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If any - What prospect half year divi if PRA don't lift restrictions?
0.33p ?
A1
If the quarterly dividend policy got under way, there would be a case for 20% of 0.57p (for June)
plus another 20% of 0.57p foe Sept, making 0.228p in total.
A1
Oh you said ''don't''
LTI, even if they don't lift restrictions, seems the PRA's '25% of previous 8x quarters' rule might allow up to 0.33p under a 2x divi regime,
If quarterlies are allowed, I'd imagine the levels could be more in line with your projections
I thought the rule laid out was for a 2020 final payment, with dividends for 2021 not being able to be paid, pending a further PRA review before the banks’ half-year results.
obviously at the review the PRA can say that dividends will continue to be restricted on the same basis that applied for the 2020 final.
or a changed restriction, or no restriction.
LTI - Hmm, Best hope the PRA take lead from the US
hence why it is a 'review'
A1
I cannot see why the PRA would want to keep restrictions, relying of the banks boards to decide on the level of returns bearing in mind that Covid 19 is still here.
I cannot see why the PRA would want to keep restrictions, relying instead on the banks boards to decide on the level of returns bearing in mind that Covid 19 is still here.
the 2020 final ended up being based on the rule of 20 basis points of risk-weighted assets
LTI
I think they want to make sure that banks are ready for what comes next in the Covid story. Plenty of fallback cash.
Faulky fall back cash based on what? if you are expecting there to be mortgage defaults on properties with negative equity then you will be waiting a very long time.... its not going to happen.
South coast....It's much more the risk of large business loans defaulting as the Gov's various schemes wind down.
Correct me if I am wrong but I was under the impression that the Government would pick up the tab for loan defaults?
I see your point but from what I am seeing commercial property owners will be the ones with a problem, my partner works for one of the large banks within the investment dept and to work from home was always a big no no until covid - there are 2 buildings that the bank leased and filled with staff for 20 years.... they now have 80 percent of those staff working from home and decreased their floor space in those buildings 3 quarters. Businesses are adapting and cutting costs changing the way they operate to fit the current climate.
I dont believe all the travel companies will make it though - definitely some casualties to come from that industry.
Banks I believe will flourish.
cas
''the risk of large business loans defaulting''
that is why £Billions was set aside in 2020. In Q1 2021 Lloyds decided it doesn't need all the money set aside in 2020
lti absolutely nothing but the DOW does impact the FTSE and UK market regardless.... it tends to impact more on the negative side than positive.
We just in no man's land... Just drifting, until we hear some positive news regarding another small dividend in September time hopefully :-)
Other from that just try and enjoy the football feast on TV
There is nothing supporting this share price it's simply hanging in mid air held up only by the strings of the MM,enjoy the evening.
Nothing holding the shareprice up except a fundamentally strong business with a record cash pile about to be shared out.... its funny watching these chats when posters are so strong minded that after a year of being wrong they still post the same thing... imagine if you bought last year instead of posting negativity.
Only 7 days left in June
Hopefully the regulator will allow the Bank to decide our dividends early July time
South coast,if that's the case,why?are lloyds sp not £2 a share,no something is not quite right here with what you say.
HB
''if that's the case,why?are lloyds sp not £2 a share''
In what parallel universe would Lloyds be currently worth £2?.
Even £8 Billion net profit would not get it anywhere near £2.