Member Info for Krustysmegma

Yes, fortunately the market doesn't seem to have noticed and TMIP have not acknowledged it via RNS. Dividend cut to virtually nothing so that won't help TMIP or us.

What a mess at HOME REIT! Looks like someone has been selling their holding here in response. Now that's cleared, things seem to be picking up a bit - let's hope it continues! Still a big gap to the NAV.

Thanks adv11, that's really interesting. I sold a chunk at 123 last July when things seemed to have stalled a bit earnings-wise, very tempted to buy them back at this price / yield.

Have you had a look at TENT (used to be TEEC) recently? I've just made a small investment there as the return looks pretty good following a recent price fall.

Hope you're keeping well. Best wishes. K

I'm not sure on this one toneman but I'm going to offer a suggestion which you & others are welcome to disagree with.

You could argue that TENT are "borrowing" investor's funds, for which they're paying a fairly hefty premium (dividend), currently c. 8%. They have to cover all the company overheads within this core investment. So the marginal difference between the rate of borrowing and the (substantial) returns they are making lending money in this sector effectively all drops to the bottom line as profit.

I may be missing something obvious in this theory but I'm offering it up for comment anyway.

The first one is behind a paywall so I can't comment.

Re Peregrine, yes they've done very well for their investors by their trading in TGA. They've called it correctly & played it well. I think investors are looking for something different here now, which is a longer-term dividend payer with the potential for some capital growth. That might not be Peregrine's game, and I suspect they won't be back any time soon, but that doesn't mean this can't be a good investment for those still at the party with a different agenda.

Grindrod results released after market close, so will check back later.

Well done Alex, you've played an absolute blinder here.

Preliminary results due within the next 2 weeks, should make interesting reading here. Hopefully some news on the dividend and an indication of how they see 2023 progressing for the Group.

Sorry to see you go Opti, could you be tempted back at 600?

I'm pretty sure that anyone investing in TGA is aware of the fundamental risks (caveat emptor, as you say), but you have to look at the positive side too. The poc isn't going back to the ESG-centric past any time soon; even if the dividend drops by 2/3, that'll still be c. 80 interim + c. 80 final = 160, or c. 16% at the current sp. The acquisition, on the face of it, improves the balance sheet and offers the possibility going forward for even greater dividends - which IS good for the medium-term. How do you know insiders are not buying - we only found out the other day that a director sold shares in November last year - this is Africa, they have different reporting methods. Of course this could all end in tears, but ignoring the potential upside to focus solely on risks is short-sighted imv, whatever the charts are saying. K

Hmm, 600 for a share that recently paid a 240 interim dividend and is poised to deliver a similar final payment. I could become a fan of this head & shoulders malarkey! Bring it on!!

BDEV half-year results published this morning, better than (I) expected. Dividend down from 11.2 to 10.2, sets a benchmark for the other major HB's. Signs of increased customer activity too. All good.

Pretty good interims under the circumstances. Dividend down from 11.2 to 10.2 but that's far better than I expected. Some signs of improved footfall too, which is really encouraging.

...and relax, mission completed (for now at least). Doesn't look like they've picked many up unless there's anything late reported. They may be tempted to pull another stunt like this to pick up cheap shares.

MM's on a fishing mission to hoover up stop losses, BEWARE!!

I've taken an initial position here too toneman. It's been on my watchlist since the TEEC days, and with the big discount to NAV and secure dividend of c. 7.5% now all but covered, it seems like a great opportunity to invest. Let's see - good luck! K

Date of transaction: 7 November 2022.

Don't fret.

The market doesn't have a clue how to value this company so no surprise it's been up & down again this morning.

We all want a hefty dividend but they can't give us all the money they're currently printing, so this looks to be a sensible diversification. Not so keen on the involvement of Lucio Sangiovese though, anyone affected by the Firestone Diamonds delisting (as I was) would remember that name only too well.

Prosperus, see EdwardSeaton, Tuesday 15:39 and others.

...big bets being taken on all the major HB's today that interest rates are at or near their peak. Shorter, shallower recession forecasts are music to the ears of developers. Could be a major re-rate on the cards, here & elsewhere.