Steven Dotsch

Steven Dotsch
Contributor since: 2012
Company: EMAR Publishers
The closer we get to October 17th, while still in " shut down" mode the faster the downfall will get. Peeking into the abyss will bring parties to do again the 'right' thing - compromise and postpone.
Saw the article. Good feature. How is your newsletter launch going? At least current situation in the markets has given a boost to new subscriber wins at Dividend-Income-Invest...
Best
Steven
Hi Kerry
I am sure, just like me, you are waiting for the action to start soon?
Exactly my thinking! Interesting times ahead.
Thanks
Steven
Having breached the 6,800 level earlier in May, the FTSE 100 remains within striking distance of one previous major turning point at 6951 (30 December 2000), while it has already briefly breached the second one at 6751 (18 June 2007). In both cases the market then plummeted ferociously, causing long and agonising bear markets, eliminating wealth and eroding investor confidence.
The London stock market ballooned from 1997 to 2000 and from 2002 to 2007. But both increases were answered with sharp down turns from both the tech bubble burst and the financial crisis. And the latest uptick since March 2009 is even sharper holding the potential for an even steeper drop.
Having cashed out of the market the Dividend Income Investor.com Portfolio awaits the moment that the share prices of those high quality dividend paying companies that we want to own are being sold by Mr Market at than historically undervalued share prices.
Kerry are you still expecting for this to happen during the Autumn?
As a long term dividend income investor in London-listed shares, and purchaser of your book, I am interested to hear your views about the possibility of the FTSE100 topping out and its subsequent lows 'somewhere' in the Autumn.
Based on our proprietary valuation methodology shares National Grid Plc are currently neither historically undervalued nor overvalued - they are trading somewhere 'in-between'.
Due to Verizon statement that it "did not currently have any intention to merge with or make an offer for Vodafone, whether alone or in conjunction with others", it is ruling out such a deal for at least the next six months. However, that doesn't preclude it from pursuing the purchase of the 45% stake on its own accord.
It would be somewhat embarrassing for Verizon's CEO Lowell McAdam if he didn't close a deal this year, having made strong avenues to that effect the last six months or so.
Time will tell.
Today, AstraZeneca announced the acquisition of early stage AlphaCore Pharma which is developing a new type of cholesterol medicine, boosting its early-stage pipeline of experimental heart drugs.
More at: http://reut.rs/XKYZwI
Hi reader500
For that information you will have to become a subscriber of Dividend Income Investor.com
BHP Billiton's share price falls on iron ore price concerns . . . at http://reut.rs/14551uA
Goldman Sachs cuts its iron ore price forecast and says that oversupply is likely to emerge sooner than expected.
"The recently installed managements of Rio, Anglo and BHP all face the same challenge: despite the size and complexity of these companies, none generate significant free cash flow (FCF). Iron ore is of great importance to BHP, Rio and Anglo, and as a result of the cuts to our iron ore price forecasts, we now expect much lower FCF generation,"
Goldman cuts its rating on BHP to 'neutral' from 'buy' on limited upside potential and as it expects significant earnings declines while it downgrades Rio to 'sell' from 'neutral' and adds the company to its 'Conviction Sell' List, with a downside potential of 15 percent.
Hi edexter
Check out Deutsche Telekom website, in particular: http://bit.ly/13Vo4b1 under shareholder remuneration:
"Subject to necessary board approval and AGM resolution and based upon 2013 guidance a dividend per share of 0.50 € is intended"
Here is an article, released today on why Lloyds Banking Group is a fallen dividend champion, at: http://bit.ly/XXmelu
You may want to have a look at (London) AIM-listed Goldplat Plc.
A cash rich, dividend paying, undervalued micro-cap 'gold' play operating two tailings operations in two different countries (a third is planned in a third country) - last year these two operations processed 31,354 ounces.
The company also owns a gold mine in Kenya - the mine has a JORC compliant resource of 649,804 ounces at a 2.44 g/tonne cut off - and also has two brownfield operations in two other countries that it can develop from free cashflows. These four projects are what will drive revenues, cash generation, dividend growth and share price for the next five years.
Perspective from a UK based dividend income investor
While I did not own any shares in Lloyds TSB Bank in 2008 (I still don’t), their so-called ‘once-in-a-lifetime-op... to acquire HBOS, announced in September 2008, changed their business model significantly.
I just could not figure out why they had made that acquisition, other than for political reasons, i.e. to save the United Kingdom from impending Armageddon. That introduction of that extra uncertainty was more than enough to alert me to remain firmly on the side-line, even when their share further price collapsed.
As it turned out, following the acquisition, Lloyds TSB’s dividend was not only at risk but outright doomed. For those looking for a comfortable level of safety and a predictable growing dividend, no case can be made to own Lloyds TSB shares for years to come.
At these share price levels, based on our unique dividend share valuation, Diageo is nearing historical overvaluation levels.
Perhaps currency conversion has something to do about this; with Pound Sterling weakening against the dollar?
A UK government plan to licence all nicotine-containing e-Cigarettes has been delayed amid fears that up to a hundred British businesses could be wiped out by the measure.
Not so British American Tobacco as they are the only ones seeking a licence for e-Cigarettes in the UK according to this article in The Times: http://thetim.es/11cs86q
Good list David
For further reading on dividend paying UK listed companies . . .
As a dedicated dividend income investor, based in London, I have published many articles at Seekingalpha re the majority of the companies mentioned in this article.
Vodafone has paid out a special dividend to shareholders, with the first Verizon Wireless dividend, in early 2012, although, as I reported here http://seekingalpha.co... in November the company reported that it would be putting part of the cash received from Verizon Wireless' latest dividend payment towards a £1.5bn share buyback programme. This will obviously reduce the number of shares in issue somewhat and mean Vodafone could pay higher dividends in the future.
With the interim dividend due to be paid into our Dividend Income Portfolio account on 3 February, I remain both a happy Vodafone customer and investor.
I concur that Vodafone's dividend prospects are rather safe as per my article at: http://seekingalpha.co... but, unfortunately, at these price levels, based on our valuation methodology, Vodafone is not historically undervalued
For more information on the e-Cigarettes market Research group Euromonitor International stated, earlier in November, that the global e-cigarettes market was worth $2 billion in 2011; see: http://bit.ly/XuMJeO
Why would I want to sell VOD, other than that it is 'than' historically overvalued.
This article is about the dividend prospects of FTE; in comparison to VOD, as a dividend income and growth investor I would rather hold VOD (which I do), and rake in the increasing dividends than FTE or Deutsche TeleKom
I agree with most of your comments and, following Deutsche Telekom's cut in dividend payments, see http://seekingalpha.co... I have officially crowned Vodafone Europe's only Telco dividend champion.
In line with its peers, its share price now just needs to come down further, preferably to historically undervalued levels, according to our investment methodology, in order for our Dividend Income Portfolio to turn into a buyer of VOD shares.
Thank you for the 'plug' cash cow investor
Following Deutsche Telekom's cut in dividends for the next two years Vodafone remains Europe's only telco dividend champion; more at:
http://seekingalpha.co...
For those interested in additional, recent, view points on:
GSK, see: http://seekingalpha.co...
AZN, see http://seekingalpha.co...
Hi Airportman
I agree, and, so does GSK, as per their announcement earlier this week that it intends to increase its shareholdings in its Indian and Nigerian consumer healthcare divisions, as part of its long-term strategy to expand into emerging markets, as these are growing at a faster rate than its branded pharmaceuticals in both countries.
GlaxoSmithKline has announced that it intends to increase its shareholdings in its Indian and Nigerian consumer healthcare divisions, as part of its long-term strategy to expand into emerging markets, as these are growing at a faster rate than its branded pharmaceuticals in both countries.
In comparison, last month, GSK announced a review of its European operations as sales fell 5 percent in the third quarter, to £6.53bn. Blaming lower demand for vaccines and, in particular, Europe’s spending cuts in health care budgets, GSK released third quarter sales down 8 percent to £6.5bn, while net profits fell 18.5 percent from a year earlier to £1.12bn. Click here http://seekingalpha.co... for an extensive review on GSK results and dividend prospects.
VOD versus VZ: the Vodafone view
Expect Vodafone’s dividend to increase for some time.
In earlier articles about Vodafone, published here last week and in October, I elaborated on the changing character of Vodafone’s dividends going forward. Last week's Vodafone results do not alter my views on this.
Recap . . .
Vodafone announced a 7.2 per cent increase in interim dividends and plans for a £1.5bn share buyback. The 3.27 pence dividend is costing the group some £3.2bn drawn from underlining earnings which were down 3 per cent at £6.6bn – representing a pay-out ratio of 48.5% (comfortable dividend cover of 2).
While the £1.5bn share buyback is been financed by the £2.4bn dividend payment from Wireless Verzon, once received before the year end, where the remaining £0.9bn goes remains a mystery to me – perhaps still a surprise ‘special dividend in 2013?
As a 45 percent minority shareholder Vodafone has no control about if and when Verizon Wireless pays dividends – some may say Vodafone is now becoming over-dependent on Verizon Wireless results – but lets keep some perspective here. The businesses that Vodafone do control still generate more than enough to meet increases in its core dividend for some time to come.
With net debts at 1.8 times underlying earnings Vodafone can comfortable continue with its 7 percent increases in its dividends for several years, with the group receiving an occasional special dividend from Verizon Wireless which it (partially or in whole) may ‘transfer’ to its shareholders in the form of more share cashbacks or indeed as hard cash returned to all shareholders in the form of an ‘extra’ dividend.
Question: can you elaborate why you think Vodafone would want to sell down its shareholding in VzW?
Cheers Jay
Hopefully NG don't get mired in a BP style drawn out litigation procedure.
Cheers, Clemens, likewise!
Don't forget Yahoo UK & Ireland website, link above