George Frangeskides, Chairman at ALBA, explains why the Pilbara Lithium option ‘was too good to miss’. Watch the video here.
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Have they been leaked
Lol, I think you are right. Only some people are taking profit after the recent rise. It probably will bounce up again tomorrow. 😁😁😁
You didn't speak to soon Seen_it, £2.50 is assured, it's just a matter of time, question is how much higher than that can it go. There will always be ups and downs, most banks are down today as well. I suspect there will be small moves up and down till March when the dividend announcement will be made, I expect this to be a positive announcement and the dividend maintained or increased, if this happens we will likely see another rise on the back of that. Time will tell though and we could see a move north before then if the world settles down a bit.
Did I speak too soon again? It is falling back now.😁😁
I hope there is no share buy back.
I know it is supposed to result in higher share price and increased dividends. But the shares I have had never seem to get these benefits.
Highest finish for the day, and the highest level that we haven't seen for a long while. Will it carry on rising to reach my target £2.40 or even £2.50? Or will it come back down again just like always? Let's bring on to tomorrow to find out then. Good luck everyone and enjoy your evening.
It was loss making for RL, has had £££ invested in it and is still loss making….I doubt there will be much profit in a sale….esp since Succession is moving off the platform to Aviva (new owners).
Don’t expect a special dividend/ buy back on the back of this….they may be virtually giving it away.
Link please, anyone? Thanks a lot.
The article didn't say the platform was valued at £15.5bn! More likely it has £15.5bn under management.
Valued at £15.5bn aswell, surprised it not lifted sp, but city wire news also said pending announcement shortly, what they gonna do we all that money, special divi I hope, I own 17000 shares gonna buy shortly more, ya never no, but that's a fair few quid, pay debts off, give some to us shareholders ect.
Citywire is reporting that M&G has put its platform (bought in 2020 from Royal London) up for sale.
Good to see they are quitting a losing strategy and not throwing more cash into it if it is unlikely to reach scale to break even…..better to sell it and then rent someone else’s infrastructure.
Hey thriller40, what were you talking about? M&G don't have department store. Are you sure you have come to the right place?🤣🤣🤣🤣
The groups strategy of closing there big old department stores and opening new ones seems to be paying off and the revamp to the clothing range.
Yes blahblahdoh, like what I said, I have used my simple mind for the calculation. Things can't be that simple. I am sure that the BOD will have a better idea about what's the best choice to enhance shareholders' value. I hope that they will do their best to protect the our interests.
You seem to be conflating three different choices into two, SIDO. The cash can be used to pay down debt from lenders, buy back shares and cancel them, or pay out dividends to shareholders. Any combination of the three is possible, assuming cash is available. There are benefits and drawbacks to each, certainly, but they have the same intrinsic value.
Retaining a high debt ratio merely to maintain dividend rates doesn't seem like a sustainable policy, so debt reduction probably ought to be the priority. The dividend policy is worth protecting, but buy backs seem less important?
Correction: 'will buying back shares is a better choice?'
Should read: 'will buying back shares be a better choice?'
Sorry, touch the summit button accidentally... Hahaha
The difference is: interest payments only about 5%, but dividend payments are nearly 9%!
So, will buying back shares is a better choice?
I got simple mind, so I have calculated it the simple way. In reality, it probably will be different, lol. 😂 😂 😂
People think buying back shares will reduce dividend payments, but paying off debt will also save interest payments too. What's the difference? Well, there's differences.
" the pure financial play is to gear up and buy back more shares"
Surely the pure financial play is to simply pay off debt instead?
Lol yes Jarw, robleo and I were talking about getting out before this goes ex-dividend, and then buy back later. You were talking about what are the important things holders should look at. That's different importance mate, lol. 😂😂😂
Jatw, some very good points there, the problem is there seems to be more reasons for the share price to drop than rise lately, that could change if interest rates and inflation drops perhaps
its annoying though when your shares are in profit, then all of a sudden they have dropped back into loss
I was telling sidi the other day that i had broken even on my Lloyds shares at 47p, now they have dropped back into loss at 42p, he was wiser than myself and sold at the right time
it makes you think sometimes if holding is the right approach
It is the results day and what they say about the cash generation and dividend direction that is important…..the XD adjustment should be irrelevant.
These are some of the questions to be asking
How much capital is generated over the next 3 years?
What is the dividend cover?
Will there be a buy back programme?
What are their plans for debt refinancing/redemption and the SII debt ratio?
They have expressed a desire for the debt ratio to be under 30%. It was last reported as 36% with the excess % largely due to the last buy back removing £500m of assets from the company. With debt costing 5-6% and the dividend costing 8-9% the pure financial play is to gear up and buy back more shares….but that requires a change in approach. The results will be interesting for many reasons.
.... timing and luck will be very important for doing such a thing,
So, I wish you the best of luck mate, if you have decided to have a go, lol 😂😂😂
Sorry robleo for getting back to you late. I don't really have target actually, but depends on my gut feeling the day or so before the ex-divi day.
Well, this is me. I am really just a blind mouse or a headless chicken. Hahahaha 😂😂😂😂
Sidi, I'm coming around to your way of thinking about taking profits
What is your sell target here
Cheers mate