If you would like to ask our webinar guest speakers from WS Blue Whale Growth Fund, Taseko Mines, Kavango Resources and CQS Natural Resources fund a question please submit them here.
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.
There could be another Divi in short order. Just keep adding to the Holding makes sense to me.
They are paying a dividend at a time when the fund is at it's lowest value. Not the usual tactics from managers. Though not complaining with the % increase. Not often you can make money on this
TakeAim, That's not bad, the running costs were over 12% at one point. That's why the NAV is lower now than it was 8 years back, because they have failed to make more than that each year. The NAV will slightly lower again following the dividend. It's a promotional effort by Ed to get a bit of interest in this. People did not buy this at 2p before the dividend was announced, only newbies likely to believe Ed.
Not to my knowledge no,l and it would be suicidal to do them frequently when annual running expenses of the fund are already around 8%. In other words, unless the company makes an 8% return on investment in any given year it goes backwards and further dividends would make that equation even worse.
TakeAim1
Has the company paid a dividend before then?
Coming from the chief de-ramper himself!
I am just stating facts. Why buy at 2p post dividend and not 2p pre dividend? Every previous Seed spike has been followed by a fall back to previous levels or lower. I am only suggesting this one won't be any different. If it helps one person, it was worth posting. Apologies if this is an unpopular view.
Mkcap value was far to low and well below Nav, so they wanted to offload cash to shareholders and in turn make this company more attractive to investors bringing up the value.
Thats how it works and I expect more dividends in the near future.
These companies are rare to find on AIM.
GKP was a great divi payer before the pipeline was halted.
One to watch in the future though.
Atb
This board had degenerated into a de-ramping spectacular.
Easiest thing to do was allow it to work for you. If you didnt take advantage.
That's on you
Where was all this support for the SP when it was 2p pre dividend? But now i'm meant to believe it will be a great buy at 2p post dividend after they've paid out more than £1.5m to shareholders because they are continuing to buy about £5k in shares a day on the cheap. Anyway, I won't post anymore. Just sharing my thoughts, that's all.
There is no chance of it dropping to 1.5. it has never been that low and as said with buybacks, special dividends, better sentiment, cheap anyway on fundamentals. so the drop will probalby be the normal drop on special dividend ex dividend or less and from the highest price on the 24th which is the ask price.
Why would it drop to 1.5p when it was over 2p before dividend announcement, share buy back means just that , shares are being take out of circulation so less shares available, meaning our shares are worth more than current mkcap each time they buy back.
Best to hold get your dividend and usually the sp moves up anyway and that’s without share buybacks.
Win win , so will be up again tomorrow more than likely as it’s the last day to get in before ex-divi.
I have never bought Investment Trust shares before so not sure how the share price works but equity stocks with this low volume of shares in issue, together with progressive buying and on top of that company buying their own shares how can it be only 3p now, let alone tomorrow? - if this slow rise is natural for this sort of stock surely it works the other way?
How do I not understand it? Yes volume has increased which will help the amount that can be bought but if the SP could drop from 4.4p to less than 2p with the share buyback in force it can certainly drop from 2.85p (or effectively 1.85p) to 1.5p by early next week.
Anyway, just my prediction.
Daprohet too right. people are going to buy this for more dividends in the future but already on board. and a rising share price after the drop in the coming weeks/months. as long as you are already in and holding you win. on the other hand people buying in now ready to sell quickly after ex dividend because they need the money are not going to make the money they think they will. and buyers buying after ex dividend will get cheap stock along with future dividends if they hold. it is simple. get in and hold. of if already in just hold after ex dividend in my opinion.
I don't think you quite understand what share buyback entitles takeaim
Lets not forget this could he the first of many special dividends as Ed has highlighted.
Of course it will drop at first and then the buying opportunity will commence
Which is fine.
The reason for this would be lack of trust in management to keep the SP above the water line. However looking back more of you would have jumped in Sub 2p if you'd known Ed was actually going to provide for us.
So on Monday if it does fall back down it presents another cheap opportunity for buyers to load up again pending another Sale / announcement.
Let's be honest, nobody is buying this at 2p ex dividend when that's the price you could have had it before the dividend.
1.5p is my prediction next Monday. Let's see......
But the ask is at 3p now to buy. the best buying price between 2.2 to 2.7 has gone. so the drop on ex dividend is going to hurt buyers now compared to those already in and holding.
Cheers Swazzers
#SEED is moving to plan. 20% up since I dropped my chart & TA. Please like & share on X https://x.com/SwazersC/status/1782749481680666829 https://www.tradingview.com/x/RO7jNvWH/
Welcome back!
Like I already said 1 4 . If they or anyone buy today or tomorrow at 2.85. Even if it drops back to 2p they will have still made money....not much...by buying today at 2.85 rather than buying at 2p ex-divi. in a couple of days
Exactly that’s why Ed said this in the rns on the 16 April.
Ed McDermott, CEO of SEED, commented: "It has long been an ambition of ours to pay a special dividend to reward shareholders. This achievement underscores our confidence in the Company's current financial strength and future prospects, as we believe our existing portfolio and new investments have the potential in the next years to replace the value paid to shareholders now. Whilst we remain in difficult equity markets, we are seeing attractive investment opportunities particularly in businesses seeking to fund growth.
"Post payment of the dividend Seed retains in excess of £4m in cash and we continue to seek opportunities that we believe could see significant returns for our shareholders. We look forward to providing further portfolio updates in short order."
It would’ve made more sense to buy more shares before announcing the dividend rather than after the dividend when the price has gone up. I’d say they’re confident it’s not going to drop
Errrr yes. Because all the shares they’re buying would lose value Midas. They might get a dividend but buying today at a higher price meant they’d actually lose out if the shares dropped in value by the placing price - would they not?