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Thanks for your insight here. I originally invested along with SSIF,BCPT,SREI etc for the monthly divs and as far as I can see only one currently behaving itself but I’ve added more in all as I share your penchant for regular income and would like to think they’ll all come back at some point. Interesting you’ve also got Hadrians Wall as I got some dosh from them the other day although I haven’t added there to date.
On topic it’s quite a complex set of investments and I have to say the 73 page recent report was hard going!
Saw a snippet of an AD plant on ‘Inside the factory’ on tv recently(I think it was the Cornish pasty one) and the concept of producing clean energy from waste is certainly on the money these days.
I read somewhere that JLEN had invested in a plant recently but don’t think it was one of ‘ours’ but reassuring nonetheless as they’re well known and respected.
When you read into it they seem to have a lot more going for them and fingers in lots of pies.
My only thought is there’s still a big seller lurking which is hammering the SP but if and when the overhang clears then hopefully that discount to nav will reduce somewhat?
It always seems bizarre to me when we all know the SP will rise once the seller clears including the seller,so why does the seller keep selling as no one else would if they knew the price will pop back up when they’ve sold!
Thanks for sharing your views jamesmaggs. Strangely enough my broker won't allow investment in SSIF or SREI. They are among around 20 such companies on my quarterly/monthly dividend payers who are "not allowed", without any reasons ever given.
Yes I saw the "cornish pasty" programme. Although I don't know much about AD, my interest was stirred in the subject because 50 odd years ago my father was a clerk-of-works, and a couple of his projects were new sewage work builds. He used to often dump me at a laboratory in school holidays where they experimented on the bacteria, gasses and by-products. Wish I had got into that game at such an early stage, unfortunately I blew my school chemistry lab up, so wasn't encouraged to progress down those lines.
I made some initial notes from the SQN report that their top ten investments/loans were 1,3,4,7 AD Plants, and 5 was Suniva. So they definitely need sorting. No. 2 was a "diversified portfolio", then Glass manufacturing, Combined Heat and Power, Marine vessels, and paper mills.
I want to get back to read about the rest, which were another 6 AD plants, 4 IT and telecom, a Mobile modular, 2 Hospital investments, Lending, Remote Vehicles, Helicopter, Construction equipment, and 3 wind turbine investments. So there is plenty to go at if the company is put into wind-down.
As for the buys and sells, I am puzzled - my 4000 buy at around 2.56pm on Friday was the lowest price of the day up to that point - and it was a buy. There seems to be plenty of trades continuing today.
I'm sitting on what cash I have left until we get another big fall. I got a few amazing deals on 18th and 23rd.March, way below the prices shown at the time. Next time I'll be ready !