Member Info for rylidan

Any reason why the share price is looking weak just before the dividend announcement? Are we expecting a cut? I haven't seen anything indicating that.

GLA

Wrt fees, I don't buy under £1k, normally £3k trades. That way the max fees I pay is £6 plus stamp duty, or a max of 1.1% of the purchase. For a £3k purchase only 0.7% fees. Even very large transactions incur the 0.5% stamp duty, so buying frequently or one big doesn't add a lot IMO.

I agree JTS13. I'll be making small top ups over the next year. Only started a small position a few days ago and bought 5 small lots so far. This board is going quiet which is good news. The share buy backs will take time to have an impact, but they will when volume drops off. Crazy that only 8 months ago they issued 32m shares at £1.55 and now buying back for a fraction.

GLA

OK checked. Yes they did get the authority at the last AGM, so I assume buy backs could start immediately

Quite. So did they get the "authority granted by shareholders at its Annual General Meeting in June 2023, which permits the Company to repurchase a maximum of 14.99% of its ordinary shares. "

Thanks Starbright. Very useful and I've also taken up a small holding there. As well as the regional diversification I like the cash position.

Here I think the buybacks will be good, once they start. I believe they may need shareholder approval?

If you read the KID you'll see that this is recommended as a long term hold, and short term volatility is highlighted. Buy low. Sell high. Personally I think this is a perfect opportunity to buy. It is just my opinion and certainly NOT advice! DYOR GLA

I would sincerely hope that the company would not embark on buy backs if there was any question over viability. I am really surprised we are so far below NAV. Agreed NAV will have fallen, but nothing like this much. Shorters will be partly to blame, and the fear they try and instil in the market.

GLA

Looking very oversold here IMO. Nice approach by the BoD to switch from dividend to buy backs. They also reckon its oversold.

I think there have been warning signs in the BESS sector, so the fall much in line with others in the sector. This may have been impacted more, by its greater visibility of being the largest. Can't see what the BoD have done wrong. There have been plenty of director buys over the past year.

I would only worry if any declared sale yesterday. Can't see that as at all likely.

GLA

That's a big assumption to make. At the half year they declared "Committed to pay 7.35p per share for 2023 despite a drop in Operational Dividend Cover to 0.63x in H1 2023, following Operational Dividend Cover of 1.32x in 2021 and 1.28x in 2022." They have plenty of finance cover to ride 2024 out IMO. However, it is just my opinion. You cannot say for definite what decisions the BoD will take. It's a waiting game.

Temptation got the better of me. Will see if I have my fingers next week.

GLA

Can't believe we're down after that update. Same reaction as the last good update!

This has been on my radar for a while. Not investing until we get some news, although I may need to pay a bit more! I try not to gamble, tempting as it is. On paper looks good here.

There's news and no comments? Looks like they will at least cover costs in 2024, which is good. A long play.

Average dividend do far this FY is 2c a quarter. However, think we may get a base dividend of 1.5c for the next payment because Oct to December was when we had the low river levels. With the uptick in production and oil price recently you never know! At least the following quarter is now looking good. Would be surprised if dividends don't average over 2c in 2024. Yes I'm also still increasing my holding on the dips.

Been trying to fathom what could be the cause of the drop. Reckon it comes down to the news headlines being put out of income falling in 2024. Will that be the reality? Seems conservative at £77 Brent. Production also conservative. In reality we're still on a PE of around 3. I'm happy enough to have topped up this morning. Showing as a sell due to spread at the time. Why they need to use the mid price for this is beyond me. Nice to see the continued investment in production.

Has fallen across all markets today. Doesn't seem justified to me. OK, the update looked a bit conservative, but seemed solid enough. Hopefully we'll recover the ground lost over the next week.

Why the big sell off? I can't see any rationale for it. Oil price seems quite stable. Production looks good.

From latest RNS I gather a CREI holder is now also buying into API for value. Currently you can get CREI at 68.1p by buying API. Assuming deal goes through, and I can't see why any major shareholder would want to block. Looks like a good deal to me for both parties.

Nice presentation on the CREI website

https://custodianreit.com/2024/01/recommended-all-share-merger-with-abrdn-property-income-trust/