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J46
''advocated the buyback on a peak , without which we'd be c 5p /share better off ''
What is madness is you continually posting inaccurate information without backup and hoping there will still be a few gullible people around to take your posts as being factual. Maths is not your strongest point.
About 2 billion has been spent on buybacks removing about 3.5 billion shares from market.
I would advocate buybacks at any time that represented good value based on fundamentals at any given time. The covid19 clouds have to disperse before we can see how Lloyds is coping. Obviously based on pre covid 19 fundamentals I would rather have Zero dividends and the money spent on back backs at the current levels, but we will not know for a while how profitability will be hit and for how long. .
LTI ,
"What is madness, is people complaining that they didn't get a cancelled 2.24p dividend."
What is madness is you advocated the buyback on a peak , without which we'd be c 5p /share better off , partially alleviating the inconvenience.
Are you so sure the share price is going to 28p then ?
I reckon 30p is bottom here it's going to need some more bad news
I don't need to take risks
Shares go down
Shares go up
Lloyd's is low for a reason and once that reason is removed she we move accordingly
suf
''you saying I should sell shares that I bought at 63p at 31p ???
that's complete madness and you know it .... ''
What is madness, is people complaining that they didn't get a cancelled 2.24p dividend.
If you had got your 2.24p dividend your shares would currently be worth 28.8p per share.
Temple off Doom
Easy said than done
Reason I not trading , hopefully not to long away now we the bounce. When ? that's the million dollar question. But I do know the country returning to work now.
Financials have a habit of been last ones to the party on any recovery on the stock market.
I was around in 2012 when the CEO took stress leave only within 12 months rise to 90p on hot air.
Life sometimes can be a ***** and Lloyd's is the ******* on any recovery.
Makes sense to sell at 31p if you think they will go down to 28p ....
Just saying.
you saying I should sell shares that I bought at 63p at 31p ???
that's complete madness and you know it ....
Lloyds is worth a lot more than 31p anyway going forward.
As I said I happy to ride this out short term and wait for my 63p and then sell some may never happen , I maybe will consider trading my way out of the big hole.
I not big time Charlie trader and trading could be my last ever trade.
Suf
If you want your 2.24p per share, then sell enough shares to give you what you were expecting in May. As far as I know the capital in still within Lloyds. Without it the share price would currently be 2.24p lower.
I been here supporting / backing The CEO and Lloyds Bank Board for over 10 years taken some right punches over the years on the Lloyds Chat boards but I never stopped believing.
But I am like you, I am also really struggling to move on from this unforgivable / uncaring Cancellation of our 2009 Dividend and while they still allowed to pay the staff bonus pot for 2019 via the back door.
Its left a right bitter taste in my mouth and I also struggle to forgive and forget today.
Its easy to anyone to say move on , especially if they just traders, I am an Lloyds investor and dividends was really going to pay my bills in 2020 ......
lets be honest today, I cannot even be bothered to post , its like bandit country, why are some people so rude, people I meet will say this to anyone face to face.
I truly feel, I been kicked in the balls here by our CEO and he not a tough enough to stand up for anyone.... he's even happy to carry on regardless to pay millions for pounds of staff to sit at home doing nothing .... its not just contractors ether . last week I spoke to a branch staff member, he been told to stay at home since March as there's no branch work, they only need limited staff, where he works ... he's Doing on 5km walks daily and loving it . don't blame him.
He just happy to give away shareholders money willy nilly to anyone you shouts loud enough
There was not consultation with shareholders at all, even a 50% cut to 1.25% say, IMHO would of been better and remember we talking about the 2019 final dividend that's not nothing to day with 2020, that's was already announced by Lloyds EOY update ....
Seriously thinking I going to have to start trading to get my money back here .... BUT got time on my side and going to sit and watch over the next 6 to 12 months, as I know once I start Ive got to accept if this trade goes against me it probably be my last, close all trading accounts for good.
My first Lloyds buy in May 2009 was 72p
I thought Lloyds was a solid investment that was going to pay me into my retirement in dividends and you only lost 50% to 100% capital on poor AIM stocks
Now Antonio announced he's personally taking on the HBOS scandal .... god help us ... the £200 put aside going to balloon , he needs to be stopped, its not even his money to throw away like confetti , he is needy type and wants the seen as an local hero and be loved by all at shareholders expense
I bet his next move will be like follow Carney and want to save the world, telling us what and how to live our life's and all come vegans, all making love under the sunset while smoking weed. peace man ...