Cobus Loots, CEO of Pan African Resources, on delivering sector-leading returns for shareholders. Watch the video here.
Obviously we'll see. My belief is that this rather wretched government will start buying votes soon enough - without significant tax changes (although we will probably get some of these in a year or so. However they don't want a property price crash and know what a big bite earner help-to-buy and similar schemes would give. The dividend in a month or so will have a big effect on the sp up or down buttons especially some sort of update on an interim dividend paid in late 2023. I am currently guessing £1.10 announced March for 2022 and 40p interim paid late 2023.
Mostly agree, but a few other angles. Persimmon's calendar trading year is a benefit for annual results - most of 2022 was good and the latter part of 2023 will probably be good as prices will have been adjusted by inflation and interest rates look likely to be starting on their way back down. Couple that with the mortgage holiday incentives and high rents and falling energy prices and red ing inflation levels and I think PSN will be cautious but not dramatically so. Government quite likely to announce further help for young buyers for various political reasons and as a sweetener to thank property companies for paying for the cladding / fire protection stuff that is a big political problem at well. Fingers crossed.
The price has been rising steadily since early December. Wouldn't say it's being held back exactly. Up over 100%. Just hoping the results are decent... Staff costs will be up, there's debt to service and pay-off, cost of shipping and materials up, energy costs up etc. Probably a few little bumps in the road before £1.50!
I'm in and out of Persimmon and Card which is working well. Keeping a nice fat core of each. Card will be entering the 350 fairly soon which should drive the price up nicely. So I think I'm going to change strategy and just hold Card now. Good luck. Can't be long before there's talk of dividends resuming in some small way.
Citibank appears to have a weak little voice or was trying to get the price down for a client. Ignore analysts! They are always wrong!
Definitely the right Andrew Heller? If so, sad - and RIP.
You may be right to some extent, and the economy is hardly doing well, but your 'facts' are completely wrong!
I've seen them get it wrong both ways, but you do need to know to just ignore all that 'data'. It's total junk! Keeping my fingers crossed for a little rise after divs are paid and any reinvestment takes place. Bit concerned over AGM votes which were not supportive of the board and hope the big reported profit last time was not a total aberration.
Just bought in a bit. LSE showing most of my Buys as Sells (this scam should be stopped - probably not LSE's fault) but selling price has dropped a bit. Anyway, hoping price of coal goes back up!
I bailed out once last year (losing £10k) and again a few weeks ago (minimal loss) at £2.55. I like the concept but there's too much competition, the products are too complex for me to understand if they work properly, and the track record of female CEOs (a statistical rather than a sexist statement!) is increasingly poor. I'm staying out and sticking with companies I understand. Good luck, all of you faithful investors.
PSN down more than most builders and really quite a big drop. I expect the impact of having to allow for remediation works will impact profits quite badly but still seems cheap. I bought a bit more!
It depends... The new money in the company would increase the assets and/or reduce the liabilities. If debt was reduced interest payments out would no longer be required which could be used to increase the total dividend paid (and allow a dividend in the first place). And the market value / sp would probably rise more than the cost of the new cash. If it were a Rights Issue and investors followed then they would maintain their proportion of the business. Just throwing an idea out there but it does seem now would be a good time to get dividends going again and I think there's a fair shout that this would increase shareholder value for everybody. A placement would work but I always prefer a rights issue. Just an idea, folks! No suggestion it's happening!
Oddly enough, now might be a great time to raise some more equity via a RI to pay off the debt and reinstate divs. Might be a win / win for shareholders. Ie. whether they invested or not. Share price should rise on the back of the divs even with some dilution.