The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
I keep typing out long messages & then deleting them because I don't want to cause offence. I'll just say, this 10-bagged between September 2020 & August 2021 and leave it at that. I have a buy order in for another 5,000 @ 45p which, once again, I don't expect to fill (like the last 5, which all filled...), if it drops further I'll be buying in 10,000's @ 5p intervals.
There's a pretty big gap between the SP & the NAV here now, which means the markets are expecting pretty spectacular growth figures from Action. Today's numbers look extremely good to me, but perhaps the growth numbers aren't quite at the level forecast by the markets. That plus a little reverse on exchange rates which didn't help. Not sure if others on here have any thoughts?
OK well in theory you're right of course, there could be a vote to reverse the original vote. I don't see it happening though, I believe it's much more likely we'll start to see funds returned to shareholders relatively soon, maybe in the next couple of weeks even. Hard to see any way back once that starts to happen, surely, despite you & I (& I'm sure lots of other PI's) wishing it would.
You're either a liar or insider trader, which is it?:
Bet you're glad you got out when you did sidi!! Are you tempted back at these levels? As you can see from StarBright's summary below, the UK accounts for less than 20% of GSF's revenue, so should be much more resilient in terms of maintaining the dividend that GRID has proven to be. I'll be buying more if this drops below 65p.
StarBright, interesting point about the NAV and dividend payments. I'm a long-term holder of TW and they have recently changed their dividend policy in a similar way (they're committed to paying shareholders 7.5% of NAV p.a. by way of dividends). I can't help but agree with you, it would seem to make much more sense (to me) for companies to pay dividends from free cash flow rather than the NAV, which may be at a discount or premium for reasons outside the company's control.
Re the 8p dividend, I think I'm right in saying the metric for this is based on an average of the previous year, so in effect it will lag the NAV increase by 12 months. I therefore still expect a dividend of 7.5p in the current year, hopefully increasing to 8p in 2025.
T_o_D thanks for the heads-up, I neither hold nor follow GRID having looked in depth at their business model so it's useful to get some context for this morning's fall.
Yes it could be ria, or it could be yet another opportunity to throw good money after bad. You & British Bulls obviously think the sunny uplands await shareholders.
British Bulls have turned £100 in TRP into £9 in 2 years, according to their own chart. Not sure whether that includes dealing costs for 76 trades. I can see why you'd be paying so much attention to them, they're doing better than most on here.
4 candles?
That was yesterday ("pump").
Today is a sell rating ("dump")
Doesn't sound like this is for you then alibaba. Thanks for your thoughts though.
It's already been voted on Gs so there's no going back now. A bunch of greedy fund managers decided they wanted to cover some of their losses elsewhere by splitting this up & banking the NAV. It's backfired spectacularly on them though. Why they couldn't just take the 10% dividend on offer & keep quiet I don't understand I'm afraid. It's a rotten outcome for everyone, particularly income seekers looking to supplement their pensions.
Haha, a month without receiving a dividend would be a bloody disaster saintly! A week makes me twitchy. Which reminds me, EAT should be paying out today...
Already locked in profits so on a free carry now. Probably should have held (definitely should have held in fact...) but had my fingers burned so many times before, including here when the dot com bubble burst.
Potnak, re Del Boy, fair enough. Please accept my apols. I think we are, perhaps, closer to a breakthrough than many here think, and therefore any negotiations would be on a much firmer footing once news is released. But it is just my opinion, appreciate others have different views for a variety of reasons.
Only wish she was still with us monkey.
I notice that, like me, you're in RGL. I thought this was your only turkey?
I take the opposite view potnak. I don't want Del Boy & Rodney getting involved just when the goose is about to lay the golden egg. Within the next 12 months there could be all manner of exciting developments here (yes, yes, you've heard it all before and we're all growing older, I know...), then let's worry about who's negotiating on our side. Anyway, isn't Parker supposed to be the ace deal-maker? Just relax, give them some space and buy a few more cheap shares while you still can.
Thanks saintly, I've still got a few shares that are keeping my head well above water for now at least. Hope you're doing ok and keep banking those dividends! K
5th August 2021 it was still a penny share...