General Discussion

I hold shares in Gore Street, as does Saba, which has just proposed a resolution to wind the company up. It is true that Gore Street's performance has been poor; it is currently on a discount of 36%, compared to a sector average of 23%. Saba has questioned the payment of dividends using proceeds from the sale of operational assets; and also whether the sale (which was to a connected party) was at arm's length.

Despite these points I feel that I do not want to support Saba. I have just discovered that I can join an online meeting with the Board tomorrow (Tuesday). What do other people think?

Any views?

Tempted to tuck some away in my SIPP.

The AIC Industry News tab (if you have not discovered this it is worth reading) had a report on 5 November about Renewable Energy trusts. It said that the government incentives that these companies receive, which were supposed to continue until 2030, may now be withdrawn in April 2026. It stated that many of these companies receive a significant proportion of their revenue from the incentives.

I had understood that renewable energy costs were now below that of other producers such as gas, in which case the renewables should be profitable without incentives, but it is probably more complicated than that. As noted in the Newsletter, the sector may be due for change.

Greetings All,

If you were to reconstruct your porfolio with max 5 ITs capturing both income and growth.

What would your picks be?

Regards,

Imtiaz