Good news, and all it took was a £500 million bribe of UK taxpayers cash, and that comes on top of the £300 million already given to parent company Tata Steel to keep steelmaking in the UK.
Latest block listing of shares effectively wipes out 25% of the current share buyback programme to date.
One Step Forward, Two Steps Back :
Disappointed !
Hardup
Making the mistake of chasing high yielding dividend stocks whilst ignoring core fundamental analysis of a company can often turn into a costly recipe for disaster for many investors.
Property 1
House price growth to income ratio and affordability ........ a ticking timebomb !
Livestock
True, share buybacks certainly distorts EPS and book value of a company, and in many cases they don't create real long - term value for shareholders.
Council tax is an inescapable fact of life put simply, society faces the stark choice of paying higher council taxes or alternatively substantial cuts in public services.
Average cost of a car Battery is around £8000 to £10000.
No surprise then, UK and Europe are beginning to scale back production of electric vehicles amid falling consumer demand due to the ongoing cost of living crisis.
A 2022 credit card satisfaction survey revealed Lloyds had an overall ranking of 17th out of 25 credit card providers.
Nationwide £100 giveaway on top of the £200 bribe for new account switches cleary underlines the intense competition within the sector for savers cash. Higher wholesale funding costs are now on the horizon coupled with continued deposit migration could become a real issue for banks over the coming year.
Now pay loyal members a fair rate of interest on their savings accounts !
Free tea, coffee, sandwiches, biscuits, and the occasional " goodie bag " stuffed with useful items are always welcome at these annual meetings.
Hardup
yes, Simply Wall St and the Financial Times both ran articles on the subject.
LTI
I'm not disputing how many shares he currently holds, probably due to rebuilding back his share position in the bank.
LTI
How many shares Shelly holds today is irrelevant, it does not alter the fact he hastily dumped 94% of his remaining stake in the bank in March unnerving a lot of investors, a fact well noted in the financial media and city trading circles.
LTI
The meltdown of American regional bank SVB is a lame duck -excuse.
The responsibilities and duties of company directors is to lead from the front and reasure shareholders who trust them to manage and instill confidence in the business especially in times of perceived crisis, instead of taking fright and rushing to the exit door and selling huge stakes of their shares in the bank on negative market news like many of the Lloyds directors did so in March and in the the case of Peter Shelly a panic sell of 94% of his stake in the bank.
LTI ( fact )
All Lloyds Banking Group Directors sold more shares than they bought over the last year.
In percentage terms Lloyds Banking Group directors have the lowest level of share ownership within the UK banking sector.
You quoted Peter Shelly February remaining share allocation 3,132,269.00 , I'm commenting on the March sale of his remaining share allocation, hence the 94% figure and the trousering of £1.42Mn cash mentioned in my original post.
After 13 years of inept governance, the Tories have run out of time and ideas, UK electorate are in a foul mood and are now ready to vote in a change of Government and get the economy and public services working properly again to benefit and serve equally, the citizens of this great country.
Both sold shares at an average price of 52P a share, trousering around £1.53Mn and £1.42Mn respectively, in Shelley's case 94% of his entire shareholding in the bank, which must be of concern to shareholders and the market.
Insider trading and directors acting on specific information or future financial actions they wish to implement that have not been yet revealed to shareholders or the market is common practice and nothing new.
LTI
Yes, Erdogan a dangerous and divisive individual, Putin's " trojan horse " inside NATO, and an arch enemy of the West for far to long now.
Skier1
More importantly Turkish Elections 14th May, hopefully will result in Erdogan defeat and pave the way for Sweden's swift accession to NATO.
Livestock
Treading water would be more of an accurate statement from the BoE.
Latest Office for National Statistics reveal the UKs trade deficit with the EU in the final quarter 0f 2022 hit it's highest level since records began in 1997 as imports from the bloc rocketed to £82bn against exports of £49bn, strip out American re - exports of LNG to the EU and the figures look even bleaker.