Costs of £5m (2 August 2020: £nil, 31 January 2021: £nil) represent fees incurred in the period relating to the proposed takeover of the Group.
That's an expensive offer!
James, LSE having all sorts of tech problems recently. In fact the site was down for a while too. I see directors deals currently not working so maybe they are still working through so issues.
The following might help when LSE is broken :-
https://investegate.co.uk/Index.aspx?searchtype=3&words=hfel
Mixed messages going on. Some bad actual metrics being reported but good underlying messages that this is temp and will get better.
No divi announced although to be expected with an offer on the table. Still looking like these will be ripped from our hands so maybe not much point looking too closely. If two buyers see so much potential why cant share holders.
Profit set to increase, debt set to fall and free cash flow increasing and progress looking good ahead. What's not to like in the years ahead but some will see the bid shining bigger and brighter, well for 5 minutes anyway.
Hi ade2a
I don't think I have anything further to add but I was happy with the situation anyway. As you can already see I've moved onto the Vietnamese fund buying and why they bought into another fund rather than individual shares. I assume it was the 20% discount.
Bilb, I thought about buying some just to sell for a few pennies but you are likely to get that from divis in a year anyway.
The wind not blowing and the sun not shining enough as we have started our coal fired lecky again. I wonder if this translates into lower earning for Trig or just a blip.
I looked a bit more into the Rns about the holdings in VOF. I wonder if this is an opportunistic buy as the discount is quite large and its taken a down turn on the back of covid. If temporary, this should be a good investment and wondering if I should have a small bite of the apple. I wouldn't have even considered this and maybe I should just let Hfel buy and sell it for me.
Im happy to continue to chat about HFEL here, that way its in public and if I make any errors or mistakes, other kind posters can correct me. You do come across a bit all pied piperery but then again I do like people who have some puppies to show me!
Im happy to peruse your watch list if you care to share. I think it will be quite interesting and wish I had the time myself
I note that the discount has reduced to zero and the SP has risen to match the NAV. The yield will drop accordingly but it has also been pointed out that some of the underlying shares have increase their own dividend payments. Hopefully reducing this pay out anxiety. As I dont suffer from this I think its best I move on. It was also pointed out to me that a recent change in management also coincided with a change in fortunes of this fund. Maybe others can comment on this.
Ade "You say it but I do not think you do honestly." Im not sure if this say more about you than me. I have never made any personal remakes about you and only tired to comment about fact and figures which you seem to avoid. My comment history is there for all to see and check. I accept you cant see body language on
a thread but it was put in black and white. I will wish you a good day but only if you accept it with good intentions.
Well the 80p price spike disappeared by the end of the day and might have even ended the day lower. Another "spike" early today. Is it going to follow Friday. Im not going to try and work this one out.
ade2a.
Several posters have tried to assist you understand why your "opinion" with over distribution was "factually" incorrect. You call these my friends as if we are some gang against you. Remember I have only joined this thread after recently buying. So why arn't they your friends, after all you were here before me. You repeat the coded insults thing again, Im sorry I tried to help you understand the situation.
"If only you and your friends said that 30, 40, 50 posts earlier." What did you think they were trying to do? In so many different ways.
"Are you afraid of different opinions." No but we are talking about facts n figures, income in v dividends out.
A number of people have tried to explain how the yield statement is true but works. You are the only one that has turned that statement into an assumption that HFEL is paying more out in divis than its earning despite all the evidence to the contrary and with nothing in support of your assumption. This isnt about opinion its about facts. You also asked "What else is there?" Cash!
I can only wish you the best with your holdings and hope that you dont see that as a coded insult.
Well something has let the cat out od the bag this morning! Some big buyer or news somewhere, Im not sure but its not helping me get any more but a second divi payment helps.
I could get used to monthly payments.
Ade2a, yes because we understand that the yields in the underlying shares are different to the yield on the fund and not comparable, common denominators thing remember. Clearly you don't understand that. That's why we agree with you that the saying is true but pointless. As several posters have tried to explain to you, myself included.
Personally I'm not bothered about SOI's over distribution, clearly that what the reserve is for. TR v Income is another ball game.
As for EMH, yes
longtimeinvestor, I hope I get the same level of dividend increases for the next decade. I liked the increase in income and that it was adding to the pot. I might have a look at AAIF though to see what it is doing. SOI and HFEL holds some of the same shares in the top tens.
Share price was picking up too
Its on my radar too, wasnt sure why it dropped so much today. Being greedy and hoping for a bit more
Ade2a, The distribution isn't more than the earnings though. You appear to be using the term yields to try and justify that it is. Hence why I said use cash figures for both.
I'm not sure what the coded insults were meant to be when I explained why I picked this fund over the other 5. No offence was offered just trying to explain my reasons when the other 4 funds had a better 12m record.
"Of course the yield tells you what you will get per £ invested at that instant."
Not of holdings you already own, only those you buy at that instant.
You are free to have any opinion you like, we can even agree to disagree. It's better to deal with facts n figures so it's easier to establish where mistakes are being made. I often learn more for people with an opposite stance as it gives me more to ponder.
You are not worried about SOI's over distribution then?
Guitarsolo
I think it would just be a guess on the final amount for the dividend. Personally I would be looking to reduce the LTV but they are constrained by the rules on pay outs to remain a reit. 90% of profits from memory so it doesn't leave much wiggle room. Rent collections have been improving, although again from memory, maybe the last divi wasnt fully covered but expected to be in time, or am I thinking of another.
The LTV range guided is 40 -50% so its well within that range. Its another question if that range is too high! There is a bond due too in Aug 24 but I assume if rates are kind it will get rolled over or refinanced.
Dividends were 8+ pre pandemic so there should be an expectation to get back to that level if not now then next year assuming rents continue to improve. Ill take you seven then and if its anymore it will be a cherry on top.
New shares should be issued today and I assume the extra earnings kick in too. There is an update soon, it might indicate how things might go.