Member Info for rylidan

Totally agree the business update is key. Have a look at the growing NAV in the last 3 years results.

The share buyback will help also reduce the free float in the hands of retail investors. It will make it harder for the declared 1.75% short to buy back, which is probably the tip of the iceberg, with many small retail shorters on here, and other funds under 0.5% short not needing to declare.

I'd like to see a progressive dividend as well as a progressive NAV. That will definitely send out a strong signal.

The shorters will always be trying to get you to help them by selling.

Just my opinion.

GLA

Yeah, I'm certainly not scared of running my winners. It's the shorters on here who need to take heed. It's a dangerous game for them from here.

Brent slowly on the up. Above $83 and hopefully will close the week there.

GLA

I considerably reduced at 71p a while ago. For me I was disappointed by the broken promise of a progressive dividend.

However, to be fair they are growing NAV at quite a rate. So I've re-evalated on the latest news, and decided that the buy backs are likely to have a significant impact.

Therefore I've topped up. Not yet back to my original stake, but I'll see how the next month pans out.

The current dividend looks reasonably safe as well, which is good. Maybe they will start to progress the dividend, as promised when they restarted it at a lower level.

GLA

Looks like most of FIL was hovered up by someone, who said "thank you very much!!"

Not sure why the big sell off after the results. NAV reduction beats MSCI Index. Fully covered dividend from earnings at 8%.

Seen comments about the Starbucks deal. However I believe the benefits of having a Starbucks on this estate was covered at the last investor meeting. I believe its one of those win win deals, that increases desirability of the complex as a whole.

GLA

With Brent hovering around $83 that's great news. Only just gone ex divi and looking forward to the next one! It was the only one at the "base" level of 1.5c last year. Will be very interesting to see if that increases this year. I suspect it will given production numbers combined with oil price.

GLA

Actually, we went ex divi on JSE today, but tomorrow on LSE. Didn't quite understand that, as we're in the same time zone?

Bought a few times in the past 2 weeks to open a small position here. Looks like an attractive buy in price and adds a bit more diversity to my PF.

GLA

Had bought into CREI to equal half my API holding, a tad under 68p. So this morning sold half my API holding to derisk the possibility of CREI not winning, at a small profit and a dividend.

If SHED win with their low ball offer I'll hold for fair value before selling. If CREI win I'll hold fir the enhanced fully covered dividend.

Whoever wins will rationise by selling large chunks of API and keep the remainder for almost nothing IMO. It's a nice bit of business for the winner.

Was quite hacked off by SHED comparing their offer to the CREI one, after CREI had been played by the funds down to a stupid price. Now SHED have also fallen their offer is not so attractive!

All looking good to me. Couldn't resist a top up (showing as a sell!) before ex divi day tomorrow.

GLA

What's more the CREI offer was 62p based on their share price at the time of the offer. The new one is 59p.

I have every confidence the CREI shareprice would re rate over 80p if the offer goes through.

I'm sticking with what I see as the better offer.

Personally I think this is just a ploy to scupper the CREI deal. I was very happy with that outcome albeit CREI are getting a great deal IMO. You have to realise API is in the grip of shorters who are desperate for this deal to fall through.

Our weakness is size of portfolio and being in the Aberdeen stable.

I don't trust this "new" offer. I'm not changing my decision. I also don't trust other posters, so I'm certainly not going to change on the recommendation of someone I don't know, and whose motive may be suspect.

GLA make your own minds up!

I also don't have a problem with Karo. I'm also very happy with the input from Theresa around the times of RNS release. It is very rare to get that, and I very much appreciate it.

Will be looking to top up when funds come in, assuming we haven't climbed up quite a bit. Very undervalued on the assets owned IMO.

GLA

By the 4th March is my guess. It is a guess though!

Nice to see directors taking advantage too. Everything out in the open. Work to do, but should be a solid long term investment from here. I started building a bit too soon, but happy with my ending position.

GLA

Passed $83 in last hour, but a bit of resistance there, or so it seems. Will be interesting when the North American Market opens.

I think Manolo said they were limited to 28m shares a year buyback, which was stated as 10% of free float? So more buy backs may not be possible. If they keep running the current one I'm happy.

At 50p this would still yield 13%, before any tax payable. Seems like 2c is almost the new 1.5c, but guess the BoD like the flexibility of falling back to 1.5c if needed. Hopefully we have at least 6 months of high productivity ahead to set us up nicely for the full year, and maybe a full year dividend in 2024 over 10c.

GLA

He did rather spam the board yesterday. One of your quotes starbright

"Too much regurgitated LSE bulletin board nonsense on these topics…"

It isn't personal. It's just a BB! I think there was rather malicious personal statements about the BoD yesterday. That did feel personal. All IMHO.

I only have my toe in this water, but it's an interesting sector with plenty of potential.