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MrDividend

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Everything posted by MrDividend

  1. BTW - have been using divi's to buy Lewis. Basically, if SA inc starts to move again retailers should start picking up. Lewis is well run (even if I would not be a customer) - on a low sub 10 P/E (around 8.5) - NAV is R60. They also not geared at all and have around 680mill in the bank - so no chance of going under. In the last couple of years they have increase their footprint by buying failing competitors. When times are good, they are big dividend payers. Might be still some down side - but I am just adding as and when divi's arrive, Yup, not very exciting, and will not shoot the lights out - but not that risky in my book, and in a a couple of years you could be seeing a very healthy dividend.
  2. From Curro's last HY results : The schools' business enjoyed continued revenue and margin growth against the comparative period in 2016. Curro performed well overall, despite the seven Meridian campuses, operating in the rural lower-fee market, experiencing pressure as a result of lower learner numbers compared to the previous year. That said - PEM's schools (as I understand it) it not rural - more lower market suburban.
  3. The one area that was a huge problem for Curro was their cheaper offering - the market that PEM is going for. But certainly seems like they are innovative.
  4. Firstly, was the zim dollar a currency?
  5. Been a bit quite - so thought we could do with a bit of a conversation starter... For me, I have split my portfolio into two - and treat them separately. I have an income generating portfolio - roughly half SA Reits/ Half oversea REITS. Contains 24 companies. Then I have what i call a CGT portfolio which is about 1/4 of the size and contains companies that i hope will grow with/without taking in consideration dividends - contains 30 shares. Only etfs I have are in my TFSA Biggest holding would be 8.7%(capitec) and smallest 0.14%(steffanuti and PBT). Many would say - why bother having such a tiny holding? Well, when newcomer capitec launched, what percentage would a savvy invested have had invested? 1 -2 % max would be my guess. I like the fact the most of my counters could fall 20 - 30% - and although I would not be a happy camper - certainly would not harm me too much. On the down side - maybe it is a bit of a shotgun approach to building a portfolio - maybe by limiting yourself to 5 - 6 counters you would be more invested in them. Of course, that could bring in a few problems. One idea I quite like is 70 - 80% etfs, then a few selected companies at 4-5% each. The problem is, I really enjoy reading SENS from companies I have an interest in. Anyway, what's your feelings on the matter?
  6. Only play I have in resources (for the long term) is a very small holding in Master Drilling. Kicking myself for not entering a year ago when resources where beaten down - will catch them next time.
  7. MrDividend

    Shares

    Firstly I have owned a small amount of Intu for a few years. Initially did well - but now sitting on a loss. Not a very good divided payer ether. Hmmm, not sure why I own them - guess at this point just do not want to take the loss! They do own great assets though. Most of the pro's like hammerson more. I don't think having some UK exposure is a bad thing - but as they shares might be in the doldrums for a while, you might want to get a decent dividend while waiting for things to pick up. My UK exposure is through Intu, Atlantic leaf (industrial/ great dividend), Redefine Inter (I wouldn't be adding) and Texton (SA REIT, with around 40% exposure to the UK, fantasic dividend but very unloved so wouldn't recommend, but after Capitec, my biggest holding). Did look at Capital And Regional - look well run, they like to sell mature assets then reinvest - decent divi as well. The other interesting one is Equities - on the surface looks good - modern logistics in SA and UK - good for the future I guess. But, for me, would look at safer oversea investments first - no one knows what will happen to the UK. Sirus (germany, small industrial units, the great at developing sites) - NepiRockcastle (Retail, cover most of the CEE region but strong focus on Romania and Poland) - or Ecko Polska (just poland). I really like all three - as a region a feel Poland will do well with is population size as well as the poles are hardworking and value education.
  8. Kinda had the same thought as SB and sold my curro before the split. Bought ADV and PSG so was still in the sector as well as still in the company - but diluted. Although I am up in both - might have been slightly better of having gained the stadio shares. Went to have a look - looks like I would have been better off around R2k. Irritating, but no train smash. BTW - pretty hard finding transactions on EE. Way easier with ABSA - not sure why EE has to add ( or show) the interest earned every day.
  9. BTW - did take a quick look at past records to see which one I would invest in now. Although ADI has slightly better past long term growth, EOH's is a lot "smoother". EOH is also a bit cheaper on a PE basis. ADI is smaller - good in that an acquisition or two could boost HEPS - but EOH being bigger, would be included in institutional investors and ETFs. For me, I would more likely add to my EOH holdings.
  10. MrDividend

    Shares

    So I bought 4sight and want to buy Intu properties which is based in the UK . It owns most of London properties. Intu own large, quality malls in the UK ( a few in in Spain as well) - biggest being Traford center in Manchester. Sort of the Hyprop of the UK. I don't think they have that much in London. Capital and counties is the London based property DEVELOPMENT company with activities in Earls Court and Covent Garden. Besides being property in the UK, they are pretty different. REIT(income from rents) vs development.
  11. Have EOH and ADI - actually prefer EOH out the two - looking at long term growth. Just seems to be an unloved sector at the moment, not sure why. But both at a good price. The question is, have they found a bottom, or should you wait for a bit of a recovery?
  12. Not for me - but I need to right size my portfolio and at the moment way to slanted towards small caps. I am also slightly weary of IPO's - seems a mixed bag. Some take off like a rocket, others tank. Not many "float"!
  13. see a director just sold some PEm - all R16 000 worth - hardly worth it! But not good...
  14. Excellent news. Use MT5 for FX - will be great to use it for SA cfds. Weird that i am learning about it here as I have a GT account that i use every day.
  15. Opened my first share account in the UK - +-15 years ago. Bought OML, SAB and one or two others. One, was a penny stock, oil exploration company JKX which featured in some stock picking column. BTW could not remember the name so had to go look it up - have no clue how many I bought - think the whole account was worth 2000 pounds with 4-5 shares, so no mre than 500 pounds worth anyway. I bought it under 15 pence. About 6 months later we bought a house in SA and I had to sell my shares as we needed the cash - lost a little bit overall. But we bought the house, but still had to stay in the UK for another year saving cash. I remember though, when we left seeing an article in a newspaper at the airport about JKX and it's shares price which was over pound. Gutted. Looking at the share price, it kept shooting up to around 4 pounds after 3 years - pretty impressive. Actually hit 5 pound a few years after that, just before 2008. Obviously, would have done very well with the SAB shares as well. BTW - my best investment though, was actually the house. Bought in a tiny WC village for R288 000 cash, sold 3 years later for R1.6 mil!
  16. Basically, they have had to restate figures as their previous figures are crap. Really bad, should be sanctioned IMO. Plus, obviously, some sellers knew.
  17. And to think some want to trade on crypto on margin.
  18. Been watching Rolfes - wondering why it's dropping. I would have thought the strong rand would have helped it's imports - exports only account for 10% of revenue. EPS last year was around 53c, for the 1st 6 mnths already 38c. So 53 x20% = 64c - 38 = 26c So if they had done eps of 26c, they will have to put out a TS - which has not happened. Yet But in 2015 they gave a TU 3 days before results. They seem to be pretty good at growing earnings - so would not be surprised if a TA did not appear. It trading on a p/e of (assuming current price of 353) of 9.2 ON JUST THE FIRST 6 MONTHS EARNINGS - that's pretty good, unless they made a huge loss. So, as I am confused, will stick mu head in the sand, and hold till I see the results.
  19. BTW - I have sold out of COH - roughly half went to advtech and the other half to PSG. Have set an alert for COH if the price drops below 2800 Took a 3.5% haircut on COH (plus expense) but feel in this environment COH is just rated too highly. That said, have not left the sector, or even, really the company ....
  20. Might have to sell out of COH - if penciled in EPS is around 55c - but even pushing the boat out and say 65c - and then say a P/E of 40 is fair - then a price of around R26 would be fair. Eish. There should be some support at R28. An idea might be to switch from COH to PSG for a bit, but then ease back into COH from 28 - 23. And/or move a bit to the more reasonably priced advtech - but even there HEPS only increased 6% in last TA - is that worth a pe of around 23 (penciling in EPS of 75c). Must be said though, it usually grows at 20% plus - so might be some one off issues. Then pe of 23 IS worth it. Point is COH could re rate BADLY
  21. Not yet - must be fighting for a higher price...
  22. have held MMG for a while - fundamentally looks very good (imo) market is just not taking notice at the moment. Does not look like it will drop further -range bound at the moment. My feeling is that it will eventually re rate higher, has to looking at heps growth (just hard to say when)- until then will collect the rather decent dividend. I expect that when it breaks out - say to around 1300 - it will rapidly move higher and the consolidate for a while.
  23. Not great compared to the last few years. So now have to decide is this the new 'normal' - or more a once off.?And if growth is going to be more subdued going forward, is it's current PE of 15 expensive? Think I will wait for mid year results - but will be look for high teens HEPs growth - if not, might say goodbye. At the moment though, 15 pe for a small cap would be considered to be on the expensive side, so would not be surprised to see the share price slide a bit.
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