But rebranding costs coming out of potential future divie?
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Team Talk will become Vital (VTL) on the 1st July
Well, every dog will have its day...and this day has been a long time coming but credit due for dedication and hard work and also recognition of the importance of a dividend for shareholders. 3 cents plus imputation credits announced and very welcome it is. Hate to see non productive capital not pulling its weight but great to see my stubborn nature not to sell at a loss finally being somewhat justified. Lets hope this brings some life back into the shares.
Well a nice dividend payment into the bank a/c today. Vital has arisen and is looking less like a "night of the living dead" and more like a functioning business. Long may they prosper. :t_up:
EBITDA forecast 8.7 to 11M$, not bad if they can achieve that!
I see Salt filed a notice of holding 5% recently...
See they still hanging in there ...now VTL
Anybody still interested
Result due Tuesday
While company is forecasting a reasonable level of EBITDA, the I, D an A are high meaning that there is not of Net Profit forecast for FY20. While they may have operating cashflow, they continue to plough significant amounts back into the network as they implement their nationwide digital radio network and also underground and modernise their fibre network in Wellington following the removal of the trolly bus above ground infrastructure.
The adoption of IFRS 16 will significantly increase EBITDA but not Net Profit.
Before going all out on VTL I would like to see some signs of bringing these projects to a successful conclusion and getting a clearer view on future profitability and true surplus cash flow levels.
In the half year to December 2019, VTL had operating cash flows of $3.9m but spent a net $4.0m on investing in new property, plant and equipment. Not a lot of surplus cash to pay a dividend from. Second half will no doubt have some COVID-19 impacts.