Lloyds Banking Share Discussion Threads

[scruff1] 18/5/2024 10:15

The thing is Pierre if that works effectively its fine and it will become the model for businesses. But if businesses eschew the model, are thus more profitable and able to reflect that in pay and bonuses then it will wither. Unless of course the government of the day (or more likely the WEF) enforce work from home and 3 day weeks etc as part of their political dogmatic attempt to put the west so far behind BRICS that it will be unrecoverable. I suspect Hunts decision to tax Chevron and other oilies out of the UK is not really his plan at all and will be no different under Labour or any other. I also suspect that its no coincidence that the Dutch are beginning to rebel against the dictats from the unelected cabal and that there is a growing awareness of the disconnect between the opinions of the general public and the directions imposed by the political classes across the whole of the western world. Its not only the EU Commission that demands to be obeyed.Look at the lengths they are going to in the US to stop Trump. Its as if the election process and the wishes of the electorate must be averted at all costs because it is not acceptable to those who demand their way no matter what. We have never been closer to an authoritarian society imo and WFH probably aids that cause. A 3 day week is probably 3 days too many for them

[kkclimber56] 18/5/2024 08:26

An article clesrly written by someone who WFH

[pierre oreilly] 18/5/2024 00:15

The slackers who want t work at home should join the civil service. At the ons where my son 'worked' for a while (along with hundreds of other maths PhDs) there weren't enough desks for the people who worked there - hot desking i think they call it. So if my son wanted to go into the office for some reason, he had to ring in early that day to get a desk. After the desks had been allocated, no one else could come into the office. He left after a couple of years due to not enough work to do. (He's the opposite of me, I would have revelled in that).

My son in law at the mod often works at home as his choice. A real drag for visitors like us, who have to keep away from the living room, and even my daughter has to keep upstairs with their baby and keep him quite when sil is making phone calls, as he seems to do all day. It wrecks the home life of the spouse.

Simples - if I made it into work I got a days consultancy fee (albeit in 3 months time). If I didn't make it in for whatever reason, I didn't. Train strike, my loss. hangover, my loss. couldn't be tossed, my loss. holiday my loss. wife has baby, my loss. Seems fair to me.

Apparently, when interviewing for jobs, many candidates these days ask for at least 3 or 4 days working from home each week. How can you do anything productive at home in a new job?. I think many want and expect money for nothing - it seems to be becoming the norm.

[yump] 17/5/2024 23:55

“Work-life balance” is just a meaningless and dangerous mantra. It applies to people doing 12 hours 7 days a week, not partial home working.

Because its not a balance, its a loss of the boundary between work and your other activities. There’s a longer term psychological price to pay for the loss of that boundary. Work stress and home stress get conflated. Your home becomes part of the corporate world.

The commute separates work. Long commutes aren’t so healthy, but leaving the house could be accomplished with communal working offices, especially id people don’t actually need to be physically present at their company premises.

In 10 years time the claims parasites will be after companies because they allowed people to work at home, without having conducted a health and safety assessment on the effects on employees, when those employees start to suffer as a result.

[isis] 17/5/2024 21:40

Times have changed. I got warnings for getting in late when they had Blizzards and Train Strikes. If you'd have said I'm working from home all you would have seen was a P45 or your Doormat the next day!

[chiefbrody] 17/5/2024 21:13

If they resist, sack em.

[dexdringle] 17/5/2024 20:31

I don't see why people have so much difficulty understanding buybacks...

Hmmmmm......

Forget market cap Davius. Think NAV. Lloyds spending £2bn on its own shares reduces the shares in issue by 5%. But it also reduces the NAV by £2bn. So fewer shares but with less NAV between them. So each share still has the same amount of NAV.

I have a business worth £1 million. My assets are purely £1 million cash which is in the bank earning 5% which is my only revenue / profit. I have 1 million shares in issue. My NAV is £1 a share. Each shares is worth £1. Normally, I pay out the £50,000 profit as a 5% dividend.

I decide to use £200,000 of the cash to cancel 200,000 shares. My business now has £800,000 of cash and 800,000 shares in issue. The interest income is now £40,000 (5% of £800,000 cash). The shares are now worth.....£1 each. Because my NAV is still £1 per share. The whole thing is net neutral. My share price does not increase simply because I bought my own shares - because the cancelled shares were offset by the £200,000 leaving the business.

If it was better than dividend every company would do it and there would be no dividends.

As an aside. If Lloyds paid a 3p dividend the shares would most likely be 60p now as the dividend yield would be 5%.

[aceuk] 17/5/2024 19:39

jj123bb you obviously do not understand history - you are a millennial?

[jj123bb] 17/5/2024 18:35

Never forget that every 2bn buyback could have been another 3p in dividend! After years of no dividend, then came covid with another 2 years of no dividend! I would rather see a solid dividend increase coupled with a special dividend! If yield goes up the share price will adjust and goes up as well! Long term holders deserve some relief for their patience and cashflow lost along the years!

[xxxxxy] 17/5/2024 18:16

Scientists and MPs have demanded that all remaining Covid warning signs are removed because they serve only to remind the public of the "futility and madness" of restrictions.Pandemic scientists and MPs have called for a national campaign to remove the remaining posters, stickers and loudspeaker announcements from GP surgeries, train stations and supermarkets.. Daily Telegraph

[hardup1] 17/5/2024 18:06

After 58 trading days, buyback complete to date:
Total shares to date........................1,237,675,925
Aggregate cost to date... ..................£626,144,440.65
Average price paid to date..................50.5903p
Percentage of £2 billion buyback completed..31.31%

[dexdringle] 17/5/2024 17:30

《《298;《《 Lloyds should see this as an opportunity to shed people. You either return to work full time or your employment will be terminated 》》299;》》

^^^^ this. Absolutely this.

[marktime1231] 17/5/2024 17:24

Key week ahead, big dividend reinvestment Tuesday followed by CPI to April printing at 1.x% on Wednesday. No wonder LLOY is breasting a 3-year high, and yet the pace and strength of this recovery has caught me a little by surprise.

[geckotheglorious] 17/5/2024 16:54

Chevron has announced that it is exiting the UKCS, admittedly as part of a $15-20bn sales programme post the Hess acquisition which now may not complete until next year as Exxon have taken their ‘partners̵7; to arbitration.

The key asset is the 19.4% of Clair which is a surprise particularly given the potential of the Clair South project but with Sullom Voe and the Ninian SIRGE pipe system I note that Enercom suggests a $1bn price tag. Whilst Chevron has clearly opted for the Uruguay or Namibian margin rather than the punitive fiscal policy and anti hydrocarbon industry perspective of the average British politician who I feel are sleepwalking into wrecking a fantastic community.

I wrote on Monday that the politicians should bear in mind that economics should prevail over ideology and today I am concerned that the reputation we are getting is not only a bad one but that will cost us mightily when the inevitable slow down in fossil fuel usage costs us as prices rise of a commodity we have stopped producing for all the wrong reasons goes through the roof.

And setting up Great British Energy, a publicly owned clean power energy company, what on earth do they think has been going on already…? The words ‘strikes terror into the hearts’ come to mind.


Same old British disease.

We are governed by dimwits and treacherous self serving mofos. #Uniparty

[aceuk] 17/5/2024 12:51

This Moneyweek article updated today says some lenders (including HSBC) reducing rates now



S'pose like everything else nobody really has a clue what’s going on!