When you delve into the notes, they do confirm that a substantial number of non valid claims have been received, but my interpretation of the note is that not all claims have been paid. A number seem to have been rejected as no policy was in force and others because there was no misselling. Lloyds acknowledge in the note that the time limit on PPI claims is as yet only a proposal by FRSA and unfortunately there is a significant cost to be suffered for each claim, whether successful or not. Over £2b reserve still held against PPI claims.
As I fear it will retrace today, it will probably go higher because I cannot read this share. Hold. Lots of little people selling now but I think the big investors will start to dabble in the coming weeks. Heading north until Brexit.
It is not meant as bullying or a personal insult, I am just saying what my personal opinion and thoughts are, just like the lady herself does on her posts, and exactly like you said everyone is entitled to an opinion.
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