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Friday Email: 18 November 2016

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 FTSE 100 is trading at around the 6800 level having had a volatile week. We seem to have been talking about the 6800 level on the FTSE for a good few years now. Last year it was the Resource stocks that held it back, but this year they are well up. This year we have seen big retailers like Marks and Spencer and Next, alongside stocks perceived to be badly affected by Brexit such as ITV and the housebuilders holding it back.

The past week continued the theme that we have seen all year. Plenty of moderate dividend increases with a few big increases thrown in. The big increases this week came from Dart Group who increased by 53%, Avon Rubber who increased by 30% and AdePT Telecom who increased by 25%.

The week ahead is also busy with plenty of declarations due with very busy days on Tuesday and Thursday.

TalkTalk continue to sink after their interims on Tuesday where they announced an unchanged dividend of 5.29p and they stated that the final dividend will be at least in in line with last years (10.58p) for a total of 15.87p on the year. They also stated that year end net debt to EDITDA would be significantly lower at the year end demonstrating their strong operational cash flows. The fall in the price, which is continuing today has taken them close to the top of the Optimizer for a yield of over 10%.

New into DividendMax this week we have three new Indices from BATS; the BATS 100, 250 and 350. The BATS indices provide a superior representation of the market than the FTSE indices in my opinion as they do not contain investment trusts and hedge funds. As a result of which we have added the following companies:

BCA Marketplace, Capital & Regional, FDM Group, CMC Markets, Exova Group and Hill & Smith, with quite a few more to come.

This email was originally sent on Friday 18 November 2016

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.

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