Member Info for Millfield

If there is mention of giving up REIT status in that release, I did not see it, but remaining a REIT was implied in the bullet pointed benefits list.

Losing REIT status would incur a CT liability which would reduce the dividend, thus shareholders would probably vote against it.

I seriously doubt that said karma will ever arrive.

Over the last five years mug punters have piles tens of millions into this company, which seems to have very low running costs. Yet all that money has vanished, seemingly along with funds from other companies associated with the same management.

According to the daily press, it would appear that both investors and companies are deserting the London market, and seeking more profitable and secure havens elsewhere. I would suggest that until that toothless chocolate teapot the FCA is either upgraded or preferably replaced by an organisation more akin the America’s SEC, more will follow.

My only concern with SUPR is that JPM recently increased their short again (notified 4/12/24), and by a significant amount. Shorting is inherently dangerous, especially with high yields to pay, and is usually done by organisations who carry out thorough research into their “victim”.

I have invested heavily in this share for a decent quarterly income, having judged it one of the safest REITS available because of the property type. The Carrefour deal was income accretive immediately, as is the latest Sainsbury acquisition, with a decent margin of rent over borrowing cost. Thus shorting the share at recent prices appears to me a mugs game.

What can JPM see that I have missed?

Just thought I would look in after a couple of years break, and marvel at AZs skill at keeping this turkey afloat and presumably still drawing a generous salary. Pure genius!!!

I remember back in 2020 posting a reply to a potential investor who asked where SYME would be in three years. I suggested that it would probably not be around after two as I considered the business plan had more holes than a Swiss cheese, and the company with a history of overstated assets and issuing flaky jam tomorrow RNSs. How wrong was I?

Of course most of my posts of that time were deleted, presumably by those posters who objected to any negativity regarding this share. Obviously someone needed fresh investor blood to buy the shares that the death spiral providers were keen to dump.

Looking through the names of the posters these days, very few of the 2020 squad remain. Did they wake up to the truth, give up hope and sell, or simply run out of cash? Shame – all that money could have been invested in worthy companies with at least some chance of success.

It is most kind of that chocolate teapot aka the FCA to try and warn investors about AA4 whilst seemingly turning a blind eye to rampant frauds on both AIM and even the Main Market. Unbelievable!

Presumably this is because the longevity of the Company’s existence is expected to be relatively short. How short we do not know. Also unknown is the residual value of the assets to be sold (or re-leased) when the current leasing agreements expire.

However, this does not mean that AA4 is a poor investment. If the A380 leases are extended, and/or the residual value of the A380s is far higher than current estimates, then this could turn out to be quite a great buy at today’s price. It seems to me that while the dividend holds, the downside is limited whist the upside is open-ended. That the stated net asset value at the half-year exceeded £1 per share would appear to reinforce the optimistic opinion I held when I doubled my holding on the day that I too received that fatuous message.

SD
Please explain the 5k "starter allowance". It is a new one to me (and I don't employ an accountant).

Frankly, I think this is a good idea, and very timely as there is likely to be a general investor bloodbath at some time next year. I fully expect a deep and long lasing recession which will leave no business unscathed (except gold miner, perhaps).

Having just watched the webcast, I am mystified by the current SP, having dropped 22% over the last few months. The Company's business model (affordable residential property) seems bullet proof, even in a recession. The capped interest on borrowings together with index linked rent increases seems to guarantee that the dividend, currently yielding 5.75%, will be sure to increase every year.

I am thus very satisfied with this being my largest holding by value, as I expect 2023 will prove a very tough year for investors, especially the second half. Thereafter times might be very tough indeed for many months.

The actual requirement stated is "Direct Credit".

This is basically bank transfer as per BACS or FPO. Your nominee account provider should handle this, or if you hold the shares directly you might need to notify the registrar of your bank details.

I have to agree that Tastytrade might be a very dangerous acquisition. The poor figures are just a taste of prospects should a severe recession be just around the corner. Not only will the amateur punters disappear, but if fast market conditions on the downside occur (as in 1987) then there will be no time for margin calls and the long punters left holding the bag will be wiped out. The problem will be if those caught out will need to seek bankruptcy protection, thus stiffing IG with the loss.

Our motor traders motto used to be "Fill it up with pug and sell it to a mug". Judging by the history of UK companies buying in America, the yanks motto could well be "Fill it up with s**t and sell it to a Brit". I think they sold at the top.

Having said that I made a nice turn in the summer, in at 657 out at 830, but I will not looking to buy back in anytime soon.

AJ Bell credited WDS to my accounts early this morning. They are also very quick with dividends.

My view on this is that any investment in POLY now carries the risk of a total write off. With that in mind, and assessing the risk at 50/50, I have today invested in POLY for the first time on the basis that the payoff could be as good as >500% plus a good dividend if/when paid. The board are all Russian, which might protect the company from retaliatory action, and in view of the reactions of the Russian people to Putin’s adventure I would think he is beginning to realise that he might have a problem retaining power.

Unfortunately dictators usually keep hold of power through repression and the backing of the military. Putin up to now has enjoyed the support of the wealthy oligarchs who have benefitted mightily from their patronage, but who will now see their fortunes and luxurious lifestyles compromised. I cannot see that the military are happy about killing and being killed by their historic comrades in arms.

Putin’s actions have now made him an international pariah, and from which his reputation will never recover. If he decides he must continue this debacle in order not to lose face, whilst possibly having lost the support of the military, the oligarchs, and the people, this might only end one way. It has been said that those who live by the sword die by the sword – a saying that Vlad might well have on his mind right now as he carefully watches those closest to him for signs of unease. Politics in non-democratic states can be a dangerous occupation.

The Summary Market Data section of their December 2021 Presentation stated a divided yield of 17% at a MCap of £45M. This implies that the dividend payments will continue.

According to the FT the yield is 9.86%, but against a MCap of £38.93M due to the SP fall since December. The difference could be down to only taking the recent payment into account as opposed to Ariana including the next payment in their annualised calculation.

Providing the March payment is made, and dividends are continued at the same rate, then the annual yield would be c20%.at today's price.

It never ceases to amaze me how much libellous abuse is hurled in the direction of TW. It would appear that posting such abuse is the preferred option for those invested in the dogs of the market, presumably in the hope that fellow board readers will ignore the warnings.

Looking at the names of shares also owned by ODX holders makes me think that most of you investing in stocks of this speculative nature really need good advice, which you almost certainly will not get from the free puff pieces from the likes of Edison and Proactive. Having subscribed to a number of tip sheets over many years, including the infamous Red Hot Penny Shares, I am now down to three subscriptions, Money Week, Colorado Wealth Management (US) and of course Share Prophets. All are well worth the money, but out of the three Share Prophets is the cheapest, most amusing, and to my mind the best value.

The crooks will cheer when TW retires, but then amateur investors will be on their own. Until then, it would be worth listening to the free podcast, as it could be quite a revelation to most of you.

"Dump your losers and run your winners" is an old investment saw.

Dumping winners to average down on losers is an interesting strategy, but reeks of the inveterate gambler doubling down to recoup losses. It rarely works.

Does that answer help?

Turkey has had power problems recently (lekky bill not paid?). I sent a message to IR over a week ago asking if it has caused disruption, but only received a stock acknowledgement promising a reply "as soon as possible".

Anyone know more?

For years dodgy companies at the bottom end of AIM have seemingly used a cunning plan for insiders to dispose of shares under the guise of a “Loan agreement”.

This works by “borrowing” funds secured to the lender by the transfer of shares as security for the loan. The “loan” value would probably be c50-60% of the current SP. One proviso of the terms would be that the lender would be entitled to sell the shares at market in order to recover the principal. Of course both parties know the “borrower” never has any intention of repaying the loan to recover the shares, but this is never specified in the agreement. Thus the deal is never RNSed as an insider share sale.

Obviously the lender then begins dripping sales into the market, relying on mug punters to hoover up the stock at “bargain” prices. Should the SP start to wilt badly, the Company helps out by issuing a bullish RNS, which may be imminent good news, or even an insider buy or option spoof. This usually does the trick, so it is a case of rinse and repeat. It is amazing how long such antics can work.

Of course SYME is Main Market not AIM listed, so I am sure would never use such methods to deceive investors.

Just thought I would look in and comment after the devastating drop in the SP.

Having met PH on a number of occasions, I have always had the view that he was old school, a man of honesty and integrity whose motives were always to look after the interests of all shareholders. Thus I am unconvinced by the contents of the KPMG report, which was of course commissioned by the new management and carried out according to their aims.

I am therefore pleased that I exited this share immediately after the coup replaced Peter and Pavel, but sorry that some of you long term holders have been left in holding the bag. This is a shame because I am of the opinion that when the current Crypto and NFT nonsense evaporates, apart from prime property, real art and collectables, physical gold (and silver) will be the last refuge for preserving wealth. Then of course solid mining businesses in safe jurisdictions will soar.

"KING AZ + SYME = MASSIVE WEALTH LOVE IT"

Absolutely! AZ & DW have probably made millions.

How are you doing LK?

CantClough: What a fatuous post.

Holly and Rosie have nothing to be ashamed of as they (and others) have been warning about this stock for at least fifteen months. That you and many more chose to ignore their warnings and as a result may be seriously under water does not reflect badly on them, rather on yourselves.

Holly is short and has been open about it. Shorting is inherently dangerous as the upside for the bet is limited, whilst the downside risk is open-ended. Well done to Holly for calling it right, and being honest enough to reveal the fact.

That you feel the need to hurl unwarranted insults to excuse what may well turn out to be your own poor judgement is pitiful.