Member Info for silverknight

I agree ade. I bought in April 21 at 321p. Most investment trusts are losers since then but this is one I'm not greatly tempted to average my loss on. Just hope the divi is maintained.

Lti. A 16p dividend reserve is pretty paltry compared to EAT.

That's really not very comforting.

Key issues for me

1. Size of revenue reserve in relation to m/c?

2. Most of the largest holdings have small dividend yields. Have they been held for a long time?

Sustainability of dividend is paramount

Anything under the midpoint on quoted price spread is assumed a sell. You'ld be better off donating the money to your favourite charity (if you've got one)

High dividend just reflects market scepticism about its sustainability. Or else everyone buys it and the price rises

The picture might be clearer on results next month.

Same here. Over 28 months the sp has lost 92p and the divis paid 60p. Hopeless.

Ria. Analysis? There are issues that need to be addressed by a board with poor communication skills. Questions

1 Has the $500,000 due in July been received?

2. Threat of contagion with disputed payments?

3. Why haven't board members taken advantage of the decimated sp to hoover up shares.

I don't think we're in a closed period.

Another AIM company where the board get paid whilst their shareholders take the pain

Seems like the idiot that made multiple posts and inaccurate predictions has disappeared. That didn't take long. Maybe worth a nibble if it drops back below 3p?

MrT.

As Bird said in 2018 that Mankayan's value was $80million how has he allowed us the become a minority holder in an unquoted shell company? Bezant has been wide open to a takeover for years but nobody is interested. Why? As you say it would be worth nothing if it remains on ice for 10+ years and with current risk aversion and high interest costs it's likely to stay that way for the forseeable future. Bird will keep (trying to) raise new monies on the promise of paybacks but the real motivation is to keep his director's fees rolling in. Who are the losers over the last 1 to 10 years? The shareholders. Guess who's the only winner? That's right. This scenario is played out over many AIM companies. If there is salvation in all this it is most likely to come with another speculative bull market. Here time is the enemy and more funding needed.

We actually received 8p per share from the non refundable deposit from Goldfields SA (Dutch) at a time the sp sat at 30p. It had peaked at 76p. Happy days. I am doubtful that any meaningful benefit will accrue from what's left of the Mankayan interest.

Now priced to fail. Why has the company not presented on Investor Meet Company this year? They're clearly frightened of the questions they'd face. Next 6 months crucial. Pure gambling money at this stage.

It must pay 90% of its net income profits not its net rental income otherwise a loss making reit would soon be insolvent. The market seems to be factoring in a number of insolvencies in the portfolio of tenants so the interims will be interesting in September. A question of how bad?

That's masterful understatement Krusty. I'm down about 45% but reluctant to average as offices are easier than (say) supermarkets to downsize/relocate as times get tougher. I expect the divi to be cut on next declaration.

Interesting to read the accounts last week of VIP reit and their view on the office situation (they don't hold any). I suspect that things could move quite quickly over the next 6 months so will be keeping an eye out for updates.

The market is taking an understandably cautious view here. The main concern (for me) is if the company becomes a forced seller into a market where there are few buyers. On paper the sp looks good value but right now I don't expect it to reset above 50p short term. Hope I'm wrong.

CT. These are very much the issues affecting REITs generally but offices are perceived as the weakest sector. I hold some of these but am more inclined towards SUPR which should be more resilient to current problems and a decent yield.

TT. This is a fine company with an excellent divi track record. I also hold AV and PHNX for regular income in my ISA

Very predictable rns. Sanderson are over a barrel here and the 'buying time' scenario continues. More confetti shares issued creating an ever greater overhang. Any sp advance (??) is likely to be heavily sold into. Also more working capital needed. Where's that coming from?