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nice to see the reversal in fortune. I am disgusted with those running the London Stock Exchange who want to reduce our top shares to match the price of a' second class postage stamp'. Examine the price of LLOYDS.
I think that it is time for the FTSE top 50% of stock to buy a dollop of their own shares and hold them in Treasury . They could then desert the London market, dropping the listing and go elsewhere where their stock won't be hammered so much ie. DOW or Frankfurt.
London with its horrible crew of shorters is finished. They have destroyed all capital value in top firms. They deserve to be punished.
With the low pound, stocks should be doubled in price to represent lost value, making up for the very weak pound.
This is not a badly run company and does not have the headaches of IAG and RR so we must not be too alarmed. If it moves out of London, it can write its own agenda. The money saved from the split situation could be put to better use. I have reason to be annoyed as I am holding £70,000 in shares here. Admittedly, it is only my largest shareholding amongst others.
Cheers.
I would assume that any shares bought in a large buy-back need not be cancelled but be held in Treasury. Thus dividends accruing would remain in the firm's pockets. I can't see this affecting the capital of the firm. Thank you for your observations SAK50.
With a buy -back there would be a useful saving on dividend payouts. Ultimately the company would save a lot of money and if two billion dollars were spent on this move, the share price IMHO would rise to at least £20 a share.
We as shareholders want to make a profit. The company is very profitable at the moment but capital appreciation is miserable due to the clowns on the London Stock Exchange.
Sak50 reply: it seems that the split is simply a waste of money and adds nothing to shareholder value. The present situation is a disgrace. Forget the split and buy back shares instead. Also leave the London market. Try the DOW or Frankfurt.
It is time Emma did a massive share buy-back. She seems to be asleep on this one. Also the split has been forgotten.Something is amiss here.
it is time GSK left the London market as it does not have a clue how to value this share.
I have accepted their offer. Anybody got a notion about payment date?
Obviously those idiots selling do not appreciate the strength of the dividend here.
Delighted that the price fell today. I was able to pick up an extra few thousand pounds worth of shares. It all helps to make the split more valuable. I keep taking profits from gold and ploughing them into crashed out FTSE stocks. It should pay off in the long run. Cheers and praise for a great company.
I am along term investor.
Why complain? I understand that the market performance is a bit chaotic to say the least but the virus has allowed me to re=shape my portfolio and get rid of a lot of losers. i have to be grateful for that because what I reinvested in was bought at rock bottom prices.
With VOD I am quite happy topping up today. At least it pays a decent dividend and that is a big bonus in these trying conditions. Cheer up, fortune favours the brave.
The new shares will rank equal to the old but the company has been watered down by the RI, so all is diluted and works on the system that you can have a' one pound share' or '100 one p' shares. Because of the dilution the shares are worth less in value so dividends will be smaller but this seems a long way off.
Hope this helps.
It seems Warren Buffett was right in dumping airline stocks. An old dog knows all the tricks and we should learn from his wisdom. I think air travel will never be the same again unless we adopt the lemming mentality and on our peril, ignore the dangers that it has brought to the world. There are probably many other less dangerous diseases transmitted by air travel that we are not aware of. IMHO.
SFO does not take Into account the business practices of foreign countries. As they represent a country which pillaged Africa they have no moral high ground to pass judgement on other countries' business practices. They should start to investigate
themselves. They are not patriotic anymore but seek to make a quick buck to justify their existence.
They would be better employed investigating our corrupt politicians, especially how the Treasury Dept. handled the destruction of Sirius Minerals.
Perhaps that is too near home for them.
We all lost money on Sirius. Hopefully all the hazards have been ironed out and the project rests in honest hands.
I have a feeling that the London Stock Exchange is being corruptly run by criminal individuals for their personal gain. The logical attacks on certain sectors at a regular interval are too pronounced to be accidental. Banks this week, house builders the next, then retailers, etc. There should be a lot of sackings of top management to clear the rats out.
The whole system is corrupt and how the Asian market can affect a share like Persimmon really takes me to the cleaners. it even affects the National Grid. do they really think investors are completely stupid?
Sold out, with a small loss but did not feel like forking out more money for a rights issue. I have accepted the idea that business puts profit ahead of lives and air traffic contributes greatly to the spread of virus diseases, whether we like it or not.
All air traffic should be suspended for 6 months as it is harmful to the health of the world.