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..Well so far the Cannaccord recommendation has done really well for those that bought early on the news day or for those who knew it was coming out. Bravo, you know how to smash a market cap for millions so you can earn a few thousand quid. Good thing VEL don't need to issue more shares.

As a LTH we must hope there are a few more of these recommends, and more presentations and interviews.

The least they could do after "ripping off" shareholders with this sale would be to pay the redemption payment on the stated 19th Dec for ISA and SIPP holders. Just IMO

Happy Xmas all

Would be an improvement to the investment managers here.

Did a chart comparison using Yahoo Finance..

IMO When the tide turns on the sector as the yields prove too attractive and the weather will continue being weather, then NESF will be the share out of these four that will go up the most.

6 Months Chart performance

SSE -6.2%

NESF -9.4%

UKW -4.6%

BSIF -8.9%

Yearly Chart performance

SSE -10.8%

NESF -22.1%

UKW -12%

BSIF -15.1%

Thanks for sharing Rivaldo - Now thats more like it, nice to see some proper exposure, and an up tick in volume.

Lol, happens to all of us.

SMIF is a great investment for it's div which I DRIP.

I'd also recommend TFIF, similar fund but pays mostly quarterly, especially if the price dips to less than 104, which it tends to after each dividend this year.

Scott57, are you new to investing ?

Never heard of an investment being covered by a compensation scheme. This website of discussion forums is littered with investment casualties. The only part of an ISA covered by the FSCS is the cash not invested..

There is clearly a seller, and selling way more than their share buy back can cope with, hence it has stopped. At what level of SP are they happy to keep selling ? That seller is now seller(s) as traders follow the trend, and poor sentiment has spread to a point where the yield is sure 'Too good to be true"..

Yet, nothing has actually happened that anyone can find out.

The debt is known about, the interest rates, subsidy, generation, price of electricity is fine etc etc

So unless there is something fundamentally wrong then what gives ?

IMO the only big problem is expansion is difficult for the time being whilst the debt is paid, but surely this no reason for the mark down. It's not like the weather is going to run out, (unlike fossil fuels).

Yes.. Reassuringly boring and now with a slowing increasing SP too.

Recent volume has been very low, in fact I couldn't even DRIP smaller amounts with the dividend last week. Then I needed to sell some of my holding. My limit buy was ignored for a few days at 55 cents which caused some worry, so yesterday I cancelled the order but was able to sell with an instant quote at 55 cents anyway, around 3.30pm.

I guess this is the kind of experience we all have with low trade volume shares, I guess the fact that it was hard to buy small amounts but easy to sell larger amounts says it all about the sentiment here, despite the continued discount to NAV.

So what's all the fuss been about...

I was traveling alot recently so missed the commotion and the quick drop to the 150s... What the.. ?!? I still don't quite get how the rumour mill went into overdrive as I didn't have time to google or even read this BB. Took advantage with saved up dividend cash and topped up at 170 and today the long awaited acquisition completes. They're in such a good place, easily able to fund any capex needs, production to increase. My holding should nicely increase especially with the DRIPS over the next few years.

Cheers All and GL

Wow, wow and wow.. It's really amazing how Cobus Loots has taken the CEO baton and continues to take PAF/PAN on to new heights.

Well all the worries are gone, for now, lets see if the sentiment can return to positive, especially since there are a lot of recent shareholders that invested in the funding round at a much higher SP.

I don't see doji candle on my daily chart, iIdo see the same downward trend but getting weaker.

A reversal could happen, but we need the results for the next quarter to be steady, boring and another dividend covered and announced IMO

What's happened ?

Trouble with one of the tenants... ?

That said.. Should be some blue next few trading days as dividends are reinvested whilst the shares are cheap.

When will the sector turn back up?

There are no shorters here (or NESF and BSIF that I am also invested) but I do wonder if allowing sellers so easily through buybacks is not seen by the market as preferable to simply paying off some debt.

Results, all is good, NAV up, div well covered, outlook good..

Current yield still just over 8%, surely a move back to 100p is well overdue now.

Profit Participating Notes...

Hi Damofarl

Yeah saw that, it stacks up for your argument that it comes from their cash, but to achieve that cash the loans must be closing out at NAV.

A holder of 10,000 Shares will have 1,627 Shares redeemed, and receive €1,459.41 in cash. Just over ¢14.5 a share, and the uplift in value so far (SP increase from ¢69 to ¢75) is around 8.5%, around half of the loss of shares. Means a profit of around ¢8.3 per share for holders before the recent redemption announcement.

Definitely worth remembering once the new shares are issued as profits are to be had before the next redemption announcement.