Member Info for dusty42

Cobalt prices have slipped a bit.

Hi Krustysmegma, thanks for the response.. I did email EAT and got a reply from the company secretary 'the Distributable Reserve is composed of readily realisable assets. This reserve is disclosed to provide shareholders with comfort regarding the sustainability of the Company’s dividend.'

It didn't fully answer my question as to exactly what this reserve entails. There is also some reference to it's composition in the full year report. I suspect it includes liquid assets that are part of the trust. For them to have a reserve this size completely independent of the trust would indeed be awesome, but sadly I think that is hard to believe(I would welcome being proved wrong). That said, and regardless - I am very pleased with performance here in the time I've been a holder. Seems they have made some good decisions at a turbulent time.

Hi silverknight. Yes, I was trying to clearly indicate I did not believe this to be the case, it was the reason for my question. I will try contacting the company and asking.

There's been a fair number of quarters showing a drop in NAV here now. Which has more than once been attributed to the energy price outlook/forecasts and that predicted impact on future revenue. Am hopeful this trend might come to an end in a few weeks when we are updated on NAV again, yes we've had another lockdown which is not great.. but with any luck from here on in things might improve generally, wrt covid at least. Also price cap increase based on wholesale costs might be a good sign(though I am absolutely no expert on the energy market).

"The energy regulator Ofgem has announced that the energy price cap will increase to pre-pandemic levels due to rising wholesale energy prices"

Turning the light back on temporarily.. I bought in here last year - seemed like quite a bargain and and has performed fairly well, decent regular income.

If there is anyone out there, I have a question. In the RNS on 30th of March there is the following statement 'and a Distributable Reserve of £339 million.' Can anyone shed any light on what this is? As I understand it a distributable reserve is accumulated profits, used by trusts to cover dividends in hard times? Which is great, but this seems like a big number relative to the market cap.. and what form does it take? Surely this can't be a cash reserve of this size? By my maths this could cover the dividend in full for more than a decade.. which surely can't be the case? Ok so that's quite a lot of questions.. can anyone shed any light?

Switching off light, closing door, will come back in a year see if anyone's passed through..

https://www.bloomberg.com/news/articles/2021-03-22/top-u-k-renewables-investment-firm-greencoat-said-to-weigh-sale-kmkywh1v?srnd=premium-europe

Agree the increase in corporation tax will have some negative impact, though arguably most of the performance issues relative to current investments last year may well become less of an issue this year(energy prices). But yes going forward the question is what can they do to find sensibly yielding new investments that don't lead to higher overall risk. On balance I reckon this might have fallen a bit too far now, but we'll see!

https://quoteddata.com/research/gcp-infrastructure-fund-compelling-yield-qd/

Disappointing how the share price had performed here, though seems to have been blamed on electricity prices which weren't great through 2020, but possibly look to be recovering now.

This seems to have been harder hit that for example dedicated wind or solar funds which seems a bit concerning as on the face of things you'd expect it to be more diversified. I bought after most of the fall, but has fallen a bit further since I bought. Have watched this for years and held before and it's always been fairly stable/resilient.

Thanks FRTEB, really appreciate the response. No desire to sell at the moment, but good to know this might be a second option vs the open market if it does come to time to sell.

I'm about. I know someone who holds shares here.. I used to but don't currently. They received a letter about a 'tender offer', does anyone know what this is about? Is it the fund buying some of it's own shares? Anyone have any insight into what this letter is about and if anything needs to be done?

So what happens now?(sorry for my ignorance) I only have a few shares here, but will have done alright out of this. When is the deal likely to complete? Is it fairly likely it will complete? What do I need to do, just wait and at some point the ehg shares will disappear from my account and cash will be there instead?

Apologies if already posted:

https://www.bloomberg.com/news/articles/2019-08-15/africa-s-largest-fund-manager-sees-next-gold-boom-in-west-africa?srnd=premium-europe

That is to say stuck with or to take a loss on.

I never called it a 'trading or investment strategy', rather I try to go into things with my eyes open, what ever I buy I try to accept that over any time scale, it could go up or down. As it happens I have bought and sold kie many times over the last few years and sold at a profit every time, but I like almost all others have taken a loss sometimes, or ended up holding a share longer than I initially hoped.

My advice dave would be never buy a share you're not prepared to end up stuck with. Literally no one, on here or anywhere else knows which way something will go in the short term.. or it wouldn't be called speculating. The best anyone can do is look at the facts that are available, factor in the lessons of history, past mistakes etc and base a decision on that. But it's not wise to buy a share today and expect to be in profit tomorrow so to speak.

I bought fairly low and could sell now, but what would be nice is some news on the housing arm sale. At that point I may sell some. Though that is assuming they can find a reasonable buyer in the current climate. Nothing is certain. Hopefully this pause is just consolidation, and if you look at the chart for the last week rather than just the last day, things look pretty good. Longer term, who knows, there could be a decent recovery.. or they still could go under.

Sorry if already linked:
https://www.telegraph.co.uk/business/2019/06/22/kier-directors-raked-70pc-pay-rises-despite-contractors-slide/

The former CEO and outgoing CFO should be shot. Their failure to address problems see shareholders and employees suffer, while they walk away with bumper pay packets. Total failure in their roles.

That said, I made a fair bit trading this above £10 last year.. then got out and have recently picked up a few again. Lets hope the shorters are proved wrong!

"Bev has been our Finance Director for over four years and I would like to thank him for his contribution over this time"So he's overseen a drop in share price from c£15 four years ago, to around £3.50 today. On that metric he doesn't seem to have done brilliantly well.

I'd more take it as - "we're looking, but haven't found anything attractive enough, yet". Agree obviously though not looking like something is just round the corner.

They looked at lots of prospects / took a bit of time, prior to the Sasa acquisition.

It might be said that the Spanish authorities should respond to this, as presumably the directors are going to be completely unaware of the claims or they'd be obliged to have informed shareholders already. Reuters would normally be an organisation I would expect to have reliable sources, but who can say when they are anonymous, presumably there has to be some kind of motivation for making statements like this to the media. If it is true that a decision has been made then why delay releasing it.

https://www.bloomberg.com/news/articles/2018-09-03/nuclear-has-to-use-climate-crisis-to-justify-high-cost-mit-says?srnd=premium-europe

https://www.bloomberg.com/news/articles/2018-08-28/french-energy-minister-hulot-resigns-in-clash-with-macron