Antonio is a man who likes tradition My view is we will see a dividend paid on October 1st 2014
The divi will be small but it will cost £770 millions There will be a buy back of £3Billion And I will continue to drink Yorkshire tea
If all this comes to pass We will see a nice increase in the sp The moaners will be quiet about the dividend and our pals in Westminster will be happy too The share sale to Joe public will be a success and bob is your uncle and fanny is your aunt ...Job done
00:27:29 - Finally on the Group’s capital position. As you know, we’ve made significant progress in 2013. Our core tier 1 ratio under prevailing rules now stands at 14 per cent, while our fully loaded CET1 ratio is now 10.3 per cent, up 2.2 percentage points in the year. This progress has been achieved in spite of additional legacy costs and adverse pension fund movements. These negatives were more than offset by strong capital generation in the core business, management actions including the sale of SJP and SWIP, the up streaming of £2.2 billion of capital from Insurance, and £2.6 billion from our capital accretive non-core reductions. Going forward we will continue to be strongly capital generative and, prior to any dividends, we expect to generate fully loaded CET1 capital of around 2.5 percentage points over the next two years, and thereafter 1.5 - 2 percentage points per annum.. That concludes my review and I would now like to hand over to Mark. http://webcasts.lloydsbankinggroup.com/results/2013prelims/webcast.asp
I think this must be what finch are refering to - is so, I'm not sure George means that there will be no divi for 2 yrs, just that 'if there was no divi' he would expect 2.5% points over the next 2 yrs, but then WTFDIK, DYOR
all going to depend on antonio's next news. Will it confirm a divi payout this year or will there be some nasty suprises again. My take is the news will be positive, otherwise the gov will struggle to sell off anymore shares this year.
You have good taste- Yorkshire tea. Does WL still trundle round with tea trolley now and again? Would be interested to hear your thoughts on Dividends as 2015-16 is now being banded about. I`m just about managing to keep my patience in check with this share and am about ready to dismount. Been in profit for a while now but see stagnation of SP continuing. On a lighter note there's another Taylors quite popular in Yorkshire- Timmy Taylors. If its kept well pure nectar. TC and GL
This was a tweet he sent on the 26th March -"very striking that treasury only got 0.5p per share more for lloyds shares overnight than in September. Investors see lloyds recovery as stalled."- Says it all really.
A share buy back would be immensely expensive for Lloyds to make a significant difference. Most of the share dilution resulted from HMG’s recapitalisation in 2008 and who still hold around £13 billions worth (24.9% of issued shares). Would suspect the priority for Lloyds is to ensure they meet capital adequacy requirements and then get dividends paying again.
Although I’m not familiar with the process, I suspect there is a small buy back every year to help fund the various Stock Options and SAYE schemes to hold shares at the Option price rather than the market price when the options mature
Re dividends - Answer: António Horta-Osório - I will ask George as well to comment. But I just want to clarify that we don’t see any delay. I mean, every time I spoke to you here or that I have had investor meetings, both George and I, we have always guided investors to the fact that we were very hopeful that we would be able to pay a dividend for the results of ‘14.
Datafeed and UK data supplied by NBTrader and Digital Look.
While London South East do their best to maintain the high quality of the information displayed on this site,
we cannot be held responsible for any loss due to incorrect information found here. All information is provided free of charge, 'as-is', and you use it at your own risk.
The contents of all 'Chat' messages should not be construed as advice and represent the opinions of the authors, not those of London South East Limited, or its affiliates.
London South East does not authorise or approve this content, and reserves the right to remove items at its discretion.