Member Info for Jakito

Barc divi not enough to get folks excited here, glad they've resumed but yield far too low and will give a short term negative dent to the share price at Lloyds.

Decent results but the investment arm (which Lloyds don't have) has made a sizeable contribution.

Still positive Lloyds longer term and could well surprise with a 1p divi of their own on 24th. Closed all spread bets this morning and went short. Watching to see how the rest of the week plays out and might jump back in late Friday or early am Monday.

All the best.

Of course! Thanks bobbins, just trying to get my head around the mechanics of the two markets.

Appreciate your response.

Why do you expect this to drop back? any rationale? do you expect no return of divi on 24th?

Good Morning Falkland,

Interested on your take on why the 7% rise in the US hasn't led to a higher opening price today? or do you expect it to get a boost as their market opens this afternoon?

I'm expecting 40p to be breached today though people reducing positions ahead of Barclays results tomorrow may impact this.

Cheers

Not quite the opening bang i expected, holding steady for now, hoping for a gradual rise throughout the day and strong close above 40p

Decent buying pressure from the US saw the LLOYDS ADR up 7% at close last night so would expect to open at 40.5-41 minimum at open, might drop back a bit after open but fully expect to stay above 40p at all times today and close strong circa 42p.

Should be a profitable day ahead!

Suspect you would have done better waiting until Monday at least, but who knows, see you on the other side!

Today might well be the last chance to get in sub 40.

All the best, exciting year ahead in the market!

ah, thanks DP

Thanks Joe, where has the end of Feb pre-feed report estimated deadline been reported?

Hi All,

New here and in the process of researching the Greenfield opportunity.

Is there an indication of the cost and timeline for the set-up of the first 10000 bpd facility? is this potentially the first of many should the process be proven?

Cheers,
Jakito

Colins/DP, is this something that can be shared with the forum?

we'll be at 40p tomorrow if Barclays announce a decent divi

Just doubled position sub-36.5, could drop a bit further but happy to add here, roll on results date and divi time.

Thanks,

Yes I understand the two aren't directly linked but I would expect the market to value the dividend correctly and the share price to reflect this.

2p div - 40-50p @4-5% yield
3p div - 60-75p @4-5% yield

We'll see what happens come the 24th, I fully expect a steady continued rise to 40p+ until then.

Thanks Darth,

So your view is that that any divi announcement won't come until autumn?

You didn't really answer my Q as to whether you would expect a divi to underpin the share price as I laid out?

TIA

Darth, thanks for your response.

I take the view that dividends will be re-instated, and that they will adopt the planned quarterly payment, this will be very attractive for income seekers.

"Even if the Divi is paid the SP will retrace as expectations for the holiday seasons are dampened."

I suspect the dividend will underpin the share price at 4-5% yield price, so let's say we get 2p for the year, 40-50p would become the new base. Any upside on a 2p total dividend will be reflected in the share price i.e. 3p divi = 60-75p share price, though this is unlikely this year...

Do you agree with any of this? don't you expect the yield to support the share price?

For the record Darth, do you or do you not believe the dividend will be reinstated on 24th Feb?

Do you expect this to have any impact on the share price?

Are you short or long on the share currently?

ATB

We'll hear from Barclays on 18th Feb regarding their dividend - this will give us a good idea of whether the Lloyds dividend will be re-instated. 4 trading days time...

Here's a comment from Lloyds CFO on the back of the Q3 results, sounds positive to me:

"The organisation, I think, entirely recognises
the importance of dividends to investors. We also see ourselves as you commented and we also agree with, we have a very
strong capital position, both with and without transitionals"

ATB

Just a thought.

Barclays Final Results are one week today (18th Feb), if they announce dividend resumption it certainly increase the odds that Lloyds will....therefore we may get a dividend related boost to the share price in advance of Lloyds Results date.

Would be happy with a quarterly divi of 0.5p, with a possible special of 1p to be paid promptly in respect of the lost 2019 payment. This would give a bonus 2.5% yield, and an ongoing 5% yield at 40p share price which I expect ahead of results.

Anything over and above this will be excellent news imho.