Member Info for TerryM1

Https://www.londonstockexchange.com/news-article/LMP/trading-update-ahead-of-full-year-results/17549005

Looks good but would have liked to see a NAV update.

Https://www.londonstockexchange.com/news-article/GRIO/unaudited-portfolio-valuation-as-at-31-march-2026/17547121

Ground Rents Income Fund plc announces that Savills Advisory Services Limited ('Savills') has provided an unaudited independent valuation of the Company's portfolio as at 31 March 2026 of £29.5 million. This represents a like-for-like reduction over the six-month period (net of disposals) of £21.6 million or 42.3% (30 September 2025: £56.2 million or £51.1 million on a like-for-like basis).

Was looking to buy some of these before the Leasehold Reform Bill but got lucky and did not. Think this will not end well for everyone including the lease holders.

Https://www.londonstockexchange.com/news-article/ABDX/emi-share-option-scheme/17547113

Potentially more share dilution for long suffering shareholders. wonder how many the BOD get for losing shareholders so much money.

The issue is that every fund raise brings down the SP and dilutes current shareholders, so far all who taken part in any of the fund raises has lost money, we can hope that if there is another there is a different result but I need more than hope if I am going to give them more of my hard earned cash.

I also hold these with IWEB but they do not allow participation in these retail offers now, will be moving my shares from them soon.

II are taking applications for this now, closing time 10:59 15/4/26.

Https://www.proactiveinvestors.co.uk/companies/news/1090489/intertek-surges-to-top-of-ftse-100-on-plan-to-split-business-in-two-1090489.html

I have been buying some more but did not hit the low point as some others did, at this point looks like a gamble but hopefully should pay off if you can afford to wait, also SP is down partly due to the war like many other shares, perhaps good timing for topping up, we will see.

"sales of an asset may not generate cash to return to SH at first it may go to pay down debt thus losing the income return from the asset which may affect dividends."

The interest cost of the debt will reduce with any pay downs so the effect on dividends will be just the difference in cash generated by the asset and the interest costs unless they decide to use generated income for debt reduction. The terms of the debt and interest rate will determine how much of the sales are used to repay debt, I would expect most if not all of the first set of sales to repay debt.

Given market reaction this does not look good but could be part due to so many good opportunities elsewhere due to the war.

For those with short memories without Trump DEC will have ARO issues bringing down the SP, there will be a ban on new LNG facilities so HH would not only be lower now but also futures would be significantly lower as more LNP will be exported due the removal of the ban which has lead to construction of LNG facilities which will come into operation once completed which takes some time as these are large projects, also other moves to encourage O&G, drill baby drill. This can be seen from the Trump bounce in the DEC SP.

Worya

I am also looking at airlines after I sold most of my holding in IAG just before the war (was just a quick trade), the pros are SP lower than before and I really like how IAG has managed to clear most of it's debt since end of lockdown, the cons are people and businesses spending power is down and jet fuel is up and will probably take a time to go back to it's old level if at all. If war starts again UK could run out of jet fuel.

Was getting ready to trade out my O&G stocks and go into Financials, airlines and some others (for a short time) but missed the boat for now so will hold back to see what the next few weeks bring. Also looking at rare earth mineral refining.

Anyway virtually all my stocks still showing good profit except for DEC which is breaking even and in profit if you count my trading.

Worya

Well done for owning up, a lot of people post their trades on here a time after they happened and only when they have made the right move, can see the point, totally meaningless.

At least you are in profit, some you win some you lose but the main thing is have you made money (not easy with DEC) and no one goes hungry making a profit. If there was not a ceasefire you could be looking at decent gain so this makes this very difficult to call, anyway in 2 weeks time it could all change. One thing that is almost certain there will be a lot of volatility.

Https://www.lse.co.uk/news/israel-halt-order-threatens-energeans-1-billion-gas-expansion-timeline-tju2e4j50f90syc.html

While Egypt is central to Energean’s growth, it has presented payment challenges.

Outstanding receivables ‌peaked at $250 million, but Cairo recently paid $80 million.

"In tough times, you stick with your partners," Rigas said, urging policymakers to ensure consistent payment schedules. "Pay, baby, pay. That's all."

So when dealing with Egypt "Pay, baby, pay" follows ""Drill, baby, Drill"

Has anyone got their B shares payment, I am with HL and nothing yet so phoned them, they said they have got the money and will be in the account at end of business today, almost a week late.

Very poor service for increased charges.

Https://www.londonstockexchange.com/news-article/PAY/holding-s-in-shares/17531224

Asteriscos Patrimonial SLU increased holding from 32.0035% to 33.107228%

Https://finance.yahoo.com/news/oil-prices-have-ripped-higher-yet-investors-keep-making-this-mistake-with-energy-stocks-115015019.html

Worth a read

A return of capital will be either a capital loss, capital neutral (unlikely) or capital gain, so capital gain/loss will be used in your capital gains/losses for the year so may may be taxed or reduce tax for this year or carried forward to subsequent years if overall you have a capital loss for the year.

Drewton

My dividends were paid on 26th in II and HL.

MrG123

"we don't want GreyGeorge coming back and telling us all we are idiots"

Being called an idiot by GG is a badge of honour.

Trek

Well done great timing also MrG123 and others who took profit in the $18s.