Member Info for SD235

Good luck to all.

No idea what the jump is about.

Looks like insider trading? As no rns.

Either way I am in but pennies only.

Again good luck all.

20% sales growth is not the same as a 20% profit growth.

In the case of Action profit growth is significantly higher than sales growth.

Not always true in other companies, specially discounters.

Nearly half of my ISA is in 3i and can see no reason to lower it. Even with the present premium to NAV it's still a buy.

Punters

"Falconer, property prices are falling and probably will continue to do so for the foreseeable with a further rate rise being touted. That means the NAV here will fall - not good"

SOHO is not the definition of housing. This accommodation for the disabled.

They are not valued the same as housing.

Silly to think they are.

I don't always assume that high percentage ownership by management and directors is a good thing.

Symphony international is an example where management and directors are clearly working for there own good and not the rest of the shareholders.

I have just started investing in this company.

I intend on making it a large percentage of my portfolio.

UK only. UK cheap no FX worries.

Very small to small businesses. Again cheap.

Some excellent sales with 50% uplifts.

Returns 10x costs.

They look to me like they have a niche in the private equity investment trusts sector.

I like niches!

I would like to buy in my ISA but it's with freetrade and not available in there .

Probably in the future.

In the meantime a small investment in my SIPP.

3i my biggest investment followed by HGT. Intend on making this my second largest investment. Soon I hope.

Abdon71 Where are you? You were going to give us advice on the 3i board.

"Looks over pumped to me,"

"Expecting a pull back here... And trend change.. a short report will be coming out on this..."

It was £17 when you posted the above.

It's now £20. Can you help and tell us when the trend change and pull back will happen?

Much appreciated if you would.

I have LBOW in an isa with freetrade they say they haven't received the dividend ýet. Is the true for anyone else??

Adbon71

"Expecting a pull back here... And trend change.. a short report will be coming out on this..."

Still waiting for your report?

Come on stupid let's hear your report!

That's £195 million at 2.6% for 13 years !

Got some big dividends coming up, hoping it don't rise for at least a week.

Mistake earlier post.

£195 long term debt (13 years) at 2.6% not 2.3%

On the upside somewhere to put any spare cash.

TENT and SOHO are getting my dividends at the moment.

TENT no gearing

SOHO 51% gearing most fixed at 2.6% for 13 years.

Anyone know the interest rate and how long for?

LBOW announced special dividend of 7.4p capital return.

New NAV 50.74p per share. Share price buy 31p

7.4p return of capital..

17 August exdivided

1st September payment

No Idea if this has been mentioned.

51% gearing... dangerously high?

Average interest rates 2.34

Average length 13 years.

The latter is an excellent reason for owning!

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