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Chequemate, try using 12foot wall website to view that article.
As for cover for dividends, it should leave it as it was pre Ukraine. The expectation is they have "excess profit" due to the price rise rather than any particular investment. Although if they have a bad spell will the government do a reverse windfall? I think not but it opens up a conversation.
I suspect that investment will be the thing that suffers as the extra will be stolen. I think that also partly explains some of the price drop.
It is run very well ................... for management!
I wonder if it would open up the government into propping up the company in bad times.
You installed a windfall tax when we made a profit and now we are making a loss we need that support back!
It sounds "fair"
Probably a good idea but for me seeing the dividend increase would be a better measure of success. I think the annual report is due in December. Anyone fancy an early Xmas present.
Mr Market getting to grips with "changes" so might get more used to them. The share price ticking up a bit but there is always next week.
To be fair Mr Market is dropping too. Quite big dayly drops at times. Something staying flat is now "good".
The SP did drop back to the 66s, see I should have waited. Still not too long to get a bigger divi back. I wonder how low and how long current events will continue. Probably longer than my pockets
They said they had a pipeline of potential property deals that they were following. Committed rather than a distressed seller I think was the term used.
As I didn't get my 66 pencer's, I decided just to buy some more for the 7%+ yield. Although with the spread it would have been more like 68p ish. So it looks like I've lost just less than a penny.
Im might have to switch off now cos it will upset me if they fall now and it hits that price.
I listened to the results video this morning which seemed quite positive. The drop seems to be Mr Market rather than RGL. It seems overdone and like I said it very close to historic lows.
Anyway I decided to add another batch as its 10% cheaper than my last batch, which I thought were a good deal. What could go wrong! See you all again at 55p then. At least I dont have to argue over my 10% buy yield being achieved now. My attempt to buy more EPIC failed though.
Saw the SP had dropped into the 66s. Decided to buy some more but the process didnt work out too well. By the time I took corrective action the SP had risen a tad. Now Im a rabbit in the headlights, waiting to see if I can get back in around the 66s but watching it continually rise towards 70p
When I said finished, I meant when my broker has had chance to calculate those sold plus and other subject to scaling back. They disappeared from view when the corporate action was selected.
They seem to be taking their time getting them back.
"Subject to scaling back it is as yet unknown when any shares not successfully tendered are expected to be credited back to your account. Should you elect to tender some or all of your shares we will, however, update you when the proceeds for those shares successfully tendered have been credited to your account."
I cant see mine as they all disappeared whilst the corporate action was going on and cant remember what date that it was all to be finished with. I assume they will be scaled back. I did add more but 10p higher up.
I wonder if this will become a semi regular event, partly why I added more. Im still not sure why they just didn't do a simple buyback.
Thanks TimBob.
I cant find much about it although I haven't looked too hard.
What happened around 3pm as this took of a little bit. Maybe I was right to remove the limit and press the buy button.
Mr Market didn't seem to jump so it looking like it was this specific. My other REITs were generally up a tad but not like this.
Maybe others thought it was worth a buy. Still there is always next week and something else to worry about.
CLI is CLS Holdings, part Reit.
I decided to cancel the limit order and press the actual buy button instead. Scared to miss out but just realised its ex divi. So win some loose some.