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FTSE100 falling fast!
Comments
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If the solvent take on the debts of the insolvent they become insolvent too.
This would depend upon the size of the debts taken on and the ability to service it. Not an automatic given, otherwise it would never be done.Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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That's what the Irish politicians and Eric Daniels saidArk_Welder wrote: »This would depend upon the size of the debts taken on and the ability to service it. Not an automatic given, otherwise it would never be done.
"The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
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That's what the Irish politicians and Eric Daniels said
Then neither did enough due dilligence when they had the opportunity.
Is LBG insolvent? Illegal to continue trading if it is.Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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The datasource is wrong, RDSA & RDSB's quarterly dividend has been 42 cents a share every quarter since the beginning of 2009. Currently: (42 * 4 / 1.6391) / 1937 * 100 = 5.29%
Google finance was the source.
I wish I still had access to Bloomberg. $1600/mnth is quite a price to pay though.0 -
To answer that, you'd have to know the value of all its assets. But who knows the true value of any of a bank's assets?Ark_Welder wrote: »Is LBG insolvent? Illegal to continue trading if it is."It will take, five, 10, 15 years to get back to where we need to be. But it's no longer the individual banks that are in the wrong, it's the banking industry as a whole." - Steven Cooper, head of personal and business banking at Barclays, talking to Martin Lewis0 -
Ark_Welder wrote: »Then neither did enough due dilligence when they had the opportunity.
No due diligence was required. AIUI the idea was to keep their mates out of prison for fraud.Ark_Welder wrote: »Is LBG insolvent? Illegal to continue trading if it is.
It's a rule that doesn't seem to apply to banks any more.0 -
Living for tomorrow might mean that you survive the day after.
It is always different this time. The only thing that is the same is the outcome.
Portfolios are like personalities - one that is balanced is usually preferable.
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LBG would be insolvent if it hadn't been bailed out by the British taxpayer, Ireland would be insolvent if the EU/EZ/IMF wasn't lending at artificially low rates.Ark_Welder wrote: »Then neither did enough due dilligence when they had the opportunity.
Is LBG insolvent? Illegal to continue trading if it is.
I do agree with your original sentiment - a far larger entity can swallow up a small cashflow or balance sheet insolvent organisation. However, during this crisis there have been so many poison pills taken by so many egotistical leaders of banks and countries that the sentiment doesn't really apply.
Are the French and Germans doing enough due diligence this weekend to make sure their own finances are not put at risk if the ECB are allowed to buy Italian and possibly Spanish bonds in the open market? No would be my answer. At this point too big to fail becomes too big to bail and the active embrace of moral hazard goes from wrongheaded to potentially catastrophic.
The first part of Google's number is right:Google finance was the source.
I wish I still had access to Bloomberg. $1600/mnth is quite a price to pay though.
Div/yield 25.56/4.41
25.56 * 4 / 1937 = 5.28% (a few basis points difference because it'll be based on the GBPUSD rate at the time of the last payment)
I have no idea where they get 4.41% from though, its not as if they've simply made a mistake of thinking RDS pay out three times a year rather than four.
Personally like Digitallook for free UK share info. Google is decent for a quick look but some of the data has been wrong for years, check out the market cap they have for Signet. Ratner's old co is not worth £8bn more than Tesco! Also, the pricing is based on the last trade. That's okay for liquid blue chips but for illiquid companies - smaller investment trusts for example - it can make a 3%-4% difference in how Google calculates the price of the share making daily performance of its portfolio feature inaccurate."The state is the great fiction by which everybody seeks to live at the expense of everybody else." -- Frederic Bastiat, 1848.0 -
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