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.
Say no more…
‘ The Disposal represents a first step in this direction, creates compelling value for ContourGlobal shareholders, strengthens ContourGlobal's balance sheet and enables more effective capital allocation. The Disposal is cash flow and credit accretive from a parent company perspective and a major step in the exit of the only meaningful non-EUR or USD currency exposure for the Company.’
Also no need for AGM due to significant shareholder consent.
Obviously the BoD are doing their best to close the disconnect between the SP and asset value but as I have ‘honestly’ said before this company is a dependable income machine, akin to similar energy trusts and ETF’s. As such a NAV discount is a fact of life for London listings.
I fully appreciate that they need to close the gap between the SP now and the IPO sp but my calcs pin us to a 6% ish divi. If the divi increases as it does yoy by min 10% then the SP imo will follow.
This is not a rocket growth story. It’s a solid income payer, well covered, and as such is my second highest pf holding.
But of course things can change and I think they will go hunting with their plentiful cash!
Let’s see what they do with the dosh. Debt is really not an issue, see my earlier posts.
Usual caveats
Trek
Meant to ask Trek , what is your highest holding in ? If you don't mind telling
Is Kani going to sell all shares in GLO?
Kani Lux Holdings S.à r.l., a majority-owned subsidiary of ContourGlobal, had signed a definitive agreement with Infraestrutura Brasil Holding XVII S.A. ("Pátria Investments") to sell the entire issued share capital of Contour Global do Brasil Participações S.A., which
Hi Sam,
My largest position is TXP. I first bought them at 11p but averaged up on the recent pullback to now around 40p from memory.
I expect them to get to £7.50 over the years with a fair wind and pay a nice divi.
After that it’s here at 185p is then SAVE at 8.3p.
I rate TXP a buy sub 100p for a long term hold and likewise SAVE if you can grab some around 30p. They should get to 85p within a year (broker target). Both will give you trading opportunities to improve your average or you can just buy and forget if you can cope with the volatility.
I am a pretty active trader but I have held TXP and SAVE for sometime. I buy small caps and cash out to buy much needed income. That’s how I came across GLO. Running the numbers here and across a few others.
I get over 8% income across a dozen stocks all with a well covered divi. Well that’s the story now but I can change my approach according to the macro and company dynamics and may grab other opportunities as I see them.
A good buy atm is GCAT (a gold producer/explorer) where I am still building a position sub 1p so don’t buy too many!
Good luck with your investments
Trek
Hi Trek,
Thank you for sharing. Most of my money is tied up in rental properties but shares are where I can really get some additional good income. I have a small portfolio of 21 companies valued circa £85,000 which is small by yours and a number of peoples here but am pleased that it is growing. My shares can be basically divided into three . 1 .Income . I like shares that give four good dividends a year. These consist of BP,DEC,GLO,APF and GSK. 2. Boring but safe with reasonable dividend. These consist of VLD,TW,DRX and LGEN. 3. Speculative with room for good growth. These are XLM,REDX, SAVE, and EISB. The largest is the latter which I hope later this month will be announcing launch in UK, local production agreements and growing USA sales. Finally I own Harworth and Watkin Jones, both of which are doing really well. So there you have my little empire. Have triedd to spread the risk but some I would like to have a lot more in .Time will tell !
Not a recommendation but rather an interesting possibility to read about is Gore Street Energy Storage, the flip side of Contour. Four divies a year, a cash cow (especially in today's energy market) and an opportunity to get in relatively early in its history.
Hi yes a nice 6% divi...but the charges are quite high per annum just under 3%....guess you pays your money and take your choice...that was through HL.....
Surely this is a share with dividends and no charges ? or am I being slow today ?
Sam i was referring to the previous post about Gore street nice divi but high charges....