Member Info for Krustysmegma

OK thanks ffl, noted. It's not my info, it was copied & pasted from HL Q&A. I often find these things are out of date though so happy to stand corrected.

Mine received too, thanks.

SlaveTrader, do you honestly think these people are going to be taken in by your obvious ramping just by using a different handle? Please, show some respect.

Thanks for the heads-up Sam, I've sent them a secure message and will let you know how they respond. K

Hi Sam, here's what HL says about reinvesting dividends in an ISA:

"Reinvest your income

With this option, any income will automatically be used to buy more of your investments once it reaches £10 per holding. If you’d like, you can choose your own reinvestment level between £10 and £1,000. Reinvestments are made between the 11th and 21st of each month. If you’d like any share income automatically reinvested, we charge 1% of the trade value (minimum £1, maximum of £10). There is no charge to reinvest fund income."

I think it's broadly similar for a normal trading account or a SIPP too. The key aspect is the "Reinvestments are made between the 11th and 21st of each month", which presumably is a quieter period for them. You could, of course, hold the dividend in cash and reinvest it yourself if you wished. I don't think the dealing costs would be significantly different but worth checking. To do so you would have to change your instructions from "Automatically reinvest" to "Hold as cash". Hope this helps. K

I think we could see this in the 60's sidi, as you say, but equally we could see it recover very quickly to the 90's. That's why I tend to invest for the longer term rather than speculating on short-term movements. It also ensures I always collect the dividend, currently yielding over 9%.

Same here, I'm also with HL and nothing received yet. I often find it takes an extra day (or occasionally two) to process overseas dividend shares, probably due to the conversion. I wouldn't worry about it. The SP is still drifting, so you might end up with more shares if reinvesting the divi.

Hard to fathom why TENT has been picked out for special treatment though. Edison's most recent research note, published last week, includes the following:

"Triple Point Energy Transition's (TENT's) cash dividend cover ratio was 1.1x (1.2x excluding one-off listing expenses) for FY23, up from 0.14x a year ago when the portfolio was not fully deployed. TENT's relatively strong dividend yield (9%) and high discount to NAV (32%) have been difficult to explain and have become more anomalous now the dividend is clearly covered by ongoing cash flows. TENT's 1.1x dividend coverage was ahead of our estimate of 1.0x and our forecasts are now under review. NAV per share was 99.44p, up from 99.12p a year ago, and virtually flat on September 2022 (99.53p), with a total NAV return of 9.2% for the year."

Obviously the discount to NAV and effective yield have changed significantly since then, which should surely add to the investment case. Would love to have the funds available to top up at these levels.

As Terry says, everything in this arena has taken a kicking & many trading well below NAV. For me it's a case of digging in and holding tight until interest rates turn which will surely drive a re-rate across several sectors, not least green energy. If I had funds available I'd be adding, sadly I'm all in.

Yes I'd seen that Sam, thanks. Excellent as you say. Link posted here in case others haven't picked it up:

https://taylormaritimeinvestments.com/wp-content/uploads/Investor-Presentation_Q1-FY23-NAV_Investor-Group-Call_28Jul2023_FINAL_V2.pdf

alf, you clearly couldn't be bothered to look back at the previous couple of posts. your "i guess we can't afford to go after these folks legally" came immediately after gixer's "royal dsm n.v.: in 2020, royal dsm n.v. launched a new insoluble dietary fiber product called fruitflow® and dr_h's "they must be getting kelloggs fruit n' fibre mixed up with fruitflow", all under the heading "snippet", so i wondered what the **** you were talking about. thanks for the clarification.

That's what I'm hoping too toneman, and the sooner it happens the better. Probably next year though, the way things are going, and rampant wage inflation certainly won't help. Much of my portfolio is in renewables & REIT's so not been a happy time of late! Dividends are mostly holding up for now though, and most holdings performing well, it's just that the markets are in Armageddon mode again.

Thanks Nathan. The article includes the following comments:

"Oli Creasey, equity research analyst at Quilter Cheviot, argues in favour of being more discerning.

He suggests avoiding Persimmon, and also Vistry which has less of a cash buffer than its peers.

He says: 'In our view Taylor Wimpey is the company best-placed to weather the ongoing storm, with a very comfortable net cash position and one of the lowest overall gearing ratios in the sector – at around 4 per cent.'"

So many different "Snippet" headings I'm not sure who's commenting on what?

Wiscos who would invite him to a party??

Thanks Agricore. FWIW I am invested here and in GSF and continue to believe that both will be good long-term investments.

Yes, and now GCP looking to combine with GABI and take on most of RMII too. Things are beginning to warm up a bit.

Interesting RNS this morning, finally some movement on consolidation and enlargement. The GABI Scheme proposes a combination of GCP with the (smaller) GABI fund to drive economies of scale amongst other potential benefits. Since both are effectively in the Gravis stable, and both Boards support the combination, it looks certain to proceed IMHO.

In addition, GCP has announced that it is one of the two concerns who have been in discussions with RM Infrastructure Income regarding the combination of the enlarged GCP/GABI with most of the assets of RMII.

As with all these things, the devil will be in the detail, most of which has yet to emerge. On the face of it though, both of these developments could be beneficial to all 3 entities, and I look forward to hearing more as things develop. K

Interesting RNS this morning, finally some movement on consolidation and enlargement of the business. The GABI Scheme proposes a combination of GCP with the (smaller) GABI fund to drive economies of scale amongst other potential benefits. Since both are effectively in the Gravis stable, and both Boards support the combination, it looks certain to proceed IMHO.

In addition, GCP has announced that it is one of the two concerns who have been in discussions with RM Infrastructure Income regarding the combination of the enlarged GCP/GABI with most of the assets of RMII, where I also hold shares.

As with all these things, the devil will be in the detail, most of which has yet to emerge. On the face of it though, both of these developments could be beneficial to all 3 entities, and I look forward to hearing more as things develop. K

"How can TRP be a lifestyle company when the 3 Directors take warrants (only excercisable at a much higher share price) rather than taking a salary ? They have done this for numerous years now."

From the Preliminary Results published 19 June 2023:

"As noted in the Directors' Report, Pegasus Petroleum Ltd ("Pegasus"), a company owned and controlled by Jeremy Asher, received $381k (2021: $232k) in fees for management services"

"On 4 March 2021, the Pegasus Petroleum Limited loan facility, to which Jeremy Asher is a controlling party, was extended to the end of November 2021. Consideration for the extension comprised an increase in the production-based payments, the amount depending on whether the loan would be repaid by 15 July or only in November 2021. Additionally, simple interest would accrue at 12% per annum pro rata"

Doesn't sound like a bad lifestyle to me.