Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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Anyone awaiting a dividend which may not transpire must know they can sell shares worth an equivalent value.Is this trend really necessary?A nice discussion on maypole dancing may be more uplifting.
Stroller, I don't know if you can access this Facebook photo.
https://www.facebook.com/photo.php?fbid=10218746335063032&set=gm.500821567253487&type=3&theater&ifg=1
What is all the fuss about the dividend. We know that when the dividend is paid the price of the share drops by an equivalent amount. Catch 22.
Rosewall , how much of the £3.4 billion was declared dividends?
Not sure legality is determined by business precedent.
As I see it cash is king is the problem here.
If the perception is the "best" needs to conserve cash the worst must be in real trouble.
In the worst case this causes a run on the banks , domino effect.
Livestock,
Personally, I would not say no when the dividend comes along. Part of me wants the dividend as much as anybody. The other part of me doesn't want it to protect the rest of my shareholding. The joys of being a Gemini, so difficult to come to decisions.
Rosewall
"we are all in it together" and we are all taking our share of the pain."
In 5 days time Barclays are paying their dividend with a yield of 9.24%
https://dividenddata.co.uk/dividend-yield.py?epic=barc
Stroller
Over £4.3 billion of cancelled or delayed dividends in the last couple of weeks. There are unlikely to be any legal ramifications given that level of precedence. As to the message that it sends out to the market. It tells the market that cash is king and that prudence rules ok. For society as a whole it says that "we are all in it together" and we are all taking our share of the pain. Most people out there, I would suggest, think that investors are stinking rich.
Having already announced the dividend and it's payment date this raises two questions in my mind.
1) Can lloy now cancel it without risk of legal proceedings being taken out against them ?
2) If lloy which is said to be one of the best capitalised banks in Europe and has recently passed the BOE stress test ( reputedly far more severe than the EU test ) now cancels its dividend payment what sort of message does that send to the market place. ?
OMG. The end of civilisation is coming to an end. The four horseman of the Apocalypse are charging towards us. I am agreeing with Theosus. Woe is me. The end of the world as we know it is at end :-)
There will be normality after this but no as we know it. Might I suggest that you visit the SXX board (not the one that appears in the drop down list where the humour is superb. An example follows :-)
Today 09:32
Bob was in trouble. He forgot his wedding anniversary. His wife was really angry. She told him "Tomorrow morning, I expect to find a gift in the driveway that goes from 0 to 200 in 6 seconds AND IT BETTER BE THERE!" The next morning he got up early and left for work. When his wife woke up, she looked out the window and sure enough there was a box gift-wrapped in the middle of the driveway. Confused, the wife put on her robe and ran out to the driveway, brought the box back in the house. She opened it and found a brand new bathroom scale. Bob has been missing since Friday.
The BoE is just guesswork. No one knows how this will pan out. Things may be better, worse or as they say. Look around you and see what is happening. Do you really think things will go back to normal after this. We have seen what the British stiff upper lip really means when you scratch the surface. The shops were pillaged. No, I would take the BoE report with a very large pinch of salt. I dont see this as being anywhere close to being controilled.
The shock from coronavirus to banks is set to be greater but less prolonged than lenders faced in last year's stress test and the financial system remains resilient, the Bank of England said on Tuesday.
"Major UK banks are well able to withstand severe market and economic disruption," the BoE's Financial Policy Committee said in a statement from meetings it held on March 9 and March 19.
https://www.google.com/amp/s/mobile.reuters.com/article/amp/idUSKBN21B1CT
jamesroo
It's only 59 day to Lloyds divi payday
https://www.dividenddata.co.uk/dividend-yield.py?epic=LLOY
Asperger, keep the jokes up but attacking the elderly id just crass.
Can you do jokes from far far away.
Ouch £4.3+ billion UK dividend cuts / deferrals. And that is just the last couple of weeks. Lloyds isn't on the list yet but, cash is king and the number of bad debts / delayed payments will be high. Cash is king.
All this talk about the divi makes me laugh.Where do you spend it?
It’s almost as if they had foresight of this happening. Pity they didn’t put the airlines under the same stress tests. Now we pay for it again through taxes.
However, the Bank of England warned that the seven lenders – Royal Bank of Scotland, Barclays, HSBC, Lloyds, Standard Chartered, the UK arm of Santander and Nationwide building society – are relying more heavily on their ability to cut dividend payments, banker bonuses, and coupon payments on their corporate debt in order to pass the tests. During the first two years of a severe downturn of this kind, banks would have to make cuts worth a combined £41bn.
“Investors should be aware that banks would make such cuts as necessary if a stress were to materialise,” the central bank said.
The lenders were tested against a crisis scenario involving a 4.7% fall in UK GDP, a rise in unemployment to 9.2%, a 33% drop in house prices, an increase in interest rates to 4% and a near-30% drop in the value of the pound versus the US dollar.
I need Lloyd's Dividend to live day to day
If it's cancelled I be on the phone ASAP to claim Universal Credit
I kid you not I have no other income
But the hidden commission payments matter has not been resolved.
Thanks for the link LTI, 2.2 is excellent
ev
I cannot think why the final dividend for the 219 financial year should not be paid/
Capital buffers have been relaxed.
There is also the coronavirus business interruption loan scheme, a government scheme which secures bank loans for businesses with viable businesses .
EK,
There's major liquidity issues out there . Global Corps hoarding Dollars . Only you can deduce outcome.
https://www.bloomberg.com/news/articles/2020-03-23/mortgage-bond-sales-flood-market-amid-pleas-for-help-from-u-s
BJ
As far as we know there is no continuation of PPI payments from the 2020 financial year.
Will it be paid ? Some say it might not be the case
According to Hargreaves Lansdowne the div cover is 1.04 compared with 1.7 last time. As my son would say "tight"