Member Info for johnjunior

This seems unstoppable at the moment... a slow steady improvement despite worries about oil prices and future inflation . The dividend payments for 26/27 will be calculated end of june and the NAV including todays 2 p rise ( as i write ) is about 254.2 multiplied by 5 is 12.71 pence so a quarterly dividend of about 3.17p is a big improvement on 2.81p. Lets hope the market does not take a hit before then.

I could not find where this news was posted and the same could be said of SMIF also due to declare the dividend payment today , I hope the failure to announce a payment today is not going to mean there will be a a cancellation of the dividend as you suggest as both funds have always in the last 12/13 years paid without fail. Neither share reacted much to this non declaration of a dividend payment and SMIF actually went up.

Kwaker .... looks like you called it spot on ..... a repeat of last April ....lets hope this is for real and they come to an agreement soon to allow ships free movement again

Maybe be brokers recommendation today .......underperform ......205 target...also MNG new target 260 same broker

And that was based upon NAV at 224 (end of june 2025)...it is now about 247/ 248 and with the buybacks looks to be heading higher than this for the end of the financial year in June . A good move for EAT to join with ESCT glad i stayed and topped up .Really need an end to the madness in Ukraine for everyones sake ....this year???

In 1999 Ftse 100 had risen strongly for 5 years or more mostly on the back of a new technology and most commentators agreed valuations were stretched to breaking point . Ftse got within within 70 points of a psychological barrier ....7000 but peaked 70 points short . Today the Ftse has had a strong 5 year run mostly on the back of a new technology which has led to overvaluations again . We are approaching another psychological barrier ....10000....in 1999 it peaked just short and never passed 7000 for another 15 years ...that day was December 30th......

First week in october EAT will be suspended and cease to be traded .....im assuming the follwing day a calculation will be made as to the ratio between ESCT price and EAT price as to how much EAT will form of the new company percentage much EAT NAV . I may be wrong but i have done a rough calculation and at present prices of both companies my 60000 EAT shares will become 26 500 ESCT shares .Based upon a prospective 5% of NAV dividend at the end of the year i will receive a dividend 740/750 pound per quarter in 2026 compared to 828 which i will receive on sep 24.......but hopefully capital gain may be better and compensate for the loss of ...dividend . of course as EAT said there is a minimum 5% dividend of NAV in 2026 ,it may be more

Sold 4209 @ 254.75 total holding 12000 ........reducing .......good dividend ....little prospect of growth

There is a lot about the RNS of the 23 rd June that makes me wonder how many shares I will have ,how much they will be worth and if my dividend will go down , but im really puzzled by their figures which combine EAT and ESCT which will create an entity whose NAV will be worth £780 million . I added the NAV of both shares` closing figures on the 23 rd by their respective shares in issue ( not including shares in treasury) and came up with a NAV figure nearer 938 million . Where am i going wrong ??

I use first direct sharedealing

Since 2019 i ve only received a few on time usually about 2 or 3 days late , on a Monday or Tuesday if its due on a Friday, My record is 12 days ...

Final NAV 98.33 multiplied by 6 = 589.98 ..I wonder if they will round it up to 5.9 pence for the year to make a quarterly payment of 1.4725 p.......Please??

Ive already made the exact same point last week about the managers poor selection and how the markets they pick from have performed substantially better than this fund . Maybe you had a day off that day . See the thread Hellooo.

It is true this fund has performed badly and has a high turnover of shares resulting in higher transaction costs , but spare a thought for shareholders of of Asia Dragon (DGN) which has a similar capitalisation and invests in the same regions ,since Feb 17th 2021 their share price has declined by about 41% but HFEL has only declined approx 35% .The drop in DGN is not mitigated by dividends currently yielding only .1.8% as measured against a HFEL yield of 11.2% .While im no fan of the fund managers performance a lot of the decline is because a poorly performing Chinese economy .

Is now the time to be greedy and not fearful?

Thanks for link .......so by last August 2022 full year revenue from writing options was about 2.9 million and half year february 2023 is about 1.3 million ? And HFEL are paying about 39/40 million a year in dividends ?

Where can we see the evidence of the option writing .. Do they issue income figures from options in the annual figures or when do they even discuss option writing in occasional messages to share holders.They may have discussed them in past communication but as yet in the nearly 5 years ive seen no detail .Where did u get your knowledge and detail of the option writing . If we could see such figures and satisfy any doubts then if the dividend is sustainable then the price of 2.16 is a bargain .

I have lgen and hfel and can say with some confidence that lgen is undervalued compared to its intrinsic value .Its predicting a 5 pc rise on next years dividend on top of this years 5pc rise.Im confident the dividend is out of genuine earnings but not so confident of where hfel get their money from .Warren Buffet says when a solid company with reliable earnings is valued well below its intrinsic value just take advantage of the cut price sale until eventually the market realises the true value when wage inflation and interest rates have turned downwards . Who knows when that will be . No choice but to be patient and reinvest dividends.

IN early October 2022 most of the stock markets HFEL are invested in were low but all are higher now including the Shanghai index . Taiwan, Korea ,Singapore Hong Kong and Australia are all higher one by as much as 40 per cent Yet HFEL which should be a fair reflection of this general improvement/recovery is LOWER now than its October low of 239 only mitigated by the dividend .They are continually raising money with their " issue of equity" sometimes as in July 4 times in a month .Where is that being invested or maybe some is being used for dividend payments?. The managers cant blame the performance of the region but must take the blame by their apparent underperforming stock selections .I wonder if they ever read these forums ? Mr Kerley, a random selection of stocks from this region would have done better than this .

Https://www.youtube.com/watch?v=ahhude8zA7c

Held HFEL since before the pandemic and in the last two years have received about £7k in dividends but have an average buy price of 296 so currently down about £7.5 k and with videos like this not sure when I watch videos like above not sure when I will see that again.