Member Info for AllAtSea

Bear in mind this:

"British insurer Aviva on Thursday said it planned to change the way it pays dividends as part of efforts to cut debt, taking the shine off in-line full-year earnings and sending its shares lower.

Aviva, ..said it would move from a fixed payout ratio to a progressive dividend linked to underlying growth, giving the board more flexibility to make adjustments."

As they say, past performance no guide to the future.

Political? It looks as if 5G is going to be a hot potato thanks to the US vs whoever. FoMoCo has its skeletons in the cupboard when it comes to politics too. Pinch of salt time?

But taking the narrow view I guess it's good for SEE!

You could be right but I like to take profits now and then. Just so's they are in the account and not imaginary!

And this stock does strange things itself.

My experience tells me that if there is a law then I am not a lawyer.

Just enjoy the divi on this one and if you can buy it cheaper don't look it in the mouth. As far as growth goes, it's a long shot on form to date.

Me out at £15.97. There'll be chance to get back in later.. Or go elsewhere. I like having a bit of cash right now.

I am not losing money with the Pru, I made money by selling up.

The split disturbed me and I sold up at a convenient time. I now have a stake in both AV. and LGEN much of which I bought in January.

BBD is right - that's why I sold up when I did. I may buy in again at some point but I still don't like the split in the shorter term.

I don't expect to get back in for many months.

"Can AHT service its debt comfortably?
Since total debt levels have outpaced equities, AHT is a highly leveraged company. This is not unusual for mid-caps as debt tends to be a cheaper and faster source of funding for some businesses. We can check to see whether AHT is able to meet its debt obligations by looking at the net interest coverage ratio. A company generating earnings before interest and tax (EBIT) at least three times its net interest payments is considered financially sound. In AHT’s, case, the ratio of 8.85x suggests that interest is appropriately covered, which means that debtors may be willing to loan the company more money, giving AHT ample headroom to grow its debt facilities."

Debt not all bad?

There's nothing to stop them doing that other than the market forces and the time value of money.

If you are promised £10 tomorrow (the day before the dividend date) that is worth more than £10 in 6 months (the day after the dividend date).

Many, many other factors apply to shares so it doesn't always pan out like that. Who knows, if you adopted that strategy across the board it might work!

..I made the suggestion that it would be in the interests of some to reduce the sp of this company.

It was about the time Jack Boyer came on board and I remembered the takeover of Stadium by TT Electronics. Some time before it happened SDMs sp crashed somewhat after they issued a kind of warning about supply issues - ISTR capacitors were mentioned.

Some time after the fall, it was announced that a deal had been struck and shareholders would be given a premium for their shares more or less making up for the drop. In other words TTG paid for SDM roughly the price before the announcement, avoiding an inflated valuation, shall we say.

Mr Boyer is still a non-exec of TTG as he is of SEE. On its own SEE is has very limited potential in my view and if the sp is a guide, I am not alone. As part of TTG (in which I have a much larger stake than in SEE) it might do very considerably better. One thing is for sure, Jack Boyer is a very smart operator who I cannot see staying with a sinking ship.

If your name is Rupert then you may well be a bit bearish. IGMC

If the product is good (seems to be) what's left to blame other than the management?

If someone had nearly £1m shares and sold them, that could be a big loss for them. In their shoes it would have been a last resort for me; before that I would have engaged with the management and asked WTF they are playing at. Clearly if they did then the answer was unsatisfactory or merely a brush-off. e.g.:

"I received an answer by the chairman, but to be honest it is not really worth posting. More some kind of polite and standard statement. "

For the record I am neutral on Tulloch.

Look back over Aviva discussions and you will see that I follow the view that Aviva's problem is the board and Montague, not it's recent CEO Wilson.

My concern is that they regard Tulloch as a yes-man which Wilson was not.

After y'day when I blew my spare cash on Aviva am in the same boat.

Tulloch maybe a time-served insider, but that could be a plus in that he has watched the company drift and stagnate first hand. If he has anything about him he must have thought of alternative strategies that he'd have chosen.

Well now is his big break if the board don't stifle him.

Took the plunge and topped up. What can possibly go wrong?

"I wish I had more money to buy in."

I have, I may well do so soon.

..and as usual, very little useful information.

Percentagewise never had a share that's been ramped so hard for so long and travelled so far in the opposite direction.

Sorry for those who have a lot riding on this, I agree with Safestocks: we need bidders for whole company.

I'd suggest that the recent tragedies involving the Boeing 737 Max 8 will confirm the value of having a well trained, alert pilot in the cockpit for some time to come. SEE obviously plays a part in that regard.

https://qz.com/1576597/off-duty-pilot-saved-lion-airs-737-max-the-day-before-its-fatal-flight/

Oh well, it seems I have been beaten to it by the bigger Brexit fish:
The Disaster Capitalism Club Part 1: Vote Leave Backers Who Made Billions from Brexit
https://bylinetimes.com/2019/03/13/the-disaster-capitalism-club-vote-leave-backers-who-made-billions-from-brexit/

The Disaster Capitalism Club Part 2: Sir Paul Marshall and Michael Gove
https://bylinetimes.com/2019/03/18/the-disaster-capitalism-club-part-2-sir-paul-marshall-and-michael-gove/

That's the way to do it! What do we know about making money?

Have been searching for the means whereby I can cash in on the brexit dividend. It's a tough one as no one seems to know what will happen after March 29. In fact no one knows if anything will happen on March 29. My warehouse shares have come good and some tech stuff. Also traded sterling after it strengthened.

Now I have this idea for starting a fund that will buy up land straddling the Irish border. Anywhere that lends itself to being made into a golf course would be double bonus.

Could be a good chance to use some of next year's ISA allowance. April seems a long way off! What a difference a few weeks can make..