Member Info for SD235

Msn1
I feel you have let me down.
You said 95 followed by 100+
You were so positive about nrr.
Buy I hope you're wrong about the 77p
Anyway those large amount of sales hasn't effected the share price up 4% so far today.
Reinvesting dividends??

Krustysmegma
Yes Action a discounter which has done excellent but a recession is likely improve its results?
2% discount today but 20% plus premium is the normal. Going through the figures on Hargreaves Lansdown it has been on 45% premium in the past. Long way to go.

1msn Your always so so positive!
I hope your right!

From today's rns
" The average interest rate on the portfolio was 13.9%, up from 13.3% in October 2022"
Interest rate in December 21 was 10.5%

Terrym1
Price is definitely going the wrong way at the moment.
Not sure about pollen it is on huge discount though. It might end up in wind down.
Biopharma looks like good option. Regular special dividends as well.

Nice spread

From there accounts
Revenue reserves (£’000)
Prior to payment of fourth interim dividend
33,491 26,485
After payment of fourth interim dividend
20,363 15,073
You will have work that out as percentage of total NAV or is it share price?
It is after the final dividend so it is the true dividend reserve.

Henners007
"What's not to like. Discount widened far too much"
It's poor dividend increases prior to covid.
It's poor dividend reserve a product of its merger with Perpetual income and growth. We/they kept are dividend reserve. A company who increases its shareholders by a third has a very large decrease in its dividend reserve. Further more prior to the crash it was already preparing for the reserve running out by having a vote for paying dividends out of capital.
I would suggest all of the above points to low dividend increases for the foreseeable future.

The 33% shares are in unlisted companies (mainly) so you have to hope fintech turnaround. I think 50% fall. And the unlisted ones can be sold. Furthermore at a reasonable price not a fire sale price

Damn just noticed I have gone into a loss on vsl. I was up 3%. On the other hand I have a small limit order on them.

VSL today 81.4p to 82p lower than post the announcement.
Clearly the market is not at all Happy with wind down. The debt sector doesn't seem to be going in the same direction.

I Dont employ an accountant either. It's basically for low income people like myself.
This is the HMRC explanation.- https://www.gov.uk/apply-tax-free-interest-on-savings.
Note it must be streamed interest Paid as dividends if its from an investment trusts.
Ignore the bit about Open ended as they can't hold illiquid assets.

Read again I didn't say the market doesnt understand it. I said the market doesnt think much of the probability of a wind down based on the share price.
No need for snide comments.

Well clearly based on share price the market doesn't care to much for this wind down.
Out of 18 shares only vpc is down today. I really struggle to understand the stupidity of some people on here.

From aic "The Discontinuation Resolution was not passed at the EGM held on December 2020. The Board will continue to evaluate the Investment Manager's performance before 31 December 2022 and decide whether or not the Board should call for a Shareholder vote to wind up the Company."
I note it says investment managers performance not share price performance.
Also it's full name is "RIVERSTONE ENERGY LTD (RSE) REDEEMABLE ORDINARY"
If so when are they redeemable?
Nice discount if there is a redeemable date and price available or a vote in favour of discontinuation?

Millfield
I think you have that wrong. if it is a deep recession selling out of debt particularly the companies they own shares in will be disastrous. The returns will be minimal.
An obvious but, is they will probably cease doing so until the market picks up. IE no chance of getting out at good price or a long wait to do so. I will be selling out (probably) early. Annoying as the dividends from this company are covered by the £5,000 starter savings tax allowance.

CarpeDiem1
Clearly mummy and daddy did treat you particularly well. Didn't you live up to there expectations? Never mind there's a lot like you on here××××

Thanks for the article.
If you click on investor comments not one supports it.
And as stated earlier how do you deal with the equity investments?
From the article
"The challenge will be the significant equity exposure and how effectively the manager can exit these positions as close to NAV as possible,’ he said"
Another words broomhead and adv are have got no chance of getting nav.
Minimum time end to loans is 17 months.
https://citywire.com/investment-trust-insider/news/investors-pressure-231m-vpc-specialist-lending-into-full-wind-down/a2405484

Market hasn't made much of it?

broomtree
So no answer then?