Member Info for jamesmaggs

I guess it varies from broker to broker although I have to say I haven’t had that issue so hope you get it sorted at some point.
This one languishing against a wider market bounce but noticed some larger trades and the liquidity offering more two way trade than of late. My strategy is sit tight here and add a few here and there and ultimately a return to monthly divs will be the time we see a rerate and our patience rewarded,fingers crossed!!
A few good days in the wider market much talked about but from a massive sell off/low point but hopefully some substance beyond a relief rally!

Evening all. Looks like one of those days when you dare look closely at the p/f! Still way down overall but recent purchases doing okay....not all mind you!
Small birds making good nests in my big supported climber areas and the pigeons preserving despite the interest of the hound!

It’s certainly been an odd one on liquidity with buys shown as sells etc,added a few more first thing and that was the case for whatever reason but I’m happy to chuck a bit more in as I like the diversity of projects and more importantly the potential for juicy monthly divs at some point on the horizon.
The March dates were like a supermarket free dash for sure and I managed to get a load of trusts and reits for the longterm too and since then I’ve tinkered around with various bits and bobs thinking longterm as I learned the lesson from ‘08 not to sell everything that went up a few pence just to claw back other losses...time will tell!
I haven’t had any problem buying the others mentioned in a nominee account although had to do some tax forms for DGOC aa they’re American I assume.
Fingers crossed that massive discount to nav narrows and we get our monthly divs again in the near future. If they went to wind down I’d like to think the constituents would raise more than 20-odd pence for sure.
Strange times currently and if experts can’t put values on property assets and just about every asset class because of the virus,this is bound to be a difficult one to value too but my thinking(hoping lol) this will come good as we all need power sources and anything with a hint of green energy from waste is very investable and increasingly these days!

Tbh I’ve accumulated so many holdings that I’m not really bothered about individual ones and happy to let them languish unless it’s become obvious they’ll go pop like we had with ALY recently which thankfully I did get shot of(except the big ones which in my case are imperial brands and shell/Bp and all eyes on dividend policies with them going forwards!)
Difficult to guess which ‘recoveries’ will recover and I still look back at the last big hiccup in ‘08 when woolies were teetering along with Taylor wimpey at 2-3p....at the time when building companies were dropping like flies you’d have thought Woolworths had a better chance than the latter with their brand,longevity and coverage and selling cheap stuff on high streets etc etc and look what happened!
Good idea for your little ones there Troj. I’ve been extending high frames and training climbers into a huge ‘ball’ of foliage and they’re really getting stuck into that now as the bigger ones can’t get in(and nor can Rosie!!!).
Sounds like you’ve tried everything on the sleep issue,I guess just try and grab some when you feel like it is the best way.

Easy stone to work on then mate, you can get working on your bunker complex during the weekend lol
Sounds like you do a lot of cat napping,I guess as long as you get your quota of sleep it doesn’t really matter how and when?
Mick, I’ve still got a thousand of those blooming staffline too mate....however much I resist,the top faller on whichever day I’m drawn to like a moth to the flame...sometimes it works out though!

Thanks for your insight here. I originally invested along with SSIF,BCPT,SREI etc for the monthly divs and as far as I can see only one currently behaving itself but I’ve added more in all as I share your penchant for regular income and would like to think they’ll all come back at some point. Interesting you’ve also got Hadrians Wall as I got some dosh from them the other day although I haven’t added there to date.
On topic it’s quite a complex set of investments and I have to say the 73 page recent report was hard going!
Saw a snippet of an AD plant on ‘Inside the factory’ on tv recently(I think it was the Cornish pasty one) and the concept of producing clean energy from waste is certainly on the money these days.
I read somewhere that JLEN had invested in a plant recently but don’t think it was one of ‘ours’ but reassuring nonetheless as they’re well known and respected.
When you read into it they seem to have a lot more going for them and fingers in lots of pies.
My only thought is there’s still a big seller lurking which is hammering the SP but if and when the overhang clears then hopefully that discount to nav will reduce somewhat?
It always seems bizarre to me when we all know the SP will rise once the seller clears including the seller,so why does the seller keep selling as no one else would if they knew the price will pop back up when they’ve sold!

Any thoughts from fellow holders on the huge discount to nav on this one?

Dry stone okay if they’re flattish but the chunky knobbly ones I’ve got need that mortar or it’s just a series of piles!!
XPD, only bought a few but liked the slightly bullish tone in their update which actually mentioned seizing opportunities rather than the usual ‘we’re buggered and hoping to survive until the next raising/handout’ lol.
It’s amazing all the places they find to nest,built loads of bird boxes here and up at the land but haven’t been able to check the occupancy levels up there for some reason!!
Sleep patterns eh, maybe a few sprigs of lavender under the pillow....or alcohol???

Whichever way it turns out there’s going to be questions asked about the credibility of the buyer’s finances and I’d imagine there’s some very nervous lawyers worrying about reputational damage too!

Hope everyone okay and staying out of trouble!
Cracking week weather-wise,shares slightly down on the week and added a few bits,some up,some down. More diversified than ever in my holdings and pleased to see some are actually declaring and paying divs,mostly trusts and Pearson today and a few doing just scrip divs like xpediator which I have to say I dipped in as their update was the most balanced and positive I’ve read for ages.

I agree the corporate lawyers will be milking this one and since the virus has changed everything the valuations are going to be on a forced sale price even if there is a buyer. The terms and strength of the contract is irrelevant if the money isn’t there or doesn’t want to be IMO.
I note the SP hadn’t yanked today so maybe already priced in and Liberium reiterates hold and TP 250 today which I think we can all take with a pinch of salt!
I’m still curious on the mechanics of any potential reneg post-exchange as to whether it can actually happen over and above all the contractual considerations,gut feeling is the money would find a way if it was going to happen...see how it plays out. GLA

I’ve only had two failures to complete in thirty odd years,both at the end of ‘88 which I’m sure we all remember with huge trepidation!
Admittedly both were in residential and in both cases the vendors solicitors passed the ‘reduced’ deposits to the client and gave up trying to get the balance of the full 10% as it wasn’t ever going to happen and since the vendors in both cases still had full VP on the properties they were remarketed.
Accepting this is a big commercial deal and no doubt more complex than the kind of stuff I dealt with,is it too simplistic to assume the vendors here keep the £21 million,interest if they can get it and are free to remarket straight away if the purchasers fail to complete within the notice period or does all the dosh get swallowed up in legal wrangling because of the terms of the contract which inhibits a quick resolution?
I guess any potential reneg wouldn’t happen in the normal way as we’re post-exchange?
Tbh I’m well underwater here as I’m sure most are and deliberating whether to average down or just bottom drawer them for now and welcome any comments.

I think the polite way of describing him is a loudmouth...sometimes entertaining mind you!
I think I’ll be focusing on some more stonework tomorrow rather than watching the shares drop lol.
Keep safe all you lot.

Busy on here this evening!
Troj(from 3 pages back lol) I think he’s more obsessed with himself than anyone else mate!
Now how much oil can I store??

Methinks he likes the sound of his own voice,always remember that awful version of the Apprentice America he was in and all the loud mouthing that went on!
Yes the irony if the ultimate sin stock became the saviour from corona!
I guess my oils and oil services ones won’t be going up tomorrow then lol!!
Night mate,catch up soon..

Cheers bud,certainly defensive and on the money as are strangely the tobaccos. Read somewhere that BATs were working on a corona cure from the tobacco plant....if that happened it would stir things up a bit!

Just timed that right then mate. I did reduce costain to a base holding Friday plus thinned out the AA ones to raise a few quid for other bits I’ve shoved into the ‘maybe maybe’ drawer of recovery stuff,like you say a big rise normally reverses with profit taking so might as well have some of it myself( cos it doesn’t seem to happen to me that often!!).
Oil bound to bounce back at some point but frustrating I’ve probably used more of it doing the fences than driving anywhere in the truck which I haven’t filled for weeks!
Rosie very frustrated about not being able to get out there and chase rabbits etc,not sure I’m going to risk ‘sneaking’ over a hundred miles or so with the all new police state in operation with the added risk of informers with nothing better to do....no wonder the oldies keep referring to the war with all this malarkey and strange food blank spots here and there. Still reckon if/when it’s all over the reflection will be about the shops running out of loo roll when it all kicked off!! Night mate and all.

Hope everyone safe and well.
Ended the week lower than I started it which is quite annoying particularly with no divs to soften the blows but at some point things will pick up as they normally do!
No land visits for me just doing jobs at home like stonework and painting fences etc which is vaguely positive. Was nice to see costain have another go last week and the IC got that one wrong again lol.
Any opinions on the oil services ones like wood group,petrofac,hunting,plexus,lamprell,weir? I’ve got the set and trying to decide whether we’re at the bottom on them to add?

Nineteen Eighty-Four centres on the consequences of government over-reach, totalitarianism, mass surveillance, and repressive regimentation of all persons and behaviours within society

That’s a lot of beer Kenny,shame the pubs can’t sell it off licence like the bottle shops in Oz?
Mick,it’s all about control. Accelerating the demise of cash use too so they can track all our transactions easier. Newspeak,thought crime next gulp!