The latest Investing Matters Podcast episode featuring Jeremy Skillington, CEO of Poolbeg Pharma has just been released. Listen here.
The statement below gave me the impression they looking at the Div payment route
    2019 special dividend announced of £350 million (subject to shareholder approval), taking 2019 total dividends to c.£600 million (an increase of 20%). Based on our current five-year expectations, and in current market conditions, we expect special dividend payments to remain comparable to the 2018 and 2019 payments
They mention a period of 5 years in the above statement.
But I do recall seeing somewhere that they would keep their options open and consider a share buy back if it was deemed the right thing to do.
My view is that they will stick with the special divs as they are currently doing and as all the other major house builders are doing.
Dividendchaser I cannot see how TW could carry out a buy back of shares they have made a commitment ( Suject to trading) to increase the dividend returns which I believe will be circa 18.3 p per share going forwards.. With this commitment they cannot in my opinion have the money to instigate a share buy back.
It was mentioned last week about mobile crushers 6 no I believe, a friend of mine checked with Wolfe and they confirmed back by e-mail that they were in fact trialling one crusher only out.
Sorry if someone has already mentioned this, if they did I apologise for repeating it.
The six number that was mentioned last week is simply not true.
I can see the share price staying between the 1.65 to 1.85 range for a while now. I am not that concerned if this is the case providing they pay the dividends they have indicated over the next few years. It’s not often you have a company that enjoys significant share price growth as well as paying large percentage dividends at the same time.
I would not personally worry if things levelled out for a while as I am sure TW would still produce a decent profit especially as more strategic land filters into the build.
Good luck
Construction Data not helping the SP. Let�s hope it recovers a bit when they announce the anticipated no change in the interest rate. I know some have been predicting 208 by the ex div date whicich is going to be struggle to reach unless PR plays a blinder in the upcoming strategy day on the 18th of May.
Nigel I hope you are right about the share price being 260 if so I will be selling a substantial amount I hold in my ISA. I think the problem we still have is the fact that they still refer to it as a special Dividend, if you remember when they increased the interim and final Div to 2 x 2.3 payments it went Down very well with the city. Personally I would like to see these Divis increase to at least 2 x 3.5 payments which would represent a 3.5 Div against a �2 share price which is in line with the footsie 100 average. If they can increase the regular Divs and lower the special Div I believe that would be looked at in a positive light by the city, the word special does not give confidence in terms of longevity. I look forward to your prediction becoming reality.
I think you will TW sold there US business around 3 years ago