Member Info for theoldmansdoneit

And some chunky buys from Directors also suggest that the future is bright!

Anyone know why the big drop today? There’s no sign of an RNS. Tempting to pick up a few more shares at this price

I think you’re right NasCan. Another investment trust in a similar position i.e. winding up, is ADIG where the discount is even bigger. Even allowing for some generous admin costs, it seems like a nailed on profit IF one can be patient as the winding up will take a few years,

Https://stocks.apple.com/AJ2tasXY0RmekIuz4Uy75XQ

Sounds quite promising for WDS

I've already dipped a toe or two but today dipped the rest of my foot! According to dividendmax, "The next Sequoia Economic Infrastructure Income Fund Limited dividend is expected to go ex in 17 days and to be paid in 2 months." Hopefully that will generate an improvement in the SP, although not too bothered about that provided they maintain the generous yield which is showing as 8.7% today.

Hi Guys,

I got a very quick response from Futura which said:

"This was brought to our attention late yesterday and there seems to be an IT issue at Amazon with their search bar process as it is still available and through this below link you can access it for the UK, and I have one for France also if you’d prefer.

https://www.amazon.co.uk/stores/Eroxon/page/7AD86333-D114-47E0-B984-483EAA3D0A11?ref_=ast_bln

Equally, if you search ‘Buy Eroxon on-line’ you’ll see a choice of e-retailers including Boots.com that are selling it.

Hope this helps."

I've just emailed Futura as follows:

"I just want to make you aware that when I go onto Amazon to order Eroxon the product cannot be found. There is an Erexon product but no Eroxon. Please can you advise when it will be available as I’d prefer to buy online."

I'll let you know what response I get, if any.

Sorry, I thought that you were talking about NESF. My bad. Hopefully no such reduction here!

How do you reckon that the interim dividend is half last year's?

According to dividendmax.com, the recent dividends have only increased.

Declared Quarterly 19 Jun 2024 14 Nov 2024 30 Dec 2024 GBP 2.11p

Declared Quarterly 19 Jun 2024 15 Aug 2024 30 Sep 2024 GBP 2.1p

Paid Quarterly 19 Jun 2023 23 May 2024 28 Jun 2024 GBP 2.09p

Paid Quarterly 19 Jun 2023 15 Feb 2024 28 Mar 2024 GBP 2.09p

Paid Quarterly 19 Jun 2023 16 Nov 2023 29 Dec 2023 GBP 2.09p

Paid Quarterly 19 Jun 2023 17 Aug 2023 29 Sep 2023 GBP 2.08p

Paid Quarterly 27 Jun 2022 18 May 2023 30 Jun 2023 GBP 1.88p

Paid Quarterly 27 Jun 2022 16 Feb 2023 31 Mar 2023 GBP 1.88p

Surfie,

What makes you think that the US marketing is not in place? Even if it weren’t, then that complaint should be aimed at Haleon, but I’m sure that a company as experienced as that will have everything lined up. I’d have thought it would be pointless to have a big marketing splash now in any case. Surely that will happen in October when the product is available to buy.

It’s a report of the Liberum guy, Seb Jantet, reiterating his 131p target on the basis of launch plans and market share projections.

Hope this link works

https://citywire.com/funds-insider/news/expert-view-hargreaves-trainline-spectris-berkeley-and-futura-medical/a2444976?page=5

The RNS on 17 June stated

“ abrdn Diversified Income and Growth plc (the "Company") is pleased to announce further details of its proposals to return approximately £115 million in aggregate (representing approximately 38 pence per Ordinary Share) to Shareholders by way of an Initial Return of Capital pursuant to a bonus issue”

Given an SP around 82p and a NAV around 107, that’s a 23% discount currently. After they’ve returned the 38p, if the SP and NAV both reduce by 38 then they’ll be 44 and 69 respectively which would mean a discount of 36%.

I think and hope that the discount would revert to closer to 23% which would mean, if my maths is correct, an SP around 53.

What do others think? Have I been too simplistic or am I staring at a bargain?!

Chris Tovey mentioned that they had spoken again to prospective partners, so some kind of deal may emerge, particularly given yesterday's good news from the MHRA and the projected £25 million to complete the trials which would be small change to a large pharma.

I tend to agree with your analysis BUT… what is putting me off adding to my existing holding is that there have been no director purchases for the last 12 months. If this really is such a screaming buy, why aren’t they buying?!

I find it hard to understand criticism of Futura management for signing up Haleon for distribution & marketing in the USA on the basis that it’s taking too long. Personally I’m thrilled that we have a serious blue chip company with deep pockets, loads of experience and a fantastic network like Haleon batting for us. If they take their time to get it right, that’s fine by me.

Nice to see Ian Cowie reporting in yesterday’s Sunday Times that he’s bought back into WDS. He gets more stock picks right than he gets wrong.

Decent trading update from Harmony Energy (HEIT) today which should read across well for NESF.

I agree, there looks like a guaranteed profit here, barring a complete meltdown, if the NAV is anywhere close to the truth.

According to today’s RNS, AVI (Asset Value Investors) have just bought 6% of ASLI. A great and reassuring vote of confidence from investors who know their onions!