Member Info for Krustysmegma

Well I don't think it will surprise anyone to see that I got it wrong again! Ah well, maybe one of these days/weeks/months/years/decades...

GLA, keep warm this weekend.

There have been many, many false dawns here in the past and, who knows, this could be another one. However, it does feel (to me) like this could be the day when PXS finally moves decisively, and irreversibly, beyond the 1p barrier. Let's hope so anyway. God knows, many of us have waited long enough...

Wouldn't it be nice to discuss when we might reach 2p rather than 1p??

Dr_H yes I only hold a fraction of 1% too. In fact your post has highlighted that I've taken my eye off the ball here. I try to accumulate 0.1% of shares in any AIM smaller company I invest in, on the basis that if it goes to £1bn value that would leave me with £1m. However, with the recent share printing here to pay for new stock etc. I've fallen behind the required amount. I won't be buying them at this price though, so unless the SP pulls back I'll be missing my target.

Dividend has finally arrived in my HL account. It's dated 31/12 so you'll have to look back in last year's dividend payments. Less than I expected though, which I assume is down to the exchange rate. I think HL receive the total amount of our dividends in $ then do the conversion themselves. Hence the rate is different to that given by DEC. Anyone else seen this with their payment? Just to be clear, I don't KNOW that HL work in this way but it is my assumption based on how they deal with other dividend payments etc.

WS has 50m does he not? Could be part of the HL Fund Manager's 6.22% (like mine) of course.

Totally agree potnak. I used to block ads on this site but they made it unworkable without switching them on. Another reason I very rarely use LSE any more. How anyone could pay money to use this site is beyond me.

Happy New Year to all fellow SARians! My last New Year's resolution to spend less time on this chat board has been (generally) successful, I can certainly recommend it to anyone who gets wound up by the constant ramping/deramping/repetition/nonsense/madness that frequently break out on here. Some useful posts hidden amongst it all though, so still pop along occasionally to keep track. Here's hoping for a safe, healthy and even prosperous New Year for all LTH on here. Best wishes. K

Naz, hope you're still with us? Feels like the worst could be behind us now...

Yes agreed Nick, underwhelming. But that in itself is an improvement over many of these updates over the years. And as Bernie points out, if the cash had been available and scheduling allowed for a bigger run earlier in the year there wouldn't have been any stock outages, which would have made the half-year numbers look a little healthier. Either way, that's the past, like you I'm hoping for a good year ahead particularly for the long-term holders who have stuck this out through thin & thin. GLA. K

I'd say the half year results look pretty positive. Lots to be optimistic about here going forward. In my view, one more (sizeable) raise will put the company on a very solid footing and allow for significantly larger production runs in future, hopefully at lower unit cost. I could see a profit emerging within 1-2 years, depending on the speed of increased take-up from existing and new customers. I have cash waiting in case of a call on shareholders. With an average of 0.80 I'm actually in profit for the first time in many years here...

Yes still holding for gold Mike, growth shares currently in my SIPP as I don't need income from it at this stage (I use my ISA for income). WSBN has been a bit hairy of late but still hopeful it will become the next Telfer/Hav! Need at least one of my growth shares to pop so I can draw down funds to top up mine & my wife's ISA's. That's the plan anyway, not holding my breath lol.

Richard08, the issue here has always had more to do with the investment manager than the Board IMHO. I don't see that changing any time soon.

Understood tmnky, thank you. I'll take another look. No more from me on this subject now, as you say. K

Maybe so tmnky but I notice the shares have lost 25% of their value over the past 5 years. That's not my definition of a safe haven. Virtually wipes out the dividend payments. Any other suggestions?

Mike's going for c.45% of shares to be compulsorily purchased. I fear it will be closer to 60% with no premium. As always, time will tell.

Regarding targets, I don't think there are any safe havens left for income investors (sadly). The banking sector has long since been stripped of it's image as a safe haven, as have the REIT's, and more recently joined by clean energy. If you set aside growth industries (tech, AI etc) and concentrate purely on income, then it's really down to how much risk you're prepared to run with. My portfolio currently has over 40 income generators as I tend to favour diversity over stock-picking ability (I simply don't have the time to research adequately).

For low risk: My own choices here include MRCH & CTY which certainly won't make you rich but over an extended period have provided a decent income and some capital appreciation. I have also done well with IMB but many would balk at this given the ethical issues raised. I like the SUPR business model, and I'm in THRL (like others here).

Medium risk: I'm currently enjoying some success in the insurance and wider sectors, particularly MNG and LGEN. I also have a position in PHNX.

Higher risk: If you're prepared to delve into the world of CLO's and subordinated finance, you might want to look at TFIF and SMIF. They have done particularly well recently, although with lower interest rates forecast this sector may have peaked for now. I hold ITH but it's a gamble. MEGP had been performing very well until recently and is definitely at the riskier end.

Trackers: My personal favourite in this space is SDIP but there are other opportunities out there.

Wild cards: I'm invested in POLN and TPFG (and previously BLV before take-over) which have both proven to be good investments over the years but are still largely under the radar IMHO.

None of this is intended as advice, these are just examples of investments in my own portfolio for better or worse.

GLA. K

Therosy1, I'm invested in both so double whammy for me! I suspect there will be others here in the same boat. I don't think there is a safe haven for dividend seekers any more.

"In addition to the reported total earnings during H1 2025, which fully covered the declared half-year dividend of 0.69 pence per share..."

Their own words, not mine. Why do we get this obfuscation every time??

They just don't know they're doing it, do they?

"The Board has today declared a dividend of 0.69 pence per share for the quarter ended 30 September 2025"

"In addition to the reported total earnings during H1 2025, which fully covered the declared half-year dividend of 0.69 pence per share..."

I'm assuming this means no dividend for the first quarter (we had our special instead) and 0.69 pence for the second quarter, but they don't help themselves with this double-speak.

Don't worry, you've read it correctly. You may also have read 0.69 pence per share dividend for the HALF year, not quarter. Fully covered though...

At least there's one statement you can be certain of though, from the Chairman: "I am pleased to be passing the baton to Angus Gordon Lennox..."