Member Info for Divhunter

I agree, there might be other builders out there with more rise in them but these babies have done me proud over the years & I'm sticking with them. Bought at just under £7 about 7 years ago when the divi was good. Saw them fall & withdraw the divi through the crash but held firm & they've repaid me many times over with the subsequent rise & recent dividends. Everything's a bonus now, I'm going nowhere. 5% plus pa return going forward, virtually guaranteed, & probably the same again in SP if not more. Agreed, you need a balanced portfolio, I'd say go heavy on the builders for now.

Sorry, that should be going ex divi 3rd March

If that's why you're here, and I must admit it's not bad but not due for a while, you may want to consider popping out for a little while for PSN. Going ex-div on 4rd March so do it by close on 2nd March, paying a £1.10 divi on first April, that's 5.3% at current SP. And guaranteed for 5 years. http://corporate.persimmonhomes.com/investors/regulatory-news-(rns)/rns-news/12708422

Well that's an interesting RNS! The Invesco Limited shareholding has apparently crossed the 5% threshold & stands at 3,263,158 shares, 4.79%. From 3,094,834? Last time we were notified of the Invesco holding was 22nd December 2015 when we were told they had reduced their holding to 9.84%, 6,706,120 shares. No wonder the SP is falling if a major shareholder is reducing to that extent, but is it right & where are the other notifications? I'm beginning to worry a little about this company.

After the SP fall & mixed trading update on 28th Jan, 2 buyers have emerged. Neptune Investment Management have upped their stake by 1% to over 5% with a purchase of over £5.5M's worth of shares. Shortly after Nick Wiles, Chairman, has upped his holding to 35,000 with an £80k investment. Meanwhile the SP has fallen by another half percent and is hovering around it's 3 year low. Fools rush in where wise men fear to tread.

PayPoint retailer agents, you don't know half of it. You wonder where PayPoint's future income is coming from? This should give you a clue. Starting now in Romania, in future you're going to be collection agents for loan sharks. https://www.paypoint.com/en-gb/news/view/paypoint-romania-goodbee-credit/ Didn't see this in the interim management statement. Starting in Romania, collecting loan repayments from "Romanian entrepreneurs" on behalf of "non-banking financial institutions". The entrepreneur will just "go to the nearest PayPoint store with their bar-coded repayment schedule and mention the amount they wish to pay" and "pay in cash". No fees, I guess that means no commission for the retailer as well. Just wait until Mr Big pops in with his £5,000 in cash to be laundered through yourselves & PayPoint. Just remember not to ask any questions, & don't dare turn him away. PayPoint, turning honest working men into accomplices. Can they get away with it? Probably.

A 5% fall in the SP today to 788.5p following a mixed trading update. Progress in Romania more than offset the fall in the UK & Ireland where progress was stemmed by the unseasonably warm weather & its resultant impact on energy consumption, an extension of the additional costs in Collect+ in the joint venture with Yodel and a delay in the sale of the Mobile Payments business, recently sold for £14.4M. The Mobile Payments sale will significantly reduce future income & growth although that arm was running at a loss. Advances in Collect+ are stalled because of a price competitive market & Yodel's desire to increase prices. However the growth in the Romanian business looks set to outstrip the fall in the UK & Ireland business for the foreseeable future. Even with reduced revenues going forward the company are promising growing dividends & with the yield currently exceeding 5% this may well underpin the current share price. The share goes ex-divi in late June with the bulk of the annual dividend (2/3, about 30p per share) payable in late July. Probably a hold now, if you're still invested after the recent falls, for the June dividend or a risky short term buy for the dividend if the share falls to 750p or below, but keep a close eye as capital investment is required if the group is to progress it's UK business in terms of multiple facility terminals in the retail outlets. Long term prospects look uncertain as, although cash generation is good & will continue, it's unclear whether it cover the dividend payment moving forward.

The spat over the paltry commissions paid by Paypoint to it's retailers shows no sign of abating. With the dispute into it's 3rd month, retailers actions against Paypoint are being stepped up while Paypoint responds by suspending retailers who it considers are breaking their contract. With Paypoint telling analysts that it's commissions from utilities are rising but telling an inconsistent story to retailers about why it has cut commissions & retaining it's hardline stance, there doesn't look to be an end in sight to the dispute. http://www.betterretailing.com/paypoint-squeeze-retailer-profits/ http://www.betterretailing.com/paypoint-squeeze-retailer-profits/ Paypoint is certainly in the driving seat, with retailers tied into restrictive contracts. With clauses in the contract such as "PayPoint.net accepts no liability to the Merchant for any losses, damages, costs or expense arising out of any failure to pay a remittance to the Merchant on the relevant due date. The Merchant acknowledges that PayPoint.net will not enter into possession of and or have control over any settlement funds at any time." and compliance rules such as "The Merchant will comply with all Scheme Rules, applicable laws, regulations and codes of practice in the execution and performance of the Agreement and shall not use the Service or permit the Service to be used in any manner which could, in PayPoint.net’s reasonable opinion, damage PayPoint.net’s reputation or the reputation of any company within the PayPoint Group.", Paypoint certainly has the right to suspend any account it chooses to. https://www.paypoint.net/about-us/legal/standard-tc/ However it ends, nobody likes a bully. https://www.facebook.com/groups/paypointpayfair/

Keep an eye on PAY, you might find it interesting in the next few days.

3.21% down today. Don't say I didn't warn you. Numis Securities say Hold, I say Sell before the 8.74% drop because it will only fall further. "Paypoint plc (LON:PAY)‘s stock had its “hold” rating restated by analysts at Numis Securities Ltd in a research report issued to clients and investors on Friday. They currently have a GBX 825 ($12.98) price target on the stock. Numis Securities Ltd’s price target indicates a potentialdownside of 8.74% from the company’s current price." http://www.tickerreport.com/banking-finance/540012/paypoint-plc-stock-rating-reaffirmed-by-numis-securities-ltd-pay/

I've been a staunch supporter of PayPoint in the past, not least because of the dividend. The full year report is due at the end of the month & there are no financial signs to hint of trouble but the departure of 3 directors in the last week, for whatever reason, and the threat of many of the independent stores switching off their terminals because of falling commission rates which mean they are losing money every time they process a transaction can only mean trouble ahead. Now is the time to take the investment elsewhere. I'm out before the mayhem strikes. http://www.betterretailing.com/paypoint-directors/

Personally I would call Killingbecks buy insider trading, how can it not be when his shares are bought in the same transaction as a +5% purchase at mid-price?

Oceanwood: The portfolio typically holds 20-40 investment ideas with 15 core positions, depending on the conviction levels and environment. Each idea can comprise multiple lines of securities, long or short. Position size is evaluated within the context of the particular strategy, the portfolio as a whole and the manager’s own view of the current environment. Average holding period is nine months, with a typical range of three to 15 months. http://www.risk.net/hedge-funds-review/profile/2274966/oceanwood-global-opportunities-master-fund-oceanwood-capital-management

Oceanwood, Christopher Gate Hedge Fund. Take profit when you can, they sure will & the price will fall when they sell. Probably got a target of 80p.

Ah, OCEANWOOD CAPITAL MANAGEMENT LLP with a purchase of 1,256,584 shares, juat 100k shy. Somebody else piggybacking as well for 100k shares. Nice buys if you can get them.

So Killingbeck bought 65k shares @ 70.5p in 14th Nov. LSE only shows 3 trades on the day, two being minor buys at 72p & above, the other being a single trade at mid-market price of 70.5p, but for 1,421,584 shares (£1.02M), so who's got the other 1,356,584 shares? Only 24M shares in circulation, that's over 5% of the company changed hands in a single transaction. Has Killingbeck piggy-backed on somebody elses trade to get lower buying price? You know I'm not a supporter of WHI so I suspect something fishy, Anybody care to affer an explanation?

Having done a quick bit of research on IMIC I take back what I said earlier. I see they're advised by WHIreland, a bunch of rogues in my opinion. If the takeover goes ahead as suggested I'll be taking option 3 and selling the lot quick for the best price I can get. I see IMIC are down over 10% this morning, watch out for share price manipulation when the prices are set. What may seem a decent deal on the surface may be tinged with a bit of poison if the prices aren't set in advance. Please, give me a cash option! By the way if the takeover goes ahead is the TSX listing going to be maintained? If your shares are in an ISA and you intend to hold that is a critical question.

IMO go for the all share option valuing AFF at £1.40, Sell half immediately you get the IMIC shares with a view to buying back for the longterm after it's fallen back again or investing elsewhere. That's my plan anyway. Been invested here since the African Aura days.

I wonder if they're going to give Killingbeck the same deal as they did Compton when he was appointed and I wonder whether they'll just hide it in with some other news. "Paul Compton is to be granted 2,218,000 share options over ordinary shares on his appointment. The options will be granted at a price of 36.75p per share, being the closing mid-market price on 22 July 2010." What the heck, only 9% of the issued share capital of the company for doing the job that he's paid for. They did get rid before they had to do it though, so how long do you give Killingbeck? http://www.wh-ireland.co.uk/content/news/rns_archive/2010/23-07-10b.asp If he stays longer than Compton you'll no doubt be diluted by 9%, factor that into any decisions you make to buy or sell. If he doesn't make it to two years, it won't have been worth buying. The directors here will line their own pockets before they line yours IMO.

http://www.sharesoc.org/blog.html United Carpets has put its main trading subsidiary (United Carpets Northern Ltd - UCN) through a pre-pack administration. The parent company’s shares are listed but are currently suspended. After the Administrator was appointed, the business and the majority of assets were immediately sold to United Carpets (Franchisor) Ltd, another wholly owned subsidiary of the public company. The justification given for this sleight of hand was that without doing this deal (and effectively enabling the company to either exit from its lease liabilities or force the store landlords to reduce them), the company could not continue trading. Needless to say, the landlords are going to be furious about this move. It has enabled the company to break their contracts, but otherwise continue trading as before, with the same management and the same shareholders. In other words a typical “phoenix” company situation. ShareSoc has consistently opposed pre-pack administrations which permit companies to default on their obligations and undermine normal business practices. There is more information about this in past ShareSoc Newsletters and on our Members Network.