Sunday 11 September 2016

[Sunday Update] Busy week on Forget the Noise

It has been a busy week on Forget the Noise. I have added some more companies to the stocks list. The list now stands at 37 securities. I plan to add another 13 South African securities (50 in total). After that, I will create a US, UK and Swiss list of securities. Lastly, I will need to create a REIT (or listed property) list. You should then be well covered on the investment front. Remember, these are not recommendation lists but lists of factual information that should hopefully assist you in your quest to build a long-term income stream.

It has also been a busy couple of weeks on the results front:

  • MMI kept their final dividend flat (slightly up on full year basis - SENS)
  • Bidvest (BVT) decreased their dividend but these must be seen in the context of the Bidvest unbundling (SENS)
  • First Rand (FSR) increased their final dividend ever so slightly (by 1c per from 117c to 118c! - SENS)
  • RMB Holdings (RMH) decreased its final dividend from 154c to 153c (SENS)
I relentlessly write about "forgetting the noise" but this is not noise. Dividends are the key metric I monitor. I am concerned about the increasing lack of real dividend growth. I am not panicking just yet but I am aware the number of "Reds No's" in my table is growing. Not a pretty picture!

Written by: Geoff Noble
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Disclaimer: I have tried my best to ensure that the table above is accurate. It is based on factual data and does not contain any recommendations. Errors and Omissions are Excluded (E&OE).