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PGL - now the question is - what will the first divvie - be -

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Frequent Contributor

PGL - now the question is - what will the first di...

Tis a great new year gift this R150m and given that I am too lazy to check out balance sheet debt and something tells me it was going to be a chunky dividend ( why on earth -do they not have any other ideas

in which to place the funds into ..? ) 

All makes me wonder what this divvie will amount to given the number of shares in issue  - which figure I know!?     

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Valued Contributor

Re: PGL - now the question is - what will the firs...

no debt and R150m is about 20c a share ? But moe likely they will spend it on something ..

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Frequent Contributor

Re: PGL - now the question is - what will the firs...

I recall them saying there will be a divvie. But like you I think its a waste of opportunity to pay it.   

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Frequent Contributor

Re: PGL - now the question is - what will the firs...

Besides what is the point of paying a divvie when in year 2 thereafter you have nothing to offer - this will always be a lumpy earnings situation as their indicated (?) intention seems to be we buy stuff develop it and then realize it.. so not a truck load of annuity income based on that approach.
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Valued Contributor

Re: PGL - now the question is - what will the firs...

that exactly what my understanding is of what they trying to do .. deal makers not operators

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