Member Info for andsoforth

Hi CSDI and a Happy New Year!
Great minds think alike, and fools never differ! I took a starter in NG. too. As you say, a decent dividend and some chance of capital appreciation. Many moons ago I had to decide between CNA and NG. as an investment and plumped for ...CNA! Oh well! I am now away from here entirely, and when my cash arrives at the end of the month for my UCG I will be back to 30% cash again. Nothing strikes me as particularly cheap at the moment. I am considering MNZS, as the update yesterday was sound, but the prices seems to constantly slip back due to a seller. No divi at the mo, but a sound business that is benefitting from leaving the EU by way of air cargo handling, and which will come out the far side of the virus a leaner and more efficient company. I like CNC as well. A good wee business, and my brother formerly worked there. However the price has gotten away from me somewhat, and the spread is horrible. Have you deployed any more cash at all? I would very much like to develop another income stream. All the best A

Much more important is today's trading statement. Liquidnet figures consist only of revenue, so there is obviously no profit there. Raising funds to take this seems rather dubious to me.

Thank you, and all the very best for 2021.

Good luck for the New Year!
I hold RDSB for the divi, and would add if there is another flap. Jim Slater has said he expects to see increased takeover activity this coming year, so IMB may be a hold on those grounds. I have spent 5% of my cash taking tiny holdings in quite speculative numbers (inc VLG and SIG) but I will hold my fire for now. To be honest I would love to increase my holdings in Prefs, but they are all at wild prices. That is, I think, a sign of underlying uncertainty. Hold on tight!

It should be here:

http://www.goldplat.com/downloads

But it isn't! Very poor job again!!

Hi again CSDI
I actually sold half my holding yesterday, taking advantage of that rise. You have well and truly put the willies up me regarding this! And I have definitely added to my own paranoia by being forced to put my thoughts down on this screen. It was a loss, but a small one.
With other events over the day I am now 30% cash, a very unusual situation for me. I would need to place two thirds of this for income, so I will be keeping my eyes open, and hoping for a general market decline. Good luck my friend.
A

I hate to take a loss, and that has been my downfall all too often. But I will stick around here for a little bit longer, perhaps more in hope than expectation!

Hi again CSDI
I can see the price here falling to a previous low. In 2009 it hit 37, and in this year's flap the lowest close was 27. It could see sub 40 then. As you say, that is a healthy loss, and hard to recover. You are making me think again about this!
I must admit I like SUPR. I was sceptical when it started, but they have built a good portfolio in what has proved to be a resilient sector. Having said that, property has burned me before, and may well do again.
A few years back I read an article by a guy who had spent forty years investing, and had only ever bought shares in insurance firms. He reckoned he had had an annual return in excess of 12%. Maybe we should look in this direction?

Hi again CSDI
Thank you for your kind comments, and I hope the holidays have been kind to you. I am afraid my crises will never end!!
I like IMB and formerly held. I sold out too early, largely only selling because I increased my BATS holding. I can see IMB being taken over in the next year or two, perhaps by Scandanavian.
I looked at VIN, but they seem to hold a lot of properties that may struggle. There is a holiday park, and pubs and hotels in there. That one is not for me. I sold SWEF recently on the same grounds.
We must see a further price drop here at NCYF, but I hope to hold long enough for this to become irrelevant. It will either rise again, or I will recoup my losses in dividends.
All the best
A

Apologies again. Regarding NCYF directly, I think the dividend may well be halved, but that will still leave a yield of nearly 5%: quite respectable. More importantly it will raise the cover and make the payout sustainable. I intend to sit tight, as my holding is small (1% of portfolio), and I am here for the long haul. If I see a startling opportunity elsewhere I will go, but at the moment they may be few and far between.

Hi CSDI
Apologies for the tardy reply. Domestic crises have emerged here! I have my portfolio divided into two: half in growth and half for income. I actually dumped all my funds a few years back, except this one, and split my income money between equities and preference shares. I got really stung by having too much in REITs, notably INTU! My income now comes from NTEA, RSAB, AV., RDSB, BATS, BBOX, REC, LLOY (whoops!), HICL, CNA (double whoops!), BARC, LGEN and NG.. These are given in size order, from largest down. I have an eye on GSK and CEY. Moving out of funds arguably has more risks, but also presents more opportunities.
I think any debt fund may be struggling in the short to medium term, as may any offeror of credit. That includes SUS and all the sub-prime lenders, who could be in for a very hard time. Sorry not to be much help.
(Given the economic climate, is BEG of any interest? I took a tiny amount of these a few weeks back).
All the best
A

The debt default rate is not a problem. The interest rates set are high enough to cover this. More importantly their current income stream from high interest loans needs to be renewed as the exist loans mature. This will be difficult in what may well be an extended low interest rate period. The RNS of 20 March and the QuotedData note of 30 June both suggest we will see a reduction in yield to allow greater coverage.

I hold here under almost identical conditions to you, and will continue to hold for now. However, a cut is coming and a further reduction in price will follow.

Tender offer at 6.2p. Better than OCT!!!!!!

How likely is the approval of delisting? Very. In fact, certain. They had 53% before today. They will have picked up the rest needed today, and will take more tomorrow. They will then also be able to force the remaining shareholders (us) to eventually sell up at about 0.9p a share.
I only realised last Thursday that Lenigas was a NED here, and had decided to sell as a result. Unfortunately I couldn't get a price on Friday. This may be why! We have been well and truly had.

Thanks Bilbo.

Honest question CAR3Y, are you happy to hold shares in an unlisted, private company? (I am reluctant to sell my holding, but am very unsure about the future here).

My earlier post seems to have been deleted.

UrabnTripper congratulations on sussing this one out. Appalling action here. Impossible to sell now.

SAA still have a lot of messes to clear up. There are also those put options that promise a 25%+ dilution at some time in the future. SAA and SFOR are very different fish, and a comparison is not truly valid on these grounds. However, in the longer term I would prefer to (and indeed do) have my money here than with Sir Martin. The potential for improvement, as well as the ability to grow profitably, can be seen more clearly here.

They have given over their tools division in exchange for a minority holding (23.%5) in Rival Downhole in the US. They are swapping a $1m annual loss for a quarter of a combined business that will now have revenues of $24m, and big venture capital backing. Should be interesting in the long term.

https://www.investegate.co.uk/hunting-plc--htg-/rns/asset-divestment-and-equity-investment/202012151420017491I/