Member Info for Richard365054

China's aim is global domination by whatever means. Their people are nothing more than productive numbers to their hierarchy and human rights and welfare count for nothing. UK should kick Huawei into the long grass and companies should look very carefully at their supply chains.

ERV1, I think the relevant part of that particular attachment was "cease dividends and suspend bonuses to senior and a thick layer of highly renumerated members of staff". It rather infers that anyone with shares is well off and that patently is not the case for a vast proportion of Lloyds shareholders. The dividends represent a significant part of their annual income and the issue is that they have had the dividends cancelled for upto two years, whereas hopefully, the economy and businesses will be starting to get back on their feet after this three month disruption. They have had salaries and wages kept to 80% by Government guarantees and a lot will have returned to 100% of their pre virus earnings. But the small shareholders will still be suffering and it is entirely disproportionate that the B of E have forced such a crude course of action on a portion of the population that don't have a voice.

Bold boy, I take your points, but the Banks have severed all dividends, in Lloyds case for their financial year commencing February 2019. Many people will have already committed expenditure on the basis of that year's final dividend. They don't have the guarantee of 80% and sit at home. They've had it all cut off and that is grossly unfair. It would have been palatable to receive a reduced 2019 but they've not even considered that. The B of E deserves criticism for the undue pressure they have applied without regard for consequence. If you just accept all their actions then the Banks will become pure cash cows for all Governments.

I've written to the PM, my MP, the Chancellor, MP Hollinrake and Lloyds CEO.

I've asked Osorio for an Emergency General Meeting since what the Banks have done is take away our income and offer no guarantees whilst people sit at home on 80%. I've now reapplied for my old job of 5 days a week and I'm 4 years into my retirement. I've had to give up all my voluntary work because of what the Banks have done.

I suggest you write to your MPs and Osorio, particularly asking for an EGM. If there's enough support, who knows. Try your papers as well because Lloyds have more elderly shareholders than any other Bank.

I was talking about the comment re Mr Soft's post. And in your case, moderate your language also.

That's an uncalled for comment.

Write to them all. I've written to the PM, the Chancellor, my MP and one other MP. I'll write to the CEO next. They've taken a large portion of my income from the year beginning February 2019. It's theft from the frugal and thrifty.

Asperger1, the only trouble with writing to Hollinrake is that he won't reply since he isn't our MP. I've written to Sunak and Johnson as well and they won't respond if you are not their constituents.

Letter sent to the above, plus my own MP and Rishi Sunak.

Asperger1, I will borrow your letter and send it on to my MP as well as Kevin Hollinrake.
Many thanks.

The famous Kyber .......what? is between Pakistan and Afganistan.
Abbott: Dual carriageway!

When two players exchange the ball in a rugby match what is this called.
Abbott: "Don't know".

But there's nothing better to replace them with, just more of the same. Agree with the House of Lords and let the people appoint the second chamber.

Theosus, just watched it. If he's the average of the bunch, God help us.

SUFCESSEX, now that would be something wouldn't it, but I can't see it. I'd just like some momentum in testing for the virus because there's no urgency. One of the problems with politicians is that they are not necessarily very intelligent people. They are a breed apart and most wouldn't get high profile jobs in the private sector.

The one communication our CEO was very good at a few years ago was in connection to an achieved share price that would trigger a large share award. He stated it was his intent for Lloyds in the future to return upto two thirds of profits to shareholders. The verbal manipulation worked, the share price hit 91p and AHO got his share award. Easy as pie when it suits the man.

Since many of us have had our incomes cut as a result of the dividends being suspended/cancelled, did the reference to the bonus pool include everyone or just senior managers. I'm curious if they made the distinction since they could have separated the private investors from the corporate and still paid a proportion of the dividend. Since Lloyds have been pressured to toe the line and yet it's the thrifty saver who feels the pain, will senior management and the public sector excluding those in the NHS and those supporting the NHS, volunteer to take 20% salary cuts for then we can all say we are in this together. This brings them into line with the private sector during this pandemic, for it should be remembered that without a buoyant private sector there is no public sector. The first voluntary salary cuts should be at the B of E, so at least they can be seen to be taking the same medicine. With the money saved, spend it on testing kits and face masks in order to get our economy to recover as soon as possible.

Hard to find any good news although good health is the absolute bonus at these trying times.
Trump has no idea how bad the Coruna crisis will be in the USA. But you only have to look at the rate in which new cases are being reported to realise they are going to have a really bad time.
We need massive testing programmes in the UK, partly to get recovered people back to work and also to make sure we have the necessary personnel in the hospitals. But the economy is going nowhere with people stuck at home so some impetus is definitely needed.
Business will hopefully look to source components and supply trains away from China and nearer home. If nothing else this pandemic has taught us a never to be forgotten lesson. If they saw that countries were serious about moving supplies nearer to home they may address some of their disgraceful practises. Certainly I have no wish to travel to China.
Finally, Lloyds. What a useless share and a change of CEO,might give us some fresh direction. Certainly Lloyds handling of ppi has been a disgrace.
It would be an interesting question to ask at the AGM if they aren't going to use the cancelled final dividend and subsequent quarterly dividends for lending to business,mod theynintend to pay them to shareholders in the near future. Otherwise what is the point in investing in Lloyds.

I'm afraid it's another example of the thrifty and the savers being shafted yet again. Best to spend everything and let the state take the strain. There's no incentive left and the Government just treats the banks as cash cows to bail out the economy when needed.

It's interesting looking at other bank shares in comparison to Lloyds.
In the summer of 2016 before the referendum, Lloyds touched 72p and HSBC were £8.00p. Now we are 30p and HSBC £4.00p, so not a huge difference.
Looking back to the summer of 2010, Lloyds were 70p and RBS were 50p. So Lloyds have lost 57% and RBS have lost almost 80%. It does make Lloyds look better than RBS, but our market cap is only £20 Billion. Extraordinary.