Member Info for 67Sam

" doggedly"
Or in Truss's case, more of an alarmingly empty headed smile accompanied by self serving smugness.

mach
Interesting picture, it's not the most relaxed handshake between Liz and Fumio is it?
Both appear to be concentrating doggedly on the camera.
I guess thats a clue to the real value of the trade agreement.

was thinking we hadn't heard from him recently
bit of a fateful last post

h10
Great post, I hadn't considered that at all.

hu
That comment was in relation to buybacks.
"the dividend should rise at least in line with earnings per share. So higher earnings should equate to higher dividend"
Yes I agree. The div was rebased though, so we have yet to find out how much the prog div going forward will reflect this or not.

" I would also expect a dividend increase which reflects the reduced number of shares"
Higher earnings per share, yes, but not necessarily a higher div. paid.
LLOY signalled clearly they would prioritise a progressive div going fwd while retaining cash to grow the business and reduce share count.

Gaz
I can hear your frustration but saying "Who is better at using my share of the company profits - Lloyds or me - I will give you a clue, it isn't Lloyds" suggests you can make better decisions than BoD.
We don't get to decide how much is "our share of the profits".
The BoD make decisions on level of div payments based on what they believe is best for the company's future.

"Aim to buyback 1.5 times as many new shares are issued every year"
I like that and agree re. prog dividend. But specials would make it a lot harder to invest to become the nations biggest landlord / the platform that knocks HL off its perch / succeed in attracting rich peoples retirement investments.
My fear is if they payed it all out in div every year, unless we suddenly saw mind blowing profits then it will stay in this price range forever. They already have the biggest share of the mortgage market, but if they don't develop anything else, I would be concerned it may not turn out so well for them in the long term. And we might all still be here, hoping for 50p by Friday.

"Gazzleberry is on a different time scale, he wants the wonga now."
Yes I get that, LLOY must have been a nightmare for any who hold in retirement with div cancellations.
But do you want an investment where the number of shares increases every year while it pays out all its profits? Or one that pays out less but invests in future growth and diversification?
These are my reasons for holding. I wonder what peoples reasons are for not selling, when LLOY doesn't appear to be giving them the income they need right now.

"The market decides the price, not buybacks"
Yes, this is true.
I was merely suggesting that "Fewer shares and an increasing dividend has to be a good medium term prospect" while acknowledging many prefer all the cash right now.
"Medium term" - I wasn't expecting it to happen overnight.

"Really?"
I agree. Would be of benefit while the share price is still so low. Fewer shares and an increasing dividend has to be a good medium term prospect. Appreciate many others here want all the cash right now. Im not retired yet so looking for growth more than income.

"Why don't we chat about the banking sector."
:)
"Could this be the start of a change in fortune for banking sector shareholders"
MuchaboutMoney shares your optimism and posted a good link at 9:21PM yesterday. I usually ignore Motley Fool but this article focuses on the improvements to NIM from rising base rate and is equally positive fro LLOY.
"Please discuss"
I think it's unlikely we will see 50p by Friday. Personally I think progress towards peace in Ukraine will help lift it though others disagree that it will affect a UK domestic bank. I am also looking towards announcements for a possible buyback next year at same or higher level than this as a potential trigger upwards, though many did not support this years let alone a repeat exercise. With sustained dividend growth and fewer shares I am hoping it will double my money in a few years from now, while giving me a reasonable income.
That said, last week I wondered if the SP would flop towards 40p after the budget - it went to 45p.

https://www.ii.co.uk/analysis-commentary/ii-view-lloyds-bank-good-shape-cope-economic-decline-ii526047

"This is not about how I would describe China to people at home."
In reality, if you agreed with the statement, would you lie to promote overseas trade?

Im not defending Johnson or suggesting that was a bright thing to do, or a helpful contribution to UK plc's trade prospects. He does make me wonder why it's OK that public servants are allowed to make highly paid after dinner speeches at international forums while still working as an MP and enjoying a former PM £115k annual allowance.

Coercive autocracy seems a fair description to me of China. And not far off for Russia.
Britain is still aspiring to it. Next step appears to be ripping up the Human Rights Act 1998 while clamping down on the right to protest with the Public Order Bill.

I think it will flop nearer to 40p
Been trying to imagine what news could provoke an upswing.
Cant.

lol "the ultra wealthy here"
cant remember anyone claiming to be ultra wealthy here
ultra high net worth individual = $30M plus (net of liabilities)

my mistake earlier, it was Silvana Tenreyro who voted 0.25%. Swati voted 0.5% as the article confirms.

Anyone else agree - Yes or No

Agree. Expect Swati Dinghra will still say 0.25% or disagree any further rise is needed.