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Darkest days before the dawn.
NO - 30-35!! Just bought another 5000 @ 34.2p Didn't they tell us yesterday the trial is progressing well? Do people not believe it??
40p on the ask again, few buys triggered so will it bounce straight back...??
I plan to tender my dividend, all things being equal by then. I know it's a risk, but holding DEC is a risk. If it works this time & they continue to offer this option I'll probably do it in future too.
NAV gradually recovering and the SP is trying its best to follow suit, hope it will continue.
Everything aligned except the funding bratt, because they don't have a pot to p!ss in at TRP do they?
Hi StarBright - yes I'm in BSIF. My portfolio consists of speculative growth shares (SAR where I've been lucky enough to accumulate a significant holding free running & PXS where I haven't) and then income shares to supplement my pension. So in that context, BSIF is one of around 40 dividend payers I hold as part of a diversified portfolio. It's at the lower-risk end and, as mentioned below, the dividend is almost 2x covered and yielding almost 9%. I hold a number of other renewables, including NESF & FSFL, all of which have suffered with the sector being out of favour but all still paying decent dividends and trading at a big discount to NAV. I would top up if I could but I've got other targets just now so will have to wait until more funds become available or things improve on the growth shares front.
Have you got any specific concerns about BSIF or have you not had chance to run the rule over it yet?
Yielding over 11% on 7p dividend now sidi, it won't stay like that forever...
BSIF is another, confirmed dividend target of 8.8p which is approximately twice covered and still near year-low sp @ just over £1...
Sorry coolbeans, I had that completely wrong. Don't know what the hell I was reading, must have been half asleep this morning. Thanks for the correction.
Nobody seems to have picked up on their intention to sell the tendered shares on the US market. So, a 5% premium plus or minus any discrepancy between the UK & US share price during the tender period. That's how I read it anyway?
Appreciate that Aber, but the shares I'm buying back now were originally sold at 6.03 in old money (about £30 at today's rate) so not much more than 1% of what I sold them for (that can't be right can it? I think it is though...). I'll keep buying down in larger volumes as the price drops, it's really ridiculous now how many shares you can get for a couple of £K and if they want to throw even more at me, I'll just keep building & building my position here until I spend all the winnings. I understand I could end up with 3/5 of f*** a** but the worst case scenario will be not losing any money and who knows, at some point it could still come good. Nothing has fundamentally changed apart from a lousy funding deal. Some of the directors are hurting much more than me so it's in their interest to sort it out for us. I've more than achieved my target here to hold 0.1% of the company so if it comes good & goes to £1Bn mcap (yes, I know, but IF it did...) my shares would be worth £1m+. I guess that will change after the next RF issue but I'll cross that bridge.
So that's another 5,000 added at 39.4, I know I said I would add 10,000 below 40 but the way things are going there could be buying at 35 by the end of the day or tomorrow so I'm holding back some funds just in case. GLA.
Buying at 40.00, sells at 36.55 Hold on to your hats.
There's no comparison with GRID, they're completely different business models. I thought you said you'd done more research?
This is UK market capitulation in the face of higher-than-expected US inflation reading. And it's not pretty.
Thanks again strictly for your additional commentary on the current shenanigans, I hope the BWY investment works out well for you. I didn't listen to the love-in session I'm afraid, I tend to think that personal motives far outweigh any corporate or shareholder interest in such deals so tend to take them with a pinch of salt. You mentioned Steve Morgan's alleged blessing for the deal, presumably he'll find it a lot easier to shift his holding in BDEV shares than he would have done in RDW without shaking the market, so that could account for his apparent appetite for the deal. Who knows? Anyway, enjoy the rest of your time in Spain, don't rush back here because it's bloody cold & miserable still. Best regards. Krusty
Watch for 2023 full-year results on 22nd Feb stargate, we should know more after that. The 6.4p includes a special but doesn't include the final for 2023, so really need some clarity going forward.
Goldeninvestor (my god they're coming out of the woodwork this morning) Jeremy owns a controlling interest in the company. If he hadn't continually bankrolled it by buying shares over the years there'd be no company! Are YOU going to buy him out?? Perhaps IQ7 thinks there are people lined up to buy him out??
IQ157 (you wish...), that is easily the most ridiculous post I've read on any board on LSE. Ever! I mean, just read it again man & try to understand what you've written. Clue: There's some help from Torino in the next post on the thread for part of it, the rest is just nonsense!
I get the analogy, thought of it myself, you could even stretch it as far as Bentley if you wished. As the new Skoda Enyaq Coupe starts at £50k you could even argue that all the marques have moved up a division, and that Skoda is now a premium brand, although it's taken 35 years to get there. I'm just not sure you can assume that people buy houses on the same basis as they buy cars. I guess we'll get some answers if this goes ahead.