Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
Chid,
I never even mentioned Citra. You’ve got your wires crossed there.
Explain to us how the payout to shareholders has decreased this year when the buyback amount is the same (£2bn) and the dividend has increased this year.
Chid, you wrote this :-
“So likely very 'tempting' then for the canny board of directors to then either slow, end or even CUT the dividend paid out to shareholders to fund their salaries etc, and of course to fund HMG's wishes via stealth taxes or 'fines'.”
Wrong. The dividend was 1.84p as a lot of us suggested.
You also wrote :-
“A huge portion will be spent in buying back its own shares, which also keeps the capital within the businesses thus allowing for larger bonuses, expenses and pension pots.”
Wrong. The capital leaves the business and is used to buy the shares from UBS (or whoever is handling the buyback this time) for cancellation.
Bang in line with what I was expecting. No dividend reduction as Chid and livestock suggested there might be. Solid results and another great chance to remove shares from the register at low prices enhancing shareholder value. More than happy.
“ A huge portion will be spent in buying back its own shares, which also keeps the capital within the businesses thus allowing for larger bonuses, expenses and pension pots.”
No, the capital leaves the business to pay for the shares bought from market makers.
You’d best sell your shares livestock then if you feel the car financing bill has been drastically underestimated before the results 2mrw. You think the Board are tempted to trim the dividend as well so why are you still invested here ?