Proposed Directors of Tirupati Graphite explain why they have requisitioned an GM. Watch the video here.
To provide shareholders with stable, long term, inflation-linked income from a portfolio of Social Housing assets in the UK with a particular focus on Supported Housing assets.
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Why is it languishing in the 50s?
Looking pretty solid and hopefully interest rates will come down slowly now which will support property values. Looks a decent bet and with excellent dividend returns (over 9%) paid pro rata quarterly this an attractive investment.
A well-written ,informative report.Positive detail on MySpace in the next few months and a fully covered dividend should underpin a gradual share price rise.
Can see this heading back up to the 70p range now GLA
Good update - nice to see that the 9.7% divi is secure and looking good going forward
It’s the only one in my property watchlist that’s still below the added price. When I added it the price was 64p. I feel it maybe time to take a position. I’ll read through the results, but as you say looking good (better).
Dividend now fully covered,and they expect cover to increase over the coming year.
A lot to read, but looks good to me.
Are we heading back to the 60s with the prospect of future dividend increases?
Are we headed back to the 40's with a dividend cut to 4.7p in the offing, as flagged up by the BOD?
I've bought back in today after a break and just seen the RNS of 13 November.
£31 million cash and Parasol paying all rent due - I'm guessing that doesn't include the arrears yet.
They are moving certain leases away from MySpace to other providers which I think is excellent news.
Personally I would think a dividend cut is very unlikely as they have the 7£ million property sale money and should have more income from rents with the rent increases in HY2.
Hopefully they've started getting rent arrears out of MySpace and Parasol. If not surely it's time to move the leases on to other providers, especially MySpace.
If they have started getting the rent arrears results should be very good.
Think that is wrong company, thought an update was due today
Soho House & Co Inc. Announcement
02/09/2024
LONDON--(BUSINESS WIRE)-- Soho House & Co Inc. (NYSE: SHCO) (“Company”) today issued the following announcement.
Soho House & Co Inc. fundamentally rejects the recent report published by GlassHouse Research, which contains factual inaccuracies, analytical errors, and false and misleading statements, all designed to adversely impact the Company’s stock price for the benefit of the short-seller. The Company was not contacted for any comment or clarifications prior to the report being released. The Company is confident in the strength of its business and is focused on executing its strategy.
The Company will be reporting its 2023 results on March 6, 2024. At this time, the Company expects its operating results to be in line with the guidance issued on November 10, 2023. In addition, on March 6, 2024, the Company will issue full year guidance for 2024 which will demonstrate the expectation for continued growth in membership, revenues and Adjusted EBITDA, as well as positive Cash flows from operating activities.
Members of the Board and their affiliates (collectively, the “Insiders”) own 74% of the Company’s common stock outstanding. Since going public but prior to the formation of the Special Committee described below, the Company and Insiders had been active purchasing shares, acquiring 11 million shares, or approximately 6% of the outstanding common stock of the Company at a weighted average price of approximately $6 per share. The Company announces today that the Board has approved a new $50 million share repurchase authorization. As of the last reported quarter-end, October 1, 2023, the Company had $163 million of Cash and Cash Equivalents (including Restricted cash) and an undrawn approximately $90 million Revolving Credit Facility.
The Company also announces that in the fall of 2023, the Board formed an independent Special Committee of the Board to evaluate certain strategic transactions, some of which may result in the Company becoming a private company. No assurances can be given that the Special Committee’s assessment will result in any change in strategy, or if a transaction is undertaken. The Special Committee has engaged legal and financial advisors to assist it with its review. The Company does not expect to make further public comment regarding these matters unless and until a specific transaction or alternative has been approved or the Company otherwise concludes its reviews.
Forward Looking Statements
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this release that do not relate to matters of historical fact should be considered forward-looking statements, including, without limitation, statements regarding our expected financial performance and operational performance for the remainder of fiscal 2023 and 2024, as well as statements that include t
Any reason why the share price is looking weak just before the dividend announcement? Are we expecting a cut? I haven't seen anything indicating that.
GLA
Nice to see a LTH averaging down. Lots of people loosing their minds with this thinking they'd never lose. This is the way tondo it. Wait it out and buy more.
As peter lynch says most people have the brains but they don't have the stomach.
Made what I think will be my final top up here yesterday - now average downto 71p which I think will become profitable and yielding well.
My biggest buy was 46.89p 47.12p,over 400000,im very heavy here, to me if it goes up 3p a year for nxt 25 yrs I'm very happy reinvesting income divi..
I suspect this will be gone, bought out by a big income fund.
Yeah, shame this absolute bargain is disappearing. Managed to fill up but now will wait. I said I'll buy with all I have under 60p. Annoyed I kissed the recent dip to 49p but I am short on cash right now :(
Nice progress, undervalued.
Still a good buy, I note on my l3 there will be resistance at 67 and 71.43p.
Decent rise today,sentiment improving,normal service resuming next year hopefully!
Geld, ha haha ha ha ha haaaaa.
Not going well is it 😛
I want more cheaper. You lot keep making it go up lol
As I've said in past,this shares dividend is superb, as my previous, this is a Takeover as I said before at £107p,imv the NAV imv should be 83 to 89p.
Strange how they stated 107p,year ago now it's at £108p.
Great income share for a buyout income fund.
Good summary tickhilltim.