Friday Email: 25 September 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:
This has been a difficult week for investors and there were a number of times when I thought the market was about to reach the capitulation point. Who knows, it may have happened yesterday as we have now seen a big bounce in the futures for the FTSE 100 and the Dow Jones. The FTSE 100 fell well below the 6000 mark, which was territory I did not expect to see again after the heady days of 7100 in late April. A 16% drop from top to bottom (so far) in 5 months is a major, rapid correction and of course it has thrown up some big yields.
The countdown reveals some big single dividend yields coming up with DX Group, which was requested by a member this week yielding 4.88% from its dividend declared on Monday 21st, going ex on 8th October. Another recent addition, Card Factory is paying a special and an ordinary dividend which together make up 4.9% going ex on 15th October. Finally, Ashmore is yielding 4.91% from the single dividend going ex on 5th November. (all at yesterday's closing prices, but the market in bouncing so far this morning with the FTSE 100 well up)
The week ahead is quiet and I will be interested to see the reaction to Globo's numbers on Tuesday. The market just does not trust this company although it keeps throwing up some great looking numbers.
Into DividendMax this week we have, as a result of the latest FTSE 250 reshuffle which took effect on Monday, P2P Investments, Circassia Pharmaceuticals and Sophos. In addition to those additions, we have the requests from members; Gateley (holdings) plc, Polo resources, PPHE Hotels, DX Group, Blackrock Smaller Companies Investment Trust, Henderson Smaller Companies Investment trust and Aberforth Geared Income Trust.
The GVC debate carries on. Here is an email from another member which suggests all may not be lost for the 2015 dividend. We have added this dividend back into DividendMax.
In your weekly summary you point out the doubt surrounding GVC's dividends. In the Rule 2.7 Announcement of 4/9/15, point 15 reads:
Dividends of GVC
On 6 July 2015 the GVC Board declared an interim dividend of €0.14 per share, payable on 17 August 2015 to GVC Shareholders on the register on 24 July 2015.
The GVC Board also intends to declare a further interim dividend of €0.14 per share, which will be payable, subject to Completion occurring, to those GVC Shareholders on the register at a date to be confirmed by GVC but which will be prior to Completion.
Hopefully that should clarify matters!
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: 18 September 2015
The markets have had yet another volatile week, but not extreme movement, trading in a relatively narrow range, but still very much up and down from one day to the next.
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