Member Info for Krustysmegma

More going through now alf, be nice to finish above 0.60 and break out of this range.

Hi eccles04, as neither of the funds have commented specifically about a takeover/merger then it has to be regarded as rumour at this stage. However, it's likely that some discussions have taken place IMHO as both parties have expressed openness to such arrangements going forward. Just wait & see for now I think.

Re the yield, yes 12% is about right at 8.43p target, you can never rely on LSE data for dividends & yields. HL is more accurate but not infallible, reality is they don't prioritise keeping up to date with this stuff.

Blackstone took 3 months (3rd March to 4th June) from initial discussions to confirmed bid for WHR, including at least 4 extensions to PUSU deadline. Just as an example, obviously every DD process is different.

According to HL, 4.93% of the RM Alternative Income fund is held in GSF. So I think you've put all the pieces of the jigsaw together now.

"Furthermore, dividend cover is significantly higher for FSFL than NESF."

Most recently reported FSFL 1.3x covered, NESF 1.1 - 1.3x covered. Not sure that's significantly higher?

Anybody on here buying this morning? Bit of volume going through.

Lots of chatter on the NESF board about a possible bid from FSFL for anyone interested.

I hold NESF & FSFL. Both are great income shares, but I'm showing a loss on both shares currently. So, for me to vote in favour, they'd have to demonstrate how the new entity will trade closer to NAV as well as retaining or increasing the combined level of dividend. The merger/takeover would make much more sense to me if/when both companies are trading closer to their NAV, so the deal reflects the true value of both funds. Happy to wait for that to happen.

Agreed broomtree, but we've also had the opportunity to buy more sub-50p since then, so for those of us who took it up the 7p total looks very attractive. It's just the confirmation we need now. In "normal" times you'd be looking at a SP of c. 130-140 to generate that level of income, so still a long way to go here I think (hope...).

Yes, received mine today in HL.

So based on last year's dates, this is likely to be the month where the speculation ends and the final-quarter dividend is declared. Quite a lot of reputations hanging on it I would say.

Will look to add when funds available, becoming a compelling story here.

Yes useful update this morning. 2024/25 dividend 1.32x covered and 2025/26 target 7.96p. Reduced fee structure reflecting discount to NAV, record cash generation, continued buybacks. All looking good to me.

Same here, I'm with HL. Guess it's the conversion into GB£ holding it up.

Profit rising rapidly, in line with expectations, should confirm a nice dividend increase next month at the half-year. Onward & upward here IMHO.

"Post reported for potentially misleading statements"

On that basis, how many of SteveWilliams posts have you reported?

Two ways of looking at it Meconopsis. You will receive the £600 as you say, but your investment in this scenario is c. £5,500, not £10k, hence the 11% yield. So you've got the same dividend plus the capital gain. I take your point though, you could crystallise the gain and make £800 by investing the £10k in a company with an 8% yield. Food for thought.

Amazing how many people don't take that into account casapinos. I have a "yield" column (dividend as a % of current SP) & one for "my yield" (dividend as a % of my average), very useful tool and also prevents sale of holdings where the "yield" is falling but "my yield" remains attractive.

Yes I've been moving mine over into my SIPP, not generating enough income yet for my ISA.

50m? So that'll be 500k following consolidation. Then you'll be blown out of the water by JA & his mates following the next placing. Still, at least you've only got £12k in the game, some on here stand to lose a lot more than that, even before the rig is in place... Enjoy your 50m while you can.