Charles Jillings, CEO of Utilico, energized by strong economic momentum across Latin America. Watch the video here.
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It might just be that not all 3 major credit rating agencies have RR at investment grade. While S&P and Fitch have bestowed RR with investment grade BBB- [lowest level], Moody's is yet to confer its equivalent Baa3. There was a positive reaction when S&P got the ball rolling. Not much reaction following Fitch upgrade , but once Moody's joins the club, hopefully a further positive reaction.
Or just long holiday weekend and today we had the important US PCE inflation data released. The Personal Consumption Expenditure is closely followed by the FED. Good news, the core measurement was lower @2.8% than the previous month's @2.9%. Bodes well for a good US open on Monday and hopefully for RYCEY too.
Ask the Puddycat why it didn't take off?
The last upgrade took a few days to make any impact, wouldn’t be too concerned by the lack of action on RYCEY. It’s all going in the right direction and the pieces of the puzzle are coming together.
Next up, trading update and then AGM with divi reinstatement surely not too far in the future?
Charley 155, my thoughts exactly 🧐
I'm surprised RYCEY in America didn't takeoff yesterday afternoon with the fitch announcement! If it was at 4 pm our time
Could have been earlier just when I come across it
Welcome pacman! Thanks for the info
Think I saw about 530pm but couldn’t work out how to post. Sorry new here been watching for a while
Article was published at 4pm on Friday (12:00 ET) so I’d say any uplift in SP is yet to come, although it was only a matter of time, so potentially partially baked in?
Late yesterday there were 2 x £2m and about 4 x £1m trades showing. That seems a lot to me...
What time was this announced? Does anyone know was it after the bell yesterday the upgrade? The fitch upgrade I'm talking about.
I quite agree Svend. If only someone would have been saying that since 2020.... 🤣
In any event, the reinstatement of the dividend should have a waterfall inflow effect of investors' suits from the pension investment funds/trusts queuing up to get their funds loaded on board with the long-term demand on the horizon for the foreseeable future. 'Make Hay when the sun shines' springs to mind 👀
...unless they change their yield factor of course!
... in my humble opinion of course.
😂
Tufan/Armstrong will issue a 1% yield on current SP when divs are announced without mentioning it's a yield calculation.
So if it's £5 sp at that time, expect a 5p div.
"Dividend for 2024 at 2.23p"
Saxo did that back when it was 250 sp and warranted a 0.9% yield.
Easy for analysts to talk numbers with divs but yield is the only way to get to a true Div.
Current yield on RR being 1% for entry to divs.
I see Saxo Bank on their platform has already pencilled in a Dividend for 2024 at 2.23p which is interesting while Red Inky is predicting a negative news report come April 8. I guess it remains the usual caveat all smoke and mirrors until the fire is located and the happy easter Egg hunting continues. All the best and enjoy the time off with your families/friends.
*hear
Fitch was always the rating we wanted to hear from.
I actually didn't think we'd here this side of easter, so I'm wrong again!
Facts are, CFO at the CMD confirmed Divs coming back when investment grade was stable so we're now into Div territory.
I'm expecting 1% yield.
I'm expecting that to be announced at Q2/H1 latest.
That is perfect for all the 4's to align in April 04 starts and the SP hits 444.44 an all-time new high hopefully with this latest upgrade by Fitch. Job Done 👀
....I'd also like to thank my wife, my wife's wife, my kids, my kids uncles, my....
(Realised that previous post sounded too much like an Oscar speech but I'm very happy to be right for once!)
Fantastic new Mystic - a virtual high five to you for this data mate.
And yes, this is the turning point chaps and chapesses:
As solidified by the CFO in the recent CMD (and I paraphrase of course!):
1) Payback to shareholders will come after a solid investment grade is settled (and we all knew they were waiting for the Fitch rating)
2) Not only does the Fitch rating mean pensions can now invest without insurance issues, it means Divs will be announced Q1/Q2 (at about a 1% yield to start with in my humble opinion.... let's not be to greedy too soon!)
3) £7 come Feb 2025. Always has been from October 2020 when I first stated in, but I'll be humble. I'm a cat. What do I know? I find it hard to get into a block of really tightly wrapped cheese, so I'm not good at everything!
But a serious well done to LTH on here - Mystic for his/her continued awesome info (although we had some rough times there) and all those who believed this would be what it is destined to be.
Well done cats!
I think you’re getting a bit carried away, but I’d be pleased if you were correct!
What's the prediction next week?
I think this is off the scale or am I getting carried away.