Member Info for antonyfree

This argument appears to hang on the term of "realised profits" if there any other factors I stand corrected. However is "operating profit" considered equal as "realised profit"? New Dividend price 2.2218 Pence Final dividend expected to be in line with FY16 and broadly covered by operating free cash flow A company’s profits available for distribution are its accumulated, realised profits Realised profit of £21million 29 Million Of the £50 million “broadly covered by operating free cash flow” could be considered as illegal Dividend or would be viewed as salary. True Dividend would be the Realised profit of £21million thus a reduction of 58% 5.29 - 58%=2.2218 Pence Dividend cannot be given from credit or if the profit and loss sheet show a loss over a number of years 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, 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.

Betfair 'paid £60m illegal dividends' case study,this type of error has happened before.

Realised profit is not cash flow

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. £21 million retained profit after Taxation,so that leaves £29 million from cash flow. What profit are we talking about in relation to the guidance below? Or is the dividend illegal? What to understand more. Guidance for accountants preparing company accounts and auditors on dividend payments which may be illegal 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, 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. Further restrictions are placed on public limited companies. 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. Sections 829 to 853 of the Companies Act 2006 which relate to 'distributions' become effective on 6 April 2008 and replace sections 263 to 281 of the Companies Act 1985. The Companies Act 2006 section 830 states 'a company may only make a distribution out of profits available for the purpose'. The company’s profits available for distribution are as stated above. Section 831 of the Companies Act 2006 imposes further restrictions on public companies and section 832 places conditions on investment companies. 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

Who gets what in Dividends? Working on £50 million pounds for everyone 65% of Talktalk is held between 4 investors, who will receive £ 32,500,000.00 in dividends between them in December 2016 Co-founders Charles Dunstone (30.8% as of 15/4/16) £ 15,400,000.00 David Ross (12.2% as of 15/4/16) £ 6,100,000.00 Capital Group of Companies (15.3% after today's holdings notice). £ 7,650,000.00 Invesco holding of 6.7% (as of 15/4/16) £ 3,350,000.00 That leaves 35% or about 328,125,000 share in circulation £ 17,500,000.00

Odey Asset management 0.56% 2016-11-16 short position at the moment Not much but we live in hope

171.00 646,435 1.105M Is this a buy or a short?

" but I doubt 170, " ........ until at least Wednesday! Apples and Oranges look like we are two days ahead, hopefully we will reach the magic price of 97 pence 170.90 just missed it ,will have to try harder

TalkTalk that its full-year earnings will come in at the lower end of its forecast, as it reported half-year results showing its continuing struggles in its core broadband market. http://www.telegraph.co.uk/business/2016/11/15/talktalk-slides-on-customer-losses-and-lower-earnings-guidance/

While it was the October 2015 data breach that made these particular headlines, TalkTalk customers had fallen victim to scams due to a previous breach. The regulator’s investigation found there had been two SQL injection attacks in the three months prior but TalkTalk was not monitoring those particular webpages. Whether the company ignored the warnings or was simply ignorant, businesses should investigate any signs that an issue exists. 6. EU GDPR is looming The ICO’s fine is a record amount but TalkTalk is fortunate that the breach took place before the EU GDPR comes into force in May 2018. 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. http://www.information-age.com/7-key-lessons-talktalks-data-breach-123462859/

RNS Number : 1472P TalkTalk Telecom Group PLC 15 November 2016 18. Commitments The Group has in the normal course of business entered into various multi-year supply and working capital agreements for core network, IT and customer equipment. As at 30 September 2016, expenditure contracted, but not provided for in these financial statements amounted to £264m

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

The Group is financed through a combination of bank facilities, US Private Placement Notes, retained profits and equity. Committed facilities at the half year totalled £994m (FY16: £944m). The Group's uncommitted facilities total £111m (FY16: £81m). At 30 September 2016, £847m (FY16: £689m) had been drawn down under these facilities leaving £162m and £96m of committed and uncommitted undrawn facilities respectively. Covenants are identical across all funding facilities and the Group was in compliance with its covenants throughout the current period. During the period the Group diversified its sources of funding through a £75m receivables purchase agreement. In addition, a £25m RCF in place at the year-end was cancelled during the period.

in catching as many stop losses today.Automatic selling requires little thought today

If I was a bit cynical that holding notice from today is an Institution trying to hold the share price up

Last Tuesday 16th Nov Dido Harding, Chief Executive Officer sold 96,796 Ordinary Shares at a price of £1.90 per

Does anyone have a more up to date list for the shorts on TalkTalk? http://shorttracker.co.uk/company/GB00B4YCDF59/all

Yes it is difficult to quantify the trading situation. However, it has the potential to be clarified a lot more with -published information- so that investors if they choose to, sell now and buy in later.

When will the share collapse? This possibly could happen if there is news of a dividend cut. The pressure might be on to do this because of mounting costs and debt. The high dividend possibly is acting like loyalty card through these difficult times. Cut the dividend = cut the loyalty, the bear trap .

Investors Chronicle this week had item on TalkTalk suggesting there might be new technologies in the pipe line to combat the problem of customer leaving, so thus attracting them back. Meaningful profitability is a few years off, Follow the link below, you might find the bottom http://markets.investorschronicle.co.uk/research/Markets/Companies/Forecasts?s=TALK:LSE