George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
My approximation of the cost of the full 10% buyback is well below the £30 million allocated in January. I reckon the purchase of the 52 million shares has cost @£24 million then goodness knows what the Liberium charge. Maybe £6 million to round it up. Bingo- thats £30 million bang on budget.
The share buyback scheme is coming close to the 10% limit (52,831,110 Shares)agreed in January.
528,311,100 (TOTAL NO. SHARES JAN '22)
-52,831,110
----------------
475,479,990
----------------
Following yesterday's buyback there were 477,464,033 shares remaining.
So only another 1,984,043 shares to go by my reckoning.
Anyone know when buyback likely to end.
Waiting to buy on drop that's all...
I’ll be happy if they keep buying at this level no plans on selling would need serious down turn in the economy for me to change my mind
It not only continues but the volume purchased each day has gone up significantly since the posting of the results. We're already over 2m shares for this week (avergae is under 1m per week). I guess we save ourselves the dividend on these shares if we buy them now and it explains the slight improvement in the price. What will happen when the buy backs stop is slightly more worrying. A drift back down without some more news?
The company was positive enough to propose to spend £30 million on share buyback - i thought they must have generated a pile of cash in order to do so. Obviously not.
Borrowing money to buy your own shares back not prudent in my book.
Maybe why the finance man 'chose to go.?
I'm all for improved dividends - the more the merrier especially coming in just after the Xmas excesses.
I agree that higher dividend not a great idea.
Worth pointing out that the buyback has reduced the share count by 7.2%. This means that despite the dividend per share being increased from 0.75p to 0.80p, the company will actually pay out less than last year. Buying back stock at this point in the economic cycle actually makes a lot of sense and is preferable to dividend payments IMO
I'd go along with that. New CEO and CFO at the helm with a difficult period ahead also adds to risk
I read the results as revenue up but we did not increase prices to take into account rising costs so we are down on profit. We have borrowed more that expected yet are keeping the share buyback and increasing the the dividend. We expect to hit our numbers we have agreed with the board but we are letting you know that we are now cautious in our outlook. Overall this is not the positive update I was expecting as we have had a buoyant market up unit the last few months. We did not need to increase the dividend today neither should we be adding to debt to buy back shares as we do not know where interest rates will end up in the short/medium term. I have an average in the low 50's so not too happy with update today.
Lol, maybe not. Uncertainty next year done no favours....
good results should see 46p+ today
Nice update...should see 45p plus today...
Bit too cryptic for me that comment - what are you saying?
it really isn't. it's about how competitive they can be against the big green machine.
Half yearly results will be posted 3 weeks today.
Expect to see great increase in turnover and profitability but don't see any relief coming soon 're share price uplift. Sit tight, hibernate and see what these look like in 18 month's - back to mid 50s which is where I need to be.
https://www.lse.co.uk/rns/SDY/update-on-share-buyback-programme-b9rq2rdgmwe17jn.html
Going to buyback full 30m
I don't think there's any danger of financial distress here.
I'm unsure of more buybacks, surely better to preserve cash??
Here is a simple idea. Reward your shareholders, pay a good dividend. Then you will see people wanting to invest in you.
It's all macro.
Director bought today
250,000 shares @ 43.16
£107,900
It's falling with the house builder's, and they are a long way off lows yet...
For 15 months this share has been deader than a coffin nail. Nothing ominous here just market maker shenanigans to drum up some activity.
This might touch the all time low of 41.75p low briefly, but suspect it will close as a higher low around 42.7p ..and then we begin the slow northward climb once again.
So what exactly does David Shearer do? I thought he was brought onboard 5 years ago to create shareholder value- not destroy it!
Very big drop today.
I have no idea why