Member Info for rylidan

Deutsche Bank has a buy rating target 320 and Berenberg has a buy rating of 330. Both brokers have just cut their previous ratings to the above!

I also topped up yesterday, but saved some back just in case the shorters have another selling surge. Can't see that happening as I think they've already overcooked it.

GLA

As expected we have returned to growth. This is a very positive update, and sets the foundations for a much better year ahead.

The SDL integration has taken a huge toll on the shareprice. Shorters have had a field day.

However, with that news we are set to fly over the coming years. Today, I expect a scramble for shares here.

Let's see.

Can't understand why we're still on around 8.2% yield. The company also believes the shareprice is too low as not offering the script issue.

I suspect it's been shorted by the US who would probably like to exit soon. Still, it's allowed me to build a great position here at a bargain price IMO.

The company is also looking to grow as well, so that's a real bonus for a solid share offering a great dividend.

NAV per share 109p

2p Dividend fully covered for second quarter

Looks good to me

GLA

Looks like dividend policy for next 3 years will come in the November update.

You can view on the GRID research section (under "more gresham house information", above)

If your investing in new so called "growth" companies that may be true. However, IMO well run companies can balance growth with shareholder returns.

However, putting all your cash into growth is great for execs with free share options every year.

This company is making enough profit to start returning cash to long suffering investors. We can then decide whether to take income or reinvest into more shares. Something like 15% of PBT returned each year as a minimum would be good to see.

Sadly, to make any money out of this share you need to trade it. They really need to start a dividend policy for shareholders.

That is also the best way to see the shareprice reach fair value IMO.

Trouble is that the management seem to run the company for their own gain, rather than shareholders getting a slice.

GLA

Seems like a lot of volatility right now, perhaps shorters trying to close out? Hound needs 1.2% and there could be others under the 0.5% reporting threshold.

Half year report in December, plus we should have a new MD before then. Last dividend 1.9 times covered and has been progressive for quite a few years, to a point that it's now over 8% yield at £1.50 share price.

That's why I managed to scrape some funds for a top up at £1.494.

GLA

The BoD have reiterated the 7p dividend target for this FY several times. Looks like the market is starting to believe them, and still an incredible yield at 60p+ share price.

Anyway the half year report in mid December and given the last RNS fully expect them to reiterate the target again.

GLA

So incredibly undervalued given this news and reassurance. Been sold down from what was a low 70p+. The rabbits that have exited low should be returning in their droves for this possible 13% yield going forwards.

Assuming minimum 4p dividend, gives 7.2% yield.

However from the most recent dividend declaration:

"The Board would like to take the opportunity to reaffirm to investors that it remains committed to the Company's 7.0 pence dividend target per Ordinary Share for the financial year."

This equates to 12.7% yield at 55p shareprice

Yes, half year report in November, and trading statement was last week

I agree that a better dividend policy for investors would support the share price long term, more than buy backs. Given the percentage of profit ploughed back into the business, I just feel the share price should be going better.

AuMA as at 9 November 2023 were £26.6 billion.

So basically shed only 2.3% in past 11 months.

Looks like manipulation and over reaction to me. Also the HL takeover will most likely have caused some of those sales, as some will move or sell funds with uncertainty.

Will make my investment decisions accordingly.

DYOR and GLA

I'm with you Trek, at £4.87. Happy to keep adding below this.

Personally I like the Redox update. All pretty decent though. Well done.

If you're waiting for 50p I think you may be very disappointed. That ship sailed a while ago.

All IMHO

GLA

Relatively low volume, which lends itself to rapid share price movements. Guess a few are punting on below average results, but who knows? Still buyers around.

Oil closed closer to $81. Should see us over 40p tomorrow, and still very cheap IMO.