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I didn’t expect a dividend this year and I would rather monies be put to scaling the debt down and for moving the business forward, besides, it is something the new CEO’s will want to deliver and take credit for.
Probably in 12 months or so.
I’m always wary on how the markets view trading updates but these results at first glance seem good.
We all know MKS is a recovery play and should the market be irrational today I will look to add.
However, a blue day would be good.
Looks like the driving season is in full swing!
https://www.reuters.com/world/us/american-driving-topped-pre-pandemic-levels-march-2022-05-19/
Seems the Americans are driving further this summer.
https://www.reuters.com/world/us/american-driving-topped-pre-pandemic-levels-march-2022-05-19/
Nice £100 000 director share purchase just popped through.
Added a few more at lunchtime today.
Keeping monies in the bank will see inflation erode circa 10% of its spending power. With LGEN paying off an 8% divi I could well be up 18% next year!
Obviously the shares could tank but taking a longer time frame it makes sense to me.