Member Info for theoldmansdoneit

I agree. Sajy has a history of hinting at rumours and that he has an inside track. He used to do the same with Reneuron. They went into administration last week.

As you say Norfolk, NESF management are issuing lots of positive statements and yet there hasn’t been one director share purchase since June 2023 (at over a quid!). I’d feel a lot more optimistic about my holding here if they put their money where their mouth is!

Apologies, I got that wrong - she didn’t buy 80,000+ shares! She bought 52k shares and sold 31k shares so overall a net increase in her shareholding of c. 19k. Doesn’t make much sense to me as the SP had barely moved.

Nice to see the chair buying over 80,000 shares. She must think that winding up of this trust will realise more per share than the 77 pence she paid.

It’s not the Sweet, it’s Kung Fu Fighting by Carl Douglas.

Oh-ho-ho-ho

Oh-ho-ho-ho

Oh-ho-ho-ho

Oh-ho-ho-ho

Everybody was Kung Fu fighting

Those cats were fast as lightning

In fact, it was a little bit frightening

But they fought with expert timing

The RNS released by EBOX today is very positive and bodes well for ASLI given they are very similar businesses. EBOX currently up about 5%

Thanks for the link which I have read but did not fully understand! The gist appears to be that things are moving in the right direction for battery energy storage operators, I think! Is anyone able to explain the new developments in layman’s terms?

According to this report:

Wind turbines beat production record as Storm Pia descends

August Graham, PA Business Reporter

Thu, 21 December 2023, 3:45 pm GMT·2-min read

The UK’s wind turbines generated a record amount of electricity on Thursday morning, the grid revealed.

Between 8am and 8.30am wind farms across Great Britain generated 21.8 gigawatts of electricity and supplied 56% of all the power that was being used from the grid.

Winds of over 80mph have been battering the UK with weather warnings in place for large parts of the country.

It beats the previous 21.6 GW record which was set in January this year.

National Grid Electricity System Operator (ESO) said that the final figure could still change a little.

https://uk.finance.yahoo.com/news/wind-turbines-beat-production-record-154248274.html?guccounter=1&guce_referrer=aHR0cHM6Ly93d3cuZ29vZ2xlLmNvbS8&guce_referrer_sig=AQAAAEn4BRfxGXCAdheFQjoAYqd-rzqSghi_ewSV_YROz-ZMcJSdT7dc-iYYA8sE_1Kl7p2sOUKXFYYyfh4e05lISWvYQ0-SJ17D3dkVoFx1c54I_GdlyGzjlhUlRl7WUrqjeU4APtVnIpld37R-7KuUJ2l2R2Lk8gM8-6-nc1ij0XK0

Looks like December winds will make up for the November calm. My train to Euston was cancelled today due to the overhead lines being blown down! Hopefully it’s not too windy though as I’ve read that some turbines are shut down once winds reach 50-55 mph.

Hi Sajy,

You used to post some quite bullish messages on this board not so long ago but there's been nothing from you for a while. Have you given up on Rene? In the absence of any RNS update from the company, do you have any thoughts on Rene's prospects?

According to the Sunday Times today, the number of ships getting through the Panama Canal has been restricted recently due to a drought. This has resulted in lots of LNG laden ships heading for Europe instead of the Far East / China. This supply glut in Europe and shortage in China has led to a price difference. One MMBtu of LNG in Europe costs $11.26 compared with $15.46 in Asia. I’m assuming WDS sells lots of LNG in Asia, in which case this should increase their sales revenues.

The uncertainty caused by recent merger talks with Santos might account for the recent SP weakness

https://www.afr.com/rear-window/woodside-and-santos-exploring-merger-20231207-p5eps2

Thanks.

Their refusal to let you buy has done you a favour- the SP is even lower now! As we all know it’s almost impossible to buy at the very bottom but I feel confident that these will look like bargain prices in a few months and we can enjoy a nice yield while we’re waiting.

Hard to believe this can drop much lower so I’ve topped up today. Fingers crossed this is the bottom!

Https://neurosciencenews.com/stem-cells-multiple-sclerosis-25257/#:~:text=What%20is%20this%3F&text=An%20international%20team%20has%20shown,the%20brain%20from%20further%20damage.

I think you’re right. One of those alleged’ sells’ was my purchase of 3,000 shares for the princely sum of £106 ish. I’m desperate to average down or perhaps lose another £106 on top of the thousands already invested!

I feel quite positive about the strategic review.

ADIG have committed to return lots of cash to shareholders.

We are getting a 1.65 special dividend in 3 weeks (it's already gone ex-div)

They are talking about buying some shares back from us at a 15% discount to NAV (rather than the 30+% discount that actually exists)

They may well pay out further special dividends.

This is all on top of our regular quarterly dividends (currently 1.42 pence) which, given an SP of 75 pence, equates to a yield of just over 7.5%.

I'm happy to remain invested but then I'm investing for a secure income, not growth.

It is reassuring to see a couple of directors have bought recently:

23-Oct-23 19-Oct-23 Buy Andrew Didham 62.70 GBX 15,949 132,896

23-Oct-23 19-Oct-23 Buy Andrew Didham 62.70 GBX 23,923 132,896

09-Oct-23 06-Oct-23 Buy Alex Yew 65.62 GBX 20,000

I’m still holding and every day recently I’ve thought, surely this share price can’t go any lower, but every next day it does!

I keep thinking about topping up and averaging down but since I can’t see any Director purchase since March, I think if they’re not prepared to invest at these low prices, then why should I? Do they know something we don’t?!

The last 4 quarterly NAV updates were:

28 July

27 April

27 January

20 October 2022

If they are consistent, then we should get the next NAV update in the next week or so.