Member Info for leas

EasyTiger

Cannot see your trade. You would get better odds of a return down at the casino than investing here. Avion must be pi55ing themselves at the plight of IMM. All those years of investment and science going for a song. They will probably get the rights to P140 for less then the cost of a new Aston Martin.

Groundhog Day again I see. This is 2023 not 2019. Move on ffs. I would gladly forsake my dividend for the sake of my mental health,
I doubt had it been issued that it would have been life changing.
Only logical conclusion is that this LSE member is attention seeking.
Do you not think that if any fraudulent act occurred to withdraw payment the 84% ii would have something to say.
Move on and spare us the temptation to massage your ego further.

@ Nuwanda
Yes, always worth a gamble but with US banking updates coming it was not a gamble I was prepared to make

LTI
Why weird? MC go up as well as down. Wider market conditions can change the fundamentals. For example high interests rates being good for banks. For me personally, I think the MC should be higher than the current value hence my decision to invest here.
However, should that opinion change then I will reconsider my decision.
Hence my comment ‘for now’ Not that I think or hope it will be.

A few negative comments yesterday pointing out the pitfalls of investing in LBG despite posting positive comments prior to xd date.
Call me cynical but their gamble to buyback in much cheaper (to date) has not paid off.
Just have to swallow the dealing fee and loss of the divi and admit their strategy faltered. :)

A1
I feel your frustration but other financials cancelled too. Veiled threats from the BoE and general sentiment at the time. I get frustrated when a CEO of a company goes on the PR campaign pushing his/her goods and find out there is a fundraising RNS after I have parted with my cash.
Sadly a 'murky world' we live in. Over 80% of this company is held by ii's, with a low % held by hedge funds. Less than 1% is held by insiders. Whether you or me like it or not we are at the mercy of the majority shareholders. I knew this before I bought so if my strategy of 'following the money' fails then there is only me to blame.
Have you ever had any investments held in the hands of the administrator? I have, not a comfortable position to be in. So, apologies having recently invested here, your loss of a dividend payment is a 'hiccup' in the grand scheme of things.
Personally, I would have used that opportunity to average down when the sp slumped, Maybe you did, but I guess that's not relevant.

https://www.bing.com/videos/search?q=let+it+go+chorus&view=detail&mid=4D16EC21947B92E63AA84D16EC21947B92E63AA8&FORM=VIRE

A1, don't know if you have been told, but the lockdowns are over, interest rates are much higher and EPS is getting better.

https://www.bing.com/videos/search?q=don%27t+panic+mr+mannering&view=detail&mid=CD8577F8590E762C3A1CCD8577F8590E762C3A1C&FORM=VIRE

Brass
All depends on your pf and how you manage it. Also the expectation that the sp will be higher once those sales have concluded. For me, I bought in when the sp recently dipped to 45p and elected to take my dividend by way of additional shares so my original holding has now increased despite the drop today.
Also the buyback scheme may be 'skewing' the sp too as I'm guessing the broker wants as many shares as possible for the money allocated to this strategy.
'horses for courses'

You could argue that it was theft when a family on low income, struggling to pay bills and not in a position to save had their tax contributions used for bailing out the financial institutions. Then have their pay frozen for the next decade. Quite right that most banks failed to pay a dividend during the pandemic, it would have returned banks and confidence in them back to the cesspit of 2009. Get over the it, or at least look at that decision with a degree of intelligence rather than greed.
Ask yourself why the 86% majority shareholders (ii's) never challenged that decision.

A1... just for you. :)

https://www.bing.com/videos/search?q=let+it+go+chorus&view=detail&mid=4D16EC21947B92E63AA84D16EC21947B92E63AA8&FORM=VIRE

Brixton
Although I have my opinions of the Windsors I do think your statement about them being parasites is a little shortsighted.
Not only do they bring in millions through tourism they bring business to the UK too.
Although unelected, I would argue that our politicians are far more parasitic than the Royal Family.

Noocyt

With institutions owning over 80% of LBG why would they allow the BoD’s to apply this strategy of buybacks? I just cannot see them ‘throwing money down the grid’
I understand investors have differing opinions but the same applies to other banks having this strategy in place.
Surely reducing shares can only improve the yield.

Guys
We can all debate or have an alternative view on buybacks but we are mere spectators. Just over 10% of shares are in public hands. The majority are with differing institutions that will use the dividends to pay out their clients. Whether we like it or not, they call the shots and to a large degree dictate how the pie gets shared out.
The sp or MC is not as important to them as it may be to the private investor who is largely looking at selling at a profit. Only my view but the yield is more important to them, this way they can meet their obligations to pay their clients.

Panderman
Buybacks are only part of the story for Lloy. Their current financial services portfolio is pretty impressive to say the least. Adding to that in this current climate imo would be very risky in whether or not shareholder value would be achieved. At this moment in time buybacks will save money and going forward offer the likelihood of an ever increasing yield.

https://www.lloydsbankinggroup.com/who-we-are/our-brands/lloyds-bank.html#:~:text=Lloyds%20Banking%20Group%20is%20best%20known

apologies, reduced from 8% to 3%.....

Surcharge on banks profits from this month have been reduced from 6% to 3%. With the cost of borrowing increases over the last year, UK banks are in a pretty good position.

I was reading over the weekend that 3% is the ideal interest rate for banks, good profits with minimum risk to borrowers defaulting.

I’m guessing that at the current MC many investors will opt to take the divi in shares knowing or believing the yield will increase in the coming years.
I certainly am. Although on the flip side, it reduces the impact of share buybacks.

Robina

You could say that the same applies at Lloyds. ‘You pays your money’

Good luck with your investments

Robina
With the risk of giving you an opportunity to ramp BARC, why do you consider them a better bet?

Does that logic apply if the recent sell off is applied? Is it not just recovering ground?