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| Share Name | Share Symbol | Market | Stock Type |
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| Jup Ord. | JDT | London | Ordinary Share |
| Price Change | Price Change % | Share Price | Last Trade
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| 0.00 | 0.00% | 0.155 | 01:00:00 |
| Open Price | Low Price | High Price | Close Price | Previous Close |
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| 0.155 | 0.155 |
| Top Posts |
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Posted at 01/1/2024 10:43 by sleepy SKY - thank you for setting up this years thread and for your 18 previous annual JDT threads! Your comments on the CP+ thread have been invaluable. |
Posted at 31/12/2023 14:09 by skyship SPLITs Followers’ Thoughts for 2024Another difficult year for investors and the World in general. The Markets see-sawed back and forth almost on a monthly basis; thankfully November/December managed to string together two months of positivity. The UK indices closed the year rather mixed. The FTSE100 finished marginally in positive territory at 7733 (+3.8%). The FTSE 250 also up at 19690 (+ 4.4%); whilst AIM had another poor year closing at 763 (-8.2%). Personally my portfolio traded quietly in a +/- 5% range throughout the year (same as last year) and closed up 4.9%. A boring year; but happily almost covered my SIPP drawdown rate. My Tip for 2023 – Greatland Gold (GGP) - was all over the place with many profitable swings to play. Starting at 8p they saw a low of 6p and a high of 11.5p before closing the year up 25% at 10.0p. My Spec for 2023 – TRINITY Exploration (TRIN) – had a disastrous and frankly bizarre fall of 60%; down from 103p to 41p. More anon… So, where to find some growth for the year ahead. Well, there seems to be a concensus that the UK is under-valued; especially when compared with the over-valued US market. The US is of course showing growth; whereas the UK is languishing on the brink of recession, though a mild one it is to be hoped. The string of transatlantic takeovers supports the hypothesis of a cheap market; but until the institutions and pension funds are regulated to invest back into the UK, the markets may well stay cheap and vulnerable to overseas cherry-picking! My Tip for 2024 was going to be Augmentum Fintech (AUGM), but that ship has sailed with a 35% rise over the past few weeks. I’ve top-sliced; but continue to hold as I see another 25% upside there. Instead of AUGM I select property company CLS Holdings (CLI) at 102p as my Tip for 2024. CLI is a European operation – 45% UK, 42% Germany, 13% France – but has been savaged by the UK Market as they are wholly in the Office sector. However the extent of the fall would seem to be wholly unjustified. Whilst the NAV has fallen 17% from Dec’21 (far less than all UK REITs), the share price has fallen 53% from 218p to the current 102p. At this level the NAV discount is a cavernous 65% and the well covered dividend provides a yield of 7.8%. Through individual ownership and family trusts, the Morstedt family own 62% of the equity and have been large buyers on the way down. The shares fell as low as 85p at the end of October, formed a base and are now seeming set to recover. Last week they broke through the psychological 100p threshold and seem set for a short-term run back up to 130p. Bulls will hope that the Mortstedt family might decide to buy-in the company; or sell out to the hungry PE sector. My Spec for 2024 is to re-run TRIN @ 41.0p. Without TRIN I would have been up 14% in 2023! The shares are absurdly cheap – perhaps like many on AIM. The MCap of a mere £16.4m needs to be weighed against Operating Revenues of $12m for 2023 & a likely $15m+ for 2024. Oil flow is steady at c2900Bopd and next year no petroleum tax. They are already paying a dividend of 1.5p/annum. A rapid recovery to 60p at least looks likely in Q1’24. I look forward to reading others’ New Year tips and views; and any contributions throughout the year are most welcome… ==================== Useful links to gilt/bond prices, commodity prices & the UK 10yr Gilt: |
Posted at 30/6/2023 08:57 by skyship Gary - sorry to see I3E crash on the dividend policy change. Hopefully you weren't too heavily in there.I'm as certain as certain can be that you'll make any loss back from having a reasonable exposure to GGP. Everything is lining up for a good recovery there in H2'23. The upcoming ASX listing will be a real game-changer. Quite bizarre that so far they haven't moved up in anticipation; but does provide latecomers with an opportunity to profit accordingly... Currently 7.1p; and will be back into double figures by the year end. |
Posted at 16/3/2023 11:37 by skyship Today's announcement by REIT microcap EPIC underlines in heavy print the tactic of buying the REITs with the widest discounts - assuming debt profile stacks up of course.Ones to buy, other than EPIC itself at 65p, might be API (30.7%); CTPT (33.8%) and of course EBOX (46%, though likely now 42%). Still, for the time-being just buy EPIC as at 65p the discount is still 19.5% and the yield 7.7% - dividend paid monthly. The RNS link is below. A bid from somewhere (PE?) is a possibility I suppose; but more likely this will result in voluntary liquidation; so enjoy a pleasant yield whilst awaiting events. |
Posted at 10/3/2023 16:07 by skyship Indeed - 243p = 47.1% Discount. The other non-dividend payer (HVPE) also languishing at 2150p on a 45.3% discount. Will they never learn! |
Posted at 22/2/2023 12:56 by starpukka Well done, Gary. I have sold my two AA4 spreadbets today for a decent profit; also inclusive of one divi payment. All thanks to you mentioning the share on this thread. So, thank you very much.I am indebted to you. |
Posted at 22/2/2023 07:44 by gary1966 Nice announcements on two of my companies this morning.AA4 buying 12.5% of shares back at a 50% premium to last nights close and much closer to NAV. Dividend being increased from 6 to 7ppa which means that the dividend on the reduced holding will be just over 2% higher than the existing dividend. Nice trading statement on ANG this morning. Unlikely we will get two hot summers on the trot which really impacted fishing last year. Three new stores opened after last years season and so they should contribute nicely and Europe should be less of a drag as strong growth from a low base. Cash adjusted PE, even with all of last years headwinds, still only just over 3.5. |
Posted at 21/1/2023 16:07 by skyship I currently view EPIC & SERE as the best buys amongst the REITs; and I wrote this over on LemonFool today:=================== Commercial Real Estate is a brutally cyclical field. A bear market comes along every so often; and with a combination of luck/skill you may trade out in time to avoid the worse of the troughs. Those troughs of course create great opportunities; and depending upon your view of the current cycle it could be argued that Q4'22/Q1'23 has and does provide a good entry point. Of course there are winners and losers, based especially upon debt factors and sector allocation. The joy of the REIT sector is its transparency and almost mathematical computation. As such it is less exposed to the risks endured by Conventional Trading Companies - as discussed in the Header of ADVFN’s Commercial Property thread (CP+) . That Header shows the charts of 35 secondary REITs, ie there is a wide selection of Runners & Riders to choose from. Handily you can click on any of the charts and be transported to the relevant company Bulletin Board thread. Over the past 2/3 months there has been a good bounce in many of the players since the sharp falls we saw in Q2/Q3’22. However, there are still bargains to be found. IMO EPIC & SERE are two such. Schroder European REIT is a generalist player, entirely invested on the continent in France, Germany & Holland. The Presentation and Q&A in the link below pretty well tells the full story. Last week’s portfolio valuation update to Dec’22 shows that valuations on the continent have perhaps been less severely impacted by recent market events. The 3.3% valuation fall implies a 3.8% cut in NAV from 140.8c (124.6p) to 135.4c (119.8p). With the share price @ c81p, that provides an NAV discount of 32.4%, whilst the yield = 8.02% at a GBP/Euro rate of 1.13. That dividend is currently uncovered until the recent sale of their largest asset is reinvested. However the 7.4c dividend (1.85c/Qtr) is secure. LTV is relatively low at 29.8% (20% net of cash). Debt cost is 2.5%; though 30% due for refinancing this year. All explained in the above Presentation. IMO SERE offers a very reasonable discount; a great portfolio with plenty of asset management potential; and, of paramount importance, a very generous yield. A good BUY at c81p. |
Posted at 16/12/2022 16:18 by skyship RE EBOX:I thought last week's Finals rather encouraging; and the website Presentation rather confirms matters. The main thing to note is that the dividend was covered in Q4 and will be covered forward into 2023; with the possibility of 3 x 1.25c interim dividends in the first 3 quarters, followed by a slightly increased dividend in Q4. At today's lower offer price of 60.1p and at a forex rate of 1.15, the yield = 7.24%; whilst the NAV discount is now fractionally under 50% at 49.5%. Of course reduced valuations in Q4'22 & Q1'23 will knock that discount back; however much of the damage is surely in the price. With a high LTV of 35% we could well see the NAV fall as much as 20%, down to 95.2p. At that level the discount would still be a high figure of 36.9%. There is no doubt that whatever gloss they may put on their new acquisitions, they were made pretty well at the top of the market - so we must expect some serious red ink. However, the share price has almost halved through 2022 from a high of 118p at the start of the year. So down at 60p with a yield of more than 7%, I rate these a GOOD BUY. |
Posted at 07/11/2022 11:57 by skyship Thnx briggs - yr post reminded me that I hadn't posted here recently.Personally haven't shared in the rally as now hold a lot of Cash & Fixed Interest; still down 2%YTD. Still trading the PEITs & REITs, though in smaller volume. Having a running battle with PIN over the small matter of the lack of a dividend; posted a bit about that on the PIN thread. Still, think they have to be bought as at 251p the discount is a rather excessive 49% - the highest in the sector; and they haven't shared in the overall bounce. Have also bought into the Aviva pref GACA. An 8.875% irredeemable cum. pref on offer at 113.1p for a flat yield of 7.85%, but c4p dividend accrued as they go xd 4.4375p c1st December. This is expensive debt for Aviva as, being classified as equity capital, the dividends cannot be offset against Corporation Tax. Would make sense for Aviva to make a general Tender offer on all 4 of their prefs. Once again, plenty of chat on the GACA thread. |
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