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"My2p worth.Currently if Lloyds had upped the interim to 1.2p would it have stopped this decline and if so what would the ex div price go to?. RBS announced a 2p divi today and had little effect." At this stage if they'd added the additional 1.4p onto the dividend making it 4.4p, what would have happened to the price on the run up to ex div. Would more shareholders be tempted to buy at this price and dividend return level? I think certainly yes.
"just read 11 brokers are recommending Lloyds as "buy" and I "sell", who do I trust?" Clearly they've all got it wrong as the price has been dropping continually whilst they've been proposing buys. I never take any notice of brokers, most have vested interests one way or another.
"For the 88th time Rob, the 2008 share awards have NOTHING to do with the buyback. You really need to be able to separate the two in your head Rob." Thanks, but from a market perspective of buyback impact assessment it does. Buyback is weakened by simple cancellation of printed shares, and they're still printing them. Dividend increase of the scale that the market was expecting would have been better. Consistently under deliver on market expectations ppi/divi etc. From a ceo perspective he has continually been negative in the past when presenting results (better recently) which hasn't helped and clearly not delivering anything plans wise that the market is impressed with. On top of this ppi continues to bleed away significant funds which he presided on the decision over compensation and significantly misled/incorrectly forecast the impact financially of this. I think of change of ceo (to one with a plan the market likes) would be best for Lloyd's.
"Rob, I doubt people ******** on here about the share price makes the slightest bit of difference. If you are that concerned and want to make a difference, I suggest you go to an AGM." Clearly and that's what I was referring too, if current performance continues that will happen in large enough numbers to make a difference. " As regards the buyback Rob, I expect it to have made a 1 1/2p positive difference to the share price when it’s finished. I doubt the buyback has any ongoing influence on sentiment after it was announced as a done deal some months ago." So you're also excluding the additional share printing and the impact it's had on market dividend increase expectations. Given the performance of the share price since I'd say it continues to negatively impact positivity in Lloyd's.
"Out of curiosity Rob, just how many pence do you think the buyback has caused the price to tank by ?" More than it's supposed mathematically calculated benefit. How much would you say it has benefitted the share price from a sentiment perspective?
"One could always just sell your shares of course and move on......" Or you can make your voices heard in growing numbers to express dissatisfaction and bring about change to recover your losses. If the current share performance continues with lack of a credible plan that the market approves of then change will happen eventually. I've said before a change of ceo could be beneficial.
Down, down, deeper and down! Down, down, deeper and down! Down, down, deeper and down! All together one more time.... Down, down, deeper and down! :-) you've got to laugh over wise you'd go insane with this share
20p, crikey you had me going then, with the "would" then! :-) At the end of the day we obviously all want the best for Lloyd's in favour of our investment. I think the current share price gives misleading return ratios for many long term share holders - like me....
If continues on same line, I'm expecting this year, another big slug of PPI, a dividend below market expectations, and a slightly higher share buy back. Nothing that will shift sentiment... We need more than this!
"Personally as a shareholder, I am not concerned if after getting a 10% return in the next 12 months the share price is at 54p. It would just mean an even bigger return the following year" :-) that's comedy, when would you start to get concerned? 50p,40p,30p,20p? I know you realise that the % return you get is based on the price you paid for the shares and not the current price....