Rate my SIPP - ITV high conviction

Bostonerimus1

kempiejon said:

Bostonerimus1 said:
Ah yes but it's all about those big dividends. The trouble is that companies who have to make investors happy with dividends often do it because capital growth isn't going very well, and money given in dividends isn't available for internal investment to grow the company, it's a downwards spiral.

Making no specific judgement about ITV I thought the premise was that large established ex-growth companies, that tick along profitably in their market place, like utilities, telco, fag companies, the big banks etc are not growing their market share, are not developing new products and have an established businesses throwing of profits with no where to go so reward their owners with income. Dividend paying business are generally well established. It is of course that historically UK shares have a bent towards dividends it's different in the USA; I think share buy backs are employed more for tax management.
We could all find examples of dividend paying shares that have been good investments, non dividend companies that have been absolute dogs. It's not a rule. However a good company well managed whatever it's decisions about distributions to shareholders is a good company and vv.

Yes, utilities are the classic dividend company. I'm not sure companies in the rather uncertain and changing business space of media where share prices can be quite volatile are where I'd want to get dividends.

Juno_Moneta

Tucosalamanca said:

ITV down almost 10% since the thread was started less than three weeks ago.

10th February, 77.45p total value £814,248
This morning, 27th February 70.60p. total value £742,232

Difference £72,016

14 trading days, equivalent loss £5,144 per day.

Another reminder that single-stock investments aren't for everyone...

As someone after your post said - you’re just looking at a very small period. 

I’ve already indicated my average is around 60p so I am still well in profit by over £100k. Do you have any positions doing that well?

It’s easy to knock a position the instant it falls but for balance you should also post something similar when it rises. Will
you I wonder?

Anyway I also posted that a strong stomach is needed as rises and falls have significant value when your position is this large. As you have pointed out. That’s also why when I finally
declare I’ve sold it all it won’t be fair for people to simply say ‘you got lucky’. No. Putting up
with tough times like this means I earned every penny!

Tucosalamanca

Juno_Moneta said:

Tucosalamanca said:

ITV down almost 10% since the thread was started less than three weeks ago.

10th February, 77.45p total value £814,248
This morning, 27th February 70.60p. total value £742,232

Difference £72,016

14 trading days, equivalent loss £5,144 per day.

Another reminder that single-stock investments aren't for everyone...

As someone after your post said - you’re just looking at a very small period. 

I’ve already indicated my average is around 60p so I am still well in profit by over £100k. Do you have any positions doing that well?

It’s easy to knock a position the instant it falls but for balance you should also post something similar when it rises. Will
you I wonder?

Anyway I also posted that a strong stomach is needed as rises and falls have significant value when your position is this large. As you have pointed out. That’s also why when I finally
declare I’ve sold it all it won’t be fair for people to simply say ‘you got lucky’. No. Putting up
with tough times like this means I earned every penny!

I have broad based trackers with well over 100k profit. If you want to look at percentages, you're currently up around 24%. I don't know when you purchased, so have no idea of your annual return. When the S&P500 is up 26% in the past year, I wouldn't say that your performance in exceptional.
Note that I haven't criticised your strategy, just pointed out that it's not for everyone.
Not withstanding global events, my days of losing 10% in a few weeks or four/five figure sums in a day are well and truly behind me.
I won't be posting trades or positions, as I said earlier in the thread, I've watched gurus come and go for many years, I'm not one of them...
Good luck on Thursday 06th, it will be interesting to see what develops.

Juno_Moneta

Thanks yes more volatility ahead for sure. 

ITV has a poor track record around results day, although there is always also the possibility of an upside surprise eg around recent ITV Studios speculation or something simpler like a dividend change - anything could happen!

jimi_man

I also don’t have the stomach for this level of volatility so you’re definitely braver than me! Most of mine are global trackers, however I did buy £3k worth of Rolls Royce shares a couple of years ago and then bought some more a while after. They’ve done spectacularly well (especially yesterday), however far from incentivising me to invest in more individual shares, it’s made me more cautious since I doubt I’ll be able to repeat that level of success. 

But it’s interesting to watch your portfolio so do keep us updated. 

westv

Di you still get freebies when owning shares in certain companies?

Juno_Moneta

westv said:

Di you still get freebies when owning shares in certain companies?

Definitely - but varies by company. 

ITV nothing unfortunately, but here’s a list from a couple of years ago:

https://moneyweek.com/439384/the-best-shares-to-hold-for-perks-and-freebies

Note though - if you hold via a nominee account it might prevent you from claiming. 

“A word of warning, however: not all perks are available to people who hold shares in nominee accounts (which is anyone who uses any of the big online investment platforms, for instance). That said, some platforms including Hargreaves Lansdown, Fidelity and Freetrade will contact the company on your behalf to arrange the benefit.”

kempiejon

I used to get the perks from my nominee holding but I had to intervene by either contacting the company secretary or asking the nominee to pass my details for specific holdings. M&S, Marsden's and Green King all sent me voucher booklets/discount cards each year.

Roger175

jimi_man said:

I also don’t have the stomach for this level of volatility so you’re definitely braver than me! Most of mine are global trackers, however I did buy £3k worth of Rolls Royce shares a couple of years ago and then bought some more a while after. They’ve done spectacularly well (especially yesterday), however far from incentivising me to invest in more individual shares, it’s made me more cautious since I doubt I’ll be able to repeat that level of success. 

But it’s interesting to watch your portfolio so do keep us updated. 

I, however, bought Rolls Royce about 15 years ago and sold them about 3 years ago at a small loss. They clearly weren't going anywhere . Oh well, I bought BAE and Astra around the same time and they're both up over 300% so I can't complain 

ooSTEVEoo

Hi Juno. You’re a very brave man! I also hold ITV. I have 538,849 shares spread across my SIPP, ISA and a dealing account. I first traded ITV post Covid and made a good profit holding from 70p to 120. I then started buying back in after the big fall Feb 2022. I thought I’d make a quick profit as it bounced back to 100+. That’s obviously not been the case and 3 years later after many top ups I also hold this uncomfortably large position. I am in profit. Just. Plus the dividends. But I’m really bored of holding them now. I do for the same reasons as you. I believe there’s huge potential with studios and believe fair value is around 120. I’d take 90p right now though as it’s time to move on. For me my ITV holding is around 20% of my portfolio. I still find this a little uncomfortable. I think there’s a great chance you’ll do well with ITV but it’s bloody brave.
im fully ready for disappointment and a drop next week on results as the Dame will no doubt put a negative slant on results but more takeover or merger speculation will hopefully fix that. Good luck!