No holding here, but as a consumer for decades, I have noticed a significant reduction in the quality of the food Tesco is selling. I have been buying its chicken curries for a long time, but it is confirmed in the small print that this is now sourced from Taiwanese chicken. Quite frankly it is disgusting. Its freshly caught Norwegian Cod (then frozen) is now shipped all the way to China, processed and packaged and shipped back to Tesco UK, and seems to be more water than fish. Only a matter of time, that consumers realise they are being fleeced. For sources of this info. please just pop down to your local Tesco. and look at the packets... Disgusting !
No problem UTL (with apologies for the earlier misnaming!). Assets would not be recoverable, as the fault would probably lie with the Bank for not revealing it had the Will if asked. Therefore, the value from the assets mis-distributed would be due in compensation from the Bank (plus compensatory interest at 8%). Just surprised that this issue seems to have been ignored, at least on the BB unless it is insignificant. Perhaps it's in the accounts somewhere as a provision, but some on here could possibly comment on that? Just concerned that it may be a contributory factor on the withholding of staff bonusses?
Hi Upladder.. This topic seems to have been ignored over the last year, for obvious reasons. I'm not an expert, but a shareholder and therefore wondered what, if any, provisions had been made in the accounts. It's general knowledge that due to incompetent record keeping that Lloyds held Wills that may have been administered incorrectly, I.e to next of kin rather than residuary beneficiaries, such as charities. To compensate residuary beneficiaries, named in a Will and costs could be huge.
https://www.thisismoney.co.uk/money/pensions/article-7625855/LLoyds-wills-blunder-creates-inheritance-mess-hundreds-families.html
I thought PPI would be the major stumbling block to a share price increase. Then Covid struck. Have we still got major losses to bear in respect of all those lost Wills that they have discovered? I believe that there were about 9,000 of these potentially made by HNW individuals under their Private Banking offers. Anyone any idea of the losses involved?
Perhaps a proper insurance company that know's what it's doing ? Amazing that a Bank believes it's an expert in insurance.Neverthelss, with CV19 mutating and no foreseeable end, probably no insurance co. would touch employment insurance with a barge pole?
Sorry, there isn't one!
After due consideration the Board has decided it will no longer propose a final dividend for the year ended 31 December 2019 at the Annual General Meeting to be held on 7 May 2020.
I always understood that shareholders were the owners of a business. However, we ( at least the private shareholders) have been kept in the dark, been left uninformed and fed S***t. In fact, i'm not sure we have been fed anything at all by a board that feels unable to communicate at all with its shareholders. I have been a shareholder for twenty years or so, and so you can imagine what losses I've incurred by finally selling what remains of my carefully invested funds. I rely on the dividend to support my meagre way of life, but am now having to sell just to give me a few extra months of living hand to mouth. Mind you. I could probably soon claim universal credit as my investments have sunk to such a low level. It now seems to me that Lloyds have been instructed by the government to act as some kind of social charity. The BOD and staff continue to receive their bonuses, as far as I'm aware? I cannot see that Banks will in future be allowed by the government to make any sort of profit, as this would be unpopular to their base supporters and I use the word base intentionally. That's it for me I've had enough. I do await, however, those clever posters who said I should have sold a long time ago at higher prices, since it is always easy to judge with the benefit of hindsight. By the way, i'm one of the few not considering buying when the share price falls to 20p or even 10 or 5p.
Hi. Apologies for what I presume is a very naive question!
It seems to me that shareholders are at the very bottom of the queue beneath government, directors, staff, customers (whether good or bad) . I always understood that the shareholders were the "owners".
Has there been any communication from the board as to why the shareholders should view this as a good investment to continue to maintain their investments or to invest anew?
"Early figures suggest the hand-washing campaign may have delayed the surge of Covid-19 and is likely to have reduced the incidence of seasonal influenza, food poisining, hepatitis A, threadworm, and pubic hair in Ceasar Salad" - Private Eye.
Now that the Government is asking the Banks to exercise forebearance to customers for late payments/ inability to pay, doesn't it seem inappropriate for the Government to continue to apply the Bank Levy which, as I understand it, was imposed to reflect the alleged risk to the economy of the Bank's financial activities? How much is this costing LLoyds every year?