Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Pippa
I went on Holiday in 1973 to B&B in Camaes Bay Angelsey First holiday we could afford after being wed two years and the kids were toddlers.The Guy running the B& B was a scouser ,thats ok .He said he would babysit the kids whilst we went to the local but also said he would open he's little bar ,no other guests so why .
We soon found out ,as we walked into the Pub everyone was conversing in English I ordered two drinks and everyone started conversing in welsh.
Never been back to Wales and to be honest having suffered that experience I can understand why the welsh race as always been at the back of the line when being awarded anything from the UK government.
Just as a matter of interest on the subject of the chase for a vaccine.
Sixteen years ago I held shares in a group called Montpellier their construction arm had a contract with Oxford university.
I received nasty and intimidating letters from a obscure group of animal right activists threatening to publish my name as a protagonist of animal cruelty and other veiled physical threats.
The company was subjected to vile threats of arson and vandalism and the site agent was proclaimed on social media as a pedophile which was entirely false.The individuals involved were eventually tracked down and jailed for years.
The pressure and bad publicity sent the share price down 50% and lots of private investors sold up because of the threats.
I held on even as the firm withdrew from the contract and eventually over a number of years the group prospered changed its name to Renew holdings and I made a lot of money when I sold the shares to the extent of a £80k capital gains tax bill. Guess what,I then put most of the profit into Lloyds in the post crash and look were I am now, back were I started .
Oh and the reason for this post, that construction project was the Jenner institute now leading the chase for a covid -19 vaccine.
Eccles04
You are able to commit to such statements because the NHS as been put in the front line and the measures the government as put in place stopping covid 19 becoming the equivelant of those medieval deseases that wreaked destruction through ignorance,a trait you seem to suffer from, politicising this awful situation get on your knees and thank God you are still here.
The way I see it at this moment in time is the best option for shareholders in Lloyds is to break up the group and sell off the seperate companies .
The net assets of the Lloyds group is twice as much as the sp so 30p a share times two is 60p then the premium each part of the group would attract in a bidding war would realize at least another 10/20 % so a break up return of 70p a share would put us all back in the realms of pre covid and we would not be waiting for vaccines or anything else to get back most of our investment.
The reason AHO stepped down was the rebuffal of his wage package proposed by the love myself renumeration panel and through the covid crisis no chance of upping his take anytime soon.
I may sound bitter but I think the private shareholders have been stitched up by this Spanish pirate and I do not wish him well.
That will not happen at lloyds as there are too many people in the hierarchy with the noses in the trough one as just stepped down taking about 25M with him and left me worse off than I was when he joined .
SUF
This new or not so new guy is a government lackey he presided over the payback scheme for the banks after the financial crash and dictated policy on dividends and buybacks amongst other restrictions to shareholders benefits.
I think were out of the frying pan and into the furnace.
Falklandinvestor
I am not trying to spread fear or talk crazy ,there are loads of examples of this board making decisions that suit the BOE (remember PPi ) they are at the moment toeing the FCA line and if the FCA extend the ban on divis and buybacks because we have not beaten the covid by the end of the year ,the Lloyds Board will carry on witholding the divis to conform .
The reason the FCA prescribed the initial funds payout is because they were terrified of being put in the same position as in the financial crisis of having to bail out the banks after the banks had just paid out billions in dividends.Nothing as changed covid is still here and so is the threat to the economy.
You can bet your bottom dollar that the FCA will decide how much of a percentage of retained funds can be paid out .
Asperger1 more chance of being struck by lightning in a cave as to getting these divi's there will be another dozen reasons rolled out why the BOD can't see to paying them.
We are in for a dry spell and it could be years.