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"The directors will therefore recommend a final dividend for the year ended 31 May 2018 of 0.65p per share, which is a 30% increase over the previous year. Thereafter, the board will continue to recommend a 30% annual increase in dividends during the three-year period ending 31 May 2021."
Consolidating on market gains made isn't so bad especially if they keep to the previously declared dividend policy which has 2 more accounting years to run. This isn't dependant on growth but we all hope they can achieve that too.
Their Blackwoods Vintage Gin is a quality product, it just doesn't have any artificial colours or daft flavouring which is all the rage.. but it is top quality and it will still be there when the current fad passes.
I would like to see their Blavod Black Vodka pushed in the UK, it does well in Eastern Europe and certain Duty Free's..
Along with RedLeg Spiced Rum, they have 3 decent 'brands' and they aren't burning cash.. they are ahead of last year and should still have around a million in cash at year end.
Interim divi should be around 0.364p
Are there any details available of the TVFB offer/plan?
I don't like the way ESL Board are squirming and seem desperate to force the Dbay deal... if there is an alternative it should be put to shareholders (regardless of who says it is or isn't viable).. With what's happened, I can hardly trust the ESL board to make the right business decision etc!!
I think Redde should have issued a statement similar to the one Centamin issued today.. Our cash flow and divi combining with Northgate debt means we should be valued higher than 46%. I see some business benefits but I wonder if the Redde board members salaries will be restricted to 46% value of combined board etc..
So, can I get some shares at 6p to help my average?
This feels more and more like a one hour special for Panorama.
Feels like Eddie Stobart have wilfully prevented Wincanton from being able to make a bid.. yet they are willing to do the dodgy deal with Dbay... doesn't seem like shareholder interests are being considered. And how does an historic lease accounting adjustment suddenly become poor cash collection and 'we need 50m quick'???? When these were last tradable everything in the garden was rosy... wtf...
I think the board need to have a word with themselves. This doesn't seem like a good deal for the company.. a better idea would be to get rid of Anoop the CFO and find some middle ground regarding lease accounting which allows them to rob HMRC but not give away the company and stiff the shareholders.
Make sure you do your sums... Lloyds divi looks better over a full year (i.e. Interim + Final)
Lloyds share price 60p, divi 3.26p = 5.4%
OPM share price 30p, divi 0.84p = 2.8%
Interim divi was 0.28p, final divi is 0.56p (goes ex-divi on Thursday 31st Oct)... not super massive but progressive... a 30% intended increase has previously been declared for next year.
Looks like they missed a trick with flavoured gin, I guess they've done well to still make a profit and at least the marketing and admin have been reduced proportionately. Looks like a number of new irons in the fire and RedLeg Spiced Rum still going strong so it's a hold for me... especially at this cheap share price.
I think the interested party (UBS) is declaring trading in Wincanton shares.
At the current (cheap) price it makes perfect sense for them to buy-back.. all looking good to me.
But they reserve the right to join the bidding if Dbay eventually make a bid? I think I'd be happy enough if nobody made a bid and the company was allowed to recover under the new management... need to see the interims to properly assess the situation. The debt has always been clear but need to know if the EBITA will be back to normal next year after taking a hit to straighten things out this year.
What makes you think that? Sure it could dip further short-term depending on the interims.. although competing bids for the company could push the sp up... and if no bids materialise then it's not like the company is in danger of going out of business.
So... Distil own and make RedLeg Spiced Rum (the one on all the supermarket shelves), they have a trademark for Blackwoods RedLeg Spiced Rum and they created the infusion recipe which makes it taste so much better than other spiced rum offerings. (Because it's the product itself as much as the name that sells).
Their Blackwoods Gin is also much better (smoother more refined IMHO) than other brands on the same shelf.
I don't see a problem.
There's no debt, they're making money, and if they would only stop blowing it all on 'marketing' there might be some left over to return to shareholders pending any worthwhile offer for one or more of their products from one or more of the big players.