Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Don't say that, Landuhh, I've bought some more at £1.33.
All the best.
I keep buying as she drops but I think the time has come now where I've got to just sit back and hope we get back to near our NAV.
I'm definitely over exposed in this share, with almost £20k wrapped up in here.
Dont get me wrong the dividend return is good but I'm around 10% down overall.
Oh well. I'm healthy and kinda happy...
That is my upbeat comment done for the day...
https://invezz.com/news/2023/03/15/iag-share-price-finds-support-amid-emerging-aviation-woes/
"Greencoat UK Wind PLC - London-based renewable infrastructure fund, focused on UK wind farms - Associates of the fund's two managers buy a total of GBP400,000 in shares. Gemma Fumagalli, associate of Laurence Fumagalli, buys 129,011 shares at GBP1.5425 each, worth GBP198,999, in London on Monday. Diane Lilley, associate of Stephen Lilley, buys 128,072 shares at GBP1.5538 each, worth GBP199,000, also in London on Monday.
Current stock price: 159.46 pence, up 2.0%
12-month change: up 1.3%"
https://www.lse.co.uk/rns/UKW/directorpdmr-shareholding-gesgszkf0y3zb2a.html
I've delved deep into my bare pockets and bought £5k worth.
That is my last lot, but I feel at this SP it offers more upside than downside.
We've unfairly dropped a healthy % and hope that will correct over the coming months.
All the best.
GRQ.
ii’s top 10 investment trusts in February 2023 (*Dividend Heroes)
Scottish Mortgage Investment Trust PLC (LSE:SMT)*
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Greencoat UK Wind
Renewables Infrastructure Group
Murray International
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https://www.proactiveinvestors.co.uk/companies/news/1008609/for-isa-investors-dividends-never-go-out-of-fashion-1008609.html
I'm not as deeply invested as Maybeonedaysoon with his £600k at £1.48 but I'm still heavily in.
I live modestly and wouldn't want to lose the magnificent gains the SP has made over the last few months.
From being heavily in the red to now being positive, but more importantly, I've recovered my initial £17k "investment".
We all know how it feels when we are down on our investment.
I recall being in the red, and at that time I just thought "if I break even I'll sell" and then break even comes and goes and you turn a little greedy as you feel as though your patience deseves some profit!
I have top sliced some of my profit, and I'm on the cusp of doing some more. I may take my IAG investment down to £10k, which feels to be at a more sensible amount to have in 1 stock.
Obviously my profits won't buy me a small house in Newquay like some......but I think it's Fish Friday at Spoons, so I may treat Mrs GRQ to a good time....
All the best.
Happy Friday.
If I get to my SP buy in price I'll be topping up.
I have belief in this company going forward.
GRQ
Maybeonedaysoon,
Will you sell your holding if you think we may drop below £1.50?
I only ask as you bought a load at £1.48.
I'm very fortunately in profit however, my average is £1.38 so I have some cushioning before I may be at a loss, unlike your good self.
All the best
Masaimara,
I sadly agree. I sold out at £1.77. My average was a smidgeon under £2 but I had £11k in here I could see the drop coming.
I lost about £900 but I took my chance.
Plus, I've just bought a new house and this £9k will lower my mortgage so I'm kinda recouping those losses. In a weird way I am...
All the best to everyone.
GRQ.
IParsnip,
I've never been through a consolidation where it has worked to the benefit of the P.I.
Admittedly, most of the stocks where I've been through the consolidation process were your low end, cheap and nasty penny stocks (Oil and Gas shares).
They're the ones that aren't revenue making, promise the earth and the CEO's are borderline criminals.
That said; the concept is the same.
The shares in issue divide by 10, and the SP increases by a multiple of 10, but for some reason, many investors don't like to hold shares when the SP is this high (as the drop seems much larger?!).
TUI is showing a strong balance sheet, and this year is also looking very financially promising.
The stock will recover. I just hope TUI use the raised capital to pay down the debt.
All the best.
"After an incredibly rocky few years, British Airways owner, IAG has bounced back to profits. Huge efforts have been made to ramp up capacity. And with a return of more normal travel patterns, that means planes are now full enough per-trip that profitability should be sustainable for now.
As a long-haul specialist, the path to recovery has been pretty protracted and painful. But pandemic-related challenges are now a mere vapour trail. It's time to look forwards.
The group's benefitting from two things. One is pent up travel demand, which is a real benefit and current trends show just how important holidays are to IAG's core customers. The second thing to consider is consolidation in the airline industry. A handful of smaller carriers have gone out of business and IAG's acquisition of Air Europa means there's more market for the taking. This doesn't upend the investment case, but it's a helpful market dynamic and shows the benefit of having strong, trusted brands in this business.
There are some things to keep in mind though. While pent up travel demand still has room to run, it can't go on forever. At some point we'll see what normal demand looks like once more. There's a very real risk that consumer behaviour is yet to fully adjust to a world of higher inflation and increased costs. If spending starts to rein in, we could see the strong forward order book come under pressure.
Costs are also a drag, not least because of soaring fuel costs. While this is largely outside the group's control, it has the ability to badly dent the newfound profit pile if demand weakens. With the wider cost increases that come with getting this giant bird of a business back at full height, this means pre-covid levels of operating profit aren't expected for a few years.
Our biggest concern for now is the group's eye-watering debt pile, which cost north of €824m in interest last year. Shareholder payouts will take a backseat to debt management for a long time to come.
For now, it seems the worst is over for IAG and the current risks to demand look more like turbulence than a full stop. We're a lot more positive than we've been for some time. But keep in mind, IAG is likely to face the worst of any slowdown in consumer spending and we can't rule out knocks to the valuation in the short term."
My apologies, but I didn't even attempt to answer your question!
In essence, you'd like to think that there is less of a chance to raise funds at the expense if they have good earnings but that logic doesn't always go hand in hand.
There was a capital raising last year and we've had strong financial results, so I think it's unlikely in the short to mid term.
Morning, Oldbrian,
The fact that the share cover is serviceable by 3x the companies earnings shows the company isn't struggling to pay dividends out to shareholders.
My (layman) understanding is, when the earnings are at or below 1.2, that is when an element of concern can start to set it.
My biggest concern is the threshold with dividends being slashed this financial year to £1000 and then next year to £500.
Any dividend payments earned over that amount will be liable to tax.
Lowering the dividend threshold before tax is going to gnaw away at reliable companies that pay out dividends to their shareholders.
Hopefully the policy changes as this share is a little long term gold mine.
All the best.
For goodness sake, Maybeonedaysoon.
Please let it go. If someone is invested here at £.148, £2 or £2.50 that's their matter.
I'm very fortunate as I'm averaged at £1.35.
I first bought at £2 but then the huge drop occurred, and not many could foresee this tumbling how it did. If they could foresee it then good for them.
No one wants to be in the red. We all work hard in life and want to make a few extra quid just to get ahead.
We can all do better in life. And that is definitely me included. I'll happily also learn to wind my neck in (never did like that phrase).
All the best.
You could well be right.