Member Info for rylidan

Seemed very likely that more directors would jump in at this price IMO. Good sized buys too.

GLA

Enough for me to start building here. Seems oversold IMO.

GLA

With a current 9% dividend it's s bargain IMO. Low coupon rate on debt is very attractive, plus reduced management fees.

Only downside is the declared loss this year, and falling EPS, that look to be due to the issues being resolved. So even that could be looked at positively as we are a massive 40% discount to current NAV.

GLA

XD today, and still up 1.69%. Nice.

GLA

There we go. Declared as expected before results.

GLA

I hope that those posters that are still shorting this are starting to worry. IMO this is the start of the climb back towards NAV, and we still most likely have a lot of shorts to close.

Topped up again, with my current strategy of moving some REIT holdings into renewables. The whole sector looks terribly oversold to me.

GLA

Today I sold my first purchase here at break even! Very happy with the yield I've received on that. Kept all my subsequent buys, for a solid holding here at a great average. Now I can forget this particular investment and enjoy the dividend stream, and most likely capital growth.

It was only approx 10% of my final position I must add!

GLA

I've been.playing catch up for the past month! Been slowly moving cash from REITs to renewables. This is considerably oversold IMO.

GLA

Moved some of my REIT investment cash over to here today to rebalance a bit. This sector should now slowly move up and close the rather stupid discount to NAV.

In the meantime, the yield on offer is exceptional.

GLA

A similar pricing to HEIT would put this over 90p a share. Tremendous value here right now IMO (as well as in the whole renewables sector). I'm staying diverse across a number of funds.

Expecting some of the HEIT funds from cash offer to find its way here and similar trusts over next few months.

GLA

Dividend has in the past been announced before the results.

Delay could be due to new investment manager?

In November they said dividend fully covered, so as no warning since, I'd be very disappointed with a cut.

GLA

Normally bad news is pre-empted early IMO. Obviously one poster would very much like a cut, but then he's not an investor here!

Should get the full property portfolio back revenue earning soon, then likely to see a dividend increase, and the discount to NAV significantly reduced.

Dividend declaration a bit late to let mates in at this low price IMO, or could just be due to the management changes.

GLA

I would have hoped the BoD would have issued instructions to increase the buyback if the shareprice fell. Say 20k a day at 35p and over and an extra 10k a day for every penny fall. Makes sense to concentrate buy backs at the lowest price in the year.

Falling in very thin volumes and it would definitely help IMO.

GLA

If it's like last year, we'll get the trading update in around 2 weeks.

GLA

Bott, hope your short is hurting you. It's going to get a lot more painful. Try talking some sense.

GLA

No, the buyback does not reduce the cash for dividend. This is because the dividend is more than fully covered from cash flow.

GLA

Cheers, I managed to miss that. Was expecting a drop today for my top up but it hasn't materialised! Now I know why!

GLA

Assuming as per RNS were ex divi today on AIM?

The dividend is fully covered by the current cash generation, and they have excess cash to invest which is best spent on buying cheap assets. The cheap assets happen to be their own shares.

The directors are best placed to know if that is the best strategy IMO.