Jup Ord. Share Discussion Threads

[skyship] 20/5/2024 14:56

Another good wind-down opportunity - ASLI. Stats look as good as if not better than over at API.

Market seems not to have caught on yet; so just under 62p seems like a great BUY.

[skyship] 19/5/2024 20:20

Indeed - happy days!

[stemis] 19/5/2024 19:52

Yes, it was a great time to invest in ZDPs, especially after the scandal when it was quite possible to buy ZDPs with great cover, backed by decent investments and yet offering, at times, 15% yields to redemption

[skyship] 19/5/2024 12:13

Sleepy - true perhaps, SteMis could always try the Fixed Interest thread; but in my experience very few commentators follow or know anything about ZDPs.



At least here Tilts & I understand them from our history back in the early 2000s.

SteMis - I understand your requirement. PMGZ perhaps the best available; most others now very short-dated.

[skyship] 19/5/2024 11:58

Bamboo a better chartist than me - see my 20 above!

[sleepy] 17/5/2024 14:13

SteMis - the JDT threads, although potentially valuable, are somewhat historic (some might say prehistoric). There may be better threads for your question

[stemis] 17/5/2024 13:44

Skyship,

Sorry, I phrased that wrong. I meant 11% return over the 18 months.

I agree there's probably better value elsewhere but I was looking for a lowish risk, guaranteed capital return (making use of the capital gains tax allowance outside a tax shelter) for a friend.

But thanks for at least replying

[sleepy] 17/5/2024 13:29

If you had held on you would have a greater loss now!

[skyship] 17/5/2024 10:28

Hmm - decided to take the loss and move on. Shouldn't have gone overweight in a resource stock!

[sleepy] 17/5/2024 10:22

SKY - well done on your Trinidad sale!

[skyship] 17/5/2024 09:50

SteMis - thanks for the above; I was not aware of this ZDP - PMGZ.

Unfortunately however your YTM/GRY calculation is incorrect.

The GRY from 115p to 127.61p on 28/11/25 is a mere 7.02% pa.

So not one for me. Far better value in the real estate sector.

[stemis] 15/5/2024 09:32

Since this is the splits board, does anyone have a view on the zero dividend preference shares of Premier Miton Global Renewables Trust?

The trust invests in 'renewables' funds, such as NESF, GSF etc. It's had a pretty horrendous time as the underlying investments suffered from the impact of higher interest rates on the valuation of their projects. However the redemption value of ZDP shares on 28/11/25 are covered 2.15 times and the interest rate reductions should at least stablise valuation of it's investments, which are generally liquid should PMGR need to sell to redeem the prefs.

Yield to maturity in just over 18 months is 11%.

[skyship] 15/5/2024 09:17

UK small caps finally breaking out:


free stock charts from uk.advfn.com

[sleepy] 01/5/2024 20:33

Yes - as someone with very independent views that actually happens to me surprisingly often. I feel genuine sorrow for others who have found themselves invested in what seems to be a shambles of a company. This may well become a done deal but I dont see it that way yet. I thought David Newlands very rapid disclosure interesting. Please don’t quote me on any other threads

[skyship] 01/5/2024 20:20

Well done Sleepy - sounds as though at least one person made some cash out of TRIN! BRAVO...

[sleepy] 01/5/2024 18:37

SKY - a hat-tip to you! Having spent many decades investing without ever buying shares in a small oil company I could not resist TRIN when I saw that you had invested in it.

[skyship] 01/5/2024 16:50

Indeed, CLI - as per Header. Actually turned a little better today - perhaps the start of something!

[cwa1] 01/5/2024 15:16

#CLI I assume?

[skyship] 01/5/2024 14:51

In the meantime my Tip for the year is languishing down at 83p - down c18% YTD (13.5% if you add back the large divi).

At 83p the shares are now on a cavernous 67% discount and very attractive 9.6% yield with the dividend covered 1.3x.

Absurdly oversold and will at some stage turn better.

[skyship] 01/5/2024 14:43

Pleased to see my Spec for 2024 jump 50% today on a takeover from TXP.

The offer is really lowball; so quite possible someone else will enter the fray.

In the meantime possible to buy Trin at c8% discount to the lowball offer; so an interesting play for anyone not yet involved.

[aishah] 21/3/2024 08:58

Not sure what Schiff is smoking as he thinks inflation will be 20%

[skyship] 21/3/2024 08:22

The CRB Commodity Index comprises a basket of 19 commodities. These commodities are grouped into four categories, each with different weightings:

Energy (39%): Includes crude oil, natural gas, gasoline, and heating oil.
Agriculture (41%): Encompasses soybeans, wheat, corn, sugar, and other agricultural products.
Precious Metals (7%): Consists of gold and silver.
Base/Industrial Metals (13%): Includes copper, aluminum, nickel, and other industrial metals



Personally long Silver & Wheat.

[skyship] 25/2/2024 10:19

Parking this here as a reminder. Well worth reading the Q4'23 Market Commentary under the 2nd link.

[skyship] 06/1/2024 14:19

Quite an interesting article on asset allocation for 2024:

[skyship] 05/1/2024 10:53

My Spec for 2024 - TRIN - has current MCap of £17m @ 43p. In that context you will be astounded to read this fact-filled piece which places a value of c175p on the yet to be exploited Galeota project alone.

Hopefully they will sell or find a farm-out partner to realise the Galeota value.