Member Info for Phyl

In fairness to AZN I seem to recall them saying they would support at cost for the duration of the pandemic but anticipated the end being July? I may be wrong about this but I'm sure I did read something to that effect. In my humble view, AZM can "walk tall" as their behaviour has been exemplary even during the "war of words" with Europe. Every other Pharma has made profits and most "fat" at that nobody can deny AZN's share. On a separate point, I had my Pfizer booster jab on Saturday following 2 x AZN jabs. The nurse advised me the AZN booster jab hasn't as yet been licensed. I wasn't aware AZN have a booster jab. Can anyone throw any light on this for me?

Let's hope it continues!

Thanks Etotheipi, interesting read. I haven't been on the board recently as I've let my investment in JCGI ride. Good to see it making up some lost SP ground albeit I'm still circa 8% underwater. Sometimes I focus too much on the SP forgetting the 4% divi which in itself is none too shabby. Hopefully, this will continue to be paid. Still sitting on a discount to NAV I see. I am feeling a tad more positive & might actually add to my holding rather than continue to moan about the performance! Apologies to all for my ramblings!

This company promised so much. I for one have lost a lot of hard earned money. I suspect many reading this post are in the same boat. Perhaps looking for a crumb of comfort. Anything and I mean anything positive. I have been one committed supporter of SAE believing perhaps naively with the right investment this innovative company could achieve great things. Firstly, tidal, secondly, Hydro and thirdly, SUP. In respect of the latter, the turbines have spent more time out of the water than in it. The former is now, quite simply, an unmitigated disaster. By calling in the EP the WG have sent a very strong message that they are looking to reject the application in it's entirety. Call them what you like. It is clear to me that SAE are in a very vulnerable position hence the share price now being below 2p. Below 2p! The writing on the wall, I believe, was there to be read when Tim Cornellius was unceremoniously despatched in favour of Graham Reid whom has precided over a near collapse of the company. If ever a CEO had a run of bad luck then it's surely him. The motives behind the recent placing are, in my humble opinion, questionable. Is it coincidental they secured an extra £2.5m for special projects at, I hasten to add both retail & now Institutional expense with this latest call-in? Could these "special projects" be a smokescreen and actually they are monies to be set aside for use in any potential legal challenges or proceedings? Perhaps that crumb of comfort I talked about lies somewhere in the ashes. Who knows. For now though I think I and any other investors here can be forgiven for feeling utterly
exacerbated by the demise of this company that promised so much but ultimately at least for now, delivered so little.

Down again! Don't see any longer term gain in SP growth so may, reluctantly concede defeat!

And to cap it off we're paying the fund managers for this shocking performance! By the way, I haven't heard sight nor sound of em. I wonder why!

Down another 2.5% again today. What road is this trust on? The road to nowhere that's where! Unbelievably poor.

A very frustrated investor.

Now over 12% down in what must now be the worst investment I have ever made. Just when you think it can't fall further... it does. Good luck to all investors in this trust. Goodness knows we need it!

As reported in the Daily Telegraph:
"Energy prices have surged to 11 times above normal levels – a fresh record high – as a crunch in gas supply, low wind speeds and power station closures pile unprecedented pressure on Britain’s grid".

I hope they have some answers. The growth of this trust has been woeful with little dividend to boot.

Hi SARS, unfortunately the LSE algorithm isn't that perfect & quite often we see buys showing as sells. Difficult to gauge then if investors such as ourselves are buying or selling? While the Uskmouth project is up in the air waiting to fall, a CFD (tidal) win would make such a difference to SAE not to mention it's share price. I hope your 18000+ share investment reaps it's just reward.

And the arguments continue to roll in. This is an extract taken from the Observer yesterday...

"Up to 660,000 jobs will be at serious risk if the UK continues to fall behind other countries in the amount it invests in green infrastructure and jobs, according to an alarming study published on Saturday".

"Ireland has been forced to freeze power exports to the UK to prevent a shortage which could have sparked blackouts as surging energy prices continue to cause chaos across Europe".

Could surging power prices potentially help further support the argument for additional investment in tidal derived energy? Should certainly helps bridge the gap between conventional & tidal. What we need is for our government to see what the benefits of the sea can bring and award that upcoming CFD.

"Britain was forced to ask France to send less electricity across the Channel after technical problems with a trading platform in Europe threatened a risky surge of power. Officials issued a request for “emergency assistance” from France on the morning of Sunday August 29 to cap flows to Britain through giant cables under the sea"

Once again this issue acts as a reminder just how much we rely on France (& others) to provide the UK with the power it needs when it has the single, biggest resource of it's own on it's doorstep... THE SEA!!! The UK Gov't must get a grip to safeguard our future power needs... I know one company that can help.

Hi HINDY, yep, me too. I sold at £4.00 late last week for exactly the same reason. I've had this trust for a few years myself but you're absolutely right, capital gains haven't been particularly great. It was intended to be one of my conservative trusts to balance a slightly more & volatile portfolio but the SP never seems to be able to break past that £4.00 per share resistance barrier for very long. Shame as I did have higher hopes for it this year but I'm simply not confident of it's ability to march on.

Due anytime soon I believe.

I suppose you can't really blame the government here. They're playing safe by ordering the Pfizer boost as they understand it's availability is more or less guaranteed while our own Oxford/Astrazeneca vaccine future iappears to be somewhat in doubt. The company have accomplished what they set out to do so maybe time to move on & focus on what they do best?

AGM this Wednesday.

Great post Elchagie. Thanks for sharing this update from JPM. Good news the general broker consensus continues to be upward & onward. Ex divi & SP up so far today!

Cheers everyone. Completely forgot it's ex divi time! I shouldn't though as I've a BIG stake in LGEN in both my SIPP & ISA! Brilliant forum this by the eay.