About an hour ago then the IMF were proved correct? Osborne's plan is not working. Debt is rising not falling? I'm just trying to educate myself is all. I use this thread and no other because these were the only shares I've ever owned. Wanting to understand more before I get my fingers burned is all
have never really had much credibility from memory deemed rather divorced from reality preoccupied wioth theoretical economics. More recently they said George Osborne's recovery plan would never workd and that the Coalition should open the spiggots in the style of Mr Balls. enough said
Just to let you know. I am all liquid at the moment. I have never claimed to be an expert on financial issues unlike some. Empty vessels make the most noise. I was clearly asking a question as to why people are choosing to ignore the imf statement. I have no other I'd on this or any other forum and don'thave any other motive other than to gain an insight. Obviously those who stand to loose a lot from my statement are clearly showing it.
Just a thought, with the govt finances in poor shape due to lower tax intake, I wonder if HMG will consider a bigger sell-off to institutional investors after the divi announcement in order to finance a small pre-election give-away. Not sure how this will effect the SP over and above the short-term fall back to be expected when shares sold at a discount.
Antonio Lorenzo visited the Cardiff office two weeks ago and I was fortunate to have a conversation with him, Let's just say this rumor has some substance to it, he also confirmed that it was not the bank that stopped divis but the pressure from the goverment.
In his own words ' The goverment decided to pay out far to much on PPI instead of allowing divis to be issued'.
If my memory serves my correct he stated that the money paid out so far in PPI equated to a 20p divi.
I know it's been talked about for a while now but I'm very confident that it will be announced.
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