Member Info for SD235

"The opposition will now hold 61 seats in the 150-seat parliament, while Georgian Dream will have 89 - a majority but not big enough to enact the kind of constitutional change it wanted, to carry out its threat to ban opposition parties"

Odd the share price is not reflecting what is undoubtedly good news?

Or is it just away of saying the shares have been moved to the new company ie Alliance Witan?

The Financial Times

10th May 2024

“For the past five years, Action has maintained a record of growing earnings approximately three times as fast as the peer group. For the quarter ending March its year-on-year run-rate ebitda growth was 28 per cent. And while like-for-like sales growth has slowed a bit, expansion plans matter more. Portugal, Switzerland and Romania are this year’s new markets, with management seeing space to approximately triple the European store count at a pace of 300 to 400 openings a year. Then comes expansion into the US, Asia and perhaps even the UK by the end of the decade.”

Looks like Alliance have sold all there shares in GSEO to a nominee account at Bank of New York?

Shorter is shadowfall capital

https://www.cityam.com/short-seller-makes-multimillion-pound-bet-against-3i-group/

@Hardboy

Action has no income?

Seriously?

An actual increase in NAV.

Probably a one off!!

Still well below NAV.

So the simple answer is yes.

Quoteddata suggested they should go close to NAV.

COULD be a long haul but should still be getting dividends while you wait.

COULD be a quick deal selling to a institution for instance.

I will sit it out. The dividend is decent.

New hire in social housing

https://atratogroup.com/atrato-group-bolsters-social-housing-team-with-hire-of-adrian-denrico/

Https://www.edisongroup.com/research/improving-rent-collection-and-fully-covered-dps/33961/

Not happy about the lack of info on fees.

I think this was hurried move so they could give triple point there notice.

The big thing in the future is to not allow these housing associations to get behind with the rent.

That alone would improve the share price significantly.

But the fact that they have, will hang over the company for a very long time.

IE this company whose income is paid by the government is it really really low risk....no as it turns out.

A suggestion for all check the dividend as a percentage of NAV. Would you pay NAV for that dividend?

Today that would get you a dividend of 4.8%. No increase in dividend for 3 years.

NAV is 113.8p from Ediston

Like triple point they have multiple strategies in the alternatives sector. Unlike triple point they appear to be more successful. They had a very experienced recent hire who is specialises in this sector

https://atratogroup.com/strategies/

They have plenty of knowledge of the sector. They run fund in this sector.

PS doubled up on RESI on Monday based on the soon but not yet sale of local authority homeless property.

Note that has not gone through yet.

Feeling a little smug. But really just luck!

Atrato proper spelling!

Also up today

Atrato Onsite Energy PLC, up 20% at 76.54 pence, 12-month range 60.2p-79.6p

Not the same business as SOHO.

SOHO is rental for the disabled.

This is a more likely move. https://www.reuters.com/markets/deals/blackstone-sells-3000-uk-homes-pensions-giant-uss-2024-08-13/

The shared ownership is popular with institution.

The other two thirds are selling above NAV.

ALTRARO (runs SUPR) and is taking over from triple point at SOHO has a management company that works in the supported living sector. I think they also run a shared ownership portfolio. They maybe interested.

A good chance all the shared ownership portfolio could be sold in one go.

The retired living portfolio might be sold individually so long term sales.

Anyway I have these shares on freetrade and they don't allow voting. I would vote against. These SOHO and SUPR were my long term lower risk holdings.

Not happy

Https://www.cityam.com/short-seller-makes-multimillion-pound-bet-against-3i-group/

I have decided to sell out

When it gets to a 80% premium!

It's been there before.

Although you do need to take into account there increased buying of Action shares..

Longtimeinvestor Who is dcb?