Originally Posted by
peat
the special div is what I mean, why would you pay out with one hand , and ask to borrow with the other..... the dividend money would have been their cheapest source of financing wouldn't it? cheaper even than current mkt rates.
so are we not seeing that their majority shareholder (the govt) is influencing their financing strategy. I guess that's okay (or maybe not - shouldn't the directors be making these decisions for the benefit of the company itself) but seems a bit silly to me , form your own opinions of course.