I am long a considerable amount and plan to hold for many years unless the long term prospects change.
The main weakness and of course the real reason for the dividend cut is the pipeline losses north of 25% versus the 10 - 13% range. In effect they were using the loan to pay the dividend some quarters.
Today's weakness, no idea why.
Risk is always the bunkering, especially to the new pipeline. Knowing Nigeria we could have another month or 3 delay in the new pipeline BUT we should have an update the 2nd week of September (I'm guessing on this).
I'll trust management to continue to grow the business and it will filter to the shareholders. I don't expect another cut unless there is a further hit to their cash flow from pipeline losses.
Recent MMT News
- Form NPORT-P - Monthly Portfolio Investments Report on Form N-PORT (Public) • Edgar (US Regulatory) • 09/24/2024 01:08:42 PM
- MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds • Business Wire • 09/23/2024 08:15:00 PM
- Form 3 - Initial statement of beneficial ownership of securities • Edgar (US Regulatory) • 09/19/2024 12:53:36 PM
- Form 4 - Statement of changes in beneficial ownership of securities • Edgar (US Regulatory) • 09/18/2024 05:08:15 PM
- MFS Announces Closed-End Fund Distributions • Business Wire • 09/03/2024 08:15:00 PM
- MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds • Business Wire • 08/27/2024 08:15:00 PM
- MFS Announces Closed-End Fund Distributions • Business Wire • 08/01/2024 08:15:00 PM
- MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds • Business Wire • 07/29/2024 08:15:00 PM
- MODALITES DE MISE A DISPOSITION DU RAPPORT FINANCIER SEMESTRIEL PORTANT SUR LE SEMESTRE CLOS LE 30 JUIN 2024 • Business Wire • 07/24/2024 02:02:00 PM
- M6 Métropole Télévision: Formalities for Obtaining the First Half-Year 2024 Financial Report (30 June 2024) • Business Wire • 07/24/2024 02:02:00 PM
- M6 Metropole Television: Résultats du 1er SEMESTRE 2024 • Business Wire • 07/23/2024 08:46:00 PM
- M6 Metropole Television: Results for the First Six Months of 2024 • Business Wire • 07/23/2024 08:46:00 PM
- MFS Announces Closed-End Fund Distributions • Business Wire • 07/01/2024 08:15:00 PM
- MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds • Business Wire • 06/27/2024 08:20:00 PM
- MFS Announces Closed-End Fund Distributions • Business Wire • 06/03/2024 08:15:00 PM
- GULLI SE DEVELOPPE DANS L’UNIVERS DES PARCS DE JEUX POUR ENFANTS • Business Wire • 05/29/2024 05:47:00 PM
- M6 Group: Gulli Expands Into the World of Children’s Playgrounds • Business Wire • 05/29/2024 05:47:00 PM
- MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds • Business Wire • 05/28/2024 08:15:00 PM
- MFS Announces Closed-End Fund Distributions • Business Wire • 05/01/2024 08:15:00 PM
- MFS Releases Closed-End Fund Income Distribution Sources for Certain Funds • Business Wire • 04/30/2024 08:15:00 PM
- COMMUNIQUE RELATIF AUX CONDITIONS DE DEPART DE MONSIEUR NICOLAS DE TAVERNOST • Business Wire • 04/24/2024 06:00:00 PM
- M6 Metropole Television : Résultats du 1er TRIMESTRE 2024 : • Business Wire • 04/23/2024 04:43:00 PM
- M6 Metropole Television: 2024 First Quarter • Business Wire • 04/23/2024 04:43:00 PM
FEATURED Cannabix Technologies and Omega Laboratories Inc. Advance Marijuana Breathalyzer Technology - Dr. Bruce Goldberger to Present at Society of Forensic Toxicologists Conference • Sep 24, 2024 8:50 AM
FEATURED Integrated Ventures, Inc Announces Strategic Partnership For GLP-1 (Semaglutide) Procurement Through MedWell USA, LLC. • Sep 24, 2024 8:45 AM
Avant Technologies Accelerates Creation of AI-Powered Platform to Revolutionize Patient Care • AVAI • Sep 24, 2024 8:00 AM
VHAI - Vocodia Partners with Leading Political Super PACs to Revolutionize Fundraising Efforts • VHAI • Sep 19, 2024 11:48 AM
Dear Cashmere Group Holding Co. AKA Swifty Global Signs Binding Letter of Intent to be Acquired by Signing Day Sports • DRCR • Sep 19, 2024 10:26 AM
HealthLynked Launches Virtual Urgent Care Through Partnership with Lyric Health. • HLYK • Sep 19, 2024 8:00 AM