Member Info for SD235

Just a bit of profit taking. Bound to happen.

They are not short of cash judging by the daily buy backs.

They need to forget about dividends continue buy backs and reduce debt. Possibly a sale if they can get a decent price.

I am in on an average of £11.63.

The huge reduction in dividends has changed the entire strategy of this company from income generator to a growth company and for the lucky ones like me an income one as well.

Debt reduction and taking advantage of the cheap gas prices to pick up bargains is what DEC is about from now on.

Could turn out to be very profitable.

Alas the stalwart shareholders of DEC will have to wait sometimes before there in profits and it will be a total returns profit.

As an aside DEC looks like the least likely takeover possibility in the sector.

I can't see any interest rate cuts before August. Actually inflation falling significantly and making an interest rate cut LOOK invertible will see a big rise in the share price.

Worth noting 1.5 million (supposedly) fixed rate mortgages come to an end this year.

£30 before Christmas and I think I am being conservative.

Therefore in my opinion a considerable increase in income and NAV to come.

Projects in construction are valued at cost.

Contacted GSEO about capital needed to finish projects. They have £74 million cash and they said

"All the projects that are currently in construction are fully funded. We do not require additional capital to fulfil these commitments."

Jefferies say only worth 60p when was that. I can't find it.

Anyway now saying in mid March it's a bargain at 79p?

I am underwater by 8% 78p to 71p today so I reckon Monday will see it start to climb and when we actually get rate cuts it will ŕocket.

Actually it will rise before then when inflation falls enough to make a rate cut a near certainty.

Https://www.proactiveinvestors.co.uk/companies/news/1043204/supermarket-reit-rated-a-buy-on-robust-balance-sheet-and-dividend-guidance-1043204.html

Buy recommendations Jefferies 14 MARCH 2024

One short position added to March 19th small. So nothing lately. My guess is exdivided yesterday and continued selling today, it happens sometimes. Bought a few more.

Can't say the first B share payment is overwhelming!

The share price change agrees with me!

You have to start somewhere and we also have to take account the reduction in the RCF.

All in all a start on the long road to a total return of 80p....plus!

I live in hope!

"Continuing to accumulate whilst at a disproportionate discount"

Discount is bigger than it appears. Assets yet to come on stream are valued at cost. One Trust recently sold a “shovel ready “ project at twice its valuation as it was valuing at cost.

Valuing at cost is similar to buying land getting planning permission but still Valuing at the original cost of the land.

"The Company expects to make an announcement in connection with an initial return of capital using the B Share Scheme next week"

So cash available to return to shareholders. Share price down ...no logic

CarpeDiem1

80 to 85p ìs roughly the money loaned, as there has been no sign of defaults it is a reasonable assumption that's what we will get that back. Or at least thats what's available. Windup costs/management fees may eat into it, specially as its a long drawn out affair.

I don't see any open short positions?

Sentiment is having a bigger effect than normal on the market.

That's what I read into Buffet's statement "that the market is increasingly casino like"

There are of course advantages in that. IE GRIDs present share price is definitely an excellent opportunity.

In terms of income GRID is likely to see a significant increase when the National Grid eventually sorts self out.

Dependency on volatility to make money is always going to be riskier.

Managed to reduceine from 52%to 27% of portfolio.....to early.

Such is life.

I will keep my finger of the sell button for a while.

30% of portfolio just now.

See latest RNS

called cash flow as in the buy was borrowed from my cash reserves then the sale of vsl replenished later my cash stock pile. hence rebalancing my cash to stocks. this weeks swing trade buying 40k worth of amd at $162 at the close on 21/02/2024 and selling for 10% profit 23/02/2024 i still hold a large position at an average of $100 but it is nice to always take profits to keep motivated. also bought some datagroup at below 48eur this week and opened a position in roku at $63. last week sold my pltr when it hit $25 for 100% profit. as i stated asset manged funds always lose money and only the managers make money from them, jup was a chance not to be passed on and will be ditched like a ***** now with a trailing stop loss installed its a trash stock...........blah blah blah blah blah all bull ****e

Krustysmegma

NAV Still going down, although minimal.

This is going to be a long haul. I suspect times will be better by the time they start selling the unlisted shares etc