Member Info for Etotheipi

To quote the RNS "The 48MW wind farm, which is located in the Kalmar province in southern Sweden, consists of 12 4MW Nordex turbines, is expected to produce 150GWh of electricity per year". Do they mean 48MW per hour running at maximum capacity?

Jab1t, I've also been invested for a year and made about 40%, you must have timed the covid dip well, other than then the sp has never been as low as 267p since May 2017. Where did you get the average 14% discount from? Looking at the AIC chart I think it's more than than unless you mean just year to date maybe.

It doesn't really matter about the discount providing the NAV keeps increasing and the discount doesn't widen out too much. I'm very happy with 40% return.

It getting worse by the day, you both would have done well to sell. swsquires, I think there's more to this than the reasons you listed. As it happens they do have a site: https://am.jpmorgan.com/gb/en/asset-management/per/products/jpmorgan-global-core-real-assets-limited-ordinary-shares-gg00bjvkw831 and have some research from Kepler: https://www.trustintelligence.co.uk/investor/articles/fund-research-investor-jpmorgan-global-core-real-assets-retail-oct-2020.
It was never meant to set the world alight just provide a reliable income with some capital growth. The NAV has dipped 3.7% since December (the reasons for which were not explained), the yield is 4p per annum which is reasonable and as promised. The problem is that it's gone from a 10% premium to a 7% discount. The portfolio is now more geographically diversified.

I'm reasonably new to investing and I wonder if this poor sp performance has to do with the possible C share issue this summer. Are the institutional market participants clever enough to sell to deflate the price so that the C share issue price is as low as possible? Or it could be due to the delays in this process.

The 2019 annual report states "The Board recognises that the possibility of a widening premium or discount can be a disadvantage of investment companies that can discourage investors and influence the liquidity of the Company’s shares. The Board therefore has a share issuance and repurchase programme that seeks to address imbalances in supply of and demand for the Company’s shares within the market and thereby reduce the volatility and absolute level of the discount or premium to NAV at which the Company’s shares trade." To be fair the last set of shares issues was June 2020 but maybe it's buyback time.

What really annoys me is that, similar to Fishybilly, this is by far my worst performing share at -20%, when it was meant to be a stable income earning asset! Hopefully some heads will roll and a new management team is put in place.

A bit more detail, China are planning to sell metal reserves to reduce pri and the dollar is up: https://reut.rs/35yopFi

A bit more detail, China are planning to sell metal reserves to reduce prices and the dollar is up: https://reut.rs/35yopFi

Thanks, clearly I should have paid a bit more attention to the RNS.

Mr Fibbles, it turns out the offer price is going to be 135.5p so I've taken a bit of a hit. May I ask, why was it obvious they were going to announce a share issue today?

Interesting decision not to participate in the latest round of new equity funding for Klarna, must be a bit overpriced or there are better geared opportunities out there. A 20 uplift on NAV is good to see, topped up.

Alas_Smith, interesting overview of ITs. I was shocked by yesterday's 7% drop. Maybe a delayed reaction to the rns about share issuance but I thought that was on Tuesday when I topped up. Odd that a big drop would occur a few days before the annual results.

Nice to see the market react to actual news. The government and some companies are moving out of London which means more demand for smaller, outside of London office space which is limited due to conversion to student accommodation and housing. I can only see the sp growing for the foreseeable future.

So it looks like 75% of the non-Ganfeng shareholders need to vote in favour or to put it another way 25% to vote against. That's 18.5% of the shareholders, given that M&G own 15.87% and Janus Henderson own 2.1% their decision is vital. If they are against the offer then it only takes 0.53% of the remaining shareholders to vote it down. HL and Platform securities nominees own 1.2% and I'm sure there are other nominees to be declared soon. The problem is that I would assume someone inside Bacanora would have sounded M&G out so probably know which way they are going to vote.

The dividend yield is calculated after the fees have been taken out, it's the annual dividend / the share price. Of course with lower fees the dividend would be higher but there's more work and costs involved in managing real world assets than buying a selling public shares.

I'm no expert but I remember reading that if a shareholding goes above 30% then the holder is obliged to make a takeover bid at the highest 6 month price which is 67.99p according to this site. So maybe Genfeng have increased holding to 30.1% and the RNS hasn't been sent out.

Down 0.73% after impressive results, I'm getting the impression that the market isn't very smart.

LSE still haven't adjusted HGT's share price since May 2019 after a 10:1 split so not much hope for ATT.

My take on the mismatch statements about the Brazilian market and OCP was that it was a message to OCP that if they don't offer a decent off-take price then Brazil is an option, brinkmanship. I would guess that there must be some ongoing dialogue between the companies, if only informally.

Take over is a worry but do OCR have a history of takeovers? My guess is they would want to be EMLs only customer to screw down the price and EML are holding out.

Nice jump today, who knows why. The low price doesn't make sense to me but I am biased as I bought in at £1+. Rent collection is very strong, they are focusing on out of London office space, less likely to be hit by working from home. In fact probably benefit as more companies will set up regional offices for in office days.

google 'shaking the tree', market makers reduce the the sp for a very short time, stop loss kicks in, your shares are sold, price goes back.

Got mine yesterday on ii. Only noticed post trading.

Private equity investment trusts, best kept secret on the market. 1800 equities on the LSE, the lowest for a long time, 1.6 million businesses in the UK, of course loads are SMEs but that's where the real growth is. With interest rates so low and listing so expensive companies can find plenty of cheap capital without having to go the IPO route. Also illiquid private equity assets are no good for open ended funds as outflows force the fund manager to sell, investment trusts are the best option. Unfortunately the shareholder needs to trust that the valuations are honest, so far I've found that they tend to underestimate the NAV. Members of the AIC, like AUGM, should be safer.