Member Info for riskingit

No country will keep it for themselves - why are you spreading false news

in Yorkshire this is what we call a "reit double whammy"

66% div cut and no doubt a 10% ish share price fall

AllAtSea,
You're right - by law they can't cancel a final dividend (they can cancel an interim) once it's been approved by the shareholders...... But they have

Even Mondi - Who had a cracking 2019 and have a balance sheet the envy of many

Hope you're right Eagle, I've been bitten recently with ex div payments being cancelled.

If things stay stable there is a chance - But it looks like our way out of this will be lengthy with more pain along the way so I hope the regulators leave them be

UVC is routinely used in hospitals to disinfect and only UVC can kill a virus. UVA an UV don't. But 99.9% of natural UVC doesn't reach us becuase of the Ozone, and if more reached us we'd have more to worry about than Covid.

Another silly false news statement

yes

haha certain to pick that one

Not just behind closed doors but apparently the Board will decide what questions to answer from the written submissions.....

Anybody think they will choose from the disgruntled on here

From yesterday's FT - Doesn't mention ETF's........

https://www.ft.com/content/88997d67-bf69-409e-8155-911fc1f2fd6f

US oil prices traded below zero for the first time ever, meaning producers or traders were essentially paying other market participants to take the oil off their hands.

It is the clearest sign yet that coronavirus, which has cut oil demand by up to a third worldwide, has turned the US oil market on its head. 

The price crash came as the US benchmark oil contract, known as West Texas Intermediate, headed towards its expiry date for May delivery, the month when demand hit from lockdowns and travel restrictions is expected to peak.

Each month WTI future contracts, which trade on CME Group’s New York Mercantile Exchange, need to be settled with physical delivery of crude oil, giving a real-world link to one of the world’s most heavily traded derivatives. 

Normally this happens each month without incident or drama. But Monday was different. Analysts believe a lack of available storage capacity at the WTI contract’s delivery point of Cushing, Oklahoma — known as the Pipeline Crossroads of the World — set off panic among traders holding derivative contracts, who found themselves with nowhere to put the oil.

WTI opened for trading on Sunday night at $18 a barrel. By the end of the day it had dropped to as low as minus $40 a barrel.

Hope so oxygen - I mostly invest for dividends and at the moment my capital has been decimated like most other investors and now the income is collapsing

I hold Aviva, Lloyds, HSBC, Mondi, Petrofac & ITV - 20% of my income has gone overnight and I can only see it getting worse.

Why is the WTI fall related to ETF's?

Surely it's to do with traders who had taken out futures contracts and then selling them off at a massive loss when they couldn't take delivery?

I don't understand how ETF's can play a part in this unless they're trading?

No - Aviva, Barclays, Lloyds, HSBC etc fell even further when they cancelled the div

A real treble whammy - Share price falls when ex div, then div cancelled, then share price drops further

it will drop sharply when it goes ex div on Thurs so get your dry powder ready.

A number of companies have recently gone ex div then cancelled the payment - I suspect a fair few more will do the same over the coming months

yes you can sell on the ex div date but not sure what you expect to gain? The share price will fall by the equivalent dividend

LC - On what premise do you say the merket is broken? By their very nature markets are irrational and often under/over shoot. But this is the nature of markets. Any investor worth his salt knows this and doesn't go crying on boards when they're on the losing side of this.

yes

And not "could be", almost certainly will have done, many many thousands I suspect.

And the law as I undersatnd it is clear, once a final dividend has been approved by the sharholders, the BOD can not withhold it - No doubt the regulators will square this circle - It's beyond immoral

Of course Noggers - Most of the banks were ex div when they decided not to pay. Barclays were only a few days away from the actual payment. There should be some retribution but I doubt it - Limited companies by law have to get the approval from shareholders to pay the final div (but not an interim, that's at their discretion) and the directors can not then withhold this.......
But let's see how they get around this

I don't agree the orange buffoon stopped financing the WTO for any other reason than he needs to deflect blame to enhance his chances of re-election. It staggers me that he is still in with a chance

Romaron - I tend to agree with you, I think the oil market has changed forever, the new norm will be less producers taking less risk and operating with lower reserves - even the big boys

No doubt some of the better shale assets will get snapped up but for the first time I can sense shale is edging towards busted flush territory - And tar sands even more so.

The banks can take them onto their balance sheets but will write them down bit by bit