Cordiant Digital Infrast... Share Discussion Threads

[yump] 14/5/2024 15:38

When I first looked at this I got the same old “perhaps there’s something wrong” worry, but then everything similar that’s even vaguely regarded as an income stock has been trashed.

Hopefully buying down here will make up for the paper loss on some renewables.

Its a shame the renewables sector has run into some possible problems with debt and I’m sure there will be some permanent casualties. We could do without UK renewable asset sell-offs at a time when we need to own them.

[williamcooper104] 14/5/2024 13:57

Reminder that a lot of UK investment trusts are just too cheap Compare digital infra in the UK with the US markets; and can see that CORD will either not stay cheap or will be taken out Ditto look at BEP (Brookfield renewable fund) v UK renewables

[cc2014] 14/5/2024 12:49

Not a seller in sight now. What a crazy world this is.

[yump] 13/5/2024 18:04

Seemed unlikely to just sit in such a tight range forever, the only worry being that it might break downwards, but couldn't see a possible reason for that.

[probablynotphil] 13/5/2024 17:35

I almost did a double take when I saw the numbers after close.

Let's hope this is the turning point! Onwards and upwards...

[cc2014] 13/5/2024 15:48

Lovely move into the close

[cc2014] 13/5/2024 13:40

Seller seems to have finished at 65p. There seem to be no sellers coming out at all as the share price rises.

[probablynotphil] 13/5/2024 13:34

Good rise so far today!

[probablynotphil] 13/5/2024 12:01

More context here hxxps://www.theaic.co.uk/aic/news/industry-news/aic-lobbying-against-frustrating-platform-buying-restrictions

[yump] 13/5/2024 11:54

Ooh this is exciting perhaps share price freedom awaits…

[riverman77] 13/5/2024 10:50

This is yet another one AJ Bell have restricted because it's failed some fair value assessment - if you ring up they can remove the block.

Good news that AVI have taken a stake - very savvy investors and not afraid to use their clout to ensure value is unlocked.

[cc2014] 13/5/2024 10:43

Has this finally managed to find some support with the change in shareholder list?

[rogen83] 13/5/2024 09:10

Big changes on the register announced on Friday with new shareholders on board, suggesting a decent cross in the market and (perhaps just perhaps) the removal of an overhang from a seller.

[cc2014] 13/5/2024 07:42

It's my understanding AJ Bell have CORD on phone trading only for purchases.

[rogen83] 13/5/2024 07:29

AJ Bell surely can’t block you from buying CORD, unless they don’t allow any specialty investment trust investments (which just seems odd and very backwards).

[hugepants] 12/5/2024 18:30

Tried to buy some last week with AJ BELL but not possible. They must think it's too risky. However they will gladly let me buy some AIM tiddler with a 1M market cap and no assets.

[rogen83] 12/5/2024 15:28

Patience required with this one but if the market doesn’t do the right thing, then it is inevitable that a 3rd party will demonstrated the inherent value of the assets through a transaction.

[yump] 11/5/2024 08:36

Judging by the volumes recently it looks like the price has been held tightly to enable big trades to take place.

2021 was an unlucky time for a few income trusts to float, just before interest rates started rising in 2022. That seems to have exposed some with high debt or rcf facilities, but that doesn’t seem to be the case with Cord.

Hope the sell down from float will reverse a bit soon.

[probablynotphil] 10/5/2024 20:34

I've been following CORD for around 6 months now. Managed to build up a sizable holding at an average of 66p (started at 72p so been working my average down recently).

It's been a frustrating few months, but I truly believe this share has massive upside potential. The companies held are highly cash generative, located in up and coming economies and have lots of opportunities. Management is confident, experienced, and most importantly they're personally invested so they have skin in the game. I'm happy to sit on it for now and bank a 6% dividend, patiently waiting for the tide to turn on interest rates and negative perception of Investment Trusts (particularly DGI9) to subside. At that point, the share price will close in on the discount and I'll probably wish I topped up even more at these low levels. A ~40% discount is way oversold for this particular trust imho.

[yump] 10/5/2024 13:41

Hopefully I’ve bought before the stratospheric rise…

[yump] 30/4/2024 08:47

6% plus some potential capital gain won’t look too shabby in a year or so. Hopefully I haven’t been attracted by the apparent diversity of something that’s “new”, rather than a solid income generator !

4 pretty significant share purchases by directors/advisors this year.

[spectoacc] 30/4/2024 07:24

Confident:

"Cordiant Digital Infrastructure Limited (the "Company"), the operationally focused specialist digital infrastructure investor, is pleased to confirm that Steven Marshall, Chairman and Co-Founder of Cordiant Digital Infrastructure, purchased in April 2024 a total of 310,326 ordinary shares in the capital of the Company at an average price of 64.0 pence."

[yump] 24/4/2024 11:32

Been looking at this for a while as it looks like its bottomed, but I reckon there’s a big hangover, as it floated relatively recently, at what could be viewed as being in a sweet spot. Plenty of time to buy I think, unless PE likes the assets at this price.

[cc2014] 16/4/2024 10:13

I spoke too soon. Why oh why did I even suggest things were looking up?

[cc2014] 15/4/2024 08:27

Perhaps I should not write this for fear of sellers instantly magically appearing from the ether, but it seems like our large seller has stopped and the share price is now recovering as any buyer is having to pay close to full price.

It's been 66p on the bid for over an hour without any sign of any significant seller and that does seem a good sign. As short time ago as the middle of last week any volume coming on the book at any decent price was getting ripped off so that seems to have finished.