Blencowe Resources: Aspiring to become one of the largest graphite producers in the world. Watch the video here.
"...Good for clients, good for staff, ...."
Indeed. And the rub is that neither reduced fees nor higher remuneration seem to be working. If AUM continue to decline over the next quarter, I fear yet another cut to the dividend in April.
Roxi: "However this has nothing to do with GKP apart from the effect it has on the rising oil price"
Quite so. IMHO this is not a useful place to express views on the tragic events. Those who wish to let off steam are welcome to write to their MPs, national and social media or whoever, where (who knows?) they might exert some influence. But please let's keep this GKP chat on subject.
Relax :)
If you're in for the long term for the dividends, the SP is irrelevant. Provided the dividend isn't cancelled or drastically cut, of course - and that seems unlikely given the cash generation. Of course, if you need to recoup your capital investment within 5-10 years you may have to crystallize a loss at some stage. But, personally, I wouldn't put money I might need in a few years into equities, especially when instant access accounts are offering 5%.
In practice I believe the main (if not only) beneficiaries of buy backs are the Board members, whose bonuses are linked to share price performance. The theoretical advantages to retail shareholders seldom seem to be realized in practice. Personally, I'd rather have dividends and enjoy the option of investing them elsewhere if I think that is where better opportunities lay.
Paul Weir also added that there is "no clear line of sight on when either pipeline exports or payments will restart".
To paraphrase John Maynard Keynes, politicians can remain irrational longer than we can remain solvent.
anyoneforcricket your suggestion is tempting but imho would run the risk that companies taking a hard line would be squeezed until their pips squeak, if not excluded altogether from future contracts. Lacking geographical diversification, I fear that GKP doesn't have much clout in these negotiations and may have to accept whatever it gets offered.
Thank you LOTM-13.
I understood that Lord Ashcroft, holder of 62% of shares, announced last year that he intended to explore options to sell his holding. I haven't found any updates on this but, given the size of this holding, it seems possible that the sale could result in an acquisition or merger.
Although the GKP sp has not (yet?) fallen as far as I feared, it seems to me that the statement put out by GENL had a slightly more reassuring vibe than that issued by GKP. Might that explain why GENL sp has fared better thus far?