Member Info for OneStep

2019 final year results were presented on the assumption that a final dividend would be paid.
The board proposed the final dividend subject to a share holder vote at the AGM.
Between the final year results and the AGM the PRA issued 'guidance' on payment of dividends.
In light of the new circumstances the recommendation was with drawn from the AGM.
So share holders never voted on a final dividend hence there was never a 2019 final dividend.

If share holders had voted in favour then the dividend would have become a legally binding debt so could not have been cancelled.

For interim dividends which do not require share holder approval then they can be legally cancelled any time up to the payment date.

https://www.lexisnexis.co.uk/blog/covid-19/can-a-company-suspend-or-cancel-a-dividend-in-the-light-of-the-coronavirus-(covid-19)-pandemic

PRA max dividend based on profits -
25% of 2019 + 2020 Statuary After Tax Profit (£4,393B) divided by shares (70,812m)= 1.5509p
minus 2019 + 2020 Dividends already paid (1.12p) = 43.09p

20 Basis Points of risk-weighted assets (£203B) = £406m divided by shares ( 70,812m)= 57.335p

Here's a detailed forecast for the next 2 years that you should consider before buying Lloyds at such a cheap price.
http://poundf.co.uk/lloyds-share-price-forecast
Don't blame me, I'm only the messenger, the authors welcome your feedback.
Remember the company makes its money from the accuracy of its forecasts and its still in business !

LTI
"As I have said you note an average price the way you want."
I haven't invented a new meaning for financial terms, but you appear to have your own set of non-standard meanings.
So any post you make on financial matters referring to a financial term is worse than useless as it is incomprehensible to readers as they do not know your definitions.

LTI
I guess you do the same calculation for dividend payments ?
So your world you've never made a profit from any of your share dealing ?
You don't understand what an average price is !

Selling shares does not change the average prices of shares held !

More interesting the anti-body testing has started, so we must have a reliable antibody test as a bad test is worse than no test.
I wonder why Han**** didn't give the results for them ?

40,000 ish tests in the post !

Theous
'How do you think these other countries are getting back to normality?'
Which countries are these ?
'I do my own precautions which have so far been several weeks ahead of "expert" advice... The old saying better to be safe than sorry. Is my expert.'
So you started social distancing, Stay at home, self isolating weeks before the 'experts' imposed it ?
But now when we at/near then peak number of people infected you want to remove these restrictions, how is that better safe ?
Is it your opinion that we let everybody decide individually what precautions to take and if they do get infected then its only their fault ?

Theous
'Are we really incapable of using our brains to minimise risks'
Well is covid19 has outwitted the (top ?) brains we've put in charge of countering it and infected Boris Johnson, Chris Whitty, Matt Han**** recruiting them to spread its cause.
So the answer may be yes ?

The worry is that Matt Han**** is actively considering restrictions being lifted and does not know which way that decision will go. Gives you confidence ?
What I don't understand is that (according to daily briefings) optimum actions have been carried out at the optimum time so we will just repeat the same cycle over and over again until a large percentage of the population have immunity ?

Restrictions have already been eased. Seems that you no longer have to stay at home in your primary residence or is it that the UK gov discriminates between the PM and the people.

Sun Tzu - 'A great leader leads by example not force'

Nationwide letter this morning saving rate down 90% from 1 May 20.
At least no capital has been lost !

Are the 'gaps' you are referring to price changes
- weekend fri 3 to mon 6 27.76 - 28.58
- overnight mon 6 to tue 7 29.66 - 30.64
What about
- overnight 7th to 8th 30.91 - 30.02
or any non-trading period ?
How's the buybacks going ?

LTI

"Q1 statement is due next month"

'Unprecedented Times' and you just want the BOD to carry on as normal ???????
Other businesses have not waited.

"It's as if you know what is going to happen."
Are you really as thick as you make yourself out to be ?
It's because I admit I don't know, in these 'unprecedented times' what is going to happen.
I reiterate anybody who does is deluded !!

LTI

"Lloyds would convey any impact on future profitability (good or bad) to the market for whatever the reason as would always be the case."

So you can tell me LLoyds view ?

LTI
"The BOD will judge as to whether all profits need to be retained or not.
They are in a better position to know these things than you."

Anybody who think they know what's going to happen with any degree of certainty is deluded.

LTI
What's needed is for the BOD is to give the confidence that it has noticed the change in trading conditions and has a plan how to run the business successfully in the changed circumstances. This really shouldn't need spelling out to anyone !

Personally I think that there is enough uncertainty to retain the cash as an insurance policy, it can always be distributed later if it is not needed.

Doing nothing until the bailiffs are at the door may be comforting for some but I don't think it will impress the market.