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What a ridiculous thing to say. Are you sure you understand the stock market ??
You are profiting from other people's misery. Disgusting. Hope you are stuck with worthless shares.
One week left to bag a 25% dividend
Not many Shares offering a 25% divi this Qtr
It will most likely drop a fair bit tomorrow (ex-div date i believe), but as they have said the NAV is still around 36p, therefore still seems to make sense.
The 5p returned is on an asset which was ascribed no value.
How much real value is in the assets ?
I'm struggling to see why people are buying this at 22p today when we're only getting a 5p return in a few weeks? I thought it would have been a fire sale on this announcement?
We chucked your money down the toilet because we couldn't be ar@ed to check out who we we were lending money to. But we are please to give you 5p. After we have had it in our bank 4 weeks.
Resignation of Peter Niven
Mr Niven has tendered his resignation with effect from today
Took a big hit - out - Directors are criminal over this and you can forget any investigation with Bailey still around in the finance system
Having gradually been ploughing through the 164 page report, I can say that it is shocking, if not criminal, that the portfolio was allowed to get into the state it is now in. Best place to start is page 36. Directors must have had their heads way down in some hole. Needs investigating.
Nothing more to say, sell or get locked in.
I note that I have received a corporate action requiring that I cast my vote at the company's AGM and class meetings. However, I have been unable to locate the company's Annual Report and Financial Statements for 30 June 2020 - has anyone been able to view these, and if so could you provide me with the link?
Fyi, the AGM is scheduled to be held on the 31st December 2020, the ii website states voting must be completed by 23rd December 2020. Link below: https://kkvim.com/cms-data/depot/loandoc/Dec-2020-KKV-Secured-Loan-Fund-Limited-Notice-of-Class-Meetings-AGM.pdf
All best wishes, RD2U
I note your sentiment regarding the management performance and monitoring of its processes - have you put a contract out on the B.O.D. yet ??
I think that an SP rise to 26 / 27p is well achievable in the short term and maybe 30p in 6 months - either way - from the present SP of less than 20p this still equates to a good profit for those who want to wait 3 - 6 months - 35% / 50% - so I am happy to hold or even increase my holding on any dips.
GLA - bandanaman
Little did we know this is one screw up of a company. Personally I’m at a massive loss on this.
Not impressed at all.
...well you got the NAV update today, and a rise in the share price. I would say that your potential investment depends on whether you are a gambler. You may eventually get 30p per share back, but whether they can realise that value in the next year is highly debatable. I've stopped following this share since I dumped my investment, but the main problems were the number of AD plants - £39m, £31m, £27m, £23m, plus another 6 at between £2m and £8m. Can they be reclaimed and sold on if need be, some were misused and need a complete clean out, some seem to be on farms etc.
There is the construction equipment in Africa where the company pulled out and left it all there. Has it been seen since ? Last I heard was a group of men all with the name Paddy were driving it round Africa offering to tarmac driveways. So either someone has to go and reclaim it (I imagine it is scrap value) or the company who took out the finance needs to be sued, but I would think it was a subsidy company who may have been closed down.
Then there is £24m in Suniva which is in the US courts, but halted because of the huge costs involved.
Hotel IT equipment and Paper Mills were Covid affected. Helicopters, remote vehicles. Mobile Modules (?) and Hospitals were in default. It's all a mess.
Possibly wind turbines can be sold off, then there is glass manufacturing (£20m), Marine vessels, Combined heat and power in wind down (?), and misc "Diversified portfolios" (£30m) and unspecified lending.
Personally, I hope that someone sues the board who let this all get into such a mess. I'd rather throw my money down a dodgy AIM oil well or two.
Looking at the SP and the RNS issued - it is obvious that the value of the Trust is way above it's present SP - asking around the figure I gather is in the low 30p value ... has anyone else got more info ..?
..what next, disappear in some forsaken distant land before the authorities come looking ?
Time to put the waders on.....still trickling down.
14p is ridiculous. So, I have been filling my boots.
IF YOU WANT A COMPANY WITH VALUE LIKE THIS CHECK OUT #for #forbesventures
indeed...but is it worth a punt @14p?
I have reached out to catch the proverbial knife...
Some serious questions need to be asked.....Regulatory Bodies.
Would hope not.. way below my average now I’m afraid
I would guess the current share price bares no resemblance to the real value of the assets.
Time to start averaging down to attempt damage limitation.