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No shocks or bad news in the results and good to see the dividend increase.
"Total dividend for the year (combined interim paid and final proposed) of 0.84 pence per share (2018: 0.65 pence per share), an increase of 29%"
I agree, I'm happy with those results.
Very happy with the results, good solid stuff in all departments. More progrssive dividend rises to come.
So there we go, people moaning about the lack of director buys and here they are.
An underwhelming reaction to director buys. Brexit I suppose
They weren't exactly huge buys. It would be more of a vote of confidence if the CFO bought 10 times the amount he did.
I see it rising steadily from here, it's massively undervalued, it's just a very boring share to be involved in. I personally don't think that's a bad thing, but people chase the dream on aim, and this isn't that. It'll perform well as it has over the last few years, and have steady growth with a good dividend, it it won't double overnight like other companies can.
I'm happy with a safer share that is paying a dividend, that also still easily has room to double or triple in the next 2/3 years. I think based on buying at this level, it will be a 6% yield in 3 years. As well as being 70p a share.
I'm more than happy with the way the company is performing.
Who knows what his personal financial situation is. Still a fair chunk of money.
That big enough for u GG?
I'd missed that rns, good bit of buying by him, especially when he already owns a good chunk.
Share buybacks, interesting. Along with director buys they must think company severely undervalued, which it is
The resolutions certainly do look positive also:
Resolution 1, to authorise the Company for the purposes of section 701 of the Companies Act 2006 to be able to buy back its own shares; and
Resolution 2, to change the Company's Articles of Association to allow the directors to change the name of the Company, as permitted under section 77 of the Companies Act 2006.
I'm surprised the price hasn't moved more with all the buys today.
Big chunky buys today. Wouldn't surprise me if it's someone building a holding
@ Hazat re: "That big enough for u GG?"
Not really, it represents 2.6% of Mr Russell's holding. I take your point on the CFO's personal financial position though.
Don't get me wrong, its good that directors are buying, but I just don't think the buys are big enough to expect people to make people take note.
(apologies for the delayed reply)
What do people think about the share buy backs? They aren't sitting on huge amounts of cash so this would be financed by increasing loans? Also confirms no more acquisitions on the horizon I assume.
At the current (cheap) price it makes perfect sense for them to buy-back.. all looking good to me.