Member Info for silverknight

Cant understand the extreme sp weakness. Assuming an orderly sale of assets (even if it takes a year or more) they should realise c80pps. The dividends should also continue (even if reduced) so a return of 30% possible. Am I missing something?

I'm also with II and hold mine in an ISA. Although the divi's been increased I've ended up with much less.

Divi less than expected. Anyone else noticed it?

NotR. This is just my gut feeling here. Hope I'm wrong as I have a (small)shareholding here. Priority should be getting the debt down and sacrificing dividends to do that. Difficult market to offload offices right now.

Interesting comments in IC today. See it heading to 20p in 6 months

Yes I realise it due 30th November but they are not legally obliged to say if it hasn't been paid. Bushveld seems pretty shaky.

Has the CLN from Bushveld been fully repaid?

Divi is locked at 5.9pps for the year giving a current yield of 7%. Acceptable but can the sp hold?

Trotsky. Yes, I'm aware that the d reserves aren't all cash. The fund holds a diverse portfolio of quality companies but with generally low dividends. As such the sustainability of EATs dividend's going to rely on their trading skills otherwise the fund's going to cannibalise itself. They've done a pretty good job up to now

Distributable reserves gives the trust flexibility to maintain a dividend at 6% of NAV even if not covered by earnings. I see no reason for winding this down. It's been going for 40 years and I'm happy to add on weakness

Guitar. Emirates payments cover the dividend so should be secure for the next 2/3 years .Thai are back in profit so I would think a good chance of some recovery of monies there.

Wcs. In 2026 the 12 aircraft are sold for scrap which should still cover the m/c as it stands right now. If you hold till then you get 15-20p of dividends. Likely that Emirates will continue to lease the 380s. I think the risk/reward ratio is pretty favourable.

There are 2 potential problems. One is the chance of delisting and secondly (if that happens) SS could claim the cash in Mauritius as unpaid fees going back 8 years. I think that is highly unlikely but turning the other assets into cash is likely to be a long drawn out process. Hence the huge discount to NAV

I suspect a lot of the funding comes through third parties. Individuals who invest in companies like this are adults (hopefully) and do so at their own risk. The red warning flags have been flying for years so research is essential to avoid catastrophies like this

Rns costs to post and SS is clearly focused on conserving cash and realising assets. A delisting would push the price down further. Tempting at .208 to buy right now.

Sadly too many ill chosen investments in the portfolio. Clean Power, Rambler , Landore.etc Let's hope the others pull us through.

LOTM. Interesting investment psychology at work here. You seem to think that synt owes you the amount you have lost(on paper) and are on a mission to recover it by stealth. I have a smaller holding at a pre consolidation cost of £50 but am reluctant to commit the funds and time to get it back. I aim to do so via a broad portfolio of 50+ shares. I have little confidence in synt's management but if this MO works for you then I wish you the best of luck

Barring another pandemic or chronic international recession I see this as a fairly safe income hold for the next couple of years. There- that's probably put the mokkers on it.

MrT. I consider myself a serious investor but this is not a serious investment. It's just a fun punt. You are taking my suggestion of a private individual making a bid too literally. Certainly a small/medium sized mining company could have shown an interest. But nothing since Goldfields over a decade ago. Everyone's losing or lost money here but it goes with the territory for small AIM miners . I suppose you can hang on to the hope of recovering something but how long do you wait.?Shareholders should be massively frustrated by this self-serving man in charge who has no real interest in looking after his shareholders

MrT. If it is so cheap even a (fairly) well heeled individual could make an offer. None has materialised. Why is that? Well Mr Bird has no credibility for a start. Remember him saying in 2018 that Mankayan alone was worth $90 million? We owned all of it and look what happened. I haven't seen any clear projections as to what Hope will cost to bring to production, where the money's coming from and a clear time frame to start mining. He makes it up as he goes along. Be careful to differentiate between what you want to happen and what s actually happening. Still gamblers out there willing to take a punt.

No. The share price is low but the company is not cheap. People said it was cheap when the sp was .5p. Bird has just been buying time for years (very successfully from his viewpoint). When will it run out?