Member Info for silverknight

A quality stock. One to hold long term for the dividend

The spread is actually 22.5 to 27.4 - not too bad for such a thinly traded stock. Can't see that this is a good share to p and d. It's a ridiculous concept for suckers .

Priced for serious problems. A statement of reassurance might help?

M/c fully covered by hard currency cash. Time to sit on hands and things to develop

Davey. Some of us go back to the Lonzim days but very few indvidual holders left. You're right . Suspension is no more than an inconvenience. Be very interesting to know what's going on behind the scenes. The Paynet IP could be an ace in the hole? Hidden value.

Toffee. Are you fairly new to this? £60k really is pocket change.

I think forecasts of 400p (even in 2 years) are fanciful. Barring a meaningful economic recovery I see this trading in a 110-160 range for the forseeable. The other possibility is an opportunistic bid from the Malays at a low ball price. Pure speculation though

Doubtful given the nature of the business. They have the most recession resistant tenants who tend to remain in situ long term. Net gearing a very conservative 15%. Underpriced

Guitarsolo. I expect (hope) that the sp to remain stable for the next 2 years subject to market conditions. I'm in for a great dividend over that time

Jumbo . You're living in fantasyland. The dividend is unsustainable and will be cut. This company is facing an existential threat and needs urgent action by the directors

Is the $82mill in an accessible interest earning account?

Hope not. Every RNS costs to post and the free float is tiny. Even if all the assets go our small time Charlie doesn't make a fortune

Correct. Ungeared and a snip at this price.

A lot of us aleady have

Divi based on previous payouts. Plenty of similar or better NAV discounts out there. I'm holding but not inclined to buy more

I wonder if the big Malaysian shareholder who took up their rights might be mulling a bid? Need to be at least the highest price over the last year so it's cheaper for them to wait a bit.

Has a good long term track record with consistent dividends. Also great potential from as yet undeveloped areas. I'm buying more at these levels

Divi due this month?

Will the accounts be filed by end of month or another suspension?

Guitarsolo. Thank you for your comments. It seems that if the equity element (23%) failed completely (unlikely) then the sp is more than covered by the asset backed loans. OK the wind up process might take 3-5 years but there should be an instalment fairly soon. meantime the divis keep coming in

Krusty. Loans are still assets of the company and if they are short term (and they keep paying the interest crucially) then the process should not be excessively long. We seem to be priced for some defaults . I'm happy to hold as long as the divis keep comng in