Evil Knievil: Payout suspended

I bought 20,000 Shore Capital (LON:SGR) at 170p before their permanent suspension. I did so because the shares are ridiculously cheap and because there will be a quote of sorts on the Bermuda Stock Exchange. However, I want to hold these shares for many years since I think the Shore brothers know what they are doing. (I trust St Peter Port Capital (SPPC) will receive their care.)

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Watchstone (LON:WTG) is still very cheap at 150p. I have no idea why they rest down here. There is no evidence to support a case for caution.

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REA Holdings (LON:RE.) is recovering very swiftly (the price of palm oil is up from a bottom of $480 to, now, $665) and the 9% prefs (RE.B) are still available at 81p. This is a screaming buy – ideal for an ISA.

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Tom Watson had to go since he had lied about several highly respectable individuals and refused to apologise for having done so.

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Finally, Magic Wand got bumped at the start of the Melbourne Cup last Tuesday and was inevitably put off her stride. As a result, she found herself behind a wall of horses entering the last stages of the race and simply could not get through. However, she did not expend energy on a flat-out finish and was therefore ready to run at Flemington on Saturday. She duly won. Even Ryan Moore smiled. (I had backed her last Tuesday to win £250,000 and left her alone on Saturday. That’s racing for you.)

Comments (1)

• philip baker says:

  12th November 2019 at 7:08 am

  REA have the firm confirmed if they will pay the preference dividend and the accrued dividend from earlier in the year?
  If they do at 81p they could pay a 9p dividend on new years eve? an 11% dividend could be possible for just 49 days of holding.
  Though as a measure of doubt remains it could 5.5% or nothing.
  I hold 50000 already so have a vested interest.

  Reply