Member Info for Pantherax

Hmm, when you post some figures like that it makes it look as if the CEO hasn't done much. It's all about how you present the information I guess so that you get your audience to think what you want them to think.

When he took over and the shares were 62p (trusting you're right on this) the Government owned 43% of Lloyds shares. So since then there has been constant share sales putting downward pressure on the share price.

The bank was also reporting losses of £260m the year he took over. He's overseen the bank return to full private ownership, made profits higher than Lloyds have ever seen and the return of dividend payments which continue to rise.

I'd say that's not bad - and the future is brighter now than it was when he joined.

Drum roll please....

Interesting short vid. When I first heard of QE I thought of it as printing money like Zimbabwe did in the 80's when it was the equivalent of drawing the maximum you could out of a cash machine and you still couldn't buy a loaf of bread.

I thought Dimon might have ended up at Barclays a few years ago when Diamond walked.

@chancer BOD's have been lining their own pockets since long before I was born. If the company is strong, making money and benefiting the shareholder I don't mind how rich they make themselves. And I'm not at all against buybacks as I believe they're in the long term interest of the shareholder.

The question that needs to be asked of any board is - are we going in the right direction strategically?

Ok thanks LTI. I'll look into it a bit more myself. Appreciate the comments.

Thanks. So if I’ve got a lot I’m better using my broker then?

I’m still not out fully. Whilst my funds were in Limbo some dividends came through. My funds are with the new provider as the transfer completed and the dividends are still with smart investor.

I’ve just read that the DRIP scheme buys the shares on the open market rather than issuing new shares so that makes sense.

Do you mean the DRIP scheme? As a shareholder is it better to reinvest your dividend through this scheme or just set-up automatic dividend re-investment through your broker? I see from the Lloyd’s website they have relaunched the DRIP scheme but they have doubled the cost from 0.5% to 1% of the value of the dividend. It does seem counter intuitive to have a scheme like this running at the same time as running a share buyback. Similar to cooking the books??

It used to be called Barclays stockbrokers who I happily traded with for 18 years without a single issue.

I did have my money in Barclays Smart (dumb) Investor. That’s where I’ve had the problems I referenced.

I had serious issues transferring out. I started my transfer out of dumb investor in February. It only completed last week. The whole thing has been a nightmare as I lost access to my funds for about 6 weeks where they weren't showing on the new account and were missing from the old account.
Barclays at every point blamed the new provider - saying they hadn't received the paperwork (they had, and I had a photographed copy of them signing for the second lot of paperwork), then refusing to admit they had missed the settlement dates until the new provider provided evidence.
I offered to run conference calls for Barclays because of the lies I was told.
It's completed now and I did get an apology, £250 compensation and £49 of charges refunded. My experience was awful - but I moved because the new product was rubbish compared to the old one. As a shareholder I'm mortified that Barclays are doing nothing to correct the whole dumb investor mistake. I can't believe they've even gone with FNZ after all the known industry issues - see Aviva who I'm also trying to transfer away from.
I'm in here at £2.07 and £2.09 - I can't help feel that the damage this is doing to the brand will be a hard walk back from. Barclays Stockbrokers might only have been a small part of the business but it was one of the best out there, made Barclays standout and I'm sure a lot of the customers would also have other Barclays products.

To be fair I'm the same. I'm 39 and my intention is to hold what I've got and reinvest any dividends right through to at least 55 and then I guess I'll explore my pension options further then. I wouldn't buy any more now unless this drops below 60p which I guess there's a chance of between now and Brexit. I've got too many to justify any further investment above the dividends unless it does drop below that level.

How much more do you think is left in the pot for buybacks? I think we'll see more buybacks in the future - just wondering if they'll announce anything tomorrow. I guess it depends on what's left in the pot.

I'm going positive and saying statutory profit £3.5 bn.
Aren't we expecting an uptick in PPI costs this quarter?

(I'll be happy with 73p by this Xmas).

The last tranche I bought at was 63.69p which at the time I thought was a bargain price and thought they'd never be this low again. My other tranches were at a higher price with the bulk @66.18p and some at 69p.
I didn't think we'd see a £1 before Christmas but thought they'd be close to 80p. It's hardly moved for weeks.

Be good to see 1.25p.
Looks like another hike in PPI this quarter though. Anyone know how much buybacks still need to be done?

This isn't a political website.

Couldn't agree more. Sick of reading all the drivel.

I've just read through a few pages of Tripe - nothing to do with Lloyds. It's results day on Wednesday so thought I'd check out views on share price and dividends. What a waste of time. This channel should be re-labelled.