Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
To provide shareholders with stable, long term, inflation-linked income from a portfolio of Social Housing assets in the UK with a particular focus on Supported Housing assets.
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Poor investing lad, never have more than 5% exposure to any stock.
Oh dear, they are also preparing you for a cut in the divi from 5.46 to 4.5p.
Oh dear they are now preparing us for a 20% drop in revenue..................................watch this space
FALCONER how money makes money? I lost half of my money on this turd and it keeps on circling the drain. I should have sold everything like I wanted instead of listening to you people. Who knows some may have a vested agenda in me not selling so they can sell first, or buy my shares even cheaper. And SD235 is right this is even worse than regular housing, they have intellectually disabled people in there who may have mental crisis and break things or paint with their fingers on the wall, the works. In my hometown there was a guy, the loner type you know, not all there, and when he died they found out he had covered the floors with dirt, like if he lived in a mud hut, but the guy was a local guy. Who knows what happen in these houses? I wanted to help society and get back a bit of money for my old age but in the end I've been rinsed dry. And I'm too old to earn that money back all over again. All the while the directors live high off the hog. I'm incensed.
Cheaper shares more divis hope fully the, I've 27 more years yet then cash out and me n Mrs are having 5 yrs world travelling.
As my pops says money makes money makes money
Punters
"Falconer, property prices are falling and probably will continue to do so for the foreseeable with a further rate rise being touted. That means the NAV here will fall - not good"
SOHO is not the definition of housing. This accommodation for the disabled.
They are not valued the same as housing.
Silly to think they are.
Sotonspike,
Took a look at "Dec" done 8 hours fast research very decent, divi sound, bought, missed this one, I have about 10 portfolios running keep avg 15 shares company's in each.
I've put in my under a pound share portfolio, I let em run 5yrs reinvest divis, then evaluate.
Cheers soon... FF
Hi FF I had a quick look at foresight there charges are a bit high 2.24% according to Hargreaves....Might be worth having a look at DEC and SDIP both pay high dividends at the mo...As always dyor
Been saying this for ages lad, I'm a big holder and went bigger into this, those mid priced 46p shares I bought are bargains, as before I'm surprised this company's still not in private hands.
Another I'm in is foresight solar fund(not recommending or giving advice), but divis great, maybe have a look.
Jpp; saw your post suggesting a 50% loss in 2 years... I'm the kinda guy who wants all to do well, and whilst their is inevitably than someone's gain is someone's loss, I don't wish I'll, a loss on anyone.
I unreservedly believe, that this will rise towards a £1 within 2 years, and higher beyond.
Stocks such as SOHO, Civitas now gone, PRS are providing a service, in a housing (rental) market in demand, that is filling gaps in such provision, but doing it cheaper and better, and with better quality home environments for it's tenants.
I am invested in many diverse, esoteric, politically impacted stocks, but I can think of none more misunderstood, and underappreciated (hence undervalued) as the arena SOHO is in.
Personally, ideologically, I don't agree with what SOHO do, which frankly, is to profit from those less advantaged. But pragmatically they do such whilst delivering our current govts belief that market forces, companies deliver best, and the reality is in the chaos of vision, direction and application of this, and too many preceding govts to plan and deliver such coordinately and efficiently, the ad hoc, small scale provision has been both poor and expensive, and SOHO has allowed them to politically extol support for vulnerable tenants, sav d their political bacon, because SOHO provide better accomodation, cheaper accomodation than than ad hoc suppliers/the govt itself.
And within that govt mantra of free marketism, SOHO will never go bust, on the simple understanding, that it would be cheaper for the govt to bail out/buyout SOHO than let it fold.
I have lived in supported/vulnerable 'housing' - I once was homeless. And 30 years ago, I lived in a divided up room, that was no bigger than a prison cell, and the cost then was £300 a week. Therin is the reason why with a couple of years patience your losses will be eradicated. The lack of govt provision, the elevated and guarenteed levels for vulnerable people, for those filling that provision is guarenteed by political necessity, mean that any provider, SOHO or otherwise, that provides ANYTHING that is more than than still prevalent almost communal cell size 'home' will thrive.
SOHO aren't brilliant, don't provide what I personally feel should be provided, but their offering, is like a Malibu beachfront apartment in comparison to the provision that is currently available. In that disparity is both growth, and profit, and growth in profit. Hold tight, SOHO will set you alight.
A well reasoned post Damo....
I've recently bought in here, having watched for a while. I'm generally a value/yield investor, and a hold and forget kind of investor. Take me time, do my research, and wait for my often contrarian views to realise.
I have a very deep and personal understanding of supported/vulnerable housing, and this shouts bargain currently.
Whilst, personally these type of stocks aren't perfect, to me, in how as a society we make housing provision for those vulnerable, with supported needs, homeless etc they are filling a gulf of a gap, and as such have protected qualities.
I see much here on concerns, in the current uncertain inflationary times as to property / NAV realisation, dropping, but on a long term view that is to misread the value of the supported (rental) income. In the short to medium term, a 20% drop in housing prices wouldn't negate the security of the income (source). It would need a housing crash to precipitate a failure of SOHO that I see some suggesting here. Yes, the rent defaults are a concern, but in the long term, the need has not changed/diminshed, and a short term hit will be quickly replaced by new tenants/income.
For me the fundamental driver of my investment, belief is economics. If we take that the state would pay the cost of a low income/unemployed weekly rent capped at £100, for those in vulnerable/need categories that rent would be capped at £200 whereas there being in supported housing (care home/mental ward) would be costing £400. There is a shortage of provision/availability in all those areas, hence SOHO sitting in a sweet spot where they are generating healthy secured rentals yet covering over the cracks of govt provision/direction whilst saving them a fortune.
Property prices will rebound through their mortgaged costs, whilst all the time, the need for SOHO'S offering will grow.
And their reduced cost to govt, their improved quality of provision against say that by the Salvation Army/private individual profiteering local operations of £48 a night in a Northern town will always provide tenants, provide security of predominantly enhanced rents, and profit.
Falconer, property prices are falling and probably will continue to do so for the foreseeable with a further rate rise being touted. That means the NAV here will fall - not good.
In the usa yesterday, reits were downgraded, same time it was released, we took a hit, 88.9% rents paid on time to soho, no need for us to take a drop, but as all things some big buys went thru mm, s books.
Regional REIT has had bad results today and cut its dividend. That's probably the reason for the SOHO drop - especially the day before ex-divi.
So seems with ex divi wens day, MMs dropped it early unless was it ex divi today, best watch for a rns then,
I've dry powder ready for wens day ex divi drop looks like my next buys 4p cheaper.
Bit strange on 37 trades at present such a weird sp. Or who they letting in, fgs best not be a skeleton leaping out cupboard.
As before I getting £7000 dividend every 3 months and another 27 yrs before I retire. So still happy days for me, begging for sub 47p hope not tho but markets go up down down up..
As long as the dividends keep coming I'll keep buying.
Reason BR sold, not just this share, BR board as just OK, d that there merging loads of there funds in to a lower number, think it said 12 funds being merged in to 4.
All the selling was for Re balancing the said portfolios.
Nothing else.. So 1 in 1 out.
I get £7000 divi every 3 month.
Sound company ripe for TO.
JPP.....Think we all feel your pain I know I do if you saw my losses on LLOY,VOD,AV,LGEN amongst others it would make your hair go curly.....It's only a paper loss if I sell I would lose a load of money, Am planning on retiring next next year hold a hefty amount in isa's to supplement my pension, all divi's are reinvested......I did venture into the AIM once you can make a lot but you can lose alot my advice is stick clear of that.....
Difference between this and bitcoin is that triple point owns actual properties that people live in whereas bitcoin is just a number that nobody actually needs.
I was replying to hopeful118 with that bitcoin quip, sotonspike. I don't touch it either, this is just a hoax for NEETs spending too much time on their computer. I can feel you are a good guy and an older shareholder like me. Truth is, I put my money into this stock because I figured it should be stable and a good thing to help provide shelter to these intellectually challenged persons as nobody care for them otherwise. A real win/win deal. Little did I know I would be taken for a ride. I get sick in my stomach just looking at my stocks.
JPP...Not sure if your last message was aimed at me? Anyway if you hold 20000 of these that will give you well over £1000 in dividends each year...If you sold up you would not get that return from a bank or any where else without more risk,,,As for Bitcoin wouldn't touch it with barge pole my reason it seems like the Emperor's cloths to me....Sure some bright spark will tell me that Bitcoin is the best thing since sliced bread...Each to there own I guess....
"If you can’t stomach 50% declines in your investment, you will get the mediocre returns you deserve"
Charlie Munger
You've lost based on the valuation but the company is still doing fine and therefore I see no reason to sell. Selling now just locks in the loss.
Sure, just lost half my money in 2 years, and the dividends on what I sold would barely pay for an evening out with the missus. Are you a bitcoin investor?