Member Info for Krustysmegma

I mean, ffs, this should have been sorted out months ago! Not going to be pretty though, is it? Just hope the most recent update shows a significant improvement or this will dive when the suspension is lifted.

Completely agree StarBright, this feels like a once-in-a-generation opportunity to secure a very decent income going forward. Having recently added below 67p I've been raising cash in case this should fall below 65p when I will add more.

Oh, more than £100k invested then? Fair play, it's your own money you're gambling with & who knows, it could come good in a big way this time. Good luck to you.

Good for you. So you've got £68k left of your, what, c. £100K investment? Not looking too clever just now is it?

Bought some below 67p last week, will be buying a lot more if it drops below 60p.

StarBright, see my last post on 12 October below. NAV has to average 114p or above during the year, 30th June had increased from 115.6 to 116p so on course for the current f.y.

"it has never been proven that burning fossil fuels contributes in any way to climate change."

It HAS been proven, you're just not prepared to accept it.

... and how much life did it sustain? none. of course there'll be another ice age at some point, but our planet has been ****ed up by humans in less than a generation - during my lifetime. when do the charts show that kind of devastating change in such a short period?

Yes I know, but millions of years ago the planet didn't need to sustain life, now it does. So we do nothing because we can't, is that your stance?

Kever, presumably your "knowledge" of climate change comes from the same source as your knowledge of this share? Of course climate change has always happened, but when in the billions of years of earth's history has so much crap been pumped into the atmosphere with such devastating effect? Shouldn't we at least try to do what we can to slow down the impact we're having on our climate? Even if you're right, and this is a natural phenomenon, something is warming our planet at an alarming rate, and we need to at least try to help before it's too late. At least then, if we do all fry, we'll know we did everything we could to prevent it.

OK thanks fromage, I see what you are saying. I also agree with you re payback and an unwillingness to get involved beyond the (easy for them) W8-BEN for the USA & Canada. It's still frustrating though, considering the standard platform charge of 0.45% with HL puts them towards the top end cost-wise and they're still not meeting their customers needs in this regard.

Heaven, doesn't work that way, sorry. Brokers should really point this out at the point when punters are buying shares.

I've posted this from the HL website before fromage, the briefest of searches on their website gives the answer:

"Due to the complexity of the tax regimes in other countries, HL Asset Management will not generally reclaim tax credits on dividends or other income on foreign securities. However, if you have provided us with a valid W-8BEN form, we will claim reduced withholding tax payments from US or Canadian stocks, whenever possible."

Spot on as ever saintly, 4.79p dividend & sp currently down 4.8p

Just looking at the potential yield, and whether the current dividend is sustainable, this is an excerpt from the company's most recent (22 March 2022) declaration on dividend policy going forward: "if the average Net Asset Value per Ordinary Share during a financial year is 114 pence per Ordinary Share or greater (but less than 121 pence) the target dividend for that financial year will be 8.0 pence per Ordinary Share"

In the 6th September update, the unaudited NAV had risen from 115.6p to 116p. So every reason to expect that, far from falling back, the dividend could increase to 8p this year.

0715 I take your point. In it's final results, the company says "Dividends paid during the 12-month period of 7 pence per share, with an operational dividend cover of 0.90x. This was achieved with c.25% of the Company's portfolio operational at the period end." Since then, the Stony asset has been energised, which has increased the company's capacity by nearly 30%, but I accept that is no guarantee that the dividend is now fully covered. However, with a further 500+ MW of capacity due to come on stream by the end of 2024 there is every reason to expect, as the company says this morning, "Our dividend coverage is the highest amongst peers and will continue to increase and be underpinned as significant new capacity comes on stream over the next 12 months."

Very decent of them to wait for my buy yesterday before releasing this RNS, and a little bit of sanity does finally appear to be returning to the sp. Long may it continue.

Broomtree, you only get a dead cat bounce if the moggy dies. This tiger should come roaring back once the cage doors are opened.

I'm not in the least bit worried about these short-term fluctuations sidi, as you know I'm in this for the long-term potential for dividends and some capital growth. I've long-since given up trying to time my trades at high/low points, but whilst the company continues to deliver good news I will buy at every 5p drop from here on. Remember, the dividend here (currently well over 10%) is fully covered with only 25% of assets energised, according to the company!

I agree sidi, there's no logical explanation other than sheep following each other round the field. Just as a reminder, in it's latest update last month the company confirmed that the NAV had increased to 116p, income is increasing, additional assets being powered up, dividend increasing and fully covered, and the need for energy security (supported by battery technology) has never been greater. Sooner or later the NAV will be reflected in the SP, whether generically or possibly in a buyout. Think of how BP or Shell, to name two possible suitors, could improve their green credentials by taking out GSF at a level that would actually be accretive to their profits?

I've added to my holding this morning. K