Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
Isn't it amazing that despite all the gobbledegook which can regularly be read on these forums, every so often the "market" realises that some share prices have become illogically cheap and up they go again.
So yield of 8.47% as of today and they always pay dividends. Try getting something like that anywhere else today and you will have your work cut out. Sometimes the "market" behaves completely bonkers and that is often an opportunity to increase your wealth.
What folks often don't realise is that all insurers have a rough time occasionally due to major events beyond their control that's why they are made to have huge capital requirements by the authorities. However, once the "event" is over and paid for, they all get back to decent profitability fairly quickly. If this were not so, nobody would bother to be in the insurance business would they?
Great opportunity to get a bargain
Tinlid's numbers are wrong, current yield on this share is 7.7% based on the current SP. Thus 19.37pence/251.6pence x 100.
Technically overbought = garbage language of very doubtful meaning which fools some people. However if you are reasonably intelligence today's price is a likely opportunity to increase one's wealth.
Yes it was only ever a temporary problem possibly caused by a tactical mistake which every business suffers from from time to time. I read yesterday that the mighty BMW almost went bankrupt once for essentially similar reasons and so did Lloyds Bank not so long ago.
For anyone who might be vaguely interested, the dividends for the past year actually total 19.37p and thus the yield at the time of writing is actually 7.6%
Banbury, Think you must have been looking at prices during the witching hour as I call it. I.e. after 4.30 when the market makers are sorting things out before going home.
I simply cannot understand why some scribblers on here insist on telling fibs, it is completely pointless. Anyone can go to the HMRC website and quickly discover that the dividend tax is 33.75% if your income is over £50,000
Just hoping that this silliness will last another couple of weeks so that I can add to my ISA in the new year at a cheap price.
So, on current SP we have a very healthy 8% yield which togther with the huge retained earnings figure means this share is way under where it should be. I suppose the market will eventually come to it's senses, in the meantime, I shall be bying another sizeable tranche.
This reminds me of 2020 when my son was able to buy LLOYD s for 30p due to Boris Johnson's covid panic. "Lloyds is not going to go broke just because of a virus", he said and he was right; within months he had made a 50% profit.
Price of iron ore is roaring away but stll folk are selling, beggars belief doesn't it.
I know of no insurance business which will not take a caning occasionally. They are in the business ofpaying for folks' losses and every so often there will come a load all at once. Years ago I got involved with LLoyds syndicate which at the time I knew little about. It seems however that these syndicates are made of a few dozen very rich men who have to "show wealth" before they can join in the profit taking. The manager explained to me that these "members" have to be multi-millionaires so that the syndicate can cope with the huge payouts that are made every so often when a major world disaster occurs.