Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Agree with you Eccles. I'm reading £2.30 with the divi due for payment in 7 weeks. = nearly 9.3% forward dividend. I'm only hesitating because i have so many already. Maybe just a few more?
NO - It wasn't a split. Basically it was a forced sell of (from memory) 24% of your shares for £4.24. It had no bearing on the SP (in theory at least).
Sorry Nick. waiting 2 months now. Hopefully just waiting a respectful amount of time before throwing the case in the bin.
The dividend is not likely to improve Chatroom - but by not holding you are missing the chance of a substantial re-rating when the Delaware ruling arrives. Even if it goes against GSK (which on balance it shouldn't) IMHO the worst case scenario is already priced in.
Not sure why GSK took such a hit compared with the other manufacturers of Ranitidine. It's like they are the only company to ever sell this drug.
We all know that good results does not always equal good day.
That said huge SP uplift due here in the future for those interested in that sort of thing. Me ? - I've penciled in 36.1p dividend for FY24 (915m x 1.05)/ (2,740,000,000 - 60,000,000) - I've gone with buyback @ £5. That's 8% increase on 33.
4p :)
Gary - don't be an idiot. Sir Nige made his intentions to retire a year ago.
Not fully digested, nor will it be while tonight, but please guys, try to remember the impact of IFRS17 - the deferred profit is £1100 it think. That is our jam tomorrow.
The problem last March was down to some 2-bit American banks going tits-up. No-one had heard of them before & we've all forgotten their names now. For some inexplicable reason that weighed on British banks & Insurers.
Don't recall anything major happening in October (was that the final interest rate hike), but don't recall it being a bad month. Prices were subdued all summer.
So unless there is some other stick the Americans have to hit us with this year I don't see any repeat of 2023 this year.
To infinity & beyond :)
and anything that says that at any point the sp was over £5 in recent years is just plain wrong (likely ****ed up by the consolidation)
No. (i'm going from memory so forgive inaccuracies)
The price at the point of the capital return was 423.7p (sorry - i know it's sad to remember that) the 102p (ish) returned was 24% of that & your holding was reduced by 24%. The price pre all this messing is directly comparable to the post split price.
The whole point was to keep the SP the same pre & post the capital return. We didn't gain a penny on the return. Where we are now gaining is on the increased dividends paid. (again from memory 22p pre split to 33p now - so 50% increase).
Personally i didn't use the capital return to add to my holding, however I'm getting more income from a 24% lower investment. (Chips AND rice :))
Citi are not one of my favorite institutions, but for once it is nice to see a little reasoning behind a change in view rather than arbitrary cuts & raises as with LGEN last week.
Still difficult to monetize the reasoning though - so as ever taken with a large pinch of salt.
Thanks Armani - I'd missed that. Another worthless broker estimate - no doubt pushing their own agenda. Even if everything they've said turns out true - it does not affect the long term value & upside available.
Jeffrey - this is not another awful UK share - You just need to understand what is going on. I'd rather be here right now than in the US bubble.
Is 10% a large drop then?
I thought I'd finished adding here, but looks like another opportunity. Interest rates will fall - and this will rise.
Really don't wish to be rude, but what does all that mean? The share price has moved today as a reaction to the FY results, not because of any make-believe trigger a chartist has made up?
As to how this affects the sentiment going forward from a chartist POV, surely this real news is the catalyst for future movements, not some theoretical witchcraft. Basically you're saying it's bullish because it went up. Wouldn't that news have been more useful yesterday?
Not bad at all. The bad news we knew about. New categories showing a profit & future tail winds to come.
However I'm here just for the divi - a 2% increase just doesn't cut it for me - that's a significant real-terms cut. The progressive dividend turned out to be regressive. Don't think that will go down well.
Generating cash hand over fist & reducing the debt.
i never understood why last years results were received so badly. however, as i mentioned a couple of weeks ago - that wasn't the problem last march although the sp did pull back on results. it was those 2 bit yank banks that ****ed it up. and who'd ever heard of them before or since? just any excuse to hammer the financials. i always keep spare cash for those eventualities.
Fin-
"“If I thought that the crisis was going to happen again, I would be out in a flash “ , and do what ?.The thing to do during a crisis is buy cheap shares. As I’ve said before too many individuals with short term horizons. Honsestly, seriously wealthy people are wealthy because they are patient and see an opportunity"
And then buy back of course.
Remember that last year Bertram the divi was announced during the banking crisis caused by those silly 2 bit American banks no-one had heard of before of since. If i thought for one minute that the same was going to happen again I'd be out in a flash.
Pretty sure it wasn't 50P, even including that fall, although it did fall something like 50p from March & through the spring & summer - caused by the continual increase in interest rates in that period. We should have a different situation this year.
As i said the other day I'll be making a decision in April. I'll need to get more into the ISA, but otherwise I'm guessing I'll be sitting on my hands.
Keep the faith Robleo. You've backed a winner.
Inflation will fall back next month & the SP will be back up.
The stick or twist decision comes in April. Likely I'll take the dividend. By then interest rates may be falling, so selling before divi with a view to buying cheaper afterwards may be tricky.
Took the opportunity this morning to spend my last 3 months dividends from all my holdings on a few more. For once it hasn't resulted in an immediate 1% fall which is what usually happens every time i add.
I'd be surprised if we don't see at least £2.60 by the spring. But then again - I want to keep adding at the lowest possible prices, so I'd be happy if it just maintains its price, and would add even more on a further re-trace.