Member Info for cgmcgm

This time you seem to have called it right!

Or does someone know something about next week's results that we don't?

I have shares through two nominees. One told me in time, the other didn't. As you say, not easy for the small investor to get the £1.40 per share profit that anyone who participated in the sale will have banked.

What is in it for Saba? Is it to increase their size and get more management fees?

They say the company has underperformed its benchmark. It has, but the benchmark covers all kinds of companies, and the environmentally responsible companies that IEM specialises in have been out of favour for years. That suggests Saba want to buy shares in such companies while they are cheap, and ride the recovery when it comes. But if they have control, they could invest in the types of businesses other IEM investors are actively avoiding.

Anyone able to shed any light?

PS: I see that the share price is 3.5 times what it was when the last message was posted on this board in 2010. That's not too bad!

For me 4% enough for a single company. More for trusts. YMMV.

Turns out I sold a few near the top, though I only sold because it was becoming too high a % of my portfolio. Tempted to buy back if it goes any lower.

They haven't turned their back on the North Sea. They've just decided to fill it with wind turbines instead of oil rigs.

Is now the time?

Agreed. Have bought more. If I end up with egg on the face, it won't be the first time!

Inclined to agree. Just bought back a few I sold last May.

Depends - you can get solar tiles that look like slates and can be used instead - and it's hard to see how roofs of industrial units could be any uglier.

''if total energy consumption in 2050 remains about the same but has become 100 per cent electricity, the electricity market will need to have grown by eight times.''

That sounds about right, allowing for conversion of gas and oil heating, and road transport.

However, a lot of electricity could be generated (and if necessary stored) on the sites where it is consumed, greatly reducing the need for long-distance transmission of power.

Think onshore wind in ports, solar on virtually every roof that points the right way, and geothermal and micro-hydro where available.

Apparently German householders are buying small solar panels in large numbers, to the tune of 8GW so far, taking the base-load of their homes much of the time. With the mildest of government incentives, people here would too.

Not much power per roof, times tens of millions of roofs, equals lots of power.

Why such a deep discount? Do the underwriters know something we don't?

Lucky enough to buy some at 221 four weeks ago - just sold 2/3 of them for almost same money. Got plenty left.

Aware that this time last year price rose over 300 and then declined again.

I hope that doesn't happen again, but at least some profit is locked in if it does!

First return of cash to investors, just announced, is at 50% over these prices.

Trades at 504 are buys - at least one is - looks good value compared to quoted 520.

Been invested for some years. Seems an encouragingly boring stock.

A 55 million write-off seems to have reduced the company value by at least double that. The discount to NAV suggests more bad news is expected - but in this business there are bound to be losers as well as winners.

I'm in the 2nd category, and bought some today.

So probably it will go down some more.

But I can't believe it's not oversold.

We can hope!