RE: Dividend Call10 Jan 2022 13:05
Hello Fiercey.Nice to hear from you again. I suspect MTR has lost the goodwill of a lot of its LTHs now. I no longer have the confidence in the company that I once did. It's stagnated for far too long with no benefit except to those holders who either got in very early on and didn't invest more at what turned out to be very frothy prices, or invested only in the troughs. Well done to them but I bet there are a lot more investors who, like us, have held for a substantial time now and have made next to nothing. My impression, as opposed to having hard evidence, of the performance of the investment arm is that for professional investors with specialist knowledge and access to a lot more information than retail investors can ever get, MTR has done poorly. There have been successes but these have been outweighed by the failures and those which are still held at substantial losses. We need SFR to release news that impacts directly and heavily on our balance sheet/profitability or Cobre/KML to find something substantial that does the same.
I agree communication by the company with shareholders has been poor. Covid has put paid to the meetings/presentations we used to get but surely they could have found another way of talking to us. All very frustrating. Just as well we've got SFR doing good work, but MTR need to show that they can produce results themselves, not just sit back and live off SFR's efforts.
Grizzle over!