Member Info for AndyOJ2

still no KID at HL. Very annoying

finally got mine paid into HL. Still KID problems

Anyone had their redemption money in yet? 14th was the day I think

Did they say they were going to fix it?

It looks like because the share has a new registration number HL have not put the KID together with the share. So their system says it cannot be sold. They need to put the KID (key information doc) next to the right share so that you can buy it. Sloppy

Yes I’m with HL - maybe that’s why I can’t see anything! Let’s see if I can break your 19 day record

Mine are not showing up in my account at all. Will they stay out until 14th March?

I guess the NAV per share has jumped nicely now - the 28m is small in comparison to the NAV but a 12.5% reduction in shares is significant. Fascinated to see what NAV / share calc is when the dust settles and the aircraft are revalued

Thanks for pulling all that together in such a format. Very useful!

Thanks RKB - have pinged you

In fact you will get a higher yield than now as while they are reducing shares by 1/8th they are increasing dividends by 1/6th. Cheers all round!

Just a small precision. The dividend is being increased to 1.75p and not 1.7p, That means the annual is 7p not 6.8p. So the actual return is a bit higher than you are calculating RKBeekeeper.

I think it was binary. Either it was going to fail (because the airlines would fail) or the share was (and still is) wildly undervalued. It has yield of >15%, a massive discount to NAV and shareholder activists who want more. They have two customers, both of whom are paying and on a very good trajectory. I expect this will hit 64 - 70p and sit there yielding nicely. This was a genuinely mispriced share given the improvement in the situation of their key customers. Still upside possibility in related shares (Dna2 and 3). But I waded in here when I saw that dna2 had gapped up and aa4 had not followed far enough

I went a bit wild on these between Nov and last week. I just could not really see a down side. So today has been amazing. I have a dividend chasing strategy and either a stupid high yield means a company is going down or the company is undervalued. In this case (as per DNA 1 - 3) the company was valued as if travel was stopping and yet the two lessor companies have full aircraft. I still expect more from this share but am at my limit in terms of portfolio concentration as a result. I will hold at this price but reinvest dividends and the buy back in other things now. But happy days!

But there should be quite some more to come.....

https://www.wsj.com/articles/boeings-delays-could-give-airbuss-a380-an-active-retirement-11672690947

Onwards and upwards

Nice write up

Nice article in Wall Street Journal about Dna family

It has tremendous upside potential and yields 15%+ along the way. same for DNA2 and I'm liking AA4 as well. This sector is rerating