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yes its water under the bridge! As deep so succinctly puts it onwards and upwards..
or they cancel the treasury shares at the end of the buyback keeping the share price low while the buyback is in progress
assuming you dont switch on your lights with gas then yes
DX continues to outperform management and market expectations:
• Revenue is expected to be £425m (+11% year-on-year) and EBIT £25m (+49% year-on-year)
for the Financial Year ended 2 July 2022
• Net cash was £27m (+61% year-on-year) as at 2 July 2022
• Market consensus expects the Company to deliver £454m of revenue (+7% year-on-year)
and £30m of EBIT (+22% year-on-year) for the Financial Year ended June 2023
Note: Financials stated are reproduced from the Company’s trading update on 7 July 2022 and S&P
Capital IQ as at 25 October 2022
The financial and operational strength of the business, its balance sheet, and management’s
confidence in the Company’s outlook is reflected in the recent announcement of the intention to
implement a progressive dividend policy at an implied yield of 7% today.
More here: https://www.rns-pdf.londonstockexchange.com/rns/2153E_1-2022-10-26.pdf
Its an end of our turnaround era and LD gone draws a line under the whole CG debacle. I think it was an essential positive step toward trading resumption. Yearly trading numbers sound positive. I 've also heard they've been able to maintain customers with inflationary price increases. LD have been instrumental in DX's turnaround but that strategy won't disappear overnight because he departs.
roger that!
bp missed EPS and revenue estimates for the Q122. Dividend remains. I agree its not all bad news but for income seekers yield is better elsewhere for now. It won't stop the short term rampers from seeking a capital gain at the expense of the newcomers. But i suspect when that is over it will return to its support level.
I share your concerns, since its been a while now without update. No point complaining here though. Probably best to write to investor relations.
What will that do to the share price today i wonder?
Could be the auditor is already doing the work but wont agree to taking it on the role until a complete review. Its all speculation. I dont think it hurts to prod investor relations again wrt the Aim Rule 18.
Ports maybe time to write to investor relations.
If you check companies house, accounts made up to 30 June 2021 are due by 30 June 2022. That tells me there is still some time left to put this matter to bed. However, usually this is due 9 months after year end, so maybe a special dispensation has been sought. I expect this to go to the wire.
Your contributions will be missed Sister. Until then.
"Let’s say fair value is £6, then the share buy back at £4.17 was good value."
Do you not see the problem here ? Precisely good value for whom! If the BOD bought on open market then today fair value would be achieved. Investors would flock presumably to pick up a short term gain. Existing holders would benefit with the rise in share price and liquidity. Enhanced company performance with the promise of future buy backs again on the open market would generate further interest from investors. Rinse and repeat.