Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Not sure it's a good idea to view these things from a personal preference. I would assume the BoD will know the best course of action. However that will be from the view of the company. We need to make sure our view aligns with the company's.
The whole World's economy is dropping. Some will be less effected but in general we're all in this together. So we'll all start again from a lower base.
The perverse part is the oil price. Producing at the rate they are under Covid 19 is perverse.
https://www.globalcapital.com/article/b1l0bfg2h8mypd/boe-gives-uk-banks-no-choice-but-to-suspend-dividends-bonuses
The regulatory body for banks has no influence over GSK or RIO as they aren't banks. The government is influencing the companies they can. I believe it's also largely because some banks were bailed out after 2008 and the government feel the public are on their side to get the banks to help. Unfortunately that means shareholders suffer, again.
Trump's answer to the feud was to say they were topping up their strategic oil reserves with cheap oil as a dig at the two feuding countries to deflect the argument that fracking companies would be damaged in the U.S..
If Russia and Saudi Arabia were to stop their feud the oil price should rise again. I find it hard to believe the oil price is down at $25 when it had been $120 and we were supposed to be completely out of oil reserves 20 years ago at the turn of the century. Cheap oil is not good for the environment and not needed at this time when people are not moving around the World and industries are being shut down.
Don't know jaffjoon and frankly haven't checked as it's irrelevant. If they wait till the final date that they can they may preserve the dividend but the SP will fall. If the SP drops 19.54p (the dividend) we'll be back where we are now with cash in May plus the SP. However if Barclays have done it then you already know the answer.
That's not the issue jaffjoon. If they wait until just before the final date that they can the SP will be back at 160p or less. They need to do it now or not at all. Preserve the capital value or the dividend. They can't do both.
The danger is if the company waits to cancel, if it's going to happen anyway. The SP will fall and any benefit from cancelling will just bring it back up to the current position. They with cancel now or not at all.