Member Info for WillJa

Results presentation from June, you've probably seen it but incase you haven't like myself, here it is.

https://vimeo.com/1095967336/e54fcc0354

Fgen is my biggest holding and I wish I had more conviction to add more.

ahh so just some of the usual ****e being spouted by the media as per normal.

the sps on all these trusts is getting a bit silly now, if you believe the navs.

No RNS, what is the bad news? Advfn has a few comments about bad news aswell.

It wasn't that long ago this was at 75p and climbing, what on earth is going on.

Appears happy 'today' after the RNS that being spoken about.

The market appears happy, normally a decent barometer.

Maybe invest the dividends elsewhere and put this investment down as a learn? I'm underwater aswell, but I'm certainly not giving in, after all it's a long term bet on rate reductions, mergers or taken private. One IMO will happen which will lead to share price appreciation. I don't think the company is on trouble, atleast it shouldn't be with such a basic business model.

Mine too!!!!

They also mentioned the proceeds will include buying backs and a possible tender offer, now that would be very interesting if the terms are favourable.

Was my rant right at the bottom 😂 seems to have perked up ever since, which is nice.

Atleast 'hope" can remain for longer in relation to the share being reinstated again.

I can't help but feel this is a weakening tactic by the US against Russia, surely they will endure catastrophic military losses the longer this goes on for weakening their strength.

The sad truth of war.

The cashflow generation would remain static, but the dividend liability would reduce by 30% (less shares in issue), so there would be excess cashflow to pay off the debt (plus interest).

I agree, what are they missing?

It could be gearing levels, so cannot borrow anymore currently.

Where's the floor? My god this is in decline.

We're at a 40% discount to NAV, to get back to par the SP would need to rise 66.6%, so even if we made halfway, that would be a SP increase of 33.3%. Not to be sniffed at, realistically it would be nearer to a 50% rise IMO, but this is wasted breath as the market clearly doesn't agree yet, YET 🤣🙏.

The last 3 trading days have been up 1.50%, par, up 1.50% (rounding). Tide has turned 🤣.

It's just nice to not see it drop to be honest.

Getting closer to dividend payment and the next ex dividend, if we update without a nav fall bigger than the quarterly dividend paid, we might even see a sustained rally.

We've come to the realisation that our shares are now probably worthless?

Borrow at 5% to buy shares at a 25% discount to underlying cash flows, I mean it seems like a no brainer, no selling of assets so income isn't affected, less shares like you say so less dividends to pay, surplus cashflow used to payback debt, rinse and repeat.

Fingers and toes firmly crossed!

But in life nothing is ever so easy, so will enjoy the hope and dividend for now.

Sorry didn't work, but if you copy the headline and search that, normally it allows you to view the article.

Source: Investors' Chronicle https://share.google/pEGsROu1zdNlq5L5n