Member Info for rylidan

Also in the queue to get my dividend. It will be Monday or Tuesday I suspect. They like keeping your money over the weekend. It's probably going back in here.

Seems we've possibly found the bottom when oil dipped into the $60s

Did you say there's a leak in the 🎈?

I suspect we've now seen the bottom at 56p. Incredible yield with the 7p this FY being reaffirmed. Even if you believe that we may not get that much the yield is highly likely to still be above 10%. The update also seemed very positive for future returns after that.

It looks like an important piece of infrastructure for the foreseeable future IMO.

Didn't expect to see these levels again after some strong updates from the company. Taking advantage while I can with some slow buying over the next month to get a lower average. Was intending just one large buy under 45p, but it doesn't look like I'll get that now.

GLA

The renewables ITC sector, IMO, has been incredibly oversold during September, so far. How far it continues is anybodys guess. I'm now loading up as much as I can, and rebalancing my PF to take advantage. Could be a sticky month or so, but I see some potential big rewards.

GLA

Haven't seen a recent PSU RNS. They are either not doing one this quarter (hopefully) or waiting for the bottom price to issue them (hopefully not!).

Sell off seems overdone. Cash now making up a larger percentage of the MCAP.

Getting a bit painful now. Maybe they are hunting some stop losses before we get the bounce back to mid 50s and higher? Hard to know. Keeping my eye open for an absolute bargain top up!

A good update from the company. Reaffirmed the 7p dividend target for this FY.

Looks like organised selling. Taken down by "A" trades. It's a matter of topping up on the bottom if possible, I guess. Could we go as low as last time? Surely not. Selling should hit resistance soon.

GLA

Reading the RNS I have a feeling they are painting a positive picture to what may not be a great update to come. There's going to be one off costs associated with this reorganisation. Hence the market is pricing that in.

Just my opinion on how it reads.

That said, the ongoing picture looks like it should be improving. A well timed buy could reap good short and long term rewards.

DYOR!!

GLA

I sold most of my trading shares a while ago. Down to my core holding, which I'm happy to keep for income.

Company has said base dividend safe with Brent in the 60s, and analyst averages for remainder of year around $75, which means we will still exceed our forecast of average $77 Brent for the year.

If forecast next year lower than $77 it may mean a cut in the development budget next year.

No big deal, they have plenty of flexibility to ride any dips out IMO.

Of course the share price may also dip and I'll be buying my trading shares back, plus more.

So very happy here. It's a well run company IMO.

Exactly, the dividend as a percentage of NAV is very low compared to other REITs. The reversionary potential is therefore far greater. Don't dispute there are issues, that is widely publicised. However, the issues are being slowly resolved.

The market is not pricing in the reversionary potential AT ALL. In fact it's discounted us further for having that potential as we are one of the highest yields around!

Mine is a medium term view here. This has the potential to outperform most of the other REITs over the next 3 to 5 years. Great ongoing income from this share too. Also has great long term interest rate on its debt, not recognised by the market.

I also hold SUPR for the good dividend. Smaller holding than SOHO because I see that as a solid income play rather than income plus growth potential.

In fact, of all the REITs I hold, my assessment is that this will most likely outperform them all in a 3 year time frame. We shall see! My bets are well spread.

Thanks for the Friday date. I'll be looking out for the update.

GLA

The main barriers to a significant correction upwards taking place are:

1. Very large base of small retail customers, lots with short term views and trying to make a quick buck

2. No big news expected for a while now

3. The BoD continually doing institutional placings well below the current share price.

3. May be mitigated when the company has enough in place to get project financing from a bank or institution. Doubt if they have sufficient funds to get there, sadly.

The long term opportunity is massive, but is it enough to drive the price up, given the above?

Whatever! Still a ludicrous discount to NAV

I've sold up and decided that's it's in everybody's interest to vote NO. DYOR

GLA

Only just logged on to check today. Seems I missed a fantastic top up point at open today. Still I'm happy with my holding for a long term hold. Should be a 10 bagger from here within a few years. Going out to celebrate

GLA

The has to be commercial to submit a Mining application.

The company stated:

"The data continues to be evaluated by the Company's subsurface team and will be integrated into a Feasibility Study, which will form the Mining Licence application, and demonstrate to the Mining Commission of Tanzania the viability of the Itumbula Project. The Application will be submitted in the next two weeks."

You know it makes sense

Day trippers starting to close their shorts. Only 40 mins to go.