Member Info for contrarian123

I was twice employed by Centrica trading and British Gas services as an IT contractor. Always the so called engineers who are nothing but trained technicians following a script, complained about working conditions, pay etc etc. I have no sympathy for these moaners. They want a cushy number. They should get out in the real world and freelance if they think they deserve better. who works 37 hours and gets overtime these days.

If the engineers don't like terms they can go elsewhere - what is the problem? Could it be that they've had cushy jobs for years and now are reluctant to let go? Who works for 37 hours a week only these days and gets overtime. Try office jobs ...

A nice increase to the dividend today. Not much fanfare but a positive sign. Expecting IUKD to be trading closer to £8 by summer

Well looks like GCP are done for at least the next 5 years due to the increase in corporation tax and the new infrastructure bank setup by govt. Only hope is whether they can somehow co-operate with the new bank setup by the govt for infra projects. Future for me looks grim. I think next year will see a further curtailment of dividend. It has been cut by 8% from 7.6 to 7 I think it will be further cut to 6p. I also do not see how they can invest money they have without taking on some risk. Am I missing anything?

Hey Cliff I make it 62.1 M according to the below. In my simple mind they should have hedged knowing the volatility of EURUSD and EURGBP pairs. Why they don't seem to have is beyond my comprehension!

he Group further reduced its term loan by the repayment of $200m from the USD tranche in June and September 2020 (see Note 27 Term Loan). As of 31 December 2020, the total Gross debt13 of the Group was $901.0m and the total Net debt13 was $725.6m. The decrease in gross debt since 31 December 2019 is attributable to $(200.0)m voluntary repayment of borrowings, $(61.9)m of mandatory repayment of borrowings, and $(0.3)m decrease in lease liabilities, offset by negative unrealised FX loss of $62.1m on the EUR tranche of the loan.

I doubt it in a year. First they need to amass a fortune and some further dollars to be forwarded from dad's estate so that she can claim a decent settlement

It's not strange. He is "under the thumb" by a wife that craves the limelight and he also needs to earn dollars to maintain her lifestyle. He's been in my view since a young age constantly under the spotlight for many a times the wrong reasons and he is probably feeling a bit of an outcast (comparatively speaking to the other royals). This coupled with a wife that is a social climber / gold digger is an explosive combo. It's not going to end well when the media contracts dry up, which they will eventually.

Maybe so but I think what you are suggesting is probably a macro view. I have been in GCP nearly 3 years now and if it weren't for the dividends I would not be breaking even. The question for me is where is growth coming from? For the life of me I cannot see where they can lend money to increase returns or at least maintain existing. This is why I called it a dividend trap. Happy to be proven wrong. At the moment I am a very reluctant holder.

Every day that goes by and GCP is becoming a dividend trap. I thought there was a Bottom at 102.8 but it has breached that too. Could this have to do with the new green bond that the government is planning to launch?
Is there any future to GCP - Thinking of cutting losses and selling up.

Why wasn't there one in place so far?

DEUTSCHE BANK RAISES ITV PRICE TARGET TO 128 (96) PENCE - 'BUY'

Good on Chris O'Shea for doing this in just 3 months. All I hear is whingeing engineers. If they think they can find better terms they should set up as independents or go and work for Pimlico plumbers and similar outfits. As I have said in the past these are technicians who are trained according to a script. Real engineers are very few and can dictate their own terms. It's a tough market and Centrica as a volume business need to make money for shareholders who have been very supportive.

to my filter list - for posting spam

Nige
Do you know how a management buyout is financed?
Do you know what happens to shareholder value when BOD starts defending bids?

Roland is A regular contributor to the Motley Fool - Enough said.

Unrealistic targets for dreamers. Google him and you will find his portfolio a series of disasters.

Fair target this year is about 140p for ITV. I have also heard here or in another board that management are preparing to defend a bid. Of course they would not wanting to loose their cushy numbers...For me if I see any tricks in trying to make ITV unattractive to a bidder it would be time to bail out.

You are not making excuses JR. I came to this share very quickly this morning on results day and quickly glancing through while looking at charts etc got the wrong impression too

Thanks JR
I've taken some time to do my own digging and I conclude that the divi is 14.3 and that's it. The statement from the company is confusing:
"Final dividend of 14.3p per share making a total of 23.7p per share in respect of the year ending 31 December 2020. The total of 37.5p per share for the year includes an interim dividend of 13.8p per share in respect of the year ended 31 December 2019, which was originally proposed as a 2019 final dividend but subsequently deferred in the light of the COVID-19 pandemic."

what they are saying is that they have accounted for 37.5p dividends because the 13.8p was deferred but importantly paid later (I have checked records). Therefore the divi is 14.3p

Are you going through some VPN connection by any chance?

and what is the amount JR is it 14.3p or something else? I am confused from BA's results announcement

Have exactly the same question. None the wiser by either BA.'s results or the previous posters