Rate my SIPP - ITV high conviction

kempiejon

Roger175 said:

Most share price websites allow you to look up the total return. Here is a screen shot from A J Bell showing this with the total return set to 1yr.

I'd be pleased to be corrected but I have found it hard to find total return and the methods by which it is calculated on most share price websites. I think that AJB screen shot shows share price return set to 1 yr. It's not clear to me if AJ Bell can toggle between Total Return with income reinvested and just Share Price return.
It's a more cumbersome website but Trustnet is my go to for total return, share price change, annualise and cumulative returns over a variety of time scales and sample rates. With/without income reinvestment is the TR/SP return setting.
https://www2.trustnet.com/Tools/Charting.aspx

Roger175

Kempiejon

Sorry I can't answer your question. I'm not familiar with Trustnet and a quick look suggests they don't deal with shares in individual companies. I am familiar with the AJB website, but I don't really use the Total Return info, I was just pointing you towards it, since you had asked the question.

Whilst I hold a lot of individual shares in my high yield portfolio, most of these were chosen a long time ago (15-20 years) and I simply top-up from time-to-time. I do add the occasional new holding but my research tends to focus around the dividend and dividend history which I obtain from various websites.

kempiejon

Roger175 said:

Kempiejon

Sorry I can't answer your question. I'm not familiar with Trustnet and a quick look suggests they don't deal with shares in individual companies. I am familiar with the AJB website, but I don't really use the Total Return info, I was just pointing you towards it, since you had asked the question.

Whilst I hold a lot of individual shares in my high yield portfolio, most of these were chosen a long time ago (15-20 years) and I simply top-up from time-to-time. I do add the occasional new holding but my research tends to focus around the dividend and dividend history which I obtain from various websites.

I was pointing out that AJ Bell doesn't show total return. You posted a screen shot and said it did. That screen shot shows share price movement without dividends.
Trustnet does individual shares, ITs, ETFs, funds unti trusts and so on and you can see return either with dividends reinvested or without and plot multiple shares at once.

Juno_Moneta

Brief SIPP update as I recently reinvested my May ITV 3.3p final dividend into my pension as usual to keep the compounding engine running.

SIPP holding now stands at 1,215,785 shares

Implied full year dividend income at 5p (1.7p interim + 3.3p final - not guaranteed) is now £60,789

Obviously keeping an eye on news about a potential ITV deal with Sky.
This could result in a special one off dividend (usefully tax free inside a SIPP wrapper), but perhaps lower future dividends from a standalone ITV Studios going forward if it happens.

Pension wise, still aiming to reach a SIPP valuation of over £1,073,100 to eventually enable the maximum possible TFLS at 25% of £268,275. Not there yet.

Diversification wise, already considering ETFs including VWRP and VHYG for a ‘post corporate action Plan B’ (and I am specifically choosing accumulating versions of VWRL & VHYL for a hassle free future pension that grows without the need to keep reinvesting income - ironically the polar opposite of what i am doing now).
Though I am a little concerned about the potential for the upcoming SpaceX IPO and also AI IPOs to mean global trackers eventually become forced to own these huge $trillion assets at very high valuations. Has anyone else thought about the prospect of owning a % of these in their pensions - when some of the press are calling it potentially one of the biggest transfers of risk from company founders (cashing out) to the general public (owning by default in global trackers) in history?

Anyway, back to the now - in summary still ignoring ITV volatility and trying to keep growing my SIPP.

m_c_s

https://forums.moneysavingexpert.com/discussion/comment/82023526#Comment_82023526

Regarding SpaceX IPO and also AI IPOs, the important thing to remember is that virtually all global equity trackers like VWRL follow a float index tracking principle which means the fund or ETF will only represent the shares of any individual company based on the value of the shares available to the general public for trading. This includes all FTSE and MSCI global index trackers.

So with only $80Bn of SpaceX shares being made available to the public it will only make up approximately 0.08% to 0.12% of global index trackers like iShares MSCI AWCI or the Vanguard FTSE All-World. So virtually no real impact.

There really is a lot nonsense going around about this.

Juno_Moneta

interesting thanks - not read about the float principle before.

poseidon1

https://forums.moneysavingexpert.com/discussion/comment/82023633#Comment_82023633

I would not be so quick to shoot down @Juno_Moneta's concerns about the SpaceX float.

Established IPO rules have been torn up by the US regulators to facilitate SpaceX's entry to the market.

As shown by the article below I shared on the Savings forum , Musk has created a fast track pathway for insiders to offload shareholdings far sooner than the usual 180 day post IPO lock up period.

Presumably the cynical intent is to elevate SpaceX into the Nasdaq with a considerably higher weighting than the intial $75-80 billion IPO would permit. Bear in mind this launch is around just 4% of SpaceX share capital.

What you seem to be ignoring ( or unaware) and as Indicated by the article, insiders can offload up to 20% of their holdings within weeks of the IPO topped up by a further 10%, if the shares hit a 30% premium. So who will be waiting in the wings to become forced acquirers of this potential torrent of post IPO shares? index trackers of course.

https://www.cnbc.com/2026/05/21/spacex-insiders-will-get-to-sell-shares-earlier-than-usual-after-the-ipo.html

This could be the greatest transfer of wealth from retail investors ( via index funds) into the pockets of wealthy private company investors, the markets have ever seen, with the Saudi Aramco IPO looking like chicken feed by comparison.

m_c_s

I am fully aware of the Nasdaq index is doing by fast tracking IPOs and yes it is potentially a slippery slope. However, the much larger S&P 500 is not fast tracking. So SpaceX will not even be the in S&P 500 and so insiders cannot jump dump shares within "weeks" then influence many of the bigger indices like the S&P 500 index. They will still have to wait atleast 12 months and even then the S&P has a rule that a publicly traded company has to clearly demonstrate profitability over atleast a year for it to be in the S&P 500 index. Non of this has changed despite what the Nasdaq is doing. I suspect this will dampen down a lot of the IPO valuations.

Also global indices like MSCI have not changed their rules. MSCI states that their methodology rules are applied consistently and are not tailored to, or modified in anticipation of, any specific IPO. 

https://www.msci.com/indexes/markets-in-motion/megacap-ipos

The other big global player, the FTSE Russell index, has already warned the the valuations of these IPOs are too high and they expect revaluation once first and second quarter profit (or more likely non-profit) statements are issued in August/September.

vacheron

https://forums.moneysavingexpert.com/discussion/comment/82023694#Comment_82023694

Damian Talks Money did an interesting video on this a few days ago.

m_c_s

The problem is that there is no consistent approach here. Some indices are allowing the IPOs to be part of their index while others are not, atleast for the next year or two. Also they all have different rules for allowing a company to part of the index. That is what is concerning and no doubt there where will be further changes to their rules. I can also see some shenanigans going on which could erode confidence in index funds.