Member Info for Damienmoore

Yet another reporting period of NAV decline; 4% over 6 months. It's just a slow drip, drip, drip erosion of shareholder capital. Death by a thousand cuts that will eventually leave pensioners, relying on the income, without the ability to pay for their electricity. Ironic, but not funny.

And there we have a new 15 year low today. Painful.

Fair play to Inglis for his 50k purchase today. I would also note that he has suffered with shareholders and has lost a significant amount of his own personal wealth as a long term shareholder with a meaningful holding.

In 2025 office leasing activity in Central London is 16% above the long term average. There is a lack of supply of quality properties.

https://www.savills.co.uk/research_articles/229130/379672-0

Anyone buying here now will have no regrets in 2/3 years time.

SlipDoom, not undervalued yet. Further to fall.

NicName, It will happen. I will get them for £3, though I mean no disrespect to current holders. I believe in the business but I'll be delighted to get the shares for £3.

Hghotshot, for the sake of friendship I will answer your question. Dividend cover will be reduced and dividends will not increase at the same rate they have done. Further, as the years roll on investors will realise that the company's dividends will be materially reduced when subsidies end and old assets are expected to magically produce efficiencies to mitigate the shortfall. Some investors will then realise that when asset managers use fancy phrases such as "accretive asset management", they should be very judicious. FGEN will be 55p within 24 months.

I would advise investors to be very careful here. This REIT possesses all the pre-conditions for LSE delisting and re-listing on TISE. It's a horrible trend that hurts private investors to the benefit of management.

Good call SilverKnight, just about to hit £1 and a 10% yield. Your crystal ball is on fire!

Hghotshot & TheTrotsky, be friends, please. You have both made very eloquent and intelligent comments and it was me who changed the subject, TBH. If you would please indulge me further, hghotshot - I am not a conspiracy theorist about financial vehicles designed to to benefit only those who manage the money. Take a look at the mess of aircraft leasing listed vehicles. These were sold to investors on the promise of high income and a capital return once the aircraft asset/s were sold. But of course the asset value assumptions have turned out to be pie-in-the-sky. Shareholders received their income from operators like Emirates, but didn't receive the capital returm promised. With large capital losses, these vehicles paid dividends but the large capital losses meant that theses instruments have been nothing but capital return vehicles. The same things has happened with "asset backed" finance investment companies.

We will never agree, but it won't hurt you to understand an opposing view, which is that this company doesn't have a clear (or transparent at least) plan of how they will get the capital/money to keep these assets in a revenue producing state indefinitely. 1.3x dividend cover does not cut it, and remember that when the music stops it is not the asset manager holding the losses. They've already milked the cow before it got old.

Can't wait to get these at £3 and lock in a nice yield.

hghotshot, what? this is supposed to be an income investment. why would a holder reinvest the dividends? you just said that to defend your mistake. the "selling point" for these funds has been "predictable income". my contention is that this "predictable income" will die a death by the forces of subsidies ending (in around 10 years) and the assets coming to the end of their economic life. it's a bleak future for a fund that isn't putting any cash away to reinvest for future income. they are simply hoping for the best, and being paid handsomely to do so.

as the years progress we'll see that this untested asset class has been over-hyped and in the hands of custodians who secretly knew the flaws, but were being paid too much to be inclined to admit it!! look at the share ownership by the directors - looks like they don't want to east their own ****, so they're feeding it to you instead.

Share price looking a tasty income play. Any buyers here?

Thank you, hxulcolrdoh

Decided to join the party as an income punt. Hopefully I have taken a bite at the bottom, but who knows.

Investors should take note that director Robert Knapp recently bought 18,186,272 shares at a price of 0.14 usd, at a total cost of 2.55 million usd. If that is not interesting, I don't know what is !!

I got in at £1.06 as an income punt. Inglis appears to have forgotten the simple principles of diversification in previous years, selling down most industrial assets and going all-out on the office sector. He considered the industrials market to be "overheated". Why is he still at the helm, I ask? However, this said, office values can't keep going down in perpetuity, and all good businesses need a base of some sort.

Hghotshot, I'm afraid there's nothing in your video link that explains how the company will generate an income once the assets are worn out. The market thinks the same about the sector as a whole. The market believes this company to be nothing more than a capital return vehicle. The share price will need to go lower to compensate investors accordingly.

Can't wait to get these for £4.50 and an 8% + yield.

Aren't we due a Q3 trading update round about now?