Member Info for Dinoken

Directors Talk - 7 analysts - highest target price £4.65 and lowest target price £3.3 - making average target price of £3.94 !!!
Had to read it twice and check date not 1/4 b4 having a laugh.
Nice if they were right though.

360m for dividend, but mere £58m to 88 staff in sales and trading, even as the division posted an annual loss in 2020...
You could not make it up...

Assuming 800m paid in 2021, then in addition to 364m (3p div) paid in May there should be 436m (3.59p div) paid late Sept (ex div mid Aug). Total for 2021 is 6.59p gives annual yield of 3.79%. 800m promised each year upto 2023. Better than expected IMO

Prior to the article in the Times, today, which quoted AJ Bell, previous guesstimate based on PRA guidelines was 5p for 2021, giving 2-3% yield, paid in H2 2021. Was surprised Bell tolling for 11p.

11p for 2020 says AJ Bell.

Of maritime being sold off? Is JV one option?

Someone has to quote Murphy's Law, its clearly the light from an oncoming train...

NWG seeking buyer for 550million pound portfolio of distressed loans secured against shopping centres. Sadly, cannot see a rush to buy, even looking ahead to ac (after corona). To be handled by that famous estate agent PWC who I guess will get paid even if buyer not found...

NWG 2020 : bankers bonuses £200m, dividends nill. Oink Oink.
Well done Lloyd's for nil all draw.

Article states that the split is scheduled for 'next summer'. Summer 21 or 22 anybody ?

UU&A - fair enough. Have always associated RNO with chain rather than gear. Even big wheel at fair uses RNO chain. Chart says 30 min ac (after Corona), but vaccination fiasco will push ac back by who knows how long ...

Bonus trough wider and deeper than divi pot, and refilled more often. So says Peppa ...

Transmission devices? Wrong board ?

NWG a commercial bank ? Thought it was a gov controlled bank that treats BOE guidance as a direct order.

Div about 2% delayed to post August 2021 and buybacks 2022 earliest against background of sub zero interest rates was broken guesstimate, admittedly bout as useful as the weather forecast ...

Still a bad deal from a distressed seller.

Great film, but title should have read PPI. Just when you think it was all over with August deadline, its back with a vengeance, whereby unsuccessful claimants can now sue for the commission they were charged, which can be upto 80% of the premium. NWG spending 10000 in defense against claims of just 2000. You could not make it up...

JABH - you are quite right, the Metro deal is not terrible, providing you are a Metro shareholder. Indeed, against all odds, it looks like Metro will hit £2 by EOY and £3 by end 2021 ... The money Metro are receiving will enable them to transform their business and then outcompete NWG, while all NWG get is further exposure to mortgage loans where interest rates are swimming like bricks, comparison sites with easy mortgage transfer are becoming the norm, and defaults are forecast to surge. As for 60 percent LTV, means nothing when property prices in some segments have imploded.
IMO, NWG should have bought Metro...

Chart originally said 230 based on retrace factoring vaccine, brexit and divi resumption. Sadly, divi capped, Oxford vaccine suspect, terrible purchase from Metro (whose sp has rocketed) means that lower end of curve expected, which means that everything is already factored in ...

Broomfielder - looks a very poor investment to me and my danish contacts some of whom already have a negative interest mortgage. Told that there are fees payable to bank that result in a monthly payment despite interest rate being negative. However, fees are mainly front loaded, like an arrangement fee, so cannot see any reason to pay premium unless the existing mortgages are fixed rate. Even then, let's face it, those mortgage holders at high fixed rate will simply swap to lower rate mortgages as rates plummet.