Great summary - thank you for writing it out. Agree they have been clear on Q1 call already that a possible 2nd dividend wouldn't come until H2 so they have been just consistent in that messaging on the Q2 call.
They got a lot of heat on it in Q1 already so I do hope they view paying twice a year as a mandatory step and fix this as a policy, to avoid doing a song & dance every year. They can clearly afford it and offer a policy of returning 50% of earnings to shareholders via dividends.
At this rate, it would be hugely beneficial to do buybacks but I haven't seen any indications that management is open to that; anyways happy with a fat dividend that works for me too!
Thank you, Samir. I agree, they should be more clear. I would even say they got themselves into trouble with this interim dividend and how to distribute it. I don’t think they will do buybacks, although the valuation would justify it.
Muy buen analisis!
Gracias Elkano!
Great summary - thank you for writing it out. Agree they have been clear on Q1 call already that a possible 2nd dividend wouldn't come until H2 so they have been just consistent in that messaging on the Q2 call.
They got a lot of heat on it in Q1 already so I do hope they view paying twice a year as a mandatory step and fix this as a policy, to avoid doing a song & dance every year. They can clearly afford it and offer a policy of returning 50% of earnings to shareholders via dividends.
At this rate, it would be hugely beneficial to do buybacks but I haven't seen any indications that management is open to that; anyways happy with a fat dividend that works for me too!
Thank you, Samir. I agree, they should be more clear. I would even say they got themselves into trouble with this interim dividend and how to distribute it. I don’t think they will do buybacks, although the valuation would justify it.
Gracias Jose. Grande !
Deseando leer tu siguiente articulo ;-)