Lloyds Banking Group Live Discussion

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rossx48 11 Sep 2019

LLOYDS is going to FLY Dingbat One BIG short squeeze no less … Like the indication"Any excess will be returned to share holders". T.G. /B.B. is over. Tks for views …agree. Said positive words today. Onwards & upwards. In or Out. What What. Salutations

Bowman 11 Sep 2019

LLOY - Share buyback 2019 The Annual Report contains a long (56 pages) and complete explanation on the Governance of the Company, which includes all relevant details of the composition of the Director’s remuneration (including bonuses). This shows that the Director’s did not receive all these bonus shares they were potentially set to receive since the relevant allotment criteria were not met. This also shows how the Director’s pay has changed with relation to the pay of other employees. I have no doubt that there are many aspects which one can take issue with, but this will of course depend on one’s political alignment and one’s view of the veracity of the statements made. It is worth a read anyway, since it does show that the situation concerning bonuses is far more complex than many try to suggest. If all Director’s were just paid a fixed salary there would be little incentive for them to work hard to improve the overall Company performance. Currently if they were to achieve a 100% bonus allocation they would receive a considerable uplift in their incomes. It is also worth reading the same section from previous Annual Reports, since these show that there have been significantly lower allocation levels in the past. All the Reports are easily accessible from the LLOY website.

jackdawsson 11 Sep 2019

LLOY - Share buyback 2019 swamp_rat: Or they could stop issuing bonus shares like candy and pay the wages whilst submitting realistic accounts instead of the cloak n dagger illusionist situation we currently suffer. @swamp_rat, Questionable bonuses are an industry-wide issue. For example, CNA’s CEO, Conn, recently enjoyed a huge increase in bonuses despite overseeing a disastrous performance in SP. For banks like LLOY, I know in 2010 the government imposed a strict cap on all employee cash bonuses. That cap was restricted to £2,000. LLOY chose to maintain that £2K cap since becoming 100% independent again. That was reported in 2018 & confirmed in their annual reports in 2019. [link] But even when the cap is lifted, the core issue of bonus payments remains. If bonuses weren’t granted via shares, LLOY would still have to stump up significant extra money to cover existing bonus contracts for their staff. Where would that money come from? Possibly from surplus funds used for dividend payments? In the circumstances, LLOY’s share buyback program protects against further dilution in value. Presumably, it’ll be resumed as soon as the recent increase in PPI payments are met. - Regards.

frog_in_a_tree 11 Sep 2019

LLOYDS is going to FLY LLOY continues to fly this morning. Up 1.78% to 53.25p even after yesterday’s hefty rise. I suspect a bit of a fall is due. Cheers, Frog in a tree

fynne 11 Sep 2019

Everyday petethenovice: old pop stars, sportsmen, tax avoiders . Not quite sure which category Bob Geldof fits in? Well least not a polite one

KD01 11 Sep 2019

LLOY - Share buyback 2019 swamp_rat: Or they could stop issuing bonus shares like candy and pay the wages whilst submitting realistic accounts instead of the cloak n dagger illusionist situation we currently suffer. Exactly… Here, here

petethenovice 11 Sep 2019

Everyday rossx48: Request views by the B.O.E via. "Carney "… a Canadian we understand. who requests ?? the LEAVE campaign who roll out old pop stars, sportsmen, tax avoiders . … who dont live or pay tax in the UK we understand ?

mcgrimes 11 Sep 2019

LLOY - Share buyback 2019 It’s a pension incentive for the employees - I wish more companies did this!

swamp_rat 11 Sep 2019

Commodities Crypto ETFs FX Indices. inc VIX Tsla short 23550

rossx48 10 Sep 2019

Everyday DIngbat Request views by the B.O.E via. "Carney "… a Canadian we understand. We have doubts about recent public /personal statements he has given (without being requested by Parliament / Cabinet /Treasury ) The leading direction of his statements we feel are a cause for our concern. Understand, however, he is leaving office shortly… Awaiting Salutations

BrownAdder 10 Sep 2019

Everyday FORD bonds rated uninvestable by one credit rating agency, one more agency agrees then it will be JUNK Thats big corporate BOND starting to get into JUNK still doesnt prove anything these days

swamp_rat 10 Sep 2019

LLOYDS is going to FLY skiking37: There will be some profit taking tomorrow and I expect a little rise on Friday. My estimate is it rises further tomorrow. Not closed any longs.

swamp_rat 10 Sep 2019

LLOY - Share buyback 2019 mcgrimes: Share buybacks are here to ensure the sustainability of the company; because of this, they do benefit the share holders over a period of time. Or they could stop issuing bonus shares like candy and pay the wages whilst submitting realistic accounts instead of the cloak n dagger illusionist situation we currently suffer.

oilovlam 10 Sep 2019

Everyday frog_in_a_tree: Car group boss calls no-deal Brexit a train crash Presumably Train company bosses are calling ‘No’ deal Brexit a Car crash!!

mcgrimes 10 Sep 2019

LLOY - Share buyback 2019 Hi Eadwig, I’ve copied my below post from another thread, but essentially it’s about maintaining or reducing the numbers of shares over time. If there were no share buy backs, then the number of shares in circulation would be much higher. If there were twice as many shares, then it’d be silly to expect the price per share to be the same as it is today. Equally so, if there were twice as many shares, then the dividend would be half the value. Share buybacks are here to ensure the sustainability of the company; because of this, they do benefit the share holders over a period of time. If instead of share buy backs they distributed a special dividend, this dividend would become smaller and smaller each year as the number of shares in circulation would increase exponentially. (More shares means lower price which means more shares created for pensions which means more dilution which means lower share price…)