Member Info for my2penneth

It's clear that brokers dont know sht from clay! Indeed, over on the Petrofac board, Mark Bell produced some data which basically said that they didn't have scooby.

From the Telegraph today.

"A split has emerged at the top of BT over whether the telecoms giant should cut its dividend to boost its budget for broadband upgrades.

Philip Jansen, chief executive since February, is said to favour curbing shareholder payouts as Openreach, BT’s monopoly infrastructure arm, accelerates its roll-out of faster and more reliable “full fibre” networks to replace aged copper telephone lines.

However, sources inside BT said Jan du Plessis, the chairman, is keen to maintain the dividend and his own credibility. When he sacked Mr Jansen’s predecessor, Gavin Patterson, last year, Mr Du Plessis insisted new leadership would not mean another U-turn on payouts. Mr Du Plessis is said to enjoy the support of Simon Lowth, BT’s finance chief."

by massive problem - you mean expensive problem! Just think if there was a fire and someone died!

So, besides reputational loss, there will be the costs of

(1) identifying the houses at fault - assume ALL until proven not to be the case
(2) doing remedial work (not cheap) - making sure you don't do damage to furnishings (storage costs for furniture whilst work in progress). Do they need to remove walling and replastering (at least 6 weeks to dry before painting - nevermind applying wallpaper)
(3) cost of housing families in hotels and paying other associated bills (meal costs)
(4) Compensation claims for all the hassle from the families - surely there will be an ambulance chaser or two along any minute once they've identified the scale of the problem and the lawyers see the possibility of a class action claim.

I sold - I got out with a very small profit but I really don't like the way this is going!

Mack the knife's first day .. let's hope he don't cut the divi!

The "big sell" was the uncrossing trade (U/T). Ignore it (or better still, Google it).

Bear in mind the Utes are in many a pension fund. If JC renationalises them , prepare to work longer as your pension will drop in value.

The comments on the state of these industries in the old days (1970s) are pretty accurate. Lack of investment. Looking ahead, where do you think the money will come from to,say, put the infrastructure for car charging networks in place? It won't be from a broken Brexit Britain .

Short levels have increased a very small amount since the trading update. World Quant increased by 0.05%...no other visible short positions. Here's the data

https://shorttracker.co.uk/company/GB00B3Y2J508/

I suspect that short positions sub 0.5% are being opened up, tickling the price down. I cant see GFRD holding a near 14% dividend.

Mr Teagle said
"It's a great opportunity to demonstrate responsible and accountable regeneration through a responsible, accountable partnership."

Pity they didn't get a contract to redevelop Oldham..nevermind the college. You'd have to stick a lot of noughts on the end of 21M though...;-)

Johnson36
I believe all divis that are announced can be withdrawn ( example of this was Provident). Its easier to take back/not pay an interim dividend but harder to take back/not pay a final.. until the money is in your bank account.....

I'm not sure ( but someone will no doubt chip in)

The directors can decide to not pay an interim divi ( even after the XD)
Cancellation of a final needs shareholder approval

Quite pleasing.

is doing alright thank yer very much ! Because he's worth it .... jeez-louise!

https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/AV./14049268.html

Sounds like the 2 can't work together so one has to go..?

I was surprised Jilly Ambrose of the D.Torygraph didn't have a dig..she's slipping! Not much discussion about recent events in the press.

It wouldn't cost Corbyn anything..its the tax payer who gets hit ..twice. once when taxpayer money is used to 'buy'and the second time when they see what has happened to their pension value ( as ALL the Utilities will crash in share price).

NSF - I reckon they'll go out of business if they carry on spending money on lawyers fees. If PFG have any sense they'll carry on the dispute and when NSF goes belly up...they'll step in.

A CEO who is prepared to spend one quarter of the market value of NSF on lawyer's fees arguing with a bigger company....theres only one way this will end up and it's with the share price going to zero! The only winners here are the fee scavenging lawyers...

Looks like someone ego is getting the better of him!

Good point made by Mojo!

Will posters say the same thing?