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GLO Contourglobal Plc

251.00
0.00 (0.00%)
19 Apr 2024 - Closed
Delayed by 15 minutes
Share Name Share Symbol Market Stock Type
Contourglobal Plc GLO London Ordinary Share
  Price Change Price Change % Share Price Last Trade
0.00 0.00% 251.00 01:00:00
Open Price Low Price High Price Close Price Previous Close
251.00 251.00
more quote information »

Contourglobal GLO Dividends History

No dividends issued between 20 Apr 2014 and 20 Apr 2024

Top Dividend Posts

Top Posts
Posted at 22/9/2022 10:51 by steve73
GRID.. Gresham house storage..

When I bought my GLO originally (about 2 years ago) it was a toss-up between that and the original GHE fund. GLO stayed about flat (until the recent 25% uplift) whilst GHE had increased about 50%. I sold my GLO a few days after the deal was announced, and switched into GRID as GHE looked to be falling.

To be fair, most of the renewable infrastructure funds have added 10-15% since the GLO deal was announced.. e.g. BSIF, FSFL, JLEN, NESF, that I watch, and TRIG (that I've been holding for a few years)..

But where they will go from here is anyone's guess, so DYOR.
Posted at 22/9/2022 04:34 by steve73
g-e...

You can sell your holding at any time and immediately receive around 98% of the ultimate "price". Or you can wait until the deal completes and then have your cash "tied up" for perhaps a couple of weeks until it's finally paid out.

I sold my entire holding within a few days of the initial announcement, and put the proceeds into another renewable funds which has since grown around 15%, as well as attracting similar dividends to what GLO are maintaining.

It's usually only worth holding to the bitter end if you think a better offer will come along.... which IMO is unlikely in this case.

DYOR/NAI etc..
Posted at 25/7/2022 11:27 by keyno
Thanks Aleman and I know that thread. I hold DUKE btw, which I see you mention. I liked the energy aspect of GLO so will be quite sad to see it go from the p/f but happy with the offer. Never satisfied in this game..
Posted at 25/7/2022 10:54 by keyno
GLO was rather a one-off I felt when I bought in last year so assuming the sale goes through in a few months, I'd be interested to know what holders are planning to buy with the proceeds.
Posted at 18/5/2022 08:45 by woodhawk
I've sold out - reckon I can do better over the next 4-5 months with my cash than the couple of % potential gain now on offer here. Offer price reduces to 259.6p after divi as well. Shame to see it go as I like good quarterly divi payers. I intend to top up DEC, HFEL and NESF. Good luck all, GLO has been a very nice little earner for most of us.
Posted at 13/5/2022 17:11 by km18
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
Posted at 11/5/2022 18:08 by rogerramjett
I know its from the asset sale but what is the expectation for the special divi likely to be ?

Looking through last years dividend declarations the release date was 13th May which was a Thursday last year so may be tomorrow morning.

Very tempting to add a few to those I bought the other day. Trying to maintain a balance across my portfolio. Some horror stories such as DLG but I remain invested as the dividend is good and I believe it better than the market prices it at.

I'm liking the investment trusts. NESF and GSF. Also GCP. All holding up well. GLO is another take on the energy theme.

I have a couple of mining shares. One being POLY 🤣. Massively under water on that. The other being RIO. Plus IMB in tobacco.

Trying to be diverse. A few others in their HFEL and some other infrastructure trusts which are non energy.

But GLO has really caught my eye. Forward dividend will be over 8% if they apply the same principles as previous that being a 10% increase. Price in a fairly tight range. Just a cash generating cow
Posted at 10/5/2022 13:51 by rogerramjett
So the actual quarterly dividend currently a 7.6% yield at 0.04465c per quarter will be raised by 10% to 0.04915 from this month and next dividend declaration based upon their policy?

That would make it 8.5% dividend.

Is it worth adding some more ?
Posted at 20/3/2022 20:07 by aleman
Could people please take more generalised dividend chatter to the DIVI thread rather then clogging up specific company threads? Clearly people want to compare notes on different yield shares, and that includes me. There does not appear to be another similar dividend thread on ADVFN so it would be great if we could get more input on the DIVI thread to share yield strategies and opportunities as they develop. It gets posts in fits and starts but would greatly benefit from a bit more posting volume there. The GLO thread could then concentrate on ContourGlobal issues. Thanks.
Posted at 19/2/2022 10:44 by woodhawk
A rare bit of coverage...

"Power generator ContourGlobal (LSE: GLO) has the wind in its sails at the moment. In December it upgraded its profits guidance for 2021 thanks to better-than-expected performance from one of its Spanish natural gas plants. I don’t think this dividend stock’s just a great buy for today, though. I reckon it’s a good way to make money from soaring energy consumption around the globe.

ContourGlobal builds and operates power stations across Europe, Africa and Latin America. Demand for its services should hopefully grow as population levels increase and economic output in emerging markets takes off. I also like this particular energy producer because of its growing focus on renewable energy. This could help its share price rise over the long term as the theme of responsible investing takes off.

But I’m aware that today ContourGlobal trades on a high forward P/E ratio of around 29 times. A premium share price always leaves a company in danger of sinking if earnings forecasts start to look a bit flaky. A project delay is one danger that could send ContourGlobal’s share price reversing sharply."

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