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

Petropavlovsk - POX Hub processing milestone, Buy


Yourgene - Premaitha as was - interim numbers not impressive, but still a strong buy?


Numis statement shows why the finnCap IPO is such a stinker says Tom Winnifrith


Synectics - remains a recovery buy say Tom Winnifrith & Steve Moore


Blue Prism Group - argues it is pleased in trading update, but shares still a sell?


Greencore & Ibstock - a tale of two disposals from Chris Bailey


Premier Oil could see a swift rise when oil bounces considers Gary Newman


Optibiotix - Greek deal news via Adam Reynolds keyboard, but better to come. Buy.


Updated thoughts on Tesla - stay short says Lucian Miers


Three larger cap buy ideas from Chris Bailey


AO World - interims argue remains confident, but can high growth rating really be justified?


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


Sirius Minerals - patience will pay longer term argues Gary Newman


Falanx - shares to still more than double?


Victoria - update on bond fiasco, remains a sell says Lucian Miers


Glencore looks too cheap considers Gary Newman


Bowleven - raising my stance back to buy says Nigel Somerville


First Derivatives - it is smoke & mirrors, keep selling says Lucian Miers


Buy ITV and Marks & Spencer?


Imperial Brands - fade the moral outrage & buy says Chris Bailey


Bushveld Minerals - banking some profit prudent, but still more to come?


Keep buying any weakness in Centamin as the company is now back on track says Gary Newman


Horizonte Minerals - I remain confident following feasibility study says Gary Newman


Obtala - sharpens focus & a fundraising, still a buy says HotStockRockets


Restaurant Group - what to make of Wagamama acquisition? Chris Bailey reviews


Cairn Energy will see rapid production growth in the coming years - Buy says Gary Newman


Barryroe could still come good for Lansdowne Oil - speculative buy says Gary Newman


WPP advertises a shocker - where now?


Barclays or Metro Bank - who to fancy in a financials cage fight?


Whitbread - a core FTSE-100 holding? Chris Bailey reviews


Anglo Asian Mining - a golden buy?


Alba Mineral Resources - updates from Wales and Horse Hill, excitement soon to be sparked?


Shoe Zone - shares jump on ‘ahead of expectations’ update, but still an income buy


SOCO International - a lot to like at this share price level, buy says Gary Newman


Ariana Resources - gold production & exploration positives. Nigel Somerville writes


Shenanigans at First Derivatives Do Not Look Good. Sell says Lucian Miers


Five large caps for capital growth from Chris Bailey


Dunelm - am I at danger of buying some frilly curtains? (and more). Chris Bailey writes


Synectics - a buy for recovery say Tom Winnifrith & Steve Moore


Versarien remains a sell for the brave (& First Derivatives). Lucian Miers writes


Rose Petroleum - a buy says HotStockRockets


Union Jack Oil - adding to material potential catalysts. Buy says HotStockRockets


Tlou Energy - a speculative buy considers Gary Newman


Tesco - shares now too cheap? Chris Bailey reviews


easyJet & Royal Mail - where now after share price shockers? Chris Bailey reviews


Goldplat - post full-year results, a buy suggests HotStockRockets


Columbus Energy Resources - after interims remains a buy says HotStockRockets


Bluebird Merchant Ventures - updates on projects, remains a buy says HotStockRockets


Next & Imperial Brands - following news, updated views from Chris Bailey


Why I would short Time Out Group says Gary Newman


Randgold merger - what to do? Chris Bailey reviews


Rockrose Energy - a long term buy and hold suggests Gary Newman


Premaitha - a buy at up to 15p, target 25p says HotStockRockets


Kingfisher - have I bogged up or is it still a buy? Chris Bailey reviews


Is Tate & Lyle or Purecircle a sugar rush stock? Chris Bailey reviews


Tern - Interim car-crash: SELL says Nigel Somerville


Atalaya offers good exposure to copper plus has plenty of growth potential says Gary Newman


Will Morrisons or Biffa be the first to a three quid share price? Chris Bailey reviews


Aston Martin - a fan of the brand but what of the IPO? Gary Newman reviews


Koovs - viable or just a money pit? Gary Newman reviews


No panic with FTSE 100 at a five-month low - some stock ideas from Chris Bailey


Emerging markets bear market...so buy Ashmore?


Centrica & Dixons Carphone - investor fear meaning opportunity?


Breedon - a materials supplier Buy suggests Chris Bailey


Hurricane Energy - a great deal. Buy says Gary Newman


Biome Technologies: Strong interims - keep those winners running says Cynical Bear


Whitbread - a caffeine high. Chris Bailey reviews


Arcontech - I quite like the look of this one says Cynical Bear


Fresnillo offers a great way to have some silver exposure says Gary Newman


Property sector madness - a property company & housebuilders review by Chris Bailey


EVR Holdings - a long way from justifying its current valuation? Gary Newman reviews


Headlam - quiet day shocker as I talk about a small cap writes Chris Bailey


Two larger cap resource names to buy (still) from Chris Bailey


Ariana Resources - cash flowing from Kiziltepe, a Buy says HotStockRockets


Mimedx & Purplebricks - sell call updates from Lucian Miers


BBQs and bingo... Kingfisher or Rank Group a buy? Chris Bailey reviews


Royal Mail - Ofcom fine...so time to buy? Chris Bailey writes


Ariana Resources - does Turkish Lira crisis mean stance is downgraded? Er, NO! says Nigel Somerville


Why I am still short Tesla writes Lucian Miers


Whitbread & Patisserie Holdings - a Chris Bailey shopping centre visit special


Why I think Hurricane Energy really is worth nearly 1 billion pounds & maintain a conviction buy


Quilter - spin-off opportunity? Chris Bailey reviews


Harvey Nash - should it be recommending the offer? Steve Moore reviews


Concepta - suck up justifiable anger, still a buy from HotStockRockets


Tesla Q2 results & doing UK Oil & Gas due diligence. Lucian Miers writes


BigDish - IPO, is there a meal to be had? The Pizza Hardman Darren Atwater reviews


Next - when would I snaffle the shares back? reviews Chris Bailey


HotStockRockets: RedT Energy - some think it could treble!


Ibstock - a time to be bricking it or not? reviews Chris Bailey


Tesla - Musk Looks Like He is Losing the Plot says Lucian Miers


You say Facebook... and I say Fadebook says Chris Bailey


ITV - strategic direction sensible. Remains good value considers Chris Bailey


Woodford Patient Capital Trust - how does Neil Woodford get out of the mess?


Long, wrong and deliriously happy - Sosandar still cheap! Nigel Somerville writes


Versarien - a case of Deja Vu. Outstanding Short Value argues Lucian Miers


Versarien - Cynical Bear initiates coverage with a sell


Barclays - a buy, if common sense prevails? Chris Bailey writes


Block Energy - a speculative buy considers Gary Newman


Telit - agrees automotive business sale, shares also still a sell says Lucian Miers


Columbus Energy - following acquisition news an even stronger buy says HotStockRockets


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