Dividend stocks & what to make of the Brexit omnishambles from Nigel Somerville

Deafening silence from Purplebricks, Malcolm WRONG (Bovis) and a UK house price crash? Listen to a Tom Winnifrith Bonus Bearcast HERE

I suppose we should all have seen it coming, and perhaps many of us did to some extent, but I have been left utterly bemused by the week’s events in Downing Street following the draft Brexit proposals which look to be anything but. I thought I should look at my mini-dividend munchers portfolio to consider whether there is anything one should do, but the political events seem to be worth addressing from my little corner too.

KCom – profit warning, but is it largely new management trying to create an easier platform? Steve Moore reviews HERE

I suppose the perhaps inevitable outcome from a Prime Minister who did not believe in Brexit was to come up with a solution which was not a Brexit at all, apparently in the national interest. Quite who decides what is in the national interest is an interesting point: if you believe deep down that Brexit is not in the national interest then you can justify a non-Brexit to yourself quite easily. It is notable that Mrs May has now lost two Brexit secretaries in a very short space of time – both of whom were actually for Brexit in the first place. That seems extraordinary: go away and negotiate with the Eurocrats and then I’ll do a deal you are so unhappy with that you resign. So what input did either Brexit secretary have to the final deal announced last week? It kind of reads as though the Whitehall mandarins or Mrs May’s own advisers (who were remainers) did the negotiating for Mrs May and the whole exercise of having a Brexit secretary was just a sham from the start. So now we have a situation where it looks as though the Brexiteers are disappointed enough to vote the deal down – and possibly eject Mrs May from No 10 – even though they won the referendum. And remainers are also unhappy enough to want to vote this deal down too! The Brexit deal appears to be neither fish nor foul.

Neil Woodford can breathe a sigh of relief, for now as Immunocore announces good news. Read more from Nigel Somerville HERE

What happens next is anybody’s guess, but I sense a cathartic moment coming for the Tories. I am just a bit too young to remember fully the rise to the leadership of the Tories by Margaret Thatcher when she challenged Ted Heath and won, but I sense that the whole set-up needs something terribly radical like that to get the country out of the political mess it is now in. And if that happens, perhaps we will get someone who might tackle the ridiculous pen-pushing which is eating at the heart of all our public services (and feeding the national debt) – seemingly, to me at least, to no great effect other than increasing workloads and making the jobs people are supposed to be doing all but impossible. It is with that in mind – ever the optimist! – that I look at my dividend munchers and see a positive outcome in the end. Indeed, with the right person and the right approach we could end up much better off as a country regardless of whether you are pro- or anti-Brexit. But it means that the Tories are going to have to re-learn their own principles very quickly and run the risk of a no-deal Brexit. I’m sure as hell that would not be a desired outcome, but from where I sit there was no need to risk all this in the first place: had Mrs May produced a plan with which Brexiteers were happy I suspect it would have got through parliament (because the referendum demanded it). But that would have required a bit more steel when dealing with the Eurocrats – which is difficult when you don’t really believe in what you are doing.

TrakM8 – is it in breach of banking covenants yet? Methinks yes! What is HSBC demanding? Read Tom Winnifrith, The Sheriff of AIM, HERE

As for the dividend munchers, well they survived a market sell-off but our political woes have taken a little bit of a toll. BT (BT.A) has survived more-or-less, holding on to most of the post-results gains at 258.3p. I’m not sure how bullet-proof it will be with regard to EE if Brexit worries hit it abroad but for what it is worth I think it is worth sticking with – although I have not yet sold off the excess shares mentioned last time so I’m still hoping to offload those at above 260p. But I will continue to hold my one unit-worth. Vodafone (VOD) has also held up fairly well in that its shares have held most of the post-results gains too, but again I am a little fearful for its European businesses if the Brexit shambles takes a turn for the worse (and it can….). However, I only lobbed in half a unit in the first place so I'll take my chances and hope that dividend continues.

Telecom Plus - interims, another for dividend munchers or bargepole? Reviewed HERE

Centrica (CNA) seems more of a domestic affair, but its shares did slide to 145.5p – not a disaster, but the slippage was notable as we had been up to 155p. I rather fancy it is a victim of Mr Market’s changeable behaviour rather than any direct threat – although a big slippage in the £ could mean some justification for price rises is needed. The biggest faller seems to have been ITV (ITV), and I really struggle to understand why! It has precious little debt and is largely UK-focussed, although it is generating foreign sales on some programme formats – but I struggle to understand how it will be affected, unless advertising revenue collapses. Of course, if you look at the official closing price ITV ended Friday up by 6% but the official closing price of 158.7p was very different to the closing spread of 147.45 – 147.55p. Anyway, I’m happy just to sit things out here – and, indeed, look for more shares if the current turmoil continues. I may be overly-optimistic but for now I suspect better days lie ahead with these, even if there are dark days ahead for the wider uk-market. Surely common sense will prevail…..won’t it?

Stockomendation EIS opportunity crowdfund via Seedr. See HERE

Filed under: BT, Vodafone, Centrica, ITV, Bearcast, KCom, Woodford, TrakM8, Telecom Plus, Stockomendation

Next plc - would I be selling too? Reviews Chris Bailey


Yourgene Health - much more to come? A review from HotStockRockets...


OptiBiotix Health - looks good reasons to continue to consider a strong buy


Bushveld Minerals currently offers a buying opportunity says Gary Newman


Altyn - pleasing Resources & Reserves upgrade, remains a gold recovery buy


GVC ups its numbers again - still happy to make a bet on this one


Staffing naturally struggles but easyJet continues to impress says Chris Bailey


Good luck BP shareholders with the man to win over the millennials says Chris Bailey


Could Ted Baker be a zero? Tom Winnifrith reviews...


BigDish - evil spin doctor, the Sith Lord Zak Mir, needs to get his act together...


Tesco and Metro Bank prove management matters


I descend to the AIM cesspit but emerge still loving up Breedon Group says Chris Bailey


Big Sofa - interims & placing, Strong buy says Tom Winnifrith for HotStockRockets


Purplebricks - time to get off the fence, sell at 110p says Lucian Miers


Columbus Energy Resources - SWP updated prospectivity, drilling excitement ahoy


Thoughts on PZ Cussons & on Aston Martin raising money at 12% from Chris Bailey


The Penny Finally Drops at PureCircle says Lucian Miers


Is it good or bad that M&S loses another CFO? Chris Bailey reviews...


Petra Diamonds - a speculative buy suggests Gary Newman


Next, Diageo & Johnson Matthey - large caps are all about levels says Chris Bailey


Petropavlovsk - remains a buy after interims say Tom Winnifrith & Steve Moore


Eco Atlantic - good value or guidance required from a film star? Peter Brailey writes...


Versarien - the point at which it must deliver is approaching says Lucian Miers


5 slam-dunk sells for 2019 - September update. Nigel Somerville writes...


Barclays & Lloyds fess up to new PPI horrors... but that is fine. Chris Bailey writes...


Finding it hard to find any reason not to invest in Jadestone Energy says Gary Newman


Ferrexpo - time for another go says Lucian Miers...


Intu Properties - when even a takeover cannot help...


Boohoo says boo hoo to the doubters. Chris Bailey writes...


President Energy can weather the economic problems in Argentina considers Gary Newman


IQE - why that shiny new debt facility?


Horizonte Minerals - after positive news on funding...


Whilst some go back to school, M&S goes back to the FTSE-250...


Optibiotix - interims do not impress but it really is a strong buy argues Tom Winnifrith


Another Crack at Wayfair says Lucian Miers


Motels, gold and the stock no active investor should buy. Chris Bailey writes...


ITM Power - a buy on a long term investment basis considers Peter Brailey


Rockhopper Exploration - update following further positive news on Sea Lion


Ferguson plc & woe betide the future of the UK stockmarket?


Wood Group - I remain a buyer says Chris Bailey


ConvaTec - still a buy after further management change?


A share tip of the year for 2019 update...


GVC raises numbers but please no more number of the beast share sales says Chris Bailey


The thoughts of Lucian Miers on the Burford fiasco


Gold - rushing ever-higher. What I will do reviews Nigel Somerville...


Eco Atlantic - what to do after a great first drill?


Spin City at G4S. Chris Bailey writes...


Aviva, Cineworld and Funding Circle reviewed by Chris Bailey


Thomas Cook - doing the Fandango. Lucian Miers writes...


Chris Bailey confesses he is now a Dominos Pizza customer, but to buy the shares?


Volex - ahead of expectations. Buy say Tom Winnifrith & Steve Moore


Petra Diamonds could still turnaround considers Gary Newman


Opportunities in Barclays, Lloyds and ConvaTec? Chris Bailey reviews...


Fresnillo - big drop in share price an opportunity? Gary Newman reviews...


Columbus Energy Resources - a buy ahead of South West Peninsula drilling?


Tesla Q2 another milestone on the road to bankruptcy and ruin says Lucian Miers


Amino Technologies - a recovery buy suggest Tom Winnifrith & Steve Moore


I remain calm and collected amidst the heat, M&A activity & as Sage stumbles says Chris Bailey


RockRose Energy tip up nearly 450%, so what now reviews Gary Newman


PZ Cussons - losses in Africa... but still a buy? Chris Bailey reviews...


Block Energy - let winner run or take a healthy profit?


Sell Netflix short as US subscribers back off says Lucian Miers


OptiBiotix Health - scientific and commercial update adding to confidence?


Thoughts On Thomas Cook & Kier from Lucian Miers


Burberry - excitements sufficient? Chris Bailey reviews


KEFI Minerals - Q2 2019 operational update, shares remain a Buy says HotStockRockets


Angling Direct could have long-term potential says Gary Newman


Hurricane Energy - Lancaster early production system delivering, Buy says Peter Brailey


I remain to be convinced that asset sale will justify the valuation of Sound Energy says Gary Newman


Imperial Brands goes progressive on its dividend...and the market likes it


Tesla and me - Chris Bailey writes...


Woodford Patient Capital Trust - still a sell says Lucian Miers


Versarien - the only question is WHEN do the shares collapse says Lucian Miers


Sainsbury - still searching for a strategy?


Creightons - we having said we expected the results to highlight the value…


PetroTal - rapid growth possible; Buy says Peter Brailey


Explorers don't get any more exciting than Eco Atlantic, which is why I have been buying says Gary N


Vela Technologies - Vibe Group gathering momentum & other potential. A buy from HotStockRockets


OptiBiotix Health - North America deal; this is big, very big says Tom Winnifrith


A Welcome Slice Of Luck and Thoughts On Purplebricks. Lucian Miers writes...


I am poorer for not spotting Porvair...but should I care? Chris Bailey reviews...


Whitbread - looks to continue to have a plan


Ashtead - what to do after results statement? Chris Bailey reviews...


Why the share prices of those involved in West Newton, Union Jack and Reabold, have not rocketed


Board love at DS Smith whilst PZ Cussons is seemingly bored of talking. Chris Bailey writes...


Boohoo & Reckitt Benckiser - management matters says Chris Bailey


KEFI Minerals - remains a Buy


Purplebricks - a Woodford fave that was a sell before and is now slam-dunk says Nigel Somerville


Woodford Patient Capital Trust - Sell says Lucian Miers


Joules - a rare retail jewel?


Provident Financial - failure squared from man of the moment Neil Woodford says Chris Bailey


Tesla - a fantastic sell says Lucian Miers


A FTSE reshuffle look by Chris Bailey


OptiBiotix Health - still a buy?


Bilby - recovery potential?


Shoe Zone - still a buy?


Thomas Cook - still a sell says Lucian Miers


Red Rock Resources - unbelievably cheap? Tom Winnifrith reviews for HotStockRockets


Three shares which rose on a shabby day from Chris Bailey


Marks & Spencer says it is getting match fit, should you back the rights issue?


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