Geoff Noble's Blog, page 11

[Sunday Update] Boring Sunday

Sometimes I find doing these updates boring. This is a good thing. I don't hop on the internet every Sunday and find all the news I can on the companies in my universe. That news is noise, of course. I just focus on checking my dividends every week and calculating the yields and growth rates of each company. This is quantitative and factual. I try to make decisions using data. I find making decisions based on news flow and speculation a poor decision-making model.

I do keep half an eye op...

[Sunday Update] We are still here...

It is just over a week after "Brexit". The sun is still shining and the globe still turning. People are still waking up to go to work. People are still buying food, clothes and other products. Yes, a lot of noise still exists and I still believe that no-one really knows for sure how everything thing "Brexit"-related is going to play out. I'll leave the speculation to the
Bloomberg/CNBC/CNN/BBC et al news channels.

This week there were no dividend declarations. Clicks (CLS) also pays its dividen...

[Sunday Update] Time to Forget the Noise

The biggest news of the week is, of course, Brexit. This is noise in the long-term. We smile
and carry on doing what we do best; buy and hold great dividend paying companies.

In other news, MTN has a new CEO. See the SENS announcement here. There were also numerous other appointments. Let's hope that MTN starts to get its house order now.

No new dividend announcements were made last week. Please see our updated table below:

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Disclaimer: I ha...

Brexit: The Sun Will Rise Tomorrow

What does Brexit mean? Your guess is as good as mine. Until now, I have resisted writing about Brexit. I don't even think the UK government know what Brexit means. I don't think anyone really knows. This creates uncertainty. In the short-term, uncertainty creates market volatility (shallow risk). The media has a field day in times like these. See the following snippet from a popular finance website.



Confusion certainly reigns supreme. It is great that we don't care about the short term.

On...

[Sunday Update] A Quick Update from the Emerald Isle

Good evening. I am writing to you from a farm in the Irish countryside. It is a typical gloomy, rainy Irish day. Perfect weather for a dividend update.

There was not much action this week. No new company results. Life Healthcare (LHC) and Reunert (RLO) pay dividends tomorrow.

The investment universe historic yield has increased marginally this week. The table below has been updated too.


Disclaimer: I have tried my best to ensure that the table above is accurate. It is based on factual data and...

[Sunday Update] Spar. Good for You.

There is not much to report this Sunday night. Tomorrow, Spar (SPP) pays its interim dividend of R2.55 a share. There was no other action such as dividend announcements on the equity front.

I have also added a line the average growth etc where I have removed Nampak as the cutting of its dividend skews the numbers.

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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 an...

[Article] While You Were Worrying… by Ben Carlson

I like to read. I read a lot. Articles, books, blogs... you name it. When I read something that hits home I share it. Today, I read an article by Ben Carlson (his blog here) which sums of my thinking. We spend too much time worrying. Ben puts it best with:

My general feelings about the markets are as follows: 

Yes, we will have bear markets and crashes in the future.Yes, we will have periods of low returns in the future.Yes, we will have recessions in the future.Yes, risk management is imp...

[Sunday Update] Nampak gets the chop

Nampak cut its dividend this week. Basically, Nampak is struggling - although you'd think everything is not so bad if you read the CEO's comments. I have a couple of excerpts below:

“Nampak has delivered a strong set of results (note: then, why cut dividend?) ... During the reporting period, markets in which Nampak operates were characterised by subdued growth and volatile currencies due to lower commodity prices, drought and tightening global financial conditions (note: co...

[Sunday Update] Tigerbrands, Reunert and Mr Price announce dividends

I must be on a roll as this my second post today. This last week saw Mr. Price (MRP), Reunert (RLO) and Tiger Brands (TBS) declare dividends.
MRP increased DPS by 14%RLO increased DPS by 8%TBS increased DPS by 7%Here is this week's table:

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).

[Fun] I can't invest now because...

The latest scandal involving Mr. Zuma is the buying of many of his wives' cars with police budget money. We have already experienced Nklanda and Nenegate. South Africa screams political risk (although, I believe this risk is exaggerated). Sure, some have calculated the cost of Nenegate at North of R500bn. This is all short-term market fluctuations, of course.

Many want to take money offshore. Is this the best solution? It certainly isn't the only solution, that's for sure. We can loo...