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Prospect Capital Corporation Message Board

jmkdog 134 posts  |  Last Activity: Aug 20, 2014 8:36 AM Member since: May 29, 2001
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  • jmkdog by jmkdog Aug 20, 2014 8:36 AM Flag

    We seem to still be facing a bit of overhang from the problems encountered earlier in the year. While the short interest is back down to normal historic levels the trading volume is down. Moving forward assuming we get some color in regards to how the new PSEC will look due to a change in how it consolidates holdings should provide a nice valuation change for current equity owners. This is a bonus to following Prospect and its holding company PCM closely.

    The consolidation will return fees , and more equity will be retained in the Parent(Prospect). This is equal to a share buyback in terms of value.

    With the larger equity investments Prospect seems to have been focused on naming its price for leveraged finance transactions vs competing with many others for multiple smaller deals, this should prove to benefit income and could (should) provide for dividend coverage for some time moving forward.

    while we trade above net asset value, we may actually be below net asset value after the consolidation is disseminated and how it changes the asset value moving forward.

    For the many longs that have collected several dollars worth of dividends you certainly know how this works and we all can act to reassure new holders, this is a steady income producing equity and a wonderful alternative for many in need of a boost to monthly income streams.

    Best

    Sentiment: Strong Buy

  • Absolute cream of the crop.

    This is heading higher , last week in the 10's. It is going higher due to INCREASED VALUE despite the New Century BK..

    That 700 million in new loans last two days of the q will be Fully contributing,
    The amount of shares virtually unchanged q/q due to ATM suspension.
    Consolidation in the current q will raise NAV
    Previously collected fees may be paid out to Shareholders

    bad time to be out of this

    Sentiment: Strong Buy

  • Reply to

    LOCO

    by slicktop4 Jul 28, 2014 9:38 AM
    jmkdog jmkdog Jul 28, 2014 6:58 PM Flag

    I bought this at 16.82 but sold it at 24, jeez its flying. Good trade slick,

    We can all get along here, take a deep breathe , smile at your success, no need to throw it in the face of other common holders here.

    GLTA

    Sentiment: Strong Buy

  • jmkdog jmkdog Jul 28, 2014 6:54 PM Flag

    Company Release - 11/01/2012 16:10
    NEW YORK, NY -- (Marketwire) -- 11/01/12 -- Prospect Capital Corporation (NASDAQ: PSEC) ("Prospect") announced today that it is offering 35,000,000 shares of its common stock. Prospect will also grant the underwriters a 30-day option to purchase up to 5,250,000 additional shares.

    The securities described above are being offered by Prospect pursuant to a shelf registration statement previously filed with and declared effective by the Securities and Exchange Commission (the "SEC") on October 29, 2012.

    Citigroup, Barclays, Deutsche Bank Securities and UBS Investment Bank are acting as joint book-running managers for this offering

    Sentiment: Strong Buy

  • Reply to

    PSEC just hit 11

    by slicktop4 Jul 25, 2014 12:00 PM
    jmkdog jmkdog Jul 26, 2014 4:34 PM Flag

    What did you reinvest the dividends and capital gains in? Will you consider entry after X?
    TIA

    Sentiment: Strong Buy

  • Reply to

    Company lacks care for customers

    by jmkdog Nov 5, 2001 4:08 PM
    jmkdog jmkdog Jul 26, 2014 3:45 PM Flag

    Go **** yerself. Been here 20 years! LOL

  • Reply to

    PSEC just hit 11

    by slicktop4 Jul 25, 2014 12:00 PM
    jmkdog jmkdog Jul 26, 2014 3:33 PM Flag

    So for the record:
    1. You sold
    2. You see 11 as resistance
    3. You anticipate a .11 or more cent drop on 7/29
    4. You may buy back after x day.

    I held and not even death could pry 9.42 cent shares away from me, you tossed away Gold because it got too heavy.

    Sentiment: Strong Buy

  • Reply to

    PSEC just hit 11

    by slicktop4 Jul 25, 2014 12:00 PM
    jmkdog jmkdog Jul 26, 2014 1:19 AM Flag

    nice post rouse, keeping it REAL

    Sentiment: Strong Buy

  • Reply to

    PSEC just hit 11

    by slicktop4 Jul 25, 2014 12:00 PM
    jmkdog jmkdog Jul 26, 2014 1:18 AM Flag

    Yes slick was very afraid of Russell deletion, he warned me and called me clueless when I inferred the price would NOT DROP

    Sentiment: Strong Buy

  • 1.Prospect will cover the dividend earning a net income of .34 share
    2.Prospect will begin consolidation of the balance sheet=higher value for the mother.
    3.Those rather large 200m plus transactions will be contributing more to the INCOME side
    4. Current economic steam points to HIGER HIGHS and HIGHER LOWS next 52 weeks.
    5. Financials will be more transparent to the common
    6. New yeild capturing vehicles, new products in which Prospect controls each side of the deal.
    7. Less dilution as growth is digested

    The time to cover was prior to 6/30, however you can stop the bleeding, Join us and make that money back in just 6 months of dividend capture.

    Sentiment: Strong Buy

  • I told ya so, it is so childish, it is immature, it represents an arcane human behavioral pattern. Others are or may be affected by it

    BUT BOY DOES IT FEEL GOOD!!

    Go PSEC!!

    Sentiment: Strong Buy

  • jmkdog jmkdog Jul 18, 2014 8:43 AM Flag

    Relax , this is low volume and simply tracking S and P.

    Your cost average is curiously high considering the equity lingered 10% under your average for 40 days or so.

    Plus you must factor 19 months of .10-.11.
    There is no possible way your not breaking even.

    You have received 8k in dividends on the 4k shares, you have gotten something on 26k shares (not disclosed). just your 4k core position is lowering your cost by .26 cents.

    when you factor in the dividend on the other 26k shares your likely at least EVEN now.
    @10.61.

    You should be happy , not whining about small dips.

    Drink beer=Be happy, smile Neils Anderson II

    Sentiment: Strong Buy

  • Reply to

    The Hedge fund shorting

    by jmkdog Jul 11, 2014 11:04 AM
    jmkdog jmkdog Jul 15, 2014 1:07 AM Flag

    Oddly volume is drying up. Looks like a stand off...

    Earnings due in 30 or so days, the increase in NAV in Q1 is going to be nice as consolidation happens and fees are reduced.

    Sentiment: Strong Buy

  • Reply to

    July 14th?

    by jmkdog Jul 6, 2014 1:29 PM
    jmkdog jmkdog Jul 15, 2014 1:02 AM Flag

    Not sure why you are talking about "days to cover" that is moot.

    I am more interested as to why you DID NOT COVER in the nines???

  • Reply to

    Well, I'll admit ...

    by ray858945 Jul 8, 2014 12:04 PM
    jmkdog jmkdog Jul 12, 2014 12:08 AM Flag

    GREAT post!!

    Sentiment: Strong Buy

  • Is determined to ride this unti the 10k is filed.
    Fortunately Prospect has done so much better than what it is priced,

    The short holdings are actually bullish for longs. 31M shares, and that .11045 is coming due yet again.
    Just be patient. There will be numerous posts by traders and short sellers every time there is a down tick.

    They will attempt to prey on your fear of loss, creating whirlwinds of FUD.

    We need retail to be strong here, not sell and simply collect , collect, collect, collect, reinvest, reinvest , reinvest.

    Have a wonderful weekend, enjoy

    Sentiment: Strong Buy

  • Reply to

    Earnings

    by ray858945 Jul 8, 2014 3:11 PM
    jmkdog jmkdog Jul 9, 2014 1:22 AM Flag

    it was 1.3 B in Q3, 700M of which was in last week of Q and non contributing to earnings.

    Couple this with very few NEW shares as the ATM program was ceased.

    Guys , do not fall for the short babble..They had plenty of chances to cover last month

  • Reply to

    July 14th?

    by jmkdog Jul 6, 2014 1:29 PM
    jmkdog jmkdog Jul 7, 2014 11:12 PM Flag

    interesting flip flop.
    In May 2014 you touted those running PSEC as "smart".
    In May 2014 you claimed PSEC had "put in a bottom" and to "sit back and suck in the dividend".

    Today you are chest beating , "down " down",

    At what point did you short and when did you plan on covering?

    Sentiment: Strong Buy

  • jmkdog by jmkdog Jul 6, 2014 1:29 PM Flag

    We will learn how many shorts covered. There were 30 million shares short as of June 15th 2014.

    This could propel us well past 11 if the NYC Hedge fund responsible for much of the damage to the PPS from late March to June continued to hold the position.

    My theory is: The majority of the shorted shares are held by a hedge fund, not retail.

    If anyone reading this knows the name of the fund shorting please post :-)

    Sentiment: Strong Buy

  • jmkdog jmkdog Jun 30, 2014 8:02 AM Flag

    entertaining , I think rouse has been a good sport.
    Lets stick together and learn from our mistakes, see you folks at 11 plus I am off to Kauai, be gone til the 4th.

    ELEVEN.

    Keep coll folks and rouse and carl play nice , lol

    Sentiment: Strong Buy

PSEC
10.91-0.01(-0.09%)Aug 22 4:00 PMEDT

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