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Looks like Directors are buying , as I did for the longer term and quarterly dividends
The Daily Mail is now saying the "attack from the North" was a false alarm.
Amanda should increase the dividend pot by 10% next year.. so perhaps a 38p div.. That will improve the SP to about £4.80. Together with the next 3yrs dividends gets us to about £6.00 . No need to sell the company.. Think that would satisfy shareholders..
Always happy to consider a crazy offer.
That’s quite specific details . Guess the price would have to be above £6, given the annual dividends . 20x annual div gives us about £7. If it was serious , the price would have gone up a lot more today imv.
Analysts at RBC said they viewed the deal as a sensible use of cash raised on a recent stake sale in Singapore Life, adding that their forecast for a 300 million pound share buyback at full-year results was unchanged. ( as per Reuters).
I would use the Singlife money to increase the annual dividend over the next 6 yrs by an extra 5p/yr ie: £800m /2735m shares is about 29p , This extra yield would push the share price towards £5. Assuming it completes in Q4, then we should know by the end of Q1 next year what they want to do , I don’t want a share buyback this time round .
Sentiment or perhaps what AB mentioned the other day.. they need to attract new shareholders. Perhaps Wed will be a "look at us" presentation to show our green credentials and potential returns in the near future.. It's aimed at Retail, but what could they possibly say to change the share price in a positive way.?
The core business essentially is like a buy to let that washes itself , The buy to let might have a holding capital gain which can only be realised on sale as more leverage isnt possible. a bit like our losses which might be useful to someone else on merger or sale at some point in the medium term . I guess at the retail investors day , I could be offered debt for equity ? , with bi-annual interest , wonder what the coupon will be ?
Presentation to Analysts and Investors A presentation to analysts and investors will be held at 09.30 today - London time. The presentation will be accessible via a webcast by clicking here.
EnQuest investor relations team will be hosting a presentation via Investor Meet Company, primarily focused on the Company's retail investors on 19 April at 14:00 - London time.
The presentation is open to all existing and potential shareholders. Questions can be submitted pre-event via your Investor Meet Company dashboard up until 9am the day before the meeting or at any time during the live presentation.
I thought it was always Jam tomorrow, but in any event , they need to pencil in a 2p dividend per share at somepoint , 10% return at todays level to keep investors onboard and attract new ones. Net debt position is very good at the moment , Still need the government to amend the EPL.