Listen to our latest Investing Matters Podcast episode 'Uncovering opportunities with investment trusts' with The AIC's Richard Stone here.
"Government ministers and energy companies are in crisis talks today, as the price of gas has soared in recent weeks, putting several energy suppliers out of business and forcing some factories to stop production altogether."
This is probably the reason for today's drop - ATTM running costs are going to go through the roof. Hope Lloyds aren't running at a loss now.
"Rather short-termism thinking there Disinform"
Perhaps, I just find it unhelpful to focus on buybacks and dividends when the market overall is clearly in turmoil. Bit of patience needed considering the CEO has just started, IMHO.
What's the thing with these ridiculously binary positions? The share's either doomed to collapse under the weight of it's own pitiful transience or it's flying to the moon with Bezos and Musk on a rocket made out of dividend income.
Is there any nuance left in the world or did it all fall in a big hole?
"one minute past midnight the system would be running"
They would probably run the first trial run the day before. The time, as it always is in these things, is the rec - it's a manual check - which needs approvals and controls. You could get a computer to calculate it in minutes if that's all you focussed on, but in reality it's the back office admin that saps the time. And remember these guys do more than dividend processing.