Lloyds Banking Share Discussion Threads

[alphorn] 11/11/2020 13:35

M2 - you might be interested to read about the different approaches that I have put up on my thread. I had dinner last night with a scientist to try and learn a bit more. Max, perhaps without realising it, has part of a question.
I certainly would not call myself an expert btw!

[utyinv] 11/11/2020 13:32

Alph,

Post 13531: Worth adding that many Prefs are cumulative whilst ords are not.

Absolutely right. For those not familiar, non-cumulative pref shares do not roll over to the following year if the bank decides not to pay a divi in that year, ie, it’s lost and cumulative Pref Shares mean that if a bank decides not to pay a divi in that year, that expected divi will roll over to be added to the following year.

However, Lloyds and NatWest have been paying both types of preference shares a divi whilst ordinary shareholders have had their divi held back to pay for possible bad debts.

[alphorn] 11/11/2020 13:31

M2 - not sure of your question.

If you are asking whether that is too quick my answer would be that all(*) medicines must go through the proper channels and review process for efficacy and safety. No short cuts.

* Could be an exception for extremely rare diseases where, in reality, all patients are on the late stage trial. There would be very few patients.

[mr.elbee] 11/11/2020 13:22

great about the vaccine......... one way to get rid of the clinically insane

[minerve 2] 11/11/2020 13:19

Alphorn

Would you agree that 11 months from day 1 for a drug has had to circumnavigate regular channels in order to get where we are?

You are the expert in this field here though, no?

[portside1] 11/11/2020 13:18

You forget these boe employees are not that bright just take the chief Bailey a very uneducated dimwit , he as failed in every were he as been , but in the circle of clowns , family You can not believe a word they say fact

[falklandi] 11/11/2020 13:13

NY Boy,
34.1p (gap) need to be filled before we head
To 40p....DYOR

[minerve 2] 11/11/2020 13:09

Buy a tobacco share, no problems paying dividends there.

[grahamite2] 11/11/2020 13:04

The banks have been a political plaything for quite a while now.

[portside1] 11/11/2020 13:02

That reply is standard from the boe I had one weeks ago It means they run the banks and not the directors at the point of when gov say so

[utyinv] 11/11/2020 13:02

Like many on here who have complained,

I received an e-Mail from the BoE confirming that Pref Shares are exempt from the restriction. Hence this has now been pushed to my local Con MP ( prominent figure) who wasn’t aware of the loophole and has spoken to the Chancellor.

Part of e-Mail response from BoE:

Thank you for your e-mail. I can confirm that the statement and letters that were issued on 31 March 2020 to the large UK banks related to dividends and buybacks on ordinary shares and did not include any other form of capital. The statement and letters can be found here:

hxxps://www.bankofengland.co.uk/prudential-regulation/publication/2020/pra-statement-on-deposit-takers-approach-to-dividend-payments-share-buybacks-and-cash-bonuses

[utyinv] 11/11/2020 13:01

The anomaly regarding pref shares vs ordinary shares has been brought to the Chancellor to investigate with the BoE Gov.

This has been brought to the attention of the Chancellor as it has been pointed out that pref shares are predominantly held by institutions whilst Pensioners and other professionals who invest to supplement income usually invest in ordinary shares.

So the current status of Banks being prevented in paying dividends is penalising PI more than institutions.

Anyway, loophole is being investigated which might bring pressure on the BoE Gov to rectify and remove the draconian embargo

[ny boy] 11/11/2020 12:59

Looks to be heading to test 38p resistance on this more higher imo

Support1: 27.21 Support2: 23.58
Resistance : 33.08 Resistance2: 38.63p

[alphorn] 11/11/2020 12:50

max - please explain what time frames?

Are you suggesting that a fully approved drug is not taken for several years?

I don't understand what you are saying.

[alphorn] 11/11/2020 12:42

Worth adding that many Prefs are cumulative whilst ords are not.

[mitchy] 11/11/2020 12:41

WOW ! Eli Lilly to roll out FDA approved antibody Covid drug THIS WEEK !

[newbank] 11/11/2020 12:36

Well done Uty!

[falklandi] 11/11/2020 12:34

Heading to 40p....finger crossed it will be this Friday.
DYOR

[utyinv] 11/11/2020 12:34

Like many on here who have complained,

I received an e-Mail from the BoE confirming that Pref Shares are exempt from the restriction. Hence this has now been pushed to my local Con MP ( prominent figure) who wasn’t aware of the loophole and has spoken to the Chancellor.

Part of e-Mail response from BoE:

Thank you for your e-mail. I can confirm that the statement and letters that were issued on 31 March 2020 to the large UK banks related to dividends and buybacks on ordinary shares and did not include any other form of capital. The statement and letters can be found here:

hxxps://www.bankofengland.co.uk/prudential-regulation/publication/2020/pra-statement-on-deposit-takers-approach-to-dividend-payments-share-buybacks-and-cash-bonuses

[maxk] 11/11/2020 12:17

Time frames Alp, as you well know.

[falklandi] 11/11/2020 12:09

FOR LSE BB,
Bl00dy Yawnnnn!!

[alphorn] 11/11/2020 12:05

max - please explain how in today's world (Approval Agencies and trial regimes) a drug is 'untried'?

[geckotheglorious] 11/11/2020 11:57

More evidence of fraud in the swing states.
Wisconsin,Nevada, Pennsylvania, Michigan


"More states now showing clear evidence of Covert effort to overwhelm the system"


Michigan
2020 Democrats Up 899,000 votes, 9%, even though no change in population size.
10m in 2004, 10m in 2020.


Pennsylvania
2020 Democrats up 787,000 or 6%
Population 12.8m in 2004, 12.7m in 2020
Lost 100,000 people BUT an extra 787,000 votes.


Wisconsin
2020 Democrats up 453,000 or 8%
Population 5.5m in 2004, 5.8m in 2020


Nevada
2020 Democrats up 253,000 or 8.5%
Population 3.08m in 2004, in 2020 down to 2.89m

[grahamite2] 11/11/2020 11:34

Thalidomide was hailed as a miracle drug. At first.