Member Info for TrekMadone

GL my average is 2.04. I like the sp cushion and the nice growing yield.

Chart wise we have 250p as resistance/ support then it’s onto 350l for another spike±

Let’s hope the dinners are much n-bettered

Got back in here earlier to bag a 7.3% divi. I just note that +7% yield on this stock is hard to come by i.e. that sp / divi doesn’t appear on the chart that often.

The market has reached v positively to the CMD announcement today!

The new biannual divi now fits with my income profile helping out Jan and especially July so happy to hold at around 5.50.

It’ll dip below that at times for sure but should spend most of its time north of 5.50 and increase its divi annually

A boring income play that may get a lift from rate cuts,

Usual caveats

Trek

I have managed to trade down to 322 and had the divi so please to see this lifted .

OECD has lifted global growth from 2.9 to 3.2%. Gotta help LIO pf’s!

Trek

Well done nom - I seem to recall it’s still being tipped so you may have another slice!

Trek

IMO Buyers will be looking to get in below 30p soon.

Trek

£1

Good to see his commentary. I bought in here last week as well and intend to add with income from elsewhere.

Trek

Did you grab any HREE for a trade tro. I tipped it here below 1.5. TP is 3p. Now knocking on 2p. Not too shabby.

News on license soon should afford a spike to slice into!

Trek

Well something has kicked this into life!

It’s unusual for OTC to have any real impact as it tends to be illiquid with silly spreads. But I guess there can be exceptions!

Perhaps £2bn of in ground resources ready to go once the license and funding comes for £10m mcap is at last getting noticed!

We have a big ii in at 1.5p and ipo at 3p. Obviously 3p is a traders target and should really be the min next funding target. But with the licence and v low cost extraction I would hope the funding will be at a much higher sp. The yanks may well bid this up esp with US offtake MOU in place!

Q4 is when we are told to expect news and we now have a big hitter on board!

Usual caveats

Trek

Good to see ZAK pick up on the gem. AEO is another where the numbers are at complete odds with the low sp! Even paying a divi!

Usual caveats

Trek

Well done on your US trade Terry

I had some limit orders placed here to average up but my sp didn’t get hit. Was expecting the shorts to go up this week but no.

Hey ho no doubt there will be another opportunity later!

Happy with the capital return and bumper yield though!

Been a cracking run recently esp with my SEPL investment!

Looks like GG has been the only looser! Nevermind, he’ll get the hang of it soon rather than just moaning from the terraces at folk making a living!

Trek

Hi Gemst,

Sorry just saw your post as I don’t look in here that often. Have a big sp cushion which I am happy with.

I think the pull back was more to do with the rights than results. Just usual churn. But can’t prove obviously.

I want to top up below 270 but fully invested atm and my divi income is going into INPP to spread risk. But I rate this a buy at sub 270. Once the acquisition beds in there should be a lot more growth and a divi hike which is what I want from these plays. CSN has decades if divi rises. This should keep that going.

Usual caveats

Trek

I hope so wolf. I would rather they sold and used the money in SA campaign.

Sp is where it is as this is all oh so slow!

Folk on sides expecting more funding. A sale of US assets should see a meaningful rerate here as will provide liquidity and significantly reduce costs.

Usual caveats

Trek

Hi G,

I get that but my point is where is the liquidity. They don’t have it other than by creating more shares which becomes dilutive.

So they let you sell shares to the company and issue more shares in their place.

See bottom of page 6

https://www.fundslibrary.co.uk/FundsLibrary.DataRetrieval/Documents.aspx/?type=sl.ra.full&id=f6b518a0-ec6b-4f9c-b9b3-f0df04eef155&user=3NkOi%2bVFC%2bI1KaSOmtMUfE6WlrfBJ1OLpql5YvzaklSnaKw8fxKbBdAVemx50OZ3&r=1

At present we are at a premium to NAV; so buy off investors at a discount, 2%, and issues stock for investors at a TBA sp. But whatever that is the odds are the sp will drop as before only to hopefully recover later.

If they have surplus cash I would rather they invested it for existing holders, I.e new debt investments or preferably bought back their own stock which yields higher than some of the RMBS and CLO pf. That in turn should result in a higher sp and no dilution.

Usual caveats

Trek

Hi G,

I still don’t get the finance loop here. Why not just do a buy back.

Then you have likes of VIP doing a buy back and a tender!

Then both are selling shares at the tender price so what’s the point!

I am somewhat perplexed at the raw mechanics of this. Seems a bit of creative accounting.

How does it all net out??

Usual caveats

Trek

Two insti’s stuck one our largest Gresham added in the last placing - oh at a premium!

Those that stuck haven’t reduced!

Directors buying excellent results sht London market!

Trek

Hi Genghis,

You point is correct. But if your average is 28p say and you are bagging +10% yield then even accounting for inflation and dilution that represents an excellent return for a few years.

The trick is when one has had enough income to sell for a capital gain as well and then reinvest elsewhere.

Atm I have reinvested the divi’s from here in higher divi growth stocks.

I will sell the rest here when I think my returns have run their course. But for now all is good irrespective of dilution. RECI is another I hold; flat divi and very high yield. Similar play, same quarterly income profile

But then I also hold SEPL for example from 100p and its yield keeps going up!

So I back some high yield flat divi’s and also have some higher growth plays.

Each to their own and there are many ways of playing stocks. But don’t love any of them!

I have reduced significantly here from my initial play as I average in and average out of positions but I am happy to run what I have for now as it fits my income profile.

Atb

Trek

Both points are valid. It depends what your average is.

I am happy with my 9.96% yield atm + I sold the raise in the 30’s for a little extra.

But if that yield looks spent I will be out. For now though a couple more years of near 10% divi will do.

Trek

A beat upper end of guidance

Divi earlier in Nov instead of Jan 5.5% yield for a growing company!

Loads of cash!more to come from efficiency and growth!

More contracts, returning customers, awards you name it this lot have it all!

SP well it is what it is coz it’s shty London market algo’s!

Usual caveats

Trek

SEPlL CMD … wow!

10% divi hike and gonna return 40-50% FCF to shareholders!

Just shows you don’t need to buy tiddlers which often balloon up only to fall back down!

Quids in I even have some 85p buys there. Huge rising divi on my low average !

Trek

TR1 Sloppy!

5. Date on which the threshold was crossed or reached

4-Sep-2025

6. Date on which Issuer notified

17-Sep-2025

Supposed to be 5 days for non uk or 1 day for uk

Usual caveats

Trek