Miner Quibbles

Major Miners The Mining sector contributed 37% to the total dividends paid by the UK equity market in the last quarter*. This was more than the next five largest sectors combined. The market’s top three dividend payers, ranked by absolute pound sterling amounts handed over, were the Major Miners: Rio Tinto, BHP Group and Anglo

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After the storm: dividend-watch

Annus Horribilis 2020 was a disastrous year on many fronts. It was certainly terrible for UK dividends. The lock-down prompted firms to batten down the hatches and dividends were cut across the board. In aggregate the amount of dividend paid by UK corporates fell by 43%. There were very few hiding places. Lots of companies

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Income funds are wonderful, I tell you, wonderful!

Is investment a form of entertainment? In truth it is to some extent – a guilty extent. The thrill of the casino win, of the horse that comes first, of the lottery – these are real and the truth is that people enjoy losing. They see it as a price worth paying for the excitement

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Compounding Away

At Slater Investments we have a variety of characters. Some of us favour a bit more excitement, others prefer steady progress and lower risk. The trick is to have a good combination. The problem with exciting investments is that they come and go so quickly, moving fast and maybe later becoming embedded in masonry. The

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Dreaming of Sunnier Times

As a war grinds to a close people’s minds turn to life afterwards: a home fit for heroes, a new Jerusalem. Maybe we are not at that stage yet but it’s tempting to start looking at life beyond. What are the prospects for the UK stock market? A rising tide lifts all boats, and the

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Share Options: Just a bit of fun or spawn of the devil?

At Slater Towers we receive polite letters from companies explaining why they think it right and proper to increase the size of awards to their directors. Nil cost shares worth 1.25x base salary? Come, come, surely 1.5x is only fair? One such came through a couple of days ago. It was from a company which

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Investing in The Age of Zoom

At Slater Investments most of us on the Investment Committee have been waiting in our burrows while the pandemic does its worst. Commuting consists of shuffling from the bedroom to the home office each morning. Then follow a succession of video calls with companies. My personal record is five in one day –  which is

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Environmental, Social & Governance (ESG) investing – is it good for you?

  Source: Refinitiv 7.10.2020   This chart takes its data from Refinitiv, which has set itself up as a major supplier of ratings for ESG. Having a good score would seem to be an attractive feature of an investment. But hang on, the figures from Refinitiv say otherwise. In fact you can see that the

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