Member Info for Temple_of_Doom

Sellers aside .... plenty of ways to get around short notifications ... that take little imagination. 30 million dump ... on May13th ... see the last 3 days.

Exceptions to every rule ... I've seen a few shorted stocks rally through ex dividend days .. not common admittedly ... but nice when it happens.

10 million traded .... and up. Shorts closing by the looks.

Seems like I missed the dividend declaration ... bought back some. GLA.

"I hope the NESF board have not turned down an offer on these terms for selfish reasons." C'mon ..... what other reason exists?

"ToD, you might be buying back those 47p shares at 48p." I may indeed be buying back at 49p or even 50p .... but at the moment including fees it's closer to 45p .... fingers on buzzers. I don't get spooked by on-line comments ... but I do filter people with nothing of value to add.

85p buy out works for me. :)

News always leaks out before Retail Investors get confirmation. For once I reduced from 47p looking to buy back cheaper - so have cash on the sidelines waiting - we will see.

.... the old Numis looking for retail investors to buy out their short positions no doubt. Crooks in my humble opinion.

"SEEIT's active management of the assets in its portfolio has delivered substantial income to the Company, in line with previous years. This stable performance ensures that we can cover the target dividend of 6.32p which represents a double-digit yield for investors at the current share price."

As far as I can see, projected dividend increases going forwards rely upon debt amortization of the company feeding through. The company needs to reduce its RCF and is looking to do so by selling a stake or the whole of Onxy. Li Cycle in Red Rochester for which investment was made remains on the shelf, while Zood is late with accounts this year and looking in poor shape ... post Trump and not surprising given the resistance to EV expansion - although UK remains on track albeit shakey.

There are, therefore, red flags while major holders have been selling for quite some time. Much depends upon the sale value of Onyx ... if that sale matches current NAV at least plus costs .... and it should do, because of IRA tax credits due - then a re-rate more than likely.

The SEIT assets appear steady and boring - not a bad thing, but there exist risks and that cannot be denied.

Worst case going forward ... dividend cut ... as things stand IMO - but we must wait.

The sector itself has taken another hit this past week - difficult.

Recycling debt in the way suggested is what I understand TRIG are doing having issued a lot of equity around the 120p mark. Whilst your post makes sense and is rational - in practice much will depend upon banking covenants with the RCF etc. I would think. We know that major holders are reducing positions with a lot of equity to go. They are doing so for a reason. Hedge funds will also know that positions are being reduced and happy to force the reducers to accept lower prices by piling in.

Going forwards, numbers count - as always.

The key going forward is how SEIT deals with Onyx in reducing the RCF - full or partial sale, that itself will depend upon credits from the IRA. UU solar was sold 5% above NAV at the time last year but booking a small loss overall presumably from FX movements mainly in the £/$. Future divdend growth projected by the company looks to me as though it is based upon reductions in amortizing debt ... that is not necessarily a problem given the current attractive yield .. but there is no question that Li Cycle that led to investment in Red Rochester is a blip in projected revenues going forward.

RNS on reduced holdings to be announced soon no doubt - maybe later today.

Big trades can be delayed .... but looking at the sector today ... someone is putting down shorts.

Indeed .... I'm now rid of those bought below 202 .... in a Trump market wise to take profits when they are offered. GLA.

Targets are one thing … hitting the target another … a lot of trusts are looking to sell and reduce debt so I imagine a squeeze and shortage of buyers … revising down assets doesn’t look great … but 100p NAV … take off 10% for agents sale fees gives 90p … 9.8% divi is short of others in the sector.

I’ve taken profits off GSF and added here today … but the position is lighter than this time last year that speaks for itself.

The RCF is down considerably.

Possibly a fat finger error yesterday causing the spike ….

"National Grid Electricity System Operator (NESO) has published its 2025 Summer Outlook, anticipating record-low electricity demand on Great Britain’s transmission network—potentially falling below 13.4GW."

I'm reading the report now ... not sure if "low demand" means "supply exceeds demand" and seems counterintuitive but worth a read.