Member Info for Gate13Boy

Quite TFE,

You can't keep printing money and not expect inflation to come out of the other end of the pipe down the line. They've all been at it the central banks to prevent economies collapsing and recessions, and replaced those scenarios with a slow burning alternative through QE which was always bound to have ramifications. Time will tell how bad things will get. The Tories IMHO have wasted a lot of money on track and trace, furlough fraud etc but things have been done with the best of intentions. It is unpalatable, but at least they have had the balls to start paying it back, something Labour would just put off storing up more future pain. We just have to hope the economy can withstand the pinch everyone is going to have to endure for a while......

And still the buyback argument rolls on.

Here is an excellent article for those who don’t understand or who question the use of buybacks…..

https://www.businessinsider.com/personal-finance/stock-buyback?r=US&IR=T

And still the buybac

Going along nicely these.......no turning back hopefully

Not due a MPC meeting till May I thought Livestock but I may be wrong. Every little helps as you say......

Anthony, you'll get your chance to get rid of the Tories in an election. A bit similar to a democratic vote to leave the EU.

The buyback when complete should have supported the share price by about 2.8p, I believe I've read on here. Haven't done the maths myself.....

machiismo,

You mention the Ukraine war as a reason for Lloyds share price. Are you happy with the EU's "coordinated" response to Putin ? Macron visiting the Kremlin and making private calls to Putin behind the EUs back. Are you happy with the German response to sanctions on Russia ? Germany and France being the 2 biggest players in the EU of course......Boris may have his faults but he has done our country proud in his dealings with the Russian invasion of Ukraine. Proud to have voted for Brexit. The EU Covid vaccination debacle alone to me vindicates the decision to leave the disorganised, disunited and dysfunctional mess the EU has become.

Your shares are worth more. It's not an illusion. You're just falling into the trap that because the share price is not going up at present, the buybacks are not having a positive effect. I'm sure you I don't have to tell that shares can move down as well as up for all sorts of reasons.....lol

CSD

“ And yes for every £1 they blow on buybacks, that's £1 less on our Balance Sheet - reducing the NAV of the company and less money to distribute as dividends.”

How are they “blowing” money on buybacks exactly ? And is not paying a special dividend going to reduce capital available to distribute as Dividends ? I do love coming to this bb for a chortle…..

CSD

Redmoor,

About 1/4 I believe.

Just had £400 quarterly gas/electric bill to end of March Victor. Expecting a 50% or so rise ongoing. 3 bed semi. No more tumbler drier so hanging clothes up and hot water bottles. I can comfortably absorb the increased bills thankfully but resent the huge increases so making economies out of protest lol

Inflation is going mad everywhere mick. I read Turkey's was over 60% today.....

With respect AndAnotherThing, I'm not missing anything so there is no need for childish sarcasm. It was all to do with the pandemic as to why the dividends were suspended. Look it up if you want confirmation. The dividend progressive policy was then reviewed and restarted.

AndAnotherThing,

"gate13.....the board have confirmed a progressive dividend after retracing back from 3.21p to 2.0p lol....they are not to be trusted."

The board were forced, as were other banks, to suspend dividend payments during the worst of the pandemic and strengthen balance sheets for lending to companies.

I guess if you don't trust the board, invest elsewhere would be my suggestion.

Hard Up, a special dividend more often applies where one- off profits have been made as in a disposal etc. That is not the case with Lloyds here. The board have affirmed their commitment to a progressive dividend policy.

Good man Brixton,

I wasn't directing my comment at anyone in particular.

I'm going to sit on these. The NAV of Lloyds is much higher than its current share price, hopefully this Ukraine disaster will come to end and interest rates which have been too low for far too long, settle at a reasonable level to stem inflation without causing re-possessions and companies going to the wall. I guess I'm a bit of an optimist but am keeping the faith here......

A quick glance sees Barclays and HSBC down as well. I guess if peeps don't want to stick the current Lloyds doldrums out, they can always sell up and invest their money elsewhere. No offence, I'd like to see the price higher, but moaning about it can't be good for your mental health. Why don't you sell your shares to Morgan Stanley and be done with the misery here ?

"Anyone any comments?"

Yes, you've got too much time on your hands....lol

Probably more decimal places as you say.....

WW,

You forget about the sins of former policies such as PPI that Lloyds have been coMpelled to compensate and the enforced dividend break during the pandemic. I don't think it is a bad resumption of dividend payout considering the yield and quite rightly will be progressive. You can always take your money elsewhere I guess. Morgan Stanley will happily take your shares off your hands......