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People have been saying for probably longer than two years that "in a few months we'll laugh at £1.00" .... Time the CEO stood up and gave us an update on P1a and when P1b is starting so we can sell our shares and buy back instead of watching this dwindle month on sorry, day after day
See with regards Bronte and Jupiter and these miniscule shorts, who cares? They're big boys with risk management teams, they'll have factored in losses in their initial investment and have likely made enough to cover atm. Sod them, it's nothing to do with my investment.
https://www.thejournal.ie/briquette-bord-na-mona-ending-5325744-Jan2021/
Its a shame that this is being discontinued as l would hardly think Irelands overall carbon footprint is destroying the world. But we have until 2024 to enjoy the smell of a peat fire, albeit the state is allowing people to cut their own...a very labour intensive undertaking in the modern world of snowflakes.
If we started putting on some weight here
Alot of bluster for 3 outcomes....dividend, demerger or bust. Can't see the latter....and capital retention still makes this attractive imo
At the PM Dividend which has been v progressive since 2013, l have complete faith in this board to act prudently. Retaining the final for 2021 and H1 22 will allow sufficient liquidity to see the current storm out sale or no sale.
They're certainly not a distressed seller though you can't blame any potential vendor of trying to pick the assets up n the cheap which leads to a quandary. Do they sell to get out or retain an equity stake in anything left?
At last an RNS advising they are actively looking to dispose of the Russian assets, shouldn't be any shortage of takers in the Russian Federation. That will of course lead to a valuation and a large chunk of cash. Does it come back to shareholders? Wipe debt? Purchase makeweight assets? Acquisitions? Either way it's great to see them address that the prime aim is for shareholder benefit. Its a buy from me.