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60% gearing is a concern, as is 1 year: -12.5% but 3 year 142.5% is sector leading (AIC). Z shares look interesting, certainly worth a look. A bit cautious having been burnt by TGS reducing dividend for no valid reason.
If there is something afoot but not public and the share price goes up that'll be insider trading. Probably just random increase due to day traders and autotrading, probably revert to mean tomorrow. One for the longterm.
yet no comments. Crazy. China is predicted to have a 10% GDP growth in 2021, probably the only major economy to have positive GDP growth next year due to being practically COVID19 free. Only 2 other IT competitors and one of those is 35% Japan (Baillie Gifford). It looks like the FM positioned for the trade war with the US which turned out to be the right strategy for COVID19. The only downside is the lack of skin in the game from the directors.
Interesting comment by Jason Baggaley, Fund Manager of Standard Life Investments Property Income Trust here: https://www.theaic.co.uk/aic/news/press-releases/what%E2%80%99s-the-future-for-commercial-property "Over 85% of rent owed to us has been paid. " Makes Regional's 95.7% look outstanding.
I think the price rise was just due to lots of news articles about Lithium (I think someone else mentioned this), maybe this lead to more interest, the sp starts rising then the technical traders start buying so do the algorithms. SP takes a life of its own, time to take profits, sp starts falling techs and algos start selling, time to top up and wait for sp to rise for real reasons.
I can see that there's going to be problems with the retail properties but these look to be a small part of the portfolio. Industrial should be safe, so that leaves the bulk, offices. The interesting thing is how many companies will move towards homeworking. There's a lot to be said for people working together in person, so I'm not convinced there'll be a wholesale move out of office space. Given the the social distancing requirements, it could even be said that there's need for more office space.
I didn't spot the 21% reduction in dividend, so I guess the accountants are expecting an equivalent loss of revenue this financial year. Maybe, a 21% discount should be closer to the mark.
"As at 9 October 2020, the Company had collected 95.7% of rent due for the year to date, adjusting for monthly rent and agreed collection plans, which is in line with 95.6% of rent collected for the equivalent period in 2019. We are pleased with this level of collection given the challenging environment."
So not a lot has changed since pre-COVID but discount is 33%, 12.75% yield for new holders ffs. It make no sense to me, any ideas?
Holding on for a 600% rise to break even. Ever the optimist.
Basically Wang Xiaoshen, chief executive of Ganfeng Lithium said the recycling plant could be near the mine (Sonora), and both could supply the North American market with lithium for batteries. I'm surprised the SP hasn't moved higher.
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It looks like they've provided an insurance company with additional finance to fund their growth through gaining market share. HG seem to be good at making decisions and the share price has always grown since their IPO (the chart on here doesn't account for the share split). So, yes, probably bullish.
I would appreciate a translation of this:
"- the allotment of ordinary shares for cash on a non-pre-emptive basis up to a nominal value of £1,867,544 (equivalent to 10% of the issued ordinary share capital at today's date);"
Does it mean that the trust can carry out a placing of 10% of share capital without giving shareholders first choice?