Member Info for Gerry557

Where is the link?

Yes to the 8th and I have commitments that day :(

Connection issues !

You might be waiting a long time.

So the share price is on a bit of a dip, the discount is quite high and a big dividend yield. It's survived a call to break it up due to the high discount but they are cutting debt and buying back their own shares. Some of which should improve things. The divi has been increased again so I have decided to add some more.

The dip has offered up a few opportunities and I thought this one offered something. I suppose I'm just reinvesting my dividend a little early.

Https://www.investormeetcompany.com/api/investor/meetings/results-for-the-quarter-ended-30-june-2024/register

No dividend is safe. I've had dividends announced, passed the ex divi date and then cancelled before payment. Usually those over 7% yields are often a bit suspect but DYOR.

The half year update coming soon should help clarify thing a bit.

Still looking at the history there have been some consistent increases in the dividend although that is expected to slow going forward.

I hadn't noticed how close we were to ex divi so nice bonus there. Let's hope we see all those benefits in the next year and a bit.

Just back in to see what's going on. My spreadsheet is a sea of red. Maybe not Black Monday but definitely off white. Just noticed that the drop is 10 days before ex divi so bonus and 17 days for lgen.

Won't pat myself on the back yet though as things might get a lot worse before they get better.

I too added this morning along with some HSBA.

Both with large Divi yields and on a bit of a dip. Of course Sods Law say it falls further

I too have added this morning just over 616. Thought about a limit order just in case it dips more. I wondered if it might be a bit of a Black Monday so held off on Friday. Also bagged some Lgen

Nobody bid last time as the prices were too low for the investment risk. The government then upped the prices, nearly double to try and get more building done. I would assume most windmill companies will look at it and decide a strike price which might be outbid. It depends on how much risk v reward you are willing to accept.

Ideally there would not be any need for subsidies. GB energy is just another conundrum to throw into the mix. It's sounding more and more like a chocolate fireguard.

The projected dividend is 60p this year rebased from 80p. Up slightly on this time last year maybe. So it depends on your reference point.

Tickety boo = average

NAV / share and the SP are way out of kilter = possibly, depends if management can do something positive.

divy / share % but it will probably be one of the highest = depends on your buy price but 6.5% is lower than some. They announced the intention for 2.2p for a quarter. Assuming that's 8.8p annually then there are better payers out there. Compare with SREI who have not done a forced discount placing. In fact which other REIT has?

I will admit they have room to improve.

"The reduced divi will give the company extra cash to invest in new projects adding value to the stock (in theory)"

Err No it wont. The cut was needed to stave off administration. The cash call will allow them to pay off some debt of which a big chunk was due next month. There was a bit left over to do some cap ex. Remember they have/are selling a large number of properties so income will be less hence dividends needed to be adjusted accordingly.

They have to pay out a minimum due to REIT status rules so will comply with that.

Now if they can sell void properties, improve others to increase rents and or get them let and plan to deal with the other debts things could improve but look back at the track record.

Paying of 3.5% debt doesn't seem all that good in the current climate but will allow a bit more flexibility so maybe they have learnt one lesson. Most previous holders will have less in dividend income than last year despite holding more shares.

Google finance often does this at the end of the day. Lloyds was also up a lot compared to its real price. Will be back to normal when the market opens

Yes we have some similar shares and I have been here a while.

I though Buffet offered £44 not £40 but might be misremembering

Yes it happens today I think after close of play. Just knock the last figure off your holding as it 1 for 10.

The share price will go up by ten too

Did you look at the slide on power prices? Even at £10/Mwh things dont look dire and divi covered 0.8 times in 2029.

Id assume that there would be some corrective actions taken by then if the worse case came to pass.

Im not generally "good" with buybacks either as often they are done at the wrong time but it beats a dilutive capital raise. At lease the metrics look ok for a buy back atm.

as for the comments on dividends only in EPS .....

"£136.4m dividends paid in H1, including £28.6m 2023 top-up"

Nice to see this above the price Uncle Warren wanted to pay.

Also nice to see some growth in the divi. It been lacking lately.

My share holdings last digit is 9. :(

anyone want to lend me a share so I dont loose those 9.

Typical. Dip, Dip Dip by Friday please