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8.30 paid, can we push through this resistance. Should fly then.
Should do that when Dow opens 14.30 glah
They tried to hold it and hunt for sellers this morning. There wasn’t. More buying pressure. The spread was distorted again with a large number of buys going dow as sells. Consolidated 820. Now to break 830 resistance and move up to 880
We opened up higher, so in my opinion it is going higher. Simples.
Don't forget this is a very cheap QUALITY stock. It's only going one way now, IMHO and that is up.
Bruce, enough of the semantics pls, you're going to miss the boat at this rate.
You have gotten muddled with what I said. I never implied that pension companies bought aim stocks. Of course they don't. I was answering the point from one person that aim stocks can an do give divs. And the other point where someone else mentioned success ful companies reinvest which sometimes is the case. The divs from ft companies are needed by all sports of investors. Of course aim can be good for pensioners not least as some are eligible for inheritance tax relief
Hang on Bruce was a "chartered financial planner " . WOW, that is why I never use these people .Man alive his clients must be well choked.
Bruce - You are greatly mistaken. Pension funds very very rarely buy AIM stocks, for the very fact that they are smaller companies (on a global scale ) and also are always volatile. Do you know that of all companies listed on AIM in the last 20 years investors have lost money in 72% of them. So if any AIM company pays dividend then it is a big exception but again that will hardly be a 1% at the most. For e.g. some of the biggest AIM companies Asos, Boohoo etc never paid dividend and Fevertree pays 0.65% ! Investment funds (not pension) do buy AIm stocks. Thats why for e.g. Invesco still has around 14% stake in Burford.
As pension funds are in need of dividends they go for companies like Diageo, Astrazeneca, BP, Shell, BAT, HSBC i.e. companies with 30-40 Billion + market cap, which also pay 5%+ dividend. Not 2-3 Billion AIM stocks, which can loose 50-60% of share price in a matter of days!
AIM stocks are always growth stocks and hence they need to reinvest... ; You buy AIM stocks for share price appreciation, not for dividends !
It pension funds and pensioners need the income. Often it is greater and more stable than interest. I don't think success can be measy red by the rate of retention. It is interesting that aim companies are now paying over 1 billion in dividends annually and rising. RemeMyer that dividend income accounts for approximately half of total reruns statistically. I was a chartered financial planner and tax consultant so I was constantly faced with this. My clients used to comment how the divs held up when markets fell
Successful companies often don’t pay out much dividends because they expect to deliver much better returns for shareholders by reinvesting it and growing the company.
We have already been over this. Woodford will have to sell some of his stakes in some of the companies he is invested in - some have already been liquidated. There is no suggestion he will HAVE to sell any Burford. Burford are cash rich and find investment very easy due to the yield and profitability. Entering US market will open up pool of new investor (read rns) and remember with the Peterson case over 40 iis wanted 10% stake for 100m.
Facts are always better eh
25% according to whoever is **** poor . Anyway wy are you concerned about a divi here Brucie, you won't be getting it.
According to proactive investors at least a quarter of aim stocks pay a dividend some of thembsubstantial
Indeed, profit, but is it real or based upon accruals for profit. Many companies are subject to hedge funds shorting . Going forward Neil Woodford will have to sell his significant investment in order to return cash to his investors. Investec also have a major equity stake. I am a chartered accountant and worked as a Treasurer for a plc. In the long term how can Burford continually raise capital to finance long term law cases. The yield would suggest that Burford is a growth company although the dividend percentage growth does not dovetail with the increase in profits. Cash is king!
If its proven to be profitable then where is the problem?
Historically when Burford announces interim and final results, the share price spikes for a few minutes and then falls. On July 25th it spiked to £17.60 and in March over £19, I sold as their results were too smooth for a business which finances long term law cases. Simply put, debit "investment" and credit revenue! Auditors rely upon representations from the directors who are responsible .
Bar the maths error...fyi i was rounding. 1% ish and assumed share price rise buy the time its paid. But still.
If you are in a position to have 20000 shares, if you dont sell at least half when it doubles then you are a poor investor. Free run for the dividends and the money there to invest elsewhere with a higher paying yield for long term growth.
Most aim companies dont pay divi. Just dilute ever other week
I hold just under 20000 shares. That is a decent divi in my opinion. For a companty of this size we have been gifted a huge opportunity
shareholders who receive their dividend in Sterling, the dividend is 2.823729 pence per share, based on an exchange rate of £1.00 = US $1.2997 set on 13 November 2018.
Not sure which school you went to, but 10p on £8 used to be 1.25% in old school maths.
If you're going for the dividend then that's a bit ridiculous. 10p per share at £8 is less than 1%...not exactly the most impressive yield.
Not forget about the dividend here. Buying at these prices should be a ok amout