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Finweek House View: We will take the divvie
17 November 2011
Media Coverage
CADIZ has had a tough old time of it as a listed entity and when
held up against a competitor like Coronation it almost looks like
it isn't worth being listed. However, CEO Ram Barkai has been
quietly manoeuvring this financial services company into a new era
with a refocused asset management business and a partnership with
BNP Paribas on the securities trading side, which is likely to
yield dividends in the long run. When the company released its
interim results, it indicated that it was going to be paying a
special dividend at the full-year that will make sure investors are
smiling. You are getting a single digit price to earnings multiple,
a healthy dividend yield of somewhere near 8% with the special
dividend. Can't ignore this one.
MARC ASHTON, Finweek House View