Member Info for Gate13Boy

What’s the alternative ? The whole thing goes bust in October or this goes through wiping out the shareholder. Fankhauser said they were seen as a distressed seller and so the airline bids were probably for peanuts. What a miserable existence TCG has been since it hooked up with MyTravel. Hopefully better days lie ahead for the company.

This will be de-listed and taken private with little or no shareholder value. Sad for the shareholders but good for the company as an ongoing entity.

Not sure why anyone would be buying these other than shorters closing their positions. I guess some are hoping there is a counter bid in the wings out there but very unlikely I would think.

Surely Richard instead of conducting buybacks with surplus capital, Lloyd’s would have made sufficient provision in the last 2 years and got all the bad news out of the way ?

You may well turn out to be right when the results are announced but I think you will be wrong and if anything, over-provision is written back to profits.

Hope I’m right - we shall see.......

Cuckoo, why don’t you work out how much has been spent on buybacks yourself ? Are you too lazy and have to rely on others ? There was a £1bn buyback last year and about 40% of a £1.75bn buybacks has been transacted thus far this year so I would say roughly £1 3/4bn has been used to remove shares from the register.

Please don’t keep asking the same question when you’ve been given the answer on a multitude of occasions as people might start thinking you’ve gone senile......

Oh Freya,

Are you really back again ?

Man lives long enough, he gets to see just about everything (Lou - Wall Street)

Best of luck Thedriver.

At least you won’t feel it necessary to vent your spleen on here anymore - it must be a huge relief.....

Can’t see a special dividend either. Lloyd’s is in a good position to carry on paying a progressive, sustainable dividend with excess profits used to reduce shares in circulation by way of buybacks if it deems the price undervalued.

With 10 year gilt yields trading at round the base rate now, the return on this share is more than attractive. Once the Brexit situation is resolved, I would expect capital growth.

For those not patient enough, there’s lots of other shares out there for you. Asperger would love you to sell your Lloyd’s holding to UBS in the interim.......

Littleaston,

For the umpteenth time on here. The buyback is unconnected to staff share awards. The share awards would go ahead, buyback or no buyback.

I’m hoping Bruce that Lloyd’s have over-provided and there is a writeback to profits not a further provision.

Additional provision has slowed markedly in previous results so I’m not expecting any horrors in the half year results.

I’m glad it’s not just me then. 13 posts today are not there. One can only presume a thread has been removed......

Wids, always interested in your comments as I hold a certain reverence for certain posters on this BB whether I agree with them or not.

One either thinks the UK / Eurozone/Global economy is headed for the dustbin with all this cheap money that’s been slushing about for years or the central banks have been quite adept at fending off recession.

I remember buying my first house with interest rates in double figures. Just about to re-mortgage the last remnants of my mortgage or just pay it off with ISA proceeds. A 5 year fix at less than 2% ? Too good to be true surely or is it ?

You might be right and we are headed for a horrific downturn the likes of which many have never known.

I think the Armageddon scenario you and a few others on here are predicting is not going to come to fruition. Hope I’m right.

Kind Regards

G13

Change the record Cuckoo will you ?

If you want to go down that road, pray tell, who elected Gordon Brown to be PM ? You really are very selective in your condemnations especially where your beloved communist party is concerned zzzzzz

Hope you’re eggs aren’t all in one basket SUF. I used to be large in Taylor Wimpey but left a while back thankfully. Some poor guys couldn’t get the party was over for now and have suffered. My biggest holding too is Lloyd’s and for now the div looks safe and progressive. Hope we prevail here. An income stock is the way to look at Lloyd’s IMHO.

You were tipping them at over £1. Hope you haven’t lost too much.....

He likes to moan about the Tories, buybacks, AHO etc etc but he doesn’t like answering tough questions that pick holes in his hypocritical thinking. Anyone with any wealth that they have worked hard to earn, is fair game in his opinion. And he likes to invest in stocks ? It’s time his medicine was put under scrutiny again at the asylum.....

How as Gordon Brown elected as PM ? Remind us all hypocrite......

Ta ta Cuckoo. Enjoy your evening. And things would be soooo much better with Corbyn dealing with Brexit wouldn’t they ? I mean what is he is exactly? A remoaner or a leaver ? He still isn’t honest enough to state his position.

I presume you haven’t got children because your hero wants to inheritance tax anyone with anything over £125k in assets. Priceless. Any you deal in stocks and shares ?? Talk about hypocrisy lol.......

Can’t stop laughing. Serves Gove right.

Knew you’d be out today Cuckoo when the share price went down. Where were you yesterday? At least you’re consistent. Move on you bore zzzzzz

Hope Boris’s MP mates serve Gove up shortly by voting for Hunt. Revenge is a dish best served cold.

Boris for PM.