Friday Email: 03 July 2015
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 past week has been dominated by the Greek debt crisis which is starting to look pretty dire from the Greek perspective having failed to repay the IMF by the 11pm Tuesday deadline. Non payment, especially by a developed country, is seen as a bit of a slap in the face to the international community. The coming weekend sees the referendum on the austerity measures and it looks too close to call. The FTSE 100 has had a volatile week and it looks like more of the same next week with little corporate news and more market reaction to the crisis in Greece.
Good dividend increases came this week from recent addition to DividendMax Plastics Capital and also from St Modwen properties with 33% and 30% increases respectively.
The week ahead is the quietest of the year in terms of companies reporting with just Micro Focus International reporting on Wednesday. They have got a superb track record of dividend payments and we will see how their recent merger is progressing.
It was the half year end on Tuesday and the DividendMax model portfolio finished the half year up 6.33% (8.56% including dividends)
In the same period the FTSE 100 has gone from 6547 to 6558, virtually unchanged.
The FTSE all share has risen from 3524 to 3595, up 2% at the half year.
The top 5 performers from the 20 in the portfolio in the half year to date are Saga (up 40.30%), Talktalk (up 26.21%), Bellway (up 24.39%), Rexam (up 22.19%) and Sky (up 17.35%)
We have restructured the model portfolio for the next 6 months as of Wednesday 1st July.
An addition to DividendMax from a member this week was Communisis which looks very good value if they can make the forecast numbers for this year and next.
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 June 2015
The FTSE 100 had a very strong start to the week but has given up a lot of the gains in the past two days as worries over Greece persist for what seems like a lifetime. On to dividends and we saw some pretty solid increases in the past week from companies.
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