Dod101 wrote:
From the 2019 results statement - Reported operating loss of £1,954 million
- Impairment from MJN acquisition £5,037 million
- Dividend held for at least 2020.
Not actually very good is it? But at least they are paying a dividend.
Dod
Which is interesting and just goes to show how we investors look at things differently.
That results announcement to me said increased cash flow and a management prepared to make tough decisions with respect to (non-cash) impairments. Dividends aren't important to me, being held (or whatever) has little affect on my opinion of the profitability, cash conversion, and cash flows available for the company to either retain or pay out, going forward.
Since then the shares are up about 20%.
I didn't hold any, however, having failed to buy back in. Not for the first time either.