Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Notrex, re not trusting Rusty's word, I don't believe it's being ignored that he's broken promises. He probably meant what he said at the time, but in business, as in life generally, one does what one has to sometimes even if breaking previously given promises. It's part of life and certainly more so in Business and Politics !!
I believe he did what he needed to given the changed circumstances from when he promised to preserve the dividend amount when the share price was much higher.
HappyRob, thought I'd glance on here after another down day !! Maybe you'll change your name to SadRob if it drops much more !!
Let's hope some financial results are good enough to kick start this xxxxx !!
Ah RogueRiver, you're missing how better a wash your clothes get using Persil and how nicer your hands feel after ysing Dove soap and how delicious a Magnum tastes on a hot summer day !!
Greygeorge, tbvh if this DEC is a con, as you call it and say I can't see it, then it is a very very small one relative to the major con of human existence. Without me getting too philosophical here why don't you instead reflect on what all the so-called religious documentation says about how wonderful life is here on Earth v the Reality for most, hints currently are Gaza, Ukraine, Afghanistan, Yemen, Syria, many parts of Africa, UK poor, drug addicts... !! How many recognise that CON when bathing in the Ganges, dying for their "god", etc...etc.... Tbh the whole of existence is very much a CON, a game for the gods !! You can guess I'm a strong Monty Python fan !!
No greygeorge, have enough here as part of my large portfolio. Large gains made elsewhere, eg Defence, so being down on DEC just part of the course as not every share is a success !! However, anticipate share price growth over next 5 years. Div cut was necessary to shore up the Bal Sheet and probably expedited by the unavailable illegal Tender option.
MrG123, imagine it's Income Funds dumping, but surely a future div redn was already built into the price ? The strategy is best for DEC and will reap future benefits after this short-term adjustment. Rusty is also a significant stakeholder and has more to lose than myself certainly !!
Yes Salty1Pete, very much a core portfolio component.
Has it been signalled at all how the Ice Cream Division will be separated from the rest ? Maybe floated off as separate business (thus Demerger), sold off as a ULVR asset with proceeds initially to ULVR with maybe later BB or Special Div., etc... ? Thinking more from a tax stance.
Alessandro, let's hope they get the minimum statutory redundancy only especially if near to retirement age because it'll still give them more than working till their retirement age probably.
Moneybox07, as the 15% US tax is deductible against UK or most other country's taxes then the Gross Div % is more relevant, even if a UK tax resident using the div tax allowance then marginally the Gross % probably more relevant unless one has no other div shares.
Rusty has done what he felt he needed to do in best interests of all stakeholders. Surprised at Tender Offer mistake, but US tax is in a class of its own which I know from experience !!
Mandysrevenge, interesting perspective. By the way, noticed your full post has only lower case letters (even names!!), and presumably you do realise that there is a Capital letter option for people's names and start of sentences which make a post easier to read ?
Yea Pennylots, why doesn't BT simply give rural communities the choice like most other prods and servs ? Obviously have it formally contracted, to cover them, but let them decide and the Regulator would then 'have to' agree surely !!
Redbluerhino, why doesn't Bluebell or someone else find some courage and name those against BP's current green strategy ? Lack of proof, afraid of litigation afraid of losing buddies in the fund mgr field ?!!