Another share gone from my LT dividend portfolio27 May 2025 13:19
Having decided that I am getting to old to bother with short term trade anymore, I started to move most funds to good dividend paying shares for long term hold preferably in companies, trusts etc trading at near NAV (if SP above) or at a discount to NAV (preferable). Having spent considerable hours doing research and then investing (here avg low 50's) I now find around a third of my investments are being bought up or are being wound up and assets sold. Whilst this has been great for my capital growth in the last few months it now leaves me with even more funds to place into even less targets. I am overweight already in renewables (unless another of them winds up), though topping up of a share mentioned in someone's earlier post looks tempting,
ENRG has further upside potential as still way below NAV, a couple of asset sales near NAV or above would provide a good boost as it could affirm the accuracy of the NAV. The downside is if any assets go well below NAV it will call into question the overall asset realisation at near NAV. Looking at the fees to be paid out for successful asset disposal looks to me like the best we can hope for is around 80% NAV is that a fair assumption?
As always DYOR