Member Info for 67Sam

LTI

"You could be sensible and pay off a lump sum off of your mortgage with the sale proceeds"

Yes, this is probably what I will do, along with 25% of my SIPP. Ideally I would have stayed 100% in for the full benefit if the unexpected 10% increase. Regards use of the word "hope", no of course I am not longing to see the share price plummet. Ive held lloyds for ten years and I can tell you I am sick of the many sudden drops experienced. Better phrasing would have been to say "the car scam may result in a short term pull back of the price allowing me a choice of buying back in". I do not believe whatever the outcome it would reduce the share price over the long term, as I have said in previous posts, the company is well run and generates a shed load of cash.

Ant

I did that for the first time ever, selling 25% of my holding on results day because I was so sick of seeing the SP tank after previous good results. However, this time it's turned out to be a very costly mistake. Hindsight is a wonderful thing. Equally I still made money and I am no longer so overweight in one share. I hope the car scam gives me an opportunity to buyback.

Live

"Where is Falky"

On the MNG board, talking loudly about how much he's invested there.

Lucky

I am supposing that whenever peace returns to Ukraine, its reconstruction will present a once in a generation opportunity, similar to the one last seen in the reunification of Berlin. Investment will go wherever there is money to be made.

Skier

LBG share price closed at 88.93p on 16th December 2015.

Most people would agree the company is in much better shape now and also has a reduced share count.

Bb

"a year's time when no will even mention the Ukraine again"

Even with the best scenario of hostilities ending in Ukraine, it would simply translate into the next rebuilding opportunity.

70p - There she blows

"by the way your fit misses is banging the Mexican gardener"

:)

Hardup

I think you have been dreaming of £2,000,000,000 again :)

Hardup

Thank you for doing this. I know I'm being picky now, but I can't make the maths work.

Percentage completed - £17,712,289.78 divided by £1,700,000,000, times 100, is 1.04%.

Isn't it?

"now hire Palantir"

Seems unlikely. Lloyds run a technology centre in Hyderabad. I just thought she sounded clued up and down to earth. Mortgages are their core business so simplifying that process in an app has to be a good move. Palantir seems like expensive overkill, it's modernisation that is required here not world class data analytics. Im imagining a mortgage app with a beautifully animated black horse negotiating jumps at every stage from offer to completion. Simple things work.

Smart cookie from Amazon.

https://www.financialreporter.co.uk/lloyds-banking-group-appoints-director-of-digital-to-transform-mortgage-processes.html

Well done puffy. I reduced at 64 but then regretted it. However I share your same concerns and will wait and see.

Hardup

"Maybe happen again this year"

Yes, thats an unpleasant prospect but one that I hope is unlikely. Any "compensation" has to be proportionate to the harm caused. For DCA this would potentially be a few quid saved on a lower credit deal. For PPI people were charged without being given any choice over buying a policy that was effectively worthless. Although the LBG bod acknowledged remaining uncertainties, they also showed confidence in LBG 's ability to absorb the hit via cash generation. I think the share price may pull back a bit but I'd be very surprised by any need to have the he buyback cancelled - or any deviation from the dividend growth plan.

Fingers crossed anyway :)

Poyntz

"This is just someone taking out a loan who is pig ignorant, high risk who now thinks it is unfair"

I'm inclined to agree with you, its just a pity that the Court of Appeal didn't. I think its a scam driven by ambulance chasing lawyers and that everyone was grinning 100% when they drove their new car off the forecourt.

The thing that gets me about Lloyds though is that it was pushing cash onto dealers before they had even made the sales and apparently all the Lloyds corporate governance people thought that was fine and dandy.

Reported today that lloyds were still paying out advance commissions to dealers as recently as April 24

https://www.theguardian.com/business/2025/feb/21/uk-lenders-car-dealers-commission-payments-upfront

Gerry

"It was better than the other option"

Comedy genius :)

Surprised to see a live webcast interrupted by Carlie Nunn needing the toilet.

"hoping that the buyback programme will get decreasing prices"

Would be nice if it did. Hard to imagine not seeing a drop between now and April. Who knows, maybe we will see 65p today.

Card

"Thanks for letting us know"

A good chance I will buy them back before 10th April.