Lloyds Grp 9.25 Discussion Threads

[cwa1] 09/11/2011 08:13

Nothing new but worth a look:-

[catcheemonkee] 08/11/2011 22:19

With a 9.75% dividend rather than LLPC's 9.25% isn't LLPD the better choice right now? It's only around a penny or two more expensive than LLPC, a 5p difference would make more sense.

[p@] 08/11/2011 11:04

I think these are still way too cheap at 82,when you take into account that the co-co's are taking all the risk by being forcibly converted at 79p to raise capital.

[soi] 08/11/2011 09:43

CWA1

Thanks for pointing that out,may buy a few more soon.

AS you say, looks encouraging.

[cwa1] 08/11/2011 09:00

You are welcome-but please save any thanks until the dividend is nestling, safely, in your bank account!!

Looks encouraging though....

[p@] 08/11/2011 08:56

I just bought 6000 at 78.5,bit over the top at the moment,but should go up more as the report is read,Thnx CW.

[cwa1] 08/11/2011 08:43

Yes, I flung most of what I had left at it after seeing that. Fingers crossed now!!

[p@] 08/11/2011 08:37

500,000 sell this morning,big spread.

[p@] 08/11/2011 08:35

Very re-assuring,might get some more!

[cwa1] 08/11/2011 08:31

Sure, this morning's LLOY results! It is quite a long way down(page a trillion probably!) in the section that it headlined: Further strengthening of our liquidity and funding position



HTH

[p@] 08/11/2011 08:19

Nice find CW,can you put the source up please.

[cwa1] 08/11/2011 08:04

Morning All

This sounds fairly encouraging to me:-

Since 31 January 2010, the Group has been prohibited under the terms of an agreement with the European Commission from paying discretionary coupons and dividends on hybrid capital securities issued by the Company and certain of its subsidiaries. This prohibition ends on 31 January 2012. The Group intends to be in a position to recommence payment of coupons and dividends on these hybrid capital securities after this date. Future coupons and dividends on these hybrid capital securities will, however, be paid subject to, and in accordance with, the terms of those securities.

Anyone else think so?

[dalesiders] 07/11/2011 12:16

CWC is down 30% over the past 18 months. It's 12 month high is over 50. Market doesn't like it as dividend is uncovered and it's not generating free cash. But it's profitable, it's just renegotiated $600m borrowings and is committed to 8c dividend this year. 12.5% current yield! Perversely will probably go up if dividend is cut.

I'm under water on both LLPC&D but in profit on the coco's so will just jang on and hope.

[harmonics] 06/11/2011 15:59

Dalesiders
I looked at CWC to bring into my dividend trading folio.
CWC is also close to its 12 month high at the moment (could fall back)
Do you think the divi will be maintained, if it will be maintained it's a no brainer!

Don't know what to do with LLPC, damned if I keep it and damned if I don't!
I have caught up the spred so I can exit without panalty (if I choose to)
There is no forward vision or even forward thinking on this stock, it's just a matter of resumption of coupon!

[harmonics] 02/11/2011 17:25

Wisdom of these Lloy's hybrids pivots on the gamble of cupon reinstatement, what appears to be unfortunate now could be the best thing you ever did...and vicky verky if it takes years!
If this does take years for reinstatement these hybrids will seem like a backwater in a deserted wilderness.

[holts] 30/10/2011 20:20

only unfortunate if you bought at the wrong price

[harmonics] 28/10/2011 14:56

Dalesiders - that makes LLPC a screaming buy, even at 80p buy it still makes 11.5% return/annum.... when it starts that is!
If the share value levels out at 6% return that makes this share valued at c150p, just the waiting to contend with!

[dalesiders] 28/10/2011 12:29

harmonics

EBA reckon no UK bank needs recapitalising. Therefore no external constraints on LBG recommencing dividends.

[harmonics] 28/10/2011 11:41

Why the sudden interest in LLoyds hybrids?
is the climate coming right for the divi reinstatement?

[kinbasket] 27/10/2011 15:34

As has been pointed out on the Fool recently the issue to watch is the Lloyds Euro XS0107222258. It pays on the 7th Feb and is the first issue due after the suspension period. If they are not going to pay they have to give ten working days notice. So the date is the 24th of Jan. If there is no notice of non-payment by then it should be game on.

[coolen] 27/10/2011 15:19

If LLPE is to pay in March, Lloyds is obliged to tell the Stock Exchange several weeks in advance in order that the XD & BC (books closing) dates are in place.

Evidence of any intended payment will trickle through the admin machinery within the first few days of February -not neccessarily by means of a formal "announcement".

If they decide not to pay, there is no obligation to say anything.

Overall, not the most transparent way of doing things !

[envirovision] 27/10/2011 14:35

LLPD still better value by far.

[p@] 27/10/2011 13:54

Think you're right Insi.,just bought 10k @ 73.7