No an IC sell tip last week.
Normally a good buy signal |
Must have been a buy recommendation |
Well that is a turnaround! |
Buy more that is as already gold |
Tempted to buy as divi is now close to 10%!! |
I'll keep taking the divi its consistent and with the share price it'll return to 180+ within a year I happy to wait |
Currently, the dividend is costing 23.2 million.
7.34p (annual) divi @ 83p share price is 8.8% yield.
"non-operating cash outflows amount to £84.8m." A lot of which is not going to recur, certainly from 2028 and even from next year.
So in 2028 (granted, that's still 3 years away), the dividend could at least double, if not triple.
And still maintain the 9% yield.
Share price surely going up to 180p++ and then just up higher after 2028.
Too long for some to wait I imagine! |
PENSION UPDATE - This is massive:
These provide a clear view of our future pension commitments which will materially step down from the current rate of £59.2m in 2024 to around £15m in 2028.
HISTORIC LEGAL ISSUES - Again, clearly significant:
In terms of our historical legal issues the estimated cost of resolving these is unchanged, with a remaining provision of £9.1m at the end of 2024. This is expected to be fully utilised during 2025 and into 2026. |
Where is the panmure restoration from
Link ? |
Once it goes into surplus, reach will be negotiating with the trustees to pay into escrow. That's what often happens. On sale i would assume that the cash in escrow will be returned to Reach. |
updated cash payments guidance of £61m for 2025 (ex £5m WFPPS top-up), £124m for 2026 and 2027 combined and falling to £15m in 2028. |
Deanowls: can’t find the original information when it was set out for a number of years but given that 60m was paid in the prior year and 59m in the current results, it’s looking fairly healthy in principle.
Of course the share price was hammered first thing, presumably down to decrease in print and not outstanding digital revenue. The only thing holding this back is the latter and of course getting Jimbo out in my humble opinion |
Panmure reiterates BUY at 234p TP and says pension will likely be in surplus in 2025. This thing will go through the roof eventually (yields already up) when macro improves and pension payments wiped (and hopefully at some point completely off balance sheet). |
What are the over payments over the next few years? |
Pension deficit down from 77m to 34m reduced mainly out of cash resources. At this rate it will be cleared in 12m time |
Should go up , hopefully over 90p. |
On target to meet expectations with the dividend maintained and the cash generation should help with the opening, soon see.No pension schemes update. |
Nice results. |
Hopefully we will get good news on the pension schemes together with the earnings report. |
Full results March 4th fill your boots people the price is right. |
Positive pension risk here too with quite a few UK companies now reporting smaller triennial pension deficits (some even surprising with surpluses) |
back over the Pound soon expecting good divi too . the cycle of share price starts again |
Nice start to the week, bodes well for next weeks results. i expect reach will suprise a few.Digital transformation performing well. just my gut feeling |
The one between your ears? |
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