RE: predictions27 Jul 2020 10:01
Walkers world,
The divi was cut to ensure that there would be enough capital to cover an increase in loan defaults as unemployed rose due to the Coronavirus, I would have thought it was plainly obvious to anyone “investing” that it is a good idea to keep enough capital on the books to ensure your company could survive an uptick in defaults?
Isn’t that what investing is about the continued company? Or would you rather them fritter away cash on a dividend and put themselves at risk of collapse so you can watch homes under the hammer on a new tv?