Member Info for MPO818

What excellent results. 33% increase in interim dividend (to 1.33p) seems scant reward for LTI, but that reflects the attention given at this time by the regulator and politicians. The buybacks are the icing on the cake. This is the 3rd buyback program (£250m Nov 22, £300m April 23) increasing to £450m, making the total £1bn, the first program started at a share price of 85p and this latest one may well see the share price go past 150p, watch out for analysts re-ratings in the coming days - the market has taken the news well.

"Left by mutual consent/sacked."

After 30 years expect her package to be huge, never have to work again.

These are running at over £1m pa. £750k plus the £15k broker offer will see George back at the table within the next 12 months - unless and if (a really big if) they find some gold.

CWR announced today, currently down 12%. ITM down 6% after announcing a 4 week delay in accounts. AFC appear terrified to announce anything.

Cuphalfull

"Are you saying the price fall (5P) just now was caused by just 3000 shares being sold ?"

My 2x1500 buys were for me and Mrs MPO in our ISA's. I was not making any comment on the general share price action.

Over 20 of todays 51 posts are in green - Thats because I put all (if I got them all) the sad posters who pride themselves in predicting the closing price of VOD every week of the year - what a sad bunch they are.

The markets (on both sides of the pond) have responded well to Q1 numbers, looking forward to the next divi cheque in a weeks or so and further gains as the turnaround gathers pace.

Has the scheme completed? or have they just given up?

2 lots of 1500 shares a tad below 163p, a bargain, hopefully.

Thanglan

Your observation of the dividends (in the past 4 years ) is correct, however, CNA is a completely different company now. With no debt, better management (Conn ran it into the ground) and buoyant commodity prices, the dividend may well exceed NWG (in percentage terms) this year. They paid 12p in both 2016 and 2017, eps for this year are predicted to be 24/30p they will of course be aware of how "obscene" a large payment would look in the current "cost of living" crisis - Banks including NWG will also be wary of this. Further buybacks will almost certainly be announced and these (unlike Lloyds and NWG) have benefitted CNA shareholders by increasing the underlying share price.

22/07/2023 01:00:00 22/07/2023 System Entry Volume, Saltfleetby, D+1 0.2558 23/07/2023

Good again, this has probably been the longest run of decent rates since production commenced.

Posted 30/6/23 with shares at 123p

These are due on 27th July (4 weeks). Expecting a decent rise in the interim dividend (perhaps 3p) and a further share buy back program. Also expect analysts to move their sp targets (currently around 130p) significantly higher. CEO has reported in the press today that he expects gas prices to be elevated for quite a while.

The buyback programs have been good for CNA. The first started in November at 85p the second started at 110p in April with recent buybacks above 127p. They have no debt, so high interest rates are a benefit, despite political pressure they will increase the interim dividend, they will have another buyback program, the only downside will be bad debts. Analysts have started to increase target prices to 150p and may go higher with these results.

The latest oil minnow ST was commenting on, can someone share please.

Last 5 trading days:

AFC + 0.62%

ITM +30.31%

CWR + 13.94%

Less than 4 weeks (15th August) until results (and interim dividend) announced. Todays fall in inflation has boosted banks and insurance companies. The banks results will be released in the next 10 days and are all predicted to be excellent, LGEN should ride the wave and head towards 260p in the run up to results (last 12 month high of 287p was achieved in August 2022)

Lloyds offering over 5% FIXED in one and two year bonds is an indication that rates will remain high for quite some time. Rerate well overdue here.

Adel1234

ITM issued a decent RNS yesterday, they rose then and again today, their CEO is making good progress with a turn around plan. Why AFC rose 8% is another matter.

I only noticed this announcement, which came out on Friday, yesterday and with the technical problems I had it didn’t make the cut. It gives a rundown on funding with the £6m of debt agreed in principle and a potential £20m of global refinancing under review.

This will involve the unwinding of the forward hedges, which will please shareholders, and me, and a number of other changes are underway. One of the changes will be the departure of current Chairman George Lucan who will be leaving next month, he has done a great deal for Angus who may not be in this good position without him. I have recently met Richard Herbert and it looks like Angus is in pretty good hands.

Surprisingly none yesterday: The current program of buybacks started on 23rd Feb 23 and on that day the average price paid was a whopping 52.02p per share. On 14th July the average price paid was 44.43p and the average price paid for the whole program to date is 46.33p - Question are shareholders really benefitting from this!!

Centrica are into there second buyback program (shareholders have suffered over there with their shares having touched 26p at one time, different industries, similar price action). Their 1st buyback was in November 2022 average price on day one of 85p, the second commenced April 2023 at an average of 110p and as of 17th July 2023 the average paid was 117.64p, current share price about 123p - That looks like adding shareholder value to me. Any decent dividend from Lloyds (especially any special) and the Government will be spouting WFT from the rooftops.

With a long delay in half year results, cost of living crisis, no contracts, no sales, increasing headcount and a greedy CEO, perhaps this is advanced notice that we need more money to accelerate (again) our path to commercialisation.

The site, originally constructed in 2015 by AFC Energy to house the EU co-funded "Power-Up" programme, will now be repurposed to provide FAT of its H-Power Generator series of fuel cell systems. With the site's existing hydrogen supply infrastructure and grid connection, the repurposing of the site will require nominal investment.

He appears to have given up on ANGS, no mention of ANGS or Fridays late RNS. He had numerous interviews with GL, it now looks as if the penny has dropped and he has woken up to Georges bull.