Initial media reports out this morning sound quite positive with the higher than previously guided revenue for H1. ITv studios continues to perform well (jewel in our crown) would like to see a separate listing to realise value.
I was, just 1mill trading loss, net liability position with 2.7mill debt and raising funds to develop an asset with planned 265 bpd does not generate cash flow to reverse that - dyor
Competitive discounting is a sign of the times across all businesses and sectors at the moment. Let’s survive and then thrive when favourable market conditions return.
All sounded positive, more talking about 20/21 I liked. Okay no imminent catalysts persay but sounds like a real market share there for the taking and it feels f1 and MA are building a real prospectus for future opportunities (excuse the pun there)
7.4% div yield at current prices. Annual payout is £568k, Oct have 5.4mill at end of march19.
Not bad after key staff recruitment, increased shareholding in GIS to 77% and capital expenditure associated with HK.
David Lenigas made those comments on Twitter, not gis.
All part of previous regime, to sell his RTO shares, so can’t really tarnish john Gunn with that one!
If they drop this to much, I’ll just buy more, simples. All short term factors at play I believe (USA China & brexit deal essentially) should be resolved this year and hopefully business activity and trading picks back up.
For those interested, JG other company octagonal plc Oct.l has a holding in this company. Oct is profitable and pays an annual dividend. Perhaps a risk reduced entry to this holding.