Member Info for Gavster-NBC

Good stuff, is this the spike I need to rid this blight from my portfolio...

Hi Damofarl, so I executed buys at 55.1 and 54.9 to buy back my holdings, pretty pleased with the trade, I'll be holding and DRIP the divs until or unless there is another moment I deem the price overbought. Of course there is always the possibility the SP will carry the slide and go back to a discount to NAV, at which point I would expect buybacks to once again be deployed.

Jun_man

I honestly don't know, and to be honest my feeling is that it is not greatly significant and if they decide to purchase shares, I would expect at NAV, that would be OK, I'd just take the cash.

I'll endeavour to look at this more in detail though once time allows.

Slow mover this one.

Hi Temple and all. Yes, looking good. I would have preferred more capital return by way of an extra divi rather than buybacks (that only reward sellers). Annoyingly I had a limit sale kick in yesterday late on which was set when I bought at 72p recently as a trade to increase my core holding, but hey, a successful trade is just that.

I'll still be wary as the buyback may be a signal that a large holder needs a way of selling, but that could be just the cynical investor in me. Each way, the SP has bee weighted down maybe with a large seller and this provides that seller a quicker exit.

So.. Back to 90's.. Again..

LOL, yeah right. been reading too much sponsored Right Wing nonsense have we.

Let me repeat so it might actually sink in, "North sea oil and gas is bought and sold at international market rates."

Absolutely no point in asking your opinion on SSE I can see.

GL with your investments.

What do you reckon on the SSE SP and dividend level in the coming years ?

North sea oil and gas is sold at international market rates, and the replacement oil and gas will be bought at international market rates with respect to industry consumption. Anyway, the North Sea O&G industry will inevitable close down sooner or later. Any effect on UK inflation will be small/tiny IMO but the right wing political parties will make out it's a huge deal in order to attack Labour policy and score points. The reality will as always be in between.

Hi all,

Will the annual dividend return to higher levels after 2027 ?

Considering all the projects, loans being paid, capital expenditure etc etc, and their statement "Full year dividend rebased to 60p for 2023/24, with increases of 5 - 10% p.a. to 2026/27."

So next year the dividend might be 65p then 70p the year after that.

I've had SSE on watch for a while but failed to buy back in at the beginning of the year due to goings on elsewhere in my portfolio. I sold out when blue sky came along in 2022 and I always thought the SP would dip back down even as far as below the 1300s due to yield and their pledge to lower the annual dividend to 60p, However that hasn't happened, obviously..

I am looking to buying back if the SP breaks below the trend set from Feb 24 when the SP was below 1600, and returns to those prices. The SP is right at the base of that trend from Feb 24 at the moment.

The July dividend is only 40p, not that attractive these days, and an SP of 1500 represents a reasonable but not great 4%.

I'm not concerned about politics having a negative effect, IMO anything Labour does will be better that the shambles and wrecking ball the conservatives have wielded to all aspects of the UK including it's markets and economy during the last 14 years, so for me any negative sentiment the election might have will be short lived.

What does look possible is that might be a long term opportunity to invest a low levels then profit from a high SP and dividends from 2027.

How do other holders see the next few years ?

Looks like the uncertainty is going regards the government.

Can we also say all will be well and just carry on with respect to mining in SA. ..

https://apnews.com/article/south-africa-elections-lawmakers-parliament-negotiations-3fc23d8f18cbd62be982d1076c7e2e46

Hi All. A question to all holders.

I've had Fevertree on my watch list for years and never invested as IMO it is constantly valued at a too high a premium for it's earnings ratio and dividend yield. I generally invest in shares with a yield of 5% or more but an SP of 330p or less here looks never likely to happen.

Why is the valuation so comparatively high ? Is it the constant prospect of takeover or the faith of how much the company will grow in the next decade. I'm interested.

Hi Damofarl, so I did sell out of my FAIR ISA holding at 59.8 just before the div. The $ rate has gone up, and if I buy back today with an instant quote it would be a successful trade (5% holdings increase despite missing the divi) but I've put in a cheeky order at $0.55 for the coming days. We'll see.. Thanks for your shared confidence of BGLP. Toro is still my largest holding of these type of investments currently due to it's ongoing discount to NAV and the personal sentiment that builds the longer one is invested in these trusts. Cheers and GL

Not that interesting IMO. "The trust generated net cash of 5.5p per share over the quarter."

That's 22p a year if annualised, not 5p. With 2.29 billion shares, that's equivalent to £126m a quarter, or £504m annualised. They can easily afford the buyback of less than £14m a quarter.

https://www.lse.co.uk/rns/UKW/flash-update-from-kepler-trust-intelligence-xrvykhxnxj292wf.html

Greencoat UK Wind (UKW) has released its net asset value (NAV) update for the first quarter of 2024. The trust announced a NAV of 160.0p per share for the end of March, marking a small 0.4% decline on the 164.1p per share at the start of the year.

The NAV decline was largely due to lower-than-expected power generation. This was due to lower availability, including an outage at the Hornsea 1 facility, and lower wind speeds.

The trust generated net cash of 5.5p per share over the quarter.

UKW continued its £100m buyback scheme into the quarter as well. The trust repurchased 13.8m shares during the quarter. Buybacks have now totalled 20.4m shares at a cost of £28m since being announced in October of last year.

The trust's strong cash generation mean it is well-placed to continue growing without tapping equity markets. Cash holdings totalled £250m at the end of March, with an additional £200m available via the trust's £600m credit facility.

Finally Sold out of this dross. Last two trades today. Good luck to anyone holding, I hope there is a spike for you to get out. As an investment, there is no case to invest just a gamble as a low price potential gold mine. Sprott is the biggest red flag. They made a fortune out of Pure Gold, and obviously the mine went on to produce sweet FA. The same could happen here... Stifano has his snout firmly in the trough. All IMO

Yes, non-farm payrolls was in the afternoon. I noticed the China news knocked $25 almost immediately in the morning.

Also.. I'm amazed how the news that China stopped buying gold last month knocked so much sentiment out the POG yesterday morning. I would have thought that since it happened weeks ago the gold price hasn't particularly suffered without them buying, the effect would have been pretty mute. Who knows, there's always so much talk of gold price manipulation by un-named "Large Players" or mysteriously "The Cartel"...

I was quite disappointed in lack of uptick yesterday morning, but by the end of day was happy with the SP holding up very well comparatively to the GDX and with respect to the SA political situation. Markets don't like uncertainty which is the constant explanation for lethargy so therefore we expect some buoyancy once the ANC make a deal. I cannot imagine they would entertain any of the EFF's manifesto regarding redistribution of wealth. I can't think of any examples of industrial Nationalisation that have gone well, public services on the other hand generally benefit.

Anyone know the timeline / democratic process for what happens in South Africa after that election result ?

OK, I'm in.... My holding is in my SIPP in the sterling version as BGLP. EQi only trades BGLP and ii.co.uk only trades BGLF. My ii.co.uk limit order was rejected yesterday and no instant quotes, but I did get an instant quote for BGLP with EQi and the SIPP. Wanted to hold before Monday.

Cheers all ))

Typical... Time to switch off and go do something useful. Have good weekends all.

GDX and POG both went higher than before the drop this week to being back on trend. Expecting a every positive day.

We'll see.

The VanEck Gold Miners ETF has practically recovered the drop this week, as has the gold price.

We should be up a penny and definitely at least a penny or two by any possible announcements on the 10th.

Oops. Mixed up EU Zone and UK. UK sure to follow especially when the Tories are now doing desperate measures.

Didn't have to wait that long, cut by 0.25% this afternoon. Well needed for rents and the business.