RE: Tecx22 Nov 2024 08:59
Hi BarnsleyBitter,
LIO - I got some around 420 and topped up after their results and again when the CFO bought. Couldn’t believe they kept the divi and announced a buy back….
If you like the turnaround prospects in the sector when the good days eventually come. Look at the chart on CLIG, they run the popular ‘city of London funds’ and have been having net AuM inflows. Yield +8%. I don’t hold but it’s on my watchlist.
For yield recently I have been adding renewables as I think they will get some political ‘tailwinds’ although I have some concerns as there was ‘no’ sun or wind in November. So the outlook may not be as ‘bright!’
But my picks are NESF, 11% yield quarterly, see recent video on proactive.
Then FSFL 9.67% also got video out, UKW +8% with divi +RPI policy.
All pay quarterly and are doing share buybacks.
All increased divi pretty much each year. You can get em all cheaper than me atm but I am happy to hold for income as I got them well within 10% of the bottoms on the current charts.
I averaged in to each.
Re ITH, yes the yield there is insane and next divi is declared. I just no longer invest in North Sea oil and gas. I opted for PTAL recently and have held DEC and SEPL. So Brazil, USA and Nigeria!
The government don’t want me to buy UK!
The pending court case about including environmental impact of HC’s on downstream activities as well as production impact could have a big impact on the sector.
It’s funny how when Labour were in opposition ‘just stop oil’ was all the rage. But now in power and faced with loss of taxes and huge loss in jobs I expect the verdict will be kicked to touch. But then it will be something else!
Our gas is a valuable, relatively green (compared to oil, biomass and coal) transition fuel. We should be harnessing it until we can improve renewables, battery storage and grid capacity.
I posted earlier that the wait for business to hook up solar to the grid is 11-15 years!
Shutting off supply before improving infrastructure then importing with a bigger carbon footprint and screwing trade deficits seems to be the plan! Same with food as well!
We go from one bunch of nutters to the next!
Trek
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