I agree. We hold quite a few of these spread across SIPPs, ISAs and ordinary dealing accounts. All are yielding over 5%. A nice solid little company. Let us hope it remains boring. Ex div next week If my memory serves me right.
Not bad results, quite solid and steady with decent margins ,nice dividend increase.
This is a good solid dividend holding although I am not expecting massive profit increases unless the incubator companies give us a nice surprise in the future.
The rather worrying, steady decline to 170p was a reflection that the CFO was in trouble for criminal activity unrelated to the firm - however no details if /when this vital position will be filled whe he returns or is replaced. Share price headed back to 200p when company suspended him.
A weaker half year with debt creeping up as company upgrading plans progress as scheduled, The CEO expects better in next period. Nevertheless dividend up by 0.2 to 3.9p. Market reaction down 3% initially on flat market day.
I would hope to see a CFO soon and trimming of debt as promised, plus progress on filling the capacity at the data centres (built at no small cost and under-utilised).
Busy man, Mr Lamb, as well as being very rich. Made a fortune at Trix which he has just brought to the market last Tuesday and intends to stay on for around 9 months as non-exec chairman. He has been CFO at Manx Telecom before becoming CEO recently. He wont be pleased by the recent news about his MT CFO.
@swiftbird Yes I can see now the price dropped on the ex-div day from 205p to 196p, that's 9p compared to the dividend of 7.2p, so it dropped more than the dividend, and an even bigger drop of 12p from 22nd. However it had started rising significantly on 17th from 200.5p, so taken from 17th May open price the drop was only 4.5p.
At the time the drop looked like it exceeded the dividend, I guess the price has been affected to some extent by declines in the rest of the Telecoms sector. Hopefully the trading update will give reassurance and the price will see some recovery.
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