Q: What's your take on the special div?
It's funny, many of the people (non experts) I follow on Twitter/X aren't impressed, as everyone would rather see that money stored up to continue with acquisitions. I guess CSU/TOI/LMN has raised their own bars so high a special div seems small compared with the overall returns people have some to expect from them....
It's funny, many of the people (non experts) I follow on Twitter/X aren't impressed, as everyone would rather see that money stored up to continue with acquisitions. I guess CSU/TOI/LMN has raised their own bars so high a special div seems small compared with the overall returns people have some to expect from them....
5i Research Answer:
We agree it is a bit surprising, but considering how much value TOI/LMN/CSU have created we are not one to second guess this group. The dividend is a flow through from TOI's investment in the Coop. It has a strong balance sheet and the dividend should not impede its acquisition plans in any way. While surprised, we would not consider it 'bad'. The company has only one analyst despite its market cap size, and this might get it some more interest from individual investors and institutions.