1Semana·

Bulkers special dividend

Does anyone have a plan whether you get a dividend of €11.71 here or whether this is just a mistake?

2020 Bulkers Ltd (OB:2020) announces a share buyback program. As part of this offer, the company will buy back its own shares. The shares can be repurchased at a price of NOK 129.5 per share.

The authorization is valid until 22 April 2026.

https://www.marketscreener.com/news/2020-bulkers-ltd-ob-2020-announces-an-equity-buyback-ce7e50d2dd88f426

www.marketscreener.com2020 Bulkers Ltd. (OB: 2020) announces an Equity Buyback.

10 Comentários

Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

1Semana

Yes, a one-off dividend of €11.71, after which there will never be another dividend because this is a buyback program for treasury shares (see also da🤷🏼‍♂️). Bunkers buys your shares from you at the specified price and you receive the equivalent value. This is not a dividend but the sale of the shares to the company itself.

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Dividendenopi👴@Dividendenopi

1Semana

@Get_Rich_or_Die_Tryin The exciting thing is that QG then immediately raises the forecast for the dividend for 2027 to € 89.20....😂 All in

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Beleggen M.@BeleggenmetDave

@Get_Rich_or_Die_Tryin what would GQ be without your help and information 💪🙏

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Thomas@Divitom

@Get_Rich_or_Die_Tryin This means that I will no longer hold any shares. In other words, no more shares can be acquired.

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@Divitom It's the same with share buybacks, you sell your shares back to the company. You can buy new ones at any time, of course. And the dividend is completely independent of this.

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Matthias@ZaphodB

@Get_Rich_or_Die_Tryin What I also don't understand about your statement is that nobody can buy shares from me without my consent.

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Get_Rich_or_Die_Tryin@Get_Rich_or_Die_Tryin

@ZaphodB is correct. You have to actively accept the buyback offer. However, I haven't gone into more detail about this yet because no questions have been asked.🤷🏼‍♂️

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Matthias@ZaphodB

@Get_Rich_or_Die_Tryin I'm still a bit in the dark. A SPECIAL dividend of 13.80 was announced here for next month and on EX Day at the end of April. However, a link as a condition with a buyback has not yet been made known to me (at least I haven't seen anything !? ). The question is whether the old stock will be drilled up a little by the end of the month or not. So I don't yet know exactly WHAT will happen. Is it the same for others?

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Dividendenopi👴@Dividendenopi

1Semana

This has its place https://2020bulkers.com/mfn_news/2020-bulkers-ltd-2020-nok-amount-for-special-dividend-and-share-buy-backs/

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Matthias@ZaphodB

I don't really know how to categorize it either. It somehow reminds me a little of AVANCE GAS some time ago. I bought a few more shares the other day, but I don't have that many either. Does it make sense to buy more until EX-DAY? I don't know, especially as I don't know what will happen to the share price AFTER this distribution. The share price is currently at 11 euros and a few cents, the announced dividend is 13.80...... sounds a bit suspicious, somehow. So...to buy - or not to buy - THAT is the question here.

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