The latest Investing Matters Podcast with Jean Roche, Co-Manager of Schroder UK Mid Cap Investment Trust has just been released. Listen here.
New dividend policy to allow: − Decrease future share issuance from scrip dividends − Increase cash dividend pay out from c. 20% (2014) to a cash pay out between 30-40% New policy to be implemented from the first dividend payment related to the 2015 results: − From 4 quarterly scrip dividends − To stable 1 scrip and 3 cash quarterly dividends (5c each in 2015) − … and, from 2016 onwards, growing cash dividend with net profit and cash pay out ratio between 30-40% of the recurrent profit
Let's hope the market is happy with this and we some some upward movement in the sp. It's as though all interest in this company has evaporated, lately. ATB
I'm still holding and waiting for good news. I think people are selling in order to free up money to invest elsewhere, as this share seems to be stagnant, at present. No news and no publicity. It appears to be off the radar at the moment. ATB Vasco
Let's see how the market views the latest acquisitions. Fingers crossed for a positive response.
It has been good to see the SP steadily rising, whilst we await news regarding the Restoration of The Wire Act bill. The uncertainty, surrounding US Gaming Law, appears to be the only reason the SP has been languishing in the doldrums, for the past couple of months. I am anticipating a strong, positive movement, if and when the bill is rejected. I hope this will be soon, but I really have no idea on the timescale.
It's certainly disappointing to see the sp sliding, so soon after the preliminary results were announced. All we can do is wait and see.
Thanks Becky. Good news. The one thing I cannot seem to find any information on, is: How long it may take, before this bill is either thrown out, or passed. Great AGM statement today and I can really see the lid being lifted off this share, once the uncertainty of US Gaming, is resolved. Hopefully, that day is not too far away. GLA
Half Yearly Results and New contract Win. 2 x RNS available on Stock Exchange.
Well spotted.
Many thanks Julian
Sounds good Jingly Pockets. I also hold some BLNX shares and like you, I am waiting for a price around £2. I'm not sure I wish to hold them long term, but I am prepared to give them a reasonable chance to recover. GL
Thanks Julian What you have said makes absolute sense and sounds like a reasoned and well balanced way of investing. As I said, I have made mistakes (and I don't just mean the odd dog of a share), therefore a more disciplined approach is certainly what I need to pursue. I am always happy to listen to well founded advice. Could I just ask how you initially set about identifying and shortlisting shares which you may wish to investigate and research, before you even arrive at the stage of serious research?
Hi Julian It's good to see you and a few others are still watching this bb. In answer to your question, yes I am in XLM as well. I only have a very small holding, but I will be looking to increase. I am currently undertaking a complete overhaul of my portfolio, as I look to part with the losers and deadwood (too many unfortunately) and replace them with growth shares. I am also trying to reach a better balance. I have not been investing for long and I made the mistake of acquiring some shares too quickly, based on minimal research and very limited knowledge. My 2 largest holdings (by some margin) are QPP & OPAY. Both are showing a loss at present, but I am confident in each of them. My belief is that OPAY will rise substantially, if and when then Wire Act Bill is rejected. Everything I have read indicates that the bill is more likely to fail, than to succeed. Fingers are firmly crossed. GLA
In case some investors are reading this board, but not posting comments, you may be interested in further developments, re the Restoration of The Wire Act bill. There are several related updates on 4flush.com's website. Follow attached link, or just Google 4flush. http://www.4flush.com/opinion/federal-online-gambling-looking-more-and-more-like-a-long-shot/16907 I really believe this share will rise significantly, if and when the bill is thrown out. GLA
Let's hope so. SP seems to have engaged reverse gear again. Does anyone have any idea on the timescale for the restoration of the Wire Act?
Hi Goodfellers. I applied for less than half the additional shares that you applied for and I got zilch.
SP has fallen 55p since Cannacord raised their target price from 460p to 575p at lunchtime of Friday. I doubt that the broker was expecting a sudden plunge, so does this mean they are fully aware of the US online gaming situation and do not consider it an issue, or did they not do their research properly? I would prefer to believe the former.
Another article which makes me feel more confident about the future for OPAY. Again, I have removed www and put spaces in to avoid removal of the link. legaluspokersites.com /news /graham-and-chaffetz-introduce-bipartisan-bill-to-end-online-gaming /3296
With regard to the move to ban online gambling in the US: this is probably the most informative article that I have read. I have omitted the www and left some spaces in the hope that the link will not be removed. Also, the SP of Caesars Entertainment (US online gaming company) have also taken a pummeling this month, down almost 25%. If the link doesn't work, Google "American Wire Act Bill" . nj.com /onlinegamblingnj /index.ssf /2014/03 /federal_legislation_that_would.html
I found the article to which you refer and it is the same (word for word) that I read on another site. We'll just have to wait and see what happens. Cheers.