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LTI
You are an intelligent person yet you seem to be driven to making mountains out of mole hills. Yes, I am selling the vast bulk of shares. I am not panic selling. I will sell at what I judge to be a suitable time. Currently I am a LLOY holder.
RW
''Still some way to go.''
it only takes a moment to sell shares. If you envisage so many problems for holding shares then it would be contradictory to wait around for higher valuations going against the tide of your predicted outlook.
So you are not a Lloyds shareholder?
LTi
That is exactly what I have been doing. Still some way to go.
RW
'' But there is much more to come e.g. bad debts, unemployment, staff shortages, higher taxes, social unrest, austerity, inflation, pension cuts and there will be others.''
Time for you to sell everything then ''until the issues have been sorted.''
LTI
I was commenting on shares in general. So many average down when nothing has changed to reverse the share price direction.
With regards to businesses in general, Brexit and Covid has, and will continue to have, an adverse effect for years to come - costs and delays remain. But there is much more to come e.g. bad debts, unemployment, staff shortages, higher taxes, social unrest, austerity, inflation, pension cuts and there will be others.
NC
When are you going to give your 'BR' id. a run out?
RW
''there are good reasons why a share price is declining so don't put good money in until the issues have been sorted.''
Yes - fear mongering about Brexit for a few years and a pandemic.
If an investors view was to ignore the Armageddon Brexit propaganda and could envisage the impact that a vaccine roll out would have then Lloyds could have been picked up at very attractive prices. I was saying many months ago on here that it was all about Covid 19 control.
For me it has been a cycle I have been in before. In 2014 and 2015 I was offloading Lloyds shares in the high 70's and maybe over 80 p. This gave me a good holding with an average in the low 20's.
From 2016 when the share price became more attractive I then started purchasing back again and thus gradually increasing my average. Recently I have taken full advantage with very low priced purchases along with heavy SB's at under 30. So once again I find myself with a low average after some offloading. Hopefully Lloyds will continue to increase in price over the coming years to give an opportunity of further offloading if that is what I choose to do.
I am looking o the future with this share, I have a long term holding which is just about looking ok but as LTI puts it , “ I am playing the hokey pokey “ with Lloys and making some surplus cash, that’s what shares are for, making money, no point in crying over spilt milk, just get on with it.
Tranter
That is the big question. Does one average down or does one throw good money after bad. Only hindsight will tell. Personally, why average down, there are good reasons why a share price is declining so don't put good money in until the issues have been sorted.
re link
''Our position on quarterly dividends will also be confirmed at this time.''
4.38% = how much dividend for each share in 2021
will it be .0205p for each share or any other figure plz correction me.
https://www.lse.co.uk/rns/LLOY/live-shareholder-event-statements-fnb59vtbksbuoa9.html
suf
''will start paying us our money it owes us.''
no shareholder is owed money.
Hopefully there will be a sizeable excess cash pile after the PRA gives a green light to dividends, enabling a lot of the excess to be returned to shareholders, if not used on further acquisitions.
NC
When are you going to give your 'BR' id. a run out?
NC
We have had the same from you a thousand times . It would be good if you could sell up and move on, but that will never be the case no matter what the share price, because you would miss not moaning about just about anything and relate it back to Lloyds.
First you were concerned that the MBNA purchase would result in lots of bad debt so being bad for Lloyds, now you say that people are paying credit card debt and therefore bad because of less earnings for Lloyds. No matter what the situation,
YOU WILL ALWAYS FIND A NEGATIVE ANGLE THAT WILL BE BAD FOR LLOYDS BANKING GROUP.
Tranter. It is obvious you are a `glass half full` person!
ATB ff
I agree , it does seem to been always Jam tomorrow, especially with our old CEO Antonio promised a 75% pay out in dividends that never happened.
Us shareholders just want to paid / return any excess capital to its rightful owner's ( shareholders)
It's our money , as we seen in the past the board of directors like to waste it dead beat ideas that's ended up in a refunds / and compensation claims.
Just stick to banking take deposits , then lend the money out at a higher rate and bingo pay us the difference dividends....it's simple maths and v banking is easy .
Hopefully starting in July, Lloyd's Banking Group will start paying us our money it owes us.
We just want the money in our pockets please.
Anyway not a bad day today 47p finish on the tape
50p on the cards sooner than later :-) IMHO
Simeon1
Richard Hunter his estimated forward dividend yield for Lloyds is 4.38% very exciting