Member Info for Krustysmegma

Oh, the Krusty Kurse, sorry. Maybe tomorrow...

792? Keep watching fromage, still 5 minutes to go and it's nearly there!

I remember those days spindok, with posters like Windows talking this up. My first buy was at 16p & within a week it had fallen to 4.4p. Pete Redfern spent the weekend talking the 80-odd lenders at the time into supporting the company. I've bought & sold some along the way so I don't hold as many as I did at one time, but still collecting a nice dividend twice a year.

Don't be too hard on yourself Alice, you haven't actually lost anything if you haven't sold. I've had that horrible sick feeling many times with shares over the years, including this one, but not every day is a bad day. SAR has a habit of rallying suddenly, for no apparent reason, and there's plenty in the pipeline to look forward to. Hang in there, who knows what lies ahead for shareholders here?

Yes Seawolf, but Mirati have a monotherapy and a combination in Phase 3 and various other mono's & combi's in Phase 2. Guess it shows what SAR could be worth in, say, 3-5 years of positive outcomes with no setbacks and funding available to get that far. I think a lot on here would take £1bn for an earlier-stage takeout.

Leave it right there Dr_H......

I make my own decisions as far as investments are concerned everhopeful, I don't take heed of keyboard warriors. gixer's posts on this board are the only thing keeping me going here. Everybody knows the product is fantastic, the issue is with the people charged with selling it. They work on the basis of bonuses & incentives, clearly they don't believe they can earn enough trying to flog Fruitflow so it appears from the numbers they can't be bothered. Yet what have PXS done - signed them up again to sell it as a gut health product! Unbelievable!!

Whichever way you spin in gixer, this company still has the turnover of a corner shop. We've been told endlessly to expect "multiples" of current sales, but today no-one can tell shareholders when that might happen. We've been told that DSM will be selling loads of Fruitflow to support improved gut health, but they shifted hardly anything when selling a product proven to improve heart health so why should we think this will be any better? And they're now saying, as clearly as they've ever said, that another raise is imminent. If I were BYHEALTH I would be extremely concerned about the financial health of my UK partner in a business they have invested significantly in.

Thank goodness I decided not to add another half million yesterday.

I'm just teasing, I don't think anyone expects anything other than the usual "multiples of existing sales" guff. I'm actually tempted to buy another 500k at the current price though. Any whiff of good news could easily send this over a penny IMHO.

Come on Dr_H, stop kicking the can down the road. c. £6m profit from the remaining stock you said, surely that'll be £1.5 million in the first quarter then? No? No, thought not, more of the same, as you now (like me) suspect. You never know though...

Indeed, nice to see more positive news flowing out of TMI now. With the big Grind divi and proceeds from the sale of the commercial & technical businesses, together with improved charter rates, there should be scope to reduce the debt further without having to sell further vessels (hopefully...).

Thanks guys, interesting thread. I imagine TMI really regret not having been able to acquire the 90% of Grind to fully take them out, but it's no more than a side-issue now as things progress. Agree there are more important priorities, chiefly running down the debt whilst retaining as many vessels in the combined fleet as possible.

It won't be dilutive for TMI but ultimately there will be more Grind shares in circulation. I did wonder if this might be to effectively reduce the % shareholding of those remaining Grind holders who have not accepted the TMI offer? Is there any significance if their total holding were to fall below 15% for instance? I'm afraid I don't know enough about US company law to know the answer.

Nice to see you back (again) sidi, hope you'll be able to hold on this time!

Re EPS of 0.55p and dividend of 7.5p, I'm not sure where you lifted the EPS figure from but here's what it says in the year-end report: "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."

Obviously the dividend has increased now to 7.5p, based on the company's own formula (which is very conservative). The big thing for me, and why I see this share being so potentially beneficial going forward, is that shareholders have paid for 100% of the assets, but only 25% of them were operational at year-end. Imagine what this will be generating once all the capacity is energised. I know it's going to get harder because there will be pressure on price, but hopefully the recent offshore wind auction, where the government received no bids, will bring them to their senses and they'll realise that green energy has to be paid for, like oil & gas has to be. And if they don't, expansion is more likely to come in Europe & the States than the UK. As you say, onwards & upwards!

Unfortunately it's behind a paywall:

https://www.tradewindsnews.com/bulkers/-no-skeletons-tmi-s-ed-buttery-and-carl-ackerley-press-on-with-grindrod-integration/2-1-1520750

Diamondman, I was replying to SFH300 on this thread, not your post on a different one. Apols for any confusion.

Hopefully some sanity might begin to return here now.

Rubbish. Anything held in your ISA or SIPP is free from UK taxation. Your Thungela dividend will have had 20% withholding tax deducted in South Africa before it is paid to you. This board has yet to find a broker prepared to do the work required to reclaim half of that, which in theory should be possible due to agreements between the SA & UK governments.

Well there we have it, all other runners appear to have fallen so we look to be heading towards oblivion. Let's hope, like VSL, that the directors are able to continue paying the existing dividend for a year or more whilst they sell off our assets. I'm not sure what alternative fund RM might find to roll our interests over to but I'm not holding my breath on that one. The search for decent, regular, reliable income payers has just become even more difficult.

I think you've pretty much summed up my thoughts on this share Candid. I'm also concerned about vessel sales as a method for debt reduction, but the Board gave assurances and are therefore committed. Assuming the debt targets are reached, the size of the integrated TMIP/Grind fleet still looks to justify the acquisition, albeit the timing couldn't have been worse from a market perspective. I believe the sp is very much in "wait & see" mode until TMIP can deliver efficiencies from the takeover.

I sold some here at 88p in January ahead of the half-year results, having become nervous about the debt etc. I'm looking to buy them back at 68p to reduce my average again.