Lloyds Grp6.475 Discussion Threads

[holts] 03/3/2009 13:31

when is payment due ? last years was 1st march, I think.

[tyranosaurus] 02/3/2009 13:32

Mass panic here with a massive 600 shares showing as traded so far today.

[colinc57] 27/2/2009 12:03

I've started a thread LLP .. but need someone to show me how to add all the charts for LLPE, LLPC

[lord gnome] 27/2/2009 07:44

Looks like 'business as usual' with our divis. I read this as saying we're going to continue to get paid.

'Dividend

As part of the HM Treasury recapitalisation scheme, the Group was required to suspend the payment of cash dividends to ordinary shareholders until the HM Treasury Preference Shares issued as part of the scheme are repaid. In the meantime however, as we indicated in our shareholder circular last year, the Board has approved a capitalisation issue of 1 for 40 ordinary shares held.'

[tyranosaurus] 26/2/2009 21:28

I was expecting a bit more upwards movement today.

Suppose some is being saved for tomorrow.

[lord gnome] 26/2/2009 16:00

I did think of that colin, but I am not an expert so I wouldn't know how to include the charts for each of the variants. Otherwise, it does seem to be a bit of overkill to have a thread for each when they are all basically the same product.

[colinc57] 26/2/2009 15:53

Lord G .. why not do a LLP thread for all Lloy prefs and then place a (last)message on all existing threads to refer to the new one

[lord gnome] 26/2/2009 12:53

Your wish is my command poacher.

[holts] 26/2/2009 11:59

Thanks Lord G .

[poacher45] 26/2/2009 11:52

Lord Gnome can you do a page for the 9.75% prefs. I think they are LLPD. Thanking you in advance.

[lord gnome] 26/2/2009 10:42

The shares went ex-div, but as I understand it, the company can give notice to withdraw the divi up to 10 days before it is paid. My best guess is that if they are going to pass the divi they will announce it tomorrow.
NWBD divi was declared via RNS along with other divis on other prefs / bonds and the shares go exdiv next Wednesday.

[holts] 26/2/2009 09:18

has not the divi already been declared on these ?

[lord gnome] 26/2/2009 08:58

Because the divi has already been declared.

[holts] 26/2/2009 08:49

so why buy nwbd before the rbs results this am ?

[lord gnome] 25/2/2009 09:21

Not so - LLOY have results on Friday - if we are going to learn anything then that'll be the day.

[holts] 25/2/2009 08:51

presumably if we were not going to get paid we would have heard by now .

[colinc57] 16/2/2009 14:03

can't remember seeing so many 400 ( thats the original BM allocation) going through

[holts] 15/2/2009 09:17

6.475/.39= 16.66%

[diku] 14/2/2009 23:21

what is the actual yield here at current price?...

[lord gnome] 09/2/2009 11:32

Nope - I read it that any div to ords has to trigger a full payment to prefs. That's why they are called preference shares - we have to have first dibs at a divi - whatever form it takes.

[pvb] 09/2/2009 10:52

If ordinary shareholders received a 'dividend' in additional shares I take it that from our point of view that would be a dividend passed?

[skylaunch] 06/2/2009 10:56

I hope they do pay the yield but don't think we should worry too much if they don't.
At some point they'll want to pay the ord share divi, at which point they have to pay us first I believe.
Therefore, we can get this brilliant yield simply by waiting 12 - 18 months:- I'm happy with that.

Furthermore, I wouldn't be surprised if they appreciate in value anyway from now simply because the threat of nationalisation appears to be receding.

[solomon9] 06/2/2009 09:51

Whilst going xd does not guarantee payment that is not the point being made, the board had an opportunity to pass on the dividend and patently have not done so.

[colinc57] 06/2/2009 09:13

topped up some more - OK EX Div but with the ord LLOY stabilising , seems a good risk to me.

[colinc57] 06/2/2009 09:01

I do expect this div to be paid ( and woould be nice) but the value will be in the recovery