Dividend Munchers Easter 2019 update (and still beating Neil Woodford) says Nigel Somerville

Johnny Mercer MP & the mini bond scandal, a useful dupe with a grossly inflated sense of self worth. Read HERE

I have been remiss in not updating on my little portfolio of FTSE-100 dividend munchers for a while: it is time to make amends. This was a small portfolio put together in the hope of beating bank interest, but from a point of view of being bearish on the market. It has been a bumpy ride, but at least I am still ahead of Neil Woodford! The four stocks so far are BT (BT.A), Centrica (CNA), ITV (ITV) and a half-portion of Vodafone (VOD)...

Optibiotix – er should you not have declared this related party deal with your chairman? Read HERE

The best performer is BT: having entered at 225.4p the shares are currently marginally higher at about 230p and I’ve had 15.17p in dividends to clock up an overall gain of 8.7% in around a year. When I bought this one it seemed to be a stock you could just forget about – so long as it could afford to carry on with the dividend, and the yield on offer is currently 6.6%. But with a still relatively new chairman and now a new CEO, the next set of results will attract a bit more attention than usual. Can BT afford to carry on paying its generous dividend or might it get chopped? It still has pension liabilities to deal with and growth had more or less stalled. On the plus side, it could sell off some assets which could transform things – the most obvious being OpenReach which the regulators have ring-fenced from BT at a management level anyway. On a smaller scale, there were suggestions last year that BT could sell off its masts and then there is the Italian arm which caused a spot of bother. Or we could see a restructuring and load of P45s as BT pushes to make itself more efficient, and further efforts to push its TV package as part of its quad-play? With a new team at the helm, now would seem to be the most obvious time to hack the dividend if it is going to. On the other hand, if it is going to sell off a few bits, why not start that now? And all the while, activist investors are on the share register who will be pushing for something more radical than more of the same. Well, BT has its first round of numbers under the new CEO Philip Jansen due out on 9 May – the 2018 FY results so we shall know the truth soon enough, and especially about that juicy dividend. Fingers crossed, we should get some sign that the deep value within BT can be released but at the very least I’m hoping my dividend is safe, so I can forget about this share once more.

Ascent Resources – and there’s the placing as it exploits permit ‘delight’. Read HERE

Centrica has been in the headlines for all the wrong reasons lately. With gas and electricity providers struggling as an industry, questions are being raised over whether Centrica’s generous dividend can really survive. With the shares having headed sharply south, its yield is now up to a stonking 11.35% - which means that the market has it down as a racing certainty to be chopped. At the last report it was still losing customers, still suffering nuclear difficulties, earnings per share came in below the dividend and seem set to fall further. And with eleven of its industry rivals having gone to the wall recently, it is clearly a tough environment to be in. But rather than hunker down and focus on the job, there have been big pay rises and bonuses. So whilst staff are being fired and shareholders suffer, the man at the top got a whopper of a pay packet. I’ve said my piece on this already, but the bottom line is that this is quite simply unacceptable. Sure, have a bonus and a big pay rise if you deliver improved performance but you can’t take it in the middle of all this. It just sends all the wrong messages, and tells me – the little guy – that the boardroom is only interested in itself. With the AGM on 13 May, I shall be taking a long careful look at my broker account to see about registering my protest – for what it is worth. Aside from that, Centrica does look strong enough to see out the current industry malaise, and Chris Bailey regarded Centrica’s dealings over the price cap as pretty successful. Jobs are being cut and cost taken out of the business but I would like to see those customer losses reversed. There remains much to do, but I don’t think selling up now is the right thing to do. But I would like to sell its management, which risks cutting jobs, hacking the dividend and paying itself a monster pay-rise for missing all its own targets. My entry point here was just shy of 143p so with the shares down at a lowly 105.75p I’m licking my wounds (even if I chopped a bit at 162.8p). But having bagged 12p in dividends so far the drop isn’t quite as dramatic, although a still painful (official) 17.7%. I’m sure the rising possibility (give me strength) of a Corbyn-led government is also dragging the shares lower – something I hope will change over the coming months. But I am hopeful that Centrica will ride out the storm and that profits will recover to pay a decent income – and that therefore the share price will head northwards once more. Meanwhile, we have a trading update to look forward to on 13 May, the day of the AGM. Let’s hope the update really is worth looking forward to…..

I believe that I3 Energy has potential, so I've bought some myself says Gary Newman HERE

Vodafone was the most obvious early blunder when I piled in for a half-sized holding at over 190p. The stock is now just 142.56p – and that is off the low point set just last month almost at 130p. Thankful for small mercies…..With 4.3p in dividends clocked up I am now (only!) 23% off on this one but I have not lost hope of some recovery. For a start the broker community appears heavily divided on where they think the shares are going. The most recent note – from Deutsche Bank saw the chopping of the price target from 268p to 250p and Numis came in with 220p in February, along with Bank of America at 200p and Citigroup was also positive. Against them we have RBC Capital Markets and Macquarie at just 125p. Clearly someone is going to end up with egg on their face but it does suggest that there could be some upside as we are at the lower end of that spectrum. My overall impression is that Vodafone has been paying heavily for 5G licenses, but more recent sharing deals could take the sting out of that. And, like BT, Vodafone could sell off its mobile masts to bring in a few shekels. But the highlight for me comes on 14 May when Vodafone releases its FY18 numbers under the now promoted CEO, its former FD. I’ll keep my fingers crossed for good numbers – and not too much emphasis on adjusted EBITDA (bullshit squared numbers). We’ve seen Vodafone share price nose-dive before, only for it to recover and I fancy the same will happen again.

Biome Technologies – AGM, Q1 update; Bioplastics potential but Stanelco RF Technologies concerns? Read HERE

Finally, ITV seems to be having a better run of things. This is another one where I sliced a bit off after an early rise (but ignore that for the purposes of the portfolio overall score). Having bought in at 143.7p, the shares bottomed out at almost 120p but are now back up to 140.3p and I have 8p of dividends in the bag so I’m up by a fairly marginal 3.2%. With a spot of luck, Chris Bailey’s heroine will produce a steady improvement in numbers as we go forward, but that stake held by Liberty Media seems to underpin ITV: if McCall delivers than all is good. If she doesn’t than Liberty will strike. With the dividend raised a notch last time, I'm quite happy to hold on, and look forward to the trading update on 8 May. And so to the overall scores... Last time I was 6% down and now I am off by 4.9% - better, and still beating Neil Woodford whose equity income fund is down by 7.8% over the past year (including dividends), but not quite what I was looking for. But with BT reporting under its all-new management and numbers from Vodafone next month, as well as trading updates from Centrica and ITV, I fancy there could be some big moves coming up. Let’s hope those moves are northwards! And I am still prevaricating over the next investment. Will it be Centamin (CEY) or possibly a Neil Woodford reject? I hope to make a decision in the next month or so.

Purplebricks Remains a Sell. Lucian Miers writes HERE

Filed under: BT, Centrica, ITV, Vodafone, Johnny Mercer, Optibiotix, Ascent Resources, I3, Biome, Purplebricks

Gold Buying boots on but what did I buy? Nigel Somerville writes...

08/13/2020

AA plc - hedge fund-style shareholders v. private equity potential acquirers writes Chris Bailey...

08/11/2020

Falanx - trading statement suggests remains a buy says HotStockRockets...

08/10/2020

Goldplat - term sheet for Kilimapesa mining sale, still a buy says HotStockRockets...

08/07/2020

San Leon Energy - Nigerian oil export system investment delight understandable?...

08/06/2020

Centamin - cracking Interims. A review by Nigel Somerville...

08/05/2020

KEFI Minerals - remains a buy after Q2 update considers HotStockRockets...

08/03/2020

Power Metal Resources - recent tip gains but more to come? HotStockRockets updates...

07/31/2020

Surely the boat has sailed for Trainline plc says Tom Winnifrith...

07/30/2020

Is gold a bubble? A review by Tom Winnifrith...

07/29/2020

Novacyt - the desperate share-ramping continues says Tom Winnifrith

07/28/2020

Hydrogen will play a big part in power generation but AFC Energy? Gary Newman writes...

07/27/2020

Rishi is no magician and Purplebricks is still toast in the end argues Tom Winnifrith...

07/24/2020

Avacta - COVID-19 test update. So what? Tom Winnifrith writes...

07/23/2020

We all love gold... so invite the Canadians back? Chris Bailey writes...

07/22/2020

President Energy - a recovery buy? Gary Newman reviews...

07/21/2020

ECR Minerals - a speculative buy? A review by HotStockRockets

07/17/2020

Burberry & ASOS - fashionista trading update face-off

07/16/2020

Fevertree - a Trading Statement lacking financial specifics… & a recovered £2.7 billion valuation

07/15/2020

Centamin - Q2 report, well ahead on this tip but still a buy considers Nigel Somerville...

07/14/2020

Red Rock Resources - spin-off potential, and more than one...

07/13/2020

KEFI Minerals - about to rip? The HotStockRockets team writes...

07/10/2020

Gold cracks $1800 - what to do now and is it Ouzo time yet?...

07/09/2020

Whitbread - why you should not worry about a -80% Q1 revenue move writes Chris Bailey...

07/08/2020

It has been a torrid time for pubs but Marstons should recover strongly reckons Gary Newman

07/07/2020

Highland Gold Mining - update on COVID-19 response, continuing as planned...

07/06/2020

DS Smith - respectfully Mr Market you are wrong says Chris Bailey...

07/03/2020

Pity us poor British taxpayers bailing out Versarien plc says Tom Winnifrith...

07/02/2020

Petra Diamonds - heading for a wipeout for equity holders? Gary Newman writes...

07/01/2020

easyJet - data breach is not in my top three worries and I own the shares says Chris Bailey...

06/30/2020

San Leon Energy - 2019 results & now about to capitalise on a strong position?

06/29/2020

KEFI Minerals - reduced Tulu Kapi project funding requirement, buy says HotStockRockets

06/26/2020

UK Oil & Gas - do not get spiked & is that a dodgy deal I smell? writes Peter Brailey...

06/25/2020

Cranswick - future FTSE-100 constituent? Chris Bailey reviews...

06/24/2020

Why Amigo Holdings is a zero considers Tom Winnifrith...

06/23/2020

BP - new CEO sounding loony... or being very clever?

06/22/2020

Novacyt - corona update, this is all about executive greed and share ramping now says Tom Winnifrith

06/19/2020

Kingfisher sings a song of recovery... but can do so much more says Chris Bailey

06/18/2020

Two UK shares which cannot defy gravity forever says Tom Winnifrith

06/17/2020

Metro Bank - potential acquisition two drunks propping each other up?...

06/16/2020

Cora Gold - a buy suggests HotStockRockets

06/15/2020

Hummingbird Resources - a diversified gold production buy?...

06/12/2020

Nearly a 10 bagger tip... but evidence of alternative energy bubble?

06/11/2020

Avacta - its covid game soon to be up says Tom Winnifrith...

06/10/2020

Columbus Energy - another potential share price catalyst...

06/09/2020

Biffa - still brass in muck says Chris Bailey...

06/08/2020

Union Jack Oil - for a hat-trick of wins?...

06/05/2020

Volvere - 2019 results... & 2020 opportunities...

06/04/2020

Hochschild and Hertz... A review of two old timers by Lucian Miers

06/03/2020

Big themes still at Playtech says Chris Bailey...

06/02/2020

Centamin, Ariana Resouces & Gold - was that the correction, in double-quick time?

06/01/2020

Asiamet - negotiations for deal on KSK helps shares, target increased...

05/29/2020

Bluebird Merchant Ventures - further project funding progress, increased price target...

05/28/2020

Burberry shares remain fashionable to me says Chris Bailey

05/27/2020

Imperial Brands - still an Income buy?

05/26/2020

Columbus Energy - project & funding update suggest still a buy?

05/22/2020

Marks & Spencer - never the same again? Chris Bailey reviews...

05/21/2020

OptiBiotix - sales trajectory sparks shares, but still an even stronger buy?...

05/20/2020

A whole sector that is a short?...

05/19/2020

Tri-Star Resources - sale of first Antimony BUT...

05/18/2020

KEFI Minerals - still significant upside offered by its asset base...

05/15/2020

OptiBiotix - now Taiwan agreement adds to confidence...

05/14/2020

Some gold and gold stock takeaways from Nigel Somerville...

05/13/2020

Is Trainline ever going to make sensible profits?

05/12/2020

Another reality pill - this time for BT Group

05/11/2020

Jadestone Energy has the strength to ride out low oil prices says Gary Newman...

05/07/2020

Hummingbird Resources - a buy says HotStockRockets...

05/06/2020

Goldplat - quarterly update, production getting back on track...

05/05/2020

The markets & sell NASDAQ-listed Credit Acceptance Corporation. From Lucian Miers...

05/04/2020

Columbus Energy - shares bounce on Saffron well oil discoveries but remain a buy...

05/01/2020

Read and learn from the latest Next plc update says Chris Bailey...

04/30/2020

IG Group - why the shares are worth considering writes Malcolm Stacey...

04/29/2020

Ariana Resources - a cue to bank massive profits on this share tip? Nigel Somerville reviews...

04/28/2020

FirstGroup - activism and the coronavirus. Chris Bailey writes...

04/27/2020

Highland Gold Mining - shares bounce on quarterly operational update, but more to come...

04/25/2020

Bluebird Merchant Ventures - we tipped at 2.5p now 4.3p to sell, but worth 6p+. Buy...

04/24/2020

Will the Oil price rout be repeated (in reverse) in Gold? Nigel Somerville reviews...

04/23/2020

The man who predicted negative oil prices reviews where to next...

04/22/2020

PZ Cussons - keep washing your hands... and be on board this stock? Chris Bailey writes

04/21/2020

OptiBiotix - placing somewhat annoying... but it is for a VERY good reason says Tom Winnifrith

04/20/2020

Imperial Brands - an income buy

04/17/2020

Sterling Energy a buy? Gary Newman writes...

04/16/2020

Ariana Resources - what after a stonking gain in less than four weeks?...

04/15/2020

Volvere - shares up on Feb tip after trading update, more to come say Tom Winnifrith & Steve Moore

04/14/2020

Chris Bailey updates on Rolls-Royce & GVC Holdings...

04/09/2020

It is also Sage to look at shares that are not romping says Chris Bailey...

04/08/2020

Versarien forced to start to come clean - a stink regulators MUST investigate says Tom Winnifrith...

04/07/2020

At a time when dividends are being scrapped, Legal & General stands out says Gary Newman

04/06/2020

UK Oil & Gas - another 50 percent share price fall the best case scenario? Peter Brailey reviews...

04/03/2020

The big banks know what side their bread is buttered. Chris Bailey writes...

04/02/2020

Two stocks which look slam dunk zeros considers Tom Winnifrith...

04/01/2020

Premier Foods - a buy despite its high level of debt? Gary Newman reviews...

03/31/2020

Bluebird Merchant Ventures - an Agreement supporting a positive view? A review from HotStockRockets

03/30/2020

Rockrose Energy - a week is a long time says Peter Brailey...

03/27/2020

Cineworld - a good shorting opportunity? Gary Newman reviews...

03/26/2020

Silver is my metal of choice at the moment says Gary Newman

03/24/2020

Golden Prospect Precious Metals - a gold buy

03/23/2020

Hurricane Energy - valuation is far too high. I am short says Peter Brailey...

03/20/2020

Altyn - mining equipment purchases, gold production increasing...

03/19/2020

Versarien - when & at what price the attempted bailout fundraise?

03/18/2020

RISK WARNING & DISCLAIMER - FiveFreeShareTips.com tips are provided by independent authors via a common carrier platform and do not represent the opinions of FiveFreeShareTips.com. FiveFreeShareTips.com does not accept responsibility for or make any warranties in connection with or recommend that you or any third party rely on such information. The information available at FiveFreeShareTips.com and via emails you receive from [email protected] are for your general information and use and are not intended to address your particular requirements. In particular, the information does not constitute any form of advice or recommendation by the tipsters or FiveFreeShareTips.com and is not intended to be relied upon by users in making (or refraining from making) any investment decisions. Trading shares involves the risk of loss. The tipsters and FiveFreeShareTips.com shall not be liable for any losses or other damages incurred. The value of investments can go up or down and the past is not necessarily a guide of future performance.

Five Free Share Tips?

. . . . . . . . . .

Well actually it will be six. One every week day and one on Sunday, each landing with you at 11 AM sharp.

The Details

Unlike other services (which may always have a vested interest) we pride ourselves on our impartiality and cover all small caps including AIM. the Standard List, The Wider Main Market and NEX.

We cover small caps, penny shares, FTSE 350 stocks and blue chips. We look for red hot penny shares, Warren Buffett style value investments with yield and growth stocks. There is no technical analysis in our work just solid fundamental analysis from a team of experts with decades of stockmarket experience.

You will not agree with all we publish but if you are interested in small caps you cannot afford to ignore it either. Yo'll never be charged for the free share tips from Five Free Share Tips and given the star writers involved you know that they will move share prices.

There's no telephone number or postal address required and there is no charge, ever, for your Five Free Share Tips membership. Just free shares tips every day apart from Saturday And each day's share tip will not just be a few thoughts cobbled together but will be detailed analysis from experts.

Our experts do not just earn their living from writing. All own shares. If they own shares in a stock they cover they will declare it and will not sell until after advising a sell to our readers. And why not our tips are so good that why shouldn't our readers put their money where their mouth is?

Don't just take our word for it! Judge us on the calibre of our free share tips and join today to start receiving them from September 1 2017. If you don't like what you get delivered to your inbox unsubscribe and you will never hear from us again. So why not give it a go? Sign Up Now

The Team

We've put together a panel of top tipsters, including:

Tom Winnifrith, in his 27th year writing about shares, noted fraudbuster & dubbed "The maverick Tipster"

Chris Bailey, City whizz kid turned financial guru, rated as one of the top 50 commentators on shares on twitter, founder of Financial Orbit

Steve Moore, has worked with Tom Winnifrith for all bar 3 weeks of his working life - a noted commentator on value stocks

Malcolm Stacey, The Grandfather of Share Blogging, the founder of ShareCrazy & a best selling autthor of stockmarket books

Lucian Miers, the Bard of the Boleyn, one of the UK's best known short sellers

Gary Newman, writes about value investing on AIM, speciality is in share tips on oil and mining companies

Nigel Somerville, The Deputy Sheriff of AIM, an expert in forensic analysis a skill used to bust frauds but also to tip true value investments

The team from HotStockRockets, specialising in AIM and small cap shares which will fly on a three month view

Sign Up Now

UK Investor Show 2018

Remember to book your place at the UK Investor Show 2018. The UK’s top investment show taking place on Saturday 21 April 2018 at the Queen Elizabeth II Conference Centre in Westminster, London. The show will feature a unique line-up of top speakers including Nigel Wray, tech queen Vin Murria, Dave Lenigas, Mark Slater, Tom Winnifrith, Adam Reynolds, Ed, Croft, Nick Leslau Luke Johnson and Dr Johnny Hon as well as 135 exhibiting small cap companies.

To reserve your ticket, visit UK Investor Show.

Risk Warning & Disclaimer

The hot share tips given here are of necessity, general. They cannot relate to the individual circumstances of investors. Anyone considering following the share tips contained here should seek independent advice from a Financial Conduct Authority authorised Stockbroker or Financial Adviser. We cannot be held liable if individuals suffer losses through following share tips contained on this site or emailed out as free share tips. The value of investments can go down as well as up. The past is not necessarily a guide to future performance. Investing in shares can lose you part or all of your capital although the potential returns are theoretically unlimited. The difference between the buy share price and the sell share price for smaller company shares (penny shares) can be significant. Profits from dealing in shares may be liable to tax - the level of tax and bases of relief from tax are subject to change. Changes in the rates of exchange may have an adverse effect on the value or price of an investment in sterling terms if it is denominated in a foreign currency. Some of the shares recommended on this site will be smaller company shares. By their nature such investments can be relatively illiquid and thus hard to trade. And that makes such investments more of a high risk than larger company shares (or 'small caps'/'penny shares'). FiveFreeShareTips.com & its sister site ShareProphets.com defines a smaller company share as any stock traded on AIM or NEX or which has a market capitalisation of less than £300 million.