Member Info for Damienmoore

MrTC, you make a valid point. As time progresses you will begin to understand that the reason for the lack of substantial dividend increases is because the underlying company holdings do not support the dividend paid by HFEL. If you look at all the holdings (available on the Janus Henderson website), take a note of the dividend yield for each and x the yield by the value of each holding, you will discover that the revenue generated in aggregate (across all holdings) does not add up to the amount of dividends paid to HFEL shareholders in a year, and nor does it add up if you also include options trading income. A significant portion of the trusts revenue comes from dividend stripping, which can eventually deplete the capital required to increase dividends:

https://en.wikipedia.org/wiki/Dividend_stripping

Despite some people on here being in denial of this truth, it is nevertheless a matter of fact and has been so for many years. Please click on the following link:

https://www.edisongroup.com/research/compelling-income-and-recovery-potential/30350/

Here we can see in Edison's research note that the yield on the trust's holdings is 4.8%, yet the trust was paying out 8%.

Even though there is clear proof that this is what the managers are doing, posters on here will continue on with their denial, which is what the manager likes!

Floors 1, 2 and 3 are now under offer at The Coade:

https://www.loopnet.co.uk/Listing/97-Vauxhall-Walk-London/25823517/

Good progress since the results announcement, when it was just the top floor (9) that was let. Good asset management and demand driving progress.

The window to buy CLS Holdings below 70p a share, which is a once-in-a-generation opportunity, is closing. The demand for quality office space is increasing as companies are realising that human beings are social animals and are more productive with at least some personal interaction with co-workers. HSBC have just expressed a lack of London office space for their own operations, and as with all trends, the work-from-home pendulum has swung too far. In 3 months the share price won't be below 75p.

LTI,

"Currently up 8% since my purchase of last month - hoping that the upward momentum continues - a large gap to fill to get anywhere near asset value per share."

Total BS. You've been buying this all the way down - everyone can see your posts. You're so full of bravado - there's not an honest bone in your body.

LTI,

Being wrong is your occupation.

"Private investors own hardly any of CLS" -

Okay, tell us the percentage held by PI's. Give us all some actual facts for a change, instead of dogma. Stop making things up to fit your argument.

"Once again a large family stake that has always been the case, and a valuation way below NAV (we have had low valuations in the past) has NOTHING to do with shareholders deciding to delist"

YES IT DOES - I have experienced this. A property company with elevated interest costs and revenues under pressure COULD (not will) seek to reduce their costs via a delisting. A depressed share price, if for a prolonged period, gives the rationale "a main market listing is failing to recongnise the true value of the company for the costs and compliance burden involved"

"Every post that you make means getting to a lower level of stupidity."

OMFG - don't you mean a higher level of stupidy. Ha ha has, that's a classic.

LTI, please continue this. It's so funny and I love the way you can't help yourself.

LTI,

Please keep your angry, narcissistic responses coming. They are so amusing. I've never seen such an amusing blend on obnoxiousness and ignorance.

LTI,

Oh my goodness me, you really are as clueless as you are vile:

" voting is not compulsory"

That is exactly the problem. Most private investors will abstain from voting which means there is a higher risk of the Mörtstedt family beng able to use their 55% holding to win a vote requiring 75% of VOTES CAST. And just because the company hasn't delisted up to now, doesn't mean it won't in the future now that has a low market cap and trades at such a significant discount to NAV.

Thanks so much for backing up my argument.

LTI,

"UNDERSTAND?"

Yawn, you really are a bore, but nice try on doing some research to desperately try and make your argument fit. Problem is, you can't even get your facts right on this, either. It's not 75% of shareholders to vote in favour of a delisting, it's 75% of *VOTES CAST*. This means the family shareholding makes it a credible risk the company could delist if they wish to rid themselves of the cost and compliance burden of a main market listing.

This has already happened to me. Highcroft Investments's principle shareholders voted in favour of a delisting and then hoovered up the shares of the independent shareholders, on the cheap. Despicable.

Give it a rest now, LTI. It's not good for you being wrong all the time.

SEDY still producing the dividend goods we're looking for. 90p for 2024, which is down from £1.04 in 2022, but that was from booming mining profits at the time. March saw a dividend of 12p, which is up from the 7p of last year. I note the Russian holdings are still on the books. Perhaps one day we'll get something back for those holdings currently marked at zero value.

LTI,

"anyone who thinks that is also in the stupid club"

As a member of the stupid club I look forward to welcoming you you once you've refined your knowledge and gained promotion from the absolute tool club. Good luck in seeking your promotion. I have faith in you.

Ade,

Everyone can see that LTI is demented. Stop replying to him and let him get on with making a fool of himself.

LTI,

"You are a complete idiot just posting past comments."

And what is it you are doing? My word you are an absolute tool of the highest order. Perhaps if you would stop talking nonsense you would stop compelling people to call out your ignorance.

LTI

" understand?".

Yes, I do understand that you are desperately clutching at straws to cover the fact that you equate delisting to a company being bought out. Don't be ashamed LTI. You can't know everything in this life, and just be grateful you've learned something new and can be less ignorant going forward. You are welcome.

LTI, you are displaying signs of dementia. Aggression and disorientation. Let me make it clear for one final time before you reply and further confirm your utter stupidity. A company does not need to be bought if it delists - it can retain the same shareholders at the point of delisting, but smaller shareholders tend to have less power and influence. If you don't know this, you have problems. With regards to showing myself up, again you do seem to be showing signs of dementia in the fact that you would think that any self-esteem is tied to anonymous posts on chat forums. I hope your ignorance doesn't do you too much harm.

Ade, you are right, LTI is an absolute tool.

Looking interesting. Large yield that could increase if the Brazilian Real can move up from historic lows. So it's a currency play, too.

Looking interesting. Large yield that could increase if the Brazilian Real can move up from historic lows. So it's a currency play, too.

A dramatic drop in dividends since my last post. The best year in recent times was £2.15 (2022). The last 12 months has been £1.37!

The annual dividend has dropped since 2022 from £1.19 down to £0.91 in the last year. Disappointing, but I'll give it more time because it's generally been a good income play over the last decade in which I've held. GBP strength hasn't helped.

LTI,

FFS you are an absolute tool. The current holdings of the trust + the options writing do not support a 10% + dividend. The trust sells holdings and buys new ones cum dividend. So yes, in this respect if the NAV continues to fall the churned capital will not not subtantial enough to sustain the dividend. You need to find a different game, you absolute tool. You are dangerously stupid.