Member Info for my2penneth

https://www.malcysblog.com/2020/08/oil-price-petrofac-vog-and-finally/

"Value Investor "...? I would have thought you'd have sold long ago at £ 2.20 per share? Where is the value in the share at £1.25 and effectively no divi for the next year? If that's " value" I will sit at home and burn fivers.

How can anyone be happy with that update. Next divi in 10 months and a possible special in 2 years from now? How is that good?

trading after ( and before) hours occurs. That is how you get the uncrossing trade (UT) value that many see ( and mistake for a massive keen buyer). Trading also occurs before 8:00 am before the market opens, that's why the price might have moved so dramatically at 8:00am .

unions threatening to go on strike? If I was CEO I would say " carry on with these threats and we will close ALL jobs in the UK" .

I would imagine that the shorts are all over this. If they can push the price to below any rights issue price point, the RI will not be successful and the price will fall further.

The SFO case has been going on much too long. The outcome is probably less relevant to PFC than it was. I would imagine that the next big thing for PFC will be an aggressive takeover attempt .

on the 130 qty shares. you should receive a divi for the earlier purchases.

if you bought on 23rd you will not get the dividend. full stop.

Aviva have "got previous " for cutting a dividend...! Aviva reported a good set of financials but then bowed to pressure from the PRA ( Sam Woods' letter)....LGEN continued to pay.

Anyone interested in " dividends" might be interested in the website "The Lemon Fool" (when Motley Fool closed its discussion boards, TLF started).

Uncrossing Trade....occurs just before and after the market opens at 8:00am and just after close at 4:30pm. There is a short time period where dealing of shares is undertaken. Orders placed to buy and orders to sell a share are matched off ( uncrossed) and the average price used to determine an opening price at 8am (or slightly just after 8am). The idea is to maximise the volume of shares traded so the big orders are dealt with first.

At 4:30pm, there is another round of matching sells to buys. The process lasts for 10 mins or so. This sets the start price for the next market day.

There are rules and regs that apply to stop " manipulation" of share prices.

Unless you pay for this facility then you cannot participate in these trading period. Traders who do have the facility can also buy/sell on an ad-hoc basis, raising new orders in the time window . For example, they might see a big sell order and think " I'll have some of that at that price!"

It has absolutely nothing to do with dodgy dealing!

Unrossing Trade... In layman's terms .."just ignore it".

I wrote to investor relations, receiving a reply at the start of this month.

" at the current time we intend to ....."

I am under no illusion that the board will do the decent thing and make up any lost dividend payments. They will pay a reduced divi and pocket the rest in the form of senior bonuses.

However, payment of ANY dividend will depend on the Covid 19 situation. I've been warned by a couple of medical professionals to expect a 2nd wave in Q4 ( when we are lulled into a belief it is over). Thus, the divi will be further kicked into touch....and not just for Aviva

The timing to release the RNS ..last tax day of the year and after trading hours.

the cut won't be 50% ..in all the numerous recent divi cuts not one has reduced it by x % - they have all been FULL cuts for the rest of this year. hence the price fall, this reflects the expected lack of a divi.

Caitlin said
"They will pay out divis when this is over."

But they will take the opportunity to reduce them and increase their divi cover so they can brag about how well the divi is covered.

Please write to investor relations at HSBA to complain if you feel strongly - it's a simple email away.

Complain! To investor relations and to the PRA