Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
We actually received 8p per share from the non refundable deposit from Goldfields SA (Dutch) at a time the sp sat at 30p. It had peaked at 76p. Happy days. I am doubtful that any meaningful benefit will accrue from what's left of the Mankayan interest.
Now priced to fail. Why has the company not presented on Investor Meet Company this year? They're clearly frightened of the questions they'd face. Next 6 months crucial. Pure gambling money at this stage.
It must pay 90% of its net income profits not its net rental income otherwise a loss making reit would soon be insolvent. The market seems to be factoring in a number of insolvencies in the portfolio of tenants so the interims will be interesting in September. A question of how bad?
That's masterful understatement Krusty. I'm down about 45% but reluctant to average as offices are easier than (say) supermarkets to downsize/relocate as times get tougher. I expect the divi to be cut on next declaration.
Interesting to read the accounts last week of VIP reit and their view on the office situation (they don't hold any). I suspect that things could move quite quickly over the next 6 months so will be keeping an eye out for updates.
The market is taking an understandably cautious view here. The main concern (for me) is if the company becomes a forced seller into a market where there are few buyers. On paper the sp looks good value but right now I don't expect it to reset above 50p short term. Hope I'm wrong.
CT. These are very much the issues affecting REITs generally but offices are perceived as the weakest sector. I hold some of these but am more inclined towards SUPR which should be more resilient to current problems and a decent yield.
TT. This is a fine company with an excellent divi track record. I also hold AV and PHNX for regular income in my ISA
Very predictable rns. Sanderson are over a barrel here and the 'buying time' scenario continues. More confetti shares issued creating an ever greater overhang. Any sp advance (??) is likely to be heavily sold into. Also more working capital needed. Where's that coming from?
MrT. The 5 years I mentioned referred to Bird's tenure and not your holding.
I suspect Mankayan has been bottom drawered for now and Bezant has no control over its destiny so can't report anything. The financing issue would seem to be the next hurdle-very soon.
Be fair MrT. You've always been one of Bird's biggest supporters and made excuses for the shambles that has unfolded over the last 5 years.
MrT. Am I missing something? We originally had 100% of Mankayan valued at around $70 million based on Goldfields mooted offer around 2012. We now have 27% of a shell company that may or may not list with Mankayan as its sole asset. Fantastic deal for Bezant (not!!!) All smoke and mirrors from Bird.
M/c still at parity with the other two holdings. Trouble is they keep falling as well
MrT. Mankayan is a huge project. Even if they get finance for it now (very unlikely) we wont get any benefit for years. There's no obligation for an unlisted vehicle to provide updates. Time is the enemy r ight now.
Sadly, AIM is awash with microcap/micropriced corporate garbage (mainly in mining and pharmas). Guys like Bird come in and promise the earth and bleed them dry. Mankayan was worth $90 mill 5 years ago according to him. Feel a bit sorry for Prickly who ( I believe ) has about 30million shares?? Ouch. Companies like this need a speculative frenzy to make people money. That's passed. I suspect there might be some small enterprises looking to pick over the bones as this expires.
Settlement date anybody?
Looking for 5% yield this year and bright prospects. An overlooked gem
Hopefully this is now a base price unless.
1. There is a serious market correction (meltdown) or
2. The dividend is cut. I see that BHP has reduced their dividend and this is a significant holding.
Jittery
Mondex. It's actually 90%of taxable profits (not income) that must be distributed. A whole different ballgame.
MrT. Frankly, it hardly matters if Bird can get more suckers to take another billion (or so) shares to cover the loan repayment. He is on a time buying exercise. Sadly many people seem to confuse low priced shares with cheap shares. This falls into the first bracket. Next two months are critical it would seem.