Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
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Folks happy to buy above the odds on the tiniest of drops. Market booming. Will the mystery buyer(s) step in again...
LONDON - (Sharecast News) - UK stocks are expected to rise for the fourth straight day on Monday as investors shake off recent concerns about monetary policy tightening and geopolitics ahead of a busy week for economic data and corporate earnings.
The FTSE 100 is being called to open around 70 points (+0.9%) higher than Friday's close of 7,895.85 as it continues to edge closer to the 8,015.63 record closing high reached earlier this month.
The economic data schedule looked relatively light on Monday, with eurozone consumer confidence and the Chicago Fed National Activity Index the only major releases of the session. However, things will pick up later in the week as US corporate earnings get into full swing, along with some important economic indicators. END
It certainly is. I'm never complacent, but . . .
Going from strength to strength the question still remains who is the buyer
Whether they go down the route of share buy back or special dividend or a combination of the two we will wait to see (assuming we as share holders approve it :-) )
Thought so. Thanks.
Yes it is it gives permission to the BoD to buy back up to 10% of the current share capital.
Did everyone see the notice of AGM and resolutions? Is the penultimate one about share buyback?
I cannt find the article would you be kind enough to post the link
Thank you Mr Goldsmith
Successful investments include Aim-listed energy company Yu Group, which the trust invested in six months ago.
'It is way ahead of rivals in terms of customer service,' says Williams. Its shares are up more than 20 per cent since the trust bought into it
Extract from the daily mail article on the 4th April
You may find fund managers are buying this for the funds one such fund was Divi which bought this a couple of months ago and are holding a 20% profit all ready
Back to the crazy displayed spread again. Strong buying again this morning, £20 looms.
Not much resistance at £19
It will sort itself out it’s like tempting sellers thinking they are getting a bargain @ 1855p
They are just being hoovered up
One way or the other it will break out of the blue hopefully to smack through £19
Very odd a buy just went through at 1875p 5p higher than the ask.
I just don’t get it
I have been wondering the same as well, SP1.
The murky world of MM's...
I wonder how long this share price stupidity will continue. 1800 quoted by HL as the sell price yet a dummy sell was valued at 1852. Above is also showing at 1800. What is going on?
Thanks again for the info.
Good problems to have whatever they eventually decide to do. Exciting as AGM/TU approach and I can see continued interest as new ISA allowances arrive before the ex-divi date end of May.
Technical correction - group reserves are £34.855m, but the 'company' reserves' are only £22.318m. It is the underlying company which pays dividends etc, and which needs enough reserves to cover the dividends! So distributable reserves will be roughly £34m once the share premium account is cancelled, and £28m once the interim dividend is paid. See page 80 of the Annual Report.
Sorry Dave. No can do! Reserves are £34,855,000 plus share premium of £11,909,000, so say £47m. They are clearly hinting at distributing some (or all) of the share premium total. I think we could cautiously pencil in about half of it, which is around 35p per share. Not forgetting, that if 2024 eps is at the 300p mark (NG points out it could be higher), then at 3 times coverage, there's another £1 in dividends for 2024. That then leaves a good £2 per share spare, for then another special dividend.
Basically, going forwards, they can afford annual dividends of at least £2 per share (normal and special), so we are on a dividend yield of roughly 10%. (Assuming no acquisitions)
Website now shows the AGM date on their calendar, and indicates a 'statement' - presumably a TU.
I went a bit dizzy when he said they could do a '£5 divi with all that cash if they wanted to and that would be transformational'!!
Https://youtu.be/JAMsDqLW7sk?si=nY6GI_iupC6LMaqc&t=3259
More coverage. Not all fully accurate, but still it all helps the cause!
Thanks seconded - 2024 looks to be unfolding very nicely indeed.
GLA.
Yep, def £18.75 on my IG account.
I've noticed they often act strangely here, Vox markets and even the one on the Yu website.
I'll trust the one that has my p/f!