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Spindok. Stress free is a very relative term if you're buying shares. Spread the risk-I'm sure you do
Whichever way you look at it we are now selling at 60% discount to a NAV that has consistently risen over the years
I'm buying sub 10p. Into seriously cheap territory
Given the strength of dividend cover and good forward visibility the rating looks unduly harsh. Reflects a general antipathy toward this sector of the market
No investor engagement? Really? I've found plenty on Proactive Investors over a long period. There's just a general apathy towards companies like this. Huge discount to NAV and a diverse mining portfolio. I suspect it will move back towards 20p when the microcap market improves
Dazzle. It's not a fixed interest mutual fund. The divi is not guaranteed but seems fairly secure for now. The 3pps divi is what's credited to your ISA
The portfolio is well spread and fluid. There is plenty of margin for error and net cash. With a discount to NAV of over 50% what more could you want?. I'm happy to nibble extra shares from time to time. Much patience required though.
Candid. Depreciation doesn't apply to planes? Of course it does. They either become obsolete or worn out. (downward revaluation). The planes are leased to Emirates and Thai Airways but revenues might be paid in dollars. We are fortunate to have the capacity to invest in euro or dollar earning investment trusts . One of mine is EAT which is wholly invested in European companies yet the share price performance has been poor over the last 3 years. I agree that the UK is in a dismal situation but there are pockets of light and not everything is rosy overseas
Wonder what the tax implications are on the PayApps disposal? Even after payment of the dividend there is still a decent profit so (on paper) the sp might not fall that much. Soon see.
Be interesting to see how the market values this company after it goes xd on Thursday. Any predictions?
Krusty. I think/hope that 60p is on the pessimistic side. I would hope for at least 75p otherwise fully invested LTHs are royally screwed. Tempted to keep adding around this price
Tyma. Doesn't help that it's such a tiny trust. I tend to hold these type of investments long term so the spread doesn't matter so much
The issue for me is visibility. As a (prospective) buyer of offices I would be seriously concerned about reletting once the lease term expires. Owning empty office space is a killer. Markets are always looking forward-hence the uncertainty and catastrophic effect on the sp.
The wind up could be a slow process but the recently announced NAV held up pretty well. Also get a divi next week so I'm holding on. Too late to sell now I suspect
Rather pointless £2 drop last week
Alessandro. Not unique in that respect. Well managed and one of my larger holdings. A decent hold for a divi that gets nudged upwards regularly.
Hospitals have still got plenty of patients
Barney. Not really. I've traded this twice in my ISA and essentially is a long term high dividend payer. Just bought more and happy to collect 10% until the price goes back over £30. I'm sure it will
What's the exit strategy? On paper it's very cheap and if management decided to liquidate the portfolio it would rocket. As it is i'm rebuying the shares I sold for 17p in the hope of another run. Only forms a very small part of my portfolio with a 2 year view (max) and hoping it will produce results sooner than that.
Good for you. I'm doing the same today. There's clearly scepticism about the sustainability of the divi and asset depreciation