RE: RE: re: Β£2 Billion share buy back22 Oct 2018 12:15
TFE.Good morning. Hearsay and speculation from Bloombergs, but IMO they have a good reputation for getting the inside story but more convincing is Lloyds reply to the rumour.They use words that are wishy washy ,like hope instead of confident etc., In addition the almost £4b from selling the Irish Mortgage Book should primarily be used to pay a special dividend to really show they mean business is supporting their shareholders.Just think what that would do for the market and show they are not totally bereft of ideas.If only.
I have said enough about buybacks but if it is to be done I hope they have the good grace to wait to the PPI issue is dead and buried.Then even I would agree there is a modicum of logic going forward.
For them to try and state that this is some big time consuming boardroom issue belittles their standing.This is 10 minutes at a parish council stuff.ps.The special would mostly re-invested with them anyway.
GL.