Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
The dividend cut was to give them more cash to invest back into the company. In theory creating more value and less reason to short it. An extra 20% per quarter to buyback shares or invest in other ways is a big weapon to attack back. Hang in there, the SP will recover soon.
I've spent some time watching the director interviews and I actually can see a lot of hope for the SP recovery. DEC have changed the business model to suit the US market. If they can now convince US investors to get on board, today's share price will rocket. DEC have all the ammunition: best hedging, best ESG, best dividend
Agree, they should not take any benefits for destroying the SP and reducing shareholder returns by 75%. Rewarding themselves whilst showing complete contempt for shareholders. It's about the only promise Rusty keeps ...his own payments!
The dividend has not led to a collapse in the share price. The constant broken promises by unreliable Rusty has done that. He's done it again with a broken dividend policy promise. Add that to inconstant share buybacks. US listing on/off. Flash share issue at a lower share price , which has never recovered. Tender offer on/off. Anything Trusty Rusty says cannot be taken seriously. Time to vote him out!
Rusty should have a little shame in saying that the dividend is in the top of UK and US companies. Anyone can destroy a share price to reach that claim. He should have spent a lot more time in explaining the SP decline and taking some responsibility in it. Then add that its his poor decisions that lead him the opportunity to reduce the dividend by 75% and then take credit for it. Calling it recalibration and creating value. Really? Do we have a clown as a ringmaster.
A kick in the dodas for long time holders who purchased shares at a lot higher price. But a clear message to newer investors that a decent return is sustainable for them. As gas prices rise a would expect a higher return in the future.
The results will be as boringly predictive as all the others. However, a sneeze and the SP has a full blown fantasy killer virus so I will expect another unjustified drop. Instead of selling, I'm looking at another buying opportunity.
In my opinion it's the right time to buy more DEC shares. The next results will confirm a reliable income, followed by a confirmation of the next dividend. Other positive factors in the mid term could be higher gas prices and a start of the interest rate reductions.