Member Info for Nthoftheriver

Great post asp1, thanks for taking time post that explanation.

Looking to add a bit more tomorrow (Dividend reinvestment), sadly my average will still be in 112p zone, but hoping to make that up via future dividend returns and a bit of a recovery in the SP in due course.

Good luck all holders

Believe he’s bought more due to share dilution causing percentages to fall below 3%

Good to see that the Dividend is still expected to be 17.5 Cents (4 x 4.375 cents) - Page 9 of the presentation. (Did wonder with the SP drop and resulting effective yield it might not be kept).

Took a the opportunity yesterday to add 2.5K to my ISA.
With sentiment is still a bit poor, even with good results might add more on receipt of dividend.

Good luck all holders

Decided to add a further 3K shares this morning.
Looking to steadily build on my existing position here as long as the yield is greater than 6% and at a discount to NAV.

Not expecting much either in capital appreciation this year, but live in hope.

Might see a small rise into the XD date. Noticed that happens to some of my dividend paying investment trusts. Might not be much over £1.05 new share issue price, but then all speculation by me.

More a case of sitting and waiting for the SP to recover. (Average is £1.14). Then will take a view how it goes mid/later in the year.

Sadly not in a position to have taken part in this offer. Still hopefully this puts a base under the SP and we can, all things being equal, see the SP rise up from here.

https://youtu.be/dB8YAGmsAtA

Don’t post here much now as just sitting on hands waiting for the story to unfold this year.
I did wonder if the recent pull back towards the 130p zone was the MMs starting to work a position for a larger buy. Could be a case not posting trades till the relevant position/order was filled. (More guesswork than knowledge on my part).

All in all good to see the rise over 150p. Onwards and upwards please.

Good luck all holders.

Thanks for posting that Trek,

Nice reading. Glad I bit the bullet and did a top up, even after saying that what I had was enough. Lol. (Probably not very clever investment strategy, but bought my average down a bit to £1.154 and allows me a bit of wiggle room should/when the SP gets over £1.20 to trim back).

Hoping this is now on the rebound back towards my break even at least, but sentiment may make that a slow trip. Roll on the next dividend, (my first and hopefully of many here).

Good luck all holders.

Fair call Trek.

I’ve 35K shares here now at just below £1.16. That’s more than enough for me exposure. Case of see how this plays out over the next few quarters.

Started a small position here, look to add more soon. Might be price drops back, but current yield of over 6% helps negate drop in short term. Like the longer term prospects here and potential for increased (covered) income in future years.

Nice. Might try that ploy if I can get some cash free while the SP is down here. But to be honest not I’m very nimble when it comes to buying and selling. Still the income makes up for a missed opportunity.

Should add that 130p was also me seeing if that was a price I would bail out around on with a years dividend (profit) if I felt the share wasn’t for me, especially being new to this particular company. But the more Info I’ve gleaned seems to me it’s worth holding onto.

As aside, did hold TXP some years ago along with TRIN, took some profits well too early on TXP. (Trinity hasn’t really gone anywhere, so happy to have got out and put money to work elsewhere science then).

Thanks for the detailed response Trek.

Bought this share like others I suppose for the great yield. The 130p mark to me was based on a simplistic view that it was range bound there for a period before the recent drop down. Kind of hoping to add a few more shares in next couple of months when some cash comes free. So hoping I could keep my average purchase price down. Lol probably being a bit greedy.

Hi Trek,

Do you (or others) have a target price in mind for where the SP might be in say next 3-6months. Or is anything above 120p good enough as this is a dividend play.

Hoping this may get into the 130p zone over next 3/6 months. But fortunate enough to be in the green so happy to collect the dividends going forward and review quarterly.

Hi Kathy392000

Not really clued up on US tax. However. My broker advises me that DEC is subject to the US withholding tax @ 15%. I hold these shares in my ISA and via a nominee account. As such Charles Stanley Direct have W8BEN form in place, so my Dividend will be paid in GBP less the 15%.

Think if it’s held in a SIPP, there might be an opportunity to claim it back. But not sure on that.

Only recently bought into this share and the next dividend due will my first one from DEC. Others may have a better answer for you.

Took the opportunity to add a little bit this morning. Hope it is now basing, but then I’ve real idea, except it feels oversold. (Not a chartist, but the RSI is in the low/mid 30s).

Only recently got into this share. Obviously that means it drops in price, lol.
Still, just adding more as I can.

Hoping the decline will ease up as the yield is already pretty good, even allowing for further declines in the Dollar.

Well done Wasa and others on your buys down here. Not in position to buy, so holding what I have. Seems your buys have assisted the tick up. Went down rapidly from 5p on low volume, so agree recovery on some news could be swift, at least back upto the 5p zone.