Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Probably a silly question, but how do they "keep the lid on".
Can't understand why demand isn't driving the price upwards with the promise of excess capital being released and 2m shares being taken off the market every day?
Looking like it's going to be a bit of a struggle to stay above 50 today which would be a great result to get that barrier out of the way for further momentum. Great results, disappointed there was no mention of direction on Divis , specials, buy backs etc beyond that there is an excess of capital. Planning early retirement next April so have a vested interest in positive news on the dividends... :)
Hi Zirp, I have been following Clipper for a while and they were close to £9 in early September and dropped to around £6.50 about a week ago. I assume the drop was linked to fuel and driver issues, but they are not massively involved in transport. They are in online retailing and returns services which seems to be continuing it's rapid growth with Clipper doing very well in the market. Not for dividend, but recovery in the share price over the next few months following a potentially short term blip. I may well of course be wrong, as I was when I sold most of mine at £7 originally thinking they had finished their run..... :)
The BOE were quite clear in their wording that it was postponed not cancelled, but I agree not really relevant now. I still live in hope of a special dividend to replace the missed dividend in addition to the current year dividend . Probably won't happen but no harm in hoping, the money is still there!
The theory of buybacks is good, but in my experience it never seems to provide a positive outcome for some reason (though of course you don't know what the price would have been without it) it always seems that the price is driven more by sentiment and fashion at the time rather than fundamentals. Difficult to see why the price has dropped again.
HU is right, we should certainly get 1.34p. However, we were getting 3.28p before Covid and looking at the results expectations for this year, the capital situation and the fact that the divi wasn't paid then, I will be very disappointed not to receive 3.28 as a minimum.....
Still waiting to get back in at 6.50....... :)