Member Info for TerryM1

Like you notrex I am generally not a fan of BBs as these tend mostly tend to favour the BOD by increasing earning per share which BOD use to give themselves bonuses but BB are at the expense of the balance sheet.

However the cases when it is good are

1. Well below NAV

2. Significant saving on dividends against cost of BB

3. For out of favour companies like Oil and Gas to compensate for ESG sell off

4. Burn shorters

There is one more reason for DEC is that they promised BBs and gave the impression these will be significant so if this does not happen it will be another lie and not good for the SP.

The daily size of the BBs is less than a number of my purchases (what a mistake) so at present too low to have a significant effect.

Some people say they do not work but if you look at the days when a decent BBs have been made the SP usually rises against other days where it falls.

Https://www.londonstockexchange.com/news-article/SHED/q4-performance-update/16426443

Looks good to me, hopefully this will start to show in the SP.

"I understand yah pain and grievances, has anybody vote against Rusty being made? CEO? Did anybody voted against the dividend cut?"

I voted against everything except the ones like keep the auditors and others not associated with directors or dividend cut.

"Write to or send email to DEC BoD of your concerns"

Already have and got ignored until I sent a few reminder emails and then got a standard useless response.

"There are probably people on here buying more than Peel bloody Hunt "

There are probably many people selling more than Peel Hunt and add in the extra shorts.

As I have said many times to stop this SP decline you have to burn the shorters, this company is in play, I recommend a flame thrower not a candle approach. As for the excuses they did not have enough money they seem to have found it to buy more wells, not a great move when you can BB your own wells a lot cheaper than the new ones. Trusty Rusty has only one aim which is to grow the company at all costs especially to existing shareholders.

"He's not the Messiah, he's a very naughty boy"

But he is now our best hope to get out of this mess, so far I am pleased with his approach and a breath of fresh air after JL sell everything, lie and put your head in the sand strategy . The main issue for me is will the workers understand this is our last chance and accept the changes.

AT this rate the BB will not even cover the extra shares Rusty and others have given themselves.

Also

https://www.ftadviser.com/investments/2024/04/15/reit-faces-uncertain-future-as-it-kickstarts-review/

Balanced Commercial Property Trust commences strategic review due to 'material' discount

https://www.investmentweek.co.uk/news/4197134/balanced-commercial-property-trust-commences-strategic-review-material-discount

Https://www.-d-i-r-e-c-t-o-r-s-t-a-l-k-i-n-t-e-r-v-i-e-w-s.c-o-m/diversified-energy-company-receives-positive-model-update-by-peel-hunt-video/4121151530

I will try again as you know remove the -s

https://www.***************************/diversified-energy-company-receives-positive-model-update-by-peel-hunt-video/4121151530

looks like peel hunt are getting active.

Surprisingly shorts have hardly changed, if SP keeps recovering I would expect these to reduce if not close pushing up the SP, hopefully something to look forward to, we need it.

Numerco up a little 8850/9000

This latest Jefferies report makes no sense, why just SUPR and not other REITS, why now when it was recommending SUPR just a few weeks ago and nothing has changed.

IMO we are now in a transition phase for inflation and Interest Rates which will eventually be good for SUPR but it is not a good situation at present as Inflation is below Interest Rates as this will restrict inflation based rent reviews while still paying more on interest rates but probably not that significant as most of the loans are fixed.

Would add more but already have quite a lot as it is my second biggest holding and don't like adding on a day the general market is up. Also looking more toward REIT special situation like ASLI and API as both may well be liquidated.

All that said good day to buy your own shares and save future dividend payments.

I just hope that the Central Banks do not keep pushing back the interest rate cuts. IMO it will all rest on the FED as the BOE will just follow.

As can be seen on the ADVFN board this is most like to Jefferies downgrade.

Thanks to chucko1

Jefferies has moved (actually - REVERTED BACK) from an NAV model to a DCF model. This has caused a drop from 90p to 60p. They stated that the V (in NAV) was relevant in 2022/23 owing to the plunge in (V)aluations etc.

God only knows what discount rate they elected to use, but a change can cause any valuation change you care to mention. A TP of 60p, as previously mentioned, results in a yield of 10%+ - but TSCO33 bonds yield 5.2%. Figure that one out. Also, 850bps over linkers???

All the is relevant is the usefulness of the yield - even the current 8% is stated (by Atrato) to result in a 12% IRR (long run). So, if like me, you own this for the long run, one could only logically buy more this morning.

So it's not ASDA, it's not the movement in rates (per se), it's not leverage, it's not a profits warning, it's not something corporate - it's a change in methodology. I wonder how much that change will effect the future cashflows??!!

We are truly blessed on this board, we have GG popping up when the SP falls or some bad news and skier1 nonstop ramping where the SP is rising or some good news.

Is skier1 GGs alter ego, would explain why we only see one of them at a time. Best if these 2 start a separate board and then they can argue with each other and leave the rest of us alone.

"I never thought that data centres driving AI would need 3 x the energy growth!"

That is what is being said and even is being looked at in adding to the price of Uranium and other Nuclear industry investments.

I would also like to add what has really p1ssed me off is that this complete change of strategy was not put to a vote along with Rustys and others free shares for abysmal performance, just dumped on us long suffering shareholders.

Trisor, Savage_KeyboardR

Totally Agree, how does it help to open a green office in a part of the world which is in crisis suffering political uncertainty.

https://www.bloomberg.com/opinion/articles/2024-02-06/south-africa-election-means-more-uncertainty-as-anc-falls

VistaMan

I am negative because I bought into Rustys promises on the dividends and add in the promises on the BBs and I can only say I have been well and truly lied to and now in an investment which is not what I expected if Rusty had told the truth.

So it bounced back a bit, if it gets to £16 I will still be in losses but can say the new strategy looks like it is working.

IMO it makes no sense buying more wells at a much higher price than you can buy wells by buying your own shares. If these funds has been used for BBs and the dividend not destroyed I believe the SP would be a lot higher, now it is waiting game perhaps it all changes if Trump get elected, who knows.

It should be noted the SP was rising at a decent pace from it lows before the dividend announcement and then fell for a time once this was announced, other gas companies cutting back and HH has been rising recently as the effect of el nino is gone, neither of which is down to Rusty or his new policies. So IMO the recent rise is not because of the dividend drop but down to other factors.

Trisor, also GDP figures as these are being held up because of the increase in the UK population but GDP per head is going down. Bit like CPI in the past, it can raise its turnover by loss making contracts but the only thing that counts are profits.