Member Info for bertram

Livestock, do you mean 0.13p or £0.0013?

A1, would love to lend you £10k but Mrs LTI holds the purse strings...;-))

Lloyds bank is reducing shares in circulation, lifting sp

Divi is good and improving,

All divis have been paid,

The management team have got the bank going in the right direction and the future is bright.

Haven't seen LTI today so standing in for him.... 8-)))))))

LTI, I was once like you forwarding the virtues of Lloyds. Expecting a return to the £5 mark after a few years was my view. At the time I think they got down to 19p which I thought was a good entry point. Grayslands point was they would not get to previous highs (£5) with 70 billion shares in issue. He was correct and my own naivety stopped me from believing him.
I have wised up a little since then. My other holdings make a decent income (If the gov let me keep some). Only lloyds has preformed poor to me hence my frustration with this share. I keep feeling like we are being treated like the King with his invisible coat of gold or more jam tomorrow if you wait.
No disrespect to you is intended. Good evening.

LTI, Your enthusiasm for Lloyds is admirable. After watching and owning shares in this bank for quite a while I have become a little jaded with their performance and my own miss timed purchases. I used to argue with a guy called graysland many years ago with me in lloyds corner. He`d argue that "Lloyds will be stuck at these prices for years due to 70 billion shares in issue" he was right.
So I wish you also a good weekend, don`t spend to much time on here. GL.

SUF, in hindsight I was a bit sharp with you there. Apologies to you. Happy with all my holdings but not so with Lloy. The constant ramping just winds me a bit and brings out the worst. Hay ho such is life. genuinely have a good weekend and here's to next week. GL.

I expected better from you to. Have a good weekend.

D-I-C-K-H-E-A-D..
There's a few on here SUF and you are one of them. You are flogging a dead horse and its making you nasty.
Ease up or shut up.

LTI,
Please take this to the bank, the last person I will take advice from is you.

LTI,
Well Im glad to be "clueless" if it differs from your- Lloyds can do no wrong- mind set.

Fleccy, thank you for reasoned reply. I must respectfully disagree though. Now we have Lloyds management who did withhold a dividend whilst awarding themselves new shares. Money buys food, cars, goods etc something a buy back does not. Oh I see your point ok the buy back should increase SP, not in Lloyds case though indeed its lost 20p post pandemic. Its the issue of new shares to themselves that really gets my goat. The bank is spending £2 billion on buy backs partly funded by with held divi is the way I see it. It should not be diverting funds for new shares. Now some people may not need their divi but some may rely on it to boost their pension. These people are hurting and new share issues are a slap in the face.
I do hold BT and feel encouraged by their steady SP increase and reasonable divi. Your enthusiasm for BT shines through unlike Lloyds, Just an observation, GL fleccy.

LTI,
Buy backs are a way of removing money from holders and redirecting some of it to the pockets of management through new share issues. I don`t know how you have the face to justify this when many holders have been trapped here since 2008.
I am lucky, I am nearly out of this share. By a country mile the worst share I misguidedly bought.
GL all long time holders.

"so many thick people around."
You need to take a good hard look at yourself there matey. To blindly follow a bank that has been dysfunctional for the last 15 years is odd. Why do you keep trying to polish a t**d ? Why do you act as mouth piece for this bank? Not called Daniels pre chance?

"We need to keep the best and brightest staff" I was told in conversation with a Lloyds manager. So they action buy backs whilst issuing new shares unto themselves as well as bonuses and pay hikes. Divi helps pay for groceries etc while buy backs well erm, nothing. Ok LTI buy backs help lift SP blah blah blah. No new shares should be issued when buy backs are being done. Its immoral and dam right disrespectful to holders.
Again - At least Dick Turpin wore a mask.-

Chid, you are bang right. Bank directors, managers and HMG always before the share holders. Stinks.

Hardup, I must respectfully disagree with your assessment of Lloyds. Probably the first time I have not agreed with a post from you. Lloy has been the worst preforming share I have ever held. Hit and miss divi`s share buy backs whilst issuing new shares is just a slap in the face for all long term Lloyds holders. near 70 billion shares in circulation means SP is going to remain stagnant as it has for last decade with poor divi. ( If not pilfered)
Now look at eg. LGEN. Near 20p divi this time. Paid a divi through covid . A SP that seems to fluctuate between 220p and 280p twice a year, easy money. The whole company looks very well run. LGEN really does make Lloyds look very dysfunctional. I will not invest in Lloyds again, my holding nearly gone. Jam tomorrow no longer works for me. There are better options out there IMHO. DYOR and GL .

Don`t think sleazy jet use a lot if any rolls engines. Lots of 737 planes. This company cancelled our flight even though it was booked 6 months in advance. Then put flight back on at more than double cost. Done with them.

If Lloyds management were doctors they would have been struck off by now if not years ago. High bonus, new shares, big pay hikes. "We need to keep the best people in the business" Yeah right.

LTI,
When is a promise not a promise? ..... when its made by lloyds bank. Look at this banks history.. The hbos take over which destroyed the SP for thousands of investors along with divi and thus wealth. Then PPI. Covid gave the bank another excuse to plunder share holders money. Buy backs. Whilst they have bought some back it does not stop the bank issuing new shares to directors and top managers. Disgraceful. And they did promise a divi would be paid in future.
I f Lloyds were to fly over and release a pile of dung on you you would look up and say" Thanks"You will not accept Lloyds do anything wrong.

Nuwanda,
So before covid LLOY was trading around the 70p. Now with buy backs its just shy of 50p and you are happy "to reflect your increased ownership ". Well I don`t think many will be that happy at losing the promised 2019 divi and a reduced SP value of 20p.
My own understanding was "The divi is suspended but would eventually be paid" Not a word about buy backs. I bet they didn't say to the tax man "We won`t be paying corporation tax this year but buy backs instead"
As usual with banks the holders get the 5h1tty end of the stick and why I am near free of bank shares GL.