Member Info for silverknight

Just topped up. Must be at or near the bottom now

I think that's broadly right . About a third of the portfolio (26pps) looks reasonably secure , another third (watchlist and writedon) likely to be partially recovered and the final third (property backed exposures) at the mercy of the market and could take longer than a 2026 conclusion. Hence current share price

Expect interims very soon and a nudge up on the dividend to 28p?

Looking forward to some clarity here. They know but haven't revealed the new interest rate on the £41 mill loan. Should be announced soon (4.5 to 5%?) As Krusty says even if the divi is reduced by 10 or 15% it's still a decent return and the sp fall seems to be reflecting this in anticipation. Moving toward 'tempting to buy ' territory

TGA down 10% in last couple of weeks but it doesn't have the portfolio bigger than m/c that bisi does. I expect muted results at the end of the month but hopefully a maintained divi

Good to know CP. I'm always looking for geographically and operationally diverse companies/funds particularly with good yields. This fits the bill on all fronts as the 10% yield looks fairly secure for now.

I'm in today. Buys showing as sells here. Should provide a fairly steady 10% return. Not to be sniffed at. Completely overlooked

Dead money barring a lowball bid by the Malaysians (perhaps). Long haul back to profitability and dividends. Covid era buyers at or near the top have been virtually wiped out.

Got my average down to a fraction under NAV. Would settle for an 80p exit with dividends as profit.

Results at end of August last year. Interesting to see what the divi will be.

Aewu is a safer (ungeared) bet despite a rather lower yield. You pays your money........

Hi Krusty. I suspect management will be reluctant to cut the divi (even if it is uncovered for now). They are being coy. We shall see.

Hmm. They don't really have a lot of time unless discussions are well advanced. Could be looking at a doubling of the rate which would hurt . Dividend cover currently 107% which will fall but hopefully next months payment will be held. Can buy at 68p now but I suspect it will get cheaper. Asset sales an option but that could take time. Interesting to see. News soon no doubt.

Elastic spread. The portfolio is actually pretty good quality and Tring was a great addition. Don't know about you Krusty but I also hold AEW and VIP which are similar types of trust. Market nerves might creep in?

Loan currently £41mll at 3.19%. Interesting to see what rate it's renegotiated at.

Debt refinancing in October at a (potentially) higher rate could put a squeeze on the dividend

Under the radar. We are being paid to be patient so I'm happy to wait (and pick up more at the right moment)

Market doesn't like it. Suggests likelihood of further (small) decrease in NAV.

MrT. Got your decimal point wrong. .05= m/c of £8mill (one twentieth of1p). That seems achievable given the momentum in place but this is a notorious banana skin outfit and there is a danger of being spiked.

An opportunity to buy back tendered shares at a big discount to 80.52p. What are the pros and cons? The portfolio of loans should be largely settled in 6 months-but will they? Dividends in the meantime likely to be very small or non existent so the risk is if the NAV shrinks further. Any thoughts?