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Stocks like this are often owned by long term investors who have dividends set to auto reinvest. When they kick in the price recovers from the ex divi drop naturally. If a stock is good, it's good whenever you buy it. I may well top up in the dip tomorrow morning.

Sold for cash Nov 2023. Looks like another great call by the BoD given today's performance!

https://www.sharesmagazine.co.uk/news/market/1689357247294684900/in-brief-bushveld-and-primorus-revise-terms-of-loan-note-agreement

I was in London last week and nipped into a Greggs. Prices were about 20% more than in my local Greggs. The queue was out of the door. There isn't a high concentration of Greggs in London yet (compared to other big cities). I really think that there is a lot of room for growth in London, and looking at the queues at the one I visited, there's potential for increasing prices still further.

Happy divi week everyone. Don't panic at the inevitable ex-divi drop at the end of the week, it will recover a bit when the auto reinvestment start to kick in and I suspect go from strength to strength thereafter.

Look on the bright side. At least this stock isn't tanking 😂

As the rest of the market tanks, PRIM seems to be holding up well. A sign of long term patient investors and a trustworthy BoD who are not afraid of rewarding loyal shareholders. The 1.5p dividend, together with clear and timely communication has cemented this stock, especially with future good news (potential) imminent.

Funnily enough, I'm on both PRIM and 88E. Don't hold your breath on 88e. It'll take a decade before they see a return. By that time we'll be diluted to dust. My holding is so small it's not worth selling but if it was bigger I'd be looking to offload and top up on PRIM (even if that does mean significant patience).

86p Divi incoming. I expect this to climb over the next couple of weeks before the inevitable ex divi dive. The long term picture looks really good. I agree £30 this year is definitely doable. That potential growth on top of a guaranteed divi, it's a top up for me!

Has anyone used the We Shop app? I've just used it for the first time. It looks good. I wonder if Joe Public will be patient enough to wait 12 months for a payout or understand share ownership but for those who do, this looks a good thing. The main drawback at the moment is that it's not well marketed - I wouldn't have known about it unless I was invested in Prim. I know that this isn't a core investment but maybe some potential still exists. Payouts have been between £250 and £9000 in year 1.

Testing123,

Thanks for this. Looks a very balanced set of calculations. Fresho is the exciting bit. Would be good to hear an update on ALTE but I have every confidence that the board will update us when the time is right.

Has anyone tried to calculate our NAV recently? I have had a look but find it difficult. I know the boards strategy is to make the NAV easier to calculate bud I just wondered if anyone more clued up on some of the legacy investments might have an idea of what we're worth. One thing that I am convinced of is that the NAV is way more (possible multiples of) than the MCAP.

Nothing from HL yet. I reckon we'll know when they start to drop as the top ups will start to flood in and the price will go up.

Agreed, it is a pessimistic view but that is how I trade. Look for the pitfalls and reasons why not. If I can't find any significant ones then I invest. I really hope that CCL can continue to pay down debt as it's moat is wide. Like I say, I'd like to invest but for the time being the risk is too much for me.

GLA

As frustrating as the spread is, I would not let that put me off. The spread will only hurt when you come to sell. However, this is a long term hold for me. The board have just paid a special dividend of 1.5p. If that happens twice more then my shares have effectively paid for themselves. Personally I think that Fresho could be huge and ALTE we hope will come off soon.

What a head mash this one is. A great business apart from massive debt accumulated through no fault of its own. Nevertheless, no matter how many times I look at this stock, I cannot get past the debt. Only 2 ships ordered in 5 years tells its own story. Without the debt this stock flies but with it there's a fire fight to get rid of debt whilst ships get older and older, with a reluctance to replace them and incur more debt, let alone grow the fleet to any meaningful extent. For me, I'll keep watching over the next couple of years. The real gains are to be made when (much) more of the debt has been expunged. It will only take another lockdown or potentially (heaven forbid) a successful terrorist attack on a cruise ship and I'm not convinced the company survives. The risk and reward balance just doesn't stack up for me (yet).

Always happens when a share goes ex divided. Usually drops around the price of the divided (in this case 1.5p). Nothing to worry about but with the potential for further news and divided in the near future it's a strong buy for me. Market cap is ridiculously low!

Anyone else looking to top up this morning? Absolute bargain basement price given ALTE and Fresho potential.

What does everyone need this to reopen at to get their initial investment back? £1.80 for me 😂.

As with many, I wrote this one off a long long time ago. I suppose getting something back will be better than nothing.

GLA

2024 could be the epic year that the patient holders have been waiting for.

Thanks. I loved my Fresho theory but another bit of straight talking from Rupert. This is fast becoming my favourite stock.

Yeah, I saw that. Does anyone know why that might happen? We all know that the share price is likely to dip by around 1.5p when it goes ex-divi. But, would it if it going ex-divi was timed to coincide with positive news on Fresho? What a clever move that might be. Anyone with more experience got any other theories?