Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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Stoodio, Stockopedia are saying that 3rd quarter results will be announced on Monday 26th April , so 5 more trading days to go after today. BOL
The next couple of weeks are going to be very interesting indeed here, with the anticipation in the run up to results. I feel we are on a far wider radar this year and very much in focus of savvy PI's and bigger fish. Much bigger fish. Just a hunch.
I also have a set of theories I've been mulling over for the best part of the last couple years, with respect to our dialogue below on strategy. One of them is nothing short of bonkers, but I'll definitely not be divulging for fear of coming across as a clown!
I should add, ALL my theories are favourable to us as investors :)
"The Group also holds mining rights for PGM projects and a chrome prospect in the Northern Limb of the Bushveld Complex."
To me this is where the potential expansion/growth could happen. Maybe they shed light on their plans in future updates/reports?
Fishy, completely with you and really not having a dig. My rant was a broad expansion on some inner personal thoughts. Each to their own opinion obviously.
"My argument was purely that I want them to either announce what their intension is and thus what the cash needs are in terms of expansion."
They announce their intention constantly... It might not be the answer you want but it's very black and white.
"Our management and technical teams continue to explore further opportunities..." which broadly speaking I take to mean;
The management and technical teams continue to explore further opportunities.
Kools, lemme know what's up as and when Sylvie :)
Stoodio, in principle I am in agreement, they should utilise a chunk of the money to extend / enhance the prospects for the company by purchasing further tailings etc
My argument was purely that I want them to either announce what their intension is and thus what the cash needs are in terms of expansion.
If there are no plans that need financing then the only route for the cash would be dispensation to shareholders.
Of course a plan that sits somewhere between the 2 routes is the best, I am eager for them to expand the prospect for SLP, but also perhaps signal a clear intension about the (hopefully) surplus cash requirements.
dividend or* asset accrual.
Fishy, don't get me wrong, I hear what you're saying.
However this a more general comment with regards to a fair few posters consistently (not you) talking about the need to spend the cash pile by way of dividend of asset accrual.
I'm absolutely done with this horse **** rhetoric. It's bs and I can only imagine comes from people that have never built businesses or empires :) I built a business, sold a business and have done alright in life, thus far, I think. The number one purpose of ANY business, whether listed or not, is to make money. SLP are doing that. So we're good to go. Period. If we continued to do what we do, happy days, no more said, no more done. We are doing what a business is supposed to do. Make money, safeguard the livelihoods of our employees, treat them good, incremental salary increases/performance bonuses etc and run a profitable company. Check, Check and Check. Oh and if anyone likes our story, and are invested, here's a little something too by way of a wonderful (and some might say, cautious) divi. Thank you very much, much appreciated :)
Now, in looking to the future, it's very simple. The company has been saying for sometime they continue to look at opportunities. That's it, that's all. Relax. I don't care if those opportunities do not present themselves for another 1, 3, or 5 years. I'll take them for their word as have no reason to doubt. They've built an extremely profitable business and I invested for this reason alone. And I've been rewarded handsomely over the past 10 years.
We are currently living in what is probably the most extraordinary period of time (and uncertainty) the industrialised world has ever lived through, so I am more than happy with the "abundance of caution" :) approach our board is undertaking.
Onwards and upwards. Steady wins the race.
If the company has no current plans for any expansion, then they need to disperse the money accumulated to shareholders.
It would make sense to fix a cash amount they want to hold each quarter. They could then distribute the earnings each quarter that are above this level.
Or they could decide to distribute % of free cash flow each quarter.
If we had a steady divi stream this way, I think that the share price would also rise significantly so that the % divi was in line with other such companies.