Member Info for jaffjoon

I think they can cancel the dividend up to a few days before actual payment date.. is this correct ? Seems Barclays did the same thing today ?

PFC SP will keep dropping until they pull the dividend. Sounds extraordinary I know but companies are fighting for survival and need to retain cash wherever possible. IMHO

They should cancel the dividend today... reason ? watch what happens to Barclays today.!

Thanks Alto; As you say you have already covered this issue. I should have read the previous posts first...
So in order to assist in cancelling the dividend how can we do it all together here ? how do we get the proxy voting forms /
Is anyone else here in agreement that we should do this ? after all we are shareholders.

The purpose of opening this subject a few days ago was to try to analyse my present investments to find an area where I could invest with a bit more safety and security in mind , all be it for a short time (6-9 months). I was not looking for massive gains, but compared to almost any other industry I concluded that food supply / distribution was one of the safest bets. It does not matter whether Tesco have more vans than drives or even if they are operating them or the whole of their business "At Cost" .. at least they are not at risk of "Closing Down". These are the new limits / levels at which most investors will look at. Its no longer a case of Dividends or large rises, its a case of whether the business is necessary and if something worse happens will the government step in to support a "critical industry" which I believe Tesco would be a candidate.
Do appreciate your responses whether + or -

I`m going to put in my two pence worth on the subject of Dividend as follows:
I feel the sooner PFC cancel the dividend the better instead of leaving it to a vote at the AGM. The reason is that it will be seen by the market (us) as the responsible thing to do and I believe once done, the share price will actually rise (as did Wier & others). Surely in these unpresidented times when "cash is king" and financial reserves are of the utmost importance, handing out dividends could be classified as a reckless move when the future of almost every company globally is questioned and unstable . I am viewing this with the long term future of the company in mind and am already heavily invested in PFC.
Perhaps if shareholder here agree, we could on mass agree to vote against the dividend at the AGM if so how do we do this and where do we get our proxy forms ?
Would appreciate your responses.

Seeking; Am holding onto what I bought so far and if it falls down to 215p I will be buying another chunk. A friend said today that Tesco had limited online deliveries to 80 items per person...! I don`t know where he heard this and he was negative about Tesco due to this. My opinion is "fantastic" they obviously have so many customers that they have to limit them.
Clap tonight at 8 :-)

Seeking; Am holding onto what I bought so far and if it falls down to 215p I will be buying another chunk. A friend said today that Tesco had limited online deliveries to 80 items per person...! I don`t know where he heard this and he was negative about Tesco due to this. My opinion is "fantastic" they obviously have so many customers that they have to limit them.

"Right move" ,not the online estate agent but my feelings on investing in Tesco. I`m not concerned about the dividend and its suspension is already built in. As a matter of fact those companies recently cancelling their dividend are actually seen as taking a responsible stance and have seen their share price rising instead of falling.. unpresedented I know but we are in uncharted waters. In addition the dividend is very small anyway. So the sooner Tesco cancel the dividend , the better.
My further observations are:
1/. The demand for food from Tesco will increase since a/. Everyone has to eat and there are a lot more of them stuck indoors, there are no school , college, university meals, there are no cafe`s, resturants, sandwich shops etc where people would normally eat. The majority will be eating at home for at least 3 months in year 2020. The supplier will be the likes of Tesco.
2/. Although most corner shops will remain open and do good business, quite a few of them purchase their stock from "Bookers" / "Macro" (cash & carry wholesellers) and I note that Tesco actually own them. My local Makro is constantly choker block busy.
3/. Their business is not dependant on highly skilled staff (no offence to anyone, i`m not that skilled myself !) . Therefore a shortage of staff for any reasons including illness can easily be replenished. I actually thought of offering my services to them in case of emergency at the basic pay grade, just to keep myself busy / occupied.

I know my analysis above is not a professional one but i have simply looked at a supply and demand case. Of course I have not allowed for the "Unkown" and one can consider many scenarios from the simple to dramatic which would drastically effect the share price (example: detection of Corona Virus in food !!!) but so far I`m happy with Tesco and investing in it.
Please do add to or correct my comments since I would be interested and appreciate your response.
Don`t forget to get clapping tonight at 8 but don`t catch it !!

Yes, your responses do make good sense and many thanks to both of you.

Can anyone explain the reason for the jump in price today. I have read the RNS that they have suspended work , dividend and buying property etc.. but I would have thought this would have dragged the price down , not up !

What did I miss ? since I`ve beens out of circulations for over 10 days.

Wonder whats in store for us today.. we will soon find out.

Although i stocked up with C, S & B`s a few weeks ago, I don`t think I got enough ! Is it safe to venture out again for more ?
Never thought my pension fund would be completely wiped out like this.....not like this..

Its about time we heard from Iran or North korea about medling in something or another. I predict the timming is ripe for something this week end. No signals... just an alert.

can we have a wipe rounds for those here who have lost so much money that its effecting their ability to put food on the table or buy Toilet Roll !

I`m Back... what did I miss ... OMG.. this is my worst nightmare and as Betrayed predicted, 22 p rapidly approaching. Seems his signal was on the money. My signals were not as accurate ! Tried kicking myself a few minutes ago and ended up with brown marks on the heel of my socks.. wonder what that could be !

Lordie ...lord... here we go again. Apparently they are looking for volunteers to be infected with COVID as a trial and .. get paid for it. It may be a good strategy to recover some losses !

Hi all and thanks for the response . I have had a thought... since some here may have refrained from investing or have larger funds available or made good profits elsewhere, could we start a "donations account" to assist those friends here who have lost badly and are in trouble in these disasterouis times since they may be feeling at the end of their tether ? We can open an account and contribute to it and nominate one of us to distribute funds fairly to the needy on this forum (only). If you all agree, the account will be controlled via a password, signal & secret signal to release funds to that person. Only the person with the signal & secret signal can then receive monetary donations so they can recover and most importantly remain active on this forum. I have already managed to construct a "signal" and will try to come up with a "secret signal" latter tonight..that is if you all agree. Those who are or not up for it , please reply with the signal "A" for: agree strongly , "B" for: agree provisionally. "C" for disagree but open to persuation . "D" for disagree but not sure. Awaiteing your curteosue responses. Regards: JJ

This is turning out to be a disaster for me and many others. When is it going to end ? Every signal I gave has turned out to be wrong (including my secret signal), so apologies if you were following my leader. I do bow to Betrayed and Downout who gave 22 as the signal.. boy were they right or what. But I stupidly followed my own signals. I am now well and truly in trouble with little hope of recovery for years.... as I guess many others are also.