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The final dividend last time was 14p
So a final dividend for 2023 of less than 14p will be a cut in the dividend
And when are the final results due anyway?
The Serica website does not even say when the final results are due
They do not seem to be very concerned about their shareholders
Tammov
Londoner
Tornado
You have all gone a bit quiet
Do any of you have any thoughts on the recent large fall in share price?
Is it a buying opportunity?
And what do you think about these reduced forecasts?
Do you agree with them?
Do you still expect dividends of $200 million for 2024 and $300 million for 2025?
And which oil company do you prefer as an investment?
Ithaca, Serica, or Harbour?
Steph
Why is GROW the only share that you are interested in ?
Do you not think that it is sensible to have a diversified portfolio instead of being 100% in Venture Capital ?
GROW has fallen by about 80% in recent years and so it has not been a good investment
Or what about investing in other VC companies ?
If you are only interested in VC do you not have any interest in diversifying in to some other VC companies like Augmentum or IP Group ?
Anyone know why there was such a large fall in the share price today?
And how do people here see the valuation of ITH when compared to other UK oil companies such as HBR and SQZ ?
I am interested in oil companies with good dividends and ITH/HBR/SQZ all seem to have good dividends at present
The obvious question though is will their dividends be maintained or increased in the future or will they be reduced
So do people here see ITH as better value than HBR or SQZ ?
I have also looked at BP and Shell but their dividends are less than half the dividends of ITH/HBR/SQZ
Why are the dividends of BP and Shell much less than ITH/HBR/SQZ ?
I am also interested in Var Energy as the valuation looks quite inexpensive
https://moderninvesting.substack.com/p/var-energi-norways-dividend-monster
CT’s Moss sells out of ‘uninvestable’ Close Brothers
Columbia Threadneedle’s David Moss used a short-lived recovery in shares of Close Brothers (CBG) to sell out of the beleaguered private bank.
The stock was the largest detractor in Moss’s £117m CT High Income (CHI) investment trust in February after it announced the cancellation of its interim dividend in order to start building reserves to meet potential liabilities from the Financial Conduct Authority’s review of motor finance practices.
Moss used a ‘small recovery’ in the share price to sell his position over the month.
‘The FCA review will not report until September and, as we are unable to accurately assess the potential redress payable from the review, we felt the stock had become uninvestable, with the cancellation of the dividend removing one of the key reasons for ownership,’ he said.
https://citywire.com/investment-trust-insider/news/expert-view-close-brothers-dfs-softcat-jd-foxtons/a2439360
Tamovv
You said that you expect the dividend to be reduced from $400m to $170m next year for a 9% forecast yield
But then you said that you expect the dividend to be reduced from $400m to $300m next year for a 16% forecast yield
So is $300m the correct forecast?
And why have you increased the forecast dividend from $170m to $300m?
And do you expect this $300m dividend to be maintained in future years?
Or do you expect it to be increased or reduced in future years?
Thanks
Why the huge 7% fall today?
And I wish the market had some of your confidence Steph
You keep saying that you expect it to reach new highs soon at over £11
Can I have a pint of whatever you are on?
At this rate of decline I will be quite happy with it reaching £3
It would not be very surprising to see OSB get taken over by one of the big UK or foreign banks
A decent premium would obviously be needed so the price would probably have to be over £6
https://www.proactiveinvestors.co.uk/companies/news/1042744/osb-and-metro-bank-in-spotlight-after-virgin-takeover-1042744.html
So basic eps of 106p excluding the interest rate adjustment gives a PE of 3.5
Dividend of 32p gives a yield near 9%
This will probably get taken over soon by Nationwide or one of the big banks at somewhere over £6
Karlo
That is the second time now that you have talked about “market report” without any reference or back up. Unless you have some evidence please stop spreading wild rumours.
There is no bid and no company will be interested in making a bid for a bank with an unknown liability that could potentially put it in to liquidation.
A very large Rights Issue for CBG is a far more likely outcome at the present time.
Stevo
I have been taking a closer look at VAR energy per you recommendation.
Just one question. Have you bought through a uk platform as I was struggling with ii and hl.
Var Energy trades on Euronext but not too sure if this is available on any of the main UK platforms. It should certainly be available with any of the larger brokers that trade European shares such as Interactive Brokers, Swissquote, Saxo, etc
Nothing said on these boards will change any share price and the suggestion that someone with a positive or a negative comment can do that is nonsense
You just cannot handle a slightly negative comment about a share that you recently bought