Member Info for Therosy1

Something very odd going on.

Some large, what appear to be selling trades, going on yesterday but only just appearing here. Not all are replicated on the London Stock Exchange website.

And at 14:48 yesterday, there is a trade, another apparent sell, shown on London Stock Exchange but not on the site here with 26,253,127 traded at 45p when the trades around that time were going at 46.85 to 47.00.

Is someone offloading?

Offgrid, with all due respect, resources are freely available on the WWW. One should be able to research this information rather than rely on what could be misleading opinions from your fellow investors.

Listen carefully - I will say this only once.

The September 2024 half-yearly report shows dividends paid for the period of £34.1 million and "Total comprehensive income for the period" of £35.1 million.

But as with all accounting reports, there is more to those figures than the simple maths of deducting one from the other and arriving at the conclusion that the dividend is covered.

Personally, I tend to research a company for reasons to invest BEFORE laying down my cash. Each to their own I guess.

DYOR and GLA

Instead of looking at "Trust Info Overview", look at the tab "At a glance". You will see the figure I used there.

My HL figure is still the same at 278.28 million.

Your 382 million includes Treasury Shares, which do not participate in dividends or the B Share scheme.

"Only" 278.28 million shares according to the Annual Report.

Morning all!

Great news with the latest return of capital announcement today.

With £43 million being released, that, by my calculation, will mean a return of just under 15.5p per share to existing shareholders.

£43 million while the value of the Company was only £78 million before the announcement.

Future dividends will be reduced, as expected.

The sun is shining - VSL have released a positive RNS - peace is in the air!

ToD, can you please explain that term, "profits"? :-))

Https://www.graviscapital.com/our-products/gcp-infra/fund-info

181% returned ti Investors since inception.

So, if one invested £100 at the start and held throughout, one would have received £181 in dividends and still have an investment with about £100 nav.

I don't know what inflationary environment Silverblade lives in but I consider that to be a decent return.

Silverblade, should we complain when the Board and Investment Manager have delivered The Strategy as clearly stated on their website?

" The Company objective is to:

"provide shareholders with regular, sustained, long term dividends,

"and to preserve the capital value of its investment assets over the long term"

GABI had a good plan that is still in operation. I got out at a decent profit after their first compulsory purchase. Their method involves compulsory purchase of a set percentage of all shareholders at a price just short of NAV. Shares trade at about 10% discount to NAV and they have maintained their full dividend for remaining shares.

I only got out because there was going to be a delay before seeing any material profit compared to what was available elsewhere.

But a lesson that VSL should have learned from.

It's in!

And what a thoroughly depressing read it is.

How the Investment Manager can say that they are focused on risk management and then tell us how they are converting asset backed debt into equity (paying nothing) and then writing down the value of the equity, sometimes to ZERO, beggars belief.

Oh, and by the way, our dividends are being cut but with no indication of what they expect to be paying.

Thankfully, at my suggestion to Gordon Watson, the Chairman no longer "is pleased to report". That really got to me!

Rant over for the day. I am still holding for the long term just because I don't want to realise my 65% or so capital losses (before dividends received but after B share receipt).

GLA - we are going to need it.

Isn't a "factsheet" by definition a statement of fact and not a positive spin on things? Compiled by independent valuers?

...is out.

It all sounds reasonably positive without updating financials or expanding on ITC.

Market seems unmoved by it all.

GLA

Krusty, I was verbally told before the first payment that the plan was to borrow in order to make the first B Share payment a decent size. I was lied to!

Since the first payment, the official narrative has been that the gearing would be eliminated before any further payments were made. Now that the aim has been achieved, we shall see what nonsense comes out next.

...should be coming out any day now.

It will be interesting to read the latest set of fabrications and excuses for poor performance.

The gearing facility has been paid off, so at least what is left is ours - until that is written down further or supposedly "asset backed" lending is swapped for worthless equity.

No, I am not a fan but holding on in the forlorn hope that something more than selling now will materialise in the years to come.

GLA

Psst! Don't tell jrise that the GSF dividend is only 7p and not 7.5p this year.

Or that banking call options while still retaining ownership of the underlying stock helps our income.

If the Share price falls, the premium is pure profit. If the share price goes above the strike price, the alternatives are to exit the option at a possible loss while taking the uplift in the price. Either way is positive for NAV.

All IMHO. DYOR etc

I think you will find that it is the correct board.

ToD is referring to the difference between the NAV reported today that is including current year income of 197p and the ex-income figure reported of 189.4p Difference 7.6p.

6.2p dividend to be paid as you state is covered by the income generated and 1.4p surplus.

@Damienmoore, you obviously don't believe the narrative about the timing of dividend receipts being delayed until the second half?

I disagree with you about option income. The great Warren Buffett uses option selling as part of his investment strategy. It was when reading his biography some years ago that I read how profitable it could be. I made some decent money from both naked and covered option selling before settling into investing for dividends when I retired.

I can understand why HFEL would want to enhance income when they own a company that they don't want to sell but realise that there might be volatility in the future. Selling call options at a high enough strike price will normally ensure they are not called and the whole income can be banked as profit. If it goes the other way, it is a simple matter to exit the position, even at a loss. I am sure if I, as a complete novice, could make money at it, the professional Investment Managers looking after our investments can navigate a profit for us. The fact that they use options to boost income was one of the factors that made me invest in the first place.

Selling BSIF for a small profit, I exchanged a prospective dividend based on my original investment of about 8.5% to a prospective 12% in HFEL. I am not prone to "trading" my investments but I do like to rotate realised profits into higher yielding stocks. Once invested, the share price becomes largely irrelevant as long as the dividends keep coming and, in the case of HFEL, increasing year on year.

GLA and DYOR