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The other great PPI scandal is how shareholders have been consistently low-balled, fobbed off and undersold the impact of the redress, leaving them with lower capital returns and lower dividends than they would have expected.'

creeping up.

" In line with normal practice, the Board will give consideration to the distribution of surplus capital at the year end and continues to target a progressive and sustainable ordinary dividend".

They've not used the word " very cautious" before.

At least 90 per cent of claims for PPI payouts are fake, claims bank boss:

https://www.dailymail.co.uk/news/article-7316531/PPI-payouts-fake-cut-date-compensation-looms-claims-bank-boss.html

John McFarlane, the former Barclays chairman, told the Mail on Sunday in September last year: "It is almost inconceivable to think that £50bn was mis-sold. The percentage of fraudulent claims is enormous. We have turned portions of Britain into fraudsters."

Tushar Morzaria, Barclays' chief financial officer, last month claimed the lender was getting thousands of 'vexatious' claims via management companies on behalf of people who did not even bank with them.

Another bank boss told the Mail at least 90 per cent of PPI claims are fake, and of the 10 per cent which aren't, many had not been victims of mis-selling

"Looking further ahead, given the cost pressures the Travel industry is facing in general, which will intensify given the weakness in sterling, plus the deepening Brexit uncertainty and the impact this may have on consumer confidence, we remain very cautious in our outlook".

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/DTG/14214433.html

Probably the only ftse100 stock yielding over 6.5% percent and selling below it's tangible book value. Once the PPI hindrance goes away, we may get some significant dividend growth.

sain, steph, terrace
They used to talk about this company as though it'd stay afloat forever. How misguided they were.

Feel sorry for the usual posters on this BB.

"More companies require newly appointed executives and directors to own shares. As market indicators, these required purchases are irrelevant to outside investors. Other companies encourage ownership by providing stock loans to executives for half the purchase price. These are examples of the company taking steps to align the interests of management and shareholders. While certainly commendable, these transactions do not provide reason for outsiders to buy stock."

https://www.investopedia.com/articles/02/121002.asp

"the CFO must be mentally ******ed for spending over £53k of taxed income. "
He was appointed in Aug. last year. It's a common practice for new directors to buy some shares before the end of their first year in employment and sometimes they're provided a loan by the the companies to do that.

Cash will start to burn if the company keeps making losses for a while.

80p.

"That's why the share price is not £10!"
It shouldn't have been at £10.

The market is overcrowded and the margins are thin.
Yu is very likely to make a loss this year and maybe the next year too IMO.

Lloyds boss Antonio Horta-Osorio sells shares worth £3.6m to buy a house in London

https://www.thisismoney.co.uk/money/markets/article-7316125/Lloyds-boss-Antonio-Horta-Osorio-sells-shares-worth-3-6m-buy-house-London.html

If this bid fails then the shares could drop considerably. I don't think anybody else is interested in this company at the current price, and I don't think TEF can go on much further on their own without raising new money, which would be very difficult for a London builder particularly in the current environment.

Once the PPI hindrance goes away, we may get some significant dividend growth.