Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
London South East prides itself on its community spirit, and in order to keep the chat section problem free, we ask all members to follow these simple rules. In these rules, we refer to ourselves as "we", "us", "our". The user of the website is referred to as "you" and "your".
By posting on our share chat boards you are agreeing to the following:
The IP address of all posts is recorded to aid in enforcing these conditions. As a user you agree to any information you have entered being stored in a database. You agree that we have the right to remove, edit, move or close any topic or board at any time should we see fit. You agree that we have the right to remove any post without notice. You agree that we have the right to suspend your account without notice.
Please note some users may not behave properly and may post content that is misleading, untrue or offensive.
It is not possible for us to fully monitor all content all of the time but where we have actually received notice of any content that is potentially misleading, untrue, offensive, unlawful, infringes third party rights or is potentially in breach of these terms and conditions, then we will review such content, decide whether to remove it from this website and act accordingly.
Premium Members are members that have a premium subscription with London South East. You can subscribe here.
London South East does not endorse such members, and posts should not be construed as advice and represent the opinions of the authors, not those of London South East Ltd, or its affiliates.
Love the focus on the products
Pocket money toys soft toys baby and pet
I paid 40 notes for 2 crap teddies on a jet2 flight on weekend
Card range will be amazing value
So boys and girls ….. where do we see the share price heading today 1.20/1.25 perhaps !?
Great update across all areas of the business, with the reinstatement of dividends being the icing on the cake.
The 4.5p initial div is very welcome, and when the interim div for fy25 is also reinstated at a level of say 2 to 2.5p, that equates to a div yield of close to 7% at current sp.
A significant rerate is now on the cards.
Very happy!!!
Div paid 28th June. Xd end May. So only 4 weeks away. Brilliant. Can expect a 2p interim in late 2024 of course now as well.
Ex div 31 may
Payable 28 June
Come on card 170p
And divi
@wiscos, " Pending shareholder approval, the dividend will be paid on 28 June 2024 with a record date of 31 May 2024. *
Wow. Blowout update. Everything is positive and return of the prized divi.
Superb results, well done too those that held
Excellent results, I was buying this at 40p share, sold out a while ago sadly but this is a real gem! Well done LTHs!
Look at that reduction in debt! Impressive!
This should fly 10/15%+ today.
Fantastic news. Great results! Can't quite see when the dividend is being paid but presumably very soon as it's for last FY! So should be an interim in 6 months as well. Nice!
Lovely, called that one spot on. Should be a very decent re-rate here now as income funds buy back in.
Online in growth
Wow it’s demolishing Moonpig
Cardy rocket
Return of the dividend! 4.5p!
I wouldn’t be upset with a H1 divi… I just don’t want to wait till jan next year…
Think we would all love the surprise of a divi tomorrow. But I think it will be a surprise. I agree the RNS is vague and leaves it open to a potential divi tomorrow. I think they will probably want to clear down some additional debt first and consider when it comes to FY25 H1 rather than putting one out now.
In the interims it stated; "The final maturity date for tranche 'A' of the term loans is 31 January 2024, and accordingly the earliest that dividend payments will be considered is during the FY25 financial year."
The key point being that the finals tomorrow will be 'during' the FY25 financial year.
The annual report said;
"the current restrictions on payment of dividends whilst CLBILS facilities and Term Loan A remain in place (to be repaid by 31 January 2024)"
Again, these restrictions should now be removed if these loans have been repaid as planned
As usual with investing, semantics / the words used in an RNS often matter more than the numbers...
Yep I’m with you on the fact that they have hit their requirements in terms of debt paid a leverage ratio also achieved… I just kind of thought they were restricted from paying dividends for anything FY 24 related … hopefully I’m wrong
Sorry BHAVEEN ignore me, I am trying to do several things at once and I am rubbish at multi-tasking!
I was right the first time and we are in FY25 now, because the results due tomorrow are for FY24 .
The only 2 financial conditions that were stopping dividend payment were that the CBILS loan had to be repaid which was done last year, plus the tranche A term loan which only had £4.4m remaining at HY24 in September and which will have been fully paid off by now.
I beg your pardon, we are actually only in FY24, but they are allowed to consider divs once the 2 stated finance and debt issues were addressed which both have been.
We are in FY25 now
How can they announce a dividend if they have already said they won’t consider them till FY25 as they aren’t allowed for FY24?
Agreed Smiler.
Expectations have already been set in the Jan trading announcement that the results will be near top end of projections, so I believe the only remaining thing needing to fall into place that would cause a re-rate of the SP will be recommencement of the dividend.
I can't believe they will not announce recommencement of the div given the business progress over the past 12 months, and given their previous dividend profile an ex-div date could be in May, with payment as early as June.
My hope/expectation is that an initial div of at least 3-4p might be announced although that is purely my speculation.
Good luck all LTH
On the eve of tomorrow's preliminary results you have to say that expectations appear to be somewhat mooted.
So will be get an SP boost on publication tomorrow or will we get a drop? Place your bets.
I have been invested here for 4 years now and I suspect patience is starting to run out with some/many shareholders. The language and tone of the RNS will be of particular importance tomorrow.
Just took advantage of the crazy price drop today to buy some more at 98.5p.
It shows how strange (fixed?) the markets are when the share can jump close to 10% one day on 7 times normal volume, then tick back down to the current SP then yo-yo between 98p and 102p and back on far lower volumes.
CARD is clearly an unloved share in the FTSE where most focus is on banking, Tech and Industrials sectors.
We are probably suffering because CARD is classed as a retail share by brokers and analysts who, as we know, treat Retail sector shares as 2nd class citizens.
Roll on the results and an announcement on dividend recommencement which should help provide an underpin to the SP that will hopefully counter some of these shenanigans.