JT I think the divvy is going down to 7.5 from 10c from what I read ? Are you holding?
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somewhat disappointing results - reporting speed bumps on City Link and Mobile Radio projects & restructuring going slower than planned. The reduced dividend policy seems to be more related to not earning enough to afford the full 20 cts / share they paid so far, than the desire to fund growth. Last years earnings (2013FY) was 14 cts per share, this years earnings (based on the first 6 months) seems to hover around 15 cts per share, unless they have strong growth in the second half. Paying the full lot (15 cts per share) as dividend will not help to support growth, but at least it will reduce future bleeding.
discl: (still?) holding
Cheers BP.Yes re " not earning enough to afford the full 20cents" sounds more accurate than being "dangerous":). Will keep it on watch list but it now moves lower down below the Camry GL :)
Spot on there. The one themes in some of the quarterly, half and full year results were they would .. "keep pumping out those dividends in much the same way as we have over the last 10 years"
Looking at the results their EPS has dropped significantly. I don't think many people will fall for Profit is up 27% rev 77% when earnings per share has dropped well below the previous dividend payout.Its only up because they acquired farm-side which were not in their financial results the last year. Now even paying 15c per share is quite tight.
TTK is a good company , will be looking to re enter once I can see growth is back on track.
Joe Pope (director and chair) is going on a (share-) buying spree - must be a sign he thinks they are now undervalued as well:
TTK: Disclosure of Directors and Officers Relevant Interests
Name of director or officer of public issuer: CHARLES JONATHAN POPE
Name of public issuer: TEAMTALK LIMITED
Position held in public issuer: CHAIRMAN
Number, class, and type of securities: 1 40,000 ORDINDARY SHARES
C Nature of relevant interest and name of registered holder
Nature of relevant interest in those securities: 2 Beneficial interest as
the registered holder
Name of registered holder of those securities 3 CHARLES JONATHAN POPE
Date of acquisition: 4 4-Apr-14
Consideration paid for acquisition: 5 $78,762.69
Great news for TeamTalk: They just announced that they won a quite significant contract in bringing broadband (and cellular) to the Chathams - this should be an outstanding opportunity for them to demonstrate their capability to connect remote places!
https://www.nzx.com/companies/TTK/announcements/249301
Population re 640 in 2011
and dropping.....2013 is 600. Government funding of 2.48 million. That's $4133 each for every man woman and child. I don't know...is it good value for money or not? Admirable goal to enable broadband access for schools and residents...but is the prioritization right? No-one else but Team Talk would be interested....looking for the spots and niches that others have missed (or don't want). Anyway good publicity for them and all good that they are actively pursuing opportunities.
Chatham Islands Territory
597000 Chatham Islands
717
609
600
625200 Oceanic-Chatham Islands
-
-
-
Total Chatham Islands Territory
720
612
600
And 10,000 kg of equipment means 16.666kg per person!