Telecom Plus Share Price (TEP)

Agreed 100%. Give me dividends, cash in hand is what counts....buybacks help the board & their EPS with less shares in issue.

Virtually all of the profit making companies I am invested in have started 'buy backs' in lieu of dividends. I have yet to see any benefit in the way of share price increase from any of them. Directors appear to be like sheep, follow the herd. What do we pay them for? Many shares are valued on their dividend yield or at least valuation is underwritten in this way. I can see tax advantages for large shareholders but I repeat what I have said before on this board, it is not in the interest of most retail holders many who are relying on dividends for income in retirement.

Quite agree. Today alone the SP drops by yet *another* 3.78% .

Makes one wonder just how much more destruction of captial value is needed for the big shareholders to overcome their dislike of paying tax on their dividends?

Or is it that the real insiders actuallty want the fear and the freefall to keep going until the 23rd, so they can buy whatever shares they don't already own for a pittance, and move towards taking the whole company private?

Haven't checked the shorters lately - but hope they get seriously burned by early announcment of a healthy ongoing dividend - if not a special on top - followed by a solid set of results on the 23rd.

Meanwhile, I just had to buy some more today myself with divs from elsewhere!

It seems as if the change in distribution is the reason for the significant SP drop then perhaps the major shareholders sitting on a huge value drop might see the better way forward is to restore the previous dividend policy. Such a u turn would make sense.

They may announce something in the results on 23rdJune.