Member Info for silverknight

Excellent defensive punt at the moment

Imagine you invest £10k here on a 5 year timeline and never check the sp in all that time. You just collect your 8% divi on a quarterly basis. If the sp is plus or minus 10% at the end i imagine you're pretty happy? Ho many people do that?

I seriously doubt if CB spent 100% of his time on this company that it'd make any difference at all.

Interesting bit of investing psychology here. Some investors would obviously prefer a share whose price dropped 20% but paid a 10% divi to one that dropped 10% but paid no divi at all.

zac. I hold these in my ISA . Don't expect much capital appreciation in 2023 but prefer exposure to Europe rather than UK. You know what income you're getting for the next 12 months.

JD. The IC likes this company but its sector is rather out of favour at the moment. As a counter intuitive bet I think it's worth a punt based on its track record

Hmm. They make the right noises and Liberum like them but the sp and yield suggest great scepticism going into a recession. Let's see what 2023 brings.

Fortunately the CEO doesn't take a salary and it's not loss making (very positive). I think it's at roughly 50% discount to NAV but that is only on paper. Plenty of less risky plays on big discounts. I've held these a long time so I hope it does come good. The property disposal would be a big catalyst to making it happen. Yes, I recently cashed out of mafl at 100%+ gain. Still think it's got potential to go further.

Sadly the two gentlemen(?) you refer to seem incapable of putting forward a rational argument-especially Snoop. Some of these posters are quite worrying.

Toffeeman. Back to school for arithmetic lesson. 500,000 shares at .4p =£2000.
davey. I wish the price was going up "all the time" but it wont break the .5p barrier.
We haven't even had confirmation of the Radar sale yet-let alone the property disposals.
The Zimbabwe factor is keeping this in check

MrT. I suspect I go back much further than you with this company. 10 years ago it looked like a largely derisked entity with a 10% non refundable deposit paid for a prospective purchase of Mankayan at $70million. Shareholders were returned 8p per share which we thought cemented the deal or at least the intrinsic value of Mankayan. This has turned into a minority stake sideshow. £300k is chump change in the mining world and Hope was only a cheap bolt-on acquisition in the first place. The sp only reflects the market view of bzt (and many others in similar situations). Obviously people with large holdings will/must be optimistic but you can only forecast positive news for so long before credibility evaporates completely. A prosperous Christmas to all investors in this and other shares.

Fine as long as tenants don't default or go bust. If a 10% yield was nailed down the sp wouldn't be sitting at this level.

I've got a belated acknowledgement. They will be in touch. Hopefully.

Trouble is you'd need to have millions of them to make it worthwhile

Mining companies float on the stock market with a standard agenda.
1. Raise capital by the issue of shares
2. Commence exploration.
3. Begin production.
4. Achieve profitability.
5. Pay dividends to recompense investors.
Sadly there is a long list of companies on AIM (where small pharmas are also guilty parties) that get no further than stage 1. Stage 1 is then repeated (sometimes more than once). I call them the Walking Dead. This is one of them.
Optimistic comments and time frames are posted repeatedly while the share price goes ever lower.
Bzt will need more finance in 2023 against a recession ravaged scenario. Will be interesting to see how (or if ) it is achieved.

seems unlikely that the directors would keep buying if there was imminent trouble? Famous last words

Yes I emailed without response too. Somebody must know what's happening. What happens to this mighty yield going forward?

Guitarsolo. I am rather sceptical about NAV when it comes to offices. They can quickly become a liability in a severe downturn-even if there is the possibility of conversion to residential. At least the tenants seem to be reasonably high quality. The high yield does mitigate the risk to some extent. A buy for the brave now.

New lease in Birmingham supports the investment case. Sp is discounting some very bad news. I'm sitting on a loss here but going to have a small top up as the divi should (hopefully) be sustainable

I emailed the CEO a couple of weeks ago without reply. Bad form. The trading statement suggested that EBITDA would be "slightly" below market expectations for the full year. How "slightly" is to be seen but the sp reaction is much more than a slight fall. Assuming no further serious deterioration then surely this company is worth more than £5mill. Could do with more contract wins to bolster confidence