Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
I may have misunderstood the recent buyback information in the finals but it appears they are adding shares
21/2- 8,748,719,627
22/2-8,749,168,000
23/2- 8,749,360,984
26/2-8,749,653,883
27/2- 8,749,837,016
28/2-8,750,027,033
I understand some folks seem annoyed at the buyback which to me is a great feature to be able to unleash on your company I would suggest the folks consider Natwest. They have a higher yield and lower buyback Although both companies i believe are great value NWG with the SID format pending may make a good opportunity to phase a position.Either way I'm sure both compaines will create great value for shareholders maybe Lloyds are the lttle bit further along the path with being fuly private.
I think the retaining of some profits is necessary to the bank to grow. I wouldn't want a REIT like structure where 90 % was passed on given how unstable that makes the company. Anyone who has ever owned REITS will attest how the peak and troughs can be a white knuckle ride.
I have found the latest method of div and buyback a much more progressive way of distributing profits. Although i would like to add i'm not accepting anymore resets or cuts to save captital should anymore errors of governance occur. The buyback over time avoids capital gains which for the long term investors will compound adding greater value. I'd rather they buyback than consolidate . I measure the bank on mcap rather than price but having a bank as a penny stock looks poor,hopefully over the next 2 -3 years we will gain some traction or buyback drags the floor price up to a more respectable level. Once we reach £1 plus it will prove we have finaly moved on from the GFC
I have found the bank shares in the UK so frustrating ,for longer than i care to remember holding onto various UK banks for no material share price increase.I look over the pond and view there sector with envy and often particapated in buying them with mostly positive outcomes. I can only think that Loyds and the other uk banks have stagnated with self inflicted wounds austerity and brexit.Maybe the only path to growth for these companies is to pivot away from the uk. When Hunt is asking why companies are avoiding this area maybe we should be asking why aren't we moving abroad. The company is more and more internet based but we refuse to unleash our advantages Until the UK government create better investing conditions we should move elsewhere and pick the low hanging fruit.We are a big fish floundering in a ever shrinking pond
I know uncertainty seems to blight the company. The dividend has been removed for rational reasons which few would argue with having lost so much share price. Given the recent information released suggesting this storm may not rock the company as first thought,would the board consider a small buyback(10-20mil) It would in my opinion take advantage of the unjust price loss.
I welcome the recent moves to address the legacy issues that have lurked in the background for far to long. Since 2009 these days have been marked to bring our company to heel about the lack of controls shown through 3rd parties towards our hard working customers. The fine is clearly a step in the right direction but apologies also need forthcoming. I believe we are now facing the correct direction having removed much of the ambiguity of whats going on now and showing with the latest rule of thumb figures, that this is a great business to invest in looking past the next year worth of profits. I buy shares for 3-5 years and i think that by year 3 we wll be stronger and likely much more expensive.
What on earth are the doing. This started with a smoulder about a potential claim for mis-selling circa 200 mil fine The lack of leadership from the board has resulted in the roof now gone. It seems they are gambling on the results about to be published to extinguish the raging inferno. Its a very poor timing to have to change the board, but they are clearly negligent for this mess and value loss either way this turns out. I'm not that intrested in averaging down my investments, rather they hold and gain value.
This boardroom maneuver makes the ability to invest in this great company like Barratt near impossible now to hold .This purchase brings absolutely no value to me as a share holder. This appears at first glance as early stage empire building with other peoples money. The board work for us and not the other way around. If hes not building value for us then how can i trust him then. I have had to sell. When government ask why no one invests in UK companys it's for these very reasons. Good luck to the folks sticking wth it tho