Lloyds Banking Share Discussion Threads

[yidarmytom] 01/4/2020 08:51

asa81 Apr '20 - 08:31 - 8586 of 8590
0 5 0
"Bail out to the tune of billions for workers and businesses yet no dividend for pensioners who rely on this payment with savings decimated"

Most pensioners can afford it

[ekuuleus] 01/4/2020 08:41

I like your thinking DW. It would only make a small dent though.

[daddy warbucks] 01/4/2020 08:37

I read yesterday that the Government are looking to borrow 3 times the normal amount for April than was forecast at the budget. ( Before the Governments actions on the virus).Are they hoping the money saved on dividends will be used to buy that debt?

[mikemichael2] 01/4/2020 08:37

I hear the drug dealers are having a tough time, no shops open for their clients to rob. Should be some cheap top end Audi's coming on the market!!!

[adyfc] 01/4/2020 08:35

Funny how the mbs market caned this in 2008 then 12 years later the retail mortgage market is gonna default on their mortgages and give it right hiding again.

[ekuuleus] 01/4/2020 08:32

mike, you might want to consider the longer term effects.

Many shares are valued based on return. Cancelling the divi has a direct effect on valuation process.

Fine, you can override the algo's and input special circumstances. Will all the markte do that quickly?

Next over the next few months, pension schemes need to continue paying pensions. If the divi cancelled, they wil need to sell shares to cover. Prior, they might have ignored the wider market sell off as using divi and taking longer term view.

They just had the thumb screws tightened. Before, they could just wait it out. They just had that option removed from them. This will put the wind up on pensions and people who do just that - have divi as their income.

[asa8] 01/4/2020 08:31

Bail out to the tune of billions for workers and businesses yet no dividend for pensioners who rely on this payment with savings decimated

[montyhedge] 01/4/2020 08:24

Held well.

[mikemichael2] 01/4/2020 08:24

You bothered about the divi when you are well over 50% down on your investment!!!

[m4rtinu] 01/4/2020 08:21

PS: if you want some good news take a look at Opti.L. But dyor.

[m4rtinu] 01/4/2020 08:19

Disappointing but right thing to do. Many people facing uncertain times. Losing jobs/ income. And the govt help announced will take weeks to come through. We lose divi, some lose everything.

[poikka] 01/4/2020 08:16

"Some analysts believe cancelling dividends could actually harm the supply of credit to the real economy. (Yes, along with Poika!!)

“We note that euro area bank market capitalization fell on 30 March by the same as the 30 billion euros ‘saved’ by its dividend ban on Friday 27 March,” analysts at Bank of America Merrill Lynch said in a note to clients, referring to the ECB’s move."

[meek] 01/4/2020 08:13

Very sensible decision from the banks to cut divi. Now I'm buying back in.

[ignoble] 01/4/2020 08:13

Odd that... Not

[goldie40] 01/4/2020 08:10

will they cancel the directors massive bonus I think not

[buywell3] 01/4/2020 08:10

FTSE100 5000 by this friday very likely now

Especially if USA markets crash as Covid cases in New York rocket

FTSE100 4,500 is buywells call within next couple of months

dyor

[oakville] 01/4/2020 08:09

Well not the crash predicted by Datait. Time will tell but think 15p is too low.

[mikeran] 01/4/2020 08:07

The choice is there -- Pay a dividend and get shorted. Do not pay a dividend and get shorted.

[montyhedge] 01/4/2020 08:06

I think BT will cut 50%. Cash flow is to good at BT.

[portside1] 01/4/2020 08:06

Remember the U.K. is a cesspit with any luck it will clean out London and. Brum . They should be locked in and not allow any one out

[bargainbob] 01/4/2020 08:04

Bt will be next Monty.

[montyhedge] 01/4/2020 08:00

Of course, like me, but I don't invest in companies who don't pay a dividend, a lot of income funds will be forced sellers.

[alex1621] 01/4/2020 08:00

The point is that they might need the money, and if they subsequently needed government support the prior dividend payment would be an issue. During the last financial crisis I read that an investor had invested his entire £1m pot in Lloyd's, a company renowned for safety. He lost most of it. This time the Bank will recover and payments will resume in 2021. This too shall pass.

[deme1] 01/4/2020 07:59

Monty

Only the ones who are currently in, the peeps on the sidelines waiting with cash are more than happy :)

[mitchy] 01/4/2020 07:59

There are no courts now to say what is illegal !