Member Info for Krustysmegma

Action's market value was c. £11bn of which iii stake was worth c. £5.5bn at 30 June. Hopefully up a bit since then if trading has been in line with expectations. K

Let's hope so Tovers, let's hope so. Everything they promised in the Prospectus has been delivered so far. Not sure I can add any more shares until after the first set of numbers but very happy so far.

No idea I'm afraid Tees, it's very welcome though. Let's hope there's news in the offing.

Seven more Handysize vessels contracted, as planned. All seems to be ramping up quite nicely here, once they all come onstream the revenue generation should be significant. If they're able to throw off a c. 7% dividend and generate the kind of revenues projected this could prove to be a great investment for the longer term IMHO.

Just out of interest, how many times does the gap need to be closed? I'd assumed it was once...

aa111 Brown? Oh, you mean...HER !?!?

"Looking back over pages of RNS’s not that many placings have been issued"
Hahahahahahahahahahahahahahahahahahaha!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!

Second-hand car sales soar amid shortage of new models:
https://www.bbc.co.uk/news/business-58150025
Quotes MMH's Chief executive Daksh Gupta's comments re current market conditions.

...and there we go, interim dividend of 8.86p reflecting the huge increase in sales. For this year only, the interim dividend represents 2/3 of the expected total, so the final dividend expected to be c. 4.43p but that's over 5% in total at the current sp. Impressive stuff! The outlook is a little more downbeat, reflecting realism that the current beneficial conditions can't continue indefinitely, but if MMH continue to outperform the sector in the way they have there's no reason to suspect a hard landing. K

https://www.sharesmagazine.co.uk/news/shares/as-house-prices-soar-home-builders-look-cheap
Highlights PSN & TW as being particularly undervalued (according to Marcus Cole at Liberum). Who am I to argue?

...and on the BBC website:
https://www.bbc.co.uk/news/business-58083883

I hear you richred, but they've only paid out £14m in dividends in the 3 years since listing, and potentially holding £238m in reserve. So that's equivalent to almost 60 years of dividends at the current run rate, assuming they don't earn anything from their investments. With more and more assets coming online, this seems a very prudent way of using existing assets to maintain healthy dividends for investors, at no great financial risk. I'll be voting in favour.

Excellent trading update this morning, very positive and bodes very well for results season. Hoping to see an increase in the dividend payment.

...and yet more good news. The capital reduction scheme and creation of a distributable reserve helps to underpin dividend payments in the event of a period of underperformance. Only disappointment is they're only converting £40m of the existing £238m share premium account. I guess they could ask the Court for a further capital reduction if they found they needed it. Anything that protects the dividend here is good news in my book.

Solid rather than spectacular performance, great dividend though. SP has recovered a little over recent weeks, hopefully this will continue going forward.

6% so far, great start!

Excellent report, benefits of the investments made last year starting to work through to total returns. Had to dip in to distributable reserves to maintain the dividend, but the reserves are so massive it's hardly had any impact. Solid stuff, great yield, onwards and upwards for EAT.

Could hardly have been any better. Improvements in all key metrics. Interesting how much they focus on anticipated significant increases in volume from 2023-24 onward, exploiting the increased landbank from last year. Very, very encouraging and hopefully the market will approve. Roll on the special divi in 2022!

TW never a leaky ship ahead of results, hoping FOMO might kick in before the close and push us on a bit though. Then all eyes on the announcement in the morning, hoping for a very positive outlook.

deansy, HL normally do a "bed & ISA" service whereby they manage the whole transfer process for you, and effectively the sell in your trading a/c matches with a buy in your ISA. Unfortunately they're not doing it currently due to Covid, but might be worth hanging on a bit in case they re-start it before the tax year-end? I'm certainly hoping they do as I have other investments in my trading a/c that I want to switch.