Contourglobal Share Discussion Threads

[rogerramjett] 17/5/2022 15:20

I'm a bit heavy in HFEL. But yes, worth a top up at this level.

[golden_eagle] 17/5/2022 14:44

Well I'm not complaining with a 35% gain on this investment but would rather have kept it forever and banked the 7% yield every year

[woodhawk] 17/5/2022 14:10

Yes, I hold and like HFEL too - that might be worth a top up, while share price is relatively low.

[rogerramjett] 17/5/2022 13:26

Yes Woodhawk. Funny enough I just slapped in some capital to DEC. Already have NESF. Also added to VSL at 9.5% yield.

[woodhawk] 17/5/2022 11:32

I like DEC (Diversified Energy), quarterly payer circa 11% currently. Trading update yesterday. Divi imminent. (NB 15% withholding tax on Divi with W-8BEN or none if in SIPP). I hold NESF too.

[norry2] 17/5/2022 11:01

I've sold today. The question now is where to park the funds. I may add to NESF. Any other thoughts?

[woodhawk] 17/5/2022 10:26

I think they missed the news today!! LOL.

Goldman Sachs raises ContourGlobal price target to 211 (208) pence - 'neutral'

[williamcooper104] 17/5/2022 09:10

Good point KKR to be fair aren't Elon Musk - so IMO it's a low chance of not happening

[williamcooper104] 17/5/2022 09:09

Always had a tiny free float, hard to margin, illiquidity discount Nice to get the bump But annoying in that another good infra company goes private and if I want to invest now I'll have to pay KKRs 2 and 20 and have even less liquidity

[williamcooper104] 17/5/2022 09:07

Looks like it's agreed - so no bidding war

[rogerramjett] 17/5/2022 08:34

I've bailed at 2.586. Great business. Truly gutted but I know this could take some time to complete having been sat with Petroteq for over a year. Cash in hand now. Just need to replace that with another couple of 8.5% yield payers to benefit from this windfall.

Best of luck all. This is a great company. Could never put my finger on why the share price was suppressed at that level. Now I know.

[linton5] 17/5/2022 08:33

Well done all 🙏🏻

[matadvfn] 17/5/2022 08:26

Goes Ex Div on 26 May, pay date 10 June.Worth holding to get the div or bail out now? (Average buy £1.90 here)

[scepticalinvestor] 17/5/2022 08:11

Dumped all 15k odd worth i bought in march for 182 at 257 this am. Good luck ladies!

[neilyb675] 17/5/2022 07:59

Get in there

[woodhawk] 17/5/2022 07:49

Excellent news - although I will sorry to lose the tasty quarterly divi.

[elsa7878] 17/5/2022 07:47

Happy days.

[solarno lopez] 17/5/2022 07:46

Well done Wallywoo and a first class job for we holders

[wallywoo] 17/5/2022 07:37

Will be interesting to see what the share price does today. I don't think we will see a bidding war. Only invested 2 weeks ago, nice result!! Especially since this is 73 percent owned by 1 party.

[rolo7] 17/5/2022 07:11

Takeover 263p!

[williamcooper104] 15/5/2022 21:12

Yep - asset level debt is non recourse so if that asset goes wrong then the lender can only recover against it and if they take a loss that's their loss Plus asset level debt is often long tenor with no/limited refinance risk/risk of higher interest rate and credit spreads Whereas as hold Co debt is secured against the holding company and thus has full recourse to everything - so no throwing keys, and there's often more restrictive covenants Plus hold Co leverage usually is 3-7 years with refincaing and interest rate risk In a credit crunch you often can't refinance hold Co debt so you need to fire sale assets - can get very painful

[scrwal] 15/5/2022 12:30

I guess the second para is saying that debt that is directly linked and serviced by assets and their income streams is lower risk even if it is a high proportion of the asset cost.

Meanwhile the sale of the Brazilian assets creates a conundrum , the £value being dependent on the market reaction. If say it creates the potential for a 10p special will that cause a rise in the share price - if not then paying a special does nothing for an investors wealth as all that happens is you get the 10p but the share price gets hit by a permanent 10p reduction since the cash paid out came from a non recurring capital sale.