Gold and Centamin PLC

Written by MrStockFox. Posted in Trade Ideas

With gold on the rise we should start to see better margins flowing through to the bottom line of most miners.  My hope is that my largest gold stock position, Centamin PLC, sees those higher margins and will announce a raise to its dividend later this year.  I don't hold this company as a traditional dividend growth stock, but as a hedge to all my other portfolio components.  So I never really expected it to ever raise its dividend, but last year even with the price of gold declining, Centamin raised its dividend 64%.

Over the years I have mentioned this company multiple times, here, here, here.  In my last post dated Aug 17th 2015 I mentioned how I expected the ascending triangle formation on the chart to breakout to the upside.  If that was to happen I felt we would see a multi-year bull market surge on the price of the stock.  That is exactly what happened but it took some patience for that triangle break.  It finally broke in Jan of this year at around $1.40 in price.  Today we closed at $2.78, up almost 100% over the last 6 months.   I fully expect that the price should hit the highs at around $3.25.  At that level I we should consolidate for many many months.  If gold continues higher in the coming years then I would fully expect a breakout to new all time highs.  For now I continue to hold my position.

Disclosure: I own over 20,000 shares in Centamin PLC have owned the company for over 3 years.  

centamin

 

Dividend Income Update June 2016

Written by MrStockFox. Posted in Dividends

I just got back from a wonderful 12 day backpacking trip through the mountains of Northern New Mexico. Here is a photo of one of the iconic peaks, The Tooth of Time.

philmont scout ranch

Dividend Income

After being out of contact for almost two weeks I have a lot to get caught up on.  So I am going to dive right into my numbers for the month of June, 2016. 

If you wish to view any of my past monthly updates you can find them here.

My monthly income was 102% higher than the same period a year ago and -22% lower over last month.  I took in $665.64 for the month of June.  My portfolio value increased from $201,595 to $216,606 which also includes my contributions of $4792.  

I ended the month with my future dividends at $8164.

Current Stats
  • 12 Month Income = $5242
  • Total 12 Month Future Dividends = $8164

dividends

Key:

  • Dividend Income
  • 12 Month Moving Average

dividends

Key:

  • 2014 Income
  • 2015 Income
  • 2016 Income

Monthly Capital Contribution

Below you can view the total contributions made to my Dividend Portfolio since inception along with the 12 month total.  Currently my 12 month capital contribution total is coming in at $59,815.  Going forward I would like to contribute at least $50,000 a year to my dividend portfolio and as of the last 12 months seem to be crushing that number.  In the month of June I added $4792 to my dividend portfolio.

dividends

Portfolio Value

dividends

Since I tend to take profits more often than the typical buy and hold dividend investor, my Cost Basis and Portfolio Value ratio are not an accurate reflection of my overall profits. 

Portfolio Weighting

dividends

Purchases

Below are all of my purchases for the month of May 2016.  I was very busy this month.

  • 7 shares of NKE
  • 42 shares of BSM
  • 16 shares of DEO
  • 5 shares of ABC
  • 6 shares of SAM
  • 42 shares of TIF
  • 8 shares of BEN
  • 2 shares of TROW
  • 4 shares of DIS
  • 25 shares of TGT
  • 12 shares of WFC
  • 1 share of UNP
  • 19 shares of SPOXF
  • 1 share of WFM

Option Income

dividends

Key:

  • Dividend Income
  • Option Income

If you wish to view any of my past monthly updates you can find them here.

Thanks for reading.

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Weekly Purchases - 7/4/16

Written by MrStockFox. Posted in Weekly Update

It has been about 3 weeks since I updated my weekly purchases because I was on vacation.  Here are my purchases over the last 3-4 weeks.

I Bought:

Over the last 3 weeks I increased my annual income by $525.51.  Here is what I purchased:

  • 16 shares of Diageo PLC (DEO) - This will increase my annual dividends by $41.60
  • 249.66 shares of Blackstone Minerals (BSM) - This will increase my annual dividends by $287.11
  • 13 shares of Tiffany & Co (TIF) - This will increase my annual dividends by $23.40
  • 4 shares of Blackstone Group (BX) - This will increase my annual dividends by $4.48
  • 8 shares of Franklin Resources (BEN) - This will increase my annual dividends by $5.76
  • 24 shares of Nike Inc (NKE) - This will increase my annual dividends by $15.36
  • 2 shares of T Rowe Price (TROW) - This will increase my annual dividends by $4.32
  • 4 shares of Disney (DIS) - This will increase my annual dividends by $5.28
  • 20 shares of Target (TGT) - This will increase my annual dividends by $48
  • 39 shares of Wells Fargo (WFC) - This will increase my annual dividends by $59.28
  • 1 shares of Visa Inc (V) - This will increase my annual dividends by $.56
  • 14 shares of Bank of Nova Scotia (BNS) - This will increase my annual dividends by $29.82
  • 1 shares of WholeFoods (WFM) - This will increase my annual dividends by $.54

I Sold:

If you wish to view all my completed trades, you can find them located here.
(Sometimes the posting of my sells can be delayed by a couple days to even a couple weeks depending on when I get around to updating the spreadsheet.)

See the link above to view the latest.  

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RightSideoftheChart.com GDX & GLD Outlook

Written by MrStockFox. Posted in Videos

I highly recommend our viewers take a look at Randy's(RightSideoftheChart.com) comprehensive gold market overview.  Very well done update.  

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Vacation

Written by MrStockFox. Posted in Blog

Was away on vacation and just got back late tonight.  I plan to post a couple things this weekend.

Regards,

MrStockFox