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never mind, lse seems borked.
auction?
Institution selling out over last few weeks. They weren't selling less than 51 for a while, but they obviously need out by today.
dam, I was hoping to top-up around 50p when the div was dished out next month. Oh well. :P
Unfortunately I didn't have the means to pick any more up when it plunged to 50. Anything less than 52 is >4%, which is what I'm targeting. I think its very possible we'll see a drop below 50 ex-div and then a recovery through to the mid year div. This share seems to go through phases of some big players buying and selling, no doubt there will be another opportunity.
Dilution was 1% since may, Right off was charged to profit. So yeah, earnings was probably a miss, even adjusted. There was also no progress (y/y) on improving margin either. I wouldn't be surprised if this drops back to the 50 handle, ex-div. Still, intend to hold for long term.
Nothing desperate about it. You have a growing company with multi-year contracts with big names dishing out an ever increasing yield. He, like me, is probably in @50p.... 4.4% yield next year, thank you. Sell what you have, short it... I don't care. You just lower the yield on any new long position.
Yield for the final year div will be 2.2% @ 60p. May drop ex-div - mid april. In a world of creeping NIRP, cash is king...
No, it said their full year trading would be inline with their expectations. Asset write-off is an exercise in accounting and your first look at the accounting is in the preliminaries. A "... £21m non-cash, impairment of goodwill" = purely a book exercise, now that an intangible asset (brands, logos, ideas, patents) no longer has value. You bet on the back of someone's advice (someone that probably has a much lower average btw...) and now you've flip-flopped from Strong Buy to Strong Sell.
These are the preliminaries... you want a Pre-Pre-Results?
Everything is positive except for the goodwill write-off of £21m; resulting in an overall(pre?)-tax loss of £13.2m. So asset wise, the company made a loss... cash wise, we're up and the dividend is up.
Well my yield is 4% so I'm not complaining. Revenue is racing ahead, div is up and they're generating free cash. A right off from more than 15 years that reduces the tax bill...
Improvements in operating margin would be very welcome.
start to a monday morning. O.o
They've got some good long term contracts on the go; I'm happy to have these in long-term ISA. They just need to start improving the margins, getting some kind of synergy between the different groups, possibly merge buildings where possible to reduce capex.
Sincerely doubt "signals". More likely one of two explanations; simply balancing the books, or artificially raising or lowering the open/close price.
Its amazing... £3m to invest in a hydro dam and 4 years later they still haven't done so. AMAZE.
Maybe, looks like it triggered auction for moment.
BlackRock covering and this has gone down!?