Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
It's quite obvious that they will soon be back in profit and divs. The 2022 problem happens to all insurance businesses from time to time, it's the nature of the beast. Just bought a fresh trance meself and fully expecting a large jump in SP as soon as the less erudite understand this.
Seeing as the yield is presently around 7% and not the figure shown here I am surprised that the SP is not considerably higher following the excellent pay outs recently.
One has to remember that Wickes is principally a retailer which means that if they are carefully watching their margins, they will be adding to their cash balance day after day. They do have some borrowings but it looks as though they are steadily reducing that as well as doing the buy backs. With good management this business will look a whole lot healthier in another 2 - 3 years IMO, which could be the reason for Chelverton's interest.
Yes and I heard that some nerk from Motley said he would't buy NWG; well he was wrong n'est ce pas. Not unusual with Motley in my experience; years ago I imagined that they knew what they were doing for some unknown reason.
Of course we know when the next div will be, have a look here:https://www.dividendmax.com/united-kingdom/london-stock-exchange/banks/natwest-group-plc/dividends
Sorry but you can't find out until it's officially announced because it's against stock exchange rules. Expect to read something in the RNS early next year - possibly late February. In 2022 they got hit by the costs of some major disasters which does happen to insurance companies from time to time and thus were unable to pay any dividends.
What kind of driver are you? I have just been quoted £325
Ahem, the "yield" depends on the SP which you personally pay and not published numbers. Why doesn't anybody understand this? So if you buy at present and they carry on with their recent divi record you will be getting at least 9% thus making so called bond yields look a bit poor. Personally I have gotten around 12% over the last three years due to buying a low priced nice packet when Boris's stupid covid panic was causing market silliness
They don't usually mention dividends this close to year end in my experience.
I wrote about a year ago that they would be come back kings because that is often the nature of the insurance business and contrary comments were written about "poor management", etc. However many people do not understand the insurance business and believe that it should perform like a supermarket. Well it never will and it will always be what I call a switchback business because it so often has to deal with natural disasters and the nutty behaviour of the human race which cannot be "managed" like a retailer or manufacturer. So once again everything is going swimingly and the SP is rapidly heading north.
There was no covid "tragedy", why do people believe the rubbish dished up by the media so easily. I do acknowledge that some old folk died but that happens all the time sometimes it's flu and sometimes it's pneumonia as in my dad's case but that is just the nature of things as we all die of something. Do you not realise that covid went to Africa where there was no useless vaccine available to most but African leaders did not get into a panic and the vast majority their populations survived. Covid is still here but the panic caused mainly by so called scientists and dumb politicians who wasted a lot of our money and closed down businesses has ended because folk decided not to bother anymore than they do with flu.
If you have been around for a bit like me (80) you know full well that the stock markets do really stupid things at times for no logical reason. When idiot Boris's covid panic began a while back my son noticed that Lloyds dropped of to around 30p, turned to me and said that does not make sense unless covid is going to kill millions which it probably wont I am going to buy. He was of course quite right,we still have covid, most people survive, Lloyds is still in business and my son made himself a small fortune
Seeing as the yield here is 7.4% and not the 2% shown and likely to soon be higher as a result of the ongoing buy backs, this share is currently well underpriced. I will be adding more as soon as I have cash available.
Yer average actual broker knows diddly squat about where SP's will go in the future because a situation can arise at any moment which will have a significant effect in the minds of dumb investors. Covid was a typical example a three years ago when some people I know ignored the dumb panic and bought some nice packets of shares at knock down prices knowing full well that there were not going to be millions of deaths.