Roundtable Discussion; The Future of Mineral Sands. Watch the video here.
Those projections would be lovely and great to dream big. Reality is of course different as per history has proven. There will almost certainly be further significant Ppi or other provisions as well as restructuring costs which will impact the projections of shareholder return. Dangerous to just dream all the time, but you never know, sometimes dreams do come true...
"There is only one reason for a company to buy back its shares, and that is becuase they believe them to be cheap. So do I which is why im on the buy also." Apart from possibly juicy bonuses paid for by shareholders and a lack of initiative to use it any other way. Wouldn't call the previous buy back a glowing success...... I'll be told off for saying the above shortly no doubt :-)
My suggestion that it wouldn't stay below 60p for very long has proved not very accurate... Anyone like to put their neck on the line for a forecast of the price after the next two weeks? I'm always optimistic so 62p for me....
Very good, but my point was if they've been selling for a period of time then it might affect sp with them being a significant holder making big transactions. I think the rns only tells us their latest transaction which took them below the point of required notification and not their transactions before required notification. I may be wrong though as I'm sure you'll let me know :-) it seems to be there must be some big players selling. Anyone know what their recent max holdings % was?
Agree with below, would put a bit more % on ppi and other provisions though. ≠========== Lloyds = UK Ltd. SP = mood in UK Ltd (50%) + on-going PPI obligations (10%) + world wide economics (40%). In my opinion the current SP concludes a Brexit no-deal / possible extension of PPI / world wide effect of Trump trade war. An agreed Brexit deal will see a significant uplift (70p target), combined with end of PPI (80P target) and ultimately end of Trump policies ADVERTISEMENT to get to the fabled 100P. I'm topping up at these levels.
Errrrm, the number of times we've had inaccurate statements on PPI provision projections in the past should give you reason for doubt also! What was it originally £3 billion or something, what are we at now, nearly £20 billion?
"Sorry RobGTR - its frankly ridiculous to imagine Ppi won't come to an end (regardless of all that has gone before)"
Well that's not quite what I meant :-) I'll spell it out.. to believe that there will not be more provisions for PPI given past history of such claims by Lloyds BOD is to quote you, frankly ridiculous.
Continually quoting earnings projections with no reference to actual and likely provisions for PPI or otherwise paints a false picture and this is how the market clearly looks at lloyds. I'm not sure where the buyback reference comes from but given past history of the buyback I'm not sure your logic holds particularly well there.