RE: Dividend cut21 May 2025 13:02
From my recent research, I expect the following:
Half the dividend.
Share price up to mid 30's
Prospects for the next period will take the share price up towards 50p as it runs up to those results.
Expect the CEO to buy in after these results, as the cuts have been made, the business in Jan/Feb clearly was on the up, as big cash inflow, which I expect has continued.
So savings have been made, old staff cut, fresh broom, building work recovery, overseas business starts to kick in. but the CEO will not have been in a position to buy recently due to being closed period.