Is the stock market over heating?

A_Flock_Of_Sheep

What % Of Unilever's sales are Household Home Care products?

Ifts

A_Flock_Of_Sheep wrote: »

My first ever share purchase was EasyJet which I got late November. Not much of a dividend on those.

I hold EasyJet too, you are right not much of a dividend stock (although last year they paid a special divi on top of the final dividend for the year) but the SP has more than doubled in price over the last year.

I don't mind having some stocks that don't pay very much on the divi side but do well with the share price shooting up.
When a company does not have a high divi policy it can hold back the money and make use of it itself by reinvesting and expanding the company so you benefit from growth which in turn shows in the rising SP.

Glen_Clark

Ifts wrote: »

When a company does not have a high divi policy it can hold back the money and make use of it itself by reinvesting and expanding the company so you benefit from growth which in turn shows in the rising SP.

Great if thats what they are doing.
But they cannot massage the yield (dividend) figures.
Wheras they can massage the earnings figures and have a big incentive to do so when it follows through to director's bonuses.

Glen_Clark

Thrugelmir wrote: »

My concern over BP is the as yet totally unresolved impact of Deepwater Horizon.

Add to that the possibility of BP falling out with their Russian partners again, and the looming investigation on oil price rigging and you see why BP is so cheap

Glen_Clark

mystic_trev wrote: »

I recently bought into New River Retail (NRR) which have done quite nicely. Good divi, and still trading 10% below NAV

Where do you find the discount to NAV?
Just looking at the FT which gives a book value per share of £2.34 suggesting about 5% below NAV.
Over the year the share price has risen 19% whilst the earnings per share has dropped 73% :eek:
So still looks expensive to me
http://markets.ft.com/research/Markets/Tearsheets/Financials?s=NRR:LSE

A_Flock_Of_Sheep

Glen_Clark wrote: »

Where do you find the discount to NAV?
Just looking at the FT which gives a book value per share of £2.34 suggesting about 5% below NAV.
Over the year the share price has risen 19% whilst the earnings per share has dropped 73% :eek:
So still looks expensive to me
http://markets.ft.com/research/Markets/Tearsheets/Financials?s=NRR:LSE

Morning Star details the NAV discount/premium. I have EDIN and it was at a premium of 0.43%

NRR doesn's appear to be listed on Morning Star as a CEF

Glen_Clark

A_Flock_Of_Sheep wrote: »

Morning Star details the NAV discount/premium.

Thanks - can you copy the weblink to where it gives the NAV discount/premium, I can't seem to find it

A_Flock_Of_Sheep

Here is the link to JLIF - this is a CEF. You can see the premium/discount under estNAV on the top right. If it has "-" next to it - a discount is happening.

http://tools.morningstar.co.uk/uk/cefreport/default.aspx?SecurityToken=F00000LL2B]2]0]FCGBR$$ALL

Now - NRR is not listed as an Investment Trust and as far as I can see shows no Premium/Discount section. It is listed on MStar under Equities:

http://tools.morningstar.co.uk/uk/stockreport/default.aspx?Site=uk&id=0P0000M741&LanguageId=en-GB&SecurityToken=0P0000M741]3]0]E0WWE$$ALL

A_Flock_Of_Sheep

Here is another page on this on Morning Star but MS has very little data on this fund it seems:

http://tools.morningstar.co.uk/uk/cefreport/default.aspx?tab=1&SecurityToken=F0000040MD]2]0]FCGBR$$ALL&Id=F0000040MD&ClientFund=0&CurrencyId=GBP

A_Flock_Of_Sheep

New River Retail:

http://www.investorschronicle.co.uk/2012/05/29/shares/news-and-analysis/newriver-is-gushing-income-ce65aR5VTMPb0jHIuJohqO/article.html