Member Info for lemmink

Nice top up - I’m rather low on cash so might have to wait for 20p - still holding 240k of these - hopefully they’ll be alright! - the wider society issues seem to be turning into quite a thing - fending off a terrible plague or just a rather nasty cold? - never had a news story type event disrupt my own life quite so much - home working - family members self isolating - pubs shut??! - anxiety about personal space evident on the streets - mc Donald’s doing take away only! - near rationing in the shops - and as for the toilet paper thing!

Interesting times again...

Just put “rishi speech” In google - incredible sounding stuff - work force bailout instead of the banks in the last financial crisis- looks like similar amounts of money being deployed too - might be strong enough to make the markets calm or at least balanced?

Bought 2k @ £2.62 ... not got much spare cash - but looks cheap? - what’s the damage likely to be all told? — 2 years worth of profits? £5-6 bn ?

Sold 50k @ 15p —- crap!

Corona virus thing definitely not helpful either - but I’m still struggling to form a revised opinion after the company’s results - nav was hit harder than I expected - underlying earnings looked a little weak - KL separated out in the accounts and looking insignificant either way? — difficult...

And what’s happening to the sp — do bears get Coronavirus?

If it’s any consolation my timing of the move was along way short of optimal.

I was willing (but ****ed off) to hold while it was below £1.20 but reluctant to add - I suspect this was partly because £1.20 may be the lowest price that I can psychologically accept as consistent with my general view of things fundamentally — valuation wise I am running with £5 in under 5 years subject to risk.

themuir01 — thanks that’s helpful - it makes sense to hand them back - although not so much for peppercorn positions...

As I understand it two of the Woodford managed funds are scheduled for wind up / closure this year - meaning those equity positions are scheduled for sale? I believe they have not yet been sold - a disorderly sale could make a mess of the share price for a bit? — I have been tardy with my research & monitoring so could have missed a key piece of news on that front?

Bought 20k at a little under £1.20 each ... holding 100k ... might break even soon ... oooh

Sold 14.5k to buy some more KIE .. holding 7.5k

Sold 10k to buy some more KIE

Do people still say stuff like that these days?

Looks ok

From 2018 annual report - directors emoluments £617k vs £605k - I’m not registered with stockopedia - I think the 2019 report will not be available until much later this year as (from memory) the 2019 yr end is 31/03/2020. I think directors pay have always been broadly at these sorts of levels - four directors earn over £80k - one non exec seems to get zero - H Gold- a former chairman & connected through their firm of legal advisors (from distant memory)

Hello Fk1,
Hopefully next years dividend will be circa 3.5p - expectations have been knocked somewhat by management this year, with the axing of the special, some director selling and mentioning possible downturns / macro economic stuff - radmat selling (they did well!) also is a bit of a blow as they are industry participants (calling the top?)

A bit disappointing but nothing surprising- looks / sounds like full year eps should be comfortably over 10p - but probably not as high as 13p

Annual report page 173...
Contractual cash out flows relating to borrowings are given at less than 70m in total for this year and next... year 4/5 is the biggie at 278.7m