I bought the RGL bonds for a quick turn when they announced the placing.
I would have bought the shares if I could have purchased at the same price as Bridgemere Investments at 100p (new money).
It's pretty cheap, but the management that got them in so much trouble is still there. |
Ditto - that basket case - RGL The retail bond got out both at par and at the expected maturity date |
Actually there's a good lesson in HOME Despite being a literal fraud it's highly likely the senior lender gets out at par (and after fees at par and same) Only one UK reit has ever caused a credit loss for recourse, senior lenders So can't beat a little bit of hunting in distressed CRE credit There's still a bit of value in European junior/perp debt - but it's repriced a lot in the last few months |
Well there’s only 4% left in API, and that’s assuming they get the land in Scotland away.
I have limited capital so trying to keep it working.
I’m into insurers; Aviva, M&G, Phoenix all taken a dip recently, with strong growing dividends.
Also looking at other investment trusts with decent discounts and/or yields, like ASLI, TFIF, FAIR, SEQI and SERE.
I like the look of Uk smaller companies based on valuations and discounts - ASL, AUSC, HSL
Open to other suggestions and thoughts welcome! |
sjl301 - do tell us where you can get such an ASSURED return...
ASLI perhaps? |
I sold a bunch today at 61.5. Probably going to exit remaining holdings soon - lots of value to go after elsewhere. |
Never taken a full loss of capital - but I do still hold some HOME shares that I can't sell so there's still every chance that I get one there - fortunately only a small/starter position |
I tend to remember my coups better than my catastrophes!
In monetary terms rather than %age terms; DJAN & GGP shared the honours back in 2020. The former (Daejan) a REIT which climbed c 50% on a bid arriving just 7days after I tipped them on my JDT thread. The latter (Greatland Gold) went stratospheric making a 20-bagger of my Tip of the Year for 2020 (in the JDT Header for 2020). Had a good year in 2020!
My catastrophe (also in monetary terms) was just last year with Trinity (TRIN). Pulled some of the loss back this year as it has climbed 50% on the back of corporate action. Still sold out with a c45% loss however; not clever with a high allocation! |
Thankfully not had any go wrong like that but mostly due to the fact that for 15 years I have pretty much been invest and hold mostly in large investment trusts like Atst Smt Fcit . I have only really started actively investing in the last year and only with 25% of my available funds so probably beginners luck !! |
My worst investment ever is 100% loss. And I've had several.
I'm going to stay here until the bitter end. I think there is 3% to be had in two months - not huge but I have spare cash for any (unlikely) great oppotunities I can find elsewhere, and that beats the interest I'll get elsewhere (and my share dealing ISA pays 0%) |
LOL, I have to tip my hat(sorry!) to anyone whose WORST investment ever is a 1K profit :-)) |
I’m undecided. If anther opportunity comes up I might. Sitting on 224k since December 2020 , 1k profit , about my worst investment ever. |
At 61.5p this morning is anyone thinking of selling - I know its leaving a couple of pence on the table but is that a price worth paying to move on? |
HY results today somewhat irrelevant now but did note that they burnt through just another 3m on the abortive merger on top of 2m in the prior year. Seems an atrocious amount to me and just as well someone has taken this out. |
Clearly a poor result when consider CREI offer is now effectively 67.5p |
@ Garbetklb. API's corporate broker; signed today's LSE announcement. |
Thanks Nexusltd - presume the broker was giving you the factual info, not just his interpretation of the RNS?
Far Ralia - in the 64p at £10m. With 381m share count, every £1m up/down is equivalent to 0.26p increase/decrease. Like SpectoAcc, I'm far from confident that we'll get £10m. So, if we get £8m for Far Ralia, 64p becomes 63.5p. etc |
Stolenscone - thanks for that information, always interesting to find out how these things work. |
Re llef (09:55): You would be correct only if the deposit is released to the seller when paid. It's much more likely that it will instead be held in escrow and only released to the seller at completion (or in the event of buyer default). Interest accruing on the deposit would in the meantime accrue for the buyer's benefit and get docked off the final completion payment. |
Little doubt that NAV would have recovered to above 80p as property market recovers. So 64p not a great outcome on that basis, although short term traders (of which I'm one) have done well here so can't complain. |
The June NAV was 76.4p, & the bottom of the market has passed/interest rates are falling. |
@ frazboy. Correct. 64p estimated total return +/- adjustments. |
@frazboy - indeed, but it's been on the market for over £12m, they paid nearer £8m, am unconvinced they get it away at £10m, but we'll see. That'd be less than the price paid plus grants.
As @Wc104 has pointed out, might be a different situation once RR's Budget is out of the way end-Oct.
If 64p total, then after they'd already accounted for the costs in the last NAV write-down, and with 3 months of income too, it's a poor result overall, no matter being pleased to get it. |
Specto - I think, that as others have suggested, Ralia is included in the 64p estimate (the assigned value being £10m). Note 2 of the press release |
Thanks @nexusltd - tho presumably also depending on what West Ralia fetches. |
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