Shorters and dividend1 Oct 2014 10:34
What has sent price down this morning is not the sales decline - that was already priced in - but rather the uncertainly of having to wait until November to see what will happen to the dividend. When Tesco dived it was because of the large divi cut. If Coupe was keeping it intact, surely you'd tell the market now? To not do so plays into the hedgies' hands, as people have already said this morning below. Unless Coupe is planning a shock surprise for the shorters in November (maintaining the dividend as is), when they will get burnt?