Contain the excitement of Barc results, as by the time Lloyds turn comes, all the 'expected' good news will be OVERLY priced in, so even if 'good' it will drop by the end of that day.
If, as they do add more provisions to fund the feckless, then it will drop even more.
Watch the wise exit pre results.
... on the dividend and we would be standing still with the capital invested here, (assuming no drop from div payment).
Still, 2 or 3% loss of spending power on an investment is 'good' in double digit UK down the pan times I guess.
At least we know that Lloyds will fall on results day.
For if bad news re more set aside for future bad / soured lending, it will head North.
IF better news, it will all be priced in, AND some, what with Lloyds being the 'last' to declare and so will 'fall' on the already know results as those with prior knowledge get out early doors.
At least some things are more certain.
Suddenly Jefferies seems, as it would have been 'taken' IF it had had a negative view on Lloyds, to be 'wrong', unless the 40p downside is due.
Dire long term investment, and we would 'allegedly' be at 44p without buybacks. Most telling, as house prices have shot up, as have interest rates, so there is NO catalyst left to 'lift' this anymore.
But plenty to bring it down.
Suf, if your 'wages' were instead of a dividend, interest from a building society, and that b.s took the amount paid to you 'off' your capital, I wonder if you would be still as content?
The buyback isn't working, OR, if it is, then just shows how dire a share this is for the 'price' of it, without buybacks, should, if working, be far far lower. Factor in 'inflation' and 'see' the issue here.
That is the point stroller, whilst less shares means that profits in the form of a dividend 'could' be used to pay larger dividend sums, that is then up to the board to decide whether to or not.
The 'or not' will be the likely choice, and feeble increases costing a 'fraction' of the 'saved' amount of dividends by having less shares in 'issue' will be the likely result, as no company will pay out MORE than it has to, so all the time it is paying a slightly higher than ave div, then it has no need to pay more, no matter how many shares are 'out there'
The money saved imo, will be used to better the lives of top board members, then HMG stealth taxes from a greater 'profit pot' and then 'helping' the nere do wells who have over borrowed. NOT necessarily in that order of begging bowls.
In the UK 'profit' is seen as something 'shameful' all the time some nere do well is interviewed, filmed by our wonderful BBC et al.
A perfect 'excuse' then with the naive public on side, for HMG to then skim off much of the 'immoral profit' by stealthier stealth taxes before the shareholders 'sum' is calculated, so imo, don't expect to see much of it, expect for buybacks, which when the next crisis occurs will be swept away, assuming that any gains from such 'hold' that long anyway.
See Lloyds as farming on the rich soils of a sleeping but active volcano. A great yield, but if a huge amount of that profit is continuously used to invest in cultivating more of the volcano, instead of being distributed to the farmers who can spend it away from the area or invest it in other areas, COME the almost certain next eruption, all those years and years of work is lost, not just the current year which would have been a risk worth taking. All eggs in one basket never wise, and buybacks 'add' more eggs to the aging basket.
Still all been said, but trying to prevent the cancelled div thread re-appearing.
So much nicer here even with that 'spat' than when Cathsoames, Jayfax, Crowcast etc etc was ranting daily. Sadly it is due a return soon I am sure.
Summary of Asperger fantasy pf:
Lloyds has done worse than all the other shares listed.
WL/ NC was correct, but no apologies if he/she is still around, as we don't like to admit 'we' were wrong in our assumptions, so spin or fudge the truth and hope, as they will, all the other wrong but hopefuls don't break rank and see it for what it is.
Pointless waste of time voting against the large institutional holders who play a very different game to small scale lth.
The same as the odd few worrying that negative, albeit honest posts on here will have a negative effect on the share price. It will make no difference.
So freedom of thoughts and speech welcome imo on here, and to watch those with more money than sense sing the praises, and be happy, that billions in buybacks still have not raised this share price, nor, imo, will. This truth can be witnessed when compared say Nat west, which has pulled ahead compared with Lloyds over the last few years despite all that 'could have been div' (but never would have been without buybacks, for other diverse uses would be 'found) coming our way.
Asperger despite the angst of mispent div, Suff over still awaiting the 'last share bought' to suddenly add all that 'wasted' cash to dire share price, and LTI never seeing any concern with Lloyds all have a right to their views, whilst so do I.
Difference is my view has been vindicated for a very long time, whilst the 'honest' on the board, taking 'personal likes and dis-likes out of the equation, KNOW that the the more positive posters views have yet to come to fruition.
Any extra earnings will be stealth taxed away by this Gov, and stolen even more so by the next Labour Gov, so a dangerous sector to be in, for even IF the buybacks did 'add' to the share price, then that will be swept away in seconds at the next 'draconian' Tory stealth tax or Labours resentment of 'shareholders' having money when the daily arriving flotsam has none.
Lloyds now just a buffer zone between the growing poor, and HMG the latter needing more which HMG can only 'get' from taking from the few large companies making plenty. The years of Gov bank bashing was not for nothing but to ensure the public were 'on side' for HMG to then raid banks to ease their burden but at our expense.
"The UK's financial watchdog has proposed new rules that will allow apartment leaseholders to claw back millions in rip-off insurance costs'...........
Rest of article on the news icon.
Will this be yet 'another' stealth tax on companies seen to be making easy profit to then fund the great unwashed to keep tills pinging, as the Gov can no longer afford to meet fiscal obligations but know a lot of shareholders who can, and will, by force?
Read yesterday that we are going to have more Government 'interference' to the negative side, as the large banks have not been passing on the interest rates on current and other accounts quickly enough or increasing the amount paid by large enough amounts to satisfy HMG 'watchdogs'.
As I always remind the gullible, that just because the Gov is OUT of Lloyds the puppet strings still run back to No. 10.
Despite the fact that HMG has enforced the making of 'changing banks' easier for all, clearly they are still pushing banks more and more to fund the alleged ever increasing impoverished public, but at 'shareholders' NOT the CEO's cost, as they, HMG do anything and everything to keep money in the hands of the public to keep the tills pinging, and to avoid themselves having to fund the great unwashed ever more, when they know that 'greedy shareholders' are an easy 'target' to milk now, forever.
So the more we earn the more of a target for this, and even more laser precision targeting by the likely 'next' "shower in power"
As I have said before, I think as almost all MP's never wanted us to leave the EU from most political parties and even the then U.S President and most countries didn't either, then as the intense project fear never broke the UK's electorate spirt, then, as those in world power don't like plebs going against their wishes.
So what to do? To ensure democracy appears to have been 'allowed' the leaving had to go ahead. And I truly wonder as I see the Tories become more like Labour every day, with more taxes on those who work hard, more benefits and help to those who don't, I think it 'may' be a ploy by the Tories to deliberately loose the next election, to then give Labour power.
As they know Labour will bankrupt the country, and then years later Tories will 'ride to the rescue' BUT importantly with a 'new EU watered down' deal.
So the elite will get what they want, the UK back in the fold, as to the rapidly changing world, UK politics are tiny compared with their aims, and can't help wondering if that is what the Tories 'game plan#' is.
Sounds crazy I know, and could be way off the mark, but the Tories are loosing their core voters by giving so much to newcomers, and to those here who choose not to work, presumably in the vain hope to gain votes, but if so, likely the plan will backfire.
Surely inflation even without interest rate rises 'should' albeit in a longer time frame, take care of itself.
For whilst HMG raising interest rates supposedly is the main tool in the box, it is mostly mortgage holders who 'suffer', whereas inflation is affecting most everything making such more expensive ( except most tellingly, this share price which at inflation @ 10% pa SHOULD be 5 pence higher just on inflation alone, let along the 'added' value of buybacks.
But the point being as everything is going up, then there should be no need for interest rates to rise, as the fact that prices are increasing WITHOUT such, will 'do' what interest rates 'do' anyway, price people out of eventually being able to 'afford' so much, thus it 'should' self cancel.
As it is, by HMG keep increasing interest rates, it ends up shooting itself in the foot, as the Gov debt increases. Whereas IF they let inflation grow on all things, then eventually the items would have to fall in price, or remain 'unwanted' as unaffordable, and HMG's debt would not increase.
I think I would be better than Kwasi or Miss-Trust.
Several clearly agree with you bertram.
Just be careful as there are a few who, for some reason cannot bear anything bad ever said against Lloyds, as a parent can't hear bad against their child.
So, if you are a holder and criticise it in any form you are told to 'sell up' and go elsewhere, as you are likely wisely doing.
BUT once you have left the 'fold' then if you ever then criticise Lloyds, you will be told 'As you have no shares why are you on here complaining about Lloyds'
So speak no evil is the 'only' way in some blinkered ears who themselves can bear to 'hear no evil' , and only 'good' things on this bb can ever be said. Hence the lack of comments other than us all repeating the same old .
The share price says more than any words ever can
Taverham, issue for shareholders is, IF interest rates were pushed back up to where they need to be, then in todays 'nice' society, anyone not being able to fund their greedy, thoughtless, or just plain stupid, overstretched financial commitments, be it mortgages on larger or more expensive homes than they 'needed or deserved' or luxury cars, or a myriad of other status costly lifestyle 'wants', but all funded on loans, then it would be EVERYONE else's 'fault' but their own.
And we would be giving mortgage holidays, loan breaks, allowing thrupence a week payback for these 'victims' so would likely not 'gain' in this pathetic almost 'Labour' thinking society we now have.
Victims 'used' to be the innocents of someone else's wrong doing, NOW it is self inflicted, be it taking on too much debt, messing about a school and gaining a poor education, or doing drugs or alcohol, or having a child at puberty, etc etc, and then not just expecting but now KNOWING that all those who didn't do such, will 'bail them out' time and time again.
Disgusting for a Tory gov to allow such, God only knows how much worse it will be when Labour take over.
Great so with our div alone, we are only losing five percent on our wealth while invested in Lloyds, and, for long term holders, given the share price despite 'buy backs', is still for many far lower than our original purchase price, the loss on the total capital 'invested' here for a decade plus is even larger.
Yet still 'fools' sing it's praises.
Whereas other shares are multiples of the original investment and have paid div's for the full time invested.
Backed the wrong horse, never again will I bet on a black one.
A dire investment for lth's.
Buybacks only for the benefit of the Board, to gain bonuses and for those who hold so many that they can't all be held in an isa or other tax free wrap.
If the buy back has 'added' to Lloyds share price, what are we assuming it would have been 'without' such a 'boost'?
Just a buffer zone between the UK's struggling economy and a Government who can't afford to keep the country afloat without 'taking' larger portions, via stealth taxes from those few companies like Lloyds who 'are' making good profits.
So the shareholders are the ones paying for the increasing dross in our society, not the CEO and board, so it never ends.
Bald Eagle and Guitarsolo.
I NEVER used the word 'spongers' in my post. Please read what I wrote, not what you 'assume'.
Stats such as GDP increasing is more likely due to the fact than it is countries who were doing so well, that they needed extra labour, OR, because they were doing well, 'attracted' more outside labour. Work visa would be a better option for such need.
Poorer countries who have their numbers swelled would likely not agree with your stats pboughton, and the richer countries doing well act as a magnet to extra labour arriving, so it is the effect of that, not the cause which raises GDP
Anyhow more concerned if interest rates rise will this be one step too far and start an overblown exodus from fiscals, or improve demand for such as LGEN?
Either way up, down or static, I am sure the decision will be 'played' to the max to create volatility for a while, just wonder which way, but can guess, South.
I think much of the 'odd' explanation can be partly explained by the influx of newcomers who often have large scattered amounts of offspring. These additional numbers may well make up the deficit of falling indigenous births, but sadly too many will not be the 'answer' to the lack of available labour as many choose not to follow their parents way, and instead use the system to continually add new persons but all state funded, thus adding to the problem, not alleviating our issues.
Can only hope that tax credits are one day cut to then be as it used to be, that if you had children you needed to do MORE hours not less, as now, the state makes up your short or no hours to an equal level of income, and subsidised rent and council tax and extra help with food and fuel, is currently making the 'tax credit' lifestyle ever more attractive to those doing just 16 hours a week, thus adding to labour shortages here.
fleccy, I have stated similar on here before.
It was obvious that few if any Politicians wanted us to 'leave' the EU.
Even the US then President didn't want it.
Project fear up to the vote was intense from all angles, and when it was proven not to work, all those who never wanted us to leave then had to 'ensure' that as many of their 'dire warnings' which were ignored by the majority of voters, would then be 'made' to happen.
Likely imo, partly as a 'punishment' to the UK to prevent what they all feared most, 'contagion' if the UK were seen to be more successful 'out' rather than 'in' to stop others following our lead.
Also, imo I think it may run even deeper, and those top powerful 'reaminers' will ensure that the UK is consistently now dealt a 'bad hand' to bring down the Government, to ensure Labour get a term in office, who will 'ruin' the economy completely to then make way for a new Tory leader who will tell the nation that we 'need' to rejoin the EU fold, but in a slightly different way and terms to make it 'seem' palatable to the then demoralised electorate.
As I truly think the worlds master plan is way stronger than UK politics of Tories v Labour, and as such will 'use' such to get what 'they' the worlds leaders wanted.
Democracy is ONLY allowed if it coincides with what 'they' wanted, and with the Brexit vote it 'didn't' so we can't have dim common people upsetting their plan can we.
Truly worried for Lloyds prospects as sadly Labour due to the above, are imo likely to get in next time.
Hope I am wrong, and may take the earthed baco foil cap off to be as dim and naive as the rest of the populace soon.