I'm not talking about the top management......or maybe I am, given that they approved and paid a £400m dividend out of a company midway through a period where they knew they were making substantial losses.
Potential good news if you were going to leave anyway. Not so if you want/ need to remain because the roll of a postie is going to get even worse than it is now I fear.
I would hazard a guess that if they offered even 6mnths pay as VR they would get 6000 posties putting their hand up and waltzing off into the sunset with a smile on their face with 10k in their back pocket off to the job they were going to go to anyway. Will be interested to see exactly how much they have in mind for VR as they have said it won't be what they used to offer.
Gary, I can tell you now that there's no way a FTSE company will have a 19% dividend yield. Either the SP has to rise or the divi had to be cut in half at least. Image the carnage come ex div day when the SP dropped 10% twice (interim and full). Either way you'll be okay long term I think at these prices, just don't expect a 19% dividend.
The whole FTSE is behaving like an AIM oiler who has an imminent drill result. It's crazy. Anyone else think kwartang is playing the markets for the benefit of his hedge fund buddies?
RE: Still a very long way to fall13 Oct 2022 09:39
I don't know Paddy's political persuasion but I don't think it's a Labour /Conservative thing now. It's a Truss/ Kwarteng vs ANYBODY who would be better. God knows why Rishi didn't get in? We would be in a much better place now.
Really thought the news today was priced in and didn't deserve an 8% drop! This is a big company still making big profits. Markets are screwed at the moment. Maybe because you can actually get decent FTSE dividend beating returns on your cash now, people are walking out of the casino?
RE: Article on how National Security and Investment Act 2021 has been implemented in previous cases.10 Oct 2022 17:39
DR , have you also noticed the amount of times she starts a sentence with 'as prime minister '. She's just on a massive ego trip at the expense of most of the country.
Lee that's not how it works. On ex div day the share will, all else being equal, open up down by the same amount as the divi. In this case 25p. being as the SP this morning was 29p less than close yesterday .if you'd sold up quick smart you'd actually have lost 4p a share even taking your divi. Today's drop wasn't due to people pocketing their divi and selling up or else, not at a profit anyway.
Tom, if you had sold at close yesterday, you could have bought back today ,ok, you'd not have the divi in your back pocket, but you would have gained double the divi at 50p a share.