Gordon Stein, CFO of CleanTech Lithium, explains why CTL acquired the 23 Laguna Verde licenses. Watch the video here.
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The Gov's volte face on the Banks' (as a whole; not just RBS) payment of Dividends rather reflects the similar U-turn on the UK's approach to the Coronavirus pandemic.
Both decisions accept the reality of today's crises and are undoubtedly the correct ones albeit for investors, disappointing.
As I have mentioned before, despite RBS and other major UK Banks being significantly better capitalised than before 2008's credit/finance crash, no Banks have modelled what is in effect close the entire shut down of global trade and economies of most developed countries.
So preserving cash has to be an absolute priority although the cancellation of the Dividend is likely to be a drop in the bucket when the non performing debt figures start to mushroom (and Banks have to allocate Capital against these etc).
Lets hope Sweden rapidly alters course on its Covid-19 measures before their casualties get too significant. Reading their leaders' comments, its almost as if they are time travellers from the WW 1 battlefields.
We really should expect more from our leaders, especially in times of crisis.
B
Looks like the price will go up with 8p tommorow:
Dear Customer,
Royal Bank of Scotland Group (LSE: RBS) has a new RNS.
TIDMRBS
RNS Number : 4132I
FTSE Russell
01 April 2020
Royal Bank of Scotland Group (UK): Cancellation of Special Dividend
Informative Notice
01 April 2020
Following the announcement by Royal Bank of Scotland Group (UK, B7T7721, GEIS Large Cap, FTSE
100) regarding the cancellation of its final ordinary dividend and special dividend (with
a declared ex-date 26 March 2020), FTSE Russell confirms that a negative special dividend
of 5p and a negative final ordinary dividend of 3p will be applied in FTSE Russell indexes
after close today (i.e. effective Thursday 02 April 2020).
For further information please contact FTSE Russell Client Services at info@ftserussell.com
or call: Australia +1800 653 680
Hong Kong +852 2164 3333
Japan +81 3 4563 6346
London +44 (0) 20 7866 1810
New York +1866 551 0617
Alternatively please visit our website at www.ftserussell.com
Terms of Use | Copyright (c) 2020 FTSE Russell
This information is provided by RNS, the news service of the London Stock Exchange. RNS is approved by the Financial Conduct Authority to act as a Primary Information Provider in the United Kingdom. Terms and conditions relating to the use and distribution of this information may apply. For further information, please contact rns@lseg.com or visit www.rns.com.
END
FTSIBMMTMTTMBLM
(END) Dow Jones Newswires
April 01, 2020 06:34 ET (10:34 GMT)
Thanks SonofRobin.
To be honest i didn't know that dividends could be suspended, Once they had gone Ex dividend.
I echo your thoughts entirely but i think we are facing a long challenge ahead of us.
RBS have announced they are suspending all dividend payments for 2020, as in line with other Banks
BOL everyone.