Firering Strategic Minerals: From explorer to producer. Watch the video here.
To generate an attractive total return for shareholders consisting of dividend income and capital growth through investments in specialty lending opportunities.
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Market hasn't made much of it?
broomtree
So no answer then?
broomtree
So no answer then?
Totally agree @broomtree I blocked him for a while, but i missed him so much. Far better to say nothing, just sit back and smile.
Yip your the reason I avoid comment lol don’t like what you hear and turn up the insults and cussing. It’s sad really but there you go will leave you in you’re small world of make belief
Also all the fall in NAV has to do with the unlisted shares in fintechs.
How or who are they going to sell them to?
ScandiExpat
Considerably longer than 6 months. I got the impression of 2 years.
The reduction in capital was entirely to do with fintechs being marked down by the markets and nothing to do with there loans. Hence irrelevant. As stated last December they were charging 10.5% and now they are charging 13.2%. A reasonable assumption dividends are set to rise. There are plenty of others with much worse performance, not that a 76% total return over 5years is poor. In fact it's the top of its sector.
Alas there will always be people like broomhead who will think short-term and are unable to grasp that a reliable 10% a year beats most other investments in the value sector.
Such a silly man.
I suppose it depends where are in your investment cycle - yes the divi has been great and consistent through COVID and the aftermath but this year a 10% divi with 9% reduction in capital to someone in drawdown is simply marking time
SD - I will also vote against it but no doubt the short term demanding big boys will win out.
I have been happy to collect the 10% dividend for several years, and don't see the advantage of just getting a bit £ more quickly at the expense of continuity. With this size dividend I never really expected the share price to increase and don't care about the discount to NAV - tortoise wins for me please!
Approximately how long would this type of wind down take? 6 months?
Whitelye, I have owned them for about 18 months and have been positively surprised about their quarterly information sessions. So much better than other REITs. Their portfolio team is quite young but I suspect they get good investment policy
guidelines from management. It feels a lot more solid than others I own (such as RGL and RLE).
Not as good as VSL.
Anyway no certainty it will be passed and I won't be voting for it. Bastard's
I tend not to comment much on these boards as people seem to be a bit thin skinned, there was no intent to be ‘snide’ but hey it matters not after RNS - this will take a while to wind down and it will do so at a reduced discount so I’m fine with that personally; recoup capital and get a good divi, what’s not to like. At the moment there’s lots of good value payers out there
broomtree
I have done option of 25% sale. Still disappearing up its own ****.
Bit of snide way of putting it.
I note that a lot are rising in the debt-direct lending sector.
Up 6% on vpc. Multiple purcase over the last 2 month
Riverstone credit in profit, just but only had it a week.
Possible next purchase BioPharma but need to work out how long they will take to capture interest rate rises.
VPC Floating rate loans, hence immediately.
Riverstone 2 year loans quickly.
I hold AEWU and they have always been a reliable payer and a very good company for communicating with shareholders.
AEWU (8.25). UK REIT's may be attractive due to relatively low and secured debt, reliable rental income and perhaps presently trades at discount due to uncertainty in real estate markets.
RGL 10.9%
CSH 9.6%
This might be great for a couple of institutions looking to recover some of their losses before year-end but it's a sad day for the (forgotten) small investor. This was looking like one of the safest 10% divi payers on the market. I suspect there may be others looking at the same option.
DEC diversified energy and i3e.... quarterly and monthly divis
Have a look at Phoenix (8.00%), MNG (9.80%), RECI (9.23%) might be worth investigating.
Diversified oil and gas.
I hoped to have 10% dividend for a long term steady investment. This is the 2nd time this looks to be derailed in favour of capital gain. Where else can I get 10%?
Proposed managed wind down of Vpc. Details in RNS. Interesting times ahead.