Member Info for ALiverpoolgent

Good afternoon all. I've been looking at the a/cs this afternoon. The assets should have been managed more prudently in my opinion. The fat dividend needs to be cut. What's wrong with cutting it by a third immediately? If the share price dropped you'd be looking at a share yielding, a presumably sustainable and hopefully growing, c7% plus at a discount to NAV with an amended and hopefully successful new investment strategy (though a bit more detail on that would have been useful to have). Not ideal for present holders, that's for sure (I am one)! Is there an alternative though?

I see some directors are receiving salary increases which seems inappropriate. I will be voting against them! ALg.

I too think there's potential. Potentially rather a lot. I think it would be very useful to know what is the present valuation of the Russian holdings. I wonder if anyone has attempted calculating it and, if they have, would they kindly share their findings (and their methodology) with us?

I note the fairly recent purchase of 5% of JEMA's shares by the Camac Fund, an American investor. They also, perhaps, see potential.

I should like the directors own a few more shares and wonder why they don't. Can they not see the potential? I looked back to the start of the year and they had not bought any more shares than revealed in the last annual accounts?

ALgent.

Good evening. The question I ask myself is what chance is there of the Russian shares in JEMA's portfolio being valued higher and when? I'd have thought there was a very good chance of the former. As to the latter I have no idea.

I doubt that JEMA would dare to sell them off cheaply. The shareholders would be very annoyed indeed if they did that. They must, therefore, hold on to them and wait. There is of course the possibilty that the Russian state at some point forces a sale or somehow makes it difficult to hold the shares.

It's an interesting situation and I would welcome some discourse on it. ALg.

Afternoon Pvdave. I also had to transfer my Poly shares from my ii ISA to certificated form. I cannot say I was too pleased about it at all. I concur with you on dividends. As far as I can see from the company paperwork the dividends will be credited to my UK bank account. If anyone has a contrary view could they please advise me. Another element is whether or not the dividends will be taxed before receipt by shareholders. I have yet to sort that point out. Fingers crossed they are paid gross. ALg.