Member Info for chinch

Absolutely fine Dick to point that out and you're making an opinion. I'd rather not get involved in a discussion about the healthcare system of this or indeed any other country but I see what you are saying. I don't know enough about our Health System to get involved.

Sasa - that's an excellent post thank you and just hope we can get through this asap.

This board is really useful and I would like to thank everyone who posts genuine good info about SQZ. Difficult times but SQZ I have every faith :)

Thanks Dick for clearing that up and respect your opinion. Bulletin boards can be a poison chalice sometimes but I do value your opinion. Hate the phrase but it might be true, we’re all in this together, let’s hope we all get the result we want and not long now.

Totally agree Scaff - they announced it and should carry it through but these are difficult and uncertain times. If they did pull the div I personally would not think anything less of Mitch, ACW et al and would still invest here. That's why I mentioned earlier that this update is so important for a number of reasons.

Lets hope this virus is sorted soon and we get all get back to normal.

Well Dick

I'm not on a lofty perch I have to say and am not sure where you have got that from - probably you didn't read my post in the way it was intended. For your info I have a pretty substantial holding here and was just speaking in general terms not specifically. Yes no div would be a financial loss for me as well as everyone else with a substantial holding. We're all experiencing uncharted waters here and nobody knows when we are going to get back to normal - have you ever lived through a pandemic, probably not. Suggest you read about the Spanish flu there's a good chap and will give you some idea of the length of time a pandemic lasts and what effect it has on economies.

You might have seen a lot of companies pull their div even with Barclays today and that was 2 days before the div was due to be paid that was a disgrace - but no surprise. Appreciate that they are a bank and were are O&G so different industries but surely should work the same in holding onto cash in difficult times.. What I am saying that cash is king at the moment and companies are protecting balance sheets like there is no tomorrow. This SP has tanked about 40% so what would the effect of pulling the div would have - probably not a lot. We all know what we have and what lies ahead drill wise so in these turbulent times it might be better to hold onto a few quid. Investors are running for the hills at the moment and you can see it the way the FTSE is reacting and will still drop a lot further drop as the number of fatalities grows and the economy comes to a grinding halt.

I knew I would get discontentment from some but surely I think you could have worded your post a bit better with a lot more thought.

Anyway, once you're read about the Spanish flu which was the last pandemic then maybe your response might be bit different

ATB

I’m leaning now towards no div and am sure that I will get hammered for this. I’d rather the cash be used to acquire cheap businesses and then would hope the SP would rise as a result. Having a div would install a lot of confidence but 1p or 2p isn’t going to make a huge difference unless you have a basket full of shares like Mr & Mrs Hardy

I think you need to take a look at SMEs Theo. Not all have millions in the bank and most are run on a shoestring due to margins, minimum wage going up etc.. Its disingenuous to say that they are Zombie Companies as most have a part to play in society.

and what will the SP be in a few months time?

Thank you Italian - just wish I could give a brighter forecast but just cannot see it. Most businesses shutting down for months with no income coming in will become short of cash and the banks wont lend as they want to keep themselves afloat. This 80% scheme for PAYE people sounds really good but doesn't come into play if the business closes. Then the Government will have to start paying benefits - with what though?? its a vicious cycle and one that people are not talking about and perhaps cannot see. People will start seeing this playing out sooner or later and will take a very brave soul to invest in equities at the moment....

This is probably going to one of the most important updates for a long time and will see how we are coping with CV. I do hope it is positive...

Absolutely Bench - if this lasts well into 3 months plus the whole economy will go into meltdown and there will be 5 million plus unemployed which will then lead to civil unrest. Whilst the Government seemed to enjoy popularity initially they surely can see what's coming?? The banks hold the key to lending and there is not a lot that the Government can do about it unless they underwrite 100% on any lending which I assume they cannot afford...

Interesting times to say the least and 2008 will seem like a small ripple in the pond compared to this.

So the PRA has the power to tell a Company what to do with their money - who actually is running the show? Is it BOD, Shareholders or the PRA - no prizes for guessing....

Interesting article to confirm that banks are not loaning to businesses

https://www.bbc.co.uk/news/business-52114414

At lease Dick Turpin wore a mask when he robbed people.

To cancel a div 2 days before payment and yet ejet got there's its absolutely outrageous and just tells you how small PIs are viewed.
The £350Bn financial scheme is helping literally no businesses and expect in the forthcoming days/weeks to read that businesses are crying out for money. Unfortunately there will be many businesses that will not survive this as banks wont lend - but I'm not surprised as we have been here before....

All the best everyone and keep safe

Doesn’t matter though does it those comparisons? China is densely populated in areas and that’s the issue. In some areas there’s just fields so to use these figures are a joke. Get an Atlas out and stop scaremongering

If a bid was to materialise at what price though....

Totally agree Midland this virus aint going away in the near future

I have done mate

If that's aimed at me it was a general question - not a deramp if you read my post

Let’s hope so bench.

Appreciate that but this situation is going to rumble on. Getting down to nil debt would be good