Member Info for longtimeinvestor

HG

you are losing your mind yet again - what the fk are you on about - in a world on your own

9.94p

HG

''You were posting nonsense about your average, with the weight of someone who knew what he was doing. I'm sure it has dawned on you now..''

what nonsense was that? - Lloyds owes me 9.84p per share before I get back my capital expenditure.

Get help

Is well supported by NAV - only a small premium

Directors do not need to buy shares, they can just give themselves shares for free

Note - the directors have just given themselves a further about 9% of Met1 investment company.

As I have already said, a small percentage of total votes available are cast for resolutions put forward.

In effect the directors can vote for the resolutions, whatever they are and they will pass.

Fell

still waiting for an answer- why were you expecting the directors to give themselves 100 million shares?

HG

your brain has malfunctioned - get checked out

Prediction

Fakey

''For 2026, the company intends to increase its capital returns, with a planned £1.2bn share buyback''

That would mean after previous buybacks that a share price of about 320p would now be required to reach a market cap equivalent to your share price predication of 280p from over 2 years ago.

HG

LTI and "do some research and educate yourself!"

from my 13.38 post then you follow that with -

''No sane person holding loads of shares bought @ 10p or below is going to give that yield up . Not even at the point of a gun.

Clueless.''

Once again your age is showing - you have totally lost the plot.

Tnav per share has just reduced by about 9% - share price currently down about 7%

''the proposed issue of Ordinary Shares to the Metals One Plc Employee Benefit Trust established in January 2024 as well as resolutions approving the Director's authority to issue shares including on a non-pre-emptive basis''

https://www.londonstockexchange.com/news-article/MET1/notice-of-general-meeting/17411669

I believe one of the votes was to give themselves shares without mentioning numbers?

Fell

do you mean in the same way as about a year ago when an extra 800 million shares were expected to go onto the market and the price per share went beyond 50p before the PENNY EVENTUALLY dropped?

From where were you and others here expecting the directors to give themselves 100 million shares?

btw whatever the 3 resolutions were at the meeting only about 70 million votes were cast out of over a Billion.

To say again - there are not many who can sell at these levels and get their money back - hence the 'sucking it up'.

The votes cast were probably from the directors themselves and to add they are their own remunerations committee

And obviously the tnav per share has been pushed down with the issue of 100 million for free shares

Which means that the market cap has been pushed to over £23 million currently

- directors giving themselves 100 million new shares - shares in issue now 1,159,946,460

Shareholders happy?

Maybe they will let shareholders buy more shares at 1p in a rights issue, but then again it would probably exclude them.

ASI

''Nigel Farage mentioned that Reform UK would “slap a tax on the UK’s banking giants.”

'' Personally, I’d expect a decrease rather than an increase, as banks might offset the extra taxes. Dividends are paid out of post tax profits not pre tax profits so the higher the taxes the lower the profit.''

Do some research and also educate yourself

NC

''Both have risen a great deal, both doing buybacks, and having a progressive divi, is just drip feeding instead of paying a decent percentage to investors now could seemingly be the reason why investors would prefer NWG over Lloyds.''

NWG more limited buybacks.

If NWG profits fall by 25% then under their current policy their dividend would fall by 25%.

If Lloyds profits fall by 25% it would be unlikely that the dividend would be cut at all, and likely still progressed, which could seemingly be the reason why investors would prefer Lloyds over NWG.

''Whilst banks who pay the highest rates do so to attract investors''

No. they don't pay a 'rate' as has been explained to you in the past when the Lloyds share price was at 40p and you said that they only needed to pay a 5% maximum dividend. They make payments based on their dividend policy and affordability - it is for investors to decide what is attractive to them.

''for those requiring an income stream, clearly many will opt for the higher yield div''

if that is what is attractive to an investor then they can get a very high yield with SMIF, paid monthly.

''Even a donkey would prefer a full carrot rather than it being diced up and only promised a slightly larger portion over upteen years.''

Would a donkey prefer ever increasing pieces of carrot/s or a carrot ration that could be drastically reduced at any time.

''So I can see why you choose not to re invest here after the 14% drop''

Apparently not - to expand -

I made a token sale at over 66p because I said I would when the market cap reached the pre covid level.. Since then I have sliced a number of times to over 110p, so why would I buy at a price level above quite recent sales, having reduced my average price to under 10p. Do you think that I am in need to top up the vast number of Lloyds shares that I am holding?

I was selling up to near peak prices in 2015 and started to up my average price again with purchases when the price retreated about 25% from peak (which proved to be a little early).

Currently Lloyds is once again below the market cap reached in 2015 - without my lower priced purchases my next selling price will be at about 120p