2) No – it shouldn’t happen for purely “cosmetic” reasons. It would be a totally unnecessary expense. However if the group were undertaking a fundamental restructuring and the only reason I can foresee for this happening in the next few years would be if UK banking was a referred to the Competition and Markets Authority and they ordered a restructuring.
3) If a shareholder prefers a 6p div on one share rather than a 1.2p div on 5 shares then they shouldn’t really be investing in shares!
Just my opinion for what it's worth (probably not much)!
Does anyone think that this share could be consolidated i mean take Lloyds at 75p say and consolidate it at maybe 5 times to give a price of 3.75 and announce a 6p dividend instead of the poultry 1p as predicted.This would look better for a retail sell off as the announcement of a 1p dividend doesn't look all that attractive for joe public with the recent RMG sale for example hyped for it's great yield.The unfortunate thing is the 100's of thousands of Lloyds shares that members on here hold would be reduced radically and instead i'm sure we would all like to see our 100's thousands of holdings move up to nearer that amount than consolidated and would be interesting to hear peoples views on this.
Drutski, Thanks for the lengthy reply…The first part of your message was a long winded way of saying I’d taken the **** a bit in my reply and anyway you didn’t like what I said. (The more personal bits I can ignore as I'm not perfect after all). You're quite right I had, and I had just acknowledged I'd been a bit snarky. The reason being I find it annoying when I post something in case it interests anyone, with no view on it from me, only to have people shouting out it’s rubbish, or the people who wrote it are morons, and I should “get out of my little box” and go and educate myself etc… Anyway moving on from all that, my thoughts on your ideas to manage the economy are:-
Improving regulation to avoid financial problems is a great idea so long as it is effective.
Liquidity problems were a part of the recent crisis, especially at first, hence the name credit crunch. So I think QE probably helped. Deflation is still a bigger risk than hyper-inflation. If its disguised - its a very big cover up. Now the benefits of QE are far less clear, but weaning the system off it is proving difficult.
If QE was a plot by the FED and the US government I don’t think they’d keep trying so hard to end it when the markets react so badly. No doubt people are making a fast buck from it, and it should go asap but without it, the markets would fall badly and there would be a risk of more economic downturn. The Lloyds share price would be one of the biggest casualties of scrapping it carelessly.
Reinstating the Gold standard wouldn’t improve anything much so far as I can see, the world still has to function, money is still an abstract concept whether you have some of the national wealth tied up in a store of precious metal or not. The attempt to re-instate it was one of the things that led to deflation, high unemployment and the 1926 general strike. Things have changed a lot since it was used, and changing back would be very high risk.
Abolishing interest, government borrowing and income tax, sounds like a recipe for disaster to me, maybe I'm naïve. I don’t know how you would pay off existing national debt that way though. Saying you would “work to eliminate national debt” glosses over the hardest problem a bit. The other things you describe seem as likely to make things worse, increasing national debt (especially the nationalisations) and removing the means to pay it off.
You mention abolishing fractional reserve banking. I don’t know what you would replace it with. Full reserve banking is not in use anywhere in the world they say, and sounds very likely to lead to reduced economic growth. Yet to read anything that explains how it helps that much.
Plots, conspiracies and exploitation undoubtedly exist in the financial world - see them all the time just now. Aside from regulation though I don't think any of these changes will stop that.
I was always going to wait for 88p before I left work and forgot but I may happily go before that.
Before this share stays happily in the 80s it requires a positive divi announcement and that announcement is all I need to quit. Still keep the shares though untill a reasonable divi is paid and the price reaches somewhere beween £1:35 and £1:50.
(mick woods,ian lee,dave colt,theyre in charge of process control at our place and what a mess they made of it after the last summer break.lol.)......... ive been there since 1979,so hoping to get out in about 3 years time,its a young mans job and ime no spring chicken,its to hot aswell,not as hot as bos plant,but melts your phone if you leave it in your pocket by mistake.lol..... ime maily in the miners,so when that comes back to life,ime off,ille just hand my notice in,the early pension will come in handy(55),then I wont have to dip into my stocks money,thats the plan anway......... sorry for the ot stuff lloys............
oh I get ya,no,but there's about 6 out of 200 at our place that I know of,that have,so they'll be many more.....but 300 of the 400 wanted are white collar workers,so it'll be hard for a production worker to get it,unless they get crossmatched or something......... ime guessing your production aswell......... don't think ide get it at nearly 52.lol..but ide take it I think,a guy called graham pixley(59) handed his notice in.a few weeks before the announcement..(hese not happy?.)....
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