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Nope, no divi. not yet
That will be just fab :)
Easy & cheap shares for them to buy back :) hopefully that means the $25M buy-back will actually result in over 10M shares being cancelled thus leaving under 138M shares in issue ahead of the Q4 dividend.
Less shares means a bigger payout per share :)
LOTM
Did anyone receive their dividend payment yet ? I did not. Looking forward to:
- Q4 dividend
- share price increasing
- cutting the fat at the CNE.l
** A hopeful future sell of the business that massively increases the share price, that helps us recoup our investment
Reasonable to assume that our reduced share holding could have been at the same time or expected .
The circular say 'expected date' 23rd May which is in any event very soon after the record date of the 15th - so a little bit of leeway is quite reasonable as far as I can see.
If i held 2788 shares on X-divi day should i have got 2778@115p=£3206.20 dividend?
That is correct for me also . The reduction in our share holding has been adjusted downwards .
Still got a few hours left of the 23rd May .
Checked with my broker.... and divi payment has not been received yet!!!!!
Payment dates needs to be honored!!!!!
Thanks Boracic
jt
Seems I have been consolidated but not received any divi? Anyone else awaiting divis?
If I have £10 and give you £2 what do I have left? it is still not £10
same with dividends, sp always drops to cover the dividend payment
but in most cases it is a small amount and people do not notice it, and in most cases SP recovers before the next payment
And that the value of the share was £3.50 back then. Also I thought that dividends were "additional" income, not replacement value.
In that case you need to factor in the multiple dividends you will have received in those 10 years.
John, to get back to £1,250 you'll need the share price to hit £2.85. 235 shares x £2.85 = £669.75 plus your dividend of £580 gets you to £1,249.75. Quite a jump from £1.9785 but a lot better than £5.32!
I'm holding and will use the dividend to add a few if the price stays around this level.
I have held my shares for about ten years. I was merely using January 2023 as a jumping off point for my calculations.
John, if you bought in Jan23 then the $1billion was already in the market capital (and this share price).
If you bought just prior to the India award, the share price rose 50-60% (from memory), that is how you would have received value.
You don’t make money on a share from the company moving money from its cash balance to shareholders as dividends. The company is devalued by the same amount as the dividend.
I am only a simple retired Engineer, so my calculations may not make too much sense to everyone. Not long ago (January 2023) I owned 500 shares in this company and they were valued at £2.50 per share (£1250.00). The Company had been fighting for years (and trading successfully) to retrieve a £1 billion tax payment from the Indian Government. This was retrieved and a dividend announced, which I think amounts to £1.16 per share. Thus my dividend payment will come to about £580.00. At the same time, the shares have been consolidated and I now own 235 shares, valued at £1.9785 each (£464.97). My simple maths says that my net worth is now £580.00 + £464.97 or £1144.97. So my investment is down, even after the dividend. Where has the £1 billion gone? I accept that the share price could go up, but it would have to reach £5.32 just for my share value to return to the "heights" of January 2023. Am I wrong?
With this fall in SP, at least if reinvesting divi's we'll be buying shares at a lower price!
*WOW* just *WOW* this new BOD of activist investors are crushing it!
Better the devil you know, yeah?
Remember, the old BODs are out due to a lack of performance and bad decisions. The RNS and white papers have the new BOD and CEO acknowledge this. They will take lessons learned and make different (hopefully better) decisions.
I say, sit tight and lets look at the quarterly numbers and financial performance,
then you can make an informed decision. Just remember below. Also the RNS and white
papers clearly indicate that the company will be positioned on the better side of the equation.
Thank god for MBA's and business school!
Revenue - Operating Cost = P or L
Mr K that is a well considered response, logical and balanced but....
The psychology of investing is such that I view CNE as an enormous Swizz which promised so much a few years ago and delivered so little. I never wanted to be invested in Egypt and still do not understand quite how the Board got away with that idiotic move. I suppose I should just sell up?
I’ve read all the information. And this is very different to post Senegal dividend (the India money was returned after that).
This time the company has the Senegal payment and North Sea payments, which I agree will increase the share price a bit, but I think they are already priced in (and I think the Senegal payment IS basically the £100mi additional divi payment).
Look at the Egypt operations, they require a huge amount of CAPEX, they are non operated, they are not making any money, the countries financial condition is deteriorating (I highly recommend investigating that), I predict the receivable position to worsted, look at all companies who have managed to improve it, to do so they needed massive increases in investment and/or large bonus payments be made to Egypt.
It appears your assumption is that CNE will only trade side ways or downwards. I am banking
on the stock going up in price as business's tend to do.
From a historical perspective, I was a CNE holder during the last dividend and consolidation about a 1.5 year ago. This exact same thing happened, and in roughly 14 months the stock rebounded and increased to my breakeven point of 2.40 GPB per share. I sold because I hated the old management. (not a fan of holding on to cash and not giving to shareholders... the tender was a stupid idea).
I think this stock has potential because:
- New BOD - with focus on returning excess profit to shareholders (Q4)
- 25 mil in share by back (will slowly help increase the price)
- internal cost cutting
You need to read the RNS and white papers. I think all the focus of the new BOD will
help the price of the stock increase overtime and we will see natural stock increase.
Revenues - Operating cost = P or L
If you dont see significant progress in the share price increasing there are always other
finance tactics you can deploy. But the premise remains in 12 months time the stock will
increase to your breakeven point, if not the ROI decreases slightly, by every month you hold.
But I personally think they are doing all of these actions in order to sell off in the future, and
then you would potentially get an even greater ROI.