Member Info for rylidan

Good company update that only goes to underline how the discount to NAV here at around 50% is quite ridiculous. IMO one of the best medium term buys in the REIT sector.

The Tories are the reason the rates are still so high. They set a 2% inflation target, which means the BoE just follow like sheep and use their sledgehammer of interest rates to bring inflation down. The country needs rates to come down urgently to bring some life into the economy. The Tories just don't care about the pain people are suffering with such high interest rates. They should have set a higher initial target of say 3%, with 2% by end 2025. Gives the BoE far more flexibility.

Another great presentation by Nick and Bradley. Looking very strong for future growth. Well worth a listen if you didn't attend. Available on investor meet.

Approaching 90p and still great value with around 9% dividend. Can see this getting to £1 as soon as the BoE start cutting interest rates. Should be soon!

I like

"4% increase in dividends paid during the financial year to £16.4 million, or 3.34 pps (31 March 2023: £15.8 million, or 3.22 pps), fully covered by EPRA earnings"

Plus, a further increase in dividend likely this FY

Moving back up now towards $80. Hopefully $77 was the low point (also happens to be mgt target for year with their budget). So already have 5 months of oil prices above budget in 2024.

Not many pay a dividend as good as this, with so much potential upside on NAV as well. Also with low interest long term loan in place, seems reasonably low risk to me. Some others are more exposed to interest rate hikes, while not forecast, could easily still come given the sledgehammer approach of the Tories and the BoE

Ah, wrong assumption from me about 4.29!! Can no longer see that trade data. Thanks for correction.

Couldn't agree more GGG

They should put in place a graduated buy back policy with the broker. I've seen this on a few buy backs, not that it's been publicly disclosed (it can't be) but by analysing daily data.

For instance below 44p they could do 200k a day, 44p to 50p 100k a day, above 50p 50k a day as an example

Somekindofnut, you are obviously correct in your mid range statement, but the ask must have been above 44.5 at the time for this to record as a sell as 44.29 is above your mid range point!

Looks like the whole O&G sector is slipping back on lower prices. My I3E shares have slipped as well. Would be nice if oil could get back over $80. This still looks like one of the best O&G plays out there.

Okay going OT

My other two shares that fit your criteria are

THS already mentioned. Good slow build up of assets and they only return around 15% of profit with the rest reinvested. Chrome and PGM play

TMIP around 8% dividend, largest shareholders been accumulating recently. Good discount to NAV. Shipping is on the upward curve IMO. Nice diversity for my PF

It's not just about EV / EBITDA for me, risk also is high up when thinking about what I feel is a comfortable investment level.

Balancing the two, PTAL still comes out on top of my dual listed shares, which is why I have a decent investment here.

Also a great board with posters I appreciate. Even the board clown is entertaining.

GGG, the main issue is yields are very high on the London stock exchange. It also looks like the rolling 12 month yield will fall after the next dividend announcement. It's now looking far more like the "base" dividend while the river work is financed.

Still it's a healthy one, and the company should be able to easily support that. Happy to keep taking the dividends, but we need sales increasing to advance rapidly.

It's great value (dividend wise) at this price IMO, but traders aren't necessarily here for dividends.

Markets are just subdued at the moment

Update on the 6th June probably more of a factor. Inflation still dropping. Interest rates will need to fall soon IMO. It's all down to the stupid tories who have given the BOE a 2% target. So it seems the economy will suffer until we get to 2%. If the target had been phased then we may have seen the country recovering quicker.

Barclays deduct the tax and make a reclaim on your behalf, and then you get tax payment a bit later. HL pays the two parts separately, but does not deduct tax. That's for SIPP and ISA. Don't hold shares outside a tax free wrapper.

My opinion is that the recent fall is down entirely to the drop in Brent. No witch doctors involved. Ex Dividend day will bring another 1.2p drop.

GLA it's still a great dividend payer here

I'm with you moneyman. I've been invested for a number of years, primarily for the dividend. Rarely trade any, don't really care about shareprice as long as they are growing. However to cut back on the dividend policy (which IMO is low anyway for a mature business) is very annoying. I'm primarily invested for the dividends, which I had hoped would grow.

Yields that investments such as GSF must offer in order to compete with very low risk investments has had to rise. That drives down the share prices on higher yield investments as money moves to lower risk ones. The tide is turning in most high yielding sectors, where I expect higher share prices and lower yields in the future.

I'm not saying that is the only factor that will impact share price here. It is however, IMO, one quite significant factor.

Closing in fast on full dividend cover. As interest rates fall this will soar back over £1 IMO. Maybe by end 2024. I agree with others that this is a bargain ATM