NewPygar
11 Oct 2015
Re: YOU'D HAVE TO BE A MUG Whilst I partly agree with you the zeros and convertables are redeemable in less than a year and I'm hoping before then we get a vote on winding up the company or converting to unit trust! I think they need shareholder approval to issue more zeros or debt and can't see that happening under the current structure! It is currently at over a 20% discount which is unacceptable for any shareholder and in the meantime we receive a 6% dividend (admittedly mostly paid out of our own capital).
badnews
10 Oct 2015
YOU'D HAVE TO BE A MUG To invest in this.Let me tell you why. The board have indebted this company to the eyeballs in 7% zeros and 6% culs amounting to 140 million. The company now has equity gearing of circa 60%, which is imprudent to say the least.You might think that the leverage was undertaken by the directors to enhance returns for shareholders - but was this really their motive?? Perhaps not. The trust pays the extremely high management fee of 1.25% not on net assets, but assets!! That's right, the manager indebted the fund on the most ridiculous terms - and then started to cash in 1.75 million in extra fees. Effectively you're being charged interest on top of your interest.Over 5 and 10 years, you would have been much better off putting your money in to a low cost FTSE 100 index tracker. 5 year total return 14.4% v 35%, 10 year total return 71.3% v 46.9% (SOURCE: Trustnet).I'm looking for an energy investment trust, but I'm also looking for one where the manager isn't just thinking about the lining of their pin-striped pockets - nothing against pin-stripes though, of course.
Chard Nick
03 Dec 2014
Re: Lonestar BIG bounce back on ASX by Lonestar...
Chard Nick
02 Dec 2014
Re: Lonestar Lonestar - OUCH!I did sell half of my ECWO holding a few weeks back, but the SP has taken a huge hit since. Waiting for the next NAV figure with interest....Why didn't they sell some LNR stock when it was four times the current SP??
digitaldanuk
19 Nov 2014
DEF
digitaldanuk
19 Nov 2014
ABC
digitaldanuk
19 Nov 2014
keep them all
digitaldanuk
19 Nov 2014
to Ecofin Water & Power Opportunities Stream
digitaldanuk
19 Nov 2014
Welcome!
