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Sorry, just realise they went ex div today.
Quite a big drop by cwc's standards. Anyone have any thoughts?
Shares went ex div today hence fall in so. Div pays on 3rd July.
Agree that all the short term news is good but I'm holding out for a long term play expecting a U.S. Telecoms giant to move in for takeover in say 12 months time.
Any views on why the s.p. has drifted down this week?
I have been accused on here of being impatient and looking for a quick buck. But I am one of the mugs who bought this share at over £4 (on analyst's recommendations!). share price plunged on the Greenland debacle then the sale of Cairn India crystalized my losses and left me with only a handful of shares that will need to double in value before I break even. Hopeless.
Statement is all about "commencement of 12 month drilling programmes" i.e its all jam tomorrow and naff all shareholder value today. Pathetic. This management has to go. They are living in an Edinburgh based fantasy world and spending our money on equally fantasy based projects IMHO.
Half year results tomorrow. Lets hope for some good news at last.
Don't understand the market enthusiasm for this share. Sure more passengers are being carried and revenues are up but the airline still lacks scale. They are expanding long haul operations at a time when fuel prices are a challenge - can't help thinking this is just to find "homes" for the large number of A350s that are on order for >2017 - the "Willy Walsh" legacy. BA and RYA are competing hard on Heathrow and short haul respectively. RYA will sell their stake sometime causing a glut of shares in the market. There are better airline shares in the market IMHO.
thanks mogo. Yes agreed better value elsewhere and not worth diluting my share valuation by buying more since there is so little movement in the share price. In terms of resources sector I think miners like KMR better value than oil exploration and less risky. Caught a bad cold on Desire as well.
Nice rise today (anyone know why?) . Share is still the biggest "dog" in my portfolio.
Had to sell out at euro 6.85 (as the Chairman has done with some of his) to fund other activities but am sure this share has more legs yet. Wish I could stay with you. Can't see the legacy carriers ever getting near the low costs and customers will remain cost conscious during this recession.
Sorry I misread your post. I gave the payment date. I don't know the ex div date.
Going by previous years on or around 8th August 2013. Div should b US$0.0267 per share so for example if you had 21000 shares that would US$560.70 which is currently about £350.
Good set of full year results today. Hard to compare with previous due to big restructuring but revenues and margins in ongoing business ok with big growth potential. Debt down and free cash available for organic and acquisition growth. Dividend held at 4cents which gives around a 7% return. Well worth keeping IMHO.
The UK competition comission has declined leave to appeal the decision to block RYA's purchaes of AERL.Time nowIi think for RYA to drip sell its 29% holding into the market. The shares have already been written down to about 90 cents in the RYA accounts so any sale above that will generate paper profit. The subsequent fall in the share price will also justifiably punish the Irish Government who hold 25% of AERL for blocking the deal.
Given that the State is now taking default risk on morgage lending and has given the banks access to funding for lending, conditions could not be better for housebuilders to grow business even in the continuing recession. Hopefully RDW have positioned themsleves well for any upturn and we can see a return to dividends this year and some more upward movement in the sp. My prediction is £2.40 by the end of the calendar year. any others?
1). Dividends (currently around 7%) 2) Long term growth. Be aware that in line with most telecoms stocks major investment is under way in the switch from voice to data transmission as the core business. This means high levels of debt (which is why the proceeds of sale of divsions is being retained in the business). They are a good long term play but do not expect instant returns. Also big competition from the Irish telecom company "Digicel" in many markets eg Jamaica. They could reach 70p a share in 5 years time.
Why are some people upbeat about CNE? Its the worse dog in my portfolio. I bought in at £4.28. In the CI sale, they retruned >35% of my cash but left me holding only 2/5th the shares I had before so the price of the remainder has to reach £7 before I get my money back! What chance of that when they spend all their cash drilling dry holes into the arctic and upsetting Greenpeace?!
@manksy, Non EU shareholders can own shares in RYA. Indeed the Chairman, David Bonderman is a US citizen. However, under EU rules relating to airlines, no more than 49.9% of the share capital can be owned by Non EU citizens and therefore RYA is obliged to keep a seperate register of such shareholders and can if necessary bar the purchase of shares or further shares by such shareholders if there is a danger of the EU rule being breached. Page 115 of the 2012 annual report has a section on this.