The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I thought this was a bargain at 120p (I still do).. don't know why the SP has been creeping down.. big well run organisation going great.. should get a trading update at the end of this month and hopefully the August interims will show further revenue and profit gains. Decent dividend too.
More like normalising back towards 400.
It's not really a jump considering the share price was 500 a few weeks ago... all that's happened since then is that Kier have continued to win new contracts, which indicates that they aren't going down the pan but rather that their next set of figures will be ok.. then see Auson below.
They explained in the rights issue that dividends would be around 20% of normal for this year and this will have caused institutional dividend seekers to move their money.. it will come back provided Kier continue to make money, win contracts and opertate more efficiently (and provided they up the dividend again next year).. There is no sign whatsoever of Kier going out of business. Woodford keeps taking more because he is looking at long term share price growth potential.
Do your own research on the latest accounts, the Kier Website and any other facts you can find.
Rainbow are still a very young operation, yet actually producing and holding a valuable asset.
Many companies in this sector have been around longer but are still looking for their asset and spend millions of shareholder cash every year...
Investors here should of course have researched Rare Earth Elements along will all the information available from and about Rainbow.
Rainbow have a 25 year licence to 2040 over a vast area of rare earth deposits. They are only just starting to scrape the tip of the iceberg.. just need some bigger machinery and bigger trucks... I'm sure Uncle Sam can help with that if necessary.
To Stanley..
Blackwoods and Red Leg both still on the shelves at my Morrisons (and Tesco and Sainsburys etc..)
Just noticed Fever-Tree advertise Blackwoods as best match for their aromatic mixer.
Well the Trading RNS is there for everybody or anybody to read themselves. I can't help but take a lot of positives from it especially with all the negative sentiment for the sector over the last 18 months.
And yes, I'd be even happier to see them cash-in on their residential pipeline and reduce the LTV although it's not a net debt.
The new and renewals are for a quarter but the Debs figure is annual...
I wouldn't suggest that anything to do with UK retail is a good or safe place to be invested at the moment but it has had a slight upturn recently and it looks to me as if C&R have managed as well as if not better than other major retail property companies. There will always be a need for some retail property and it's good to see C&R focussing on needs rather than discretionary so I'm happy to give them a chance.
I guess some people have something personal against this company..
At a minimum there is a net (annual) gain in rent of at least half a million. Reading the full RNS I still think this company is severely undervalued.
But don't believe me or any other poster on this board.... DYOR
Adjusted profit up to over £30M with Mcap of 139M
They already took the hit on revaluing downwards
Debt LTV against property is only 48%
remaining NAV per share is 59-60p
Only disappointment for me was the reduction in dividend but given the state of the sector it seemed sensible enough.
After a while you start to dread the next RNS but this one is just perfect!
I have a similar story but I'm happy to hold (and maybe add) expecting the US operations to grow and I'm encouraged by the statement in the accounts...
"the Board has committed to underpin the dividend so that it does not fall below 8p per share"
I think I'd feel obliged to give an update following the previous announcements.. even if it was a disappointing holding update...
and then recover to £2.20
Is just as likely
even with the best research every share is still a bit of a gamble
Reduction in net debt was one of the brighter points of the last accounts.
"This drove a reduction in net debt of £207.1m to £308.1m and our net debt to EBITDA for covenant purposes to a multiple of 1.0x (2017: 1.5x)."
They have enough cash to keep the dividend so hopefully they will.. I'm happy to buy more but with a 25% spread it's difficult persuading my finger to push the button..