Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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I hold VSL. Huge discount to NAV and a 9.5% well covered yield paid quarterly. Price keeps falling back but when you look at the trading there are some fairly large buys going in and not much selling. Just added a further 10k shares today.
Have a look at EPIC or for more risk VSL?
Also my thanks to Trek.
His intelligent comments on Directs Plus led me here. Thought I had sorted my income investment strategy out for awhile by accumulating here! Alas no more, but appreciate a nice little earner.
Good point. Interesting that the great and good don't always get it right. Out today:
Goldman Sachs raises ContourGlobal price target to 211 (208) pence - 'neutral'
Sad to lose this stock but at a good price.
Another good divie payer that I have held since its flotation is Gore Street Energy Storage, further down the electricty line than Contour. This is not meant as a recommendation of Gore Street but rather a reply to the question asked in this thread.
Trek
Thank you from me also.
You are one of the very few people who have given reasoned discussion on these boards, while showing patience and understanding when confronted by naive questions.
I have regretably now closed my position in GLO, although I see investors are stll buying the stock, not sure why.
Anyway good luck to you Trek.
Represents a useful return for me as only held GLO for months not years. But but but...
This is not a good advert for listing on the stock market with a limited free float for what was otherwise a private equity investment. It's up to us as private investors to search out good investments and take advantage of market myopia but it is concerning when quality like this is overlooked/penalised. Why would the next company follow a similar route - in my opinion without the market steering the valuation a takeover would likely have been at a higher price.
And that means that in the end you and me will be denied these opportunities.
Thanks Trek for putting us onto GLO in the first place. ??
I've added a few GKP. Very large yield. States around 13% on here but its much higher in reality. It is however high risk. Has paid quarterly dividend for the last year. Added a few from the profits. Other than that I am currently out of ideas for quarterly dividend payers greater than 8%
Funny how "good" news can sometimes be disappointing! GLO was 3.6% of my investments and I was mulling over selling some of my oilies and adding to GLO. I should have mulled a bit harder! Still a sizeable profit is not to be sneezed at and there are more fish in the sea. My immediate thought is adding to my BATS, but I will check out Trek's recommendations (thanks Trek).
Always nice but a pain as was a lovely income. Mulled over and have sold value to my profit level which is approx 25% of my holding. Left the rest as will continue to get Septembers dividend and see if there is any counter bid. Presumably they will not now pay a November dividend. Overall v disappointed though as had intended to slowly grow a really big stake
For those looking for quarterly income I also hood these. You can work out cover, history etc…
Be patient with timing your investments though just don’t go all in.
PAY…5.82% yield. Buy around 570. Be prepared it may go lower in this market so hold for 550 as well. But this is also a TO candidate!
JIM…. Recently had a slight divi cut but SP is near all time lows I have been buying at under 230 for +6% yield. Looks like money already heading there today!
SEPL…. 6.4%, trades on SETS can be difficult to buy. Read my last posts there for company info
APF… I have reduced significantly as it’s likely going lower. Add to your watchlist and be patient for sub 150.
SMS… I had an amazing run on this and is now pulling back as expected I sold +850 from under 700p! Put on your watchlist for sub 800, sub 770, use your TA skills here. Good one to buy if market has a wobble.
WINK… on watchlist buy on weekness, sub 190. Not very liquid so be aware.
High yield that’s ‘cheap’ other than the obvious insurers.
SYNT and CMCX… look at my posts there for a flavour.
Dyor…..
Still Bllox!
Usual caveats
Trek
DEC
Likewise sold out and taken cash at market price rather than wait months for a few pence more. Any ideas on where to reinvest for safe and growing yield in the energy sector?
I have taken the market price on my holding. I'm caught up in a takeover with Petroteq and it's been a year long wait. This morning was to close to the offer price made by the majority share holder and reading the RNS I believe its likely to be October before the deal will complete. I may be wrong.
Anyway. Truly gutted as this is an absolute gem of a company. Best of luck everyone. I now need to find place to reinvest the proceeds at a safe and increasing yield of 8.5%. Gonna be hard.
Fully agree Trek.....love this stock but think it's a foregone conclusion this has gone have to find another that matches the divi.....let me know if you find anything out there cheers
Bllox! Bllox! Bllox!
I always had 260p as fair value for this little gem, check my history.
Note all the positives from KKR…..
‘ KKR believes that ContourGlobal is a high quality business underpinned by a balanced and geographically diversified power generation portfolio across multiple technologies. ContourGlobal has highly contracted and inflation-protected cash flow streams with pass-through mechanisms, and sells power under long-term contracts to investment grade counterparties or against regulated tariffs (together around 90 per cent. of the portfolio).
I am getting +8% here forward yield quarterly and it’s a huge % of my pension.
260 does not represent fair takeover value, it is only just reflective of a discounted asset value. Where else can you get a 10% yoy divi growth! Where else can you match GLO’s organic growth in safe juro’s.
I will NOT be voting in favour of this even though it’s futile given the shareholder distribution.
There needs to be more money on the table and I wouldn’t rule out a counter offer at this stupid price.
GLO would have got to 260 under its own steam as a defensive diverse B rated ESG energy Company. Haven’t the board noticed what is happening in the energy sector ffs!
Madness!
Absolute sell out we were listed around this level ffs!
Sorry for the delay in my post just sold elsewhere to buy more GLO!
Usual caveats
Trek
Morally.. We should reject this offer, the board should reject the offer, the large holders should reject the offer...
But such is the way of our British greed, yet another good company will be sold off to foreign ownership so that we can nab our short term gains.
Yes Whitelye keep me posted if anything catches your eye....
I've had a quick trawl and its difficult to come up with anything in the sector paying as nearly as much in dividend. Initial euphoria wearing off !!
The market will immediately price in the offer, minus a small discount for the amount of time until the transaction completes (and it will complete, as 71% of shareholders have already indicated they are in favour). I would expect an open around 250-55 or so.
Personally I have mixed feelings. Always nice to get a decent payday, but on the other hand I *really* liked GLO for its high, predictable and inflation-proof yield. Ah well, time to shop around I guess.
Not sure if i want to sell up i like this stock and pays a hefty dividend.....
Good luck trying to buy shares at 190p ish today - the price will spike as soon as the market opens
Mabe , but I presume they are going to shoot up on opening !!
Where's Trek? he always gives good insight .....