Member Info for Divihunter112

Looks like annual surplus of at least £118m - £230 m Q4 forecast plus Q3 £203m less £316m HY loss.

With net debt at only £196m could there be a small dividend of circa 7p (previous policy was 50% of headline profit before tax) or a share buy back? Either option (or both) will push the share price much higher.

Given the increased number of shares with the rights issue, 2024 dividend should be at least 30p - hopefully higher as Q1 24 forecast is promising and holidays revenue will hopefully keep growing - any thoughts?

Personally I think it's 'Be greedy when others are fearful' time. Should be 60p dividend this year to tide us over and mortgage rates are already being cut even with at least one more bank rate to come.

As soon as the bank rate starts dropping and the dividend starts to grow this current share price will be a distant memory.

I've previously had BDEV and TW and I'm concentrating on PSN as way more upside.

GLA

Good move @Stille

Hi

I've bought GLEN for the first time today. I was surprised no stamp duty on a LSE share so I assume I'll pay overseas tax on the dividend - grateful if someone could advise.

Agree on Motley Fool - they ain't got a glue.

GLA

Declared 2023 :dividend is actually 33.4p so 8.88% based on today's silly share price.

No share buyback at HY but Ms Blanc is probably itching to announce another one at FY. If this happens it will soar as per last year.

GLA

Also higher production equates to higher dividend which should increase the share price.

I've had a look at the HY production forecasts and made some rough back of the envelope calculations at current prices. I've taken the average forecast which is probably conservative.

Two main growth areas are copper and coal. This equates to an additional $2.414b or 15.4% higher. Copper top end forecast is an additional $408m higher.

Analysts project copper price to increase as inventories much lower than last year so actuals could be higher.

Any thoughts?

GLA

Codelco has recently announced reduced copper output in second half 2023. Now 1.31-1.35 mn tonnes forecast down from 1.35-1.45 mn tonnes. That will help push up the copper price for the rest of 2023. Just need positive news out of China and happy days.

Financial shares usually dip in late June/July - this is when they should have been buying back shares - not rocket science. Could have bought back about 6 million more shares if they had waited.

Q1 update showed continuing growth and I reckon Solvency ratio should be back to circa 212% at half year.

As Ms Blanc has previously stated that any capital above 180% will be used for M&A or shareholder returns and it looks like Aviva hasn't been shopping since Succession Wealth, I reckon they will announce another share buyback at FY on 16 August - thoughts?

28 July 2022 394

9 August 2022 414.3

10 August 2022 results 464.9 after announcing anticipated share buyback to be announced with FY results.

With Solvency currently at 196% after paying final dividend and completing the share buyback every chance they'll do it again on 16 August.

@AllAtSea excellent purchase on a dip. I bought back yesterday at 3.98 and I'm holding till results.

KBW broker downgrade. Just sit tight till results in my opinion.

ATC

I think Johan comments about the number of ATP strike days has been badly received. Let's hope it's not that bad in reality - just get through rest of July and August relatively unscathed and share price will recover and then some - especially if they announce a dividend payment with final results. Wizz Air down 2.76% today so hopefully this is just one bad day.

Thanks @Fume

What's the percentage of the shorting?

DHL (the Easyjet baggage handler) has called off the strikes after improved offer. The other handlers still in strike.

Now cleared for take off on Thursday 🛫

Thanks @Stille - I have to get as good as you on the hangar refills!

The Heathrow security strikes were announced on 2 June and were due to start on 24 June.On 12 June Unite postponed the strikes after receiving an improved pay offer that the members accepted. So the good news is that Unite will postpone strikes if they got a good offer. Hopefully that happens in Gatwick mega soon.

Just read that Unite has a strike ballot closing on 31 July for the other baggage handlers working for Gatwick Direct, Red Handling and Wilson James. Talks are taking place with DHL, GGS and Menzies with Unite this week so let's hope this gets sorted soon - preferably before Thursday.

Barclays has today raised its target to 620 from 580.

Just read that Unite came to an agreement for Heathrow security staff just before th e strikes were due to start in mid-June so hopefully the same brinkmanship at Gatwick.