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Resolution 15
Approval of the Directors’ remuneration policy section of the Directors’ remuneration report -
for 29,212,979,494 against 16,562,445,285
Resolution 17 - removed
Resolution 20
Approval of the Lloyds Banking Group Long Term Share Plan 2020 rules -
for 29,477,483,305 against 16,806,809,888
And
What a relief for the insurers that they will not have to pay out for the PPIs that would have been in force - thanks to FCA - many names - useless at best and PRA - equally inept.
Justification for existence - really you can think of one?
LIVE
I dearly hope that that the promise to pay is honoured.
But where there was truth and honesty - now we see "sorry"
I am old school as well, bought Bp as many as i couldb sold on rise , gone big on lloyds today its cheap sufcessex i agree wait for the bottom, to long likely to miss it.
Actually at the beginning of January, Lloyd's Banking Group shares was above 63p
Unbelievable in just 4 months we now just over 28p
Solid Banks with good Balance sheets have been smashed to pieces by the Market
Cannot see many staff taking up their 3 year share options on the 1st of June 2020
Options must be priced at around the 50p to 60p range
With Lockdown easing hopefully we see the fight back sooner than later here
40p
Asperger1
End of year predictions anyone?
45 for me
Livestock - I would like to think that those on the register at the relevant ex divi dates are ultimately paid what they were due - but accept it probably won't work that way - find out at the end of the year
Will be very interesting to see Q2 results re PPi dregs, further covid provisions, gross profit v projected divi
Hi Littleaston
How's it going
Good to hear from you :-)
Yeah hold a good bundle here
Was gutted by the cancellation of the 2919 Dividend
But life goes on.....
Hopefully the return to work easing of lockdown of opening of shops in June will see a kick start here.
Summer time blues for now with Lloyd's so just enjoying the good weather
Not expecting much here short term
Me too . Keep topping up sub 30 . If LLOY goes we are all doomed anyway !!
Suffy, you must be a major shareholder by now.
I agree Sufcessex for me anything sub 30p you can’t go wrong really.
Yes there’s going to be a lot of volatility in the next few months but in the long run you can’t go wrong.
Banks are in a much better position than the financial crash in 2008, I guess we’re into the unknown at the moment but still a great opportunity imho and they don’t come along very often.
Asperger1
Lloyds Banking vows to repay missed dividends
I hope lloyds keeps to their word, so in 2021 lloyds restarts the divi payment and shareholders get the back dated divi from 2019,2020. This isn't so bad
I may be old school here
But I buying as many as I can today
I am forward looking and never look backwards in life once in a decade opportunity to buy Lloyd's at today's prices IMHO
"Considering that the flu jab is partially effective due to the new strains/mutations, the new Covid vaccine's effectiveness is questionable."
There has been much negative press around the Oxford Vaccine, mainly around the Viral load in nasal mucus being the same for Vaccinated and non vaccinated monkeys, therefore meaning that the vaccine doesn't prevent the spread of the virus. What i focused on was the content in articles about the vaccine preventing Pneumonia, lung and organ damage in all the vaccinated monkeys. It would appear that the vaccine reduces the effect of the virus to around that of a common cold, so a mass vaccination would eliminate the problem and allow the world to move on and economies to stay open. The US has also given AstraZeneca $1 billion to supply the vaccine, would they have done that if the vaccine is ineffective? From what i've read, the vaccine may not be a silver bullet, but it does enough and it will be available by October.
VB - but did have on below camera shot? suit trouser, beech shorts or nothing at all?
Fleccy
I agree we will have some sort of a deal on BREXIT as the EU is in much worse condition than us. Everything should get better by Sep 2020 as much as it can under the current circumstances.
I just hope that the COVID second spell does'nt return in Oct 2020. Considering that the flu jab is partially effective due to the new strains/mutations, the new Covid vaccine's effectiveness is questionable.
"I have exposure, but am not adding to my positions yet, still too risky of catching a falling knife, or that their will be a dilutionary share capital raise."
Highly unlikely, the Bank has been trying to reduce shares in issue through buybacks. With the high number of shares, i don't see them having a rights issue.
There are a couple of things affecting Lloyds currently, Covid 19 and Brexit. The lockdown's are in the process of being lifted. probably faster than the Government intends. I was out on a walk this morning and picked up snippets of conversation as i passed people and people are talking about the lifting of lockdown and seem to be up for it. Brexit could go either way, but it's the most overhyped negative bias of anything i've seen in my life. My personal view is that now is the time to make stock picks and i don't see why Lloyds shouldn't be a lot higher a year from now.
In summary, Economies are restarting, AstraZeneca will likely have a Vaccine distributed by October, so things wont be nearly as bad as some predict. Brexit is just ridiculously negatively exaggerated and they'll likely reach some sort of a deal and if they don't WTO it is. On Brexit we'll know either way by the end of June, it's in the EU's interest to reach an agreement too.
Lloyds Banking vows to repay missed dividends as it saves money amid crisis
https://www.proactiveinvestors.co.uk/companies/news/920180/lloyds-banking-vows-to-repay-missed-dividends-as-it-saves-money-amid-crisis-920180.html
Lloyds CEO says bank can weather bad loans spike in coronavirus crisis
https://uk.reuters.com/article/uk-lloyds-agm/lloyds-ceo-says-bank-can-weather-bad-loans-spike-in-coronavirus-crisis-idUKKBN22X1H8
At least the tart wasn’t in the picture
Re Webcast
Shameful lack of bookcase backdrop by AHO !!!
https://agmwebcast.lbgevent.com/broadcast
Cpt.Hornblower - do you think the similar drops at Barc & RBS today are also a result of Lloy AGM or wider Covid concerns
" surplus capital returned to shareholders" Yes that is what they say now but will there be any surplus capital at the end of this and will they not be making provisions with it for the future hits on the loan book.
Looks to me like we are going to get little to nothing for a few years to come ,as they manipulate the priorities to suit the situation at the time.
But aren't we lucky that the previous buy backs were so successful in propping up the share price. Can you imagine what state it would have been in without them ... Not.