Member Info for DramChart

Hope so - I'll be happy to add again around 110p :)

Relax :)

If you're in for the long term for the dividends, the SP is irrelevant. Provided the dividend isn't cancelled or drastically cut, of course - and that seems unlikely given the cash generation. Of course, if you need to recoup your capital investment within 5-10 years you may have to crystallize a loss at some stage. But, personally, I wouldn't put money I might need in a few years into equities, especially when instant access accounts are offering 5%.

Arma/Max: "Whereof one cannot speak thereof one must be silent".

Did your mother never teach you "Shh"?

In practice I believe the main (if not only) beneficiaries of buy backs are the Board members, whose bonuses are linked to share price performance. The theoretical advantages to retail shareholders seldom seem to be realized in practice. Personally, I'd rather have dividends and enjoy the option of investing them elsewhere if I think that is where better opportunities lay.

Paul Weir also added that there is "no clear line of sight on when either pipeline exports or payments will restart".

To paraphrase John Maynard Keynes, politicians can remain irrational longer than we can remain solvent.

IMHO the sp could drop below 80 when we go ex-div in June, in which case I will top up. I don't think 70 is likely.

IndridCold: IMHO there really is no point in arguing with a sick mind, it just encourages :)

Should add that I am holding, with a view to possibly adding once this gets resolved :)

anyoneforcricket your suggestion is tempting but imho would run the risk that companies taking a hard line would be squeezed until their pips squeak, if not excluded altogether from future contracts. Lacking geographical diversification, I fear that GKP doesn't have much clout in these negotiations and may have to accept whatever it gets offered.

Thank you LOTM-13.
I understood that Lord Ashcroft, holder of 62% of shares, announced last year that he intended to explore options to sell his holding. I haven't found any updates on this but, given the size of this holding, it seems possible that the sale could result in an acquisition or merger.

Guidance for 2023-24 is for 1.5% decline in full price sales and profit down to 795M, hence the drop in sp. But it seems overdone IMO so I'm topping up.

Oh either take your medication or get a grip.
Filter applied.

Although the GKP sp has not (yet?) fallen as far as I feared, it seems to me that the statement put out by GENL had a slightly more reassuring vibe than that issued by GKP. Might that explain why GENL sp has fared better thus far?

Do you have any update on the bid situation?

You're probably right. But for me the P/E is still too high - I might be tempted to come back in if the sp falls to around 200. Until then, there are other more promising opportunities IMO.

#softcell, roofer61
Thanks for your info.
I've now been informed that the regulations oblige REITs to distribute at least 90% of their "exempt rental income" as PID, which is subject to withholding tax. That is a significant inconvenience because although basic rate tax payers have no further liability, higher rate and additional rate payers need to declare the PID and are liable for tax at the relevant rate (i.e. another 20% or 25%). Similarly, those with no taxable income because of allowances will have to claim the withholding tax back from HMRC.
Makes me wonder whether this faffing about with REITs is worth it!

I'm not yet in AGR but am considering changing from PHP.
I see that last May, Quizzer was concerned about an apparent 20% tax deduction on expected dividend payment. I was similarly surprised by a deduction on PHP, which I discovered was because the payment was a Property Income Distribution (PID), not a dividend, which is classed akin to income and so is taxed as income not a dividend.
Can shareholders kindly confirm that they receive only dividends and not PIDs from AGR?
Many thanks.

Still 5.6% shorted by 7 funds. Might expect some reduction/closure of those positions before December 19th, but trading usually thin around that time.

FTSE Russel?

Thanks. Fingers crossed!