 2023 - Decision

For the activity during Year One of this portfolio please see this thread: viewtopic.php?f=15&t=17908
For the activity during Year Two of this portfolio please see this thread: viewtopic.php?f=15&t=22901
For the activity during Year Three of this portfolio please see this thread: viewtopic.php?f=15&t=33979
For the activity during Year Four of this portfolio please see this thread: viewtopic.php?f=15&t=34041

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140 and subsequently managed by myself.

Further details of how updates are to be made to this portfolio can be found on this thread: viewtopic.php?p=218513#p218513

Dividend Re-Investment Decision – 08 October 2023

Current Portfolio: Holdings

EPIC | Company                   | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) | P/L (£)      | Ex-Div (£) | Div Rec'd (£) | Overall (£) | Y'ld (%) [1] | Year Div (£)
IMB  | Imperial Brands           |  1,283  | 26,121.51  | 1,669.0000  |   21,413.27  |     7.47% |   -4,708.24  |      0.00  |     6,950.58  |   2,242.34  |        8.50% |    1,819.42 
BATS | British American Tobacco  |    299  |  8,359.04  | 2,483.0000  |    7,424.17  |     2.59% |     -934.87  |    172.58  |     2,097.12  |   1,334.83  |        9.30% |      690.33 
WPP  | WPP                       |  1,780  | 14,997.55  |   729.2000  |   12,979.76  |     4.53% |   -2,017.79  |      0.00  |     2,751.88  |     734.09  |        5.40% |      701.32 
ITV  | ITV                       | 11,652  | 14,999.08  |    67.5000  |    7,865.10  |     2.74% |   -7,133.98  |      0.00  |     1,899.25  |  -5,234.73  |        7.41% |      582.60 
HSBA | HSBC Holdings             |  2,425  | 14,998.27  |   654.7000  |   15,876.48  |     5.54% |      878.21  |      0.00  |     2,321.62  |   3,199.83  |        5.00% |      794.43 
IGG  | IG Grp Holdings           |  2,762  | 14,999.32  |   636.5000  |   17,580.13  |     6.13% |    2,580.81  |    882.18  |     4,808.59  |   8,271.58  |        7.10% |    1,248.42 
ABDN | Abrdn PLC                 |  6,389  | 17,397.08  |   157.1000  |   10,037.12  |     3.50% |   -7,359.96  |      0.00  |     5,366.98  |  -1,992.98  |        9.29% |      932.79 
MNG  | M & G PLC                 |  4,717  |  9,578.12  |   194.8000  |    9,188.73  |     3.20% |     -389.39  |    306.60  |     1,387.48  |   1,304.69  |       10.22% |      938.68 
AV   | Aviva                     |  3,663  | 14,970.64  |   409.0000  |   14,981.67  |     5.23% |       11.03  |      0.00  |     5,060.47  |   5,071.50  |        7.78% |    1,164.83 
DLG  | Direct Line Insurance Grp |  8,882  | 20,716.58  |   163.7000  |   14,539.84  |     5.07% |   -6,176.74  |      0.00  |       356.51  |  -5,820.23  |        0.00% |        0.00 
GSK  | GSK PLC                   |    752  | 11,986.74  | 1,499.4000  |   11,275.48  |     3.93% |     -711.26  |    105.28  |     2,824.42  |   2,218.44  |        3.77% |      424.88 
HLN  | Haleon PLC                |    941  |  2,723.59  |   337.3000  |    3,173.99  |     1.11% |      450.40  |      0.00  |        39.51  |     489.91  |        1.25% |       39.52 
BA   | BAE Systems               |  3,043  | 14,995.20  |   980.6000  |   29,839.66  |    10.41% |   14,844.46  |      0.00  |     3,414.20  |  18,258.66  |        2.87% |      855.07 
SMDS | DS Smith                  |  4,310  | 14,997.11  |   280.9000  |   12,106.79  |     4.22% |   -2,890.32  |      0.00  |     2,642.03  |    -248.29  |        6.41% |      775.80 
IBST | Ibstock                   |  5,849  | 14,999.47  |   139.1000  |    8,135.96  |     2.84% |   -6,863.51  |      0.00  |     1,813.15  |  -5,050.36  |        6.40% |      520.56 
BLND | British Land Company      |  1,273  |  7,494.24  |   313.3000  |    3,988.31  |     1.39% |   -3,505.93  |      0.00  |     1,060.54  |  -2,445.39  |        7.23% |      288.20 
LAND | Land Securities Grp       |    818  |  7,499.19  |   590.4000  |    4,829.47  |     1.68% |   -2,669.72  |      0.00  |     1,197.93  |  -1,471.79  |        6.61% |      319.02 
BHP  | BHP Grp                   |    838  | 14,992.51  | 2,315.0000  |   19,399.70  |     6.77% |    4,407.19  |      0.00  |     5,939.11  |  10,346.30  |        6.01% |    1,166.74 
RIO  | Rio Tinto                 |    173  |  9,833.07  | 5,008.0000  |    8,663.84  |     3.02% |   -1,169.23  |      0.00  |     1,943.69  |     774.46  |        6.45% |      558.82 
SHEL | Shell                     |    457  |  9,626.22  | 2,581.5000  |   11,797.46  |     4.11% |    2,171.24  |      0.00  |     1,599.71  |   3,770.95  |        4.20% |      495.55 
BP   | BP                        |  1,347  |  7,496.10  |   505.6000  |    6,810.43  |     2.38% |     -685.67  |      0.00  |     1,339.49  |     653.82  |        4.71% |      320.80 
WDS  | Woodside Energy Grp Ltd   |    593  | 10,702.17  | 1,788.0000  |   10,602.84  |     3.70% |      -99.33  |      0.00  |       698.18  |     598.85  |       10.26% |    1,087.89 
VOD  | Vodafone Grp              | 10,077  | 14,998.48  |    74.8000  |    7,537.60  |     2.63% |   -7,460.88  |      0.00  |     3,505.16  |  -3,955.72  |       10.43% |      785.90 
CCL  | Carnival Corp.            |    384  | 14,979.79  |   959.4000  |    3,684.10  |     1.29% |  -11,295.69  |      0.00  |       610.18  | -10,685.51  |        0.00% |        0.00 
PNN  | Pennon Grp                |  1,316  | 10,670.59  |   612.5000  |    8,060.50  |     2.81% |   -2,610.09  |      0.00  |     2,363.09  |    -247.00  |        6.98% |      562.32 
     |                           |         |            |             |              |           |              |            |               |             |              |             
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Sub Total:                |         |            |             | £281,792.40  |    98.27% | -£43,339.26  | £1,466.64  |               |             |        6.06% |  £17,073.89 
     | Cash Balance:             |         |            |             |   £3,495.83  |     1.22% |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,466.64  |     0.51% |              |            |               |             |              |             
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Current Value:            |         |            |             | £286,754.87  |           |              |            |               |             |              |             
     | From:                     |         |            |             |              |           |              |            |               |             |              |             
     | Cash In:                  |         |            |             | £254,904.77  |           |              |            |               |             |              |             
     | LESS Cash Out:            |         |            |             |       £0.00  |           |              |            |               |             |              |             
     | Dividends Rec'd:          |         |            |             |  £64,543.78  |           |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,466.64  |           |              |            |               |             |              |             
     | Realised P/L:             | [2]     |            |             |   £9,178.94  |           |              |            |               |             |              |             
     | UnRealised P/L:           |         |            |             | -£43,339.26  |           |              |            |               |             |              |             
     |                           |         |            |             |              |    XIRR   |              |            |               |             |              |             
     | Total:                    |         |            |             | £286,754.87  |   2.62%   |              |            |               |             |              |

Current Portfolio: Business Sectors

Business           |  Cost (£)  |  Value (£)  |  Value (%)  |  P/L (£)    |  Ex-Div (£)  |  Div Rec'd (£)  |  Overall (£)  | Y'ld (%) [1] |  Year Div (£) 
Weapons            | 14,995.20  |  29,839.66  |      10.41% |  14,844.46  |        0.00  |       3,414.20  |    18,258.66  |        2.87% |        855.07 
Oil                | 27,824.49  |  29,210.73  |      10.19% |   1,386.24  |        0.00  |       3,637.38  |     5,023.62  |        6.52% |      1,904.24 
Tobacco            | 34,480.55  |  28,837.44  |      10.06% |  -5,643.11  |      172.58  |       9,047.70  |     3,577.17  |        8.70% |      2,509.75 
Mining             | 24,825.58  |  28,063.54  |       9.79% |   3,237.96  |        0.00  |       7,882.80  |    11,120.76  |        6.15% |      1,725.56 
Fund Manager       | 26,975.20  |  19,225.85  |       6.70% |  -7,749.35  |      306.60  |       6,754.46  |      -688.29  |        9.73% |      1,871.47 
Gambling           | 14,999.32  |  17,580.13  |       6.13% |   2,580.81  |      882.18  |       4,808.59  |     8,271.58  |        7.10% |      1,248.42 
Banks              | 14,998.27  |  15,876.48  |       5.54% |     878.21  |        0.00  |       2,321.62  |     3,199.83  |        5.00% |        794.43 
Insurance: NonLife | 20,716.58  |  14,539.84  |       5.07% |  -6,176.74  |        0.00  |         356.51  |    -5,820.23  |        0.00% |          0.00 
Insurance: Life    | 14,970.64  |  14,981.67  |       5.22% |      11.03  |        0.00  |       5,060.47  |     5,071.50  |        7.78% |      1,164.83 
Advertising        | 14,997.55  |  12,979.76  |       4.53% |  -2,017.79  |        0.00  |       2,751.88  |       734.09  |        5.40% |        701.32 
Packaging          | 14,997.11  |  12,106.79  |       4.22% |  -2,890.32  |        0.00  |       2,642.03  |      -248.29  |        6.41% |        775.80 
Pharma             | 11,986.74  |  11,275.48  |       3.93% |    -711.26  |      105.28  |       2,824.42  |     2,218.44  |        3.77% |        424.88 
Real Estate IT     | 14,993.43  |   8,817.78  |       3.08% |  -6,175.65  |        0.00  |       2,258.47  |    -3,917.18  |        6.89% |        607.22 
Utility: Water     | 10,670.59  |   8,060.50  |       2.81% |  -2,610.09  |        0.00  |       2,363.09  |      -247.00  |        6.98% |        562.32 
Bricks             | 14,999.47  |   8,135.96  |       2.84% |  -6,863.51  |        0.00  |       1,813.15  |    -5,050.36  |        6.40% |        520.56 
Television         | 14,999.08  |   7,865.10  |       2.74% |  -7,133.98  |        0.00  |       1,899.25  |    -5,234.73  |        7.41% |        582.60 
Telecom: Mobile    | 14,998.48  |   7,537.60  |       2.63% |  -7,460.88  |        0.00  |       3,505.16  |    -3,955.72  |       10.43% |        785.90 
Cruising           | 14,979.79  |   3,684.10  |       1.28% | -11,295.69  |        0.00  |         610.18  |   -10,685.51  |        0.00% |          0.00 
Medical Products   |  2,723.59  |   3,173.99  |       1.11% |     450.40  |        0.00  |          39.51  |       489.91  |        1.25% |         39.52

[1] - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

[2] - Realised Profit and Loss & Return of Capital – To Date

Date      | EPIC | Name                      | Real P&L (£) | Comment                                                                     
20-Sep-19 | IBST | Ibstock                   |      292.45  | Return of Capital
09-Oct-19 | GNK  | Greene King               |    4,188.29  | Sale – Pending Takeover 
16-Jul-21 | PNN  | Pennon Group              |    1,676.05  | Return of Capital - Share Consolidation 
21-Sep-21 | BHP  | BHP Group                 |      550.49  | Return of Capital                
16-May-22 | AV   | Aviva                     |      173.70  | Return of Capital - Share Consolidation 
01-Jun-22 | BHP  | BHP Group                 |    2,565.55  | Return of Capital - Woodside Energy Group (WDS) shares 
19-Jul-22 | GSK  | GSK PLC                   |     -275.74  | Return of Capital - Haleon PLC (HLN) shares - Share Consolidation 
19-Jul-22 | WDS  | Woodside Energy Group Ltd |        8.15  | Return of Capital - Woodside Energy Group (WDS) shares - Share Consolidation
          |      |                           |              |                                                                             
          |      | Total                     |   £9,178.94  |

Dividend Re-Investment: 10 October 2023

As at the close of business on Monday 09 October 2023, the amount available for re-investment will be £3,495.83. This amount will be re-invested in one holding on Tuesday 10 October 2023.

Candidates

I am not one to place a limit on the yield being purchased. HYP is an income strategy so forget any idea of limiting the yield to twice the number you first thought of after stepping off the scales this morning. I am looking for the “Highest Sustainable Yield”.

To this end, the following is the list of candidates to be considered, in order of descending yield.

EPIC | Company                  | Reward (%) | Decision     | Comments                                              
VOD  | Vodafone Grp             |     10.43% | Possible     | Resultant Sector Value Concentration (3.84%)          
WDS  | Woodside Energy Grp Ltd  |     10.26% | Disqualified | Resultant Sector Value Concentration (11.40%) too high
MNG  | M & G PLC                |     10.22% | Possible     | Resultant Sector Value Concentration (7.92%)          
BATS | British American Tobacco |      9.30% | Disqualified | Resultant Sector Value Concentration (11.27%) too high
ABDN | Abrdn PLC                |      9.29% | Possible     | Resultant Sector Value Concentration (7.92%)          
IMB  | Imperial Brands          |      8.50% | Disqualified | Resultant Sector Value Concentration (11.27%) too high
AV   | Aviva                    |      7.78% | Possible     | Resultant Sector Value Concentration (6.44%)          
ITV  | ITV                      |      7.41% | Possible     | Resultant Sector Value Concentration (3.96%)          
BLND | British Land Company     |      7.23% | Possible     | Resultant Sector Value Concentration (4.29%)          
IGG  | IG Grp Holdings          |      7.10% | Possible     | Resultant Sector Value Concentration (7.34%)          
PNN  | Pennon Grp               |      6.98% | Possible     | Resultant Sector Value Concentration (4.02%)          
LAND | Land Securities Grp      |      6.61% | Possible     | Resultant Sector Value Concentration (4.29%)          
RIO  | Rio Tinto                |      6.45% | Disqualified | Resultant Sector Value Concentration (11.00%) too high
SMDS | DS Smith                 |      6.41% | Possible     | Resultant Sector Value Concentration (5.43%)          
PHNX | Phoenix Grp Holdings     |     11.13% | Possible     | Resultant Sector Value Concentration (6.44%)          
LGEN | Legal & General Grp      |      9.05% | Possible     | New Business Sector

Decision

Ignoring those that are disqualified in order to avoid over-concentration by Business Sector, we end up with …..

1. Phoenix Grp Holdings (PHNX) – Yield 11.13%

A somewhat strange candidate in my view, in that it appears to be a vehicle for simply buying up policies already in effect, rather than going out and creating its own new business. However, it does also appear that its cash generation is right up to scratch, with plenty left in the tank after the dividend payout is made to ensure that other expenses are properly met. A very tempting yield too! But also the annual dividend increase in dividend, with the notable exception of the year ending 31 Dec 2018, have been impressive.

It would be a new holding for this portfolio, although I personally already have a holding in my own HYP, and another family HYP under my management.

2. Vodafone Grp (VOD) – Yield 10.43%

As I stated in September 2023:

My suspicion is, and it is only a suspicion, the management are going to concentrate on doing whatever is necessary to restore value to the company shares. I am not convinced that a dividend cut will be a part of that, but it cannot be ruled out. I would however be surprised if there were to be an increase in dividend, while this “action plan” is ongoing.

So, in spite of the cash generation, VOD is to be passed over, at least until more information is available as to what other actions will be taken. I suspect we will have to wait until the interim results, due in November, when of course the next dividend will be announced.

My full comments can be seen further up this thread, when reporting the decision for the dividend re-investment to be carried out in September 2023

Well, I am still awaiting those interim results, and consequently VOD will once again be passed over.

3. M & G PLC (MNG) – Yield 10.22%

The selection for dividend re-investment last month – September 2023. On 28 September 2023, an increase in the interim dividend was announce, which would appear to vindicate my decision to purchase, so far at least.

My full comments can be seen further up this thread, when reporting the decision for the dividend re-investment to be made in MNG shares, carried out in September 2023.

I was initially tempted to simply continue building up the holding in MNG. After all, an increase in dividend is not to be sneezed at. However, I really do believe that the cash-generation created by PHNX is solid and so, whilst I will be having a further quick review tomorrow - 09 October 2023 - for now, a new holding of …..

Phoenix Grp Holdings (PHNX) – Yield 11.13% - is the decision for this Dividend R.e-Investment.

The Sector Value Concentration after purchase (6.44%) will leave the Insurance: Life Business Sector holding as number six by that measure, well below the maximum allowed – 10% - but who knows, there may be further purchases to come.

I am not intending to purchase PHNX for any of the “real” portfolios under my control, and therefore the price to be applied for this “virtual” purchase will be the Mid Price reported on the day. I shall post an update when the details of the purchase are known.

Should anyone wish to comment on this or any prior Dividend Re-Investment, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=39072

The intention is to keep this thread simply recording the events of the Portfolio during its fifth year.

Enjoy!

Ian

IanTHughes · #619941

PYAD HYP 2019_04 REINVEST – Year Five: Dividend Re-Investment – 10 October 2023 - Result

For the activity during Year One of this portfolio please see this thread: viewtopic.php?f=15&t=17908
For the activity during Year Two of this portfolio please see this thread: viewtopic.php?f=15&t=22901
For the activity during Year Three of this portfolio please see this thread: viewtopic.php?f=15&t=33979
For the activity during Year Four of this portfolio please see this thread: viewtopic.php?f=15&t=34041

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140

Further details of how updates are to be made to this portfolio can be found on this thread: viewtopic.php?p=218513#p218513

Update 10 October 2023

Dividend Re-Investment Purchase: Transaction Details

The Dividend Re-Investment indicated in the previous post https: viewtopic.php?f=15&t=39071
has now been made as follows:

Date      | Business        | EPIC | Shares | Price (p) | Cash (£)   | Stamp (£) | Fee (£) | Total (£)  | Yield (%) | Comment                       
10-Oct-23 | Insurance: Life | PHNX |   743  | 467.5680  | -3,474.03  |   -17.37  |  -1.50  | -3,492.90  |  11.16%   | Routine Dividend Re-Investment

The price achieved is the Mid Price for the day, calculated by halving the sum of the day’s High Price and Low Price.

Current Portfolio: Holdings

EPIC |     Company               | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) |    P/L (£)   | Ex-Div (£) | Div Rec'd (£) | Overall (£) | Y'ld (%) [1] | Year Div (£)
IMB  | Imperial Brands           |  1,283  | 26,121.51  | 1,723.0000  |   22,106.09  |     7.54% |   -4,015.42  |      0.00  |     6,950.58  |   2,935.16  |        8.23% |    1,819.42 
BATS | British American Tobacco  |    299  |  8,359.04  | 2,540.5000  |    7,596.10  |     2.59% |     -762.94  |    172.58  |     2,097.12  |   1,506.76  |        9.09% |      690.33 
WPP  | WPP                       |  1,780  | 14,997.55  |   744.0000  |   13,243.20  |     4.52% |   -1,754.35  |      0.00  |     2,751.88  |     997.53  |        5.30% |      701.32 
ITV  | ITV                       | 11,652  | 14,999.08  |    69.3200  |    8,077.17  |     2.75% |   -6,921.91  |      0.00  |     1,899.25  |  -5,022.66  |        7.21% |      582.60 
HSBA | HSBC Holdings             |  2,425  | 14,998.27  |   657.8000  |   15,951.65  |     5.44% |      953.38  |      0.00  |     2,321.62  |   3,275.00  |        4.97% |      792.67 
IGG  | IG Grp Holdings           |  2,762  | 14,999.32  |   639.0000  |   17,649.18  |     6.02% |    2,649.86  |    882.18  |     4,808.59  |   8,340.63  |        7.07% |    1,248.42 
ABDN | Abrdn PLC                 |  6,389  | 17,397.08  |   160.7500  |   10,270.32  |     3.50% |   -7,126.76  |      0.00  |     5,366.98  |  -1,759.78  |        9.08% |      932.79 
MNG  | M & G PLC                 |  4,717  |  9,578.12  |   197.8500  |    9,332.58  |     3.18% |     -245.54  |    306.60  |     1,387.48  |   1,448.54  |       10.06% |      938.68 
AV   | Aviva                     |  3,663  | 14,970.64  |   408.7000  |   14,970.68  |     5.10% |        0.04  |      0.00  |     5,060.47  |   5,060.51  |        7.78% |    1,164.83 
PHNX | Phoenix Grp Holdings      |    743  |  3,492.90  |   472.4000  |    3,509.93  |     1.20% |       17.03  |      0.00  |         0.00  |      17.03  |       11.01% |      386.36 
DLG  | Direct Line Insurance Grp |  8,882  | 20,716.58  |   166.3500  |   14,775.21  |     5.04% |   -5,941.37  |      0.00  |       356.51  |  -5,584.86  |        0.00% |        0.00 
GSK  | GSK PLC                   |    752  | 11,986.74  | 1,521.4000  |   11,440.92  |     3.90% |     -545.82  |    105.28  |     2,824.42  |   2,383.88  |        3.71% |      424.88 
HLN  | Haleon PLC                |    941  |  2,723.59  |   340.0000  |    3,199.40  |     1.09% |      475.81  |      0.00  |        39.51  |     515.32  |        1.24% |       39.52 
BA   | BAE Systems               |  3,043  | 14,995.20  | 1,041.0000  |   31,677.63  |    10.80% |   16,682.43  |      0.00  |     3,414.20  |  20,096.63  |        2.70% |      855.07 
SMDS | DS Smith                  |  4,310  | 14,997.11  |   283.8000  |   12,231.78  |     4.17% |   -2,765.33  |      0.00  |     2,642.03  |    -123.30  |        6.34% |      775.80 
IBST | Ibstock                   |  5,849  | 14,999.47  |   138.9000  |    8,124.26  |     2.77% |   -6,875.21  |      0.00  |     1,813.15  |  -5,062.06  |        6.41% |      520.56 
LAND | Land Securities Grp       |    818  |  7,499.19  |   602.6000  |    4,929.27  |     1.68% |   -2,569.92  |      0.00  |     1,197.93  |  -1,371.99  |        6.47% |      319.02 
BLND | British Land Company      |  1,273  |  7,494.24  |   319.4000  |    4,065.96  |     1.39% |   -3,428.28  |      0.00  |     1,060.54  |  -2,367.74  |        7.09% |      288.20 
BHP  | BHP Grp                   |    838  | 14,992.51  | 2,330.0000  |   19,525.40  |     6.66% |    4,532.89  |      0.00  |     5,939.11  |  10,472.00  |        5.96% |    1,164.17 
RIO  | Rio Tinto                 |    173  |  9,833.07  | 5,063.0000  |    8,758.99  |     2.99% |   -1,074.08  |      0.00  |     1,943.69  |     869.61  |        6.38% |      558.82 
SHEL | Shell                     |    457  |  9,626.22  | 2,663.0000  |   12,169.91  |     4.15% |    2,543.69  |      0.00  |     1,599.71  |   4,143.40  |        4.06% |      494.45 
WDS  | Woodside Energy Grp Ltd   |    593  | 10,702.17  | 1,855.0000  |   11,000.15  |     3.75% |      297.98  |      0.00  |       698.18  |     996.16  |        9.87% |    1,085.49 
BP   | BP                        |  1,347  |  7,496.10  |   525.1000  |    7,073.10  |     2.41% |     -423.00  |      0.00  |     1,339.49  |     916.49  |        4.53% |      320.08 
VOD  | Vodafone Grp              | 10,077  | 14,998.48  |    77.3900  |    7,798.59  |     2.66% |   -7,199.89  |      0.00  |     3,505.16  |  -3,694.73  |       10.05% |      783.99 
CCL  | Carnival Corp.            |    384  | 14,979.79  |   957.2000  |    3,675.65  |     1.25% |  -11,304.14  |      0.00  |       610.18  | -10,693.96  |        0.00% |        0.00 
PNN  | Pennon Grp                |  1,316  | 10,670.59  |   658.5000  |    8,665.86  |     2.96% |   -2,004.73  |      0.00  |     2,363.09  |     358.36  |        6.49% |      562.32 
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Sub Total:                |         |            |             | £291,818.98  |    99.50% | -£36,805.58  | £1,466.64  |               |             |        5.98% |  £17,449.79 
     | Cash Balance:             |         |            |             |       £2.93  |     0.00% |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,466.64  |     0.50% |              |            |               |             |              |             
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Current Value:            |         |            |             | £293,288.55  |           |              |            |               |             |              |             
     | From:                     |         |            |             |              |           |              |            |               |             |              |             
     | Cash In:                  |         |            |             | £254,904.77  |           |              |            |               |             |              |             
     | LESS Cash Out:            |         |            |             |       £0.00  |           |              |            |               |             |              |             
     | Dividends Rec'd:          |         |            |             |  £64,543.78  |           |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,466.64  |           |              |            |               |             |              |             
     | Realised P/L:             | [2]     |            |             |   £9,178.94  |           |              |            |               |             |              |             
     | UnRealised P/L:           |         |            |             | -£36,805.58  |           |              |            |               |             |              |             
     |                           |         |            |             |              |   XIRR    |              |            |               |             |              |             
     | Total:                    |         |            |             | £293,288.55  |   3.12%   |              |            |               |             |              |

Current Portfolio: Business Sectors

Business           |  Cost (£)  |  Value (£)  |  Value (%)  |  P/L (£)    |  Ex-Div (£)  |  Div Rec'd (£)  |  Overall (£)  | Y'ld (%) [1] |  Year Div (£) 
Weapons            | 14,995.20  |  31,677.63  |      10.80% |  16,682.43  |        0.00  |       3,414.20  |    20,096.63  |        2.70% |        855.07 
Oil                | 27,824.49  |  30,243.16  |      10.31% |   2,418.67  |        0.00  |       3,637.38  |     6,056.05  |        6.28% |      1,900.02 
Tobacco            | 34,480.55  |  29,702.19  |      10.13% |  -4,778.36  |      172.58  |       9,047.70  |     4,441.92  |        8.45% |      2,509.75 
Mining             | 24,825.58  |  28,284.39  |       9.64% |   3,458.81  |        0.00  |       7,882.80  |    11,341.61  |        6.09% |      1,722.99 
Fund Manager       | 26,975.20  |  19,602.90  |       6.68% |  -7,372.30  |      306.60  |       6,754.46  |      -311.24  |        9.55% |      1,871.47 
Insurance: Life    | 18,463.54  |  18,480.61  |       6.30% |      17.07  |        0.00  |       5,060.47  |     5,077.54  |        8.39% |      1,551.19 
Gambling           | 14,999.32  |  17,649.18  |       6.02% |   2,649.86  |      882.18  |       4,808.59  |     8,340.63  |        7.07% |      1,248.42 
Banks              | 14,998.27  |  15,951.65  |       5.44% |     953.38  |        0.00  |       2,321.62  |     3,275.00  |        4.97% |        792.67 
Insurance: NonLife | 20,716.58  |  14,775.21  |       5.04% |  -5,941.37  |        0.00  |         356.51  |    -5,584.86  |        0.00% |          0.00 
Advertising        | 14,997.55  |  13,243.20  |       4.52% |  -1,754.35  |        0.00  |       2,751.88  |       997.53  |        5.30% |        701.32 
Packaging          | 14,997.11  |  12,231.78  |       4.17% |  -2,765.33  |        0.00  |       2,642.03  |      -123.30  |        6.34% |        775.80 
Pharma             | 11,986.74  |  11,440.92  |       3.90% |    -545.82  |      105.28  |       2,824.42  |     2,383.88  |        3.71% |        424.88 
Real Estate IT     | 14,993.43  |   8,995.23  |       3.07% |  -5,998.20  |        0.00  |       2,258.47  |    -3,739.73  |        6.75% |        607.22 
Utility: Water     | 10,670.59  |   8,665.86  |       2.95% |  -2,004.73  |        0.00  |       2,363.09  |       358.36  |        6.49% |        562.32 
Bricks             | 14,999.47  |   8,124.26  |       2.77% |  -6,875.21  |        0.00  |       1,813.15  |    -5,062.06  |        6.41% |        520.56 
Television         | 14,999.08  |   8,077.17  |       2.75% |  -6,921.91  |        0.00  |       1,899.25  |    -5,022.66  |        7.21% |        582.60 
Telecom: Mobile    | 14,998.48  |   7,798.59  |       2.66% |  -7,199.89  |        0.00  |       3,505.16  |    -3,694.73  |       10.05% |        783.99 
Cruising           | 14,979.79  |   3,675.65  |       1.25% | -11,304.14  |        0.00  |         610.18  |   -10,693.96  |        0.00% |          0.00 
Medical Products   |  2,723.59  |   3,199.40  |       1.09% |     475.81  |        0.00  |          39.51  |       515.32  |        1.24% |         39.52

[1] - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

[2] - Realised Profit and Loss & Return of Capital – To Date

Date      | EPIC | Name                      | Real P&L (£) |         Comment                                                  
20-Sep-19 | IBST | Ibstock                   |      292.45  | Return of Capital                                                           
09-Oct-19 | GNK  | Greene King               |    4,188.29  | Sale – Pending Takeover                                                     
16-Jul-21 | PNN  | Pennon Group              |    1,676.05  | Return of Capital - Share Consolidation                                     
21-Sep-21 | BHP  | BHP Group                 |      550.49  | Return of Capital                                                           
16-May-22 | AV   | Aviva                     |      173.70  | Return of Capital - Share Consolidation                                     
01-Jun-22 | BHP  | BHP Group                 |    2,565.55  | Return of Capital - Woodside Energy Group (WDS) shares                      
19-Jul-22 | GSK  | GSK PLC                   |     -275.74  | Return of Capital - Haleon PLC (HLN) shares - Share Consolidation           
19-Jul-22 | WDS  | Woodside Energy Group Ltd |        8.15  | Return of Capital - Share Consolidation
          |      |                           |              |                                                                             
          |      | Total                     |   £9,178.94  |

Next Actions Required

Next Dividend Re-Investment

Dividends received by this Portfolio are re-invested on the 10th day of each month or, should that not be a market day, the first market day after the 10th day, just so long as a cash balance of at least £2,000.00 is available the day before. Therefore, based on current dividend expectations, the anticipated Dividend Re-Investment timetable for the next 12 months is as follows:

Date      | Balance   | Re-Invest?
10-Nov-23 | 1,737.88  |     N     
11-Dec-23 | 2,285.90  |     Y     
10-Jan-24 | 1,255.71  |     N     
12-Feb-24 | 2,186.04  |     Y     
11-Mar-24 |   366.24  |     N     
10-Apr-24 | 2,760.94  |     Y     
10-May-24 | 1,453.20  |     N 
10-Jun-24 | 3,889.16  |     Y     
10-Jul-24 | 1,113.10  |     N     
12-Aug-24 | 1,849.06  |     N     
10-Sep-24 | 2,413.41  |     Y     
10-Oct-24 | 3,532.04  |     Y

The next Dividend Re-Investment will therefore be on 11 Dec 2023 when £2,285.90 is currently forecast to be available for re-investment. At the moment of course, it looks as if the decision will once again be between increasing the holding of M & G PLC (MNG) or Phoenix Grp Holdings (PHNX), or indeed, with the interim results having been published in November, Vodafone Grp (VOD).

Of course, there are two months to wait during which much could change. As usual, a final decision will be made, and reported here, a few of days before the Re-Investment is due to be made.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=39072

The intention is to keep this thread simply recording the history of the Portfolio, during its fifth year.

Enjoy!

Ian

IanTHughes · #632776

PYAD HYP 2019_04 REINVEST – Year Five: Dividend Re-Investment – due on 11 December 2023 - Decision

For the activity during Year One of this portfolio please see this thread: viewtopic.php?f=15&t=17908
For the activity during Year Two of this portfolio please see this thread: viewtopic.php?f=15&t=22901
For the activity during Year Three of this portfolio please see this thread: viewtopic.php?f=15&t=33979
For the activity during Year Four of this portfolio please see this thread: viewtopic.php?f=15&t=34041

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140 and subsequently managed by myself.

Further details of how updates are to be made to this portfolio can be found on this thread: viewtopic.php?p=218513#p218513

Dividend Re-Investment Decision – 08 December 2023

Current Portfolio: Holdings

EPIC |       Company             | Shares  |  Cost (£)  |  Price (p)  |   Value (£)  | Value (%) |   P/L (£)    | Ex-Div (£) | Div Rec'd (£) | Overall (£) | Y'ld (%) [1] | Year Div (£)
IMB  | Imperial Brands           |  1,283  | 26,121.51  | 1,820.0000  |   23,350.60  |     7.69% |   -2,770.91  |    664.85  |     6,950.58  |   4,844.52  |        8.07% |    1,883.70 
BATS | British American Tobacco  |    299  |  8,359.04  | 2,316.5000  |    6,926.34  |     2.28% |   -1,432.70  |      0.00  |     2,269.70  |     837.00  |        9.97% |      690.33 
WPP  | WPP                       |  1,780  | 14,997.55  |   722.6000  |   12,862.28  |     4.24% |   -2,135.27  |      0.00  |     3,018.88  |     883.61  |        5.45% |      701.32 
ITV  | ITV                       | 11,652  | 14,999.08  |    60.9000  |    7,096.07  |     2.34% |   -7,903.01  |      0.00  |     2,097.33  |  -5,805.68  |        8.21% |      582.60 
HSBA | HSBC Holdings             |  2,425  | 14,998.27  |   619.2000  |   15,015.60  |     4.94% |       17.33  |    191.05  |     2,321.62  |   2,530.00  |        5.09% |      764.20 
IGG  | IG Grp Holdings           |  2,762  | 14,999.32  |   733.5000  |   20,259.27  |     6.67% |    5,259.95  |      0.00  |     5,690.77  |  10,950.72  |        6.16% |    1,248.42 
ABDN | Abrdn PLC                 |  6,389  | 17,397.08  |   179.0000  |   11,436.31  |     3.77% |   -5,960.77  |      0.00  |     5,366.98  |    -593.79  |        8.16% |      932.79 
MNG  | M & G PLC                 |  4,717  |  9,578.12  |   212.9000  |   10,042.49  |     3.31% |      464.37  |      0.00  |     1,694.08  |   2,158.45  |        9.35% |      938.68 
AV   | Aviva                     |  3,663  | 14,970.64  |   429.1000  |   15,717.93  |     5.18% |      747.29  |      0.00  |     3,895.64  |   4,642.93  |        7.41% |    1,164.83 
PHNX | Phoenix Grp Holdings      |    743  |  3,492.90  |   497.6000  |    3,697.17  |     1.22% |      204.27  |      0.00  |         0.00  |     204.27  |       10.45% |      386.36 
DLG  | Direct Line Insurance Grp |  8,882  | 20,716.58  |   194.3500  |   17,262.17  |     5.68% |   -3,454.41  |      0.00  |       356.51  |  -3,097.90  |        0.00% |        0.00 
GSK  | GSK PLC                   |    752  | 11,986.74  | 1,434.4000  |   10,786.68  |     3.55% |   -1,200.06  |    105.28  |     2,929.70  |   1,834.92  |        3.94% |      424.88 
HLN  | Haleon PLC                |    941  |  2,723.59  |   324.8000  |    3,056.37  |     1.01% |      332.78  |      0.00  |        39.51  |     372.29  |        1.29% |       39.52 
BA   | BAE Systems               |  3,043  | 14,995.20  | 1,042.5000  |   31,723.28  |    10.44% |   16,728.08  |      0.00  |     3,764.14  |  20,492.22  |        2.70% |      855.07 
SMDS | DS Smith                  |  4,310  | 14,997.11  |   303.0000  |   13,059.30  |     4.30% |   -1,937.81  |      0.00  |     2,642.03  |     704.22  |        5.94% |      775.80 
IBST | Ibstock                   |  5,849  | 14,999.47  |   138.4000  |    8,095.02  |     2.67% |   -6,904.45  |      0.00  |     1,813.15  |  -5,091.30  |        6.43% |      520.56 
LAND | Land Securities Grp       |    818  |  7,499.19  |   643.8000  |    5,266.28  |     1.73% |   -2,232.91  |     75.25  |     1,197.93  |    -959.73  |        6.09% |      320.65 
BLND | British Land Company      |  1,273  |  7,494.24  |   376.2000  |    4,789.03  |     1.58% |   -2,705.21  |    154.79  |     1,060.54  |  -1,489.88  |        6.17% |      295.33 
BHP  | BHP Grp                   |    838  | 14,992.51  | 2,493.0000  |   20,891.34  |     6.88% |    5,898.83  |      0.00  |     5,939.11  |  11,837.94  |        5.37% |    1,122.35 
RIO  | Rio Tinto                 |    173  |  9,833.07  | 5,583.0000  |    9,658.59  |     3.18% |     -174.48  |      0.00  |     1,943.69  |   1,769.21  |        5.79% |      558.82 
SHEL | Shell                     |    457  |  9,626.22  | 2,520.5000  |   11,518.69  |     3.79% |    1,892.47  |    119.17  |     1,599.71  |   3,611.35  |        4.14% |      476.69 
WDS  | Woodside Energy Grp Ltd   |    593  | 10,702.17  | 1,555.0000  |    9,221.15  |     3.04% |   -1,481.02  |      0.00  |       698.18  |    -782.84  |       11.35% |    1,046.49 
BP   | BP                        |  1,347  |  7,496.10  |   468.2500  |    6,307.33  |     2.08% |   -1,188.77  |     77.15  |     1,339.49  |     227.87  |        4.89% |      308.60 
VOD  | Vodafone Grp              | 10,077  | 14,998.48  |    69.2500  |    6,978.32  |     2.30% |   -8,020.16  |    388.77  |     3,505.16  |  -4,126.23  |       11.14% |      777.54 
CCL  | Carnival Corp.            |    384  | 14,979.79  | 1,286.0000  |    4,938.24  |     1.63% |  -10,041.55  |      0.00  |       610.18  |  -9,431.37  |        0.00% |        0.00 
PNN  | Pennon Grp                |  1,316  | 10,670.59  |   738.5000  |    9,718.66  |     3.20% |     -951.93  |      0.00  |     2,363.09  |   1,411.16  |        6.23% |      605.88 
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Sub Total:                |         |            |             | £299,674.51  |    98.66% | -£28,950.05  | £1,776.31  |               |             |        5.81% |  £17,421.41 
     | Cash Balance:             |         |            |             |   £2,284.59  |     0.75% |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,776.31  |     0.59% |              |            |               |             |              |             
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Current Value:            |         |            |             | £303,735.41  |           |              |            |               |             |              |             
     | From:                     |         |            |             |              |           |              |            |               |             |              |             
     | Cash In:                  |         |            |             | £254,904.77  |           |              |            |               |             |              |             
     | LESS Cash Out:            |         |            |             |       £0.00  |           |              |            |               |             |              |             
     | Dividends Rec'd:          |         |            |             |  £66,825.44  |           |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,776.31  |           |              |            |               |             |              |             
     | Realised P/L:             | [2]     |            |             |   £9,178.94  |           |              |            |               |             |              |             
     | UnRealised P/L:           |         |            |             | -£28,950.05  |           |              |            |               |             |              |             
     |                           |         |            |             |              |    XIRR   |              |            |               |             |              |             
     | Total:                    |         |            |             | £303,735.41  |     3.78% |              |            |               |             |              |

Current Portfolio: Business Sectors

    Business       |  Cost (£)  |  Value (£)  |  Value (%)  |   P/L (£)   |  Ex-Div (£)  |  Div Rec'd (£)  |  Overall (£)  | Y'ld (%) [1]  |  Year Div (£) 
Weapons            | 14,995.20  |  31,723.28  |      10.44% |  16,728.08  |        0.00  |       3,764.14  |    20,492.22  |        2.70% |        855.07 
Mining             | 24,825.58  |  30,549.93  |      10.06% |   5,724.35  |        0.00  |       7,882.80  |    13,607.15  |        5.50% |      1,681.17 
Tobacco            | 34,480.55  |  30,276.94  |       9.97% |  -4,203.61  |      664.85  |       9,220.28  |     5,681.52  |        8.50% |      2,574.03 
Oil                | 27,824.49  |  27,047.17  |       8.90% |    -777.32  |      196.32  |       3,637.38  |     3,056.38  |        6.77% |      1,831.78 
Fund Manager       | 26,975.20  |  21,478.80  |       7.07% |  -5,496.40  |        0.00  |       7,061.06  |     1,564.66  |        8.71% |      1,871.47 
Gambling           | 14,999.32  |  20,259.27  |       6.67% |   5,259.95  |        0.00  |       5,690.77  |    10,950.72  |        6.16% |      1,248.42 
Insurance: Life    | 18,463.54  |  19,415.10  |       6.39% |     951.56  |        0.00  |       3,895.64  |     4,847.20  |        7.99% |      1,551.19 
Insurance: NonLife | 20,716.58  |  17,262.17  |       5.68% |  -3,454.41  |        0.00  |         356.51  |    -3,097.90  |        0.00% |          0.00 
Banks              | 14,998.27  |  15,015.60  |       4.94% |      17.33  |      191.05  |       2,321.62  |     2,530.00  |        5.09% |        764.20 
Packaging          | 14,997.11  |  13,059.30  |       4.30% |  -1,937.81  |        0.00  |       2,642.03  |       704.22  |        5.94% |        775.80 
Advertising        | 14,997.55  |  12,862.28  |       4.23% |  -2,135.27  |        0.00  |       3,018.88  |       883.61  |        5.45% |        701.32 
Pharma             | 11,986.74  |  10,786.68  |       3.55% |  -1,200.06  |      105.28  |       2,929.70  |     1,834.92  |        3.94% |        424.88 
Real Estate IT     | 14,993.43  |  10,055.31  |       3.31% |  -4,938.12  |      230.04  |       2,258.47  |    -2,449.61  |        6.13% |        615.98 
Utility: Water     | 10,670.59  |   9,718.66  |       3.20% |    -951.93  |        0.00  |       2,363.09  |     1,411.16  |        6.23% |        605.88 
Bricks             | 14,999.47  |   8,095.02  |       2.67% |  -6,904.45  |        0.00  |       1,813.15  |    -5,091.30  |        6.43% |        520.56 
Television         | 14,999.08  |   7,096.07  |       2.34% |  -7,903.01  |        0.00  |       2,097.33  |    -5,805.68  |        8.21% |        582.60 
Telecom: Mobile    | 14,998.48  |   6,978.32  |       2.30% |  -8,020.16  |      388.77  |       3,505.16  |    -4,126.23  |       11.14% |        777.54 
Cruising           | 14,979.79  |   4,938.24  |       1.63% | -10,041.55  |        0.00  |         610.18  |    -9,431.37  |        0.00% |          0.00 
Medical Products   |  2,723.59  |   3,056.37  |       1.01% |     332.78  |        0.00  |          39.51  |       372.29  |        1.29% |         39.52

[1] - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

[2] - Realised Profit and Loss & Return of Capital – To Date

Date      | EPIC | Name                      | Real P&L (£) | Comment                                                                     
20-Sep-19 | IBST | Ibstock                   |      292.45  | Return of Capital
09-Oct-19 | GNK  | Greene King               |    4,188.29  | Sale – Pending Takeover 
16-Jul-21 | PNN  | Pennon Group              |    1,676.05  | Return of Capital - Share Consolidation 
21-Sep-21 | BHP  | BHP Group                 |      550.49  | Return of Capital                
16-May-22 | AV   | Aviva                     |      173.70  | Return of Capital - Share Consolidation 
01-Jun-22 | BHP  | BHP Group                 |    2,565.55  | Return of Capital - Woodside Energy Group (WDS) shares 
19-Jul-22 | GSK  | GSK PLC                   |     -275.74  | Return of Capital - Haleon PLC (HLN) shares - Share Consolidation 
19-Jul-22 | WDS  | Woodside Energy Group Ltd |        8.15  | Return of Capital - Woodside Energy Group (WDS) shares - Share Consolidation
          |      |                           |              |                                                                             
          |      | Total                     |   £9,178.94  |

Dividend Re-Investment: 11 December 2023

As at the close of business on Friday 08 December 2023, the amount available for re-investment will be £2,284.59. This amount will be re-invested in one holding on Monday 11 December 2023.

Candidates

I am not one to place a limit on the yield being purchased. HYP is an income strategy so forget any idea of limiting the yield to twice the number you first thought of after stepping off the scales this morning. Nor am I going to be swayed by looking backwards at what has already happened over the past “whatever” number of years. After many years spent working in Financial Services, in my view such decision strategies are correctly named “Investment Amateurism”. No, I will be looking for a holding that offers what I believe to be, going forward, the “Highest Sustainable Yield”.

To this end, the following is the list of candidates to be considered.

EPIC |       Company            | Reward (%) | Decision     | Comments                                              
WDS  | Woodside Energy Grp Ltd  |     11.35% | Possible     | Resultant Sector Value Concentration (9.65%)          
VOD  | Vodafone Grp             |     11.14% | Possible     | Resultant Sector Value Concentration (3.05%)          
PHNX | Phoenix Grp Holdings     |     10.45% | Possible     | Resultant Sector Value Concentration (7.14%)          
BATS | British American Tobacco |      9.97% | Disqualified | Resultant Sector Value Concentration (10.72%) too high
MNG  | M & G PLC                |      9.35% | Possible     | Resultant Sector Value Concentration (7.82%)

I think I have been here before! It is almost the same list that was reviewed for the last re-investment - October 2023 – although in a slightly different order!

Ignoring those that are disqualified in order to avoid over-concentration by Business Sector, we end up with …..

1. Woodside Energy Grp Ltd (WDS) – Yield 11.35%

There is an interesting article here:

https://www.ft.com/content/0716436a-a4f ... hoo/auddev

Essentially the proposal is to create one of the largest Liquified Natural Gas (LNG) suppliers in the world. At a time when many countries are looking to ensure supplies separate from Russian influence, this does appear to me to be a great idea. Of course, nothing has been agreed yet and there may well be some regulatory and market domination issues to overcome but I think, for WDS shareholders, it looks good for both Capital and Income advance.

Yes, the Oil price has come down recently which may effect earnings and future dividends, but, the last time I looked there is some slack to cushion the blow. Cash flow remains strong in my view.

2. Vodafone Grp (VOD) – Yield 11.14%

As I stated in September 2023:

My suspicion is, and it is only a suspicion, the management are going to concentrate on doing whatever is necessary to restore value to the company shares. I am not convinced that a dividend cut will be a part of that, but it cannot be ruled out. I would however be surprised if there were to be an increase in dividend, while this “action plan” is ongoing.

So, in spite of the cash generation, VOD is to be passed over, at least until more information is available as to what other actions will be taken. I suspect we will have to wait until the interim results, due in November, when of course the next dividend will be announced.

My full comments can be seen further up this thread, when reporting the decision for the dividend re-investment to be carried out in September 2023

That interim dividend is now confirmed as a hold – in EUR anyway – but I am still unsure. I shall await the final results, and consequently VOD will once again be passed over.

3. Phoenix Grp Holdings (PHNX) – Yield 10.45%

The selection for dividend re-investment last time around – October 2023.

As I stated then:

A somewhat strange candidate in my view, in that it appears to be a vehicle for simply buying up policies already in effect, rather than going out and creating its own new business. However, it does also appear that its cash generation is right up to scratch, with plenty left in the tank after the dividend payout is made to ensure that other expenses are properly met. A very tempting yield too! But also, the increase in dividend, with the notable exception of the year ending 31 Dec 2018, has been impressive.

I was initially tempted to simply continue building up the holding in PHNX. I still believe that the cash-generation created by PHNX is solid and so can see nothing wrong with this as a possible selection.

However, with WDS offering the highest yield …….

Woodside Energy Grp Ltd (WDS) – Yield 11.35% - is the decision for this dividend re-investment.

The Sector Value Concentration after purchase (9.65%) will leave the Oil Business Sector holding as number four by that measure, still sufficiently below the maximum allowed – 10%. But who knows, there may be further purchases to come.

I am not intending to purchase WDS for any of the “real” portfolios under my control, and therefore the price to be applied for this “virtual” purchase will be the Mid Price reported on the day. I shall post an update when the details of the purchase are known.

Should anyone wish to comment on this or any prior dividend re-investments, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=39072&hilit=pyad+hyp+2019

The intention is to keep this thread simply recording the events of the Portfolio during its fifth year.

Enjoy!

Ian

IanTHughes · #633241

PYAD HYP 2019_04 REINVEST – Year Five: Dividend Re-Investment – 11 December 2023 - Result

For the activity during Year One of this portfolio please see this thread: viewtopic.php?f=15&t=17908
For the activity during Year Two of this portfolio please see this thread: viewtopic.php?f=15&t=22901
For the activity during Year Three of this portfolio please see this thread: viewtopic.php?f=15&t=33979
For the activity during Year Four of this portfolio please see this thread: viewtopic.php?f=15&t=34041

This is an update on the HYP constructed by pyad, as recorded on this thread: viewtopic.php?f=15&t=16868&start=140

Further details of how updates are to be made to this portfolio can be found on this thread: viewtopic.php?p=218513#p218513

Update 11 December 2023

Dividend Re-Investment Purchase: Transaction Details

The Dividend Re-Investment indicated in the previous post has now been made as follows:

   Date   | Business | EPIC | Shares | Price (p)   | Cash (£)   | Stamp (£) | Fee (£) | Total (£)  | Yield (%) |        Comment                
11-Dec-23 | Oil      | WDS  |   144  | 1,569.5000  | -2,260.08  |     0.00  |  -1.50  | -2,261.58  |  11.92%   | Routine Dividend Re-Investment

The price achieved is the Mid Price for the day, calculated by halving the sum of the day’s High Price and Low Price.

Current Portfolio: Holdings

EPIC |        Company            | Shares  | Cost (£)   | Price (p)   | Value (£)    | Value (%) |    P/L (£)   | Ex-Div (£) | Div Rec'd (£) | Overall (£) | Y'ld (%) [1] | Year Div (£)
IMB  | Imperial Brands           |  1,283  | 26,121.51  | 1,817.0000  |   23,312.11  |     7.67% |   -2,809.40  |    664.85  |     6,950.58  |   4,806.03  |        8.08% |    1,883.70 
BATS | British American Tobacco  |    299  |  8,359.04  | 2,292.5000  |    6,854.58  |     2.26% |   -1,504.46  |      0.00  |     2,269.70  |     765.24  |       10.07% |      690.33 
WPP  | WPP                       |  1,780  | 14,997.55  |   734.4000  |   13,072.32  |     4.30% |   -1,925.23  |      0.00  |     3,018.88  |   1,093.65  |        5.36% |      701.32 
ITV  | ITV                       | 11,652  | 14,999.08  |    61.5400  |    7,170.64  |     2.36% |   -7,828.44  |      0.00  |     2,097.33  |  -5,731.11  |        8.12% |      582.60 
HSBA | HSBC Holdings             |  2,425  | 14,998.27  |   616.4000  |   14,947.70  |     4.92% |      -50.57  |    192.85  |     2,321.62  |   2,463.90  |        5.17% |      772.76 
IGG  | IG Grp Holdings           |  2,762  | 14,999.32  |   745.5000  |   20,590.71  |     6.77% |    5,591.39  |      0.00  |     5,690.77  |  11,282.16  |        6.06% |    1,248.42 
ABDN | Abrdn PLC                 |  6,389  | 17,397.08  |   181.0000  |   11,564.09  |     3.80% |   -5,832.99  |      0.00  |     5,366.98  |    -466.01  |        8.07% |      932.79 
MNG  | M & G PLC                 |  4,717  |  9,578.12  |   215.6000  |   10,169.85  |     3.35% |      591.73  |      0.00  |     1,694.08  |   2,285.81  |        9.23% |      938.68 
AV   | Aviva                     |  3,663  | 14,970.64  |   429.1000  |   15,717.93  |     5.17% |      747.29  |      0.00  |     3,895.64  |   4,642.93  |        7.41% |    1,164.83 
PHNX | Phoenix Grp Holdings      |    743  |  3,492.90  |   496.7000  |    3,690.48  |     1.21% |      197.58  |      0.00  |         0.00  |     197.58  |       10.47% |      386.36 
DLG  | Direct Line Insurance Grp |  8,882  | 20,716.58  |   190.3500  |   16,906.89  |     5.56% |   -3,809.69  |      0.00  |       356.51  |  -3,453.18  |        0.00% |        0.00 
GSK  | GSK PLC                   |    752  | 11,986.74  | 1,447.4000  |   10,884.44  |     3.58% |   -1,102.30  |    105.28  |     2,929.70  |   1,932.68  |        3.90% |      424.88 
HLN  | Haleon PLC                |    941  |  2,723.59  |   327.5500  |    3,082.25  |     1.01% |      358.66  |      0.00  |        39.51  |     398.17  |        1.28% |       39.52 
BA   | BAE Systems               |  3,043  | 14,995.20  | 1,042.5000  |   31,723.28  |    10.44% |   16,728.08  |      0.00  |     3,764.14  |  20,492.22  |        2.70% |      855.07 
SMDS | DS Smith                  |  4,310  | 14,997.11  |   303.0000  |   13,059.30  |     4.30% |   -1,937.81  |      0.00  |     2,642.03  |     704.22  |        5.94% |      775.80 
IBST | Ibstock                   |  5,849  | 14,999.47  |   138.8000  |    8,118.41  |     2.67% |   -6,881.06  |      0.00  |     1,813.15  |  -5,067.91  |        6.41% |      520.56 
LAND | Land Securities Grp       |    818  |  7,499.19  |   654.0000  |    5,349.72  |     1.76% |   -2,149.47  |     75.25  |     1,197.93  |    -876.29  |        5.99% |      320.65 
BLND | British Land Company      |  1,273  |  7,494.24  |   387.9000  |    4,937.97  |     1.62% |   -2,556.27  |    154.79  |     1,060.54  |  -1,340.94  |        5.98% |      295.33 
BHP  | BHP Grp                   |    838  | 14,992.51  | 2,465.0000  |   20,656.70  |     6.80% |    5,664.19  |      0.00  |     5,939.11  |  11,603.30  |        5.50% |    1,135.59 
RIO  | Rio Tinto                 |    173  |  9,833.07  | 5,484.0000  |    9,487.32  |     3.12% |     -345.75  |      0.00  |     1,943.69  |   1,597.94  |        5.89% |      558.82 
SHEL | Shell                     |    457  |  9,626.22  | 2,516.5000  |   11,500.41  |     3.78% |    1,874.19  |    120.23  |     1,599.71  |   3,594.13  |        4.19% |      481.97 
WDS  | Woodside Energy Grp Ltd   |    737  | 12,975.05  | 1,561.0000  |   11,504.57  |     3.78% |   -1,470.48  |      0.00  |       698.18  |    -772.30  |       11.44% |    1,315.96 
BP   | BP                        |  1,347  |  7,496.10  |   467.2500  |    6,293.86  |     2.07% |   -1,202.24  |     78.05  |     1,339.49  |     215.30  |        4.96% |      312.20 
VOD  | Vodafone Grp              | 10,077  | 14,998.48  |    68.5500  |    6,907.78  |     2.27% |   -8,090.70  |    388.77  |     3,505.16  |  -4,196.77  |       11.26% |      777.54 
CCL  | Carnival Corp.            |    384  | 14,979.79  | 1,261.0000  |    4,842.24  |     1.59% |  -10,137.55  |      0.00  |       610.18  |  -9,527.37  |        0.00% |        0.00 
PNN  | Pennon Grp                |  1,316  | 10,670.59  |   750.5000  |    9,876.58  |     3.25% |     -794.01  |      0.00  |     2,363.09  |   1,569.08  |        6.13% |      605.88 
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Sub Total:                |         |            |             | £302,222.13  |    99.41% | -£28,675.31  | £1,780.07  |               |             |        5.86% |  £17,721.56 
     | Cash Balance:             |         |            |             |      £11.71  |     0.00% |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,780.07  |     0.59% |              |            |               |             |              |             
     |                           |         |            |             |              |           |              |            |               |             |              |             
     | Current Value:            |         |            |             | £304,013.91  |           |              |            |               |             |              |             
     | From:                     |         |            |             |              |           |              |            |               |             |              |             
     | Cash In:                  |         |            |             | £254,904.77  |           |              |            |               |             |              |             
     | LESS Cash Out:            |         |            |             |       £0.00  |           |              |            |               |             |              |             
     | Dividends Rec'd:          |         |            |             |  £66,825.44  |           |              |            |               |             |              |             
     | Ex-Dividend:              |         |            |             |   £1,780.07  |           |              |            |               |             |              |             
     | Realised P/L:             | [2]     |            |             |   £9,178.94  |           |              |            |               |             |              |             
     | UnRealised P/L:           |         |            |             | -£28,675.31  |           |              |            |               |             |              |             
     |                           |         |            |             |              |     XIRR  |              |            |               |             |              |             
     | Total:                    |         |            |             | £304,013.91  |     3.79% |              |            |               |             |              |

Current Portfolio: Business Sectors

Business           |  Cost (£)  |  Value (£)  |  Value (%)  |  P/L (£)    |  Ex-Div (£)  |  Div Rec'd (£)  |  Overall (£)  | Y'ld (%) [1] |  Year Div (£) 
Weapons            | 14,995.20  |  31,723.28  |      10.43% |  16,728.08  |        0.00  |       3,764.14  |    20,492.22  |        2.70% |        855.07 
Tobacco            | 34,480.55  |  30,166.69  |       9.92% |  -4,313.86  |      664.85  |       9,220.28  |     5,571.27  |        8.53% |      2,574.03 
Mining             | 24,825.58  |  30,144.02  |       9.92% |   5,318.44  |        0.00  |       7,882.80  |    13,201.24  |        5.62% |      1,694.41 
Oil                | 30,097.37  |  29,298.84  |       9.64% |    -798.53  |      198.28  |       3,637.38  |     3,037.13  |        7.20% |      2,110.13 
Fund Manager       | 26,975.20  |  21,733.94  |       7.15% |  -5,241.26  |        0.00  |       7,061.06  |     1,819.80  |        8.61% |      1,871.47 
Gambling           | 14,999.32  |  20,590.71  |       6.77% |   5,591.39  |        0.00  |       5,690.77  |    11,282.16  |        6.06% |      1,248.42 
Insurance: Life    | 18,463.54  |  19,408.41  |       6.38% |     944.87  |        0.00  |       3,895.64  |     4,840.51  |        7.99% |      1,551.19 
Insurance: NonLife | 20,716.58  |  16,906.89  |       5.56% |  -3,809.69  |        0.00  |         356.51  |    -3,453.18  |        0.00% |          0.00 
Banks              | 14,998.27  |  14,947.70  |       4.92% |     -50.57  |      192.85  |       2,321.62  |     2,463.90  |        5.17% |        772.76 
Advertising        | 14,997.55  |  13,072.32  |       4.30% |  -1,925.23  |        0.00  |       3,018.88  |     1,093.65  |        5.36% |        701.32 
Packaging          | 14,997.11  |  13,059.30  |       4.30% |  -1,937.81  |        0.00  |       2,642.03  |       704.22  |        5.94% |        775.80 
Pharma             | 11,986.74  |  10,884.44  |       3.58% |  -1,102.30  |      105.28  |       2,929.70  |     1,932.68  |        3.90% |        424.88 
Real Estate IT     | 14,993.43  |  10,287.69  |       3.38% |  -4,705.74  |      230.04  |       2,258.47  |    -2,217.23  |        5.99% |        615.98 
Utility: Water     | 10,670.59  |   9,876.58  |       3.25% |    -794.01  |        0.00  |       2,363.09  |     1,569.08  |        6.13% |        605.88 
Bricks             | 14,999.47  |   8,118.41  |       2.67% |  -6,881.06  |        0.00  |       1,813.15  |    -5,067.91  |        6.41% |        520.56 
Television         | 14,999.08  |   7,170.64  |       2.36% |  -7,828.44  |        0.00  |       2,097.33  |    -5,731.11  |        8.12% |        582.60 
Telecom: Mobile    | 14,998.48  |   6,907.78  |       2.27% |  -8,090.70  |      388.77  |       3,505.16  |    -4,196.77  |       11.26% |        777.54 
Cruising           | 14,979.79  |   4,842.24  |       1.59% | -10,137.55  |        0.00  |         610.18  |    -9,527.37  |        0.00% |          0.00 
Medical Products   |  2,723.59  |   3,082.25  |       1.01% |     358.66  |        0.00  |          39.51  |       398.17  |        1.28% |         39.52

[1] - Yield and Forecast Income are based on my own Share Database Spreadsheet and are essentially calculated from the dividends that would have been earned over the previous 12 months, unless the company itself has clearly indicated otherwise.

[2] - Realised Profit and Loss & Return of Capital – To Date

Date      | EPIC | Name                      | Real P&L (£) |         Comment                                                   
20-Sep-19 | IBST | Ibstock                   |      292.45  | Return of Capital                                                 
09-Oct-19 | GNK  | Greene King               |    4,188.29  | Sale – Pending Takeover                                           
16-Jul-21 | PNN  | Pennon Group              |    1,676.05  | Return of Capital - Share Consolidation                           
21-Sep-21 | BHP  | BHP Group                 |      550.49  | Return of Capital                                                 
16-May-22 | AV   | Aviva                     |      173.70  | Return of Capital - Share Consolidation                           
01-Jun-22 | BHP  | BHP Group                 |    2,565.55  | Return of Capital - Woodside Energy Group (WDS) shares            
19-Jul-22 | GSK  | GSK PLC                   |     -275.74  | Return of Capital - Haleon PLC (HLN) shares - Share Consolidation 
19-Jul-22 | WDS  | Woodside Energy Group Ltd |        8.15  | Return of Capital - Share Consolidation                           
          |      |                           |              |                                                                   
          |      | Total                     |   £9,178.94  |

Next Actions Required

Next Dividend Re-Investment

Dividends received by this Portfolio are re-invested on the 10th day of each month or, should that not be a market day, the first market day after the 10th day, just so long as a cash balance of at least £2,000.00 is available the day before. Therefore, based on current dividend expectations, the anticipated Dividend Re-Investment timetable for the next 12 months is as follows:

Date      | Balance   | Re-Invest?
10-Jan-24 | 1,297.73  |      N         
12-Feb-24 | 2,222.96  |      Y         
11-Mar-24 |   366.24  |      N         
10-Apr-24 | 2,935.25  |      Y         
10-May-24 | 2,109.79  |      Y         
10-Jun-24 | 1,969.57  |      N         
10-Jul-24 | 3,072.80  |      Y         
12-Aug-24 |   732.74  |      N         
10-Sep-24 | 1,326.44  |      N         
10-Oct-24 | 4,917.47  |      Y         
11-Nov-24 | 1,926.82  |      N         
10-Dec-24 | 2,474.84  |      Y

The next Dividend Re-Investment will therefore be on 12 Feb 2024 when £2,222.96 is currently forecast to be available for re-investment. At the moment of course, it looks as if the decision will once again be between increasing the holding of M & G PLC (MNG) or Phoenix Grp Holdings (PHNX). With regard to Vodafone Grp (VOD), I will most probably still be awaiting the Final Results, due sometime in May 2024.

Of course, there are two months to wait during which much could change. As usual, a final decision will be made, and reported here, a few of days before the Re-Investment is due to be made.

Should anyone wish to comment on this or any prior top-ups, as well as any other actions taken in the management of this virtual HYP Portfolio, then please do so but only on this related thread: viewtopic.php?f=15&t=39072

The intention is to keep this thread simply recording the history of the Portfolio, during its fifth year.

Enjoy!

Ian

The Lemon Fool

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