Friday Email: 03 May 2013
Every Friday morning our lead analyst Mark Riding sends out his weekly run-down and upcoming events in the investor calendar, like this one:
The markets continue trade in a narrow trading range and are showing good resiliance. We are expecting a fall and it is a brave investor who would pile in at these levels. That said, I have never quite understood the sell in May adage from a dividend perspective as it the biggest month for dividends with 68 companies in the UK going ex in the rest of May.
Our Dividend of the previous week, Carillion took a tonking on Monday as Balfour Beatty issued a profit warning. We correctly eliminated Balfour Beatty in that analysis and I am am happy to re-iterate my stance on Carillion. It is a strong yield play with good cover and a low price earnings ratio. I have learned to have faith in the Optimizer even when things look to be going wrong. As I write most of the fall on Monday has been recovered.
In the coming week, the Antofagasta Dividend looks very attractive, paying approximately 58p against a share price that is in the doldrums at 912.5p.
Our website is going to be changing quite a bit over the coming months starting with some changes to the home page and the Optimizer, probably next week. We have had some designers look at it and they have suggested a number of enhancements.
The Friday email is delivered to over 20,000 subscriber’s every week, and remains a widely read run-down of recent events and what investors can expect in the week ahead written by our chief analyst Mark Riding.
It’s included as part of the free DividendMax trial.
Read next: 26 April 2013
The FTSE 100 has clawed back around 200 points in the past 5 days and is starting to look a little range bound. It feels, as we move towards 6500, that another downturn will occur. The miners have had a decent week. Not surprising as they were starting to look seriously undervalued and remain so in my my view.
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