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Tony...you spend an inordinate amount of time posting on this board. Lengthy posts every second day, if not every day.
As I am fluent in many languages, I am able to offer a free translation service...
Translation: you are horribly overinvested in this stock, which has sucked in you in like a Dyson vacuum cleaner operating on full suction power...
Apart from the saving grace of a big dividend yield (which offers paltry compensation) BATS has been a truly terrible investment over the last 5 years. It's share price has halved and the S& P 500 has doubled over that period. So investors have been punished times 4. In the old days it was 6 cuts in the principal's office, this is equivalent to 24 cuts in a row. Oh, the pain!
Say no more...
I mean the last 2...
Don’t understand the new dividend of 42.12 when according to their own web site and other dividend web sites they paid out 48 p on the last 3 dividends. Anyone?
https://www.imperialbrandsplc.com/investors/shareholder-centre/dividends-history.html
How do they go from 34p to get 7.7% from this ?
This regular dividend will be set at up to 30% of free cash flow, implying a payout of up to c.US$3.3m (0.34p/shr) with respect to H1 operations (paid in H2), and implying a 7.7% running yield going forwards.
What I’d the purpose of these odd payments? Why don’t they just even them into 4 quarterly payments like everybody else?
To make any sense there must be 4 regular quarterly payments. I think one is mistaken if one expects the full annual amount to be paid when initiated ...it will be a quarter of it. With an annual review of the payout. Just like most dividend paying companies...
The most likely dividend policy is to announce an initial annual dividend but paid in quarterly instalments and then have an annual review based on the past years performance. Do you see it differently?
Sorry...wrong board!
I reread Doc Jones original DD and learnt he owns 3% of I3E which is 28 million shares at the current float.
That deserves a wow!
Guess he's a believer!
This poster on CEO is suggesting the maiden dividend will actually be around 11%...any comments?
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Following field optimizations and workovers, ITE should be chugging out around 4100 bpd of liquids and 35 MMSCFD of dry gas. Local prices have taken quite a jump... AECO gas is up nearly 5% to 2.89 CAD / GJ and MSW is sitting at $61/bbl... at these prices the FCF should be running north of 50MM CAD/year for the liquids and 15MM CAD/year for the gas... so $65 MM FCF total. Consider that in addition to the additional unutilized assets and you have yourself one helluva deal... quarterly update or not. Buying at 0.165 today will yield you an approx. 11% dividend on your original investment.