Simple Calculation! STRONG BUY!3 Dec 2020 08:15
Total number of shares = 36,252,748
Total Cash = Β£18.15 million
Cash paid out as dividend= Β£15.5 Million
Total Cash left= Β£2.65 Million
CHECK THIS OUT:-
Total number of shares = 36,252,748
Total Cash left= Β£2.65 Million
Cash per Share= Total cash/ No. Of shares = 0.073p
Total cash per shares = 0.073p + 0.425p=0.498p just cash!
Our Assets are valued at ZERO again!
An update from Carl can add massive back and VERY quickly!
In the interim results for the six months ended 30 September 2020, the board of Braveheart (the "Board") announced that it had declared the payment of a special interim dividend of 42.75 pence per Ordinary Share (the "Special Dividend") which with the current issued share capital of the Company being 36,252,748 equates to a total dividend of approximately GBP15.5 million.
As at 30 November 2020, the Company and its subsidiaries (the "Group") had net cash reserves of approximately GBP18.15 million. The Board has assessed the Group's ongoing working capital and investment cash requirements under a range of forecast scenarios and has concluded that a substantial portion of these cash reserves is surplus to the Group's requirements. The Board has, therefore, decided to return such surplus capital to Braveheart shareholders by way of the Special Dividend.