Member Info for WestofEngland

I agree with most of your analysis, Mike. The likely substantial increase in dividends is an additional driver for PAF and a further reason for buyers and holders to keep the faith.

West

I am a longstanding shareholder and see PAF as having serious growth credentials. The only other shares in the mining space that I view in the same context are Anglo Asian Mining AAZ and to a lesser extent Metals Exploration MTL. Both have similar calibre direction and management.

West

I had a few more shares over the last few days.

I sense that the combination of Michael Bell's positive comments and the grant of share options to the capable Finance Director are both positive signals. It won't take much for MSI to attract renewed support. Only six months to the AGM. Thanks, as always to John for his invaluable reports.

West

This is the next stage for this business's development. It is taking a while yet will result in the business progressing steadily in 2026/27.

Worth sticking with it if investors can.

West

I am happy to own the shares. All looking steady.

West

Hedgehogg,

You need a share certificate and then you can apply for 10pc reduced witholding tax and it works.

West

Lee,

I moved PAF shares from two broker accounts to Share Cert. Not difficult yet broker has to be willing. Benefit is you get Report and Accounts and, for PAF, opportunity to get divs with 10pc witholding tax rather than 20pc.

Best

West

JL

Thanks as always for your excellent daily reports which are invaluable.

My best to all for 2026

West

Kenj,

Just ask your broker to register the shares in your own name and send you the certificate to your home address.

Best regards

West

I have my holdings with five different brokers and one is very good and gets it at 10pc witholding tax. With the others, you have a choice; suffer the 20% or register the shares in own name. I have done this for three holdings and hope to get these at 10pc.

Its particularly relevant for 2026 onwards dividends which are likely to be larger.

Having attended the AGM last week, I am very happy to hold this share as the Board is first rate and I anticipate a share price in the 130p to 140p range in 2026 . They were very pleased with the reception received in Northern Territory where PAF is the major player.

West

New Britain Palm Oil was and is a great business.

I like MP Evans and also like Anglo Eastern Plantations. Both yield around 5% at current prices and dividends are likely to increase from here. I hold both and for choice would be a buyer of AEP at these levels. Price targets: MPE £22 and AEP £25 on an 18 month view.

West.

As a long term shareholder, I am confident about the future direction of the business.

I think its going to take time for the shares to reach 100p unless we see a significantly higher gold price which is possible yet not certain. I did sell 5% of my holding today not because I don't like the company yet it is now my largest position and I just feel its prudent.

Nonetheless, I expect us to see 150p in 2026 hence keeping the vast majority of my shares.

The good news is that I'll have some CGT to pay so that should help our Government a bit.

West

I agree with the comments. I'm not sure the presenter is quite as astute as he believes.

Very happy with PAF and like many here I continue to hold. A savvy team and the Tennant opportunity is in one of the finest geographies you could select.

West

Welcome back, John.

Best wishes

West

Yes, Roger that would be exciting. It'll be good to attend the AGM in Doncaster next week as we'll have the opportunity to meet the new Director from the defence business in Norwich. Lord Lee is a very sound investor.

Missing John's incisive overnight reports- hope we can persuade him to reappear in due course.

West

Brilliant day's cricket- couldn't be bettered!

West

John,

Thank you for continuing to update us with your excellent market reports. These are much appreciated by me.

Enjoy your leave of absence and hope it will not last for too long.

I am looking forward to the AGM- you also get a chance to see the MSI factories from the railway as they are both just south of Doncaster.

West

Well done you, Roger. I never expected to see the price easing back yet it has. Regarding Bed and ISA, you can usually do it with the market for a small difference in the price.

West

I suggest that they are all solid businesses. No doubt we'll learn some more at the AGM in Doncaster. I'd imagine the optimal outcome would be separate buyers for the three individually.

West

I will be surprised if they leave AIM as directors will want to benefit from the inheritance tax benefits.

In many respects, MSI is one of AIM's glowing success stories.

Whatever the outcome of the Strategic Review, our Board have done the right things by investing in the businesses they own, carefully expanding their operations ahead of business expansion and recruiting new people.

I see nothing here to dislike and am happy to be a shareholder. I havent bought more shares for three months yet have never sold and see no reason to do so.

West