Thanks for that great news Habsham. Why is there no annnouncement showing here on ADVFN ? |
$25 million dividend.The dividend will be paid on 23 April 2025, based on a record date of 4 April 2025 and ex-dividend date of 3 April 2025.2025 year to date (to 18 March 2025) gross average production of c.46,400 bopd.Continued strong local market demand, with realised prices averaging between $27-$29/bbl.Cash balance as at 19 March 2025 of $115 million.The recent share buyback programme of up to $10 million, expiring 20 March 2025, has not been renewed in light of the interim dividend declaration and the strength of the Companyâs share price.A good solid update. |
When is the ex-divi date? |
.....worth also noting that the upcoming interim dividend is 60 percent higher than the interim dividend paid on 19 July 2024. If that rate increase continues then the final dividend to be paid October 25 could be in the region of 11.4p taking the total 2025 dividend to round about 20p per share area....a yield of 10% at current prices, though many (who bought when the price was at its lows of 90p in Feb 2024) will be yielding much higher than this of course. |
These results are excellent, FCF even at a net 9.5 bucks per barrel will still yield at least 17.5 p annual divs.At initial export 16 bucks , double those dividends.At PSC economics , at least double those dividends again.Arrears incoming and a special dividend on top??.However GKP will be unlisted this year ?.its sold ?.. |
Cum dividend ....how very LSE PUTUP |
I may be reading too much into this, but am taking it as a positive:
'Should there be any significant UNFORESEEN disruptions to demand OR THE RESTART OF PIPELINE EXPORTS, the Company will update its production expectations as appropriate".Caps are my adjustment.
Or am I misinterpreting that because of my misspent youth 🤷🏻 |
Buyback not renewed---RISK/BREAKS off?
Excellent results and with export restart,contracts agreement and owings repay agreed all possible short term it's all looking good and ending with M&A.
GLA. |
Its welcome the divi but people forget we had £215 mn in Divis in the year prior to the pipeline closing which is why GKPs £150 Mn should be paid immediately. Akipur has been very patient. |
209.8p PAID |
205p paid. |
Looks like they did a halfway house 👍
#720916
Or will they absorb the unused amount back into the new imminent dividend & announce it as a $30m dividend?
Bearing in mind they previously announced a $20m dividend & a $10m buyback last time on 8/10/2025 ? |
Habs, 721120 spot on 👍 |
Thanks Habshan, do they normally do a full divi at higher rate or just 2 lots of similar amounts? Figures look solid with good addition to the cash reserves |
From the website.
"As at 18 October 2024, the Company’s issued share capital consisted of 217,005,286 common shares with no further shares held in Treasury."
At the current exchange rate of $1.30 to the pound $25 million is £19.23million.
Dividing £19.23 million by 217 million works out at 8.86p per share.
And the buyback has not been extended:-
"The recent share buyback programme of up to $10 million, expiring 20 March 2025, has not been renewed in light of the interim dividend declaration and the strength of the Company’s share price. Share buybacks will continue to be considered opportunistically by the Board." |
A good day, let's hope there is more good news today or round the corner. |
If I've read it correctly they are not extending the buyback period. Does this mean they no longer see a threat of shenanigans with share price manipulation? |
I was working out on 216.8 m but that was just off google and not factoring in exchange rate |
8.85 pence I make it |
I think there are about 223 million shares in issue. So 25 million dividend equals 11.2 cents per share, or 8.6p. This is very nice indeed. Makes you realise what the dividend could be when the pipe opens. |
I make it 11.5 cents or roughly 9p a share divi. |
I make it around 8.9p??? |
I make it about 9.5p |
Roughly 11.5p? |
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