Utilico Insights - Jacqueline Broers assesses why Vietnam could be the darling of Asia for investors. Watch the full video here.
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INTERVIEW: Prosperity Capital CEO
May 15, 2020
”...Prosperity is the most successful portfolio investor in Russia and the former Soviet Union.... A Swedish national, Westman has been investing in Russia for 27 years and launched his firm’s flagship Prosperity Fund 24 years ago. Before becoming stockbroker, he served on the Russian desk of the Swedish Ministry of Foreign Affairs, having learnt Russian with the Swedish Armed Forces.”
www.intellinews.com/interview-prosperity-capital-ceo-forecasts-russian-oil-majors-will-survive-as-rivals-go-bust-183297/
Good Morning West End - Prosperity forecast a dividend yield of 3+% for 2020. Would I be right in assuming this is for the year 2020 to be paid in 2021 or are they actually forecasting it to be paid this year ?
Not of any importance to me personally but interesting never the less. Their PE ratio forecast is for around 5 for the year 2020 so that should give a rough guide to all the analysts out there to what they are currently earning. Anyone want to hazard a guess as to what they actually earned for the financials they are reporting on tomorrow ?
Regards
Thanks for the post west end, but in my opinion, Prosperity have no power over POG. Yes, they might be a shareholder but I find there predictions very, very, optimistic.
My own personal preference would be to buy more third party concentrate, try and reduce debt, as that would allow even more free flow cash to allow a higher dividend at a later date. My opinion only.
Good post WestEast,
I think this validates my calculations, earnings and cash are about to explode at the current Gold price.
Thanks for the link, WestEast,....Also agree, first maximize POX Hub technology, etc,....... before paying dividends, would be my priority,.....when/if, POG start paying dividends, my preference ;-
"Dividend Reinvestment Plan" (DRIP).
BW
Agree.... Capital should and must be used to capulate the business and improve functionality of the business before paying dividends.... 2022 is a maybe
I know nothing of anything within the bonds and warrants that would stop POG from paying a dividend if they were profitable enough to have enough to more than cover cashflow and expenditure and interest payments. But, in my opinion, any extra resources should be used initially, to pay for extra third party concentrate to make extra profit, and/or towards purchasing TEMI with cash rather than shares, unless it was "full market value" at the time. As always my opinion only.
Comments on this?
Prosperity (who owns 15 % of POG) has in the March analysis of possible dividends Year 2021-2022 from russian companies also in below link Petropavlovsk included (with 22-36% yield!). I thought rules concerning the bonds and warrants made dividends impossible?
Link Prosperity analysis om dividends 2021-2022:
https://fmdata.blob.core.windows.net/prosperity-documents/fe1d93ef6e22487f8bec4c0e65fa94cd/Prosperity%20Analysis%20-%20Taking%20stock%20and%20business%20update.pdf