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Amati special dividend

Sophisticated and complex high-risk tax-sensitive investments in small companies: handle with care
barchid
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Amati special dividend

#663586

Postby barchid » May 9th, 2024, 3:58 pm

Amati have just announced as a result of their ongoing strategic review to pay a special dividend of 10p a share in June as a result of high cash levels & nowhere suitable to invest their cash at present.
Difficult markets for sure but not exactly a vote of confidence in the company is it ?
Still better to have the cash than another dubious investment in AIM I guess, certainly they have made some big calls the past few years which have not worked out at all well for them...

cprof
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Re: Amati special dividend

#663587

Postby cprof » May 9th, 2024, 4:10 pm

Just a note for DRIS participants. The announcement states that DRIS is not available for this special dividend, quite logical as they have no use for the cash>

barchid
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Re: Amati special dividend

#664976

Postby barchid » May 20th, 2024, 11:02 am

Given that today we hear Keywords Studios, Amati vct's largest single stock holding at 4.7% of the fund as of 31 Jan with the shares then at 1666p, is now under a bid with their shares today at around £24, one wonders if there could be another cash divi on the horizon ?
We know that the board are discussing a possible change of investment policy and are also aware that their cash balance is too high for comfort at present & with no new AIM placings currently which are vct eligible, my gut feel is they may find this latest dollop of cash will put them too close to their allowable limit again, hence another payout is far from impossible imho.


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