Member Info for Gavster-NBC

Not when the gov are actively promoting this sector and intend for the public to own shares in a company that heavily invests in the sector. I imagine the subsidies could come under fire if contracts are won by companies (including foreign) that do not depend on them. it's still not great as I have shares in several companies including BSIF and NESF, and they are all suffering in value.

Share Buybacks.

IMO. Always keep in mind that for buybacks to happen, there must be sellers to enable the company to buy those shares.

Whenever a buyback is announced, then large holders should be put under scrutiny, because a convenient way to buy back 5% of the shares is knowing a large holder wishes to sell down 5%.

We know buybacks only really reward sellers. Rewarding holders means giving them dividends.

Lots of DRIP trades from today and next couple of days, but I'm surprised at the sell off here, also UKW and NESF the same. UKW went ex-div and dropped way more than the dividend amount over one days trading. Here we've literally dropped about 10% since ex-div.

Good stuff.. Still about 5% discount NAV ? Next DIV due mid January.

Whats going on here?

Not great for my buy at 101p recently. Thought that be be around bottom, no short positions, interest rates better, the sun is shining today too, yet still down compared to others in the sector.

Dividend announced, 2 cents, like clockwork, ))

Hi All. We are due for a dividend announcement here.

HI manfor, not sure TBH. It may simply be market confidence in their fund managers and also the markets that FAIR invest in. FAIR went above NAV during the year, but sprung back again, which may be a trading opportunity to watch for if happens again.

Hi Bismark

I don't get it either, looked like a solid report with good earnings. There were no over-hyped projections. Yet down over 5%. Perhaps being an international company its reacted negatively to a slight change in dollar rates, but not exactly 5% drop worthy IMO.

Something to do with the dividend, but this due to be announced until next week..

I reckon I'll buy.

https://finance.yahoo.com/quote/GSL/news/

All very positive, the market needs time to catch up IMO. The sell down was pretty long and steady, and not helped by the bounce to 70p, which was also seen as a sort of 'False Spring'. Good to have figures backing up the positivity in previous statements. Capacity is also UP going into 2025.

They have an announcement due today I believe,

2023 to 2024, Nav is Down 10p from 136 to 126, a drop of ~7%, BUT, interest rates are down and the dividend is up.

The SP Nov23 to Nov24, however has dropped, ~115 to ~102, a drop of ~9%.

Oversold territory IMO, a 5% to 10% rise to get my average down.

This is nice indeed !

Hi damofarl, jjhbev

IMO a continuing dividend level suggests redemption by way of asset disposal, which if their income is quite evenly spread then the dividend per share with our new lower NAV should remain in place.

Quick maths.. If the NAV per share at 31st October was around ¢90 per share then with 418m shares means a NAV of €376m. So estimating this redemption, 68m shares cancelled, ¢14.5 per share for Christmas and a move up in SP to around ¢74 ?

Not sure but very happy about this.

Just increased my SIPP holding by 40%. The high yield is excellent for the upcoming dividend and longer term hold, and if you're right Fisherking then an ex-div drop to around 70p will be good as a DRIP price.

If there is a sharp rise into ex-div once announced then I may trade the upcoming ex-div drop. We'll see.

Wow, didn't see that coming..

Gold miners worth so much more in Australia than SA, political climate, history etc etc etc

Hi jjhbev

The compulsory redemptions being announced was strong reason why I'm now invested, let's hope it's a good amount this time, 5 to 10 cents would be handy.... ? There's a debate further back in the discussion as to if the money that will be paid to shareholders is from a realisation or sale of assets at NAV, or they're paying from our coffers at the equivalent NAV, but could sell, (if at all) at a different (lower) price.

I suggest that the less the number of shares after redemptions at NAV, the resulting SP will go higher to converge to NAV.

Hi longtimeinvestor, I regularly to my holdings here, whether it's profits from a trade elsewhere or a monthly DRIP. I have also recently bought two larger holdings in TFIF, the quarterly dividend payer by the same company. The yield is a little higher, but three of their dividends are currently 2p with the fourth in April almost double last year at 3.96p. Do you also have a holding there aswell ?

"Never been a better time to buy - Coming from a man who is talking his own book. Needs independent analysts to make that call."

There must be thousands of companies looking for investors and confidence in shareholders that "Talk their own book" in interviews, presentations and investor forums each year.

Hi all.

I expected more of a slow rise as interest rates eased, and perhaps a closing of the gap to NAV, but I'm fine with the dividends instead. Next ex-div date should be in a few weeks, early November.

TORO is now my largest holding by value in my ISA.. It was gold miner PAF before but I took profit on their dramatic rise, in hindsight too early, but feel comfortable for cash and value preservation. That in itself is the amazing attitude of opting for the relative safety of this investment compared to the market casino of the FTSE's and AIM.

IMO take his Analysis with a pinch of salt and use some his ideas to place in your own research. I've known this poster but now as oakbloke, his posts can be very interesting and positive, until he tried to persuade people what the DEC announcement of 15th Feb 2024 meant, and how they'd benefit. Anyone with some basic maths knowledge could see this proposal by DEC was nonsense and ridiculous, and reason that it was likely sort of delay tactic to keep retail holders on board, subsequently, the proposal was dismissed and blocked by the US market, basically, because it was an illogical nonsense. For me I could only ask myself why the LSE allowed such a stupid proposal by a company in the first place.

https://www.lse.co.uk/rns/DEC/return-of-capital-option-for-3q2023-dividend-io90e5lhhh1w55i.html

49p raises over £90m. Not as bad as I thought it would be.

Giving us a two hour window, pathetic.

Seriously, are we, the shareholders not able to vote on this demerger ?