Member Info for Damienmoore

Trek, "divi hiking gem!" Where are you getting your information? During 2019/20 as a shareholder I received 6.652 pence per share. After 6 years I am receiving 6 pence per share. This REIT has significantly reduced my income-on-investment in real terms, having failed to keep pace with inflation, and whilst the management are good at positive talk, I am beginning to lose my patience. So much talk of occupier demand and "reversionary yield", but so little delivery where it matters - the dividend. All the while the manager has done exceptionally well on their fees.

The depressed share price in combination with healthy realisation proceeds means that the market sees limited value in both the manager and private equity, despite the good news. If there is enough cash flow to extend the share buyback programme, the argument follows that there will be enough realisation momentum to return all capital to shareholders over time and close the company. I believe this will be an option currently being discussed by the board. Partners have taken high fees, but has failed to deliver commensurate performance. It's not good enough, and calling time is a valid option.

Same here, Gerry, I hope I am not right because I currently hold at a price of around 72p. However, I was expecting this turn in to at least a "better news story" and I have come to realise that the better news may take years to materialise.

Getting closer to £3. Slowly but surely.

Well done Gerry, you've come on board after a severe price drop. You've locked in a great yield and discount to NAV.

VERY VERY impressed with Peter McKellar, who takes his duties as chairman very seriously. Today he has had no reservations in pointing out that 5 year performance has been disappointing and for this reason the board is assessing options for value delivery to long term shareholders. The previous chairman, in my opinion, was not nearly as judicious. It's great to see a proper chairman at work, doing as he should, acting for shareholder interests.

I'll wait for 40p for my top up.

DOGSINBRAZIL, another dramatic SP drop since my comment earlier today. Bobjackson, with regards to your question "what planet are you on?". My answer is planet reality.

DOGSINBRAZIL, Thank you for your question. It's impossible to know when the share price will hit my target of £3. However, now that the share price has hit a 13 year low, it could be within the next 12 months. I may settle for £3.30 if there is some evidence of valuation declines abating.

A good year for Aberdeen equity income with decent capital growth, yet still has a 6% yield even at today's share price.

This has been a good one over 5 years. Up 40% in capital terms + all those very useful dividends. Still on a 5%+ yield, too, even at today's share price. Will continue to hold.

Dalesflyer, it doesn't work like that. LTI will tell you that, even though there's evidence to the contrary, he has made a fortune on paypoint. He'll say that he first bought the shares in the distant past and made a fortune, selling them on peaks, buying in troughs. On the CLS Holidings boards he says he has made fortunes-upon-fortunes, but when you look at all his historic but declarations, he's been buying the shares all the way down. The man's a complete numpty and he thinks that being aggressive makes his reality different. He probably attends remembrance day parades wearing a uniform and medals he bought from a charity shop. Deluded.

OptimistRiley, sorry but no. Bottom will be around £4.

Thank you Hamish Mair for managing this fund with such care and diligence over the years. A true man of integrity. Enjoy your retirement sir, knowing you are part of a small group of exceptional people. I was a young chap when I first invested. I am now a older man, with more wealth! Thank you.

Come on Saba, get on this! This is a poorly performing sub-scale trust on a discount. Put the poor dog out of its misery and send the old boys club on their way.

NalaKapala1, Get used to it. You can't expect capital growth from an investment trust paying a large yield from capital. Gains are lost from options that limit upside. Gains are lost from fund churn. Get used to it.

Come on Saba, where the heck are you?? We need this fund wound up and Janus Henderson sent to hell to live with all the other thieves.

Senator1, it's very rare I read posts like yours. Factual, eloquent, and untainted by wishful thinking. The whole listed renewables sector is a cesspit of greed, obfuscation, and conflicts of interest. Who is it left holding the loses when it unravels? Who will be the real winners? We already know.

Guitarsola, your analysis is on the nail. I have never seen such a deluded report from a CEO in my investing lifetime:

> "Improved Average Rent: £12.83 per sq ft (FY25: £12.93 per sq ft)" - What??? The average rent has gone down. How it this an improvement?

> "The successful integration of Capital & Regional has enhanced the scale of our business and delivered immediate operational and financial benefits" - What??? UFFO per share is down from 3.7p to 3.3p per share. This is an 11% decline. How is this success?

> "Strong leasing momentum" - occucupancy is down to 95.3% vs 96.1% at 31 March 2025. WTF ??? How is this stong leasing momentum?

The UFFO per share decline is also going to mean the dividend fo the full year probably won't exceed 6p per share, down from 6.5p per share. How does this delusional car salesman still have his job? It really does beggar belief - he's been getting tips from John Swinney on how to distort reality.

LTI, Hopefully it will pay off for you and others who have been brave enough to buy below £1. I bought at 71p.