Wonder what the catalyst could be for the market to wake up to LBG undervaluation Hard? ??
Perhaps a retail investor direct Buyback in Octobers H3 results, so in 50p-56p range? Thoughts apart from no chance ;))
LBG going to become a big investment banking Unit, I wonder what its going to buy, Quilter? Tatton? Brooks? I'm sure it will be something with and adviser base feeding the FUM? Thoughts
As I said, we all have different objectives, I for one and there is many more than you and SUFC on this forum who are very unhappy with the share price performance, I still have share save shares at £3+!! simples, my objectives and views are different than yours and even the positive SUFC gets fed up from time to time :)) And I think you do too.. go on admit it just the once :)0
I know what I mean LTI, the share price is an insult to long standing shareholders, the BoD are paid millions in salary etc to represent shareholders and they are simply not doing enough to make the company attractive to new and existing shareholders to buy/hold more stock for fear of it simply not rising, going down again again and again.. Or being taxed out of the high street existence to offset higher taxes and reduction in footfall, that the governments do not want.. Or so they say.. !!
Lloyds is clearly unattractive to the market LTI or the price would be higher, the price is dictated by the market as you rightly point out.. The B.o.D need to act to make the share more attractive a 6% yield and £2B BB each year is clearly not good enough for the market!
Morning SUFC,
All good here mate, hope you are too!
Totally agree on dividend but the share price is embarrassing to the BoD, insulting to shareholders and the markets are insulting our intelligence based on a business that makes £6-£8B profit.
But it is what it is mate, if it goes back to 54p like it did at the beginning of the year, I will sell down some more. Gets frustrating whatching others companies go up ie Rolls Royce etc.
The dividend is the only thing keeping the light on SUFC, your right there mate!!
Everyone else has gone home!! Especially the B.o.D members, may as well of done anyway..
Will the share price rise, mmmm?? maybe when the Election is well in the rear view mirror if any transparency to profit raiding is given either way, if there is a raid, forget the share price for ever..
Thanks LTi, wouldn't that be nice, perhaps the BoD could increase the BB next year to 3B and the YE divi to 2,2p, it seems a balance to me but I really do see your point..👍👍 There should be a few few shilling floating around next year..
Sounds great LTI & SUFC, I put my dividend into M&G and when I get that dividend im going back into LGB then I can WooWaa to Hardup once or twice a month as I agree with you both. 👍👍but it will still take time and be tough going but I need to retire with "Loads of Money"!!