Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
Me too. Buys showing as sells? seems to be overlooked unless we are missing something.
3 months and no news on property sale or sale of Radar holding. Bleak article on Zimbabwe in Sunday Times yesterday
G/s hardup. Another possible safety net might be converting some of the offices into residential (subject to planning issues). The quality of the tenants seems pretty decent but I suspect it'll come don to the depth of the upcoming recession.
hardup. I've got shares in all 4 of these for the dividends so hope they continue paying out. Depends if it's a long and deep recession I suppose.
Gerry. Interesting article in IC today giving divi cover as 1.2-better than some. A reasonable gamble I think but things should be clearer by the summer.
Sentiment against reits and offices seen as particularly vulnerable in the medium term. That's the reason for high yield and huge discount to NAV.
I agree rivaldo but they're not unique in moving the goalposts along the way. Recurring revenue deals get amended and the cash balances evaporate. Directors should be buying just to demonstrate confidence. My email to SM got an extremely non expansive response. Confidence in short supply and i'm in no hurry to buy more.
Directors hold a big chunk of the equity so sitting on a big loss. Their disproportionate fees/bonuses relative to the m/cap need to be trimmed. Small shareholders are severely disadvantaged. I suspect profitability put back to 2025 at the earliest-hence sp collapse. In SMs shoes I'd be looking at taking this company private in 2023-cheap to do at the moment.
Indeed . Assuming the company remains solvent they should be filling their boots at this price. A reassuring statement might help. I'm averaging 30p on this but how long do you keep averaging down?
Excellent defensive punt at the moment
Imagine you invest £10k here on a 5 year timeline and never check the sp in all that time. You just collect your 8% divi on a quarterly basis. If the sp is plus or minus 10% at the end i imagine you're pretty happy? Ho many people do that?
I seriously doubt if CB spent 100% of his time on this company that it'd make any difference at all.
Interesting bit of investing psychology here. Some investors would obviously prefer a share whose price dropped 20% but paid a 10% divi to one that dropped 10% but paid no divi at all.
zac. I hold these in my ISA . Don't expect much capital appreciation in 2023 but prefer exposure to Europe rather than UK. You know what income you're getting for the next 12 months.
JD. The IC likes this company but its sector is rather out of favour at the moment. As a counter intuitive bet I think it's worth a punt based on its track record
Hmm. They make the right noises and Liberum like them but the sp and yield suggest great scepticism going into a recession. Let's see what 2023 brings.
Fortunately the CEO doesn't take a salary and it's not loss making (very positive). I think it's at roughly 50% discount to NAV but that is only on paper. Plenty of less risky plays on big discounts. I've held these a long time so I hope it does come good. The property disposal would be a big catalyst to making it happen. Yes, I recently cashed out of mafl at 100%+ gain. Still think it's got potential to go further.
Sadly the two gentlemen(?) you refer to seem incapable of putting forward a rational argument-especially Snoop. Some of these posters are quite worrying.
Toffeeman. Back to school for arithmetic lesson. 500,000 shares at .4p =£2000.
davey. I wish the price was going up "all the time" but it wont break the .5p barrier.
We haven't even had confirmation of the Radar sale yet-let alone the property disposals.
The Zimbabwe factor is keeping this in check
MrT. I suspect I go back much further than you with this company. 10 years ago it looked like a largely derisked entity with a 10% non refundable deposit paid for a prospective purchase of Mankayan at $70million. Shareholders were returned 8p per share which we thought cemented the deal or at least the intrinsic value of Mankayan. This has turned into a minority stake sideshow. £300k is chump change in the mining world and Hope was only a cheap bolt-on acquisition in the first place. The sp only reflects the market view of bzt (and many others in similar situations). Obviously people with large holdings will/must be optimistic but you can only forecast positive news for so long before credibility evaporates completely. A prosperous Christmas to all investors in this and other shares.