Member Info for longtimeinvestor

As far as I know CLS are reshaping the look of the portfolio and properties not fitting in with their future vision can be sold.

Dam

''why are CLS looking to sell assets to reduce LTV?''

You should make your own mind up about that - I am quite happy to leave it to them as to the timings of portfolio sales and purchases and the type and locations of properties.

I don't think that a bank lending to a BTL investor would consider a deposit of 50% of a properties worth to be low.

Dam

''The LTV is high''

??

It is only at about 50% -

It is common for property companies to have a much higher LTV than that.

Tod

''1.4p towards July dividend''

no need to highlight what is shown on an rns each day that all can read - worthwhile occasional pointing out a large premium or gone to a discount.

A dividend as far as I am aware is paid in August

Dam

'' I appreciate you have lost considerable sums on this and CLS Holdings''

You really should not post things as if a fact when they are not.

CLS has been one of four of my best ever investments having first bought in early 2000. I had made a fortune on the stock (20 bagger) and currently just playing with a tiny part of that already banked vast profit.

As for HFEL which is a relatively new investment in my portfolio, I am not losing money, taking advantage of trading points which included sales at a much higher level than the current price.

The environment for HFEL will improve after Covid and the inflation that it caused on coming out of it.

''All the points I have made about this trust are fully qualified. To assert that what I am saying is nonsense is a bit on the obnoxious side''

Once again saying that HFEL is 'eating itself' is complete nonsense.

Dividends are very nearly always covered by income, and as I have said they also have a good amount in a dividend reserve.

They have also made use of the stock most of the time trading at above NAV. which has meant that they have been able to issue new shares for the benefit of the fund, and when for a period the shares were trading at a discount they bought back shares - both actions sensible.

ZZZZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

Dam

''handing back capital as dividends, it is eating itself. ''

stop the nonsense - heard it all before on a number of occasions on this board.

The1

The only reference I made was to the timing of the dividend payment when tod mentioned July - hence 'wrong board?' and mentioned dividend reserve because of an 'eating itself' remark

The1

''ToD is referring ''

July divi?

IMB reached another 7 year high

National Grid reached another all time high

VOD back over 70p

Lloyds treading water at a low valuation

JG

''even though interest rates are unlikely to fall''

The markets are currently expecting further base rate cuts this year

P46

''Over 8 quid in 2014 to 350 now''

Just your usual sht for brains comment - what a sad person you are.

25% capital appreciation in the last 18 months, and at the price then an excellent dividend yield as it is currently.

In your warped mind all investors have bought at peak prices and only at peak prices. You are a complete waste of screen space on this site

Tod

wrong board?

Next HFEL xd is on the 1st May, payable 30th May.

The dividend which is currently 6.2p per quarter is nearly always covered by income. If not then they have a dividend reserve fund.

The1

Good post - saves me posting.

I was going to go a lot harder on Dam when he posted -

''This investment trust is eating itself''

ZZZZZZZZZZZZZZZZZZZZZZZZZZzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz

IMB reached another 7 year high

3i group reached another all time high

National Grid back up to an all time high level

Lloyds gone back over 70p - not so long ago 50p was viewed by some as being some sort of concrete ceiling .

Reached today

A troll who has never been a shareholder. Not once was Lloyds mentioned in his previous about 130 ID's . Not once was a purchase of Lloyds posted on his about 131st ID. not even when it was languishing near 40p.

Once a never worked scrounging troll always a never worked scrounging troll .

Dam

I would have most likely have bought a couple of times before any potential 50p level - The valuation of property cannot continue to go down forever and the discount get ever wider.

Net assets are currently at about £2 per share