Member Info for Krustysmegma

Re TMI/TMIP, as far as I'm aware it's the same scenario as the old RDSA/RDSB shares. It's been this way since trading began nearly 4 years ago. There's been a close correlation between the two all along, accepting the currency fluctuations.

If you want to buy in £ and receive your dividends in £ then you buy TMIP.

If you want to buy in $ and receive your dividend in $ then you buy TMI.

Thank you for taking the time and trouble to post your message citizen, it is very much appreciated by both of us. Although my wife's condition has not progressed to this extent (fortunately), I will have a close look at the findings as it does say there is the possibility for earlier intervention at some point.

Thanks again, & kind regards.

Mr & Mrs K

Absolutely Sam, & as you say looking very promising for next reporting period. Just need a global trade uplift now and we should be set fair here for a while at least. Also the dividend must be about 10% at the current exchange rate, so in effect we could get our investment back within a decade - not to be sniffed at!

$120m loss for the first 6 months. Not great but probably about what had been expected. Doesn't help when the stated priority of the company is reducing debt. Also explains why so many vessels are having to be sold to meet debt reduction targets. On the positive side, looks like the second half has begun much better as far as daily rates are concerned, and as most vessels are on very short charter durations, plenty of opportunity to take advantage of any improvements as they appear. Good to see the average fleet age reducing too, bodes well for the future. All in all, not too bad - hope for better things at full time. K

Thanks for this citizen79, my wife is currently receiving treatment for MM and so obviously this has particular significance for me. Although this will probably be too late for her, given the length of time these trials take to arrange, It would be wonderful to think that at some point SAR could play a part in improving the quality/quantity of life for future sufferers. K

Excellent results, dividend increased and solid market reaction. Full year earnings forecast "modestly ahead of market consensus". What's not to like here?

Not really Realist1. If an individual share fails, you've lost your investment. If a majority of shareholders here vote in favour of a managed wind-down, we get our money back once they dispose of the assets. Accepting this could be a lengthy process, were it to happen.

Following market reaction to Halfords results this morning I'm pleased nothing came of the merger talks.

Pushed through 85p this morning broomtree, good call. Hoping it will continue to push north from here.

Volume again too Uncle_Doug, hopefully this is the market finally waking up to the fantastic opportunity here. The recent fall to 60p seems to have been the catalyst for smart money arriving, long way to go yet hopefully. I suspect anyone waiting for 30p is going to be disappointed.

Hi candidinvestor, your observation about the sale of ships is one I've made a couple of times before. However, there are several mitigating circumstances to take into account, including:

- The cyclical nature of all shipping businesses

- It's still very early days in terms of the merger with Grindrod, and economies of scale are yet to be fully exploited

- The need to reduce the debt, as TMIP said they would at the time of the merger

- The combined fleet is larger and combined revenue much greater following merger, so the company is actually growing strongly rather than "dying"

- The vessels being sold are predominantly older Chinese ones which are less efficient and therefore less profitable

Also, you haven't lost 16% here unless you've sold up. You may be down 16% (my average is just under 87 so I'm down more than that) but this is a long-term investment (as all shipping company shares are) so sit tight, top up (like sam4224) if you can afford to & wait for the inevitable upturn. In the mean time, keep collecting a very nice dividend. All IMHO of course, you must decide what to do yourself. K

Trek, for clarity re rounding on consolidation, here's what it says in the timetable:

"Expected date for payment (where applicable) of fractional entitlements for Ordinary Shares" on 14th December.

To be fair, the rises on here usually come out of the blue. I've commented on it before. Either way, it's great to see. Let's hope this is just the beginning.

Looks like the end of my recent buying spree, let's hope SAR is about to blow the bloody doors off!

Not far to go now broomtree, 83p on the ask. If this is the start of a Santa Rally I'm looking forward to 22nd December!!

Blue already, 82p on the bid! Like you, I expect a bit of a pullback at some point but this is still set fair mid- to long-term IMHO.

Yes broomtree, little bit more volume now too as StarBright was hoping to see. Let's hope this really is the beginning of a rerate and not just a flash in the pan.

Hope you're right broomtree, anyone sitting on the sidelines has already missed out on close to 25% recovery from the 60.5p base. I'd like to see it reach & hold 75p before making another call. My average is just above 81p so that at least is getting a bit closer.

Welcome to the TENT damofarl, good to see you in here now. Hope camping is a long & successful new hobby.

Hi-de-Hi!

AJ Bell reports that 3.75% of all investment trust buy trades placed in October were for GSF, placing it 7th on their top 10 chart. Don't ever remember seeing GSF on this chart before:

https://www.sharesmagazine.co.uk/news/shares/revealed-the-most-popular-investment-trusts-in-october