Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
All I would say is that margins on electricals are tough. History is littered with the Comets, Lasky's, Rumbelows etc. Look at Curry's share price over the past few years. I would have thought there would be a hundred better things to diverse into, but maybe BT know a lot more than me about the market.
Https://www.petrofac.com/investors/financial-calendar/
Says 20th here
Sorry if this is massively out of date:
https://www.rolls-royce.com/media/press-releases/2019/07-03-2019-rr-delivers-hundredth-trent-xwb-engine-from-dahlewitz-germany.aspx
Hi Gavster
From the RNS Dated 1st September 2023:
Completed >120,000 upstream surveys, with a post-inspection no-leak rate on ~97% of assets
https://www.lse.co.uk/rns/DEC/interim-results-for-the-6-months-ended-30-june-23-klha8iw5bv5lzag.html
I would have thought that any long term investor (not trader) would be very happy with an average of even your 267p, I know I would. We all moaned when this share was at 350p (17.5p in original money) and carried 1.5b (ish of debt), it seems insane to me that the government is prepared to damage this successful British company. I can't remember any offers of handouts of support when oil/barrel prices where around the $20 mark and companies were struggling to survive.
Https://www.lse.co.uk/rns/HBR/share-consolidation-and-total-voting-rights-7wi9g01nglcq6l1.html
So since the share consilidation back in June 2021 around 150 million shares have been bought back and taken off the table.
Had the company during the last period of buybacks ($200m or £160m) paid an average £3.00 per share they would have taken 53.3 million shares off the register, at average £2.50 it would be a clear 10 million plus more at 64m.
With company debt now well reduced, and the share count to be around 770m by the end of the latest buyback I wonder whether the company will maybe announce a $200m dividend and a $100m buyback next time around.
Would certainly set the cat amongst the pigeons.