Lloyds Banking Share Discussion Threads

[dojiwankenobi] 30/3/2020 21:10

well good luck with the case, the ECB have already done it, Last Friday, in Europe which puts all the pressure on PRA.

Doji Wan Kenobi...

[gaffer73] 30/3/2020 21:02

An order doesn't beat the law

[dojiwankenobi] 30/3/2020 20:58

The banks will have no choice if ordered.. no legal case to answer too.

Doji Wan Kenobi

[gaffer73] 30/3/2020 20:54

I would imagine there would be court cases if they cancel a declared dividend as its a legal declaration.

[maxk] 30/3/2020 20:50

The Chinese are doing the same in Africa, where they are quietly taking over.

[jl5006] 30/3/2020 20:46

And pls try to think forward
Pension funds rely on divis to pay out.
Your pension conts if in work are likely to rise 50% - plus the state will never be able to pay out to those who have not contributed.
Short term cries - long term grief.
BTW M4
You may think now - but need to think fwd - you are saying i am happy to have no income when i retire!

[freddie01] 30/3/2020 20:45

The community of Chinese people in Italy has grown rapidly in the past ten years. Official statistics indicate there are at least 320,794 Chinese citizens in Italy, although these figures do not account for former Chinese citizens who have acquired Italian nationality or Italian-born people of Chinese descent.[1]





Food for thought.

[dojiwankenobi] 30/3/2020 20:43

UK banks expect regulator to order dividend freeze.


Banks in the UK are braced for the country’s top financial supervisor to put a stop to £7.5bn of dividend payments due over the next few weeks in a move designed to shore up capital levels during the coronavirus outbreak.

The Prudential Regulation Authority, the supervisory arm of the Bank of England, is running out of time to make a decision on whether to block the payments, with Barclays due to pay a full-year dividend of 6p per share on Friday.

UK lenders, including Barclays, HSBC, Lloyds Banking Group and Royal Bank of Scotland, are expecting the PRA to advise against the payments within the next few days, according to several people briefed on their plans.

“We think the regulator will probably announce something soon,” said one.

Until last week, the PRA had been relatively unfazed by dividend payments going ahead as planned, according to one person briefed on discussions between the banks and the regulator. But the supervisor changed its stance on Friday, when the European Central Bank ordered eurozone banks to freeze dividend payments and share buybacks, they added.

Doji Wan Kenobi

[fovargue] 30/3/2020 20:40

I think and expect the final divi should be paid. The plan to pay quarterly for next year is what they'll need to review.

[jl5006] 30/3/2020 20:40

Why on earth.
media madness - phps u are not a shareholder.
another example - I will work for nothing - you would not do that - but u might expect someone else to do so!

[m4rtinu] 30/3/2020 20:34

Nobody wants to give up their divi, but it seems like the right thing to do.

Car leasing definitely an accident waiting to happen.

[jl5006] 30/3/2020 20:08

So what danny - you want to give up ur divi ?
guess not u want something that is not yours!
Thou shalt not covet etc

[crossing_the_rubicon] 30/3/2020 19:55

Okay wife beater.

[neilyb675] 30/3/2020 19:51

Stella be the name.

Stella be the drink.

[daddy warbucks] 30/3/2020 19:30

duties.https://www.elementalcosec.com/guides/declaring-dividends/There are two standard types of dividends, being interim and final dividends, as follows:Interim Dividends: These are declared by the director(s) solely and are generally paid during the financial year if the directors so desire.Final Dividends: These are recommended by the director(s) but are actually approved by the shareholders in a general meeting, or by written resolution. These are generally paid at the end of the financial year.As well as the method of declaring the dividends, interim and final dividends are also treated in different way as follows:Interim Dividend – Effect: The declaration of an interim dividend does not generally create an obligation on the Company to pay the dividend or a right on the shareholder to receive it. In theory, an interim dividend can be revoked by the directors, before it is paid. Therefore, an interim dividend only creates a right for the shareholder when it is paid. This is generally the tax date of the dividend.Final Dividend – Effect: Upon approval by the shareholders, a final dividend creates a binding obligation on the Company to pay, regardless of when the dividend is actually paid. Therefore, the effective date of a final dividend will be the date of the shareholder resolution.

[jl5006] 30/3/2020 19:29

So why do you think that i as an investor in the business which provides you cash should not get my dividend for the year to Dec 19 - instead you want something for yourself.
M8 - without investors you would have neither a mortgage, a car or a job!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
hernando!

[hernando2] 30/3/2020 19:20

Thats what's happening...banks have got unlimited money and their job is to support those business and individuals that are underwater and sort it out later.

In 2008 lots of business should have gone under and the banks didn't call in their debts, one close to me was Taylor Wimpy....a bankrupt business that was supported through the crisis..everyone thinks the management were geniuses , they weren't they supported by the banks through government intervention.

Same again now

[jl5006] 30/3/2020 19:12

A lot of BS
If invested we are entitled to our divi - pls dont interfere FCA
U made banks pay out spurious PPI claims to millions - so not just the straight guy - devious manipulator.
FGS dont go down the road of telling my bank not to pay my dividend.

[hernando2] 30/3/2020 19:10

banks have basically been given unlimited support from the government..this will allow them to support zombie business and families through mortgage holidays and support for their personal finances..there is a price to pay for that and it could be the dividend, executive remuneration or something else.

[alphorn] 30/3/2020 18:33

UI - nobody knows. I made my reason crystal clear 'remove some risk from the table'.

[utyinv] 30/3/2020 18:30

There appears to be a lot of talk on dividends being withheld. Maybe from those who want to make money from a falling share price.

There are a lot of companies like BP and RDSB feeling the pain from this virus and in BP’s and RDSB’s case a trade war between Saudi and Russia plus the fact that all demand is at an unprecedented low yet last week both BP and RDSB paid its dividend.

Who really knows ?

[xxxxxy] 30/3/2020 18:30

HoratioPosted March 30, 2020 at 2:16 pm | PermalinkOn testing, the esteamed German microbiologist Sucharit Bhakdi's letter to German Chancellor Dr. Angela Merkel has has much press in Germany and none here. See link below: it raises very serious questions about the economic destruction we are bequething, probably, to our grandchildren.He is clear:1 fatalities are being unjustly ascribed to Covid.2 Much more of the population has had the virus than we understand through negligible testing and the Germans have done far more than us.3 infection does not mean disease. This is not how we measure infections. An asymptomatic person or what not requiring hospitalization should not be counted in the same way4 it is not accurate to compare italy and spain with uk and Germany. The situations are quite different and to threaten italian level of deaths is wrong. One reason being that typically in those countries old and young live together.We need to be more critical and how we classify this and mass testing will help but likely shame the authoritieshttps://swprs.org/open-letter-from-professor-sucharit-bhakdi-to-german-chancellor-dr-angela-merkel/