Contourglobal Share Discussion Threads

[woodhawk] 14/5/2022 19:14

I have no idea what you are talking about.

[williamcooper104] 14/5/2022 18:59

It's the hold Co leverage - that's the thing that can kill - and indeed did kill/hammer loads of infra funds in the GFC Non recourse asset leverage often against contractually certain income is much lower risk even if it's often highly geared

[woodhawk] 14/5/2022 12:41

Fairly lengthy piece on GLO in the Daily Fail today:

[rogerramjett] 14/5/2022 07:02

Balance sheet is complex and so is the business model. I would say well managed, with liabilities paid down earnings from each asset. These loans must be well covered, hence the ability to raise dividends annually at a predicted rate of 10%. GLO are really letting other peoples money work for them. Maximising potential.

[williamcooper104] 13/5/2022 18:55

Boring is often best I've only a small position here as the balance sheet isn't quite so boring

[gateside] 13/5/2022 17:22

Boring shares are often the best!

Good update today. More than happy to keep holding and collecting the increasing dividends.

[rogerramjett] 13/5/2022 17:15

I'm not worries Woodhawk. I didn't use ADVFN for my assumption anyway. Certainly not expecting anyone to pile in and drive the price up. Its just not that sort of stock. Far too boring.

[km18] 13/5/2022 17:11

ContourGlobal plc issued a Q1 trading update this morning. The current financial year has started positively and overall trading across the Group is ahead of the Board's expectation and continues to underpin the Board's confidence in the continued growth in dividends to shareholders. The Company will pay a dividend for Q1 2022 of 4.9115c/4.0128p per share , equivalent to $32.2 million which is in line with the Company's commitment to an annual 10% increase in dividend per share. Adjusted EBITDA was up 15.3% from $180.6 million to $208.3 million, strong cash flow generation with Funds from Operations reaching $112 million in Q1 2022. The business continues to generate solid top-line and EPS growth, distributions are generous with dividend yield at 8.8%. Valuation is a little unhelpful with forward PE ratio at 21.1 which ranks GLO 6th out of 7 names in the Electric Utilities and IPPs sector. PS ratio at 0.72 is a little more supportive. Everything else points to a solid business and solid investment case, but one to monitor for now....

...from WealthOracleAM

[woodhawk] 13/5/2022 16:37

Just because ADvFN might suggest buys are more than sells, it ain't necessarily so. You can't rely on those guesses, nor do you know what's going on in the the background. Second guessing sells/buys is a mug's game. The sort of money that will move this significantly, isn't going to pile in the moment an update is out.

[rogerramjett] 13/5/2022 16:15

How funny. Great quarterly results. 10% increase in dividend. More going forward and the price is now backwards. 🤣🤣. Buys outweigh sells by 4 to 1 roughly. Funny.

[woodhawk] 13/5/2022 13:19

Still limited at 500 max at IG Index. Bought via direct market access option instead.

[scrwal] 13/5/2022 13:12

ii currently give live quotes for 2,750 share buys.

[scrwal] 13/5/2022 13:09

The divi is 4.0128p as per the rns.

[woodhawk] 13/5/2022 12:03

contourglobal-points-to-its-inflation-protection-as-the-first-quarter-beats-expectations

"The company is in the process of reshaping the portfolio, announcing that the disposal of its Brazilian hydro assets is on track for completion and it continues to progress the sale of its Brazilian wind assets. The proceeds are likely to be reinvested in other assets if the right opportunities are available or returned to shareholders."

hxxps://www.sharesmagazine.co.uk/news/shares/contourglobal-points-to-its-inflation-protection-as-the-first-quarter-beats-expectations

[woodhawk] 13/5/2022 10:35

The share price movements with this share baffle me. This morning I could only buy maximum lots of 500 shares. So, I may buy another chunk using DMA when i free up some funds.

[rogerramjett] 13/5/2022 10:29

SP doesn't seem to want to go up though !

Lots more buying than selling.

[rogerramjett] 13/5/2022 10:04

Even better news. All mine in an ISA. Took another 5k shares this morning.

Added GKP also. Small amount due to greater risk.

All out of cash for now.

[woodhawk] 13/5/2022 07:51

That's right, no withholding tax.

[wallywoo] 13/5/2022 07:51

UK listing, UK rules on tax. Ie, currently none, and especially worth it in ISa, SIPP accounts.

[rogerramjett] 13/5/2022 07:44

No withholding tax I assume?

[wallywoo] 13/5/2022 07:37

No, it's calculated in dollars and converted to pounds at whatever the exchange rate is at the time.

[ramellous] 13/5/2022 07:34

Do these pay their divi in usd?

[woodhawk] 13/5/2022 07:12

...and the Brazil sale on track too, with proceeds to come. Great stuff! With improvement in our favour in the current exchange rate, £ divi up more than 10%.

[wallywoo] 13/5/2022 07:10

Great looking trading statement. Ebitda up 15 percent, dividend up 10 percent. Future bright. At current exchange rates the dividend is over 16p per annum. That's a 8.5 percent yield.


Great stock for tricky times!

[woodhawk] 12/5/2022 13:41

Obviously it *could* be an option, as could a special dividend. Hopefully, we'll find out soon, if not tomorrow.