Good ol' GH.un $0.0733/mo. & Battling Kasking's "Ask" price$0.0733 That's the old, monthly, post-split, distribution paid out back around 2008-2009, shortly before the epic Global Credit Crisis swallowed over-leveraged businesses whole.
That number, $0.07/mo, has been rattling around in my head lately, for good reason.
"Everything Old is New Again!" I think we are headed back to a magical time when monthly distributions were $0.07/mo.
Kasking remembers! He's probably laughing at me as he reads this story.
Reminds me of the 2004-2005 days, when I had to battle Kasking's ever-changing "Ask" price for Gamehost Income Trust Units:
I'd bid $27.55, he'd ask $29.75.
I'd bid $30.75, he'd ask $32.00.
Cat and mouse, stock market hijinks.
The mouse often beat me!
I usually didn't mind paying a little extra; a few quarters of distributions and a little capital appreciation would make up for my "overbidding"
That's the market. We can't all be expert market strategists like Kasking.
So why the Monday morning ramblings?
After looking at the direction of GH's operations 2023-2024, after looking at the macro Fundamentals for Oil & Natural Gas the next few years, after a few more blocks of GH shares bought back, after this current recession ends, after a little more debt is paid down........................ we shareholders may eventually land in Kasking's giant bowl of Gold Coins, not the chocolate ones but the ones you melt down to make new teeth.
Going to go out on a limb and share my dividend vision with you guys, the regular GH Joes; I see this company has the fundamental wherewithal to go back to a $0.07 monthly payment to its loyal shareholders. There aren't many of us left these days, and that makes us cheaper to feed!
Doesn't mean you'll see it in 2024, but it's quite possible the
$0.07/mo dividend
'Bonus Round' lands within the next 2-3yrs. (Barring any major, unexpected recession)
Who doesn't enjoy a round of 'free spins' on their favourite machine?
Can't buy good management, they gotta be grown from the ground up.
Skin in the game, gang, that's the ticket.
Hang in there.
(I hope my pal Russter is still out there, participating with the rest of us GH long-haulers equally, on a 1-for-1 basis...... "There's no wrong time to make the right decision" ...... Heard
Kasking say that at the Poker table, then everyone folded their hands except him)
Q4's YE Financials out in about a month, Mid-March, going to do my part - The "Hurry Up & Wait" strategy.
Working fine so far. That's what the CRA guys say.