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Bad news for those invested for the Divi but probably good for the share price!! Hope we see a rise tomorrow based on holding onto the capital
Probably why Lloyd's dropped the most as all other banks have gone ex divi!!
Psk I sincerely hope that is the case but I feel that might not metro alise
Psk I believe you might be right atb
"Probably why Lloyd's dropped the most as all other banks have gone ex divi!!"
The ex div payments have been stopped too, which is strange. Obviously this was coordinated and all the banks came to a mutual agreement with the PRA.
True mate but did you see how they rallied rite at the end of play? Have a look at the charts and how they closed!! RBS got marked down after 2 extensions Lloyd's got marked down also
My frustrated pc now tells me Lloyds is now oversold as with most others banks but would I buy 2mr?. Going for a long walk 2mr and try to be positive positive not angry positive positive
Absolute total and utter b*s*a*d*s
I can see them keeping this up for years, absolute robbing toerags, ppi all over again and we the shareholders pay for it all again for years to come. Meanwhile antonia continues to feather his nest and no doubt a nice title when he retires.
Massively p*ss*d off. Time to look away again for a few months. How does Antonio manage to hang onto his job?????? Ludicrous.
Spanish inquisition ?
BBC NEWS
Some of the UK's biggest banks have agreed to scrap dividend payments and hold onto the cash, which may be needed during the coronavirus crisis.
The Bank of England welcomed the decision to suspend the payments to shareholders and urged the banks not to pay bonuses to senior staff either.
The banks, which include NatWest, Santander and Barclays, were due to pay out billions to shareholders.
But in recent days they have come under pressure to hold onto the money.
The deputy governor of the Bank of England, Sam Woods, wrote to some banking bosses asking them to suspend dividend payments. He asked them to confirm their decision by Tuesday evening.
In a statement, the Prudential Regulation Authority, which is part of the Bank of England, said: "Although the decisions taken today will result in shareholders not receiving dividends, they are a sensible precautionary step given the unique role that banks need to play in supporting the wider economy through a period of economic disruption.
Between them, Lloyds, Royal Bank of Scotland, Barclays, HSBC and Standard Chartered, were expected to pay a total of £15.6bn to shareholders, according to analysis from investment firm AJ Bell.
But they will now retain those funds, which the Bank of England said "should help the banks support the economy through 2020".
However, the Bank said it did not expect the money to be needed, noting that the banks had more than enough money in reserve to deal with both a global recession and a shock in the financial markets.
Rob,
Why blame Antonio ? All the banks have obviously had pressure exerted on them and besides AHO was no doubt in for a large dividend himself.
However, the Bank said it did not expect the money to be needed, noting that the banks had more than enough money in reserve to deal with both a global recession and a shock in the financial markets.
So they are going to keep it and do what with it?? Why would anyone even bother investing in banks after another PPI style screw you investors and anyone with a pension
Expected but disappointed, unchartered waters I suppose,stress tests proved to be a joke
Did anyone believe otherwise.If they did they weren`t reading the creditable posters here.Do not forget GSK and Clover china and their collaboration on a vaccine and adjuvant when it comes to producing.They have probably the fastest way of developing the vaccine benefits on earth.
Another show of neglect comes in the lack of UV lighting areas in Hospitals to assist in killing the transmissions of CV19. Take staff restrooms (if they get any rest) for instance as an example ,10 minutes under proper UV light could kill all viruses on clothing.Too longsome to list the other 100 area`s it could be used in.Dyor.
Then their is my own little dram(s) I don't think it works one iota but it sure as hell gets me 4or5 go hours of sleep.
Who knows what tomorrow will bring, Trump got a microscope today.they hope it will keep him of twitter.Maybe a rallying cry from AHO.Now I am dreaming.GLA.
Next few weeks will be volatile I rather sell this week and keep my marbles. Stay safe from China town God bless the savers. Atb
"So they are going to keep it and do what with it?? Why would anyone even bother investing in banks "
As mentioned previously, i believe this is about optics not necessity.
If people exercise the social distancing, which they appear to be doing, this virus could be stopped within a month. The only question would be, where will transmission come from under the current restrictions? I suppose the transmission will be limited to surfaces where contamination might occur through touch, things like door handles, supermarket trolleys, desk sharing in offices ( which shouldn't happen), etc. I haven't been supermarket shopping recently, but it might be useful if antibacterial wipes are available where contact transmission might take place. From what i'm seeing on my walks, people are seriously sticking to the 2 meter rule.
I'm pleased. It is the right thing to do. I even celebrated with a small top up.
Feels like a declaration of war on shareholders at a time when a lot of them have nothing left to lose...AHOle should be sent packing with his tail between his legs...coward that he is. Many people were counting on their dividends to survive the next six months - if only we were French, they have the b*lls to stand up for themselves and make change happen.
"Feels like a declaration of war on shareholders at a time when a lot of them have nothing left to lose...AHOle should be sent packing with his tail between his legs"
Lloyds didn't have a choice on this imo. If Lloyds went it alone, they would be chastised in the press, the market would severely punish the share price and many top tier board members would be forced out by the PRA. AHO didn't have a choice and neither did Barclays, RBS and HSBC. Leading into this, analysts were saying that HSBC wouldn't be hit, well that was wrong wasn't it.
Andanotherb- how is this AHO fault? I’ll get the popcorn ready waiting for some BS reason.
Wait until Q1 figures are out in the US followed by Q2 estimates. Not to mention inevitable profit warnings. Dividends are the least to worry about now if I was holding banking shares.
Don’t get caught in the ‘Bull trap’ Imo above 30 is an opportunity to sell in order to re enter at sub 25.
What I post is irrelevant to the share price direction but don’t let the big boys out to come in later at the expense of your hard earned cash.
Just listened to Donald **** talk about back peddling. Compared the UK to the US. Fails to mention that the US has 5 times the population.