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Messages - JohnnyH

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31
Shares / Re: Property stocks trading at a discount?
« on: August 18, 2016, 09:07:53 am »
Thanks for the detailed reply Mr_D.

I have most of our money in growth type stocks & ETFs, so I just want to add something that generates cash that can go back into more growth stocks or ETFs. That near 15% div yield is hard to ignore haha!

I like Resilient also, but it looks much more expensive than TEX, same with Hyprop.

32
Shares / Re: Property stocks trading at a discount?
« on: August 18, 2016, 07:38:03 am »
Hope you don't mind that I use your thread Samurai.

I am currently looking at Texton. Trading at ~R6.90 with a NAV of just under R10 I think.

Current dividend yield is 14.96% at this price. Now I know there is a risk of the div coming down, but I do wonder, wouldn't this make a lekker cash cow? Not expecting much growth in value over time, BUT, I do like the idea of having a stock that gives me money to reinvest over time. Also, it feels like a good time to buy something that has UK & pound exposure.

Mr_D, I would like your view on this as well if you read this by chance. :)

33
The Investor Challenge / Re: Blog post: You actually can buy happiness, but it's not how you think
« on: August 11, 2016, 03:26:13 pm »
Quote from: Patrick on August 11, 2016, 09:49:48 am
Quote from: JohnnyH on August 10, 2016, 03:18:08 pm
Another very cool blog post Patrick!

I completely agree on rather experiencing/seeing places rather than having lots of stuff.

My dream is similar but slightly different...I want to 4x4 or "overland" through different parts of the world, to see nature where people rarely come.  :)
Thanks :)

I've had the overland dream before too. For a while I wanted a unimog camper, but the prices are insane and they drink diesel! I've since travelled in pretty much every country in central and eastern africa, and a couple in western africa, so that desire is gone. My camper dream has morphed into a boat so I can see new places now.

Quote from: Mr_Dividend on August 10, 2016, 03:45:38 pm
Very true Patrick. And you've just been spending money you've sweated and worked for - wait until you are spending proceeds from your investment - money that other people sweated for. Even better!  ;)
Yes, I have a feeling it will be way more satisfying knowing that I could just carry on endlessly while the minnions bring in the cash! Just a few more years I think...

I have seen those Unimogs, they are amazing! But yes, waaaay expensive. I would like to see Africa yes, but even more than that, I would love to see Alaska. I found a very cool youtube channel called ExpeditionOverland. Some of the views they found on their trip in Alaska looks epic!

34
The Investor Challenge / Re: Blog post: You actually can buy happiness, but it's not how you think
« on: August 10, 2016, 03:18:08 pm »
Another very cool blog post Patrick!

I completely agree on rather experiencing/seeing places rather than having lots of stuff.

My dream is similar but slightly different...I want to 4x4 or "overland" through different parts of the world, to see nature where people rarely come.  :)


35
Shares / Re: Easy Equities, any opinions?
« on: July 28, 2016, 03:34:40 pm »
 :(
Quote from: Mr_Dividend on July 28, 2016, 09:25:22 am
j, true but only will be selling once a year - and I heard they moving to a t+5.

Good to know. Steady progress from EE  :)

I heard a rumour of EE adding international accounts in Sept '16! Really hope they do and I am looking forward to see what their pricing would be like. Would love to invest directly in $$$ from EE. Sounds like much less hassle than a std bank account.

36
Shares / Re: Easy Equities, any opinions?
« on: July 28, 2016, 09:21:21 am »
Quote from: Mr_Dividend on July 28, 2016, 08:43:59 am
Anyway, that's why I will be using EE for that portfolio - for the selling, not the buying  :D

Mr_D, just keep the T+10 days settling in mind when selling. Sell is "instant", but it takes a few days to get the money back to your account.

37
Shares / Re: My Beginner's Portfolio Blog(Experiment)
« on: February 29, 2016, 05:33:47 pm »
Quote from: Fawkes85 on February 29, 2016, 05:06:19 pm
Quote from: JohnnyH on February 29, 2016, 03:41:55 pm
@ Fawkes85

If you don't mind me asking in your thread, did you every have a look at Delta Property Fund?

I am looking at TEX & Tower. Looking for a cash generator of sorts, something that gives me money every year to invest in other growth stocks. Hoping to get ~10% div yield which seems possible.

This will make up 5% of my total portfolio, so I am happy with the risk.

Delta, on its current price has a ~13% yield. Maybe I should split it 70/30 TEX/Delta.
Comments please?

After I selected TEX and RPL I didn't look at other REITs since I didn't want to continue just investing in the same sector. FDP is just a fun little gamble I am making. Not really an investment thus the reason it makes up such a small part of my portfolio. But I did look at Delta now that you mentioned it just for interest's sake and I don't like it. The P/E is in the minuses which is not normal and it is in the red on it's balance sheet. It is nonsensical for a company to pay high dividends when it is struggling to eke out a profit which it hasn't done since 2012, barely. As I have also said many, many times, I hate debt. I understand that I will never ever find a company that doesn't make/have any debt so I will only ever invest in a company that has it's debt under control. Delta does not. Again, why the high dividend then? I would rather they pay a lower dividend and service that debt. This all, to me personally, points to an irresponsible management team. I wouldn't invest in Delta.

I like TEX. It is very volatile stock but I think it is a good company. It is also expanding internationally which I like. Christo Wiese, who is no idiot when it comes to world of business and investing, gave TEX his vote of confidence when he took a considerable stake in the company which makes me feel comfortable with being invested in TEX.

Thanks for the feedback. I did go through their balance sheet briefly as well. What made me think it could be "ok", is the fact that you can get the share at a ~33% discount to the NAV.

Anyway, I agree on the debt vs high div yield. I think I might split between TEX and possibly RDF ( Also currently looking fairly good, has a 7.7% div yield )

Mr_D suggested Tower as another option, but I have yet to look at them.

38
Shares / Re: My Beginner's Portfolio Blog(Experiment)
« on: February 29, 2016, 03:41:55 pm »
@ Fawkes85

If you don't mind me asking in your thread, did you every have a look at Delta Property Fund?

I am looking at TEX & Tower. Looking for a cash generator of sorts, something that gives me money every year to invest in other growth stocks. Hoping to get ~10% div yield which seems possible.

This will make up 5% of my total portfolio, so I am happy with the risk.

Delta, on its current price has a ~13% yield. Maybe I should split it 70/30 TEX/Delta.

Comments please?

39
Shares / Re: 888 experiment.
« on: February 26, 2016, 02:31:48 pm »
Quote from: Mr_Dividend on February 26, 2016, 01:28:23 pm
Guess it depends on what your definition of confident it. For me, it means I would be happy with 5% of my portfolio invested in them which is the maximum I allow myself in any one company. And although I do not, i would, so yes, so pretty confident.

These days I quite like the smaller REITS that have a good chunk of overseas exposure or are planning too and pay a good dividend. Another one to look at would be Tower. On my watchlist too is Tradehold and Sirus (which I once owned then stupidly sold) - and looking into Green Flash and Atlantic Leaf.

I would like to get more overseas property to add to my Rockcastle, Nepi, Intu and Red Inter. - Rockcastle being the stand out for me there, but all have done well

I am beginning to think I am more a share collector than a investor.  :))

Very interesting! Thank you.

It looks like Tower & Texton are on similar dividend yields currently, ~11%. One opting for Croatia and the other the UK.

Maybe a split between the two is a good option also...Needs some more thinking! :)

40
Shares / Re: 888 experiment.
« on: February 26, 2016, 11:29:20 am »
Mr_D, are you confident in in TEX specifically? I am looking at them for the huge dividend yield. The idea being that I buy a chunk once off & then let them pay me dividends every year which I can then reinvest in other shares. If they can keep growing their div by 10% per year, it would pay itself back in ~7 years.

41
Shares / Re: Mr Div's CFD diary :: How to loose R25K in a few easy steps
« on: February 25, 2016, 10:08:00 am »
Do you think it would have been different with another broker? I read somewhere that some brokers guarantee a stop loss?

42
Shares / Re: Steinhoff, Remgro, Richemont & Bidvest
« on: February 23, 2016, 07:53:11 am »
Thanks for all the replies everyone. I will be watching these closely in the weeks to come.

43
Shares / Re: Steinhoff, Remgro, Richemont & Bidvest
« on: February 22, 2016, 01:26:14 pm »
Quote from: gcr on February 22, 2016, 01:14:47 pm
Bidvest is probably a good long term share to hold - as you say it just chugs along producing acceptable results year after year. When they spin their food operations out there may also be opportunities. I held DBXEU for over a year and they did not perform very well over this time so I sold and bought DBXWD which is faring better. So just my opinion on your considerations

Thank you gcr.

Ja I am starting to think that DBXWD might be a good option as well.

44
Shares / Steinhoff, Remgro, Richemont & Bidvest
« on: February 22, 2016, 01:05:26 pm »
Hi all

I need some advice/inputs on the above mentioned companies. I am looking to invest long term and I want to pick one or two that will form part of my current portfolio listed below :

Old Mutual
Discovery
Santova
Aspen
Clicks
Santam
Balwin
First Rand

( All shares added together is ~25-26% of portfolio value)

DIVTRX    ( 40% )
PTXTEN    ( 5% )
STXIND    ( ~9% )
DBXUS     ( 11% )
DBXEU     ( 9% )

As you can see, I have quite a big financial sector exposure, thus my reason for wanting to add. I guess I could also just keep buying STXIND or GiviIND, but I like the idea of adding 2 shares more.

I really like Bidvest as a long term play. Good (boring) company that grow consistently over time. BUT, I am open to suggestions etc.

Which two would you add & why. Again, this is with a 30 year view, at least. Obviously things can change significantly over such a long time, but buy & hold as far as possible. :)

Thanks
J

45
Shares / Re: Bidvest
« on: February 16, 2016, 04:23:31 pm »
Quote from: gcr on February 16, 2016, 02:47:10 pm
I am not sure what the value will be but what I suspect will happen is that those holders of the parent company will be offered shares in the new food company on a compensatory basis for the drop that will ultimately happen.
I do think there is a bigger play going on in the background with Bidvest, as all previous deals have been brought into the conglomerate and managed from under that umbrella, and this is somewhat of a contrary move by the Bidvest board
The dilemma is whether to buy more Bidvest shares now or wait until after the unbundling where prices may be keener

Thanks for the reply gcr.

I don't think that now ( at least for me ) would be the right time to buy BVT. It is currently on a PE of ~19-20 which for me, is too high. I have decided to wait until it gets closer to 15-16.

On your point of buying after the unbundling, I would have thought that prices would be higher following this. To me it seems that generally when something "new" happens, everyone wants to buy it.

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