London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
My reading of the original offer by KKR is thst the t/o price reduces after each dividend. The original offer price in May was 263.6 p and there was an approx 4p payment in June. We have just gone xd on another approx 4p. So, if I read the RNS correctly, we will now be in line to receive about 255p per share. Sad to lose this one but I wish they would hurry up and complete!
Are there any similar stocks on the LSE? I did buy rather a lot of Gore Street which is an energy storage (rather than producing) stock but have not found a replacement for Contour.
I forgot to add the offer RNS, for memory
https://otp.tools.investis.com/clients/uk/contourglobal_plc/rns/regulatory-story.aspx?cid=2319&newsid=1584109
Have a look at DEC pays a hefty 10% dividend or there abouts UKW are another share i hold worth a look....but do your own research and if you come across any others that fit the bill let me know
I agree with DEC I have a significant % of my pf there as DEC is hedged to downside risks. I have posted lots there.
I also have a similar position in SEPL. They have so much cash and will imo be debt free soon. Don’t see their divi being cut at any oil price now. More likely to be increased.
Both those are quarterly
Also PHNX at 600p ish is good value at around 8.3%. Divi gone up every year for more than 5 years. Well covered and inflationary v low risk.
CAML will be debt free about now. Riskier as copper and zinc but divi well covered at +9%…
I like PAY but I am in lower. Still good quarterly yield if you can get in near 600p.
Ding bother with incomes from funds, ETF’s, trusts etc… the commission is cost prohibitive, not as flexible as well. Better off diy!
Reckon GLO would be 300p now if it wasn’t for these plonkers selling out cheap!
Usual caveats
Trek
Cheers Trek good insights as always will defo have a good look at PAY already hold AV and LGEN so not to keen on another insurer stock also hold BP am heavy here looking to off load when and if it gets to the £5 mark.....so don't want another oiler stock.....
is there any point of holding any further? current market price is very close to what will be paid out when take over complete.
is there any chance of better offer from a competitor?
is everybody else holding?
Good question bolland07....i sold what i invested here and have kept profit just out of curiosity to see how things pan out...Don't think there be much chance of another bidder did think that myself when it was announced to be brought out ...loved this stock good dividend i actually voted against the sale one of the few.....
bolland07 just a follow up.....Sold up during yesterdays bloodbath and brought into DEC right decision? Time will tell...Good luck in these troubled times....