This space is reserved for shanklin100 to introduce himself.
Correction. The exchange rate change would explain about 1.5p of the 4p change in the estimated payout.
jjjs So, where did SIA state they would be paying out 22p this year? Answer: They never did. I presume today's sterling-based forecast of 18p is lower than analyst's previous expectations of 22p because the USD is getting progressively weaker against sterling.
jjis, SIA have not made any definitive statement about the dividend. They have just stated what they think it would be based on the guidance they have previously given.
jjis, I think a few over-excitable nervous nellies have sold some shares. IMHO the update looks extremely solid and SIA looks well underpinned and pretty cheap given the low level of risk associated with existing production and the relatively low-risk likelihood of significant increases in both reserves and production rates. All IMHO, DYOR.
Paul Re NXR and the sentence, "There is no change to the Group's forward guidance for underlying earnings or net debt as a result of this update."... ...surely this just states that the land sale is independent of the forward guidance. So they haven't built the expected proceeds into their debt projections which is certainly the prudent approach and the land sale is completely independent…