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Newtek Business Services Corp. (0K7X.L)
LSE - LSE Delayed price. Currency in USD
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334 reactions on $0K7X.L conversation
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A good stock for the long term because of their dividend and growth potential. Over the short term, I'd wait for a better share price. $26.30 is okay, I'm looking for a little better.
The dividend just declared for $0.65 puts the new yield at current prices just under 10%. I know newt has a variable dividend so we might see some quarters they just can't pay out such a large dividend, but the commitment to returning capital to share holders is very reassuring. I believe this is still a buy here. The 3 month and 6 month moving averages are both just under $30. So I see a 10% yield with 10% upside.
Just a wild guess in the steep dip is that people bought this for the large December dividend today is ex dividend date meaning that they will recieve the dividend and now they sold out because they are unsure of what Newtek future looks like. Once we got the first 5% drop a bunch of stoploss sales have been triggered. If we go down 15% like we did last large dip I'm buying more.
did u get stocks as 4q-2021 dividend?
it didn't come yet.
The only regret I have with these guys is not buying more every dip. NEWT is awesome, good divs and this drop happens almost every quarter. Not missing out this time
Sure, they're a little bit up and down with their price and dividend. These are the kind of companies you buy and hold, adding on those downtrends.
Who knows what bank charter is going on?
NEWT in a nut shell, if it goes under 26$, just buy more. Repeat!
Just discovered this, looks pretty solid but the payout ratio is a bit high at 70%, anyone have any insight into how stable the div is?
Newt is tanking but we can buy more for the next dividend at low price!
NEWT declares 1Q/22 divvy, .65, x/d 3/18/22.
Yahoo Finance Insights
Newtek Business Services is down 4.94% to 25.00
If you look at the charts, it is not uncommon to drop after earnings. It's the classic, "buy the rumor, sell the news," scenario. Many are here for the dividend, so add shares when there are big drops and keep holding. Increase your income.
I was hoping for another opportunity to buy and the investing Gods have just provided me that. Decembers dividend alone is $1.05/share.
I been keeping an eye on this but just couldn’t commit and it have gone up by $10 since.
I just bought some. Any take on where the $ will go? Appreciate any thoughts. Thanks
Anyone know how much longer this stock is gonna be paying the good dividend? I guess it's up to around 15 percent at this point.
Earnings after the close today.
I can’t wait to read numbers and hear what they have to say.
I love buying these dips and dollar cost averaging down. All the panic selling is over now time to reap the rewards of patience.
Newtek Business Services Corp. has a differentiated BDC model
Newtek is an internally managed BDC; does not pay a 4% management fee to an external manager
Portfolio companies are wholly owned, most for over 10 years
Portfolio company dividends tend to be less sensitive to credit risk, interest rates and inflation, and could
potentially benefit with such increases
Forecast paying an annual cash dividend of $1.84 per share in 2019
Proven track record; Established in 1998; publically traded since September 2000
Over 15-year lending history through multiple lending cycles; great depth and breadth of experience
NSBF does not purchase repackaged loans; instead, originates on a true retail basis leading to strong
credit quality and loan performance
Small balance, industry and geographically diversified portfolio of 1,844 loans with an average loan size of
approximately $181K of the average unguaranteed retained loan balance
Floating rate notes without a cap, tied to Prime and with a quarterly rate adjust
Management’s interests aligned with shareholders; management and Board combined own approximately
6.3% of outstanding shares as of September 30, 2018
No derivative securities in BDC; No SBIC leverage; Do not invest in CDOs or loans with equity kickers,
No 2nd lien or mezzanine financing as a business line
No direct lending exposure to oil and gas industry
After reading some articles online I am now an expert.
NEWT is transitioning from a Business Development Company (BDC) to a Bank Holding Company (BHC). These are legalise terms of how an organization exists and operates.
As a BHC, NEWT can be more involved in different businesses while spreading their overall risk across the different endeavors.
BDCs like REITs must return a high percentage of their profits to shareholders per the law. Not so with BHCs. So although mgmt said they intend to pay the full 2021 dividend guidance, the dividend will likely get cut starting in 2022.....which is also probably the time their BHC status will be approved the Federal Reserve.
Mgmt will stay the same and it seems these smart people continue to maximize all the avenues to be successful in the highly regulated business world.
So now NEWT in the future will be able to reinvest the money that always goes towards dividends back into developing businesses that they oversee.
NEWT has seen great growth and returns as evidenced by their stock's increase. So to me, this transition to a BHC allows them more potential to develop, grow and have even larger positive returns to the shareholders. The problem is this is likely years down the road and investors want money now. So, will investors sell until NEWT is a successful BHC? Totally stinks bc it seemed what NEWT was doing as a BDC was a good thing and now they are taking a step back to take two steps forward.
So I say all this bc I lost 15% of my portfolio tonight in after hours trading. Will the stock drop more in the days to come or do these business restructuring moves bounce back quickly??
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