Lloyds AGM

silvasava

Just had the voting slip through - Ive had these shares since the Halifax amalgamated so TBH Ive no idea whatwho to vote yes or no to. I'm not convesant with the markets so any advice would be welcome

Thank you

eskbanker

https://www.lloydsbankinggroup.com/assets/pdfs/investors/shareholder-information/shareholder-meetings/2022-lbg-notice-of-agm.pdf has explanatory notes about the resolutions to be tabled at the meeting, but if you don't have strong feelings about any of them then just don't do anything, AGM voting is far from compulsory!

jimjames

To add to the previous reply, if you're not conversant with markets and this is your only investment then you may want to look at selling and putting the money into a more diversified fund so you are not dependent on the fortunes of one bank

silvasava

The shares we have are now worth peanuts,  shame I didn't sell them years ago when they were worth about 10 pounds each! Thought they'd be worth keeping as a backup for old age lol!  I'm aware of the explanatory notes but in the light of the value I'll just accept all and be done with it.
Thanks for your input.

P1Fanatic

silvasava said:

The shares we have are now worth peanuts,  shame I didn't sell them years ago when they were worth about 10 pounds each! Thought they'd be worth keeping as a backup for old age lol!  I'm aware of the explanatory notes but in the light of the value I'll just accept all and be done with it.
Thanks for your input.

Did you receive this AGM / voting slip in the post? I only ask as I am tidying up my late mothers estate for my dad and amongst others she has some Lloyds shares which as you say are worth peanuts. I've not seen any post or email correspondence about this AGM. They are pretty much the only shares left and I am tempted to sell them just so my dad can stop paying £10pm DD to Interactive Investor. But I see from the link above they are about to pay dividends so maybe I need to hold on. Not that its worth anything at 1.33p per share as he only has 716.

wmb194

P1Fanatic said:

silvasava said:

The shares we have are now worth peanuts,  shame I didn't sell them years ago when they were worth about 10 pounds each! Thought they'd be worth keeping as a backup for old age lol!  I'm aware of the explanatory notes but in the light of the value I'll just accept all and be done with it.
Thanks for your input.

Did you receive this AGM / voting slip in the post? I only ask as I am tidying up my late mothers estate for my dad and amongst others she has some Lloyds shares which as you say are worth peanuts. I've not seen any post or email correspondence about this AGM. They are pretty much the only shares left and I am tempted to sell them just so my dad can stop paying £10pm DD to Interactive Investor. But I see from the link above they are about to pay dividends so maybe I need to hold on. Not that its worth anything at 1.33p per share as he only has 716.

If they're held by a nominee you're unlikely to receive anything in the post, instead you'd probably need to contact the broker*. Lloyds' shares last went ex-dividend on 07/04/22 so you can sell them now and you'll still receive the mighty amount of £9.52, due 19/05/22.

*Most aren't very interested in helping you vote your shares, though.

Notepad_Phil

P1Fanatic said:

... But I see from the link above they are about to pay dividends so maybe I need to hold on. Not that its worth anything at 1.33p per share as he only has 716.

As per wmb195 it's now past the ex-div date so you're free to sell the shares and still receive the dividend. Just make sure that you are receiving the dividend in the form of cash and are not in the DRIP scheme whereby the dividend is used to purchase new shares. It would be annoying to sell one lot of shares and then have to do the same again with however many new shares you got.

P1Fanatic

wmb194 said:

P1Fanatic said:

silvasava said:

The shares we have are now worth peanuts,  shame I didn't sell them years ago when they were worth about 10 pounds each! Thought they'd be worth keeping as a backup for old age lol!  I'm aware of the explanatory notes but in the light of the value I'll just accept all and be done with it.
Thanks for your input.

Did you receive this AGM / voting slip in the post? I only ask as I am tidying up my late mothers estate for my dad and amongst others she has some Lloyds shares which as you say are worth peanuts. I've not seen any post or email correspondence about this AGM. They are pretty much the only shares left and I am tempted to sell them just so my dad can stop paying £10pm DD to Interactive Investor. But I see from the link above they are about to pay dividends so maybe I need to hold on. Not that its worth anything at 1.33p per share as he only has 716.

If they're held by a nominee you're unlikely to receive anything in the post, instead you'd probably need to contact the broker*. Lloyds' shares last went ex-dividend on 07/04/22 so you can sell them now and you'll still receive the mighty amount of £9.52, due 19/05/22.

*Most aren't very interested in helping you vote your shares, though.

I'm pretty new to this as have never bought individual shares (only invested in funds). What does held by an nominee mean - that they were purchased through a platform like ii? I guess I just hold out and see if anything gets paid into the ii account on / around 19th May.

P1Fanatic

Notepad_Phil said:

P1Fanatic said:

... But I see from the link above they are about to pay dividends so maybe I need to hold on. Not that its worth anything at 1.33p per share as he only has 716.

As per wmb195 it's now past the ex-div date so you're free to sell the shares and still receive the dividend. Just make sure that you are receiving the dividend in the form of cash and are not in the DRIP scheme whereby the dividend is used to purchase new shares. It would be annoying to sell one lot of shares and then have to do the same again with however many new shares you got.

As above how would I ensure which method I would receive the dividend in as to my knowledge we have not received anything asking us to state a preference?

P1Fanatic

silvasava said:

The shares we have are now worth peanuts,  shame I didn't sell them years ago when they were worth about 10 pounds each! Thought they'd be worth keeping as a backup for old age lol!  I'm aware of the explanatory notes but in the light of the value I'll just accept all and be done with it.
Thanks for your input.

Were they ever worth £10 a share? Seems they floated in 1986 and peak seems to be just under £5 in April 1998 (and they've tanked ever since

Notepad_Phil

P1Fanatic said:

Notepad_Phil said:

P1Fanatic said:

... But I see from the link above they are about to pay dividends so maybe I need to hold on. Not that its worth anything at 1.33p per share as he only has 716.

As per wmb195 it's now past the ex-div date so you're free to sell the shares and still receive the dividend. Just make sure that you are receiving the dividend in the form of cash and are not in the DRIP scheme whereby the dividend is used to purchase new shares. It would be annoying to sell one lot of shares and then have to do the same again with however many new shares you got.

As above how would I ensure which method I would receive the dividend in as to my knowledge we have not received anything asking us to state a preference?

If all of the Lloyds shares are held on the ii platform then you'll receive the dividend as cash, but it is possible that you've set ii up so that any incoming dividends are used to purchase new shares. See https://www.ii.co.uk/investing-with-ii/dividend-reinvestment

Do you hold any Lloyds shares elsewhere? If you do, then wherever they are held will probably have their own version of this.