Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant. Watch the video here.
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The dividend IS declared per share, then calculations can be made as to the cost to the company. Obviously more buy backs decrease shares in circulation and thus cost to company paying future dividends. But none of this increases dividend, don't more the goal posts, of course increase in the sale price of the product we sell will increase profit. Share buy backs don't increase the dividend as you incorrectly stated. You're trying to argue your point by saying share buy backs return value, or higher prices mean more profit... both of the latter I obviously agree with. How ever you look at it share buy backs don't increase dividends. That's a fact mate. I'm not trying to be rude and you can be as perplexed as you like but I'm not stating an opinion. Obviously you can't be convinced, I was just pointing out something to you, if you don't accept what I'm saying that's fine. Have a pleasant evening
the price of oil and natural gas is higher than it has been in a long while and better than when BP were paying the full dividend. Costs have been cut and asset sales been made. If it werent for this renewable investment requirement then there probably isnt a restriction on increasing the dividend, even by a small amount.
Circumstances have changed on key assumption that's why. Simple really
Wheremymoneygone - "that's how many feel when dividend hike is mentioned weekly" . . . or even daily . . . or even hourly!
Why people won't believe what BP have stated with regards to shareholder returns is beyond me!
Your looking at this too simply. If the divi is defined in £ per share then it clearly doesn't. If its defined in capital distributed then yes it does. Your being very semantic though. Look at the macro point I'm making. Increase in profit = increase in share price as the shareholder funds have increased. A massive uplift in price of oil DOES increase the value of a business to its shareholders. I'm somewhat perplexed as an investor you don't understand this
Nobody said buybacks don't return value to shareholders, im just taking issue with your point that buy backs increase dividend, they don't. If you feel like we're going round in circles, that's how many feel when dividend hike is mentioned weekly.
christs sake that was the point I made a few messages back
licker - buy backs do not increase the dividend. In theory they increase shareholder value by reducing the number of shares in circulation so driving up the share price.
I'm not sure you really understand business economics
So they just sit on a shed load of cash do they and do nothing with it....come on man get with it. Huge profits increase shareholder value ultimately no matter what they do with the cash, distribute it, pay down debt or do buy backs. Its basic business school stuff big profits = increase in shareholders value
Lickr, if I have 10,000 shares in bp. And they have set the divi at 5.25 per quarter. They then do buy backs of any amount, my dividend won't me any more or less. The only thing that increases the dividend is an increase in dividend.
People talking about back to a full dividend.... this is then new level. Let go of the past. If if rises then fantastic for everyone invested but continued talk of a rise is just nonsense when it's been told to us, for the foreseeable future this is the new level. Buy backs should equal dividends anyway
Buy backs do increase the divi and shareholders value. Think about it in the extreme so it makes sense. 1bn p.a free cash distributed to 2 shareholders is alot more value than distributed over 1m shareholders. Now just scale it back a bit. Or he may pay debt down which again increases shareholders value. Or he may distribute it as divi.
Any which way huge increase in cash generated increases shareholders value.
Get it now?
Buy backs do increase the divi and shareholders value
Even with the higher oil prices, 60% of free cash flow will be returned to investors via buyback, wouldn't leave much for a divi increase. Since we're in a transitional period it would be crazy to increase the dividend imo. I for one would rather it stays at this level for the next couple of years and invest in future green growth or pay down debt.
We've had it from the horses mouth that this is the new dividend level that it has been reset to. I believe the board expected cash flow to be neutral or negative this qtr with the disaster payments.
With the higher oil prices it does seem that we will have positive cash flow, but I imagine looney will stick to his word and return capital via buy backs as previously stated.
Just my opinion based on what he has actually said.