In view of the increasing number of companies cancelling/postponing Ord dividends, the latest being banks in the Lloyds banking group tonight, is this practice/ can this practice be extended to pibs, and other fixed intrest instruments ?? Any thoughts or suggestions
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UK had elections just few months ago, and British Public in it's infinite common sense chose BoJo overwhelmingly, too bad that this lot do not have a clue, so now you can fight or flight
Bailey is obviously in the pocket of administration, he'll do as he's told if he wants to be knighted after his BOE stint, instead of suffering like this don quixote - https://en.wikipedia.org/wiki/Sajid_Javid#Resignation_as_Chancellor
Like the dividend, they should invoke force majeure or something and extend out the maturity of ipf1 for maybe 6 months, no point in killing the business completely just to use up precious cash to meet obligations to only one set of stakeholders, there are lot of other people involved in this group in lot of other ways. Cash, expenses and debt obligations are a top priority for any person or business to survive through this -
I'm off > Breaking Your Inertia as you were not enjoying > Increases Performance
do not pm me > Breaking Your Inertia as you were not enjoying > Increases Performance
I'm off > Ego Barrier
do not pm me > Ego Barrier
Ego Barrier > And because our need to be right can be more important than our need to find out what's true, we like to believe our own opinions without properly stress-testing them. We especially don't like to look at our mistakes and weaknesses. We are instinctively prone to react to explorations of them as though they're attacks. We get angry, even though it would be more logical for us to be open to feedback from others. This leads to our making inferior decisions, learning less, and falling short of our potentials - https://www.principles.com/principles-for-success
Blindspot Barrier > The second is the blind spot barrier. Everyone has blind spots. The blind spot barrier is when a person believes he or she can see everything. But it's a simple fact that no one alone can see a complete picture of reality. Naturally, people can't appreciate what they can't see, just as we all have different ranges for singing, hearing pitch and seeing colours, we have different ranges for seeing and understanding things - https://www.principles.com/principles-for-success
https://www.londonstockexchange.com/exchange/news/market-news/market-news-detail/RR./14492066.html
Santander 10.375% non cum pref paid out 6/4
Natwest 9% paid out 16/4
Bristol and West paid out 15/5
Tesco Personal Finance 5% 2020 paid out 21/5
June will be the big month ... or not as the case may be. We will see what happens for :
Aviva 8 3/4
ELLA 8.625%
LLPC 0.25%
CDDS (Nationwide Core Capital Deferred)
Principality 7% (callable 2020)... I see from other thread it has been called
If anyone has any firm news on these for good or ill, please guide my thoughts...
https://www.londonstockexchange.com/stock/SMT/scottish-mortgage-investment-trust-plc
https://www.londonstockexchange.com/stock/USA/baillie-gifford-us-growth-trust-plc
You may need to use MS Edge as I get a browser error in Chrome on this site. ]
Also since that post, it emerges that UK consumer debt has hugely decreased during the crisis (https://www.independent.co.uk/news/business/news/credit-card-loan-debts-paid-off-coronavirus-lockdown-a9544241.html), which on face of things will not decrease Nationwide performance in future stress tests.
Also, I observe price seems utterly stable at 164
Proof of pudding, will be seen later this month.
Edit: Off-topic but this article on their site, sums up post-COVID trends into specific FI strategy recommendations: https://twentyfouram.com/2020/04/27/investors-could-face-another-decade-of-income-scarcity/
not sure about 164, is it like a callable instrument with a ceiling of 164 or maybe some big seller at 164
thank you for these twentyfouram.com links, I was on look out for high quality research material that I can use to help new users understand the financial markets better : )
The Mechanics of the Economic Flywheel and Pandemic Investment Outcomes