A billion in profits, which many publicly quoted companies can only dream off, and it feels like they lost money. Ok so from a business point of view prioritizing a modern computer system and been cautious on the future might make some sense, but no dividend this year is a real let down for share holders. On the numbers today they could have paid out 200mil and changed the picture considerably for us. A dividend paying company opens up a huge new range of individual and institutional investors. as it stands we now have another year in limbo. A dividend would have been a port to anchor in during some very stormy political seas for this year.
The important numbers were actually very good. NIM , CET1 and new lending were all on track and will improve in 2017. They also have considerable write backs available. ANNOYING.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.