Today I reinvested the proceeds of my
recent sales of Bwin.Party (BPTY). Hammerson
Hammerson (HMSO) were tipped as Investors Chronicle magazine “Value stock of the year” today (page 20). I fully expected to see that the share price had risen on the news, but shares had actually fallen a little.
Hammerson are a European property firm that invests in and develops shopping centres, retail parks and prime offices through operations in the UK, France and Germany. According to the Share Centre Company Overview “Its portfolio of around 1.2 million m² of retail space and over 260,000 m² of prime offices is valued at around £5.7bn.”
So after yesterday’s huge share sell off (the FTSE100 ended down 4.7pc – its biggest one day fall since March 2009), the Amateur Investor was keen to take advantage of “sale” prices. So will this particular “fool” soon be parted from his money?
I listened to a short audio podcast on The Telegraph website earlier today called “
Questor Income Tips“.
In the podcast, Garry White talks to Robert Miller about which companies offer the best dividends for hard-pressed investors.
Posted in dividend income, HYP, investing for income |
Tagged AV., Aviva, BAE, BAE Systems, dividend income, national grid, ng, Questor, RSA, RSA Insurance, The Telegraph, VOD, Vodafone |
As mentioned in a couple of previous posts, I have been waiting for
Aviva (AV.) to drop to the 300p level, at which point I would be adding to my existing holding of the high dividend paying shares.
Well this morning my buying price was triggered and I managed to buy in at 292.85p (including stamp duty).
This purchase took my average buying price down to 330.67p from 342.81p – I will be looking for further weakness to lower this average buying price even further.
According to The Share Centre, the forecast dividend for 2012 is 28.48p, so today’s shares should yield 9.73%.
The Amateur Investor overall holding (average buying price 330.67p) should yield 8.61% in 2012.
Only one other share trade today, a small purchase of Pendragon (PDG) at 10p (including stamp duty).
Last trade of the week was a small purchase of Barclays (BARC) shares. Re-investing a dividend payment which appeared in my dealing account this morning.
Bought the extra shares at 153p, and they ended the day at 144p – Typical of my purchases recently!
Still got my eye on more Aviva (AV.) shares, but the news that the Government has confirmed a
ban on insurers receiving referral fees from lawyers in personal injury cases has hit Insurers today. Admiral dropped 57p to 1,307p while Aviva ended down 18.1p at 302.7p ( within spitting distance of the 300p level I said I would be interested in buying in at earlier this week).
Today I reinvested some more dividend income to purchase “free” shares.
I used some dividend income again today to purchase some “free” shares (
you know how much I LOVE free shares)…
After the chaos that has reigned on the World’s stock markets over the last few days, it’s nice to be able to report that the FTSE 100 is down ONLY 4.55 points (0.09%) a the time of writing.
The Dow Jones ended its session up 429.92 points (3.98%) last night and the Nasdaq up 124.83 (5.29%).
In Tokyo the Nikkei 225 finished up 94.26 at 9038.74 (a more modest 1.05%).
So what of the FTSE?