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Correct. Ungeared and a snip at this price.
A lot of us aleady have
Divi based on previous payouts. Plenty of similar or better NAV discounts out there. I'm holding but not inclined to buy more
I wonder if the big Malaysian shareholder who took up their rights might be mulling a bid? Need to be at least the highest price over the last year so it's cheaper for them to wait a bit.
Has a good long term track record with consistent dividends. Also great potential from as yet undeveloped areas. I'm buying more at these levels
Divi due this month?
Will the accounts be filed by end of month or another suspension?
Guitarsolo. Thank you for your comments. It seems that if the equity element (23%) failed completely (unlikely) then the sp is more than covered by the asset backed loans. OK the wind up process might take 3-5 years but there should be an instalment fairly soon. meantime the divis keep coming in
Krusty. Loans are still assets of the company and if they are short term (and they keep paying the interest crucially) then the process should not be excessively long. We seem to be priced for some defaults . I'm happy to hold as long as the divis keep comng in
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.