Rm Infra Inc Share Price (RMII)

I've bought a load more @ 73p. With those two big loans in special measures redeemed, it's starting to look like a one-way bet. Given 29% of the MCAP is cash, the discount on the actual loan book is considerably more than the discount on the trust as a whole.

Hi. I bought a chunk of this on Friday. I had some spare investment cash (after taking profits on something else), and I thought this was a good place to park the money for a while. Should do much better than bonds of equivalent duration and risk, since on top of the loan interest we're getting the benefit of redeeming the discount to NAV within a year (on average). The risk, I suppose, is that the borrowers turn out to be more flaky than the managers have estimated, especially if the economy craters within the next year. However, I think I'm right in saying that the loans are secured, so most of the money should be recovered eventually, even if the borrowers go bust. I think that limits the risk.

Average term on remaining loans of less than 1y. I think we will get a few more divis and an exit close to NAV. Risk/reward looks good at this level. Clearly very little interest. Management have been very good at keeping shareholders informed

I bought some more this morning. 17% discount to NAV (the level the tender was at). Internal yield of 12% and

Now that the tender money has come through the sp has drifted lower. Are the tender funds worth reinvesting at these levels?