The sp is in the gutter and it's a good bank compared to its European peers. I still think it's reckless to be issuing dividends. Anyway I'll take their couple of grand but is this the right way to be flittering out cash?
Lower dividend trajectory; price target of 26c per share At its FY 2015 results, BOI announced its intention to recommence dividend payments with FY 2016 results. We continue to assess BOI’s dividend capability using a 12% fully loaded CET 1 ratio; on this basis, we retain our view that dividend re-instatement will occur with FY 2016 results, albeit at lower levels than previously forecast as we adopt a more conservative view of dividend pay-outs and progression. We forecast a pay-out of c.25% of FY 2016 earnings, equating to a dividend yield of 3.3% on the June 28th closing price.
Torquay. Unfortunately the education system in many countries are not reacting to the new norm. Germany perhaps is a bit more proactive. They know the type of jobs certain people will be capable of doing and train accordingly. Even there they will not escape the robotics of the future. Badly educated and trained kids in many parts of the UK and many other places are in for a rough time.
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