Member Info for silverknight

My (post consolidations) shares cost the equivalent of £14-43p each. Should have taken the cruise instead.

Various issues have dragged this down including adverse currency movements. The road to profitability has extended but is this business only worth £2million? I suspect it will either go bust or the sp will recover by the year end. Once again CEO failed to respond to my email for clarification. Pathetic

Sight! If you are going to post negatively (and there's plenty of scope) at least do it constructively. Not just meaningless one liners.

Yes, at this price the assets net of cash worth about £500k. I suspect they are having problems concluding the Radar and property disposals. If both happen the sp should rerate to about .45p. Tortuous.

Another accounts delay. They use meaningless expression 'on track to deliver' objectives previously stated. That track could be 100 yards or 100 miles!

Genghis. Mugs game trying to call the bottom. I'm a drip feeder. Asset value only an issue for refinancing. Supermarkets don't tend to relocate so their income stream is pretty secure.

Are supermarkets going to stop paying index linked rents? No. If you're happy with 6+ % divi (I am) stick with it . Brokers like to get people to shuffle the pack. For me it's another chance to add.

More nasty surprises around the corner? If everything is OK they should issue a statement to that effect. This stinks and it feels like some investors are salvaging as much as they can.

No reply to my latest email. Are things really as bad as the sp suggests?

toneman. The nature of the beast is to provide a sustainable dividend stream. I have bought these for income in my ISA and not too concerned about capital appreciation. Horses for courses.

It should be akin to a human giving blood. The body regenerates the blood donated . In the case of an IT its investee companies should be profitable and dividend paying to sustain it. If not management aren't doing their job.

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?