Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Difficult to see how the trading statement could be better given the circumstances..... I suspect they will come out of this much stronger as they have had the financial strength to deal with it at the expense of many of their competitors.
Too tempting for me..... sold most of my relatively small holding at 6.90 with a 60% profit within less than a year. Hope to get back in below 6.50. Seems like there is something going on , so may miss out, but decided to take the profit. GLA
Share price rocketed again this week on no news....... strong market this week, but a 10% increase in just over a week is still a big move. I'm sure some people make a lot of money trading this share on such big swings (not me):)
I will be delighted when the share price gets back to the 55-60p range as my main long term holding averages over 50p.
I also have a decent chunk bought last year at around 32p (was a little worried for a while when they dropped to 24p :)) so 55-60p this year would be a great result. In long term for the dividend, and though last years chunk was meant shorter term may find myself locked in with more shares than I intended if the dividend is good!
Hi Asp,
Thanks for your well informed view. That very much follows my thinking on where we are, but wondered if I was being a little impatient. Becoming more critical for me as I am planning to take early retirement in a years time (or earlier) and was hoping for LLoy to produce a decent and consistent income longer term.... :)
Price rocketing again for no obvious news...... bizarre swings again!
This share is all over the place on no obvious news....... must be good for those trading it (I'm not)
Yes, I was thinking of a nominal half year dividend with further payments continuing to accrue leading to a significant return to more normal levels pre covid (possibly including a special dividend) in 2022 following the updated stress test reports issued late 2021. Will probably be as wrong as I was for the recent announcement, but hope not as I am planning to retire next year and Lloyds divis were part of the plan :)
Hi Bertram,
Do you not think a return to 3-4p (where it was before the pandemic) constitutes a strong divi? I can see divis being at least 10% within the next few years against the current share price. Subject to a decent recovery of course. The CET1 funds surely cannot continue to increase without significant funds being returned to shareholders.......
Disappointed by the lack of clarity on reintroduction of quarterly dividends, or indeed when dividends are going to be paid?
Good that there are no further impairment provisions. Very high capital buffers now, surely that must be good news for future returns to shareholders. Overall pretty disappointed, but hope it points to a much improved picture going forward.
All over the place on a daily basis for no obvious reason ....... presents a real opportunity at this price with only good news to come IMHO
Hi Rocko, The other side of it is that someone could have spent around £300k of their retirement investments to get those 500k shares on the expectation that it would provide a reliable £1.5k per month income. A the moment they may be £100k down and lost £1.5k per month expected income. To replace that income, they may have to sell shares and crystalise the loss. Everyone is in a different situation, and we know the risks when we invest but it will certainly be a difficult time for some. Myself, I certainly want a return to dividends and although not opposed to buyback as well the previous ones seemed to make no difference to the share price or the shares in circulation. It always feels as though they are giving them away in incentives as fast as the buybacks and makes you feel as though you are just paying for the incentive schemes as a S/H instead of receiving the dividends.