Member Info for Gerry557

IAPR, I think you are correct. I too was rushing to identify the reason for the drop and that came up on the news and I got dates mixed up.

The Direct line read across is probably worse news as it might effect earnings. Hopefully they can maintain a dividend even if any special is forgotten.

I suppose I could sell today's and take some funds off the table at a profit but more likely stick it out longer term.

Munich Re selling off its £7.4 stake @2023p and probably a read across of direct line poor results

I suppose Direct line news might have some read across too. They also cancelled their final Dividend.

Munich Re Not Mr

Paul you spoke too soon.

The Mr placement allows me to add although a smaller tranch than I would have planned as I used some of the funds yesterday for a buy as my other broker had technical issues.

Well I decided top top up with some dividends and a free trade that was due to expire with Interactive Investor. I was already narked as their website was down over the weekend without warning for maintenance.

When I did get in I couldn't get to trade, there was a warning of some 3rd party supply issue and to use a limit order. This did not work either. Eventually I got more than planned to buy using a different broker.

So should see the extra income by the end of the month.

Sorry Terry 1 for the late reply but I tend to agree with your sentiments. Hopefully they have a good pipeline to offset the delay in investment and get a better deal overall. I was hoping for an uptick in the divi but going to cash and the uncovered divi has stopped that.

Still compounding that 8% isn't too bad but do I go back in today for a second nibble if II is working today.

I suppose it depends on what you mean by "reliable"

Currently the dividend is not covered which isnt good. Now if this is temporary with a plan to recover great, which seems the case here.

I think it depends on many factors but splashing that cash on more investments will solve this. With a run rate on divis around £10m they could go on for a couple of years relatively easy. How much are the pipeline properties likely to fall of get a better yield. It sounds like a reasonable plan currently especially as rates have risen again. How much more is needed when energy and inflation are also adding the the brakes on the economy.

I like TerryM1's thinking but I think they are limited on what they can buy. At least 75% has to be property but there is some scope to get some extra income but there might be lending restrictions using cash that way.

I think its best if you "plan in" a 20% divi cut from the off and then if it doesn't happen bonus.

Yes its a bit of a worry the way this is progressing. Unsure what to do now here.

Still it is what the management want but what is the long term goal

Yes its good to see a rise in the divi and a bit extra for the pot. Still the share price has fallen since the report date by some 10% and it was worse. Hopefully things will ease off a bit and the divis can make up some of the short fall.

With wealth taxes and windfall taxes on banks doing the rounds there is more to add to that spell.

Probably an easy target as it has billions and profits and money!

So lets take them away!

If you use "ending" not "ended" it does make more sense. Yes it was a very early start this morning, so probably was too early for me.

I also missed out a comma after 6.4p, as it was only 0.4p up on the previous quarter.

The RNS states "they have declared a first dividend for the year ended 31 March 2023"

I take it that is a mistake as we are in 2022. Another 6.4p up on the previous quarter

Well there is always something to complain about. We need a wall of worry to climb. Another day with a tranch still in the green. Just don't mention the rest.

With a buy yield over 9% there is some hope of clawing a bit back. I thought that when it was 7% though.

With the large discount, high yield paid quarterly. I have decided to add more. The last lot I bought are under water by approx 15.4% so this should even out the average a bit.

I assume interest rate rises, utility bills and inflation are dragging this down somewhat and a change of leader. I don't know how much bad news is priced in or how much further there is to go. Hopefully some extra dividends going forward will help.

See you again after another 15% drop (it looks like its already started)

Well I'm going to revel in the fact I have a tranch that is showing in profit...... Even if its just for 5 minutes.

With another (larger) dividend in the offing soon I might have even more funds ready to add back for a bit of compounding.

As for a slow motion train wreck, Ive just bought another carriage to add to mine. Hopefully it has airbags.

Yes this isnt going as planned but my average is slowly getting lower and I hope it takes a different track before being derailed. A bit extra diversity from the UK

Gonsan did you mean THRL (Target Healthcare REIT PLC).

Gonsan, yes most REITs being hammered recently, SREI is probably next in line for an addition now this has been upped. Can't find TGHR

As I had dividends available to reinvest and a "free" trade I have added a few more this morning. This is slowly getting up there %PF wise. As for performance, well it not been great but it does allow me to acquire more cheaper than the last lot.

Hopefully bigger dividends at the end of this month will help and an even bigger one to come the month after.

Im sure there are associated costs with paying down early as with most types of debt. I wonder what the final debt profile they are looking at. That 5%+ debenture might start to look "cheap" they way things are going. I thought they might do a placing to reduce debt but I doubt it at such a discount and borrowing is hampered slightly by family holdings.

Still I suppose those family holdings should keep things pointing in the right general direction. The Edision report flagged falling property prices a worry on banking covenants, which is slowly being addressed. Im not sure there were forecasting a rise in the dividend though until 2023.

This is still a recovery play for me for the next year. Hopefully when its right sized they can work out how to progress the pipeline.