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stuart gordon

stuart gordon
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  • Forget About SWANs, Fish And Chowder: Chase Yield In Retirement [View article]
    I am a retired dividend investor; I live comfortably off my dividends and in fact reinvest about 50% as I currently have adequate dividend income for my needs.

    My portfolio consists of 30 high yielding stocks, highly diversified internationally and by both industry and currency (at least as highly as possible as certain industries are low yield by nature and certain industries have good yields etc). They are all equities and most also have some growth potential.

    My minimum yield is 5% at purchase and I tend to average 7-8%; I like higher risk positions as I am diversified and I have a long time horizon and I therefore believe that I am well rewarded for the risks I am taken. I am not averse to cyclical stocks provided they are near the bottom of their cycles!

    I only buy stocks which I believe, after due diligence and empirical analysis are at least 20% less than my estimated value (using my own Buffet style approach of what would I pay for the whole company etc)

    I hold stocks for a long time and, provided the dividends continue to be paid (and the fundamentals are unchanged), will continue to hold them if they go down in price. I also continue to hold them when they appreciate in price UNLESS they become 20% overvalued relative to my (regularly updated) estimated value, when I will sell some or all of the holding (at a profit) and then reinvest the proceeds, generally increasing my yield/income.

    Current holdings include the following:
    Ascott Residential Trust (Singapore)
    City of London Investment Group (London)
    AIMS Amp Capital Ind'l REIT (Singapore)
    Prosafe (Oslo)
    Seadrill (NYSE)
    Navios Maritime Partners LP (Monaco/NYSE)
    MNDO (Israel/NYSE) and
    National Grid (London)

    As an example of my approach I recently sold Royal Dutch Shell at a sizeable profit, having held it for some years.

    This approach works for me but is also hard work - I do struggle to find enough suitable investments! I do not always get it right but I only expect to get 6/10 right and I am well ahead of the game.
    Jul 7 10:04 AM | 3 Likes Like |Link to Comment
  • Seadrill: Come To Daddy [View article]
    .....................why don't/can't readers/posters do some proper research before posting?
    Jun 27 11:17 PM | 2 Likes Like |Link to Comment
  • Seadrill: Come To Daddy [View article]
    Poorly researched article; even minimal research will show that the SDRL dividend has actually been steadily increasing from $0.65 in quarter 4 2010 to $1.00 in quarter 2 2104 (excluding special dividends)

    e.g. http://bit.ly/UL0Cez


    long SDRL
    Jun 25 10:42 PM | 4 Likes Like |Link to Comment
  • If You Think Seadrill Ltd. 11% Dividends Are Too High, Then Let's Talk About Awilco Drilling Plc. And Its Whooping 21% [View article]
    STREERE2
    The UK is one of the countries with Zero withholding taxes; see http://bit.ly/runcVH for more info. Very important info if, like me, you are looking for dividend stocks with Zero withholding taxes!
    Jun 20 09:56 PM | 1 Like Like |Link to Comment
  • Seadrill: Cash Flow Doesn't Support Dividend [View article]
    PI
    You ned to reread the article to which you have linked (http://read.bi/1pEBfYR)!

    I read it as positive for SDRL, as it says, inter alia

    "The team says companies with lots of offshore oil drilling exposure will be best positioned post "shock."

    I have been long SDRL (and NADL) for a long time and intend so to stay!
    Jun 17 10:40 AM | Likes Like |Link to Comment
  • Gramercy Property Trust Leaves Them All In The Dust [View article]
    tuliptown,
    I did say until at least $9; I shall review it then and I am likely to hold it, though I may reduce the size of my holding and take some profit off the table.
    Jun 5 12:40 AM | Likes Like |Link to Comment
  • Gramercy Property Trust Leaves Them All In The Dust [View article]
    To me its all about management and correct incentives; I bought in 18 months ago and have doubled my money so far. I intend to hold until at least $9, probably next year.
    Jun 3 02:41 AM | Likes Like |Link to Comment
  • Seadrill: Cash Flow Doesn't Support Dividend [View article]
    I think that you will find that Rosneft's stated aim is to grow their position to 50% of NADL not SDRL but it has a similar positive effect.
    Very long SDRL and NADL and a long term holder
    May 28 12:47 PM | 2 Likes Like |Link to Comment
  • Seadrill Resolves Tax Dispute With Norwegian Authorities, Here's What We Know [View article]
    I believe that both SDRL and NADL/NATDF are "based" in Bermuda; I presume, however, that they have (historic?) subsidiaries in Norway which have given rise to these liabilities, though I am guessing.
    May 21 12:46 PM | Likes Like |Link to Comment
  • If You Think Seadrill Ltd. 11% Dividends Are Too High, Then Let's Talk About Awilco Drilling Plc. And Its Whooping 21% [View article]
    No stock is perfect but in addition to the high earnings and dividend yields, I trust the management. Sure my dividend MAY be reduced in 2015 but I can live with a smaller (or zero) dividend for a couple of quarters! There is plenty of headroom for more debt so they may use that route instead (they recently raised $125 million for refinancing of existing debt and general corporate purposes). Also the company states:

    "Future quarterly dividend payments will be in line with the Company’s intent of distributing all free cash flow above a robust cash buffer to support operational working capital requirements and planned capital expenditure"

    They are well managed and do plan ahead for the capex, so any dividend hit may be less than many investors expect.

    The dividend is also paid gross, which I love!

    AWLCF is my largest holding; I am also long SDRL and NADL (directly)
    May 20 12:24 PM | 1 Like Like |Link to Comment
  • Investigating The Impact Of Consolidation On Seadrill's Fourth Quarter Results [View article]
    I think you will find that there are sound reasons for the financial structures used by SDRL, such as :
    1. Multiple financing options (very important as SDRL pays large dividends and relies on significant financing to finance growth)
    2. The ability to access different pools of capital
    3. In some areas local participation/ownership is a requirement to qualify for contracts.

    Just my take - I am long SDRL and NADL
    May 8 03:08 AM | 4 Likes Like |Link to Comment
  • Seadrill Ltd.: Dayrate Is The Key To Recovery; Time To Buy Is Now With A Target At $50 By 2016 [View article]
    ....and don't overlook AWILCO!
    Apr 23 09:05 AM | Likes Like |Link to Comment
  • Ascendas REIT: A Bastion Of Stability Amidst The Market Storm [View article]
    I hold several SREITS and I confirm that no tax is withheld PROVIDED the shares are held by INDIVIDUALS.
    Apr 22 08:28 AM | Likes Like |Link to Comment
  • The Drillers Take It All - Part 2: Focus Seadrill [View article]
    I have read many articles on SDRL but none compare to long_on_oil's anlaysis, which I think is spot on!

    Long SDRL for several years and it is one of my largest holdings.
    Also long NADL and AWDR
    Mar 20 09:44 PM | 1 Like Like |Link to Comment
  • 6 Dividend Stocks That Belong To Your Ideal Portfolio For The Next 5 Years [View article]
    Please correct the graph re SDRL dividends; the "spike" that you show did not happen - they merely paid one quarterly dividend early to avoid an expected tax increase (i.e 2 quarterly dividends were paid in Dec 2012). Also you should exclude the "special" dividends paid. The trend in dividends is actually steadily upwards, if you exclude the special dividends. Many websites get this wrong.

    Long SDRL
    Mar 6 10:35 PM | Likes Like |Link to Comment
COMMENTS STATS
66 Comments
93 Likes