Member Info for whitelye

Not a very helpful article in the Times today. It reports on yesterday's comments from the BoA on the future of UK real estate homing in on the office sector. All in all quite negative. I feel RGL has been caught up in this plus today's fall on the markets. Could be in for a bumpy ride - hope RGL's case is well thought out.

Dividend declaration is expected to be released tomorrow. Just heard back from VPC.

Any Hargreaves Lansdown received theirs ?

Talking of payment day has anyone received their dividend yet, or are Hargreaves Lansdown being slow to credit client accounts ?

Income wise you are now better off than before the transaction thanks to the increased dividend - so there is a benefit from that angle.

Aviva tipped in the Times today, currently yields about 7.45% and forecast to increase in years '23 and '24.

Although GLO was yielding about 8.5% yesterday that has now dropped back to around 6.25% based on the takeover price. I want to stay in the power generation / renewable sector but will invest a proportion of my holding in a fairly secure high yielder such as LGEN or M&G and the remainder possibly in GSF and NESF. I could maintain a 6.25% yield that way. Anything to do with power gen or storage appears to be under 6% apart from NESF. Just some thoughts which could be blown out of the sky by the 4th quarter. I saw VSL mentioned and I am a holder of that stock and it has always been a reliable payer. However, I find the company difficult to fathom out, their RNS announcements even more so. I am a long term holder of CSN, RECI, AEW and CLIG. All of whom have been reliable payers. At the end of the day a counter bid for GLO would be the best outcome, it does seem an undervalued offer.

I've had a quick trawl and its difficult to come up with anything in the sector paying as nearly as much in dividend. Initial euphoria wearing off !!

Looks like it at 263.60p per share.

The full year dividend is 8.78%. I can't see this being maintained for the next financial year. This company is turning out to be a real disappointment, let's hope that takeover does arrive - any guesses as to a likely suitor ?

I've noticed that they are always late, invariably after noon when you cannot get the funds transferred into your account on the same day. Of course does this mean another 24 hours interest on your dividends for them - or am I being unfair ?

Spot on ! Good results.

I think there may be an increase. Interim was increased last year - I reckon 13.46p ! Any advances ?

By my calculations, if you are an income investor you will in fact be better off dividend wise despite the reduction in shares thanks to the forecast increase in dividends for '22 (31.5p) and '23 (33p). Also nothing stopping you reinvesting your £1 a share back into the company if you so wish or finding another home for it. Personally I'm happy
with this.

Serbian government has revoked Rio Tinto's licenses for Lithium project. Pressure from environmental organisations cited as the reason.

As outlined in today's trading statement, current intention will be to return capital in '22 by way of a share buy back. Disappointment !

Appears to be another acquisition / merger / agreement with ZeroFox.com - a security platform for digital commerce (I think) through a subsidiary company connected with VPC. Anybody throw any light on this one or was it flagged up some time ago ?

Yes, spot on.

Can the investment in Bakkt be truly classed as an asset? If it can't be realised for 12 months the value of the asset could tumble or otherwise in that time - you certainly couldn't borrow against it or at least would be unwise to. So whilst it is nice to have it on the books I don't see it influencing the share price that much - mind you I really hope I'm proved wrong !!!

Good comment from Stifel analyst Ian Scouller describing VPC's latest update "cryptic and not particularly helpful" explaining the impact that the share price move of digital asset marketplace Bakkt has had on the net asset value. "It is little wonder that VPC shares trade on a relatively high discount when the communication with the market is so poor" said Scouller.
I have to say I agree with him, when the majority of statements put out by UK companies are relatively easy to understand VPC's efforts always leave me scratching my head and asking the question "are they trying to blind me with science......." Anybody else feel like me or am I thick like Scouller ?