RE: Annual report6 Sep 2021 10:22
@ashikshetty1
"THEY WOULD NOT BE MENTIONING THE DIVIDEND IF TEMPORARY PRODUCTION ISSUES WERE A CONCERN"
Plenty of FTSE100 companies use their dividends to distract from bad news and shore up their share price. I'd be careful using that kind of logic to make buy/sell decisions.
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@toptiger
"It's not producing though is it ?"
I presume that SLP's equipment isn't running at maximum capacity 100% of the time. Any backlog of work can, presumably, be made back at a later date?
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@stoodio
"Yes, it's raining money :)"
The dividend is welcome, but it will take a long time to regain the capital 'losses' via dividends. I won't be popping the corks until we're past 150p - if we ever get there!
"That price movement the last 2 days of last week, dictates to me that somebody knew there was a sexy divi on it's way"
I've been heavily criticised for suggesting Mr Market was party to information, that we weren't, when the share price was sliding. If you think this is the case, then it would also suggest that a falling share price is a signal to sell because 'they' know something you don't.
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@LunaNera
"We had a top up opportunity around 84p!"
Indeed we did. I don't really 'trade' shares because of the bid/offer spread and a belief in long term buy and hold, but SLP seems to have fantastic swings, if that's your thing.