RE: Gas price2 Nov 2023 16:45
TheTrotsky
“Terry, "Don’t be disingenuous". Check out BGLF, FAIR, TORO, HFEL & VSL. The only reason RGL is so much lower is because it reduced its dividend in mid-September. Allowing for the general demise in the market since the dividend cut, its yield would probably be closer to c20% without the cut."
Wow you have been busy searching in the dark recesses of the funds cupboard anything to prove your point, don’t you have anything else to do. Perhaps keep it to the FTSE 350 where DEC is listed and there is liquidity.
RGL had to drop it’s dividend as it does not have the funds also being a REIT it has to pay out at least 90% of profits as dividends so not squirrel away somewhere, past yields are MEANINGLESS, whatever you do not base your investment strategy on past yields.
I am only familiar with VSL, yield 11.73%, it is being wound up due to shareholders fed up with low SP, will be taken private at some point before everything distributed, considered investing but don’t want to be lock in for a number of years before I get my money back, although should give good returns for anyone will lock there money up for a time.
From what I can see and not prepared to spend much time on it the rest are funds only, FAIR is above the 15% and that is a $ fund with a small market cap. BGLF Yield of 14% but cover-1.98.
“DEC could always cut its dividend if that would suit you better!”
Don’t be silly the SP would tank, it needs support not having the rug pull from under it, I want to see a reduced yield because the SP goes up.
From you other points
BOE base rate steady for a few months and unlikely to rise in the current cycle, probably looking at a reduction as the next move but not for a time which is why markets are flying for high yielding shares today especially for ones with borrowing.
Not sure DEC yield can be compared to Treasury Bonds as these are at around a quarter of DECs yield.
This or that may have brought the DEC SP down, I say ESG you say tomato, it is not what brought it down that concerns me it is the lack of support from BBs which are accretive even borrowing the funds whose costs are likely to reduce in the medium term.
My ESG theory is based on the fact a lot of O&G companies have been buying back huge amounts of their shares (they saw this coming), also from shareholder meetings, statements released, change in ESG policies in funds/union pension funds etc and general political policies.
“Whilst we’re on your reality check, your analogy of a burnt down house is ludicrous.”
Why, if my house burnt down I will get more than half my money back in selling the plot (which is more than could have be said for some poor DEC shareholders who bought at the peak) and if I wait long enough I might even make a profit, bit like you with the way you value your DEC shares, SP burnt but you only lose if you sell, ludicrous. I always use MTM.
Anyway some great progress today and hopefully we w
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