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PW says in his latest video "There will be some more in the future as certain milestones are reached" so yes more dilution
https://www.youtube.com/watch?v=Gs_fUGmbSmY&t=266s
Let's face it guys the BOD sold there shares because they knew this was happening whatever they told us they needed the money for family etc oh Yeh right if they had told us the real reason we would have all bailed too and the share price in the lows so they couldn't perform this dilution.
Understand they need the money to invest to grow and not telling us the real reason for bailing out this is the only way to procure the millions needed so shady yes and no.
Going up like a lead balloon compared to other banks easily the worst performing share on the ftse can't wait to be out when I reach my average if I ever do 9 years of dissapoimtment many better opportunities missed
Think we have our answer
https://www.ft.com/content/8d0e4aa2-ca01-4e88-8ecf-8859344fc484
Longtime..
doesn't work like that.
Lloyds should have excess capital sitting there, come the time of the results.
Excess capital that is not required by the business should be returned to shareholders.
The word to look out for here is should and your correct but this is Lloyds were talking about were last in the pecking order.
If there is any excess capital it is ours but can just see results day the usual like you used to hear about the ppi we had to set it aside for bad loans and not giving themselves bonuses in my view just increases this of being the likely outcome being the biggest bank they will have the biggest defaults unlike the other banks.
https://news.sky.com/story/banks-finalise-bonus-plans-amid-threat-of-pandemic-backlash-12210178
Can't see a dividend if there not rewarding themselves
After reading this article at the very end it says charlie will be taking over in a year the article is dated November last year he has 6 months gardening leave on top of leaving HSBC.
So who is going to be running the show when OHO is carried out.
https://www.thisismoney.co.uk/money/markets/article-9002405/New-Lloyds-boss-Charlie-Nunn-line-5-6m-pay-package.html
It's a plan
I am waiting to see if there is a dividend as it should go up a bit I might sell all my holding and take a big gamble on ARB have a holding here already 5000 up and haven't been in long could be a future in bitcoin but not for the faint of heart but look at the drop massive drop in Loyds so at least I might get some of that euphoria from time to time you get when you see it moving up 10% 20% 50%
https://www.telegraph.co.uk/business/2021/02/02/sunak-could-launch-tax-raid-banks/
Not a subscriber but you get the idea
Read your posts too they keep me going as there mostly up beat and sounds like your in the same situation.
Just seen this could have been written for you and me.
https://www.thisismoney.co.uk/money/saving/article-9214995/Savings-beaten-investing-High-Street-lender-2011.html
Yeh i just regret the years wasted when on most shares i would have at least kept the investment i made with them.
If i knew HMRC was heavily involved in using them as a cash cow i would never have invested i guess after the bail out they feel they can use the banks reserves when they need cash and there easy means of propping up the economy.
Very disgraceful giving them self's huge bonuses the first priority should be the share holders also you get very little information from them so it's mostly guess work as to what lies ahead.
They don't seem to fix problems either for miss conduct they just keep piling up i could go on etc etc.
What worries me lately is this tax increase on the banks it's clandestine way of paying for billions of fraudulent bounce back loans that were in my opinion given out recklessly very little if any checks on the people and all but a few to be written off as if people can get away without paying the 50000 they will so these amount to billions of debt for the government but we will be paying it for years in high taxes the government knew what it was doing at the time.
Traders keep this low too just when you think it's going up soon goes down as the traders get out think i might start doing it myself to recoup my losses could take years to reach 60p and im out just want my money back this share should be listed on AIM just as volatile but without the huge gains AIM shares can make.
My cousin has a good job at lloyds he used to work for the Halifax then lloyds took them over he earns more than an MP has lots of shares free with his job every year he moans about them but the difference is he didn't pay for them