Member Info for Gerry557

I had 45p gsk and 11p hln marked on my spreadsheet. Probably taken from one of the reports.

Need to update for this :-
Dividends

GSK has previously stated that it expected to declare a 27p per share dividend for the first half of 2022, a 22p per share dividend for the second half of 2022 and a 45p per share dividend for 2023, but that these targeted dividends per share would increase in step with the GSK Share Consolidation to maintain the same aggregate dividend pay-out in absolute Pound Sterling terms. Accordingly, using the consolidation ratio, GSK's expected dividend for the second quarter of 2022 converts to 16.25p per new ordinary share (taking into account the dividend of 14p per share paid for the first quarter of 2022), the expected dividend for the second half of 2022 converts to 27.5p per new ordinary share and the expected dividend for 2023 converts to 56.25p per new ordinary share. GSK expects to publish its results for the second quarter of 2022 on Wednesday 27 July 2022 which will confirm the dividend to be declared for that quarter.

If so, this could be construed as trying to buy out the minority shareholder on the cheap.

Well its at a premium to the historic share price so not on the cheap. I suspect the Ziffs and not taking part as it might be deemed as profiteering. The will own even more of the company in percentage terms though.

You dont have to sell

"I hope they concentrate on getting down the debt level"

Well with no dividend to start it should help with a bit of reductions, assuming the cash keeps flowing

From memory they paid off £3.4m of that debt but it cost a bit more to do so.

I also note that the Ziffs are not taking part in the tender so maybe that was what you were getting at in the previous post.

I can't recall your £18m figures was that from the half year update.

Hi schwee, I think you have it wrong. The Ziffs can match sell and still retain their majority holdings.

So they sell 3.8% of theirs and we remaining shareholders sell ours matching the same 3.8% in total.

Having only a quick read it seems you are guaranteed to be able to sell 7.61% of your total holdings if the tender is agreed but maybe able to sell more if others dont sell. Which may or may not include the Ziffs.

Have to be quick though buy at 175 and almost guarantee 185 sell. Might look if I have any free trades left

Announced now that the app is actually sold. Alongside other sales it will give them even more cash. Debt will be reduced and the pipeline to be invested in.

The update seems positive too and the SP has reacted positively. Hopefully this will see dividends follow the upward trend in time. Im not sure that they will increase the time scale to increase dividends earlier even with the app sale.

I'd not seen the stories in the on this although to be fair, I'd not been following the markets as closely as I normally do.

Yes a big jump on the booked price and its looking like a good investment. Just wish the shares here followed the same lines. Still it's off its recent lows but still offers a big discount.

Market cap £75m so £20m in cash might be handy. Might get some of that pipeline moving

So shares acquired. I did try to get some on the update then they jumped and the jump made me dither. Now I have got some even cheaper.

So what is going on. The discount is massive so why isn't everyone buying tenners for a fiver. Inflation, recession, the spread, 50% LTV, family control or is that more lower liquidity issue.

I like the family control. If they look after themselves, with long term goals we'll we can ride along with them. It will be interesting to see what level the next dividend is announced at. I'm expecting another 2.5p same as last.

Operations should be more normal, less issues, share buyback effect kicking in. (Should they be restarted?) or debt levels reduced.

The only real negative for me is the relative low level of divi yield which I hope will be corrected in a year or two.

Well we have had a few weeks of falls on the market and I suspect things are close to a stabilisation point before picking up a little.

Of course there will be extra dividends coming our way from the extra shares acquired and a pot that needs refilling.

Hopefully that all happens before the next big fall. Pocket depth needs to be longer than market pressure

What sort of Oman, hopefully not Damien although the devil is in the detail.

I think I have managed to aquire my Town shares as the contract note has been emailed, I'll check the account tomorrow. I also have their dividend to collect as well as its pay day. Unusual to reinvest on the same day as the divi.

Mr Market pushing up again not sure what's causing that, a relief rally maybe. Even RGL has joined the party.

A contract note has been emailed so I assume I've got my extras.

You are right about the markets being all over the place. Just tried to add some more Town but cant get a price.

Tried to buy some more but cant get a live price.

Stuck in a limit order, lets see what happens.

Welcome saintly. I have mixed feelings. Im still trying to get over the placing at 106.5 a while back. That is a 30% drop in capital! so things might not always look great. I have to remember I have had some dividends to offset those losses along the way and a steady and increasing dividend stream is always welcome.

They also suffered in the pandemic and from memory the divi was cut. So it pays to have other options rather than all eggs in one basket. Then there is the sheds v offices question fortunately I have one REIT on each side of the argument so it balances itself out.

Hopefully come the new ones will be adding to the credit side of things to balance things out. I thought Id timed it well yesterday ending up in credit at the end of the day but looks like the rest of the PF is in the green but yesterdays gains here have been taken away.

I suspect we are in for a big dipper ride so hold tight

The discount continues to grow. SP under 74p and my last top up is underwater. New properties added today also.

With the SP below its 200 day average, trading on a 20%+ discount, yielding 9%+ and what looks good metrics I have added another batch. In face several REITs are down. Probably on interest rate and recession concerns.

It was a bit of a toss up between TOWN, SREI and this. Sell in May was right this year!

Daytradenovice, Thanks for the insight into both companies. I didnt know about the water in the Scillys, I might be more careful next time Im visiting.

Unfortunately, Im already invested. Partly because I was a holder previously and did very well until I sold. The drop has brought me back.

Yes the results look good but from memory I think they bought most of that after doing a big ish buy recently . Still it nice to see the divi bumped again and the LTV trending lower.

SP has dropped off its highs but for me the divi need to get back to its high from the cut a few years back.

Well I was hoping Uncle Doug would come back to explain how he got to his conclusions just to make sure we are not talking apples and pears. Did he take into account PNNs return of capital? Maybe SVT did the same or more as I wasnt following them.

Even the 2 year 60% metric is difficult to align. SVT up approx. 15% PNN down just over 5% excluding divis Even so PNN had been above SVT in this time period so need to clarify exactly where things start and what it includes . Maybe the 60% difference excludes PNN selling half itself which then puts it into better context.

Without Uncle coming back to explain, the figures dont mean much, well to me anyway.

Im not sure about an agenda, then again I wasnt following him or looking out for it. Ive seen the name on this site and I think we follow a couple of the same shares so will allow him to defend himself or at least place his comments into his context.

PNN picking up a bit

Well I have added a few more this morning. I'm still note totally convinced but it should keep ticking over and bump the divi every year.

Profit down 99.1% I doubt will be the main headline at the meeting this morning.

This was my steady eddy but now after selling out and then rebuying a few back I'm wondering about where to go with this. The yield is still on the low side but will increase over time. There seems to be more difficulties ahead, costs increasing at a time of heavier regulation.

If the yield was higher I think I would probably be buying back the rest. I was comparing this to ULVR. Same yield, both with added input costs but maybe more scope to increase over time. Pity its just jumped 7%