Member Info for Fregatr

More of an implosion...I hope you meant £!

Guess the strengthening $ is helping as well.

Looks like no surprises and debt a touch higher due to Euro weakness. Need to clear the expensive part of the Barclays debt as soon as possible though. Anyone know if they were trying to sell a property to clear that part of the debt? I had this in the back of my mind but could be rubbish....

A rate of currently10.3% is not cheap but it's reasonable to assume Barclays wouldn't have agreed it if they thought they wouldn't get their money back. I'm not sure but I think there was a suggestion they might sell something to to repay the loan. The loans agreed to Feb next year so that's a cost of €2.5 but income is pretty secure. Good chance we can ride this out and start getting dividends again but will be a while yet.

Interesting that a few weeks ago the NAV was discounted nearly 10% and now nearly zero. Not that I'm bothered as I hold this for the income and currency hedge in a pension portfolio. Still it's encouraging.

Too right and share price going the same way....

Well pleased but one of a very few blue ones! Greka good as well....

Its a waiting game but you may find this interesting. As part of the Greka and Green Dragon Gas family, I think it will bring results. http://www.proactiveinvestors.co.uk/companies/news/66508/update-greka-engineering-lands-new-chinese-power-contract--66508.html

The Fund invests in a broadly diversified, actively managed portfolio of Canadian equity income securities. As at 31 March 2014, the asset class weightings of the Fund's portfolio were: Asset Class Portfolio Weighting Financials 20.2% Energy Producers 19.3% Bonds and Convertible Debentures 12.0% Real Estate 11.6% Utilities 8.3% Power and Pipeline 7.3% Industrials 4.9% Materials 3.8% Consumer Discretionary 3.8% Oil and Gas Services 3.2% Consumer Staples 1.9% Telecommunications 1.7% Metals and Mining 1.5%

He's probably covering his short position!! Around £6 on IG....what a great say for the Greka family....

Couldn't agree more. When GDL and GEL get more attention they will move in the same way as here. It's only a matter of time.

At last things getting where they should have been a Long while ago. GDL will no doubt follow as you say and money to be made IMO ...congratulations to the faithful for hanging in here,

Running at 8% discount to NAV which is surprising as the yield is reasonable. Solid investment for income IMO.

Back quoting up 20% .

The GDG and GDL moves have to reflect here surely! I guess the spread is just too wide.

No price on IG. Have they suspended it?

Christmas come early?

Amazing, UBS say sell and Jefferies buy! Both respected institutions.....crazy. I hold these as a long term investment but another £1 from here and I would sell.....guess there will be some wait though....

Interesting to note Richard Peskin has a 5% stake. Quote from the Times "Richard Peskin, one of the property industry’s grandees, is to step down as chairman of Great Portland Estates (GPE) next year after 41 years with the West End landowner. "

I think they have cleaned up the IRS now and everything is in the open. My worry is the 10% over Libor they are paying Bar lays to clear the mess. One encouragement is that Barclays is invested. IMO they will probably sell one of the properties as the borrowing cost against rental doesn't add up.then we need to see some hope of a dividend. Still a few hills to climb but I reckon/hope 10/12p by the end of the year.