As a dividend-focused investor I’m always on the lookout for high yield shares, whether that yield is high relative to the market average or high relative to the company’s peers. However, as most yield-seeking investors soon discover, high yield … [Read more...] about 6 Questions to help you avoid yield traps
Over the last few years Standard Chartered has not turned out to be a good investment, with shareholders being hit by both a rights issue and a suspended dividend. The root cause was the bank’s balance sheet, which was not able to withstand … [Read more...] about Standard Chartered and the importance of a strong bank balance sheet
Halfords has a dividend yield of 5% at its current share price of 342p. That’s an attractive yield for a somewhat defensive retailer, but in recent years its go-faster stripes (or at least its previously high growth rates) have fallen off. So … [Read more...] about Halfords PLC has a 5% dividend yield but its go-faster stripes have fallen off
As dividend-paying stocks go, Mark's & Spencer is not exactly a "hidden champion". On the contrary, it's a company that just about everyone in the UK (investor or not) is aware of. Because of its long history as the centrepiece of many UK high … [Read more...] about Marks & Spencer’s dividend yield: Is it big enough to offset the risks?
Today the FTSE 250 stands about 50% above its pre-financial crisis highs and more than 200% above its post-crisis lows. Those are impressive gains, but has it left the mid-cap market overvalued? I think it has, and the implications for expected … [Read more...] about FTSE 250 forecast for 2017: An expected decline of 8%
In December 2015 I wrote the first of what will hopefully be a very long series of annual forecasts for the FTSE 100, FTSE 250, S&P 500 and UK housing market. That first article forecast the value of the FTSE 100 at the end of the 2016 and – … [Read more...] about FTSE 100 forecast for 2017: Up, but not by much
If you ask most people what the UK national grid is, they’ll probably say something about it being the electricity grid. What they'll have in mind is a network of pylons, cables, transformers and other such infrastructure which enables the … [Read more...] about National Grid PLC: The ultimate low-risk dividend stock?
When TP ICAP joined the UK Value Investor model portfolio in 2011 it was called Tullett Prebon and was the second largest interdealer broker in the world behind ICAP PLC. I invested in Tullett Prebon for the usual reasons: it appeared to be a good … [Read more...] about Selling TP ICAP PLC after a 57% return over five years
Every year throws up many valuable investment lessons, and 2016 was no different. For me these investment lessons come primarily from the companies I buy and sell, both winners and losers, mistakes and successes. I uncover these lessons by … [Read more...] about 2016 Investment lessons and case studies
The end of 2016 was an important milestone for the UK Value Investor model portfolio. It marked the end of the portfolio’s fifth full calendar year and so at last it is beginning to build up a meaningful performance track record. I say … [Read more...] about 2016 Portfolio review: Steady progress and still on target