Completely agree with your assessment, which was balanced. But some people on here are completely negative about everything, the key question was will there be a divi... Answer yes... Good news. I'm a long term holder, I believe that whilst there are headwinds, overall it will be a good investment and a milestone has been passed. As such the negatives people point out don't bother me as they will dissipate. I'm a realist, I don't expect £1 any time soon and I can't see this ever being more than £1.20 with the number of shares in issue. Who knows? Going forward, If they pay for a holiday each year with the dividend I'm happy. :-)
With the government (this or the next) at any point being able to dump a quarter of this company at a discount and the share being at risk of being devalued over night would you buy in with Millions of £?
Government needs to sell it's huge stake in this, before we see real progress, fingers crossed this is the first step in that process
Because discussing the truth, chewing over the data, looking at both the pro's and the con's is a little bit more useful, than wandering around with your fingers in your ear singing the I love this share song?
Fact is, the results were not as good as people thought they were and a lot of the profits came from unsustainable sources. The dividend was lower than expected.
I'm still here, I'm not selling, but I'm certainly not buying either. We are pretty much in the same position as we thought we was yesterday, some good news (the dividend) and some not so good news. As the price reflects.
The government needs to sell their shares before we make serious movement. Lets hope this dividend helps that
Very active board with very interesting posts, thanks. I believe the HMG is doing the right thing by drip feeding to offload their massive holding. This should have happened from the start. The discount sale of large lots did damage the stability of this share. Now that the Dividend has started flowing, one can hope that Institutional investors will start buying Lloy without fearing the risk of share price falling by 5 -10 percent overnight from discount sale. Hope the HMG will stick with Drip feeding policy until their balance hits Zero.Thank you Mr Osborne GLA
Hi - in the results they say will be going back to paying an interim and a final divi from now on in, so should be twice per year with the final being the greater payment GLA long term holders - this is the start of a long term return
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