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I'm even cheekier than Volcano and for some 2 years now, have always set my "Top Up" Price at 330.I may be wrong but I fear Ftsemajor may be a little optimistic with a wish for SLA to reach 450 in the short term. I am confident SLA will eventually nudge its way to somewhere around 400 but probably not until later this year.
No problem. I learnt something new as well. As they say, everyday is a learning day when you're retired!
I had a rough idea as the Title implied, but for completeness, I goggled it. What follows is a lift from Wikipedia so don't shoot the Messenger! "Such debt is referred to as 'subordinate', because the debt providers (the lenders) have subordinate status in relationship to the normal debt. Subordinated debt has a lower priority than other bonds of the issuer in case of liquidation during bankruptcy, and ranks below: the liquidator, government tax authorities and senior debt holders in the hierarchy of creditors. Debt instruments with the lowest seniority are known as subordinated debt instruments. Because subordinated debts are only repayable after other debts have been paid, they are more risky for the lender of the money. The debts may be secured or unsecured. Subordinated loans typically have a lower credit rating, and, therefore, a higher yield than senior debt. A typical example for this would be when a promoter of a company invests money in the form of debt rather than in the form of stock. In the case of liquidation (e.g. the company winds up its affairs and dissolves), the promoter would be paid just before stockholders � assuming there are assets to distribute after all other liabilities and debts have been paid". While subordinated debt may be issued in a public offering, major shareholders and parent companies are more frequent buyers of subordinated loans. These entities may prefer to inject capital in the form of debt, but, due to the close relationship to the issuing company, they may be more willing to accept a lower rate of return on subordinated debt than general investors would". So all pretty straightforward really!
Bringing these two beasts together will inevitably produce somewhat different "Buying" and "Selling" attitudes, particularly in volume, as we can now witness. Whether this is just early days or market-sounding out I'm not sure but I suspect this may well be the norm, at least in the short term. So far as any Special Dividend is concerned, I suspect Gerry557 is right and any additional Dividends over and above the Interim one due on 18 October 2017 will, as they say, be a bonus!
Yes, I sort of agree re historic threads and recent-ish views but we have now entered a new chapter so time to start "Chatting" and exchanging what is often well thought-out and considered views and opinions all over again!
You share my sentiments entirely. Unless you are in the "business" of buying and selling and trying to second guess the market, this Share ticks all of my boxes because of the Dividends. To quote from my Wealth Manager's most recent Report, "The summer holiday season should serve as a reminder to investors of the value of doing nothing, since it is time in the market – not timing the market – which helps deliver the best returns. The less investors are tempted to chop and change their strategy in response to market noise, the fewer mistakes they are likely to make, and the greater their chances of compounded growth". Can't improve on that!
MA03, I think you are right. SL does seem fairly comfortable around this level. Day by Day, Penny by Penny, the Old Girl is nudging up. I'm not expecting any miracles over the coming weeks or months (famous last words!) but all invested here should be able to be assured that the BOD will always have Shareholders interests at heart.
Re comment posted by tricky1276. I always ignore these ratings. So called "Experts" have been proved wrong on so many occasions and in so many different spheres. My understanding, and I may be wrong, is that individuals, certainly in the AIM area, are often called "Rampers" or "De-Rampers". Again, always best to ignore them and use your own judgement.