Are we still on for another 50p pay-out by 30th June? Not much time to announce this if this is the case? |
CousinIT
the 10p was classed as a dividend, I don't believe it's included in the target 50p return, but I could be wrong, either way I will be happy with 40p, or 50p, or a longer wait! |
But 10p of that already paid? |
ps
50p equates to c £44m funds realised.
Might have to flog a few HUR to meet that target. |
From the December update:The Fund previously announced, based on the Investment Manager's assessment of the status and timing of anticipated corporate transactions, that it is targeting additional shareholder returns of at least GBP40 million or 50p a share before 30 June 2022. Whilst the Fund is confident that this as achievable, after consulting with a number of shareholders, it is no longer considered to be in the interests of the Fund to impose a fixed deadline but will be keeping it as a target.So min of 50p before 30th June is a 'confident' target. |
Yes, looks like the Equals say will fund the next capital distribution, timing around mid year I believe. |
Equals sales will cover a chunk of it... |
I realise talk of 'dividend' is a bit of a misnomer here, since any cash will surely come from cash realisations of assets. Nevertheless, the main point here is that those assets are currently discounted at up to 30%, so hopefully, the realisations will also be returning actual value to shareholders, as a proportion of that discount. |
kooba, your #686 was pretty accurate in predictions. (As early as 21/02)
Allied Minds meeting goes ahead on Tuesday by the look. RB will be working with Invesco to appoint a (compromise) Chairman and set out immediate future of ALM.
All good. |
This from 22nd December is important.The 50p is a targetThe Fund previously announced, based on the Investment Manager's assessment of the status and timing of anticipated corporate transactions, that it is targeting additional shareholder returns of at least GBP40 million or 50p a share before 30 June 2022. Whilst the Fund is confident that this as achievable, after consulting with a number of shareholders, it is no longer considered to be in the interests of the Fund to impose a fixed deadline but will be keeping it as a target. |
BrucieI think CousinsIT is correct, returns will be made via capital returns rather than dividends. The bit you quote from Nov is very relevant.So we can look forwards to up to 50p return this coming quarter. That will reduce the Nav but the shares are already trading at a large discount to NAV. Although the portfolio is concentrated, there looks a reasonable opportunity here for significant gains without excessive risks.HUR must help. |
So this is what they said following last November's AGM:
"Based on the Manager's assessment of the status and timing of anticipated corporate transactions, the Fund is targeting additional shareholder returns of at least £40 million or 50p a share before 30 June 2022. This would bring returns of capital since the 2013 amendment to the Articles to more than £100 million. When such disposals are concluded, it is intended that returns to shareholders would be paid as soon as practicable. Further significant realisations and returns of capital are planned for the period after 30 June 2022." |
I'm not sure there's much to be read into dividends as they seem to be a route for returning capital rather than relating to underlying income earned... |
Thanks astral, yes, I think I was aware of that. Do you have any notion/idea of dividends for coming year? |
Be very positive and a break out if she's were to close above the 120p level. |
Brucie5Stocko reports the yield on a TTM basis, trailing twelve months.So they are not forecasting a yield. Hope that helps. |
Can anyone tell me why Stocko has the divi here at 10.73%?
Marketbeat has 17.32%
Advfn has zero.
????
Thanks. |
Think crystal amber are agitating the companies they've got shares with, in preparation for making a profit for their shareholders. |
Good news!Clive Vacher, Chief Executive Officer of De La Rue said, "I am delighted that we have reached agreement with the Trustee that continues to honour the commitments we made back in 2020 to pay off the Scheme deficit by 2029, and also introduces further substantial protections for members of the Scheme. At the same time, a GBP57m reduction in cash contributions to the Scheme will clearly benefit the Group's projected future cash generation". |
where does anyone think enav is? my guess is 1.63 |
Thanks kooba |
I'm sure that is the plan..the current board are committed to wind it up and have been promising good things ..unfortunately not delivering. RB tried to oust before and got 47% support . Unfortunately some were persuaded to back the board..this was unwise as they have not come through with the promised progress. This time he will get over the line ..though i expect the chair to stand down before actual vote as he wont have the numbers to survive i doubt very much. |
Good job if it brings increased value to ALM |
CA having another go fro AM Chairs head...as a Allied Minds shareholder glad to see it ! |
Would have thought it must do. |
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