Centrica’s dividend cut – How should shareholders react?

Question mark

This week I was mildly surprised to see that Centrica (which I’ve owned since 2012) had cut its final dividend as part of a plan to rebase the dividend some 30% below its previous level. It wasn’t a complete surprise given the recent collapse in the price of oil, but it’s the sort of event which […]

Unilever’s slower dividend growth could mean it’s time to sell

Rising dividends

Unilever is almost an obligatory holding for many dividend growth investors. That’s no surprise because the company’s consumer products (including brands such as Dove, Flora and Magnum) are well suited to a world in which a growing number of people are willing and able to buy those products. That tailwind of growing consumerism has enabled […]

The basics of investing and some other interesting reads

Investing ROI

Here are some of the things I’ve been reading lately, mostly from blogs I’ve read and respected for a long time: The investing basics that underpin success – Monevator The Swiss Franc & the dangers of following strategies with even a small chance of “blowing up” – Expecting Value Remove the Emotion from Your Investing […]

Investment performance review for 2014

Investment strategy

Well that’s another year in the bag, and not a particularly good one either. The FTSE All-Share produced a total return of about 2.7% while total earnings and dividends from FTSE 100 companies barely changed at all from 2013. So that’s the context within which my own modest investment efforts have been applied, and as […]

5 Investment lessons for 2015 and beyond

ROI - return on investment

2014 has been a bit of a damp squib for most UK investors. The FTSE 100 fell from 6,750 to around 6,600, aggregate large-cap earnings declined while dividends in total remained more or less unchanged. About the only thing that increased dramatically was volatility, with near vertical declines and recoveries in October and December. While […]

Value traps – 18 Questions to help you avoid them

Market Crash

As value investors we’re looking for “cheap” shares that are unpopular almost by definition. What we don’t want though are “value traps”, shares that are unpopular because the company is heading into permanent decline, or where a crisis is about to explode. Instead what we want are cheap shares from companies that will continue to […]

My new investment spreadsheet

Gears

Recently I’ve made a few changes to my investment strategy and those changes are now reflected in this investment spreadsheet, which you can download and use if you so wish (and at your own risk). These changes have been made in line with my commitment to a Kaizen approach to investing, i.e. continuous small improvements. The changes […]