Member Info for matherdj

Not sure how much I believe this, but I have posted before that I asked the question of being dependent on the seasons and after the pr guys checked with the company, they said it wasn’t a factor. It’s always been called out as a factor with previous drills so make of it as you like. They did get the info from aminex rather than just comment whilst speaking.

The senior management already know the figures Toff and still gave pay rises (not for managers) and are paying a bonus. No rights issue at all.

Hi Toff
‘ In fact, the sword of Damocles is hanging over BT with the word DEBT engraved on it.’

Whilst BT has announced managers will not get a pay rise this year, team members are still getting a 1.5% rise and they are still paying a bonus to managers. If debt was such a concern there would be neither of these. There’s been no bonus/pay rise in previous years so it wouldn’t be such a shocking decision especially considering other companies are cutting pay by 20% in some cases. I expect the div to be cut, but no capital raise.

Thanks Dunder, it’s certainly been a tough political situation out there for business.

Dundee, have you heard anything of use through your industry connections re Tanzania?

Not unrealistic or unreasonable, Northern. Unfortunately, that is the reality until something tangible comes out from the government.

Thanks, I was thinking they must have quite a high average being in so long.

Crusty, do you know what they paid? Just out of interest rather than to make any point.

Does anyone know what they paid originally?

‘Way’ and ‘capex’ . Corrections.

Ok, so this would be your strategy to move BT forwards and I make no opinions on that. However, that’s totally different to BT needing a rights issue ie forced into it because of it’s financial position being impossible to manage. That is not the case in my opinion. I do expect a dividend cut though at some point. That would go a long was to covering the infrastructure caped required along with the government funding. Remember it’s not all needed at the start of the project, there will be an annual expenditure.

Fair enough Toff, but you have used the current share price as justification for predicting a rights issue so there is a contradiction there. Maybe post some figures as to why you think BT would need a rights issue so they can be discussed?

I think the results out in May will be looking better than the markets expect. Not by much, but a bit. Let's wait and see when they're released.

Toff

‘ But bear in mind the SP is the truest reflection of a company’s value and health. ’

Did you think that was the case when the SP was 500p? Probably not. The SP has now swung way back past the centre in my opinion. That’s not to say it won’t go lower, but mid term should be fine and most people posting on this board are taking a longer term view.

They haven't got the money and any acquisitions would be to diversify away from Tanzania (you'd hope!).

What makes you come to 1.2-1.3 fjones, in a stable market?

Only in times like these toff, but you were saying over 100 years. What’s the history for a dividend in percentage terms(year on year)). I’m in Exeter. When restrictions are off maybe a beer sometime.

Your maths is wrong. Cut to 10% would get your investment back in ten (+1 or so for inflation). (But you know that, I know).

I’d be up for some of that :)

You may be correct, but it's been a long wait and they have given Aminex payments pre-farmout. So far they seem very committed / supportive. Who knows, but certainly no-one can predict how things will turn out here in the current environment.

So what about insects who eat others insects or eat off the blood of animals who get eaten by other animals who get eaten by another up the food chain like a ferret. Carnivores are only supposed to eat herbivores?