It yields 5.5%, the dividend is up 4.8% and revenue earnings per share are up 8.6%. Indeed, there have been thirty-seven years of dividend growth. Is it a bird, is it a ‘plane … no, it’s The Merchants Trust, 130 years old this year. A dividend super-hero that trades close to its NAV. If you… Continue reading Jam Today, Jam Tomorrow
Category: Business
All I Really Want To Do
Skin in the Game
Washout
I don’t get out much so I was very pleased to be invited to the Royal Box at Sandown Park this week; of course it is too good to be true. There has been an outbreak of equine ‘flu and all racing in Britain has been cancelled. Being more of an Eeyore than a Tigger… Continue reading Washout
Whither Oil?
Premium Bonds
When I was a nipper my uncle gave me a £5 Premium Bond. As I recall, his thinking was that if the Good Lord wanted to be bountiful it would be a shame if he could only arrange it by having my mother, or similar, ironed out in an accident so I could scoop the… Continue reading Premium Bonds
Darth Vader Kettle
The Tulip
High Treason
Is it too soon to digress? Don’t muddle High Toast with High Treason; the former an agreeably astringent snuff but the latter is also to be taken seriously. In ‘the good old days’, the existence of which is very doubtful, the usual punishment for dabbling in the latter was hanging, drawing and quartering.