Ben Richardson, CEO at SulNOx, confident they can cost-effectively decarbonise commercial shipping. Watch the video here.
According to the full article in the Sunday Times, Morgan Stanley think the full year dividend of 10.78 will be paid, B of A (BT broker) are expecting the full year dividend to be paid then cut afterwards. The size in the cut will indicate the board's confidence or lack of it. Anything above 7p for future dividends would put the shares on a very good yield in hard times and give the company cash. It'll be hard for the institutions to ignore the income.
BT has a track record of paying dividends when people don't expected them to. So if they do and pay that FY dividend. (or just about all of it) then cut it to 7p going forward, it will be a big shot in the arm for the share. That would give us a yield of 6% at current prices against a background of zero dividends from all major banks and major financials. Cutting future dividends will remove the elephant in the room (market's like certainty) and boost finances just when they need it. Should be an interesting week.
will be an interesting one... it's reported that they will only allow games to play behind closed doors. If that's the case there will be a lot of pent up demand and BT will benefit from that towards the end of the year. I'm not throwing in the family fortune, but I'm quietly buying again now for the turn around, hoping that this is about to outperform. Of course, I could be wrong. I'll know next week.
The more people talk about them, the more good it will do BT (assuming they pay one - which we'll know next week). As for Shell's cut - no one wants the stuff they produce any more. Technology is the new oil. Sooner or later the market will wake up to the fact that BT is in a prime position to benefit from the brave new world. Of course, I could be wrong. But then I don't only bet on one horse in a race!
The potential here is that you can buy a 6% yield today (assuming a cut of 50% in the dividend). Also, if they pay the final dividend, it's the equivalent of 11% on top. That's got to make it worth a punt at this price. Meaning there's a capital rise in it too. The game changer is the dividend. People are looking for dividends... and there aren't many about.
It was floated at 1.80, you are absolutely right, but then it immediately dropped to 1.68. I should have said: price at floatation. Anyway, recently it dropped below that low to 1.65 before bouncing back up. That lower low put me off, even though it has gone back to £2. I like this company, but it has too much debt for this market. I think they will be getting on top of that for the next two years, so no dividends. I see the current price as a top, not a bottom. In other words, the old highs aren't likely to return any time soon. But I've been wrong many times before! It's just that there are good companies out there with a lot less debt... and they're the ones I've been targetting recently.
cash-positive, but 9m in cash isn't going to last long. Dividend gone, as expected. Bad news, on bad news. The management's 20% cut is an insult to shareholders.
Biffa's high debt is going to make this a tricky time combined with an almost total loss of commercial income because of the shut down. No wonder they were quick to cancel the dividend. Not sure where this will stop, so I'll wait and see if it gets nearer the float price.
Even now, I reckon there's still too much bad news to come. The big question is, why weren't the executive directors watching the figures? It's their jib to ask questions.
Excellent. Only a small dip in net cash thanks to revenues rising. Debt massively down... and that's the big problem with small companies. I've started looking over on PAY and dreaming that this might go that way. The similarities in the companies aren't obvious just yet because of the revenue streams involved, but they both boast a base of a small number of shares with some large long-term holders - something I like to see in a any AIM company.
When dealing with the government, it's perhaps not such a bad thing for BT to point at these quarterly results and say that shareholders are already suffering from over-regulation and over-zealous OFCOM restrictions. 'Share price down, free cash down, debt rising etc ... not such a rosy picture, Prime Minister.' Then all they need to do is throw in a 20% cut in the dividend to sweeten the pot and we're off the leash... only perhaps, of course.
All this interest could be because California introduced data protection legislation on the 1st Jan 2020 (to little fanfare). Some of it doesn't go quite as far as the EU, but other parts are more stringent. The rest of the US is due to follow, but most probably in different ways because of state laws. I would imagine, there'll be some horse-trading before the final shape of US data protection law are completely finalised, but I'm betting that the new rules will mean companies like PCIP are the flavour of the year. My only fear is, that someone will move on this quickly and get it cheap. After all, 43 million shares at £1 would still be cheap for the technology they are rolling out this month. Interesting times.