Spyglass Resources Corp SGLRF

dividend

[leo101]

why are people demanding that they maintain a dividend that they aren't earning? these clowns even admit that their all in payout ratio is 132%.  it takes a top notch management team to replace declining production and my pet turtle can tell you that spyglass does not have top notch management.

[Joe454]

This post has been removed in accordance with Community Policy

[shambano1]

a dividend cut will actually make the SP go up not down, and if we get one for the august dividend, you will see SP go back to 2.00 not down. the SP is going on on good volumem why??? DYODD

[rad10]

Shambano - dividend cuts were "priced in" at LTS and PWT last year according to the bboard- but further dips were seen immediately following the announcement.  PWT uptrend continued after a day of trading lower.

[sanityseeker]

I haven't studied the specific circumstances at LTS,  but I have generally seen share prices improve on needed dividend cuts. It's hard to imagine that liquidating this company slowly to sustain the distribution of cash not being earned could by viewed more favourably by the overall market than a dividend cut, particularly when it results in the value of the assets being realized at a

[jelect]

looks like it is being set up for a buyout?

[sanityseeker]

How so?

[jelect]

Im just speculating of course but as you posted high dividend high debt load. Renegade comes to mind. I like most who post here would like to see some positive action taken. not a basher or a pumper GLTA

[sanityseeker]

Excessive debt load and depressed share price (as indicated by hi yield) certainly would have made seeking a sale of Renegade a good alternative, as they had no other cards to play. This may now be the case for SGL also.  These are certainly not the conditions that you would want to create (or exacerbate) ahead of seeking an acquirer if you are trying to maximize the sale price. The assets

[darkstream]

cut div. to .12 from .27 which is still a good yield and start building the company to respectability