Member Info for Richard365054

ItsaNightmare, very true. If you use HL or any other company to hold your shares and therefore do not have paper certificates, you'll need to email them to request your desire to vote. You won't be able to access the voting website otherwise.

Seany123, same response so far that I have received, but I live in hope and also determination that I won't let this rest until I get an answer or meeting. In particular, since it is our money they have refused to pay and instead prepared to lend, I want an assurance that at some point it will be paid to us. It is our company and they just cannot simply cancel it.

seany123, it appears that any recommencement will only be decided at year end results February 2021, which would mean earliest payment in May 2021. Like a good number on here, it wouldn't hurt to write to your MP and the CEO of Lloyds since many banks around the world are not following this practise. However, ours are controlled by the Government and the B of E.

Hi Theosus, there have been some brilliant designers and engineers.
I called in a year ago to the Southampton Aviation Museum, which is very much, quite rightly, a celebration to R J Mitchell.
They have an S6b there which helped secure the Schneider Trophy and it interestingly doesn't have exterior radiators because of the drag they would have created. Instead they flowed water between the skins of the fuselage and main wings and let the airflow do the cooling! What a brilliant solution and almost a century ago.

I know you are on a different topic gents, but laminar flow was quite a hot topic during the last war in connection with combat aircraft design. It's generally recognised that the P51 Mustang tried to achieve this holy grail with it's main wing design, but production tolerances conspired against. The planned successor to the Spitfire, the Spiteful and Seafang, certainly included this design concept and were amongst the fastest propellor aircraft ever produced.

I had a lovely walk one day last week out of my back door and up onto the Fells. No car needed and no soul seen. I went looking for a plane wreck that I knew about but I'd never come across. As luck would have it I found it, or what was left of it. An undercarriage leg from a de Havilland Mosquito, with the laminated plywood still attached and perfect chromium plated steel shining in the sunlight. Now they were heroes who gave their all and nothing to mark their presence.

I wouldn't worry about the Motley Fool, they generally are fools.
Just one point about the pandemic in the UK. I have been amazed how packed the London tube trains have remained over the whole period and how so many people don't attempt some type of protection. Looking at the figures for London it appears they represent 25% of the mortality for England. That frightens me and I'm relieved that tube travel isn't a daily part of my routine whilst this situation exists.

Oxo42, just sent another email to Andrew Bailey at the B of E. It was his deputy and head of PRA that sent the instruction to the Banks, but best to go to the horse's mouth. I pointed out how fortunate certain people are to have a non contributory final salary pension, unaffected by stock market movements and cancelled dividends. I said it was a pipedream for most people. Among the questions I asked him was why there has not been a statement concerning why the dividend was cancelled rather than suspended. I'm just starting my second letter to AHO and I will be asking him for a meeting to answer questions in lieu of his actions.

Mick-b, didn't Trump do the same as well. Our Banks are asking for security as they are risking our money otherwise. If the Government offer 100% then at least businesses could retain staff and start to function.

Theosus, it must be agonising for so many businesses that could function with a little bit of adaptability and common sense. There will always be those that break the rules or believe that instructions don't apply to them, but the vast majority would make the effort and go that extra mile. It's heartbreaking to see so many places completely closed down.

If we are not very careful we are running a huge risk of causing a depression we will take a decade to recover from. We cannot keep a whole country locked down indefinitely. Protective masks and disposable gloves will have to be a remedy in the workplace where social distancing cannot be applied. Additionally, people are going to have to exhibit a high degree of adherence to instructions in the short to medium term until an effective vacine is available.

There has to be a balance between what precautions we take and what we have to do to keep the economy ticking over. There are numerous businesses that could reopen with common sense and a little forward planning. At the moment we are going to saddle our own and the next generation with enormous debt repayments. When some countries can show us how to trace people that may have been in contact with someone infected with the virus it's time we applied this same routine to our citizens.

I believe the Government will underwrite 100% of loans to businesses rather than the current 80% which has caused such a bottleneck. When you look at how some countries like Taiwan and South Korea have handled this crisis, it appears their test and trace process should have been a procedure we followed. It's not too late to adapt and learn from others.

Good morning Motbuck, you ask a question we would all like answering.
It would appear the only clarity we have is that it will be considered at the final year end 2020/21. But no comment whether we get this year's cancelled final dividend or the cancelled buy back reinstated as an additional dividend. Basically our CEO doesn't believe in communicating to the plebs, just sucking up to authority for his future knighthood.
I would suggest you write plenty of letters and emails and also involve your MP. The private shareholder, particularly those retired and who rely on a significant dividend income to live, have been shafted. No guarantees for us, just theft and being taken for granted. They care not that in an age of virtual zero interest and appalling annuity rates, a lot of elderly people rely hugely on these dividends to support them.

Until the coronavirus occured, I did regular voluntary work at an animal rescue centre in Cumbria. Even when all the cats and dogs were healthy, we followed a very disciplined routine with regard to hand sanitiser, disposable gloves and disinfectant solution (friendly to animals) in all the cubicles. If we moved from one area to another we washed our hands and then used hand sanitiser. It very quickly became a habit for all of us to follow this strict routine and it made complete sense when you have seen what cat flu can do in a pet rescue centre.

I do a weekly shop and it intrigues me to see how cavalier people can be when so many people are suffering. Isles in supermarkets are generally wide enough for social distancing to be followed and where I go to do my shop, the isles have indicator arrows to try and stop people going in both directions. When you have individuals going against the indicated flow the distancing goes out of the window. It's also worth watching how many items are picked up and then placed back on the shelf so it would make sense for everyone to carry disposable gloves or sanitiser gel.

Finally, we do seem reluctant to insist on people wearing masks, unlike so many other countries. Of course the effectiveness of some of the simplest masks is questionable, but the more complex ones seem reliable and worthwhile. It would also reduce the occasions when people touch or wipe their mouths, a habit that most of us are not aware of doing. We then proceed to pick up and then discard items once again to the shelves they came from. Just a little changing of habits and regard for others could make a huge difference.

Theosus, that is true. Funny what goes around comes around.

This raises once again the variance and believability of individual Banks' statements over the whole of the PPI scandal. Specifically I am referring to Lloyds Bank and how often they have made claims that were patently wrong and later contradicted by further statements.

First of all, the claims end date was the end of August 2019 so are we interpreting that there were 3.7 million claims submitted in the two month period July and August? If 40% of these were claims against Lloyd's and half of these were upheld, the cost to Lloyds will have been in the order of £1.48 Billion. The smaller number of claims in the first six months, using the same formula, will have given Lloyds a bill of £0.84 Billion. A grand total of £2.32 million.

In March 2019, Lloyds had £1.3 Billion left in their compensation fund. In May they set aside £100 Million, followed by an additional £550 Million in July and an additional £1.8 Billion in September!! A staggering total of £3.75 Billion, notwithstanding the £600 Million in the frozen buy back fund. Now that all indicates to me that there is £2 Billion sloshing around somewhere.

Two further points.
In the period since February 2011, Lloyds have set aside additional money for the PPI fund on 22 occasions. On many of those occasions they have stated that there would be no need for any further provision.
Finally, last summer, one senior member of the Board bragged that 90% of the claims received were false or fraudulent. If that was remotely true, then there is even more of our money sloshing around.

Oxo42, thankyou for your kind words. I'm disappointed our own CEO hasn't had anything to say, unless I missed it. Playing with my old car out in the sunshine today, but is that allowed?

It's a difficult area and I suppose the Government class it as an unnecessary journey. If you are fortunate to have a second home and alternate between your main and 2nd home then it rather puts a finger up at most people who don't have this choice and are pretty well confined to their one home. But the police have been over zealous at times and inspecting shopping,is going too far. I see nothing wrong in buying items for your garden if you maintain the safe distancing rule. People have to keep occupied and at some point certain businesses will be able to open as well, providing distances can be maintained.

I have this am received a response from my MP re the cancelled Lloyds dividends and the consequences of this decision. He has said it is wrong when Govrrnment has encouraged ownership of these companies for long term income and retirement planning and has formally written to the Chancellor asking what support he can give to the many people affected.

Theosus, I have to try at the very least because if we don't nothing would ever change. I've not been impressed with some of Lloyds board so I am quite happy to spend some time venting my frustration.

Just to let you all know, so far I've written 7 letters/emails (all individual - not copied) and received 1 reply. This was from the Bishop of Carlisle who sits in the House of Lords and he recommended writing to the Bishop of Birmingham who sits on the Banking Standards Board. He has duly received a letter this morning, although Easter will no doubt delay a reply. My own MP, who has received two letters has so far not replied.