Member Info for patxd

Looking at RNS history a trading update due soon. Last results indicate big reduction in net debt. The majority of investments are in good quality companies with low default risk that are paying out cash on investments made at lower prices than now. They say they are issuing when SP is higher than NAV to avoid dilution and indicates to me they are building cash. Appears to be well managed and good transparency in their statements. Useful income hold in a balanced portfolio. Future income levels may vary as prudence may dictate from time to time.

We have a Government there that is business positive as an activity in itself and one that creates jobs.compared with the previous one that saw business as simply a source of tax or as in case of BP - ripping off. Interest rate rises are negative for stocks but the extent varies with other factors. The Fed have a dual mandate and the lady Fed chairman that Trump likes is employment focussed so rates may not rise as much as inflation expectations might indicate which is positive for gold as alternative default currency. Donald Trump I only hope does not give up in frustration with the media ! He has some good people like Wilbur Ross and he is a man with a big family and such men are life positive ! We will have corrections but don't see anything asset destroying. Gold shares with a dividend - and more than you get on cash

Of course would add that a prolonged period of gold price retracement would probably provide opportunity to add - as for sure it can never be permanent with gold such as it is - which is saying of course buy on dips - it's academic to suggest that 15 is a dip from 20 when 7.5 was a dip from 20 which asks whether any likely possibility of 7.5 being repeated ? If only we knew!

Gold has its days and they come and go. Decent dividend on this that comes around Christmas so worth hanging on to -hopefully political will not get in the way - otherwise seems a reasonable business with possible takeover interest and in the absence of that some growth. Only keep 1000 -anyone think worth hoarding any more ?

May eventually come good but it is still way down the road. They had a big consolidation overvaluing the actual spot price a while back and should be 26p about the same as BKIR - given a retrace to about 180p worth investing - this may or may not arise. If not it will be a long time to get a worthwhile return buying this share and the only reason it's present price is because interest rates are so low that idle money is being dumped anywhere in sheer DESPERATION

Kcom. Better bet -debt free and upside potential with possibility sometime of takeover hopefully not by BT but a more solvent less encumbered entity !

Maybe TD will pay £6 for these and Jarvis owner might be tempted but I pray NEVER !

I know it is silly to say it was once 8 euro but 2008-2009 was an unusual event that should have been better foreseen and it could happen again but it's not so likely so severely unless there is a major geopolitical event. Bankia not long ago 22 cents went to a euro before falling back a bit - that was in the pits and deserved to be and maybe still should still be there. But strange things happen with shares - the word is 'speculation ' and it will sure come so this is is a dream that costs not very much money to risk if you don't want to risk much and the only risk at current price if it stays in the doldrums for ever you will get your money back on a bit of wind anyway. Cheers from windbag

Usually OK to 38p then it dives again. But with Brexit and a lot of companies putting their tents up in places like Ireland it might be all the way to 1 euro this time.

Thanks Pokerchips.I should have looked it up but think it is good to see this on the record here !

I did wonder how a according to this page the earnings are 18.80pper share and the dividend 80p. That does not seem credible to me and surely misleading. Might I have overlooked something as I like this company. .I use some of their excellent products.

Dividend is twice covered by earnings.and that is what matters. When will interest rates reach 3 per cent with Carney slating sterling

16th February maybe accounts for the recent surge

Some earnings there but not a lot of turnover .price well hiked up on speculation.when I see an even credible PE may be interest but for now consider it a sell but it's potentially a buy in the future if you have lots of patience at this price!

Good if you topped ip at 300

What is the reason for this excitement. Maybe a gay day ?

II think London South east have them as in house broker but don't rely on this.

Santander report good results in Brazil offsetting their weak performance in UK. Brazil is the main contingent in this portfolio- but it does not include Santander.

Post should have read ' bond yields generally lower'.

There is some good diversification here in a volatile environment and where interest rates are low and bonds generally lower than we are us d to in the past. In particular the notes that are in the portfolio and the flexibility the manager has. Useful addition to an income portfolio - there is protection in having multiple different sources in modest amounts - and not all eggs in one basket.