Friday Email: 25 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 has had a reasonably good week. It is currently trading at 6840 for a gain of approximately 90 points on the week.
The past week has seen some good dividend increases with double digit increases coming from Diploma (10%), Big Yellow Group (12%), Babcock (10%), Paragon (22.7%) and Pets at home (25%).
The week ahead continues to be quite busy with plenty of dividend declarations due.
Lavendon were bid for during the week at a 50% premium and way over the price of 109p when we highlighted them a few weeks ago. The bid was at 205p in cash. Ashtead may well come to the table so they remain a hold in my view.
Meanwhile TalkTalk continued its slide exacerbated by going ex-dividend yesterday. It now yields over 10% if it can hold its dividend, which seems likely.
New into DividendMax this week we have Belvoir Lettings at the request of a member and as part of the BATS indices upgrade we have Headlam Group, Market Tech holdings, Mears Group and Pendragon with more to come next week.
This week we're pleased to announce the new mobile-optimised version of our DividendMax website. (www.dividendmax.com) This means an improved design for those of you accessing the site on your phone or tablet. As always, we welcome your feedback and suggestions to mark@dividendmax.com.
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 November 2016
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.
