ZIRP Your comments " If Lloyds say to me I will pay you X tomorrow, my expectations are framed accordingly " and "we were induced to buy shares on the basis of a false promise" IMO are not factually correct. The BOD did not "promise" or say "I will pay you X tomorrow". The BOD PROPOSED a final dividend which was subject to approval by share holders at a vote at the AGM. This PROPOSAL was withdrawn on the 1st April 2020, and this was 2 weeks BEFORE it was due to go X-Dividend, after the PRA requested banks to with-hold dividends, so it was not put forward to vote on at the AGM. So the point I am making is that the PROPOSED dividend does not become a PROMISE until it has been voted on and approved by shareholders at the AGM. This is the same every year. Perhaps people should pay attention to the old adage "never count your chickens until they hatch".
Brixton I was on a ship all day yesterday doing an audit so never got a chance to respond to your earlier post which made me laugh "Having a p!zz at 3 in the morning is a bonus , had 2 heart attacks aged 48 , still fag it and drink like a fish " This reminded my of and epitomises a quote from an American author Hunter S Thompson who said "Life should not be a journey to the grave with the intention of arriving safely in a pretty and well preserved body, but rather to skid in broadside in a cloud of smoke, thoroughly used up, totally worn out, and loudly proclaiming "Wow! What a Ride"
"in the last month the DOW Jones is up 0.53% Lloyds in the last month is up 11.35% there's no resemblance" To put this in perspective, Lloyds was only recovering the losses it had made since June. In the last 5 years the DOW Jones is up 92% in the last 5 years Lloyds is down -7.5% there's no resemblance In the last 10years the DOW Jones is up 190% in the last 10 years Lloyds is up 48% there's no resemblance
I think new until we get clarity from BOD how excess cash is returned the share holders, which will not be until final results 24th February, the trading range will be 47p - 49p. There seems to be quite a few who are expecting a special and/or buyback announced at 3rd quarter update, but Lloyds have already said at half years results 29th July that a decision will not be made until final results because of the uncertainty/unknowns still prevailing. I am certainly not expecting any deviation on this, although it would be welcomed if there was.