Re. Ingram and Levy have no idea, find it difficult to get an angle on this company although dare I say it seems to be functioning ok. RNS they put out is reassuring re Elevate. VPS doesn't seem to have a lot of followers on this board !
UK Shareholders Association urge none payment of divi18 May 2020 07:21
UKSA are urging Legal and General not to pay dividend as they claim company is sitting on £10 billion of bond losses. I knew they had £1 billion of bond losses but this is a new figure to me. Surprised as UKSA supports the individual investor. Have they got this wrong, has someone rattled their cage ?
Final dividend only rebased last year, is it likely they will rebase 2 years running ? Also Vod must recognise the damage it will inflict on an already battered share price plus pension and fund investors. Given future increased presence from Liberty and Virgin would a chop be sending out the right or wrong signals ? Just a contrarian view which probably carries the kiss of death !
I'm hoping that as it is a savings and investment company rather than insurer may help similar to SLA who have gone XD. Although who knows in these times, fingers crossed. Be nice, almost a novelty to receive a divi this year the way things are shaping up !
Interestingly the only one of the "Big 4 " payers (AV. MNG, LGEN, SLA) to see an increase in share price today is SLA who went XD yesterday. Is this approval they are paying a divi (so far) or are MNG and SLA not being lumped in with the insurers ?
RE: Down 40% in a month this dog knows how to fall22 Mar 2020 13:22
I'm inclined to agree with you zebbo. Whilst I think a lot of Dividends will be history this year and probably reduced for next year I hope a glimmer of hope can be taken from the 'Update on Solvency' available to read on this site. Whilst much has happened since the 17th the statement "Av remains well capitalized...solvency at 175% after payment of our proposed dividend" at least shows an intention to pay as at 17th. Granted things have deteriorated since then but perhaps a glimmer of light ?