Member Info for Patexd

Was some earlier concern about their debt levels and of possible rightsissue but thecompanydenies it and have reiterated their progressive dividend intentions at least to 2012 at the levelof increase made this year.Quitea drop since the dividend ex date and I was thinking oh not another Avivaor Tate & Lyle! I didthink it could at worst go to 520p even though was brave and toppped up at 543p. Would much prefer it stays around here-if it wantsa bit more space let it do its worst quickly and get over with it. A short dive to480p would make an absolut e bargain but whether one would be able to get any in the panicfor them at that level would be another thing.

Hope someone made abit on these-I knew there was value but somehow the markets didn't value it much.Surprised though that a British company bought this with sterling recovering it reduces the value and income-bu probably they have got it cheap

I like this company-remember seeing it at 450p and still kick myself because from there it is a nice yield . I am not surprised they had to bump up the divi -very stingy company take the mick . Like to see this share price get kicked to make some value. OK they print notes for the world -but I am not sure they will always have the market to themselves. !!!

This is a company that was registered in 1938 and it is a vast global food producer -also with ethanol interests. Commodities are a good investment particularly soft ones and the sugar price is going up now. Margins in the sugar business now expected to improve. This is a company that takes downturns even big ones in its stide-its sheer scope enables it many options in any circumstances. Dividend maintained -outlook viewed confidently. There could be some further share price weakness in the short term -bearing in mind the thoroughness in which they manage financially watching their covenants and their debt levels -their ethanol potential and above all their food producing essentiality I am confident in this company and am sure it has a good future . I think of it rather like BP without the TNT anxiety . Surely I am not sentimental. !

Company for now weak. There are predators hovering. Equity markets are drifting higher and so while this is happening there is tendency for the company to play things along even in the hope that this will continue and the problem begins to melt away. But it is wide open but short term obvipos downside risks.

I was tempted to take profits -yet Hoodless are giving me 'deal failed' almost to tell me DON'T -WAIT ! Well there are some big buys going through. This started for me as a cheaplittle punt but when you look at the assets and thetype of buyers after them -with some yet to show themselves then maybe I was in luck that 'deal failed'

Ex div today and holding up well . One of the better real estate companies with secure earnings not dependent on the business cycle and earnings that do not depend on the consumer and are substantially secured from public sources so rather gilt edged without the hazards of overpriced gilts

Segro is a commercial property stock UK and very substantially in industrial and commercial space in Europe. It therefore has considerable dependency upon the recovery of the european economy as well as the UK. Also there is the added in complication of the £/ euro exchange rate that is favourable to Segro for euro revenue but in the situation of a questionable sterling undervaluation that may or may not be permanent depending on a number of economic factors including global rebalancing issues in the wider sense between east and west. So it is very much a long term haul and fortunately with alow SP one has not needed to spend much to get a respectable number of shares bearing in mind the risk -and indeed there is due to among other things the sizeable amount of debt it has in the corporate bond market if well spaced out -indeed some yield there if you want more risk in this company cheap levels further out if you are an optimist long term. I did get a divi from Segro recently via Hoodless Brennan and am puzzled they took off a 20% witholding tax. Whilst taking in euro revenues it is a London Stock Exchange listing and I just wonder whether this is an error or a valid reasonexists. Have others found the same,. Cheers Pat

If there is a correctionone to watch ! remember 240p last autumn ?

I think you are talking about earnings season results.Observations-there will always be peoplewho are never satisfied with a bottom or two and maybe missed out-sour grapes. The best buys are often in the down dive of a bear market. Whilst long term perspectives cannot guarantee that markets are in part still overvalued and are underlying weak -this may not come about because of intervention -unless there is some force majeure-or that the elastic becomes in due course -not in short to medium but further out-just too stretched and it it literally snaps things to where they should be without all the 'bogus liquidity'- -ie we have another 'arrested recession' .Can this be normally sustained or ultimately does nature take its course. Whilst there is some sentiment to a correction -it is perceived as a buying opportunity and many are holding current upturn and looking to add. The little difficulty is how sustainable it will be.!

Undrestand your view. I don't trade a lot. . ATH will recover -it might be bought out. UKC -well at current price would never suggest not holding a few -I mean a few ! Good Luck!

Maybe-but do they need to? I trust they will pay a divi-they did reduce it-but its still a good % per£ . UKC could pay 6% very easily. Shares would rocket. They think they can get away with it F* them!

Scale obviously different. Yet they pay their shaeholders and confirm good trading and intention to pay at recently rebased rate. Disappointed with ATH recent performance and asked them why they were'nt doing better. There is some competition surprisingly on imports but their sales are robust. Adverse sentiment.. Debt is unimportant if the cash flow is satisfactory. Still do not answer my query -why cannot UKC pay their shareholders -BG pay something -I won't invest in them whereas I will happily RDS and BP !

Looking ahead there are a number of things that will affect this. The UK care home revenues are index linked -so that is for a little while not positive but inflation is expected to return. The foreign assets acquired when sterling was high and the foreign revenues obviously are boosting the profits as they are converted to £. A recovery in sterling against the euro will be negative -if it happens and it may not fully recover to where itwas -maybe to 130 but not 150. The SP has beenaffected due to hedge fund unloading and investor s fleeing as with anything else . The NAV at 155p means that there is good recovery space. Care home fees don't go down and the local authority has to pay when private people run out of money. They might sell of non core assets like the post offices and maybe the Zurich home for the right money. Nothing is 100% guaranteed but what survives well in bad times scores well. I just keep hundreds as a longer term holding-divi useful. Some short termers taking profits is causing a slip back from 60p -maybe an opportunity to add will arise .Debt level conservative and as said have some noncore assets to dispose if they want to lower it.

A seemingly well run company with very clear perspectives and know what they are doing-I am doing likewise !

Made error there. saatchi & Saatchi were taken over by WPP. M&C Saatchi is not the same company but maybe relative doing same thing. So not so bullish but may turn out OK with a bit of averaging.

Yes it was worth a little go. Hope you got them then. Looking atthis company with global interests andwell covered div I reckon its still worth a little go having dipped my toe but a bit more than you paid! General Election coming -Is it the conservatives that use them? Saatchi & Saatchi

Recently sold out and not upset as if they had only stuck tp properties and not buying shares in Dawnay Day. These Channel island funds have often a habit of not performing. DLD has been another bad performer. Maybe in time this one will be for punting as German property companies try to pick the assets. With sterling low and some possible green shoots better buys for your money I am sure

Whilst a lot of new shares of 10p dilute total I think it would be optimistic you will be able to add as cheaply as 10p on 7th April if markets are still rallying because with the cash in the bank and an NAV of 290p per share -can they really be worth so little?

Very little red suppose unsrprising with 14% yield and NAV at 155p