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Kazza
Unfortunately not - an alternative thing to do, if you don't need the money urgently, is to change you dividend preference to reinvest and then after 3yrs they are tax free and you can then sell them at the full value
Leas - I agree. I think this was a driving force when the BOD were making decisions about what to do with the Asian sale money. If the dividend payout increases and we become a 4-5% yield stock then we become very investable for the big ii’s - especially as there should also be organic growth in the SP purely based on trading performance
Is surely now how much of investors SP will be reinvested on or around feb 26th? If you consider £0.51 has been given back to shareholder if 50% of that gets reinvested then we could see the share price at £2.70 by the end of next week / early March
Stretch
I don't think the refinancing is 'inevitable' as you put it. If that was the case then the banks would have approved it within the timeframe previously stated. I hope i'm reading it wrong but i would suggest the banks aren't happy with TLW proposals and have asked them to go back to drawing board and come up with something more plateable IMHO
Timmy
I've never shorted a stock in my life. I didn't realise that to be invested in a stock you had to post on this board - apologies!! What a joker. I'd love this stock to jump next week as a LTH but i just think blindly saying week in week out that it's going to rise because of xyz is just nonsense and has been proved inaccurate more times than i care to remember
Timmy
The amount of posts on this board that include the line "i wouldn't want to be out of this on xxxx" is laughable. I've been invested and followed Tullow for the last 4-5yrs and there are very few people who actually have a genuine, intelligent view - most ppl spout the usual rubbish like the aforementioned line....IMHO
Rosewall
I agree in principle and I have saye from the previous year that matures on March 1st at £1.68 so any increase in the SP is welcome but I think what you will see is a drop in the SP when the special dividend is paid and then a return to a similar SP once the consolidation has occurred - therefore meaning your saye holding and value remains the same as it was pre consolidation.
@LG4444 I suspect what will happen is that the shares you hold in the saye will not be consolidated as they don't qualify for the dividend and therefore will still represent the same value post the consolidation.