Member Info for Cardinal3

Over promise, under deliver. At least we have realism in the accounting function.

For a company wanting and needing to spread the word it is odd that their website financial calendar has no upcoming dates- 'TBD details to follow' is all it says. You'd think and hope they had their act together by now on this type of issue.

Chid makes great points. I would add that it’s not in the best interest of UK banks to make what the govt and opposition might see as excess profits so I am assuming divi rises will be well within inflation levels, assisted by write downs of potential loan losses.

Morning Adewins

I think you will find that govt sold the shares via placings so the number of shares remained the same but with different shareholders. This is an assumption on my part. Any reduction in the numbers of shares in issue will arise from buyback programmes as the shares they buy are then cancelled.

Jcj

'I will rather go broke than sell at these prices.'

Really? Exaggeration I hope.

I'd prefer a dual listing :)

But until they make some profits and wash though the the acquisition-related expenses it won't happen.

Most got it badly wrong. Just think of those owners of firms Sfor bought out with locked in shares. I wonder how motivated they feel now.

As someone involved in this process I am finding that there is a huge shortage of available properties which local authorities can rent for its people. This is partly due to landlords selling up due to the tax costs rising and also because government sets a Local Housing Allowance which is intended to put a lid on rents. This is the maximum level at which tenants on housing benefit can claim- anything above this is at the cost of the tenant or the council. Social, or what used to be called council tenants, aren’t often able to find that money. On top of that we have empty homes which councils can do anything about as it’s a national govt. issue. Second homes or homes under probate, for example, may be empty in some senses but can’t be used. Bishops Avenue in north London is an extreme example of buyers, mainly foreign in those cases, buying up mansions sitting empty for donkeys years. It needs action in my view.

ZYX

If I had any understanding of what you've said about technical stuff I might agree with you. However, as it is I'm blinded by it all.
And there was I innocently thinking all it is is a drill digging a hole in the ground yet what we appparently have is collars, DST strings, shoe tracks and velocities, none of which makes any sense to me. It sounds very clever though.

zac
otherwise known as 'total return'.
Share price has been disappointing for a while now and with dividends the total return has been more or less flat.

With government under pressure from all sides on finances they might be pushed into taking another slice out of banking profits if dividends go up too much as they would see it as excess profits. A decent increase is good as it desnt stand out but doubling dividends would send out a signal that banks are making too much.

SB the problem is that once reputations are trashed it’s hard to climb back. We had the shambles of the audit which raised questions of accounting controls, the determination of the CEO not to do any more deals at under 425p which put a lid on growth and the evident failure of one acquisition. Then the unnecessary and egotistical RNS telling the world the CEO he been going through medical challenges as if shareholders already knew but no RNS till after the recent press conference to say he was back at work. Even then there’s uncertainty as he is having to slow down a bit. And a whopper has been lost. All of which leaves me wondering what else we don’t know about. So the next update will be rather important, particularly as markets are very competitive and economies looking less rosey.

I’m a long term holder for the dividend but am re-assessing whether to automatically reinvest the div this time. This is partly to spread the risk as it’s one of my biggest holdings but also looking at the share price over 5 years it’s in negative territory. Each of the re-invested dividends over the last couple of years is also in negative territory which is disappointing.

Sting

I was thinking the same. People sometimes go into technical details which are lost on mere mortals, like me from example, which gives an impression of expertise but in fact is a load of bunkum. The information might be correct but it helps nobody as we don’t have the knowledge to make sense of it.

I noticed this due to an upgrade from a broker.
While I agree that things are looking more certain the govt is still clarifying policy so the road isn’t at all clear. I keep reminding myself that CEOs are often experts in positive spin, especially when it comes to mining or exploration, as they will need to tap the market for funds in due course and they need us to believe in them.
So I am in the ‘don’t know’ camp but will keep an eye on it until there’s more certainty about the projects , funding and govt involvement.

Hi Primetime

It is frustrating that the 50p is a glass ceiling at present. It's my biggest holding so probably looking to use the div elsewhere rather than reinvest automatically. Too many eggs in this particular basket. We do have the Q1 numbers on 3 May which will be useful to give the SP direction.

Any chance of giving this pointless circular argument a rest? We are in 2023 not 2019. Life goes on for most of us.
Thanks.

Nige
I can't see any reference to short [ositions on the LSE list or in the box at the top of the page. Where do you find your information?

Good to see the share price eating into the xd price. Without the xd we would have been over 50p. Very encouraging.

LTI
A final div is only a debt due after the scheduled payment date, not at the date it was approved at an AGM.

From LexisNexis
'Once a final dividend is declared (ie approved by the shareholders) it becomes a debt that is immediately due from the company to its shareholders, unless the terms of an approving resolution provide for it to be payable at a future date, in which case it becomes a debt due only on that date. Once a final dividend has become a debt due, its payment can be enforced, meaning that the shareholders have a right to sue for that debt, if the dividend is cancelled.'