Member Info for Krustysmegma

Will probably regret it but started getting into "too good to be true" territory & my instinct kicked in. Won't be parting with any more, & will buy these back in any sp weakness going forward.

Ha ha, yes Laz! "My name's Krusty & I'm a Sariumaholic" - they say the first step is admitting you've got a problem!! GLA.

Come on Dr_H, keep it real. We were waiting for Chinese New Year, then on 24th Jan "within the next 5 weeks things will change forever." That's 5 months ago now & we've had nothing official about SAMR approval. We all want it to happen, and know it will be truly transformational when it does, but ramping isn't going to make it happen any sooner. GLA.

21p on the bid, still can't believe what a difference 1p makes. 15p at the tax-year end, that's quite a rise in less than a couple of months. Hope it's a sign that things are beginning to move forward now, pending news of the successful completion of the safety trial.

Firmly on an upward trend here at long last. Still a long way to go to get near the NAV of course but certainly green shoots of recovery. And still offering a pretty decent yield at this level too.

Thanks Dartron, that's helpful. Like you I appreciate hearing the other side of a debate as it helps inform my decision-making going forward. On balance, this is still a wait-and-see "hold" for me as it's one of my smaller holdings and, as you rightly say, still paying a decent dividend. Good luck with this & your other investments (including NESF!).

Dartron, I don't believe the dividend is sustainable or I'd be right with you. Don't forget, the AIRE Board unanimously supported the AEWU bid in principle at 4% below NAV - why would they do that if they didn't think it was in the best interest of shareholders? Appreciate others have different views about this, and I hope they're right, but I've been caught out so many times with dividends suddenly being slashed and this one feels very similar to me.

As to why people might sell if the price dropped 20%, that would be fear of it dropping another 20% IMHO. People always seem to flock to the exit when thinks turn bad in my experience. As I say, I hope I'm wrong, people will ask why not sell but I'm holding for now in the hope of a favourable outcome.

The 66.5p indicative offer made in November last year is irrelevant now as it came to nothing. Based on the tone & content of the Glenstone RNS, they have no interest in AIRE investors and are simply looking to acquire the minimum number of shares required to hold a majority interest here. I've no doubt they'll make a dirt-cheap offer (c.50p?) knowing the SP will then drop dramatically and allow them to hoover up cheap shares on the open market. Job done! The future looks pretty bleak to me, sadly.

Sorry to hear this Sam, like you it's a case of expectations not met for reasons I still don't understand. I'm hanging on for now although my holding has gradually reduced over recent years through sales and compulsory purchases. I've been looking at FAIR for a long time now and might look into taking a small position there following recent consolidation (although HL doesn't allow online trading which is frustrating). Currently yielding c. 11% and sp has been relatively stable (although not increasing) whilst I've been monitoring it. High risk but high reward - sound familiar??

Anyway, good luck with your other investments, will always look back on our discussions on here with Mike as positive although it hasn't turned out as any of us would have wished. Catch you on other sites where we share an interest, as you say. Best wishes. K

Another Deutsche Bank rerate - 1050!! SP going from strength to strength now, 4-year high and hopefully plenty more to come. Wonder if we might see an increase in the dividend, if not this year then next?

Well that didn't work out too well did it?? Couple of bad days for the SP here too. Ah well, long weekend, hopefully Tuesday will bring a little more cheer. Have a great weekend all. K

Anyone have any thoughts on why we need an EGM? Market doesn't seem concerned.

Ha ha, I bought more TW shares on Friday! I've held since the collapse in 2008 & (eventually...) managed to trade myself into a very healthy position there, unlike here. Must admit to being concerned about the trading update, the market often reacts badly even when they announce good news. Fingers crossed on that one overnight.

Davey, brugel, you guys are in BIG here! I wish I had your confidence. I only hold 20k as part of a balanced portfolio of income generators in retirement. On the plus side, having traded this since 2008, my shares are free running & I have another £15k of profits to invest if/when the time is right. So I'm happy to be small-time for now. Good luck to you both, hope it works out for you.

I'm holding for now too Sam, not through any belief that things will improve but purely to avoid the reality of trying to replace the income I've enjoyed from TMIP from the remainder of my investment here. And avoiding the temptation to create an account at Ladbrokes lol.

This has been my most confusing investment by far Sam. The Grindrod buyout was sold to us as the greatest thing in the history of shipping but has turned out to be a white elephant. As a dividend investor, I'll now be left with a rump of shares with little (or no?) expectation of future dividends pending sale of the remaining assets. My shares will be worth roughly half what I paid for them, compensated for by a similar amount of dividends received over the years. In other words, it has been a complete waste of time. I now have to work out how to plug a big hole in my income with what I have left. I think this will be my first, and last, venture into the shipping sector. Sad end, and still impossible to fathom?

I've built a portfolio of falling knives. Buy low, sell high - that's my modus operandi. Added 3,000 this morning @ 83.1712 for the long term.

So why not accept the terms of the merger with AEWU? Don't get me wrong, I love the dividends, you just have to wonder how sustainable they are going forward. Anyway, it is what it is, look forward to the next dividend announcement.

Oh well, there we go, it's dead in the water. Wonder if AEWU might turn their attention elsewhere now? They've clearly recognised that size is important in this sector, something that AIRE perhaps haven't yet grasped, or simply don't accept?

Tuesday at 5.00pm is the theoretical deadline for AEWU to make an offer or declare that they won't, fwiw I expect the deadline to be extended to allow further due diligence. Seems to be the pattern with these things - let's see.