Ryan Mee, CEO of Fulcrum Metals, reviews FY23 and progress on the Gold Tailings Hub in Canada. Watch the video here.
Dr. Dilly has repeatedly stated that she expects the deal to be complete and funds to be received by the end of the year .
Both these events are share price sensitive. I therefore expect a RNS to be issued no later than pre market open on Tuesday January 4th 2022 stating they have happened with appropriate detail or an explanation of why they have not happened along with a forward view of revised events. Failure to do so would in my opinion be a breach of market regulations.
My son recently took out mortgage fixed for 3 years. My advice to him was if you cannot afford a 4% increase in your mortgage rate you better start by paying down capital from the start with what you can afford now.
I have a friend who was a very senior figure (now retired ) at a major housebuilding company.
He maintained the secret to a successful housebuilder was a balance between land bank , building and selling - a conveyer belt - with a costing breakdown of 1/3 land , 1/3 build , 1/3 profit.
I don't expect to see the final dividend in excess of 2p - cost £1.5b - leaves room for progressive increases to come
I expect to see share buy back in the order of £1.0b - circa 2b shares
Special dividend of 1.5p would be good - cost £1.1b
Total cost £3.6b
Still leaves plenty of fat to bolster choppy times
Excellent podcast following on from the recent Q&A.
I have no doubt VAL can achieve its objectives.
Following my experience with Sirius my only concern is if a big pharma decides it likes what it sees and rather than paying upfront and royalties to follow it decides to buy the company. If say they offered £1.50 a share ( way below the potential imo ) I suspect most shareholders would take the offer.
It strikes me that whether you wish for a special divi or buy back, or both depends on why you are invested.
I am not overly interested in the SP as I have no intention of selling as long as normal dividends continue and grow . I am looking for final divi of around 1.3p/1.5p making full year around 2p. At my avg price that represents for me a decent return in the current interest rate scene ( yes my shares are in an ISA). In Feb '18 the SP was 67p with 72b shares in issue. In September '21 SP was 45p with 71b shares in issue . So despite spending billions of pounds on buy backs other events have swamped the SP. I believe I could have achieved better returns with the cash thank you very much.
I'm with II.
Despite having my dividend in my account since Monday morning II exercised my DRIP instruction at 11:39 this morning. Just a fraction off the highest price so far this week at 44.4p. With skills like that in the future I will be taking the money and choosing when to buy . Thanks II.
Buy backs of shares of sufficient scale to have a noticeable impact on the share price is not going to happen in my opinion .
On 28/02/2018 the TVR stood at 72 billion and share price around 67p. Since then there have been about 3.5b shares bought back at a cost of circa £2b . At 30/07/2021 the TVR stood at 71 billion and share price about 46p. In short the buy backs need to cover the shares issued via various share schemes - circa 750m in a normal year - and the share price is swamped by other factors. Quite why shareholders seem obsessed with buy backs beats me. Use the spare capital to offset the share issues and with the balance either use it to grow the bottom line or give it to the share holders.
As I have stated before my biggest concern is the longer the BOD sit on an ever growing cash pile the more tempting it will be for the Treasury to raid the pot. Politically seen as a free hit. Popular with the masses as fat cats getting their comeuppance .