Member Info for Gate13Boy

Off you go again Cuckoo about buybacks zzzzzzzz

Why don’t you sell your shares here and move on cos the buybacks ain’t stopping anytime soon.

Try using the proceeds to buy another bank not doing buybacks and see how you get on......

Like him or loathe him, Trump’s twitter finger is having major effects on world markets.

There seems to be a global race to devalue ones currency now and that includes the US as Trump puts more pressure on Fed to aggressively slash rates, hence the rising gold price which tends to inversely move against the US$. Gilt yields are falling everywhere.

We could well be in for a choppy, volatile period until the China v Trump thing has played out and is settled. Trump is certainly taking risks with elections round the corner and he won’t care who else is hurt in the crossfire.

You will qualify for the dividend which is paid on Sep 13th.

Great results. Wished I’d topped up with more too. Hope the market likes them.......

Snige,

Having a backstop has been tried 3 times and each time failed to get through Parliament.

The EU are going to have to budge, pure and simple if they want our money and a deal.

The Chinese have devalued, Trump wants to so what’s the big deal ? Helps our exports and UK tourism.

Gold is probably in for a good run with Trump trying to devalue the US$ now the Chinese have devalued in the trade war.

Isn’t it a bit silly Cuckoo declaring you have a short now when a few weeks ago when the share price was rising, you claimed you had re-purchased your Lloyd’s holding ?

Anyone would think you’re making it up as you go along.........

I seem to remember Bruce that not all market makers open up at 8am and some not till just before the bell at 8.30. It can therefore distort the spread initially sometimes.

Looks like a bit of calm has returned this morning. Let’s see what Trump serves up next. Bigger tariffs no doubt lol........

Swings and roundabout currencies. A weak pound encourages tourists here and helps exports.

This is a global sell off too. Not 2 weeks ago the FTSE was not far off historic highs. Trumps trade wars are primary the cause of this volatility.

As if by magic zzzzzzzzzz

You’ve already bought back in Cuckoo. You told us all a while back so no need to try and bulls**t everyone.

Lots of media commentators at the weekend forecasting impending recession worldwide.

No doubt it will be blamed on buybacks by you know who shortly.......

Good work Tricky. I like to lay sometimes especially horses that don’t go in the ground. I like the exchanges. Better odds.

Betfair.......

Had 1 bet all Goodwood. £100 on Dee Ex Bee 4TBP @ 1.51. Thought Stradivarius would win but beaten by a length at Ascot last time out was too good a price.

Do you bet on Berfair ?

Tricky, AHO is no different to any other FTSE CEO. Snouts in the trough sadly.

Any horse tips mate you fancy ?

The problem with the banks at the moment are interest rates and perceived global growth estimations. I remember buying my first house when mortgage rates were 12%. Great for the banks at the time. Now we have base rates at 0.75% and 10 year gilt yields are below that figure. They have to make their money elsewhere now and free banking will end soon IMHO.

The market is betting that current profits will flatten with the banks. As much as Cuckoo and his acolytes want to blame the board for the current predicament and say buybacks were stupid, they have been quite prudent and should be able to ride the storm for a while and implement modest dividend growth. Special dividends have not helped RBS and Taylor Wimpey’s share price in the last few days. Special Dividends are what they are. They are not guaranteed going forward and can be removed when the tide turns.

Lloyd’s may well be worth what they are now until Brexit and trade wars are resolved. Happy to hold and take the dividend in the meantime.

Probably coming at it from different angles as you say LTI. Osorio has sold without getting the dividend (ie not “cum”) if the ex date is Aug 8th in my book lol......

Exactly LTI. Osorio, if he has sold before the ex date, is not selling cum dividend. If he had bought and held them to the ex date, would be buying cum dividend.

Bruce, that relates to buying not selling. If you sell after the ex date, you are selling cum dividend (ie you have sold your shares but are still entitled to the dividend).