RE:RE:RE:RE:RE:CPG range bound...for now@Moemoney42: Unfortunately, I agree with you. Although CPG can easily afford a reasonable dividend, I don't expect the uber conservative management to announce a significant raise to the current dividend. Nonetheless, if the debt-equity ratio looks more appealing, share price should move up.
Moemoney42 wrote: Although I wouldn't balk at that type of divi increase I really don't think its realistic.. I think we'll see small steps going forward.. and I agree a 100% increase is rather pewny, but its a first step in the right direction.. I think the most we can expect by the end of 2021 is 1 cent/quarter.. I hope I'm wrong though.. LOL.. ;-) LiquidOctopusV2 wrote: I concur. The div should get a meaningful increase. I've seen 1800% mentioned. Either way, got to be be patient.
highalpha1 wrote: @Moemoney42: I tend to agree with you that CPG can increase its dividend. But raising it 100% would not do much IMO. The dividend yield for CPG is currently at 0.17%; thus, raising it by 100% would result in a paltry divident yield of 0.34% yield. Still much too low to attract dividend orientated shareholders. I was thinking that CPG could easily announce a monthly dividend of C$0.01/month, which would represent a dividend increase of 1200%. They could budget such a hike out of cashflow without a problem. Such a dividend hike would result in a dividend yield of 2.1% based on Friday's closing price. This dividend would not only be sustainable but if shorters knew they would be having to pay a monthly dividend it may dissuade them from taking on short positions. Let's hope that management is listening and it provides some guidance during Q2 earnings conference call.
Moemoney42 wrote: I've mentioned this before.. I do think CPG can easily increase the divi by 100% for Q3 regardless of the D/CF basis at this point.. and I do think that is what's currently holding the share price back.. along with the short interest.. the optics of that move alone would be supportive of that $6+ price you're looking for.. IMHO.. that increase would only cost ~$5.5 million/yr. That's peanuts, and why I think some here have such distain for management.. they really should pony up a bit.. again IMHO.. although I certainly won't rant on about it.. ;-) highalpha1 wrote: I'll echo some of the sentiments expressed by other posters on this board about CPG's share price. Although we had a nice cumlative pop this past week of over 10%, CPG continues to trade at a substantial discount to its peers.
Like others have suggested, I think that once we break $6, we may quickly go up further from there. There is a relatively high short interest in this company and as some of the shorts begin to cover and others begin to buy in, the price action will move upward quickly.
As I have indicated before, I have a substantial position in CPG. I hope to sell 1/4 of my position in the C$6 handle and hold my remaining position for some time longer.