Pick of the Month: Nu-World Holdings
The Goldbergs have done a superb job over three decades in maintaining a lean and mean consumer goods operation
It’s probably the time of year to start thinking about the festive season holidays and the usual excesses that accompany them. Many of us would fantasise about receiving another bonus in the first few weeks of 2019 — to help mop up a soggy debt deck in the wake of the Christmas spending tidal wave. Dividends from companies with a December year-end tend to only roll in during April, May and even June. But perhaps there is a way of landing a dividend from a modestly priced company where there is also potential capital gain via a long overdue market re-rating. Let me confess that I can be a bit of a "dividend farmer". It’s a tricky ploy, and the dividends ploughed back into my trading account don’t always cover the subsequent capital loss when shares go ex-dividend. One effort that did not pan out last year was a punt on consumer goods specialist Nu-World Holdings. It paid a hefty dividend of 292c/share in early February this year, but the share price retreated after payment was execut...
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