Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Adbon71 Expecting a pull back here... And trend change.. a short report will be coming out on this...
Well?
Agricrore PS have a look at LBOW.
Property Debt sector
39% discount
10% dividend.
In wind-down. Loans on property. All first charges. Average loan to value 69%.
I emphasis Average.
All loans are now owing. Sales are going slowly but all are paying their interest.
My first purchase was 54p with proceeds from Civitas. Have been buying with any dividends that come my way. Last purchase 61.88
The gearing is very high. But fixed at a very good rate for 13 years.
Up 13% will continue to buy upto a 8% dividend.
It won't fly until interest rates peak.
But I think that a discount will remain. I very much doubt that base rates will or even should fall below 3%.
We will see in the case of the latter. Either way presently on a 9% dividend so can hang on for quite sometime.
Excellent bit of research there agricore.
I agree with you entirely on valuations of fintechs. It will be along time before it is fully wound up.
I find it difficult to believe that by next year we wont be in a normalised market. Hence better valuations.
Also the interest charged by VSL has risen from 10.5% to 13.8% with no increase in the dividends.
I assume that will change.
Adbon71
"Expecting a pull back here... And trend change.. a short report will be coming out on this..."
When thicko, when?
Krustysmegma
Latest ùpdate.
Good but not great.
I think we have to say good bye to the foreign exchange benefits.
The opposite from now on.
Well probably anyway.
Action will of course save the day. As it grows it will become a bigger and bigger part of 3i. Increasing it's nav accordingly.
When the market normalises I expect it to go to 30% plus premium.
And HGT to at least hit par
Adbon71 (aka halfwit)
"Looks over pumped to me...."
Do you actually own shares in this company? Or are you just wandering around the forums looking for something to make a comment about?
Hi damfori
I have lost interest in it.
Will it continue to pay dividends in the future as streamed interest?
Why stop being an investment trust?
Anyway good luck with your investments.
Agreed very good.
A good differentiated approach.
Share price Will come good or they will go into wind down.
Can't see an obvious downside other than interest rates going a lot higher. IE the discount rate
FALCONER-FLYER
48p is an excellent price.
Tasty dividend and great share price growth.
I am only just in profit. At the moment up 7% (today)
Edit 7.5%
Happy to sit this out, as in wait for what appears to be an inevitable share price gain while enjoying a very good dividend.
I emphasise appears to be inevitable share price gain, not a certainly.
Paid
Not received mine yet.
Well late. In a Hargreaves Lansdowne account.
Anyone still waiting?
Seagull
"Really, 9% is stretching it for a safe bond - maybe junk but not AAA"
No safe bonds low risk maybe.
I bought some 12% 2027 ipf bonds.
Definitely junk?
The company is doing very well. Excellent even. Paid there previous 5 year bonds during COVID.
Junk? They lend to subprime borrowers. More or less doorstep lender. Albeit not quite.
Fact, far smaller increases in defaults from subprime borrowers (consumers not companies) than prime. Your average prime borrower is in debt up to their eyeballs! While the subprime ones don't get to borrow much in the first place.
Even today emerging market bonds have higher coupons than developed market bonds even when the country has proportionally minimal debt compared to developed. The latter has been recognised but has still yet to fully come through in prices.
Ask Bruce Stout of Murray International. Still able to buy some emerging market bonds but no where near as good as in the past.
Excellent update (from you)
I hold Augmentum. It does appear to be very undervalued BUT most in the capital growth sector are on even greater discounts. (It's hiding in another sector).
Either way I have already decided to hold on for at least year and see how it goes.
Thanks for the update.