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Even now I reckon Simon Thompson is being cautious. The land is on the balance sheet at cost and I am sure one can calculate an SP for the land and come up with a NAV well in excess of £4. No reason why dividend reset at 20p will not increase over the years. Having come out of coal, turned round the company and almost eradicated debt the way ahead looks positive.

I am sure we will. The German operation looks healthy with the parent about to begin taking a regular dividend stream.
NAV is just over £4 and that includes land at cost. Provided no slip ups what can go wrong??

Some good news for a change. With the share price still well below nett assets and some extra divis coming from Germany in 2021 year this might be the turn around point in HSP's transformation. Oh, plus gradual releases of the expanding property portfolio. Fingers crossed!

Good and bad news in a roller coaster year.
Always respected the Board but how on earth did HSP end up with an £8m exposure??
Has this been explained or have I missed it?

Still holding though!

The solidity in the price regardless of the direction of the FTSE suggests, hopefully good news?? Maybe a positive pre results statement in early July.

I agree CC..........I am hoping this is a major turning point for HSP and am expecting news of sustainable increases in turnover and margins. Still a Bull in the wings.

I have also stuck with this board and that resolution is beginning to achieve results. With a conservative NAV well in excess of the share price I shall continue to hold for the ride. A little bit of tidying up core businesses is underway and provided profitable streams can be maintained I look forward to growth and the odd special divi!

Even at 305 the price does not reflect the potential. Operating businesses are almost included for nothing. With a determined and talented board I am staying for the ride. The 465 target price per the Co Analyst might even be feasible!

Sovereign, 8.3 is historic and is more like just under 2% for 2017. With cash coming in from coal sales and an increasingly healthy balance sheet a top up divi would go down well with Punters who have experienced a lot of pain during the last 2 years!

Comforting update. Change in business model beginning to take shape. Dividend projections look cautious in light of current trading.........perhaps a special divi?

Decline steadied, share price underpinned by future capital distributions. Nearly voted for a "weak buy!"

Board continues to demonstrate transparency, both good and bad. Agree with Jolly S that if they execute their strategy and realise their legacy assets many will regret not getting in at these prices.

A very confident statement from a quality board. If £66m can be realised then it provides massive underpinning for their new strategy. Cash alone would almost justify a £2 price tag!!

EPS 25 p next FY. NAV ps 470p. Assume P/E 10 and c50% asset write-down then this has to be a buy at c 250p. To say nothing of the land bank and subsequent development! One for the thinkers!

Affirmation of v good results in an horrific environment. Board has done a lot to address declining markets in E&C and addressing challenges to grow the other 2 divs. Plus a good divi........what is there not to dislike?

V Interesting and I would assume that Schroders and BNY Mellon are more insightful investors than Octopus who will be more aware of their responsibilities as they are mainly investing for their AIM clients.....and more so now with ISA changes on holding AIM stocks. I think this is a bullish position.