RE:RE:RE:RE:RE:Portfolio and NAV UpdateYes any trading at big premiums i would not consider a better deal than DGS, but there are a few trading at discounts, paying over 15% , such as FTN which has about 5$ safety margin for paying.
I doubt we will see straight up markets with no pullbacks. In fact, given many of the current valuations, i can envision a 10% correction quite probable.
Looking at DGS holdings today, canadian retailers , and service stocks, like QSR, Canadian tire , etc, getting smoked lately. People are just not going out and shopping as much, or eating fast food.
And the employment picture is not looking up. BUT , the helicopter money will save us all... lol
oops except inflation will probably make 2000$ a month in stimulus checks keep you at the poverty level.
I am still more interested in safe split funds with decent valuations. AND YES i dont mind financials.
flamingogold wrote: For anyone that needs distributions right now, yes look elsewhere. Unlikely for DGS to payout in the next month or so. But for those that have the luxury to be patient, I believe 2H will offer excellent rewards both in capital gains and distributions. Net cash result of the two could very likely surpass the splits which are currently paying and trading at premiums.
mouserman wrote: DGS not a bad value as it trades below its NAV, but after a quick look, the portfolio doing poorly , especially the bottom 15 holdings. It looks to me like DGS UNIT NAV has indeed dropped since JAN 14... there are better places to park your cash , ( those collecting distributions) for the near future.
flamingogold wrote: Laggard = Opportunity. I said that about FFN in November too, look where that is today.
mouserman wrote: WOW, i havent updated the DGS sheet , as there is a lot of work there.... but would be surprised to see it lower than it was a week ago. LAst update for UNIT NAV was 14.50..
LBS has risen about 15 or 20 cents and LCS from Brompton is up about 50 cents.
Seems DGS is the laggard, and diversification not as effective lately, as just having a big % in financials .
west24 wrote: I have updated my spreadsheet to reflect the new holdings and have the Unit NAV estiamted at 14.47 with commons at 4.39 as of noon today. These estimates will be much more accurate for the next month or so.
Overall I am happy with some moves, as I do agree it will provide stability as we move forward due to a heavier weight in financials and lower weight in energy but wish they had left some things.
I am confused as to why they were so briefly invested in precious metals and wish they had stayed there. This sector recently had a pullback and I believe with more stimulus and low interest rates in the US gold, silver and copper prices will rise. It seems as though they got in to WPM and AEM mid-summer near the top and have now sold at a loss.
I am also unsure about their new addition of TFI, a transportation and logistics company. This in my opinion has been one that has been pushed up by covid, and I think as things shift back with the (slow) distribution of the vaccine it could correct somewhat.
Finally, I wish they had increased their stake in Brookfield Renewable over the past three months throughout all the hype that was going on following the Biden win and green energy incentives. It would have made sense to add here. Northland power does focus on renawables as well, so I approve of this addition. I think these renewable stock will continue their run as green legislation gets passed in the US.
It will be interesting to watch over the next few months, but I do think with these more stable bank stocks we will see a distribution resumption following some good vaccine news in Canada.