It’s probably safe now to speculate about how shareholders are feeling. Nauseous. As in kneeling over a bucket, clinging to the tattered remains of what – just a year ago – were meaningful investments, while being hard-sold more of the same, at a bargain, knock-down price of only just below market value; shares in an ailing company which they know they’ll nevertheless have to buy if they don’t want to received a kick in the dividends. (That’s if there are any dividends in the immediate future.)

Our publisher, in his guest column over at Citywire.

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