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Brixton/Livestock,
The reason for the share price consolidation is to prevent large fluctuation of SP at ex-dividend date:
"The proposed consolidation will be set to reduce the share count as if we were
buying back at the market price thereby offsetting the dilutive impact to TNAV per
share of the substantial special dividend"
Aviva did the same last year when they paid a large special dividend:
"to mitigate any fluctuation in the price of Aviva shares as we return the capital to shareholders, we're planning something called a Share Consolidation. As an illustrative example, going forward, you'll hold approximately 76 new ordinary shares for every 100 ordinary shares you currently hold."
Live
This is how i read NWG if one has 100 shares the special payment will reduce your holding to 98 shares ish but again that's me ! And i left school to early .
Brixton
NWG are doing a share consolidation but this shouldn't affect the special payment, but I'm no expert, Lti is more knowledgeable with this
Your right all US and UK banks are back higher than before the pandemic this old nag is permanently lame
donkey must be right
all the other big banks have done very well in the last week except this one just goes to show that a balanced portfolio is always needed
John
I think alot of peeps will struggle with bills and debts . Lloyds going forward just don't know of course without legacy stuff should improve, Lloyds is still proving to be a Donkey.
So will the defaults
do you think the amount of defaults will make lloyds profit less than it is now. or do you think the profit will rise my take is they are about to make an obscene amount of money from the common person as will all the others
Live
According to NWG posts , take a gander .
However there share price today again making Lloyds look silly now .
Brixton
"I hold NWG "And from what i can work out" the special payment reduces one's shares per person they hold ? ? ?"
Lloyds did a special payment in 2016 they didn't deduce any of my shares , you wan to look into that
Jonny
So will the defaults
Divi payday in one month
At today price 45p Lloyds yields 5.33%
bell weather for the UK economy
I fully understand this but with most being uk mortgages interest rates have risen so will the income on a very big scale
Lloyds is seen as a bell weather for the UK economy as most of its assets are UK based now. I would imagine the share is fairly static due to predictions on the UK economy.
Live
I hold NWG "And from what i can work out" the special payment reduces one's shares per person they hold ? ? ? .
Hardup and LTI others might be able to explain it , beyond me of course .
i do not see why the buy backs are not driving the sp higher especially the last two days iv noticed in the past lloyds to be a little slow it will jump on the new prime minister news when that has nothing to do with finance but won't move when it has something to do with finance so is this a political motivated share rather than financial
Lloyds is not being held back, too many billions of shares in issue, only way this will exceed a quid is with a consolidation, jmho dyor.
yep lloyds should be at min 50p atm
and a real value of 60p :-(
NatWest gave shareholders a special payment rather than a buyback and the SP was up 10% on the day and it's share price is higher now than before the pandemic
There not a lot of spare cash about,with the uncertainties on inflation costs,I see know reason to put money here no return for months imho dyor ,market forces seem to agree, just have to wait to get through the Rapids feb2023 ring any bells ,yawn back too hibernating, enjoy your day.
and with buyback going, is there some thing were not getting
I don;t get this PS at all FTSE up lloys was 51p interest rates up, but lloyds 45p makes no sense to me
should be 55p or 60p by now, confused.
is it possible that the sp is being held, (can it actually be possible ) compared to other banks sp in recent days the sp has not gone anywhere