Member Info for bertram

Hi Wids
Don`t forget though banks have also been cash cows for various governments hence why they rescued them. Wind fall taxes etc.

The banks were lobbying them on this, arguing they needed to be liberated to invest in IT, defend themselves from fintechs and compete with big tech and American banks.

“It convinced the European political machine, but not us.”

The proposals would make the UK's banking rules one of the toughest in the world.

It could also have a knock-on effect on the amount British banks can pay out in dividends.
From Express. Divi being targeted again, here we go.

It is hoped by many that divi will be re-instated by Lloyds. The BoE have given a guarded nod for this to happen. Pre covid Lloy was paying 3p+ / share. Now with PPI in history perhaps adding 1.5p to divi total ( cost £1 billion +/- ) and withheld divi from last year makes for a divi pot of just under 5p. It won`t happen imho. I think the Gov will already be eyeing up a windfall tax. LLoyds will be also keeping some back for "Bad loans" and of course nice bonuses for all the suffering staff. Share holders? who are they? what do they want? Divi? greedy sods, more jam tomorrow for them.
I hope I am being over pessimistic here but experience makes me feel we will be kippered up again. GL all long time holders though, you deserve a break.

Don`t think we can have a debate mixed with a bit of fun here. Some people living in glass houses report posts if not to their liking. I will just state that I am happy we left the EU. The whole world is ours to trade with if people will just give it a chance.

Or the UK fishermen duped by Ted Heath.

Lloyds Banking Group, the UK’s largest high street lender, is currently the only British bank that will refrain from handing out bonuses during the coronavirus crisis.

The bank announced in December it would axe staff bonuses for the year after profits plunged during the pandemic.

In October the bank announced it had rewarded its junior employees with a one-time cash reward of £250, while it considered offering its employees “recognition shares”.

The bank returned to profit in the third quarter reporting a pre-tax profit of £1bn, well ahead of the average £588m forecasted by analysts.

But the recovery did little to offset caution for the bank, with Lloyds in November announcing plans to axe over 1,000 jobs as part of cost-cutting measures.
Thanks Darth for something worth reading.

Lloyds Banking Group, the UK’s largest high street lender, is currently the only British bank that will refrain from handing out bonuses during the coronavirus crisis.

The bank announced in December it would axe staff bonuses for the year after profits plunged during the pandemic.

In October the bank announced it had rewarded its junior employees with a one-time cash reward of £250, while it considered offering its employees “recognition shares”.

The bank returned to profit in the third quarter reporting a pre-tax profit of £1bn, well ahead of the average £588m forecasted by analysts.

But the recovery did little to offset caution for the bank, with Lloyds in November announcing plans to axe over 1,000 jobs as part of cost-cutting measures.
Thanks Darth for something worth reading.

No Falky I think the question should be what are you on, this Earth or Fullers?

LLoyds has done poorly in the last decade pre covid. Paying a minuscule divi even in the good years. I think it has reached 84p in that decade and thats it. Now what makes you dream of 70p this year? 71 billion shares in issue means this bank would have to double in value in 10 months. Not only that the country is going to be cash strapped for next five years so this bank will not thrive. I have lowered my expectations with lloy and will be gone if it ever reaches 40p again. Please give me your reasoning as DYOR 70p 2021 is becoming worn out.

Please answer before long walk noddy returns or my post will disappear.

Hi all hope you are all fit and well.

There admin. Find fault with that post.

Throws even, doh.

Morning all, I don`t think that's totally fair TFE, Scotland were a pleasure to watch yesterday. Made England look like a school boy team, lacking invention, indiscipline, and showing no ability to learn. When in opponents 25 went with long throughs twice and lost own lineout. Keep it simple. 14 penalties and constant kicking ball away will win nothing. Well done to Scotland though, I hope they win it. France will be the game to watch.
As for SP tomorrow probably more stagnation. I don`t agree with the term "First into recession first out" More like first in last out and then not out for ten years. GL all lloy sufferers.

I thought they were suspended for decency reasons re shareholders. They have no shame. probably double them then, after all they are working hard from home for us.

Yeah can believe that, biggest con going. Make banks save vast amounts then windfall tax.

LTI, Hope you are right and I'm being overly pessimistic. It was a toss up between having another go here or Sainsburys. Played a wrong dom. Twelve years of poor performance divi wise and 71 billion shares in issue equals a very poor selection. Should have known. A buy back of shares seems the only way SP will ever fully recover but BoD seem content to issue more. Looking forward to 41p. GL

Three weeks time- "The bank is doing well but following advice from HMG Dividend will remain suspended. Due to excellent progress the bank will be re-instating bonuses though." History repeating itself. Roll on 41p .
GL all lloy sufferers.

Rosewall,
I really can not be bothered reporting anybody's posts, not even your bilge.
Strange how posts disappear when your involved though eh?
People who live in greenhouses Rosie old boy.

"Are you seeking attention this morning" Nope just something worth reading.

Yep, plenty of information in there falkland. I asked you without insult to bring something worth reading to the BB.

49 posts on here this morning and only a few worth reading. Come on Falkland give it a rest. I will accept that you know everything about everything so you don't need to keep repeating. You could even DYOR Then bring us the research you find. New true and original please.

Theosus, Sorry for late reply.
The main reason to hold shares is for dividend. How much divi has been paid out in the last decade? Accepted the bank has a huge monster on its back ,HM Gov, but this has not stopped it paying huge salaries and corresponding bonuses. I have been in this share before and got out in profit but not from divi,s. Then as now we keep being offered jam tomorrow and again I feel the private investors are being had for suckers. It is always the share holders that get the sh177y end of the stick, last in que for any surplus the bank / Gov leave over.
Life is not a dummy run and every year that passes with no reward for holding this share is a year lost. Your point about American competition is a good one but are LLoyds not the biggest mortgage providers in the UK? Come to the conclusion banks are some of the poorest divi payers going, basically Gov , director and management cash cows. This is my last foray into the sector.