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I don’t think the market gives Uk banks credit for how much they have improved their reserves since the financial crisis. They are bomb proof and the stress tests they pass are incredibly stringent. They are like financial utility companies now.
All I see on here is people moaning about the sp. You are moaning about being given a great opportunity to buy. The only downside I can foresee is a Labour government taking windfall profits but I hope they realise banks have to be allowed to make profits to be financially stable and financial services are such a major part of the Uk export they would be foolish to damage our financial markets.
I disagree belles I think at this sp any good news will see us move a considerable amount, ie getting our bopd up. The completion of anything….
What a boring company. :)Online is here to stay and paper packaging is about as green as it gets.
That money is still in LBG so technically it’s accounted for in the sp. however I do think it should be paid out because it would be hard to spin it as fat cat banks by the media when it’s money that should have been paid out.
If we’re not up today I going to cry.
I don’t believe that awax . How do they benefit from inventing a buyer? How does that help with their cash flow? They just need to get bopd up to fund the work program.
Someone should be fired for commencing the dividends. It seemed strange for us outsiders at the time. We foolishly thought they knew better than us.
Nothing seems to help the sp here. On the plays side I’m adding monthly and have a fair chunk in here now. I just wonder what the catalyst will be to get a rerating.
Simple answer finish any well
Hopefully, more bang for the buyback! I don’t believe UK banks are getting any credit for how strong they are. The stress tests they pass are Armageddon stuff. When they sail through this interest rate cycle I think it will become apparent they are cash cows and our biggest worry will be windfall taxes.
So a5 just needs a 400m side track. How long ago was the 3000+ bopd? So they could potentially double the current output yet have done nothing for years? It’s so bad it’s hardly believeable.
Uncertain in that case it makes paying a dividend even more ludicrous.
We all wanted clarity and its clear the bod are incompetent. Anyone attend GM? Hopefully they got told.
the buyback is essentially existing owners increasing their ownership of the company, because now the cake is getting shared fewer ways. you now own a larger percentage of lloyd’s. the cancelled shares no longer get their divi. either one of two things happen, either the sp rises until the board decides not to do buy backs or if we’re lucky the sp stays on its ****, they carry on with these buy backs and in a few years your divi will be multiples of what it is now. think of it like compounding.
IMO. Buy backs are purely away of avoiding political flak for rip off banks profiteering. I too would prefer a bigger dividend but if it avoids bad headlines then it’s a price I think is worth paying.
Has anyone watched’ how I met your mother’ Clive is a fat Barney, he’s obviously paid to just sign things and hasn’t got a clue what is happening at Caspian. He can’t even rns changes to the board. Shows how toothless the regulators are . If this comes good it will have absolutely nothing to do with Clive.
Didn’t the Al Marri take a loss? I thought they bought for 4.4p
It’s all very shady but it’s chicken feed numbers, if Putin hadn’t gone mad Caspian would be drowning in cash. We’ve had a relief rally today but this is all about 802 now. Even at current production the numbers look healthy if they can get production up the future is incredibly rosy.
Banks aren’t here to support people. If you are unhappy with your bank change banks if you think your saving rate is too low move your money. Personal responsibility has gone out the window. Some people think it’s the governments job to hold their hand.
When do we think we will resume trading? Clive thinks this week so I’m going with next Monday.
When did profit become a dirty word? Every company should make as much as it can it’s called capitalism. No one is forced to shop at tesco as long as the market it functioning properly then the good businesses make good profits. A lot of people in the Uk seem to resent any company that does well.