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The payments news not great today. But understandable given Covid crises in Kurdistan. Also oil price dipped hard today and that hit GKP. However am very confident POO will surge in Q3 and beyond. Also as payment of a juicy 10% starts looming in July we will see strong sp lift. Today’s sp will loom like a bargain in 6 months. I will sit back and wait.
Have a beer and watch the world go by...
"Today’s sp will loom like a bargain in 6 months." (sic)
And yet
"I will sit back and wait."
That seems to sum things up for most here. Everybody waiting for someone else to do the lifting...
I'll give you a lift.. If you want little fella
I lifted this afternoon
With the lighthouse family?
I was just about to post the same thing! £35m summer divi on today's marcap of £346m. Of course we're annoyed that the SP has gone down, but frankly if I could I would be buying more as these dividends are quite conservative. To my mind KRG have always paid in the past (with some delay) but it's not like they're in the north sea and we're dealing with the UK government
Nice one PUTUP. Not everyone loaded up in the 70s either. A 10% divi at 165p is close to 25% for me. I’m happy with that. Don’t need to load up more. However for others seeking a nice divi it’s a nice buy price. For people like you with a zero risk appetite you should be buying. Lol
Everyone reading FH's posts should therefore understand that he is a seller at these levels
Nope not a seller. Just fully loaded in GKP. And waiting for my 25% divi. And if price sticks at 160p will buy more. This time next year GKP will be pumping 55k and no capital spend plan. So will expect 100m divi. At this rate will pay off my cost price in years. Nice going wink wink
Pocketing your dividend is the same as selling some today. Just saying.
Slig yes good point. It is odd how the panel beaters use shape shifting language. Black is white and vice versa. All a bit Alice in Wonderland.
‘Pocketing your dividend is the same as selling some today. Just saying.’
Okay PUTUP, reluctantly I'm in.
Explain…because right now it reads like you posted it in a drunken Saturday early evening stupor. Which is fine by me; I have no interest in your personal life patterns.
But for the sake of the bb contributors, would you care to elaborate?
Because I for one am willing to learn. Really.
How can it be that to hold your shares in GKP and reap the double dividend reward this year, is the same as selling at today’s prices pre dividend?
What do you mean?
It isn't the same and they didn't finish the thought I believe.
Presumably they meant you'd be in the same position if you sold now and reinvested the dividend, vs waiting for the dividend and keeping the money when paid.
Ah, I get it.
Thanks for that IAm.
SC
When should I expect to hear news of the dividend from my share dealing service? Am I right in thinking there was a previous dividend? Could some kind soul please advise when that was and how much? Many thanks in advance.
Needs approval at the AGM first.
Don't forget the "ex-dividend" effect - most shares fall (generally by the dividend amount) immediately following the payment date.
Depending on dealing costs, etc, and by how much it actually falls, you might be better to take the divi and then buy on the drop but it could go either way.
This year, because of the additional Special Dividend to be paid a month later, and taking into account the "mood music" that could emerge from the AGM, it's not at all clear just how the SP will behave.
Correction
Should of course have said it generally falls when it goes ex-div, not when paid.
Good point. I suppose if you sold the moment before going ex-div then it would be equivalent to taking the dividend. However, it does assume that nobody else reinvests the dividend (I think).
As a long term holder and still seriously under water every penny dividend I get will be going back in and growing the size of my holdings.
I don't care about the day to day share price movement I've neither the time or the energy to follow it and will just wait for the company to be sold at a far higher price than what it's valued at today.
" What do you mean?"
It's pretty fackin' obvious. You own £x amount of stock today. That's your value at risk (VAR). (You own the forthcoming dividend today in that value amount.) All else being equal, when the stock goes ex div the share price will fall to reflect the money leaving the company (the company is worth less because it has paid away cash). The value of your shares will fall but you will have money in your brokerage account. Your VAR will fall; your exposure to the company's stock price will fall. You can create a 'dividend' anytime you want by selling some. If you think the company is cheap, you wouldn't ordinarily like to reduce your VAR. You'd want to reinvest your dividend (and in fact you ought to prefer a return of capital via a buyback in which you didn't participate). In fact, a dividend is a pain because (a) you might incur taxes which is a leakage from your VAR and (b) you are subject to the risk that you might not reinvest at the theoretical ex div price. Investing 101.
so by your fackin obvious statements, the company value should be rising every time there is a payment...
but it doesn't
but yet you expect the value to fall circa 14% to reflect the monies leaving the accounts.
It will probably fall more than that from this point to reflect the sheer stupidity and incompetence of so called executives that infest the boardroom of this company.
If they spent more time running the company instead of dipping their hands constantly in the till then this company would not be where it is now.
"so by your fackin obvious statements, the company value should be rising every time there is a payment..."
Why ever would you draw that conclusion? The receipt of something already expected isn't a particularly value creating event. Now if expectations change that's a different story.
If you are that bearish then you ought likely to sell