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Laugh
Fair play,
Dividend pay is a nice bonus, your son must be doing very well also.
Is he a member in LSE ?,
Are you invested just like your son then?
Your son is on the ball here and knows a good investment when it’s about.
Gl.
He bought at 1.98 before dividend announcement
Averaging down means buying more at lower price to bring down your average buy price
My son is holding, he hasn't sold any
Tak. very good post and well thought out.
Laugh
If your son bought before divi at 1.98 and averaged down then he hasn’t done as good as if he’d held, he won’t get the dividend on his sells so that’s gone.
Now it’s about the potential future dividends and acquisitions and future high cash flows,
These companies in AIM are rare to find so increase your holdings and hold imho.
What do the next six to twelve months offer? My guess is a another 1p dividend, combined with an escalated share buyback to maintain NAV as much as possible. Ed's likely to announce one or two investments. Results will bring a new NAV (I haven't bothered guessing given all the changes), which will bring lots of discussion. Reasoning below:
The current rate of share buyback provides for 7 million shares bought back a month, lets say at 2,5p a share, which costs £175 000
Three months of buying at this rate brings 10% of the remaining shares in issue in for around £530 000
That leaves around 180 million shares.
Six months of such buying leaves around 150 - 160 million shares in issue at a cost of around £1m - £1,2m (assuming the SP remains below 2,5p.
Another 1p per share dividend would cost £1,5 - £1,6 million.
That would still leave £1,5 million for investment!
I'm thinking that Ed is conscious of the need to prove himself, so it could be a case now of returning as much cash as possible now and relying on the currently zero valued investment portfolio proving everyone wrong in 12-24 months time. A very profitable sale of an investment or two of Ed's doing would provide him with that justification to carry on.
The share buyback means the cash dividend is offset somewhat by the reduction in the number of shares in circulation via the increase in NAV.
Risks? Well, Ed may buy something with our money that we don't like. I've wondered about Northern Leaf and how a £30m investment in which SEED only had a tiny part could be valued at virtually nothing. The current valuation of Northern Leaf is unclear to me (Voyager was around £1,4M at the time of the £5M joint valuation announcement) and it boggles the imagination to understand what went wrong? It sounds like something out of a Guy Ritchie script went wrong from where I'm sitting. In any case, it still isn't clear where all subsequent Northern Leaf pre-IPO money went (there was more than one lot and it was a lot), SEED were not the only ones left in the dark and the ex-CEO has gone underground it seems. So Mr Ritchie, get in touch. It is still a state of the art facility and with the way the cannabis market is going, then it remains an interesting prospect.
There's plenty of other risks (you'll point them out I'm sure), but again, from where I'm sitting, the upside remains glaring with the current strategy in place. Ed doesn't seem disposed to make massive investments as I think, with all the feedback, he's more self aware this year than, say, two years ago. So I'm guessing that any investment announced isn't likely to be our only one. There's likely to be a spread of risk.
Glad I've held. I'd suggest it's a good time to buy. Whatever happens, you're going to get a decent return over the next six to twelve months.
That is the point. it depends on people average and i know for a fact most people average on here is not 2p.
It does remind me of a company called gvc holdings many moons ago. but that depend on ed doing the business. gvc paid special dividend and of course the drop. took a while to go back up but then kept going to new highs paying out dividends. rare but it can happen where by holding you get the best of both worlds given time. i am more for out and out growth but will gladly hold these shares as looks good to me now. but it will take time as with the rare gvc example.
I don't think you stupid
200k shares
Bed n ISA you loose the spread so 10% lost & U pay dealing costs to buy & again to sell
I decided against it on £20k worth
Tax on dividends only 8% I think
My son bought at 1.98 before divi, pure luck, he was averaging down thou
Bar(wick)man - I rolled my eyes smugly at your comment earlier, "Hope most or all of your Seed shares are in your ISA..."
I was thinking, "Yeah yeah, we may be invested in Seed, but we're not stupid." It turns out I actually am. Most of my Seed is in an ISA, but I left about 200,000 shares in another account when I hit the annual limit a few years back. I could have transferred them last tax year or last week. I am actually stupid!
It’s all about the company that’s in a very high cash positive position, I had no doubt I will do well here and a dividend is a bonus, I expect more dividend payments to come .
Share buybacks are the icing on the cake.
Tak shares out of circulation and so higher future dividend, that’s why they do it to make shareholders more wealthy, the board hold shares remember so they get high returns also.
I’m holding and will get my £5k dividend on the 13th May and will be looking forward to future returns. My 5k is going back in to buy shares so sp doesn’t matter to me atm. Atb
Lol. the only way this will work where you do really well is get the dividend and then hold your shares. all this buying at up to 3p and then selling at 2p but getting the dividend is not that clever in my book. nope. get the dividend and hold. of course if you bought in at 2p then great. but i did not see one single post on here saying they bought at 2p before dividend was announced.
Oh balls. Forgot to sell.
Look at oftm posting history. He only comes on to moan and troll others. You can see he has no comprehension of anything share related. A tool of the highest degree
Sort your reading comprehension out oftm. Matador was having a joke, as was I. Some of the comments on the dividends this week and how they work have been terrible on this board.
Great day for Seed, they've given £2m back to shareholders and the sp is the same as it was 3 weeks ago before they did that. I've taken all that cash in an ISA and I'm happy with it. As Barwick says, divi allowances are tiny this year.
Looking good for a rise back towards 3p in the coming days or so.
A lot of potential here to increase shareholder value near term.
Hope most or all of your Seed shares are in your ISA as the dividend will remain tax free, if not i think the 2024-2025 dividend allowance has changed now to £500 total and thereafter you pay tax, very unfair i think.
This has been an absolute gift from the MMs not dropping this a full 1p. You could sell yesterday at 2.8p but you wouldn't get the dividend. However today they are letting you sell for 2.1p and get the 1p on top. So a free 10% overnight. Baffling but great for shareholders.
As said this was expected to drop this amount today. so everyone that is invested now gets the dividend on the 13th may and we may get a good rise in the share price in coming weeks/ months. strange anyone posting about the drop and being one of the biggest fallers.
I’m guessing you didn’t participate in the free money giveaway. Couldn’t wait for today to have a whinge whereas everyone else expected the drop
Move on
What a lame comment.
RE: Aaaaargh!Today 08:50
3rd on the top fallers. ED nEeDS TO reSIGN
3rd on the top fallers. ED nEeDS TO reSIGN
Another day the stock technically is up, £4m a good coffer to invest. There is a scenario where they also have exits in at least Avextra and hopefully Juv too within 12 to 18 months for good returns
The sky is falling..The sky is falling...
Might be a good day for seed to buy back some stock….