Member Info for Gate13Boy

I’m with you now livestock. Thanks.

What did this bit mean ?

“May be you could post new about Lloyds bank in a Lloyds share chat page . Pr..k”

Not so livestock. I merely didn’t understand a post from earlier that you ended with a swear word and asked for clarification on it. I think you’re confusing gross pay with take home pay and also millions with billions.......

Livestock,

Have you got a link somewhere to AHO taking home £6bn a year ? I’d certainly agree with you that that is excessive remuneration.....

“All this time his take home salary of 6bn plus bonuses”

Someone needs to tell him he earns that much. He might even leave to placate you.....

Livestock

“May be you could post new about Lloyds bank in a Lloyds share chat page . Pr..k”

You’ve lost me. Can you explain what you mean ?

Livestock,

Do we really care about his affair ? John Major sha*ged Edwina, Boris has been at it, Trump, Bill Clinton etc etc.

I assume you’ll be selling then James ? Because one would think that we’re leaving the EU.

I wonder sometimes at the constant slagging off of AHO and the board on here. I’m fairly ambivalent as when you compare the RBS and Barclays share price over the last few years, you can see a sector trend. Without trumpeting the board, the company is back totally in full private ownership again, meets the stress tests, is paying dividends and is in fairly rude health again.

HBOS was a disaster with its associated bad mortgage book and PPI liabilities but you cannot blame AHO for the mess he inherited. With PPI finally gone next year and clarification over Brexit, one can be fairly optimistic going forward. When that translates into the share price is anyone’s guess. I guess we will have to carry on waiting in the interim.......

Random - the board now wish to pursue a progressive, sustainable dividend policy instead of one-off dividends. The buyback removed 1.6bn or 2.2% of shares from the register. Wouldn’t be the worse thing in the world if the board did it again with excess capital reserves.

Probably awarded as part of the Incentive Plan. RNS on May 9th probably relates to this award.

E-coli

A sustained buyback might be the answer. Amazing that the share price hasn’t recovered since the last buyback ended as it was blamed by JR and co for the plight of Lloyds. Just goes to show what bovine excrement they were talking.

Freya, have you thought of sticking your head under the decking and shining a torch in the darkness at your face ? That might work.......🤔

I guess the only way to curb Director excesses is to vote them down at AGMs.

600m additional shares were issued in 2017. I don’t remember a furore about it at the time but I guess there wasn’t a buyback going on then to take the blame.

You’re right though Rob, human instinct is to look after oneself first.......

Oh I agree JMO, I’m finding it hard finding value picks at the moment. I’m half in cash. I don’t like my cash doing nothing but I’m wary. Brexit I’m sure will present good investment opportunities. We shall see......

Can’t see a crash coming JMO to be honest but maybe a possible asset re-pricing until Trumps little trade wars are resolved and Brexit of course. The Eurozone issues will hopefully be nothing to do with us soon. Where does one put their money is the question ? Interest rates at 5% whilst many of us remember them and can cope are alien to a lot of people now and household debt would be unserviceable.

Still confident in equities but with a volatility caveat.....

Just popping my head in here as used to be a TW holder. Sold in the 180s and watched them go through £2 earlier in the year again but happy with hindsight now that I ditched. I guess they’re being marked down on the back of housing market expectations in terms of house price growth. I am a firm believer that when the double digit annual price growth subsided, the builders would have to increase build volumes dramatically to maintain double digit rising rising profits. Time will tell and the sort of Brexit we get will be pivotal. A no deal will probably lead to increasing inflation and higher interest rates. A negotiated decent deal will be beneficial to the house builders. Hope it pans out for you guys. Doubled my money in TW so I hope it stages a comeback for you all. I’m just a bit wary looking ahead but hope I’m wrong.

Do you want to break the good news to JR, Freya and co or shall I LTI ? Lol

It’ll be 3 aliases we don’t know about yet LTI....lol

I guess sterling above $1.30 has had a knock on effect on the FTSE today too.

Lloyds has permission to buy back 10% of it’s stock if memory serves me right. I wonder what the proceeds of the Irish book sale will be used for......

You may well be right LTI. In fact I remember from my days in the industry when the FTSE and DOW never traded more than 1,000 points apart ! Im just slightly bearish at present given the Brexit uncertainty and Trump trade wars. I agree that fundamentally, UK share prices are still relatively cheap, I’m just concerned about valuations given potential trouble round he corner. Waiting half in cash at the moment.....