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No, it clearly says in the text they are reducing dividend COVER to 1.75%, which is actually an increase from the 2% the previous year. It doesn't offset the reduction due to lower volume, profit etc. though.
It clearly says in the text they are planning to reduce dividend to 1.75 so nearly having this year. I have made my money on the the SP and was only staying in for the very good dividend over the years. Looks like that party is over so will look around where I canget better dividends
The contrast between TW. yield and BDEV now is pretty stark. TW. c. 6.5%, BDEV c. 3.0% (assuming 10.1p final here). TW. base their dividends on NAV so unlikely to fall to this level.
If they have cut the interim, it's a cert the final will also be lopped, 10p my guess!!
Just hope PSN, TW etc don't follow suit.
It's an interim, but the last interim was 10.2p
I get it’s part of the dividend thank you.
I was selling out after 8th April after qualifying for £1k
This morning i’ve dropped best part of £5k through this wonderful performance.
I buy for dividends lately, when i buy and sell is determined by them. Justify holding long term for gains if you like but there are stocks like Lgen which make this look pathetic now.
The 4.4 is only part of the dividend Connexion- it’s an interim
No money is changing hands here but there will be restructuring costs with a short term payback. Bdev are buying a brand with better products but paying for it with shareholder cash. At least the ceo will get a pay rise for running abigger business - whats not to like???
Could be a buying opportunity, but not yet.
The short term of the deal isn’t great, but long term it is.
Depends if you bought bdev to sell short term 🤷🏻♂️
I bought for long term
And he’s on the prime minister’s business council!!
It’s not what you know, it’s who you know.
I am looking at this set of results wondering if BDev even have a future! Incredible timing, i had been looking for around 10p as a dividend but 4.4 makes it not worth holding at all. I can make more shoving the cash into a bank account!
Was looking to buy in here, looking at Redrow price I think I will wait the market does not seem to think its a fair one
Sack the board.
All IMHO DYOR
Happy
...and it was loaded with debt, but the timing & terms still seem pretty poor for BDEV holders. The economy is far from out of the woods yet so who knows what's around the corner?
That deal was lousy timing, just before the credit crunch.
Reminds me of the Taylor Woodrow / George Wimpey merger which almost put them out of business. Difficult to see positives from the BDEV side.
Did the board all buy shares in redrow yesterday!
We are buying them and my 6% loss is their 12% gain.
Dumb. Never sold on impulse but tempted here!!
The market seems to have decided that CRST. Is the next likely target to be taken over.
Our figures are rubbish, so we’ll spend money buying what we don’t need and lock our shareholders in to a crap dividend payer!!
What a stupid move at a bad time.
well the value destroyed here in mcap equals the value gain in mcap at rdw , so zero overall benefit to investors who have stakes in both. meanwhile hundreds will lose their jobs. what a **** show.
I bet these two companies will get on like a house on fire. Oh wait...!
Divi halved same as Redrow. Would probably knock the price though the company said it had been flagged. Might fall today anyway as it is paying a premium for Redrow ironically reducing on paper the value of the transaction.
Results worse than I was hoping for but big news is takeover of redrow. Should be other way round imv as rdw perform better!
Agreed. Been watching with interest, but wouldn’t buy in on those results, nor the Redrow tie up. Smacks of desperation. They would have been better to buy a house builder when there is blood on the carpet. Not quite there yet, but moving in that direction.