Friday Email: 16 October 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 saw the FTSE 100 give up a modest amount of the recent gains. It has fallen about 20 points this week. We saw another very good set of results from Bellway who we highlighted a while back. It is now up around 50% since then and with it came a 48% increase in the dividend this week. Three of the new additions to DividendMax this week produced very good dividend increases with Dot Digital up by 80%, Next Fifteen up by 20% and Walker Greenbank up by 25.7%. WH Smith carried on their very good track record with a 13% increase and the announcement of further buybacks very simliar to the Next model.
The week ahead sees Whitbread, Development Securities, Home retail and Stobart Group reporting to the market.
We have decided to go for full coverage of all UK dividend paying stocks so we are looking at all declared results and if we do not cover them, we are adding them into DividendMax if they pay a dividend with the usual careful analysis. As a result new into DividendMax this week we have Dot Digital Group, Proactis Holdings, Next Fifteen Communications, Animalcare Group, Walker Greenbank, Game Digital and today Volution Group. This process should take about 6 months to complete and then we will provide the most comprehensive forward dividend service to the retail investor on the market today (This will put the retail investor on a par with the Institutional Investors which is something we are very proud of. This was one of the objectives of the firm when we set it up and it will have taken us four and a half years before we finally achieve it) For investment trusts we will continue with the current strategy of adding them in at the request of members.
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: 09 October 2015
The FTSE 100 has had a very good October so far and has risen over 500 points from the 5850 intraday low reached on the 28th September. It is currently trading at 6435 in pre market, up 10% since the 28th September low. Even with this boost, the FTSE 100 is still nearly 2% lower than it started the year. The DividendMax model portfolio continues to outperform and is up 6% year to date.The volatility has gone this week and we are going up in pretty much a straight line. I'm not quite sure why. I suspect the market was just very oversold as I suggested a couple of weeks ago when I thought that we had reached capitulation. The other reason is that the current feeling is that the U.S. won't raise intertest rates any time soon following the poor jobs report.
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