Member Info for Harry34

Either there are some panic sellers, and some triggered stop-losses, or we should prepare for a profit warning.

He's absolutely right. Many businesses were forced by law to close, and even the exceptional level of tax-payer support through the furlough and business rates relief schemes could not mitigate all the effects of that. Many businesses, including Vertu, suspended dividends, and it is only appropriate that they restart now. I can see the case for the likes of Tesco, Sainsbury, repaying Govt grants, as they were open all the time. But there is no case at all for any dealership to do so. They simply took what was offered, and had no say at all in when they could reopen, and will have no say, either, about any future closures that could be imposed. Management should be congratulated for adapting so well, and growing the business, which will also lead to higher payroll and other tax contributions in the future.

Cenkos have just completed a (circa) £250m IPO for Round House Music. Biggest capital raise of the year. Tip for shareholders: do a keyword search for 'Cenkos' at the Investegate RNS website. It should bring up any placings, IPOs, equity raise, new broker appointments etc. You should then be able to track how the company is performing ahead of formal results announcements.

another great update from the company today!

Woodford sold about 5% of the whole company today. No wonder the price is dropping, with such a sizeable forced seller. Buying at this price brings a dividend yield of over 10%. As others have noted they have a credible plan to get to full dividend cover. One of my biggest holdings, but couldn't resist buying more. Same with STOB

good to see very healthy level of director buys. Usually a positive sign.

Love their latest RNS - just 0.1% of the rent roll exposed to Debenhams, and no other department store on the rent roll. Their rental strategy looking very savvy, and does not justify SP falls in line with peers with much more heavy exposure to department stores and the much bigger shopping mall centres.

Trouble is, aside from the small floatation announced today it is not obvious they have done any placings/capital raise this calendar year. So any strong results y/e 31st Dec will be tempered by an outlook statement that will suggest they will be significantly behind this current year. It is possible there will be a huge upsurge in fundraising if Brexit gets sorted one way or the other - but how likely is that?!

are going to be pretty good for Feb. This time last year was 'beast from the east'. Now pub gardens are full of people wearing shorts and T-shirts!

concerning there was no mention of progress at Carlisle airport - can only presume that is going to be significantly behind schedule too.

I've been topping up during the past week. Very 'crude' estimate: last year they did just over 8200 BOPD at $56 average and paid out a 5.25p dividend. They might still just about hit 8000 BOPD but the average will be well over $70 unless Brent dips significantly. So I can't see them paying less than 5.25p and probably more. So at 90p we're looking at a good yield, and still got healthy cash balances, some asset sales to follow, and potential to increase production in the coming years.

Good analysis, CJ66. However the 6 month figures are affected by the 75m of new capital raised at the end of Dec 2017. They did deploy that capital swiftly into new income-generating assets, but it will be a full 12 months before these new shares, (around 20% of total issue capital), register an annualised return, while in the meantime the company has to pay the quarterly dividend on the expanded share register. I would be more concerned if by full year results, or especially interims next year, they are still paying a dividend not covered by rental income. I agree with you that capital gains should be just that - not a means to support the dividend. I do like the fact that (from memory) single biggest rent payer is Barclays Bank and that alone only accounts for 2.7% of rent roll.

capital raising for clients and IPOs lower for the first half of this year against corresponding period last year, so far at least. Small �43m IPO announced today, but not seen the bid deals, such as the ESL float of last year, or the large capital raise for Hurricane Energy in the second half of last year. Hopefully dividend will be at least the same as last year so very good yield while we wait for this to re-rate. I recently sold out of NUM after making well in excess of 100% from my purchase price of �1.78. Felt that had got ahead of itself, (although still a great company), and so happy to hold CNKS which is on a higher yield and has not really seen much SP appreciation over the same period. Still wonder if we will see further consolidation in this sector after Panmure was bought out a year or so ago. Could CNKS be a target, or a buyer?

oh yes, I also never talk about my duds....(I can't bear to think how much I had invested in CLLN!!!)

The cash from the Eddie Stobart float alone would pay for the dividend for this year and next. That is before other surplus land sales and disposals. I think the board's comment that the dividend can be maintained until 2021-22 is credible. It is the ability to pay it out of profits from then on that is in doubt. However at 18p per share I am getting close to 18% annual return on some tranches of shares that I bought at close to 100p. So I am happy to keep holding.

is 4.5p, significant increase on last year's 1p. This suggests that they will pay a higher final dividend, putting this on a prospective yield of close to 10% if not higher. Since the half-year mark they have done the large Hurricane Energy placing and loan notes, and their comments on the pipeline were encouraging. My main concern is that cash balances have not risen, but 20m of net cash (nearly 1/3rd of market cap, all be it needing to have large buffer for regulatory purposes) is a reasonable safety net. Glad I topped up at sub £1

I haven;t had the dividends due in my HL accounts. Anyone else had the same issue? I thought the final results said it was due yesterday

funds raised at half year (end June) seem to be significantly ahead of last year. Plus two likely flotations, (a fishing equipment retailer, and Hipgnosis Songs) in the next couple of months. This makes it likely that they will record higher profits than last year, and so possibly pay out more than 6p in dividends. The level of the interim dividend will be important - will they raise it beyond last year's 1p? Even holding last year's overall divi at 6p implies over 6% yield at today's SP. I have bought a lot more recently, and might buy more after the interims. Still got net cash, although it is at a much lower level than previously.

my apologies - I missed that. However, good spot, and does suggest it is now likely

their final results for last year were issued on the 30th March 2015. So let's assume they will issue this year's figures on around the same date. The second interim divi will be paid on the 26th March, so potentially prior to the full year results. Plus they did clearly use the language 'second interim dividend' and not 'final'. I think therefore we might see an additional, small, 'final' dividend paid too.