Good results, glad to see they are not willing to over pay for acquisitions. Would like to see more organic growth with bolt on purchases and focus on core strengths. |
excellent results |
Actually it says the report & accounts will be out mid-June; the results will be announced......tomorrow! (according to the calendar section on the co website) |
Statement says results will be out mid-June. |
FIH Group (FIH) Earnings-Reaction to Keep an Eye |
Even without oil the FIG is going to invest a lot in local infrastructure from its revenue.
hxxp://en.mercopress.com/2018/06/01/falkland-islands-government-publishes-budget-for-2018-19 |
With a recovering oil price there is greater hope of financial flow through to the Falkland Islands. hxxp://en.mercopress.com/2018/04/20/falklands-oil-industry-final-investment-decision-on-sea-lion-project-by-end-of-the-year |
Good trading update |
Additional air link to Falkland Islands
hxxps://www.ch-aviation.com/portal/news/64471-falkland-islands-issues-rfp-for-added-latam-connectivity |
Ticking up for Christmas. |
I had in mind developments related to oil, nothing specific. |
hxxp://en.mercopress.com/2017/11/28/falklands-launches-consultation-round-to-update-rural-development-strategy |
Is this what you mean ?
hxxp://www.fis.com/fis/worldnews/worldnews.asp?monthyear=&day=28&id=94927&l=e&country=0&special=&;ndb=1&df=0
Galician experts survey Falklands future port development |
Agreed weatherman. No real problems although Momart still struggles and still does not justify its acquisition cost.
It appears acquisitions are still being searched - but with the possibility of big developments in the FI before too long (we hope) it may pay the board to wait and see if good opportunities there present themselves. |
Good report in a quiet period. |
No news about a return of cash to shareholders, but a renewed focus on acquisitions. 4p final dividend, and a promise of sustainable dividend policy going forward. Rowland has left completely and been replaced. And net asset value of 320p per share. |
It is the new investors who seem to want a return of cash - results should be announced tomorrow. |
Maybe as Eddy announced his departure after the consultation statement they might change their strategy again, or wait for the new man to come on board first before working out what to do? |
Still no news on cash back - perhaps they are waiting to update the market on the 13th. |
The point is an announcement should be coming next week, or Monday the 12th, if results are due 13th June. |
"... the Board will be consulting over the coming period with shareholders as to the benefits of a potential return of excess capital and details of our proposals will be made public in the coming weeks, prior to the announcement of the Group's full year results on Tuesday 13(th) June." |
From recent announcements they report 90p cash per share with the possibility of a return of some of it to shareholders. Of course it depends on the formation of a new board. But a reasonable approach would be to return 45p per share through a special dividend, plus re-instate a 15p annual dividend - approx. 5%.
All imo |
This looks like a reasonable outcome. Clean for Rowland who can sail onto pastures new and he gets his 300p. Holders get an investor who has been around a while (looks like went over 3% just over 2 years ago)with plenty of experience of micro-caps. They seem to have a few in Canada. Only other UK holding i can see is 25% of Produce Investments (potatoes), a stake they bought from Tosca in the last year. Were big holders in Fyffes which got bought out by the Japanese a while back so i guess there was plenty of cash washing around. Own a collection of Canadian microcaps too. |
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