Member Info for Krustysmegma

Oh, just read the rest of your posting history so don't bother replying.

Monkeyman: "expect a big drop in the share price"

Why?

I thought the bottom had been established at 60 having bought at just under 67 broomtree, so I'm now concerned that we may revisit the low. Yield over 10% at these levels though, even assuming 7.5p dividend. I'll have to look at buying more if sp falls below 65 again.

Yes, API being merged into CREI currently too saintly, so it's possible. However, I have API, VSL, RMII & TENT in my portfolio, apart from API all are being wound down. All are paying decent dividends currently, mostly covered, but are disappearing within the next couple of years making it harder for income seekers to maintain a diversified portfolio. Anyway, it is what it is, I've still got alternatives where I'm not currently invested but it's getting harder to pick safe investments for decent income.

"Disposal strategy" over 3 years. It's been coming, but why can't some of these property businesses merge to gain scale & reduce costs? Anyway, there you go, over & out from RLE.

Oh that's interesting, presumably a replacement for the vessel sale referred to in results? It'll be nice to get back to more healthy "old one out, new one in" transactions going forward, to maintain or improve the combined fleet.

Absolutely agree, seems like good news all round. Great to see gearing reduced to sub-25% as per the stated aim at the time of the Grindrod deal, future vessel sales will help reduce this further. SP doesn't seem to have responded yet so still time to pick up more cheap shares, surely at some point we'll get a re-rate. For me, the next positive sign I'd like to see is an order for new vessel(s) but I guess that'll have to wait for rates to increase significantly again from here. In the mean time, as Sam says , enjoy the dividends! Have a great weekend all. K

I think the main issue is the GB focus of the fund, and the UK Government's lack of support for clean energy. Compare & contrast with GSF where overseas earnings are at a multiple to those from batteries located on these shores. Dividend not currently covered either, which will have to be fixed soon or is likely to see the yield drop. For all that, it's still an interesting investment case, longer-term.

Taken to task by the US Congress, down 15%.

Taken to task by a couple of slapheads working out of a darkened bedroom with a short open, down 13%

You couldn't make it up!

Have written these off now. Expecting a lowball offer, probably from management, to take them private again.

Hope you're in the right ballpark there Mike, certainly be good news for holders here if you are. I'm hoping they can give some assurance that the worst is behind us now and that current / outlook for trading is looking better once we're through the traditional Chinese New Year lull. There does seem to be a more positive vibe around shipping companies just now, hope we can join the party on Friday.

Update Friday, will make interesting reading.

I've added another 5k today too luton @ 49.2p. Set my last 5k limit order 5p lower, after that I'll be buying in 10K lots at 5p intervals if the drop continues.

BigE: "I’m simply reporting on what I know from friends in industry."

Surely the very definition of insider information, so can't be a surprise to see the posts deleted can it?

Pretty sure both comments were light-hearted StarBright, the rounding of the two payments has literally deprived them of 1p each (i.e. not 1p per share) which I'm sure you know can happen in these circumstances.

Thanks ToS, genuinely think this one is a toss of the coin.

Be interesting to see what happens with both sp's next week once the financial papers have had chance to look at the detail. It still looks like a good deal for both parties to me. As an API shareholder I'm tempted to buy some CREI and/or more API ahead of the merger.

FWIW ToS1963 I've chosen to hold here in the hope that, eventually, shareholders will see something close to full value from the share NAV. Like you though, I suspect I could be making the wrong decision and that your call to jump ship could be the right one. It's certainly going to be a long, protracted process for those like me who choose to hold, but at least the Board have indicated we'll continue to receive the full dividend for at least another year. Only time will tell on this one, and good luck with your other investments ToS.

Just looking at the details of the proposed merger/takeover by CREI. Unlike some of the deals happening with several of my other income funds & Trusts, this one looks completely sensible and in the best interests of all involved. I'll be holding the CREI shares following merger.

I'm an API holder & I agree. There's a lot of synergy between the two and plenty of opportunity for price growth going forward. I'll be holding the CREI shares once the merger completes.