Great progress, and great results, good to see occupancy levels above pre pandemic levels. Dividend, occupancy, margin improvement, energy hedging, energy performance /green progress. What's not to like.
Yes great results, looks like a bigger focus on returning money to shareholders, the share buybacks should really make a difference to eps and shareholder returns. Coupled with the dividend looks a great place to be.
Well that looks like a decent set of results, lots of improvement and a positive outlook for the future. Maybe now we can get that overdue re rating. Seems demand is coming back and the knock on effect will be property price increases. Great stuff
RE: 2 years post consolidation.....8 Jun 2022 11:43
Your right,until money is in the bank or flowing in from the royalties then it’s not really accounted for. This is aim and loads of small mining companies have promised the earth and delivered nothing, obviously here it is being delivered and we can see actual photos,satellite images etc but until it’s delivered the market won’t mark it in the price. I feel we are in a golden buying opportunity at the moment here.
Well another steady as she goes update, pointing out a very good Nav performance especially during these tough times. As others have said the discount to Nav is eye watering for such a good steady performer. Not warranted at all. Buy backs and special dividend mentioned 1st July is the record date and 4th August payment date for special dividend,but need approval first. All good in my opinion. A great option for stability and growth going forward.
I bought some yesterday as well, not as many as the 700k purchase though, out of interest I calculated he would have £43,000 a year dividend. Not bad at all.
It peeeees me off because you can see quite a few large buys going through and the buy price has risen quite a bit percentage wise, but the sell price stays the same. I don't want to sell bt the way, but it does make a difference when i look at my portfolio values.
Looking good, I see disposals selling for more than book value which seems to suggest that NAV is calculated correctly or slightly lower than market value. Bookings back to pre pandemic levels. This should trade at nav in my opinion.
I have just purchased some more mtr, I feel that the investment case in copper is growing with the Russian conflict. The thrust away from oil and gas will continue if not increase pace. All those new EVs and wind turbines will need massive amounts of copper. Not to mention any stranded metals in Russia that will probably be sanctioned against.
Well I still feel a balance of shares gold and cash is best. Then you can be prepared for most things. Didn't IG start out originally as a place to trade gold electronically? Anyway its not particularly dangerous to park some of your money here in my opinion, if people are going to short the market where will they go? Volatility has produced good profits in the past here and i doubt that has changed much because of a possible conflict into Europe.
New property added, looks like esp is trying much harder to position for growth and minimise expenses, getting ride of none core assets and re positioning into more profitable properties should pay off here.
Great update, occupancy at Upper end of guidance. Progress on disposal of none core assets at book value. Edinburgh property on target for new academic year. This should trade at nav really with this positive update and the dividend is now back. Very happy to hold.
Great set of results, and with the volatility up igg has got the wind in its sails. Really happy to hold, great dividend while we wait for the price to go up to more realistic levels.