RE: Lloyds Bank returns £4bn this year9 May 2019 14:52
Given we agree the BoD have no strategy for the long term deliver of value to shareholders and worse still even less idea as to how they are going to develop the Bank,the future is not exactly exciting.So lets review the past and the infamous 3 year "plan".
Digitalisation, which should be ongoing in today`s world.
Increase in dividend.Well below the freely given promise of 50% of annual profits when they returned.Totally broken.
Implementation of buybacks and the undermining of any benefit it may have.But lets look slightly deeper at this.New shares of 545,000,000 at a cost of some £300 million plus.But to me the one question stands out above all.Who is going to get the bulk of these new shares as freebies,if not AHO and his fellow Directors?WHO.
If I am wrong i will apologise, if not we are having our pockets p.icked.What they are doing is despicable if not worse.
Our only positive is that PPI will run out and they will probably have the cheek to take credit for that.I would like to know how it was monitored given the government body appointed was not impressed.Were the claims checked?
Still against all odds we continue to strive forward.God knows how