Member Info for Nthoftheriver

I’ve held this trust on and off for a number of years. Recently decided to re build a position here (currently an average around £2.15). It’s part of my income PF and yes I do monitor it more closely at present.

The drop down from around £3.2 to £2 hasn’t been fun to watch (or hold) and it’s good to see some recovery in the SP.

On the dividend, I must admit I did think they might hold off on an increase possibly upping the last dividend in the year to keep the AIC dividend record of annual increases intact.

It was good to see the board acknowledge the need to dip into reserves to assist Sat in perusing a more growth oriented approach and not stick with so called dividend value traps.

In addition to the options writing I noted Sat mention that a number of the holding had issue large special dividends and some had their calendar dates changed so dividends didn’t fall in the normal record period. All adding to keep the dividend yield up. I’m sure the board will review if the SP growth (and resulting drop in yield) isn’t on track.

I note that US investors have more opportunities to utilise covered call options vehicles like JEPI, so the practice of enhance dividends isn’t out of place. Also there are some OIECs that use options to increase their yields. ‘Enhanced Income Funds’.

For now I happy with progress and like any investment it has its own risk/rewards. (Like others HFEL is not my only income fund, but definitely the highest yielding of my holdings. JLEN, SDV & SREI are some others of mine that are currently high yielding).

Good luck all holders.

Yeah, reading the end of the RNS seems to imply that too.

“… This disposal is a clear illustration of our ability to pro-actively manage the portfolio to provide an attractive and sustainable level of income, together with the potential for growth, from our diversified portfolio of modern, purpose-built care homes."

Fingers crossed they can keep the divi increasing. Certainly like the progress at they are making.

Just trying to gauge if the sale will negatively impact the dividend payout. Appreciate the loss of income as a result of the sale will be offset by the partial debt repayment, but wonder if it means they will reduce the dividend?

Any views much appreciated

Does seem to be relentless at present. Sector feels unloved. Didn’t feel results were bad and they raised the dividend. Added today only to see it drop more - timing, lol.

Will sit and collect the dividend for now.

Https://youtu.be/kVgqJeI2ChM?si=ZnMPCljn2RhSTy__

Just finished watching the investor meet presentation, very nice.

Looks good for future dividend growth.

Good results with the NAV falling less than I thought it might be. Nice to see dividend increase too.

Not in a position to add, but a comfortable hold for me.

Well with the dividend increase, took the opportunity to add a few more. Smidge under 90p average now.

Did the same, sadly it then drops further. But on the plus side my average is now sub 90.5p so on the whole can’t complain.

UK elections might create a bit of uncertainty and may be markets are seeing a delay to interest rate cuts.

Lol, yes knowing my ability to time investing, it might well drop back to that area.

Will probably add more should it do that. (Funds allowing)

Now hold 50K shares, adding on pull back. I suppose the interest rate not coming down has probably stalled a recovery, but hope sentiment improves through summer. Might need to clear elections now for that.

Only small top up 3K shares, but aiming to build a reasonable position over the year. Think the drift down of late is the low risk attraction of Bonds. I’m sure as interest rates get cut, people will look for more attractive yields and need to take on some risk. IMHO

Well I’m hoping so.

Only hold 20K shares here, recently added. Can’t add more at present but hope to build a bigger position as the year progresses.

Used to hold these and have recently started to build a position here again. Discount and dividend are attractive.

Now reviewing my PF to hold more income generating trusts with the yields across a number being in excess of 6% and looking to grow their dividends.

Hadn’t seen that article, but looked at the recent investor meet interview and dipped a toe into this trust this morning. Annoying that they marked things up, but will be adding more soon along with JLEN to my income PF.

Sorry should say it’s my view not as I’m not privy to anything news worthy. Your 20p on Six months is just as valid. (Friday night commentary isn’t probably a good idea).

Those were comments from yesterday morning if you get their subscription. Think they are behind the curve. Last property sold (RNS) was well above market value. IE the valuation is marked down severely and is the gauge for LTV ratio. If the valuation is actually higher, which is implied by recent sell, then the LTV is wrong and the SP should be higher.

I suppose it’s the choice of if you believe 20p based on a guess (not imentioned in the IC article) or feel the bottom is in. I suppose I’m in the - bottom is in corner.

Good luck all holders.

Been steadily dropping back to 30p. Surprised by the selling, but is back into top area.

See how it plays out next couple of days

Apologies for the mis spelling (REBUTTAL)

Https://open.substack.com/pub/theoakbloke/p/a-dec-of-top-trumps?r=jocwe&utm_medium=ios&utm_campaign=post