Member Info for Guitarsolo

Ade2a, I really don't care what you do! I do care about you posting unsubstantiated claims and making contradictory statements about your own shareholding.

If you're really interested, I have about 5% of my portfolio in HFEL and it accounts for about 6.5% of income. It's enough to matter but not enough to determine my fortune.

404: I think the reason for the RNS is that this was a large amount of previously unlet space. They have released similar RNSs before (something in Glasgow?). The extra £558,000 of income equates to about 0.11ppspa which largely translates to the botttom line given overheads are pretty similar whether you have tenants or not.

I'd also imagine they welcome any chance to release a positive news RNS.

Warthog, I would put insurance somewhat in a different bracket to banking. Whatever your thoughts on Farage, it was wrong to de-bank him because banking is effectively a utility. Would you deny someone electricity because you disagree with their politics, or water?

But insurance is an assessment of risk and there are many types of insurance where a person with a profile like Farage poses a different risk assessment to other people. This would mostly result in a higher premium but could, in certain underwriting strategies, result in him being outside the target risk parameters. And I'm not just referring to if he claimed to be a teetotal, non-smoker!

"but African leaders did not get into a panic"......

When the pandemic errupted John Magafuli, President of Tanzania, told his country not to worry as he had "had a word with God and Covid was not a problem". A couple of months later he caught Covid and died.

30th August: "Out of interest I sold after I started posting on this board."

31st October: "Never said I was not a Shareholder"

Transparency matters.

"mr guitarsolo what is this?"

last comment as no need to get side-tracked. i never said the fascists, xenophobes, covid conspi******s etc were on this board. read it again.

anyway, glad you're a clearly stated shareholder now. transparency matters.

When did I ever ask you to sell (or buy for that matter)? Believe me, my happiness is not tied to what you do!

So now you claim you are a shareholder. Why on earth would you buy shares in a company that you have accused of dividend washing? That's completely illogical. But you've invested because you hope the dividend is maintained or even increased! Talk about going full circle!

[PS. LSE did some sort of reset and removed all those I had blocked. It's a right pain as it was an eclectic mix of right wing fascists, rascists/ xenophobes, Covid conspiracy theorists, general w******s and the disingenous (where you fell).]

Ade2a: why would it matter to me if you either buy or sell? You've pumped the dividend washing line for years and I've asked you for evidence of it. You still haven't provided it which may not be your fault because I don't think you can get that data. I can't prove otherwise because I too don't have the data. It's fine to put forward ideas in this kind of forum if you're being transparent but you did so certainly giving a clear indication that you were a shareholder, until you let it slip you weren't.

James, I think you’re mostly right with all of that! The bottom line is that the shares that HFEL has invested in have depreciated significantly in what is a horrid global market. Too much debt, too much frothy valuations based on what might be the next big thing. HFEL does seem to most closely align with the Hang Seng, which is somewhat strange as Hong Kong only accounts for 11.5% of the portfolio, about the same as S.Korea and Taiwan and less than Australia or China. But there you go.

Well done Bott for at least making the effort to engage with the company and for posting their reply to you. There are no great reveals of course but there are no obvious statements where they are hoist on their own petard. For example, an explanation that the funds from new issue are purposefully directed towards stock about to go ex-dividend (which is logical as those new shares need to be contributing to the pot as quickly as possible given the level of dividend cover).

Speaking of new issue shares, Cane Toad I don’t agree with your take on this. If new shares are issued at a premium (and they always have been) then that is beneficial to the existing shareholders, albeit marginally, at the time of issue. They have been used to buy more dividend paying shares which, unfortunately, have fallen in value as well. Hence we have the same book value but more shares, hence a lower book value per share.

As for the conspiracy theories raised re dividend washing, I agree with you James that there are agendas here. No one who espouses them has the evidence to back it up, primarily because I don’t think that data is available to us (individual trade data and lots of it). When people without any skin in the game want to talk down an investment I always wonder why. They may be right, they may be wrong.

Futurum, I think it is best considered as a % of your portfolio value as otherwise £30,000 could be a lot, or quite little, of your investments. Personally, I have been a shareholder for about 6 years (has it been that long?!) and have probably invested somewhere around 5% of the total pot here over the years. I haven't done the sums to be exact. That is probably about as much as I would want to risk on a speculative share.

I would also suggest you make sure you own SAV in ISAs as much as you can because what we're all hoping for is a massive re-valuation to reflect SAV's true value. With the recent changes to Capital Gains Tax and the reduction of the allowance you don't want to be holding shares outside tax wrappers and be thinking about how much tax you have to pay to cash in shares when they've risen! For that very reason I have this morning completed the long-term task of getting my entire SAV holdings inside ISAs so that CGT is no longer a consideration.

I just read the Master Investor report. Nothing we don't already know and the unambitious price target is not accompanied by any timeframe. Perhaps if you're on a 1-3 month time frame a potential 20% gain is a target. However, from 25p I would be looking to hold for many years and to multi-bag from here.

But the positive thing is that if articles like Master Investor's drop into investors' inboxes it will hopefully increase the general interest out there.

New River REIT (NRR) also states that its debt is unsecured on its assets (mostly retail parks). So I am not sure how unusual this is in the REIT world. I would imagine that if covenants are set at relatively low levels (e.g. 60%), which is low compared to what private equity would leverage, then there isn't so much need to secure the lending against particular assets but rather just leave it against the company.

Only about Lloyds Livestock! And given that LTI seems to think he has the right to "correct" other people's views on anything from Brexit to immigration on the LLOY board, then I have the same right to correct him. Don't you think?

But if you want my views on LLOY (I am a long term holder but currenty underweight with my holding) the company is benefitting from better NIMs, the end of PPI (we hope), defaults are not too bad, the buy-back is a good thing at these prices, the pension situation is not bad. However, LLOY is a bellweather for the UK which is in a bad place and likely to get worse (hence I remain underweight at the moment).

Oh I'd agree Brixton, but that is not how it works with LTI is it? He seeks to shut down anyone with a view he doesn't like (bully) and expresses unlimited certainty that what he thinks is correct (narcissistic). And he does it all day long!

Excellent news. Start of production in 2027 I see! The sequence of these deals is important as well.

Thank you for sharing Poole! It sounds like they should have listened to your advice.

Let's hope the installation/ commissioning problems can be put behind them and that proprietory information of how to fix them remains secret!

Well Richie at least you've moved on from when "the army and the prime ministers security detail start driving electric, I might start taking it seriously".....

I'd agree the EV market needs to makes its own case and Runner is correct that at the moment the cost favours company car owners (apart from the run around models). But ICE vehicles will be on sale for another 12 years. You'll be able to buy second-hand ICEs for 20 years beyond that I reckon.

I'm going to guess you're 51 years old which would mean you probably are never going to be "forced" to drive one. A touch of perspective......

Of the 33 police forces who responded to the information request, 26 are running some EVs.

And that was a year ago. "Pride clown cars"? Yep, you've been gaslit!

https://www.autoexpress.co.uk/news/359064/electric-police-cars-uk-exclusive-survey-plots-forces-ev-uptake#:~:text=Another%20force%20with%20a%20large,these%20and%20never%20public%20chargers.

Hi Apserger, of course that is your decision. Holding a masters degree in chemistry I am well aware of the dangers of metal fires and only a fool would deny that battery fires are a risk, albeit one we continue to learn to mitigate.

But fortunately there has never been any explosive incidents involving vehicles or houses burning fossil fuels!

Well Richie..... British Transport Police already using them and will be all-electric by 2025. You've been gaslit!

https://www.btp.police.uk/news/btp/news/england/btps-first-all-electric-response-vehicle-takes-to-the-road/#:~:text=The%20first%20British%20Transport%20Police,response%20vehicle%20to%20be%20operational.