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Like you I have held CNE shares for sometime. If I take the 56p divi and sell my remaining shares I would just about break even. However since reading Lot-m posts I’ve decided to hold and see what happens. Thanks Lot-m your post are always interesting and informative.
In the last 20yrs or so Lloyds have dealt with the government bailout debt and settled the PPI claims, that’s over 40billion. Buying back over 8 billion shares in the last couple of years with the intention to continue with buybacks. Paying over 5% divi which is covered more than 3 times.
When the economic future looks better the share price will rocket IMO.
The BoD appear to want rid of the company and accept any offer that’s going. I lost faith in CNE a long time ago, just waiting for the share price to get a little higher before pulling out completely.
Lunchalot, I have held CNE for a number of years, if I got out now it would be a 10% loss, I don’t like the smoke and mirror games and lack of communication that’s going on. What would be your advice
It appears Capricorn are restricted to about 5% of trades. Today’s trades approximately 1.5 million. Share buy back today will be about 75,000. I would prefer a 700 million dividend rather than the 500 million suggested by the BOD.