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Good write up here;
Ian Cowie: clouds on horizon, but 7.8% yield keeps me on board
https://www.ii.co.uk/analysis-commentary/ian-cowie-clouds-horizon-78-yield-keeps-me-board-ii530613
Buy back transactions in their own shares will be notified in RNS
The ICGT trust for instance does this every day at present (trading at huge discount to NAV) as per RNS copy below for info;
1 February 2024 - Transaction in Own Shares
The Company announces that on 31 January 2024 it bought back 20,000 of its own shares, to be held as treasury shares, at an average price of 1230 pence per share.
Further details are set out below:
Number of shares held as treasury shares following this purchase: 5,728,133.Total shares in issue excluding treasury shares following this purchase: 67,184,867.
The Company has bought back these shares under the authority granted by shareholders at its Annual General Meeting in June 2023, which permits the Company to repurchase a maximum of 14.99% of its ordinary shares. The actual number of shares repurchased by the Company will depend on market conditions. This authority lasts until the next shareholder authority granted (expected to be at the Annual General Meeting in 2024), or until expressly revoked by shareholders.
Forget the dividend 4 months ago the NAV was 146p only marginally down 0.6p from 3 months earlier, so even it has dropped a bit faster its still trading at about a 60% discount.
Assuming battery technology isn't completely unnecessary (there are only two ways to store electricity (1. pump water up a hill or 2. batteries) then this will be takeover target?
Gresham House Energy Storage Fund plc (LSE: GRID) (the Fund) announces its NAV as at 30 September 2023 was £837.7mn and NAV per share was 146.08p per ordinary share (30 June 2023: 146.66p).
Yes I said 6 days at 70p was tempted to buy more tomorrow, luckily I didn't now down 45% in 1 month.
I should of sold 7 days ago!
But i'd probably be buying back today given my "catch a falling knife" mentality said the man with no fingers!
GLA
“I think these discussion forums are a bit of a trap because most people are long and keep coming up with reasons why a share is about to go up.” - 100% correct, these forums are echo chambers where the future is rosy and shorters, trolls etc are just bad stuff that shouldn't happen along with evil market makers!
Utter tosh in reality and what running a successful business comes down to is simple, its management execution!
You can have the best product or service in the world and still shareholders lose out.
I worked at Capita ITS following their takeover of Carillion IT Services in 2009 and was paid off by agreement after 11 years with approx 9 months wages tax free in 2020.
Honestly from the inside it was a basket case, they relied on takeover after takeover and re-org after re-org and cutting staff to grow the business until the 2013/2014 peak @ nearly 800p when with huge debt and huge payroll it imploded, ever since then CPI have laying off staff and selling businesses. However it has no core business to go back to having grown from nothing in early 90s.
any single share trade is high risk business.
Leveraged trading is mental said he with a small 3x leveraged Short on Nasdaq 100 right now.
Best to get rich slowly and invest like Buffet with investment rusts or funds and forget about them using pound cost averaging to buy over time
A 39 second video on X by QBT who have 405 followers now LOL
I think this comment is quite good.
"seeking alpha @ukbitcoinjedi
So why aren’t you showing the market actual Bitcoin mined with these machines you supposedly have ? It’s possible to give production updates hourly if you are mining, yet nothing after 2years of apparent revolutionary theoretical results."
I might buy when it gets below 0.8p only to sell out at the next pump which will top out at something like 1.4p
Alliance News - ICG Enterprise Trust PLC - London-based investor in "profitable, cash-generative" private companies, primarily in Europe and the US - Net asset value at October 31 is up 2.9% to 1,959 pence from 1,904p at July 31. NAV total return for the third quarter is 3.3%, outperforming the FTSE all-share index total return of negative 4.8% the previous year. Lifts interim dividend by 14% to 8p from 7p a year before. Aims for a minimum total dividend of 32p for the financial year ending January 31, up 6.7% from 30p in financial 2023.
Current stock price: 1,215.00 pence, up 1.8%
Would be good if US volume picked up
https://www.otcmarkets.com/stock/TDTRF/overview