Member Info for antonyfree

Paying a Dividend is a company loss thus the share price falls to compensate for this.

KNewsArticle Redburn sees TalkTalk ditching dividends Mon, 21st Nov 2016 15:18 (ShareCast News) - Talk Talk´s strategy of raising prices on a shrinking customer base was a poor proposition, even more so with growth in the overall market flat, analysts at Redburn said. Together with increased competition from the likes of Virgin Project Lightning and Vodafone, the prospects for the company were particularly grim, Nick Delfas said in a research report sent to clients. Indeed, Delfas expected the company´s debt covenants to come increasingly into focus. Potential merger partners were also likely to wait for signs of greater sustainability in Talk Talk´s subscriber base, robbing the shares' valuation of the support provided by the chance of a potential tie-up. "As the business shrinks and debt rises, debt covenants will come into greater focus," he added. Nonetheless, "the necessity to combine with either O2 or Three is clear, but unfortunately for TalkTalk equity and bondholders, it is increasingly apparent that merger partners can wait this dance out for a little longer," Delfas said. The Redburn analyst cut his recommendation on the shares from 'neutral' to 'sell' while slashing his estimate of 'fair value' from 150p to 100p. Delfas also no longer expected Talk Talk to pay a dividend in fiscal years 2018 and 2019

smellyben ,said about the Dividend was "just covered is more or less true". That mean it is not. "The biggest concern from more sensible posters is that the divi is only just covered by earnings and that is more or less true." That is the same conclusion I have come to,"so divi should be cut "looks like we are singing from the hymn sheet "takeover target down the line". thought of that one as well. Have a good Black Friday

1. Just checked out the Dividend situation and it appears to conform to HMRC standards .I stand corrected. 2. I have never made "strong accusations" if you carefully read the posts you might read :appears,could ,might,allegedly etc ,etc.It is the talk of leeches because my posts are always looked at. 3. I intend to keep as close to the facts as possible , the stuff of a good shorter. 4.Do not get into a slanging match or abusive language, when one (third person - hope you are learning) starts using capital letters, I have the advantage in articulating thoughts ,ideas and focus. 5.On two bull boards only one person got it write with the dividend situation, and I probably know most reading will not know why. 6.Just being here I am already aware of the low level of research is posted. 7.The level of argumentation of your beliefs in your invest is poor,callone - see me after class. Please write 100 times :I must write down why I invested in the first place 8.Never be flush out by others monologuing or speculating about your reasons for being here. For example :are you invested in here,when are you going to buy in, when are you going to close your short. 9.It is very rare that one person can move the share price as it has done over the last few weeks or days. 10. I am not finished yet

we are a team

What you mean is profit.The Inland Revenue do not see it they way .The law is the Law.

Dividends are unlawful when insufficient profits exist within the company to cover the amounts paid. Rules regarding the payment of dividends are laid down in the Companies Act, 2006 which states, “a dividend or distribution to shareholders may only be made out of profits available for the purpose.”

Under section 847 of the Companies Act 2006 if at the time of the distribution the member knows or has reasonable grounds for believing that a distribution was unlawful he is liable to repay it (or that part of it, as the case may be) to the company.

A company’s profits available for distribution are its accumulated, realised profits, so far as not previously utilised by distribution or capitalisation, less its accumulated, realised losses, so far as not previously written off in a reduction or reorganisation of capital. Under section 277 of the Companies Act 1985, where a shareholder knows or has reasonable grounds for believing that a dividend was improperly paid, he is liable to repay it to the company.

RNS Number: 1472P TalkTalk Telecom Group PLC 15 November 2016 Final dividend expected to be in line with FY16 and broadly covered by operating free cash flow The Board has recommended an interim dividend of 5.29p (H116: 5.29p), which will amount to £50m and be paid on 16 December 2016 to holders on the record at 25 November 2016, with the ex-dividend date at 24 November 2016. “Broadly covered” this appears not to come from retained profits But where from? Operating free cash flow Operating free cash flow = Illegal Dividend 58% of the Dividend appear to be Illegal £21 million retained profit after Taxation, so that leaves £29 million from cash flow.

lol

What to expect possibly today and the following few days. Today: another Holding notice During this week: a Dividend statement. This has the potential to drive the share even further downward

5 Oct 2016 Betfair 'paid £60m illegal dividends' The company has paid out as much as £60m of “illegal” dividends over three years. The “company did not have sufficient distributable reserves”, Betfair has said. Under company law, dividends can only be paid out of “realised” profits to ensure creditors and the company itself are not drained of cash. http://www.telegraph.co.uk/finance/newsbysector/retailandconsumer/11007928/Betfair-paid-60m-illegal-dividends.html If the Dividend is from cash flow the tax rates change and you will lose the Tax benefits From 6 April 2016, the notional 10% tax credit on dividends is abolished. A £5,000 tax free dividend allowance is introduced. Dividends above this level are taxed at 7.5% (basic rate), 32.5% (higher rate), and 38.1% (additional rate

The Dividend Picture "Final dividend expected to be in line with FY16 and broadly covered by operating free cash flow" Does this make sense to you? It this Good Practice? Why not ask a Friend, or your broker? DO not sit in silence, in disbelief? Ask the questions to the statement above, understand what is being said Dividend :a sum of money paid regularly (typically annually) by a company to its shareholders out of its profits (or reserves).

Final dividend expected to be in line with FY16 and broadly covered by operating free cash flow Odey Asset management 0.56% 2016-11-16 short position at the moment TalkTalk that its full-year earnings will come in at the lower end of its forecast, EU GDPR is looming The new regulation will see potential fines increase to four percent of global turnover or €20 million, whichever is higher, meaning TalkTalk would have faced an even more significant amount. We have £994m of committed credit facilities and as at 30 September 2016 the headroom on these facilities was £162m. That means talktalk can borrow money up to £1.156 billion pounds Last Tuesday 16th Nov Dido Harding, Chief Executive Officer sold 96,796 Ordinary Shares at a price of £1.90 per TalkTalk Telecom Group plc (commonly known as TalkTalk Group, trading as TalkTalk) is a company which provides an appallingly poor service https://en.wikipedia.org/wiki/TalkTalk_Group 30thSept2016 Opening Debt of £679,000,000 Closing debt of £847,000,000 an increase of £168,000,000 Profit /loss after Taxation (£m) 21 Million. This is the retained earnings. £21,000,000 -£50,000,000. You can’t count dividends as business costs when you work out your Corporation Tax. The 20 analysts offering 12 month price targets for Talktalk Telecom Group PLC have a median target of 230.00, with a high estimate of 300.00 and a low estimate of 97.00. The median estimate represents a 27.78% increase from the last price of 180.00.

Final dividend expected to be in line with FY16 and broadly covered by operating free cash flow

realised profits

The Companies Act 1985 section 263 states 'a company shall not make a distribution except out of profits available for the purpose'. A company’s profits available for distribution are its accumulated, realised profits

Dividend cannot be given from credit or if the profit and loss sheet show a loss over a number of years This could puts in to question what Dividends HAVE been paid and what dividends WILL be paid IN 2017

cash flow Dividends are Illegal Dividend Please do you own research