RE: The Reason why...23 Nov 2024 22:58
NC
''the usual fools will relish the lowly market valuations to top up, average down''
some investors may decide to average down -
some investors may decide to average up -
and some investors may decide to do the same over and over again - NOTHING
''so as to never admit what a useless board of directors we have perhaps corrupt, and whatever the Gov's lap dogs.''
How does the 'useless board of directors and perhaps corrupt' manifest itself ?
. The BOD' are mainly made up of independents. I think that there are only two executive members.
Once again, HMG do not control Lloyds banking group.
HMG have the power to impose levels of taxation on corporate's and smaller businesses.
''They care nothing for shareholders for to them, it matters not who owns the shares ''
They care about their jobs, which means doing their best for the business and shareholders.
The CEO answers to the board and shareholders - the board can sack the CEO.
Shareholders can get rid of board members.
''it is better' for them to see the 'market' keeping the shareprice low, as then, the board can still pay out lowly sums whilst still keeping the yield attractive''
You have lost the plot - yet again how many times? - the amount allocated to dividends is NOT determined by the level of the share price.
''to entice new 'fools' to buy''
It is not the job of the BOD's to 'entice' people to invest in Lloyds with a low valuation that is out of their control . The market decides the valuation of Lloyds, and it is investors who who decide whether or not to invest.
''IF the share price had doubled the yield IF paying the same sum out would be half, lessening the 'attraction' to buyers.''
You are having a bad time - how would the share price have doubled without the 'attraction to buyers' ?
''Thus they can squander more profits on what the 'board' want, without upping the sum given to us, other than a token gesture''
Once again - You have seriously lost the plot.
Lloyds currently have a progressive dividend policy in place and a policy preference of excess capital being returned to shareholders by way of buybacks.
''Lti, please don't 'bother' trying to diss my 'understanding' of the yield/s.p/and board''.
You would have done that all by yourself without further help.