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But Lloyd’s and the UK government are 2 completely different entities. The issue is the banks will need to be financially robust (and well capitalised) in the significant downturn which is very likely to be ahead of us.
Anybody who believes dividends (across most companies) won’t be slashed is living in cloud cuckoo-land. Lloyd’s will be hit more than other sectors, bad debt provisions will be huge as well lowest IRs in history. Quoting c10% dividend is completely irresponsible!
No, especially looking at the fall on the Futures market over the weekend (trade war related). I’m never sure why people think shares should rise into the ex-dividend period anyway. All things being equal the SP will generally drop by the dividend value. Disappointing times and no two end in sight yet. ATB, Scfc
https://www.google.co.uk/amp/s/www.proactiveinvestors.co.uk/companies/amp/news/901411
LS, I read the article at the time and saw it as largely press tittle tattle. No details in truth. They can only buy if it gets shareholder approval and might need a premium of 30%+ would be required imo. That said, if he wants my shares for over £3 then he can have them and I’ll be out with a profit, lol. ATB, Scfc
There are so many stocks that have fallen massively, decisions like that aren’t taken on “short term” SP falls...this really doesn’t equate to it going private. Why would they want to (and how, financing wise) take it private? ATB, Scfc