Member Info for TrekMadone

Such low liquidity here it could go to 6p on 20k of buys!

That’s why I posted that I wasn’t worried when the price was 2.8p.

Anyways counting down now to the prospectus!

Usual caveats

Trek

Update - Oakbloke - https://theoakbloke.substack.com/p/dec-2024-results

He also comments on SEIT on his homepage.

PANR - k rate as a risky buy could go very well from here. I don’t hold but looked at it.

Shorts - they have been for the most part burnt! Not been a squeeze as such though as it’s been a gradual exit probably hidden in the 40% rise.

Usual caveats

Trek

Echo Terry,

Some he hasn’t mentioned in renewables are UKW - increases divi with RPI every year!

Also NESF, 100% UK solar

FSFL - 75% UK, 25% Spain & Oz high yield solar (good ceo)

FGEN uk but more diverse BESS as well

SEiT 67% US but doesn’t get subsidies (Trump) - focus is on energy efficiency

Some of the others he mentions I also hold.

My pf is structure to pay an income each month. Then on top of that I have a few moonshots that I like to play and dream along with! lol!

I built my income pf from a low capital base stumbling on multi-baggers and trading them.

Now I focus more on pure income having got away with some high risk investments. Quit while one is ahead! Now I only put a smaller amount in minnows and slice along the way where I can.

Mind you HEX was outstanding from 10p to mid twenties! I still have profit in that one and would add more again now funds permitting.

Two other outstanding opportunities are PXEN - 11 drills due over 18 months! And SVML, outstanding PFS and should be a takeover target soon. RIO in for 19%!

I have others like TXP so undervalued but awaiting an RBL atm I fact that one to crawl back to 100p with good news but equally sht news and it could go to 15p! See what I mean!

MFAI which I trade the spikes. I won’t necessarily tip that but it could come good

AMRQ, Greenland metals Inc gold which is also a good trading play.

SNX a top Asian tech play that will run again soon

And LEX on my radar to buy back in once they get a placing away - that’s my view not the companies! I calc they are dry on cash so sold.

PXC an absolutely wreckless bet… I have traded it well and have a 100k shares at 4.2p banking on funding. If it comes could go +10p if not it could delist! But if it comes off I will sell and split between income and the next ‘best think’!

They are just some of the fun plays.

A tip if you are buying trusts. Get a feel for the sp behaviour. Keep some cash back and always work the average.

I bought NESF too high but used my ‘rescue pot’ to trade below my buy in throwing off cash on the technical rise and thereby lowering my average. I am now within a Penny of the sp!

I did the same here and posted as such to help fellow PI’s. I sold DEC and bought the same shares back cheaper several times then added the cash in near the bottom. No idea how many trades here but a heck of a lot!

Gotta look after capital and if it don’t look good just bail! But I appreciate its time consuming.

Good luck,

Usual caveats

Trek

I hold but these companies aren’t taken seriously until they sell an asset or part of one.

Their website has been saying “ We expect to generate cash returns from the sale of portfolio companies in the short to medium term” for what’s like an eternity!

Short term I’d say 6 months - year…..medium term 1-2 years max.

Both timelines are exceeded.

Problem is the longer they leave it the more need to raise cash as there is no income from the investments.

Small cap managers like the jam tomorrow ride coz they get paid well!

It’s all well and good pointing out the nav discounts but that only counts when you sell.

If I want nav discounts and a 12% yield there plenty in the renewables sector indeed I have bought heavily there expecting a turnaround!

But these guys need to realise some profit and give shareholders the carrot they promised. That doesn’t mean a wholesale sell off just a top slice so the market can believe the hype! A 1million sale should be very easy and a special divi, not a sale and reinvestment!

Usual caveats

Trek

There’s sommat brewin here… up from sub 190 not so long ago and buyers still paying +214.

I think there were takeover rumours this time last year.

Perhaps a few insti’s have wind of something and are building a position. Logically we should have hit profit taking at some point but it just keeps getting bought!

Usual caveats

Trek

Well played Barnsley! Both gonna be big winners! Imo!

Trek

Don’t rule out HEX buying MDH, they said looking for acquisition. Would constitute a RTO but what a combo that would be with Bo and MDH’s contracts and equipment!

Would hit Nick’s air miles though!

I am getting silly now! lol!

Trek

LGEN gonna move back now after that spike. I added more to average up!

5% holdings RNS just out.

I think it will run above 250 now which is perfect for trading a big pot as there is liquidity and if you get stuck wrong side there’s a +8% increasing yield.

In any event it should go back above 250 imo.

100k on LGEN if you have it at 242 sell down at +250. Nice little nibble trade!

Usual caveats

Trek

They bought them on the 7th - see volume chart. Set view for daily value

https://www.londonstockexchange.com/stock/LGEN/legal-general-group-plc/trade-recap

I am surprised that there was 5% of LGEN shares slopping around. What a poor market UK plc has become!

Still I added more today as well. I think US is frothy and they will soon be hunting bargains elswhere.

I also note the volumes and price rise in MNG. I wouldn’t be surprised if takeover rumours re-emerge there soon!

Usual caveats

Trek

SNX recovered from that lil pull back. Top share that one!

Trek

If Ukraine sell the Donbas to Trump in exchange for a buffer zone and security now that would be interesting!

Trek

I have noticed on ii that the price when closed has moved from 1p to sell to now 2.5p.

No idea if that is significant but irrespective of any volume the MM’s seem to be edging this higher as we get closer to IPO which according to Nick should be at 3.5m mcap.

I still fancy this going through 10p so happy to wait!

Usual caveats

Trek

Agree, the issue we have with IFRS is that the ‘opportunity lost or gained’ through hedging is factored into accounts as if they were cashed. That is not the reality but I get it’s an accounting ‘protection’ for investors.

So in the case of PHNX which have a hedged pf they can show an accounting loss when hedging costs are factored in but they do not reflect the benefit of protection until cashed. Which is then an anomaly if hedges are rolled on.

So if I offer you 200k for your house and the price drops to 180k whilst the transaction (pension fund) is pending. It doesn’t matter to me, because I actually paid 210k for your house. 200k face value. 10k insurance. The value dropped to 180k. That’s marked to market but I don’t care!

The next quarter it dropped to 150k. I still don’t care. It’s worth 210k to me and that’s what I will get. Minimum! So all my pension pay out liabilities are covered + ops costs + fx + whatever else I included in the hedge!

But the IFRS rules say I lost 60k as the 210k is marked to market at 150k! This is the key takeaway!

Now you see that the terminology is ‘opportunity lost’ which really is fictitious!

My cashflow is the same, I can still pay a dividend. My assets have just been protected with a hedge.

On the upside it doesn’t matter so much as the hedge is for loss not gain but then the accounts may look prettier than they are if one doesn’t deduct the 10k hedge from the bonanza!

I get that that is a poor example and still very confusing but I hope it helps a little!

Usual caveats

Trek

Another article

https://www.ii.co.uk/analysis-commentary/ian-cowie-inflation-busting-income-my-timing-was-terrible-ii534297?utm_source=sfmc&utm_medium=email&utm_campaign=Funds+%26+Trusts+Canvi+AMP&utm_id=241189&sfmc_id=4609723

Trek

I sliced a load more last week. Nearly 60% capital gain on the ones I have left invested excluding divi’s.

Got 20% of the profit left in here now which can ride.

The main reason I sold was to increase my income. I don’t see the divi here increasing soon. Even though I was getting over 9% yield after taxes slicing a load gave me the opportunity to pick up some Investment Trusts and increase my yield.

There are many quality IT’s at c 40% NAV discount with a track record of well covered and increasing double digit yields across diverse sectors.

So I re-appropriated my DEC gains and filled the income gaps to give a little income each month now.

I am really positive with the acquisition. I am, however, not so sure that the carbon capture growth will now be pushed.

The international LNG terminals coming on line are an obvious positive, but with drill baby drill and Baker Hughes rig count going up I just can’t second guess the gas price. But imo with the hedging it’s always been about volume with DEC and that’s where the acquisition comes in with better hedges and extra volumes.

With rates softening and bond yields peaking IT’s should soon return to favour. Many of the charts are indicating a turnaround. Hence I am averaging in there and trading best I can to get a good average and recycling profits across a small basket that I have got to know well.

£15 still on soon here imo!

Usual caveats

Trek

Next week for news I reckon.

Culminating in a death by a thousand cuts or a huge funds transfusion!

Take your positions, buy or sell or for that matter just close yer eyes and cross your fingers!

Trek

SAFE… it’s a bigger mcap and yielding 5% now. I don’t hold.

But it’s on the trading watchlist. Looking for 600p to fail and then see where supported is emerging. It’s down on stag worries atm.

But it sure looks like it likes to be above 600p support.

So if 600p fails holders from way back may sell. That’s why one needs to see where the support below that is.

Of course you can trade the 600p but that will need a big pot. Watching waiting and if necessary letting it go could give a nice bouncy bouncy. Buy 590ish sell +600 ish looks the emerging trade for the patient.

Directors bought big, paid more and with a trading update prob next week. Those are good signs!

Usual caveats

Trek

It takes time for the ii’s to absorb the PFS and run their numbers. The buyers will be here soon.

Usual caveats

Trek

I am pretty confident news next week but my appetite has dwindled. All I am expecting is a sell off into any volume and profit taking from those buying now.

Unless of course the news and narrative is nothing short of outstanding so longer term holders stick and absorb the short term traders.

In the meantime all level 2 will show you is who is preparing to load up now in anticipation of selling the news.

So come on Paul get ready to blow the doors off!

Usual caveats

Trek

Not sure what to make of this in the guardian…

https://www.theguardian.com/us-news/2025/feb/06/trump-russia-oligarchs-task-force?utm_term=67a5be29dafbd951f79511b57c0f5632&utm_campaign=BusinessToday&utm_source=esp&utm_medium=Email&CMP=bustoday_email

I guess if you allow so many to leave you gotta cut something. But then the UK spent a fortune on sanctions enfprand havnt enforced anything. Now that is a waste of money!

Usual caveats

Trek