The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
Dazzle. It's not a fixed interest mutual fund. The divi is not guaranteed but seems fairly secure for now. The 3pps divi is what's credited to your ISA
The portfolio is well spread and fluid. There is plenty of margin for error and net cash. With a discount to NAV of over 50% what more could you want?. I'm happy to nibble extra shares from time to time. Much patience required though.
Candid. Depreciation doesn't apply to planes? Of course it does. They either become obsolete or worn out. (downward revaluation). The planes are leased to Emirates and Thai Airways but revenues might be paid in dollars. We are fortunate to have the capacity to invest in euro or dollar earning investment trusts . One of mine is EAT which is wholly invested in European companies yet the share price performance has been poor over the last 3 years. I agree that the UK is in a dismal situation but there are pockets of light and not everything is rosy overseas
Wonder what the tax implications are on the PayApps disposal? Even after payment of the dividend there is still a decent profit so (on paper) the sp might not fall that much. Soon see.
Be interesting to see how the market values this company after it goes xd on Thursday. Any predictions?
Krusty. I think/hope that 60p is on the pessimistic side. I would hope for at least 75p otherwise fully invested LTHs are royally screwed. Tempted to keep adding around this price
Tyma. Doesn't help that it's such a tiny trust. I tend to hold these type of investments long term so the spread doesn't matter so much
The issue for me is visibility. As a (prospective) buyer of offices I would be seriously concerned about reletting once the lease term expires. Owning empty office space is a killer. Markets are always looking forward-hence the uncertainty and catastrophic effect on the sp.
The wind up could be a slow process but the recently announced NAV held up pretty well. Also get a divi next week so I'm holding on. Too late to sell now I suspect
Rather pointless £2 drop last week
Alessandro. Not unique in that respect. Well managed and one of my larger holdings. A decent hold for a divi that gets nudged upwards regularly.
Hospitals have still got plenty of patients
Barney. Not really. I've traded this twice in my ISA and essentially is a long term high dividend payer. Just bought more and happy to collect 10% until the price goes back over £30. I'm sure it will
What's the exit strategy? On paper it's very cheap and if management decided to liquidate the portfolio it would rocket. As it is i'm rebuying the shares I sold for 17p in the hope of another run. Only forms a very small part of my portfolio with a 2 year view (max) and hoping it will produce results sooner than that.
Good for you. I'm doing the same today. There's clearly scepticism about the sustainability of the divi and asset depreciation
The sp is taking a very pessimistic view of things . Still think it should show a decent return over next 2 years
Bought some more today. It's held up better than my UK trusts over the last 3 years
I've been in here over 10 years. Quick history lesson davey. This was originally Lonzim (the non mining interests of Lonrho including Leopard Rock hotel). Terribly managed and saved from liquidation by SS in 2015. Name changed to Cambria and he bought Leopard Rock from the company from the company soon after. I originally paid about 10p for shares but my average is .55p. I need at least .6p!
Well he used to be a multi millionaire but buying Cambria has cost him a fortune. He's still got Leopard Rock but I suspect that visitors are hard to find and reviews are not good. Needs lots of money spending on it by the sound of it. I think he'll take his time to get decent prices for the various bits of cmb.
Lights off for 6 months again?