Whats a "breach of contact"? Not answering letters? |
What no RNS that KEFI is being sued for breach of contact for £5.1m starting 28th November. Have KEFI got that money. Probably why they're selling SA assets. |
Safer Gambling Week is a cross-industry initiative to promote safer gambling in the United Kingdom and Ireland. It will run from 18th - 24th November 2024 |
Thank heavens there is SA to fall back on, eh?
Ooooh. |
Rob you link every news story under the sun related to Ethiopia, did you miss this one?
Total basket case of a sector and country. |
Bid went to .63 for a second there, auto sells smacked it one. |
 "Heads of the Ethiopian Securities Exchange (ESX) eye the listing of more than 90 businesses on their boards as the country’s maiden stock market nears inauguration, sources disclosed to The Reporter.
If the ambitions hold true, the number of initial public offerings (IPOs) would instantly surpass the stocks listed on the Kenyan stock exchange, which the minds behind ESX have used as a reference point in the four years preparing for launch."
"The Exchange has managed to raise 1.6 billion birr in capital, far exceeding the initial target, and despite growing interest to invest in ESX, its executives have suspended reviews of new offers, according to the sources."
"Ethiopian Investment Holdings (EIH) holds a 25 percent stake in the Exchange on behalf of the federal government. State-owned firms Ethio telecom, Ethiopian Shipping and Logistics Services Enterprise (ESLSE), the Ethiopian Insurance Corporation (EIC), and Berhanena Selam Printing Enterprise combined hold another 25 percent stake."
"Financial institutions and SOEs are expected to be the first to list on the ESX when it goes live. Firms wishing to make a public offering are required to comply with transparent institutional governance requirements, International Financial Reporting Standards (IFRS), and safeguards meant to instill confidence in investors."
“There is a population of 120 million but the number of shareholders in the country is only around half a million. That is why we are relying on technologies like money market operators to maximize the reach and accessibility of the capital market,” she said.
She disclosed that both local and foreign investors will be permitted to invest in the capital market.
“We recognize retail investors as core investors in the capital market,” said Hana. |
Barry, be kind, they have a dream, as does the pumper TW.
Oh to be an insider eh?
Gisjob2, correct as it fell from 0.64 to 0.59. |
Serious question. What kind of dreamworld are you living in?
They’ve demonstrated they can’t fund or get funding for the mine in a workable timescale.
They are now proposing to sell the meagre resource remaining in SA in a fire sale to the only bidder simply to keep the doors open in hope that the above just may happen.
They can’t service the directors wage bill and have been throwing confetti at them for as long as anyone can remember.
They will be further hundreds of millions in the hole (on what terms, all dread to think) should it ever happen.
Yet, despite all this. You claim they will be in a position to both clear the debt in year 1 of production and pay a substantial dividend.
Of course… |
"What is an acceptable dividend payout ratio?
between 30% and 50%
Determining a “good” dividend payout ratio depends on factors such as the industry, the company's growth stage and an investor's financial goals. For most companies, a ratio between 30% and 50% is considered optimal.27 Oct 2024"
"Dividend payouts vary widely by industry, and like most ratios, they are most useful to compare within a given industry. For example, real estate investment trusts (REITs) are legally obligated to distribute at least 90% of earnings to shareholders as they enjoy special tax exemptions.
3
U.S. Securities and Exchange Commission. "Investor Bulletin: Real Estate Investment Trusts (REITs)," Page 1.
Master limited partnerships (MLPs) tend to have high payout ratios, as well. " |
Interesting links Rob thanks for posting |
Thanks @goatherd.
My very rough calculations suggest that if I bought a million shares now then I could get back more than the cost in dividends in one year. |
A vote down, I note.
Who is it that receives 50% of profit in dividends, we are all dying to know? |
6708
BOL
There comments an avatar that is unfamiliar with receiving dividends. |
I do see the ditching of the Saudi projects as meaning HA is confident the TK go-ahead is very near. |
I would suggest a useful "rule of thumb" is about half the profit. |
Once the debt is repaid what guesses do we have for how much dividends will be paid per share? |
Nobody because it isn't 0.64 |
TW, a staunch supporter, it takes 2 days for dimwits to catch on.
Crackin short from 0.64, but who will take the bet? |
Quite remarkable.
One wonders how these POS keep going for years longer than they ever should, then you read some of the comments from holders (LTH, natch) and all becomes instantly clear. |
I like the fact were solely concentrating on one project. I've seen many companies on aim, junior miners with stakes in different places get stretched financially. It does nothing for the share price as it looks risky, taking on debt. Having a world class project that is funded seems almost mythical. Forget the jam tomorrow stuff, it never materialises. Concentrate on the tangible asset we have. |
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