madprophet
6 years ago
NAV at $11.57 so anything you can buy under that is a good deal...
BIG JUMP in NAV this quarter.
So what have we done since 2014 and so on? Well, we've grown our total assets from about $331 million to about $641 million at fair value. The debt portion at cost has grown from about $279 million to almost $442 million, which is what supports the growth in our regular monthly distributions per common share, which went from $0.66 per share in fiscal 2014 to $0.80 per share annual run rate since April of 2018.
The equity portion at cost of our portfolio has grown from about $105 million to about $155 million. Our NAV, net asset value, per share has increased from $8.34 per share to $11.57 over that same period.
https://seekingalpha.com/article/4193757-gladstone-investment-corp-gain-ceo-david-gladstone-q1-2018-results-earnings-call-transcript?page=4
madprophet
6 years ago
I haven't looked at the short volume...I will go check it out.
A bit high, man no idea why you would be shorting this...
NAV is going up,
Covering dividend,
multiple div raises and added a semi annual payment on top
All in the last 2-3 years.
Been buying in the 6's,7's,8's,9''s and 10's.
Now in the 11's, but only because I have on drip...
If it breaks below NAV again for no real reason
I will sell off some other and buy more till I get my numbers right.
Management wants to keep raising the dividend,
so yeah I am on all aboard till something changes.
http://shortvolume.com/
madprophet
7 years ago
Nov Ex div day and it goes up..always nice...
2 divs in Dec!
Just keep the money machine rolling.
Nice monthly divs, and capital appreciation at the same time.
People are now buying this above NAV.
Wonder how long that lasts, or does anybody think this will move into premium high yield territory like MAIN. CRazy over priced, but it keeps going up, hope that will be GAIN, but buying more on any pull back under $10, not sure I will see that happen anytime soon, and if it doesn't, well I am good with that too.
madprophet
7 years ago
You read the transcripts from the conference call?
Really good stuff, these guys are shooting for being the new MAIN.
We are now PPS above NIL. buying now is paying premium price,
which is good. Nov divy, Dec divy,, and in between is Dec semi annual divy.
Broke $11, pretty nice.
Go GAIN!
madprophet
7 years ago
Its a penny stock, and I already have money tied up in another penny stock as a spec play in that range. GAIN is an investment vehicle. SPec stocks are another thing entirely, and sub $1 stocks are from an investment, the vast majority are a gamble, they can offer great returns, but also offer great loss.
jrf30
7 years ago
" I'm thinking of getting a small cap growth fund.. the compounding interest is higher, I read it could be in the 10% annum "
You could be in AMFE, which you are bashing instead, with a growth out out of this world, and you are saying you might be happy in a fund with a 10% annum return??
I can GUARANTEE you a positive return over 10% in the next year with AMFE, and you don't hvae to do anything during the year but buy tomorrow and hold. IN fact, probability is that it will be WAY way WAY over 10% in the next year, as they keep crushing revenues and starting good earnings and are already DOING the third opening in weeks, plus franchises, plus games, plus gro3, plus more. Not hype based on words and a "potential" good future, but actually already DOING it.
How do you think? You'd be happy with 10%, but you bash a stock that came out with 5.9 million in revenues on Friday for its first quarter, versus 6 million for ALL of last year? The growth is amazing, it is HAPPENING, instead of hype, and you bash it?? Why? It makes no sense!
madprophet
7 years ago
It was .06 which they raised to .0633 i want to say back in June, and then Oct 10 PR raised to .065, those payments are set through end of year.
SO no, once they announce that is what it is, all div payments are set through end of 2017.
They do plan on continuing to raise but the how much and when, no idea.
They plan on doing it based on quarterly statements and conference call.
Like you this is a long term play for me. compounding over the long term.
madprophet
7 years ago
Those are the dates and payments for the quarter below.
Odd that is is going up today as the ex div date just happened, usually that is a slight drop. I would be on watch for more news,
will it drop? Man who knows,
As far as where is the bottom?
It was about 9.20-9.30, but with div raise, and upcoming extra div
that might be changing and going up. Honestly if you are in it for the div only, just buy you cant hope for better than a company who raised their divs twice this year and paying out 2 extra divs. Their financials are solid, I would bet they have a great quarter, so if wanting to buy, look for any dip but buy in before the quarterly comes up, because they should be good and that is only going to drive it up more.
Common Stock: $0.065 per share of common stock for each of October, November and December 2017, payable per the table below. The Company has paid 147 consecutive monthly cash distributions on its common stock.
Record Date Payment Date Cash Distribution
October 20 October 31 $0.065
November 20 November 30 $0.065
December 5 December 15 $0.06*
December 19 December 29 $0.065
Total for the Quarter: $0.255
madprophet
7 years ago
Yessir!
If you ask me, GAIN is rock solid,
more than cover the dividend easily.
Extra dividend coming up in Dec,
Lately its been slow climb up to around the 9.70-9.80range,
sell off lock in some profits brings it back down, and then it climbs back up.
But I will take a jump up past $10, very nice.
Shut my drip off on this for now, let the divs stack up,
$10 is a bit pricey to buy in, will wait for a drop again, and then put the drip back on...
but GAIN is on a roll right now. Keep the money train moving