Member Info for MaryXan

Q2 Divi was 4 weeks later, so I sold half. Q3 Divi an additional 2 weeks late, so I've sold out. A small profit after dividends.

Clearly a company struggling with cash issues.

Now the signal today that Divi will be reduced for next year and NAV will be substancialy lower.

I prefer TRIG and FSFL, both offering great yield and buying back shares - indication good cash flow, and unlikely to cut the Divi.

From Reuters…

“Greenland .. experienced its warmest January on record this year, as a rate of warming four times faster than the global average redraws the outlook for sectors from fishing to mining”

Like your analysis - however the new yield will be ~6.6%. Thats a 6% increase in the total Divi paid out, divided by the significantly enlarged share count, giving an expected 17.15p/share.

As an income investor, the new yield is below my target, and the integration has execution risk, so I'm probably selling my new shares to reduce exposure.

Blackrock sold down from 9% to under 5% by Monday. Clearly this pressure has held the price low, now buyers are coming in.

Everything depends on the results and forecast for next period.

If dividend held and covered, expect re-rating up, else all bets off and Blackrock were right.

KKR cash value is 50.142p.

PHP bid is 12.5p plus 0.3769 PHP shares.

Both bids headline value include April (paid) and July (due) dividends, which can therefore be ignored.

PHP is today at 103p. This makes the PHP offer worth 51.3p

Arguably, PHP is unlikely to be able to compete a takeover before October, so another 0.84p would be due, which is not the case with KKR as they are much further along with the process.