Lloyds Grp 9.25 Discussion Threads

[valhamos] 01/4/2020 07:10

Prefs not affected according to the RNS, C'mon Red stick to the facts!

[redartbmud] 01/4/2020 07:06

JAF

I hope that you are right, but the Zipper has been looking for any way possible to get rid of the Prefs.

[jaf111] 01/4/2020 07:03

RBS saying will not affect their preference payments.

For completeness, this has no impact on the payment of interest on outstanding preference shares or Alternative Tier 1 instruments ("AT1") issued by RBS and its subsidiaries.

[redartbmud] 01/4/2020 07:01

Doubt it.
Thr 'Lightening Zipper' will cancel ALL dividends - tht includes Prefs!!

[future financier] 01/4/2020 06:58

Prudential Regulation Authority - the twin brother of the Financial Conduct Authority - that is responsible for ensuring that banks and insurers are run safely.

[skyship] 01/4/2020 06:37

I assume so - they do state quite deliberately "on ordinary shares".

Q. They state the move in response to a request from the PRA - Who is that - BoE perhaps...

[folderboy] 01/4/2020 06:16

"the board has decided that until the end of 2020 we will undertake no quarterly or interim dividend payments, accrual of dividends, or share buybacks on ordinary shares. In addition, in response to a request from the PRA and to preserve additional capital for use in serving our clients, the board has agreed to cancel payment of the final 2019 dividend in relation to ordinary shares. "

Do we assume/infer that the dividend is maintained for preference shares?

[trinders] 19/3/2020 09:17

Thanks all for your various comments, I guess it's all part of a flight to cash - for some people because of serious troubles , for others an attempt to preserve capital.

[holts] 18/3/2020 13:27

Can only conclude there are some fundholders of these who are in serious trouble

[westcountryboy] 18/3/2020 08:41

I don't know when those trades were but I topped up at 115.5 yesterday.

[yupawiese2010] 18/3/2020 00:03

If you look at the spread here, then drift over to the LLPD board where the shares are less liquid, yet the apparent spread is tight & also appear to be trading well above the quoted price.

Likewise over at BOI trades appear to be going through well above the quoted price.

[trinders] 17/3/2020 20:07

Thanks very much - long way above the quoted price - are they today's or only reported today?

[yupawiese2010] 17/3/2020 19:04

trinders - All trades are now released ( not that it will assist you ) !!!

[alphorn] 17/3/2020 14:33

red - pleased to hear that! I have my broker chasing.

[redartbmud] 17/3/2020 14:30

My LLPE divi is in the bank.

[trinders] 17/3/2020 13:29

Thank you for your replies, surprising that ADVFN is blank on LLPC transactions.

[alphorn] 17/3/2020 12:42

My LLPE dividend has not shown up yet.

[zangdook] 17/3/2020 12:23

trinders
There are a lot of trades showing here, though not from today yet:

[pierre oreilly] 17/3/2020 12:14

Either they didn't make it to the market you're looking at, or they were traded through another market.

[trinders] 17/3/2020 12:03

I'm as interested in why no transactions are showing up, including my own.

[valhamos] 17/3/2020 12:01

I think you have answered your own question.

You might want to try and connect - "I sold a small number of shares today" with "why are they going down?"

[trinders] 17/3/2020 11:20

I'm concerned and curious about LLPC. It has dropped over 20% in the last 3 weeks, but apparently only aroiund 80,000 shares have been sold. I sold a small number of shares today but they are not recorded on ADVFN's level 2 page for LLPC. Lloyd's own page on the LSE site shows the last five transactions as being off-book and in the price range 140.2 to 148.5, dated 11th and 6th March.

Given the interest on these shares why are they going down? Is Lloyds likely to stop payment??

[glavey] 14/11/2019 04:00

It's that black horse by your side, you have to keep your eye on it all the time as the beast is apt to go feral (Equus ferus) and you just might get trampled.

[my retirement fund] 13/11/2019 13:28

Its an issue of ethics. Bottom line ecclastrial are ethical, Lloyds are not and probably never will be. Hence the discount must apply.

[loglorry1] 13/11/2019 09:41

Yep slight discount due to the idea that Lloyds came up with (on Aviva's behalf) that they could effectively cancel the prefs at par (100p) if they wanted using some legal wranglings. That idea seems to have been put to bed but Lloyds never actually came and and said they'd never do it unlike others.

Personally I think that risk is very very small now especially given the size of the issue here but it's something to consider.