Tuesday September 23, 2014


My First Hangover at the Greek Hovel – getting to know the locals in Kambos
Video Postcard #81 – Reflections on the summer at the Greek Hovel
The skies darken over the Greek Hovel as lovely Eleni and the rest of Kambos prepares for winter

PERSONAL, UNDILUTED VIEWS FROM TOM WINNIFRITH

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Guest Post: Robert Sutherland Smith - buy SSE for a near 6% yield

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- Tom Winnifrith

Robert Sutherland Smith started his City career the year before I was born. He is, I think, 157 years old. He and I have worked together for almost eight years at t1ps.com . He is my friend and he is a very funny and intelligent chap. He is now branching out to celebrate his 158th by doing some freelance writing over at TradingResearchPoint on FTSE 350 Income stocks. Robert is a speaker at the UKInvestor Show on April 13th. He is a great one for focussing on yield. RSS today looks at SSE ( or Scottish & Souther as it was in my day).

There are two things about energy supplier SSE Plc (it was until recently known as Scottish and Southern Electricity – which used to prompt thoughts of hairy highlanders incongruously tossing cables at a vicarage lawn tea party presided over by Miss Marples) which makes its shares a good dividend income play. But also, a share with some potential for long term capital appreciation relative to the FTSE 100 Index.

Firstly, SSE is explicitly committed to one over-riding objective investor objective which makes it noteworthy as an equity; that is, its proclaimed mission to increase its dividend payout by 2% more than the rate of inflation measured by the Retail Price Index. Chairman, Lord Smith of Kelvin (mysteriously a Kelvin being a unit of temperature movement) has explicitly confirmed that goal.

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