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You sound like an old school Tory with your head buried in the sand. Get real, the world is changing.
Certainly strange sells on AIM. Looks a bit like someone needing to liquidise a position quickly for reasons we'll never know. With 3 main markets it's not a share that can be easily manipulated. Will join in the lottery tomorrow at 8:00 for any late black Friday bargains. I'm not expecting to be lucky though!
I said it 3 months ago, but their focus on ESG property is spot on. Also mentioned the progressive dividend fully covered by income. At 7.5% current return seems very good value.
Also REITs are also looking very oversold as a sector, and just starting to turn upwards IMO. GLA
I said it 3 months ago
Interesting slight change of wording around dividends. In Q1 it was "USD$0.015 per share per quarter and incremental amounts from available cash consistent with maintaining the minimum liquidity level."
Now the statement is it may it up or down from the current (2c), which may mean we can hope for an average of 8c per annum. Of course with increasing sales and production fully expect this to go higher.
Agreed. Seems a bargain at this price. Certainly one of the highest yields for this share that I've seen. The risk is always capital loss with property at the moment, so steady is great by me.
Try using Google! The Canadian withholding tax on dividends for UK based accounts should be 15%. 25% is the default rate in countries without an agreement with Canada. Well, that is what Google search confirms and its what HL deduct. I don't use HSBC though.
This is not the news you're looking for
Last year the AGM statement included:
"The Group produced cash-generative, profitable growth in line with market expectations, continued its unbroken record of dividend growth and made good progress on the actions and investments that we set out at our Capital Markets Day (CMD) in March 2022."
They look like delivering again within market expectations in 2023, albeit at the lower end. So I assuming that they will continue their unbroken record of dividend growth.
The news reports seem to be focusing on the statement "reported revenue for the year declining by c.2% (c.6% decline in organic constant currency ("OCC")²) as a result of a continuing challenging market environment". They seem to ignore the record PBT, improving from last year by a considerable margin.